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Bitcoin

Bitcoin (BTC) Price Analysis: 6 TIMES—The Number of Times Bitcoin Has Retested $6,000 in the last Three Months

From a top down approach, it’s clear that sellers are in charge as BTC is down a massive 11 percent thanks to Sep 5 selling spree. Regardless, there is optimism for cryptocurrencies and Bitcoin in particular stemming mainly from bullish fundamental developments. This divergence means there is potential for BTC …

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Bitcoin Is Not Dead

The sense of urgency is everywhere I look. Bitcoin is dying, and it’s time get a new job. The warnings are stark. Bitcoin’s price has lost 70% since its $20,000 peak last year, the Securities and Exchange Commission has rejected every bitcoin ETF it’s seen so far and Goldman Sachs …

Bitcoin

Meet Federico Tenga: The guy who teaches North Koreans about Bitcoin

Despite being the most hermetic country on Earth, North Korea is certainly no stranger to cyberspace—in both its uses and abuses. Despite a tiny local internet user base and just a few dozen local websites, cybercrime in the Democratic People’s Republic of Korea (DPRK) is estimated to be a multi-billion …

Bitcoin

Is Bitcoin Still A Safe-Haven Asset?

Is Bitcoin still appealing during times of distress? Shutterstock Recently, the global asset markets have been roiled by concerns that the United States and China may soon enter a trade war. While some assets have responded in a predictable fashion – with stocks losing value and gold enjoying gains – …

Bitcoin

Bitcoin: A Definitive Guide

There has been a lot of drama around Bitcoin and cryptocurrency in the last year, with its recent rise and seemingly fatal fall making headlines in the months of late. Is hope truly lost for Bitcoin and its proponents? Maybe not. In order to better understand the specifics—What is Bitcoin? How is …

Bitcoin

Building a Base? Bitcoin Demand at $10K Hints at Move Higher

Persistent demand around the $10,000 mark appears to have not only neutralized the immediate bearish outlook on bitcoin, but also hints the cryptocurrency could be building a base for an eventual move higher. Prices on CoinDesk’s Bitcoin Price Index (BPI) fell to $9,972.29 yesterday, before witnessing a quick recovery to $11,000 levels. …

Bitcoin

No, You Don’t Have to Buy a Whole Bitcoin

“How much is bitcoin?” “Around $14,000.” “Well, that’s too expensive. I can’t afford that.” It’s a conversation that has surely happened thousands of times over the past several months as a new swarm of people find themselves enchanted by the cryptocurrency space and its tremendous gains. And it reveals not …

Bitcoin

Chinese bitcoin mining giant sets up Swiss hub

One of the world’s largest bitcoin miners is setting up a hub for European operations in Switzerland, a person familiar with company has confirmed to swissinfo.ch. The Chinese firm Bitmain Technologies is setting up in Zug just as the Chinese authorities move to shut down cryptocurrency miners. Bitmain Technologiesexternal link builds …

Bitcoin

Rising fees open the door for Bitcoin’s ‘currency’ contenders

Probably the biggest challenge that bitcoin faces today is scalability. Currently, bitcoin users are being charged an average of over $30 per transaction and transactions can take several hours to confirm. This is a far cry from the days when it was possible to send bitcoin within minutes to anywhere in the …

Bitcoin

Is Kim Jong Un one of the Main Factors behind Bitcoin’s Price Surge in 2017?

Is Kim Jong Un one of the Main Factors behind Bitcoin’s Price Surge in 2017? The North Korean dictator Kim Jong Un could very well be one of the main reasons why bitcoin has been rapidly gaining momentum in the past few months, at least according to some experts in …

Bitcoin

Ripple vs. Bitcoin: The 5 Biggest Differences Between the Cryptocurrencies

There’s a number of key differences between Bitcoin and Ripple. The former was first outlined back in 2008, and following a big run at the end of last year now holds value of $16,426 per token. Ripple, founded in 2012, has seen big interest from businesses including three Japanese credit …

Bitcoin

Bitcoin Exchange Youbit to Declare Bankruptcy After Hack

A South Korean bitcoin exchange is moving to declare bankruptcy following what it said was a debilitating hack and theft. A message on Youbit’s official website posted today states that, at around 4:34 a.m. local time, an external hack resulted in the loss of “about 17 percent of total assets.” The cyber …

Bitcoin

Putin planning a Cryptorouble to render economic sanctions POINTLESS

Mr Putin is thought to have been interested in the possibilities of cryptocurrencies for some time and held a meeting last summer with Vitalik Buterin, the founder of another cryptocurrency Ethereum. Mr Putin’s move to try to establish control on any future cryptocurrency would appear to go against the original …

Bitcoin

Breaking Bitcoin With a Quantum Computer

Alex Beath, a Toronto-based physicist and pension fund analyst, is skeptical about Bitcoin but sees one useful purpose for the crypto-currency: It may detect when someone creates a working quantum computer. “The second someone creates a viable quantum computer, the NP-complete math problems at the heart of Bitcoin mining tech …

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Thank Kim Jong Un for your crypto gains

Because of heavy sanctions placed on the country for its nuclear weapons testing, North Korea has long run a series of “side businesses” like drug trafficking, endangered species trading, money laundering and currency counterfeiting to provide hard cash to the Kim regime. Naturally, bitcoin trading came next. There are a …

Bitcoin

Five predictions for digital currencies in 2018

After the bitcoin craze rose to a near-fever pitch in the last several weeks of 2017, several investors and analysts in the space see more growing pains for cryptocurrencies this year. Here are five predictions for digital currencies, based on those interviews: 1. More institutions will get into cryptocurrencies. “Our …

Bitcoin

How Likely Is It That Bitcoin Will Hit $500k In Three Years?

Do you believe John McAfee is right about Bitcoin hitting $500,000 in 3 years? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world. Answer by Vladimir Novakovski, 8.5 years in hedge funds, on Quora: It’s interesting that …

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What Bankers Said About Bitcoin in 2017

Is bitcoin in a bubble? Or will its price continue to increase through 2018? Notable bankers, economists and investors have all weighed in over the past year. But views vary: some believe investors should hold their funds; but many have also sounded the alarm on bitcoin while expressing doubts on …