Bitcoin

Bitcoin Awaits Decisive Price Move as Trading Range Tightens

Bitcoin has witnessed indecisive trading in the last 48 hours and would turn bullish again if prices rise above $3,897. The crypto market leader jumped to a high of $3,897 yesterday, according to Bistamp data, having shown strength with a “V-shaped” recovery from lows near $3,650 on Wednesday. That bullish …

Bitcoin

BITCOIN PRICE PARES SOME LOSES, BUT IS THE CAT DEAD?

QUICK TO RECOVER Bitcoin price $6340.43 +0.26% saw gains nearing three percent in less than an hour, quickly recovering from yesterday’s decline. The price surged over $200 in a matter of minutes after some sideways (in)action. Nevertheless, the first and foremost digital currency is still down about 15 percent in the last four …

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 …

Bitcoin

Bitcoin A Global Currency? That’s A Myth

Bitcoin isn’t a global currency ready to replace national currencies, including the mighty dollar. That’s a myth. At least, that’s the message from the recent emerging market currency crisis. The digital currency is crashing in tandem with emerging market currencies rather than rallying, as Bitcoin investors would have expected. The …

Bitcoin

Is Now A Good Time To Buy Bitcoin?

Bitcoin prices have taken a beating lately, falling sharply over the last several months and dropping more than 15% in the space of 48 hours. After suffering these declines, the digital currency is trading close to $6,450, according to the CoinDesk Bitcoin Price Index (BPI). At this point, bitcoin is down more than 66% from its peak …

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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

Could Bitcoin Fall To $4,000 In The Coming Weeks?

Bitcoin prices have repeatedly suffered weakness over the last several months, and recently, a Bloomberg analyst predicted that the digital currency could fall to as little as $4,000. “Bitcoin is in dump mode, following the pump run-up on the potential for a U.S. ETF,” Bloomberg Intelligence analyst Mike McGlone stated during a …

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

Bitcoin Is Not Out Of The Woods Yet

Bitcoin prices have had a rough week, but things may get better before they get worse. The world’s largest digital currency has fallen close to 20% over the last seven days, pushing lower as they struggle with several bearish factors. At the time of report, Bitcoin was trading at roughly $8,800, after …

Bitcoin

Beware Fintech Firms Bearing Bitcoin

Fintech startups have long had trouble turning feel-good rhetoric into profitable growth. Competition is intense, consumers tend to want things for free, and dinosaur banks are far from extinct. To make matters worse, finance just isn’t as addictive as messaging or catching up with friends. That counts in an era …

Bitcoin

North Korea may have made as much as $200 million from Bitcoin, according to expert

north Korea may have raked in more than $200 million in digital cryptocurrency transactions last year, diluting the impact of stiff international sanctions over its nuclear and missiles programme. The huge haul of an estimated 11,000 Bitcoins was revealed by Priscilla Moriuchi, a former US National Security Agency officer, in …

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

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

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

Analysts spar on whether the cryptocurrency is a good deal or too risky

Bitcoin’s meteoric rise in price this year is backing people into two camps: the deeply suspicious and the incredibly enthusiastic. Andrew Left, a bitcoin critic, and Tom Lee, an all-in admirer, squared off Wednesday on CNBC’s “Fast Money.” Left, of Citron Research, is a noted short seller who likes to …