Bitcoin price surged higher and broke the main $10,000 and $10,200 resistances against the US Dollar.The price is currently consolidating below the next key resistance at $10,500-$10,525.This week’s followed key bearish trend line was breached with resistance near $9,880 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is currently trading...Read More
This year has been all about Bitcoin. Even the handful of altcoins that have made good gains are now losing them as BTC crushed them all with its increasing market share.Bitcoin Dominance at 2 Year HighAccording to charts on Tradingview.com BTC dominance topped 72.5 percent today. Its recent move back into five figures has kept...Read More
Monday, Sept. 2 — Markets are bouncing back and showing upward price movement, after trading sideways for the better part of the day. Market visualization. Source: Coin360 The Bitcoin (BTC) price is showing impressive price movement, after trading close to $9,700 for most of the day. At press time the number one cryptocurrency is trading at...Read More
According to news published on Bloomberg on Septemeber 2, Yves Mersch, an executive board member at the European Central Bank (ECB), stated that Facebook’s proposed Libra currency could undermine the European Central Bank’s ability to set monetary policy. You Can’t be a Central Bank During the European Central Bank conference in Frankfurt, Yves Mersch, an...Read More
Many retail stores would like to welcome the added business that the crypto community brings, but find that they don’t have the capability to do so within their existing payment infrastructure. One company bridging this gap is Slovenian startup Eligma which is now set to start global expansion with an infusion of cash from Bitcoin.com...Read More
The bitcoin price increased from $9,766 to $10,500 as its dominance over altcoins and the rest of the cryptocurrency market hit 70 percent. | Source: Shutterstock The bitcoin price increased from $9,766 to $10,500 in the past 24 hours as its dominance over altcoins and the rest of the cryptocurrency market hit 70 percent. Prior...Read More
The Dow futures are in the red following the response of China towards new sanctions imposed by the U.S., fueling fears of a possible recession. | Source: Shutterstock The Dow futures are in the red once again following the response of China towards new sanctions imposed by the U.S., fueling the drop of the bond...Read More
This weekend, Bitcoin price closed its second consecutive monthly red candle in a row, as bulls failed to push the price of the leading crypto asset by market cap through resistance to retest its recent local high.The post appeared first on NewsBTCRead More
A bitcoin price premium has developed in Argentina as the government imposed currency controls in a bid to support the peso. | Source: Shutterstock Argentina’s decision to impose currency controls has had a bullish effect on bitcoin in the South American country. With demand rising for the cryptocurrency, a bitcoin price premium has subsequently developed....Read More
Despite promising market momentum, the current conditions remain problematic for Bitcoin service providers. In Thailand, one of the biggest services will shut down in a few weeks. Bitcoin Co. Ltd, also known as Bx.in.th, will not seek a renewal of its Digital Asset Exchange license. It is unclear why this decision was made all of...Read More
Binance, the world’s largest exchange by trading volume, has acquired JEX, a crypto-asset trading platform that offers spot and derivatives trading services. The exchange announced the acquisition on Sept. 2, saying, “JEX will join the Binance ecosystem as Binance JEX and focus on further building the crypto-asset derivatives market.” According to the announcement, Binance will...Read More
Craig Wright is looking to challenge Judge Reinhart’s decision and has asked the court for an extension of time in order to dispute the August 27 ruling. Wright was recently instructed to distribute 50% of his BTC holdings allegedly mined before 2014 and intellectual property (IP) to the Kleiman estate. Wright’s legal counsel based in...Read More
Crypto investors, traders, and analysts alike are mostly in agreement that Bitcoin price has switched to bull market mode ever since the crypto asset left its bear market bottom behind. But now that Bitcoin price has been correcting in recent weeks, the market has become bearish and fearful that a deeper correction will soon be...Read More
Bitcoin has gone through a near-impossible feat of convincing global investors about its worth as the rightful replacement of gold, which has also led some to believe that “the demand for gold is adversely affected by the success of cryptocurrencies.” The recent Crypto Research Report stated, “As of yet, the correlation between gold and Bitcoin...Read More
As quantitative easing dampens faith in fiat, cryptocurrencies will only become more attractive. That’s one of the most startling assertions from Mark Mobius, founding partner of Mobius Capital Partners, who is in India this week to promote his new book, “Invest for Good.” The global economy has been propped up since the end of the...Read More
Bitcoin bulls are back — that’s right. In the past few hours, the cryptocurrency has been regaining its upward momentum once again, finally showing some bullish price action following the Friday close of the CME’s August BTC futures contracts.Related Reading: 1,000 Bitcoin Buy Wall May Bolster Bull’s Attempt to Push BTC to $10,000This move higher...Read More
News surrounding the imminent launch of Facebook’s cryptocurrency – dubbed Libra – captivated the world earlier this Summer, and although the hype surrounding the project has largely worn off, many analysts still view it as a catalyst for greater widespread adoption of crypto.Although Libra was met with praise by many, it certainly has its fair...Read More
In a recent interview, the founder and CEO of eToro, Yoni Assia shed light on the fact that several people anticipate or expect the 2008 financial crisis to repeat itself. This is primarily because the crypto investors expect a surge in the price of Bitcoin in such a case. The potential financial crisis would enable...Read More
Connecticut police caught a man who had stolen over $15,000 worth of digital currency in a mobile phone theft after he mistakenly sent an apology email to a detective heading the investigation. Back in April, a Connecticut resident fell victim to a cryptocurrency theft by New Jersey citizen Darren Carter, wherein the latter swiped the...Read More
Bitcoin’s price has risen above $10,000 for the first time in nearly a week as Tether releases $7 million in USDT from its wallet and a bullish divergence appears on the 4-hour chart. Bitcoin Price Up By 5% Bitcoin has gained more than 5% in a few hours on Monday (September 2, 2019). This surge...Read More
Billionaire bitcoin skeptic Ray Dalio was trolled on Twitter after gushing how much he enjoyed this year’s Burning Man festival. | Source: (i) Reuters/ Brian Snyder (ii) Ray Dalio Twitter Account; Edited by CCN Ray Dalio, a billionaire investing guru and noted bitcoin skeptic, was teased for “ruining” Burning Man. Dalio is the founder of...Read More
The clear rise in adoption of cryptocurrencies can be noted across various sectors, such as tourism. Major heavyweights of the tourism sector, such as Blockchain Cruises and Expedia, are already offering services that accept payment in crypto. Benefits of cryptocurrency payments are being realized at a global level. Travala, room-booking website that accepts cryptocurrency, achieved...Read More
September 2, 2019 21 Views Fans are up in arms after Sony delisted stunning racing game Driveclub from the PlayStation store a day earlier than planned. | Source: Source: Justin Sullivan/Getty Images/AFP Fans are up in arms after Sony delisted Driveclub from the PlayStation store a day earlier than planned. Sales of the driving game...Read More
After facing a significant amount of selling pressure that resulted from its recent drop below $10,000, Bitcoin’s bulls have stepped up and are now attempting to push BTC back into the five-figure price region.This upwards momentum has been bolstered by a massive BTC buy wall on Binance and a bullish fractal pattern that may suggest...Read More
A recent opinion article by Peter Lin, “Why Regulation Is The Best Thing For Crypto,” presents common arguments on why the state and state-affiliated institutions should administer cryptocurrency. Underlying the arguments is an assumption: the free market cannot provide necessary standards for crypto and the state must step into the void. Also read: Why the...Read More
Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. | Source: Shutterstock; Edited by CCN Silver and gold are finally drawing some attention from market participants thanks to a stellar performance from precious metals in August. After several years of sideways price action,...Read More
Blockchain security and scalability are fundamental aspects of an asset’s decentralized network. Major digital currencies, including the likes of Bitcoin and Ethereum, received criticism largely because of their scalability issues. Bitcoin has a 2nd layer protocol or the lightning network to address their scalability concerns at the moment and Ethereum is moving toward Proof-of-Stake algorithm...Read More
