Bitcoin

Bitcoin price holding above $10000 despite bearish movements

Bitcoin price has been in a weird state of decay, where it is unable to break past the ten thousand five hundred dollars mark ($10500) it is also not stepping below the ten thousand dollars ($10,000) mark. Bitcoin (BTC) has recently experienced a rise in its price and rose from the four-digit territory above the […]

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Is Lightning Network the Most Optimum Bitcoin Scaling Solution?

The Lightning Network has been subject to controversy since it’s rise to prominence in 2016. Championed as BTC’s solution to scaling, thousands of people in the Bitcoin community voiced their opinions on how it wouldn’t work. Now, nearly a year and a half later, it is still receiving criticism regarding its centralization, routing issues, and […]

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Bitcoin: Crypto-Like Global Monetary System To Be a Boon For BTC

On Friday, the Bank of England’s governor made a comment that was music to the ears of Bitcoin and crypto proponents. BITCOIN IS THE FUTURE pic.twitter.com/ITdKsG9HJ5 — Pomp (@APompliano) August 23, 2019 According to reports from Reuters and Bloomberg, Mark Carney dropped a bombshell on a group fo central bankers and press at a meeting […]

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Video Interview: Carl Dong on Guix and Bitcoin Development

Chaincode Labs engineer Carl Dong is one of the most prolific and promising Bitcoin developers today. In the beginning of his career, he made significant contributions to the 21dotco protocol (which turned into Earn.com). Subsequently, he joined Blockstream and is doing perpetual work on Andrew Poelstra’s Rust Bitcoin implementation. But Dong truly came into his […]

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Bitcoin Magazine’s Week in Review: Gradual Improvements

Script, the smart-contract programming language for Bitcoin, has gotten an upgrade. Developers are addressing challenges on the network through local Socratic Seminars. A Bavarian entrepreneur is promoting Bitcoin through a multisport race. And the curious case of the Asian mafia behind the PlusToken racket. Scams The PlusToken Scam This week, we looked into the case […]

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Mark Carney's Dollar-Killer Digital Currency Threatens Bitcoin

By CCN Markets: Mark Carney wants the US dollar to lose its status as the global reserve currency, pitching the idea that a digital currency could take its place at the Federal Reserve’s annual meeting in Jackson Hole, Wyoming. This is not the first time that someone is calling for the dollar to die and […]

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Bitcoin (BTC) Price Testing Last Line Of Defense With Positive Bias

Bitcoin price is showing positive signs and settled above $10,000 against the US Dollar. The price is now trading near the key $10,400 resistance area, which is preventing gains. Yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). […]

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Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further Upside

Donald Trump is upping the pressure on China, and analysts say this is bullish for Bitcoin. For those who missed the memo, on Friday morning, the American President unleashed his latest volley at China (and the Federal Reserve) in a series of tweets. “For many years China has been taking advantage of the United States”, […]

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Gran West Agreed to Comply with Judge to Reimburse £900,000 worth of Bitcoin to his victims

According to news published by The Guardian on August 23, 2019, cybercriminal Gran West has agreed to collaborate with justice to reimburse the victims of his crimes. The amount to be paid as a way of compensation to the losers equals to £915,305.77 pounds.  Spontaneous Collaboration Gran West, the 27-year old hacker behind more than […]

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Breaking: Bitcoin Trades at $10 on an Asian Exchange Owing to AWS Malfunction; Binance, KuCoin Affected

An AWS malfunction has affected several  Asian exchanges causing massive price instability and other operational issues on the platforms. Bitcoin trade orders got executed at $10 on an Asian exchange while some cryptocurrencies including BAT, EOS and ETH were selling at thousand-fold premiums. Binance, KuCoin Affected The problem was first highlighted by Binance CEO, Changpeng […]

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Crypto Analyst: Bitcoin Bull Rally is Over if Trendline Breaks

Bitcoin has been on a bull run since the start of 2019, after bottoming in December 2019. Momentum picked up with a $1,000 candle in April and the crypto asset was off to the races ever since. But now the race appears to be coming to an end, and Bitcoin could cross the finish line […]

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Bitcoin Panic Unwarranted But Ethereum Still ‘Ugly’ Below $200

The week has ended with reclamation of five figure prices by bitcoin. Some of the altcoins have been marginally dragged up with it, but many including Ethereum are still looking extremely weak. Bitcoin Back Over $10k The past five instances bitcoin has dropped into four figures have been brief encounters. There is clearly a mass […]

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BitPay Under Fire For Rejecting $100K Bitcoin Amazon Rainforest Donation

A blocked Bitcoin donation to help the fight against the Amazon Rainforest fires has become the latest publicity headache for BitPay. BitPay Fails To Resolve BTC Freeze According to a social media exchange on August 23, the embattled cryptocurrency payment processor is facing fresh criticism after it failed to allow a $100,000 Bitcoin 00 donation […]

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US Government Vague On Bitcoin Role In Fentanyl Drug ‘Epidemic’

The US government has singled out cryptocurrencies including Bitcoin as a funding mechanism for the ongoing trend for smuggling the drug fentanyl. FinCEN Advisory Mentions Cryptocurrencies In an advisory issued on August 21, the Financial Crimes Enforcement Network (FinCEN) highlighted the use of “convertible virtual currency” (“CVC”) in facilitating the black market. According to the […]

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Mainstream News Trumpets Bitcoin, Gold as Global Recession Hedge

By CCN Markets: As the fear of an upcoming global recession is continuously surging, the interest in safe haven assets, like bitcoin and gold, is growing too. And now a major Australian news publication deems the two decent investments to hedge against turbulent world market. The dreadful case of stock market selloffs & negative-yielding bonds […]

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Crypto Market And Bitcoin Approaching Resistance: ETC, BCH, EOS, TRX Analysis

The total crypto market cap is currently correcting higher towards the $268.0-$270.0B resistance. Bitcoin price is also approaching towards a major resistance near the $10,200 and $10,250 levels. EOS price recovered more than 5% and it is now trading near the $3.650 resistance. Ethereum Classic price rallied close to 20% and broke the $7.00 resistance […]

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Bitcoin (BTC) Price Near Inflection Point: Bears Remain In Control

Bitcoin price is currently correcting higher above the $10,000 resistance against the US Dollar. The price is facing many key resistances near the $10,250, $10,300 and $10,400 levels. There is also a connecting bearish trend line forming with resistance near $10,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price […]

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U.S. Treasury Discloses Bitcoin and Litecoin Addresses of Alleged Chinese Drug Smugglers

According to a press release dated August 21, 2019, the U.S. Treasury Department has blacklisted three Chinese citizens and one Chinese Entity for allegedly leading an online-based drug trafficking organization that was smuggling opioids inside the US. Criminals have been blacklisted and personal data have been disclosed including several bitcoin addresses and one litecoin address. […]

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Mark Your Crypto Calendars, Here Are Bitcoin Dates To Watch

Any good investor, trader, or financial analyst – be it Bitcoin, crypto, or traditional financial markets – conducts due diligence such as fundamental analysis and technical analysis before and while taking a position, to minimize risk and maximize reward. As part of this analysis, oftentimes, analysts also look for important dates that news might break, […]

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Bitcoin Price Struggling at $10K as Analysts Warn of 2018-Style Dump

Bitcoin’s short-term outlook has turned decidedly bearish after a week of sideways action. Bitcoin (BTC) price was testing support at $10,000 Aug. 22 as the largest cryptocurrency fluctuated between four and five figures. Market visualization. Source: Coin360 Difficulty must touch floor before Bitcoin price moons Data from Coin360 showed BTC/USD crossing the $10,000 mark multiple […]

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Buyers Not Found: Bitcoin Price Back Below $10,000

Following a strong rally back toward $11,000 that was stopped roughly $50 short, Bitcoin price has now broken back below $10,000 yet another time during the month of August. While Bitcoin price has been on a bull rally throughout most of 2019, bringing investors who bought the bottom over 300% returns at its peak, it’s […]

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Bitcoin Could Get Stuck in $8k-20k Range Endlessly: Bloomberg Analyst

Bitcoin could get remain stuck in a price range defined by $8,000 as support and $20,000 as resistance, believes Mike McGlone of Bloomberg Intelligence. The senior commodity strategist on Tuesday said bitcoin price is in an “extended hibernation” state because more people are storing the cryptocurrency like gold instead of trading it on the spot […]

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Bitcoin Bias Flipping to Extremely Bearish: Analyst

Trading signals for Bitcoin are turning ‘extremely bearish’ as the cryptocurrency’s wild upside of HY2019 comes close to its exhaustion. According to market analyst Chonis Trading, the moving average convergence divergence (MACD) oscillator on bitcoin’s weekly charts is looking to flip to indicate its bearish bias. The indicator is one of the most popular ones […]

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