June 1, 2020
Spot bitcoin price was up 1 percent as the U.S. futures recovered sharply on Sunday evening. The S&P 500 mini had opened lower amid uncertainty about the effect of riots in major U.S. cities. Bitcoin laggingly tailed the futures to fall below $9,400 but rebounded as risk-sentiment restored. Its next price target is $10,000. Bitcoin and the S&P 500 mini fell and recovered in sync on Sunday evening – with a minor lag between their moves. The benchmark cryptocurrency slipped to $9,369 a token as of 1905 ET. The southward move came as a part of a broader correction from bitcoin’s weekend session top near $9,764. So it appears, day traders sold the local high to secure short-term profit, which caused the $300 blip. Just an hour before bitcoin fell below $9,400, futures linked to the S&P 500 opened lower by […]
June 1, 2020
Yasuo Matsuda of FXCoin sees the economic sanctions on Chinese traders in the midst of the pandemic as more likely to drive them to Bitcoin.
June 1, 2020
Updating its popular BTC price model, crypto analyst PlanB predicts the cryptocurrency could see a rally to $100K by 2021.
June 1, 2020
Just over an hour ago as of this article’s writing, Bitcoin closed the price candle for the month of May. This was a very important technical event for the cryptocurrency, analysts have said. And fortunately for bulls, BTC closed above a crucial region of resistance that would have otherwise restricted the asset’s potential upside. Bitcoin Closes Above $9,360, a Key Level Prior to the monthly close, there were analysts pointing to the low-$9,000s as a crucial region to watch. One “full-time scalper” shared the analysis below hours out from the May close, drawing attention to $9,360 in particular. According to him, this level is important because BTC hasn’t closed above it in nearly 12 months, though has been rejected at the level on a number of occasions: “We’ve not had a Monthly close above 9360 in nearly 12 months. Rejections […]
June 1, 2020
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske, Santander, Lloyds, and Bank of Scotland. The government has also proposed adding other types of assets that can be seized, such as insurance policies and share proceeds. Government Unlocks Funds From Dormant Accounts The U.K. government announced last week that “£150 million [$185.74 million] from dormant bank and building society accounts is to be unlocked to help charities, social enterprises and vulnerable individuals during the coronavirus outbreak.” Culture Secretary Oliver Dowden detailed that “This includes accelerating the release of £71 million of new funds from dormant accounts alongside £79 million already unlocked that will be repurposed to help […]
June 1, 2020
Goldman Sachs attacks crypto, why Bitcoin may be wandering into a bull trap, and how Libra is going to make money.
May 31, 2020
Ever since the peak of the 2018 crypto bull market, Bitcoin has been front and center for most investors. Bitcoin dominance — the percentage of the cryptocurrency market made up of BTC — has doubled from the 33% lows, while a number of altcoin projects have died out due to funding issues and a lack of public interest. Even still, there remain thousands of projects cumulatively worth dozens of millions promising to be the “next BTC” or something along those lines. But according to Max Keiser, the host of the “Keiser Report” on RT and one of the earliest Bitcoin bulls,” these projects have no intrinsic value. Bitcoin Is Still Stronger Than Altcoins Speaking in a recent interview with London Real, Keiser doubled down on his long-held sentiment that altcoins provided little (if any) value over Bitcoin. In response to […]
May 31, 2020
A growing number of crypto exchanges are offering futures trading for Bitcoin and altcoins, can retail investors capitalize on this powerful instrument?
May 31, 2020
Bitcoin and the rest of the crypto market have performed extremely well over the past few days, bouncing 10% from last weekend’s correction lows. Though one cryptocurrency has been dramatically outperforming all the rest: Ethereum. The second-largest cryptocurrency and foremost altcoin was up 10% on Saturday, surging higher on the back of an influx of buying pressure. It was a move that allowed Ethereum to break past a crucial resistance. Although Bitcoin has yet to follow Ethereum higher, analysts say that ETH’s strength could drag the rest of the market higher. Ethereum’s Strength Could Boost Bitcoin One prominent trader asserted that ETH’s ability to continue to “hammer” past key resistances is adding fuel to the Bitcoin bull case: “ETH continues to hammer up, dragging BTC past a $10k breakout. That adds fuel to ETH until ETH has gone fully absurd. […]
May 31, 2020
Cryptocurrency exchanges are often centralized, ensuring that users are never in control of their own holdings. New solutions need to be found, and it appears that NebliDex has some ideas as to how the future of trading should look. Putting users in full control of their assets is a core aspect of cryptocurrency. For some reason, most traders are more than willing to let third-party companies take care of this aspect on their behalf. A big Step Forward for DEX Enthusiasts Given all of the shenanigans, outages, hacks, and thefts affecting centralized exchanges, it becomes apparent that something needs to change. Decentralized trading solutions, or DEXes, are often touted to be the next logical step in the evolution. So far, there has been some progress to ensure that a DEX would work as advertised. Newly launched project NebliDex is a […]
May 31, 2020
Remote work in the COVID-19 economy has boomed in both popularity and necessity. But even before COVID-19 hit the world and sent millions to work from home, many people were still working remotely. A number of big reasons are driving remote work. The Great Recession forced many U.S. companies to close down office space and push employees to work from home. New developments in technology such as messaging apps like Slack, video conferencing platforms like Zoom, and project managing apps like Asana are all contributing to make remote work easier for employers and employees. Removing commute times and letting employees live where they want, including lower cost areas, make remote work more convenient and cheaper than a traditional office building. Remote workers love their jobs so much that nearly all of those who are currently working at a remote job […]
May 31, 2020
The art of enacting legislation in a timely fashion requires strong cooperation between regulators and industry officials.
May 31, 2020
Ethereum posted an intense breakout rally yesterday that allowed it to set fresh local highs This rally came about rather suddenly, with it coming about prior to any movement seen by Bitcoin or the aggregated crypto market Analysts are now noting that this uptrend may start to falter in the days ahead, as it is currently repeating a pattern that is strikingly similar to that seen in months past This potential weakness comes as Ethereum’s options see rocketing volume, signaling that ETH is likely to see heightened volatility Ethereum’s recent uptrend allowed it to post massive gains, climbing from the lower-$200 region to highs of $250. The cryptocurrency’s momentum has stalled a bit as of late, which could be a sign that buyers overextended themselves throughout the course of this latest movement. It now appears that this upswing came about […]
May 31, 2020
During the last six days, America has been feeling the wrath of a myriad of protests and riots in nearly every major city across the nation. The U.S. is experiencing an uprising like never before, but some of the protests and demonstrations could be more peaceful. Acts like not voting for the political class, and using alternative monies like bitcoin can go a long way when it comes to civil protest. America Is on Fire, Governors Invoke Curfews, National Guard Deploys, and Martial Law Starts Trending on Twitter The protests have become unruly and that is because law enforcement has attacked crowds of innocent peaceful protesters, there are hired groups of inciters there to start violence, state provocateurs have been caught on camera inciting violence, and people are fed up with the decades of police brutality. However, there are other […]
May 31, 2020
The altcoin market capitalization has steadily risen over the past few days, suggesting that the short-term price action has shifted away from Bitcoin.
May 31, 2020
John McAfee dismissed his earlier prediction of future Bitcoin price, telling people to “wake up.”
May 31, 2020
The crypto industry has the best historical moment to change the discourse about crypto and its reputation into a successful innovative tech sector.
May 31, 2020
Bitcoin has seen some incredibly mixed price action as of late, with BTC struggling to garner any notable momentum as it approaches its heavy resistance $10,000 This resistance has proven to be insurmountable on multiple occasions throughout the past several weeks and months One analyst is now noting that BTC’s ongoing rally up towards the five-figure price region is strikingly similar to that seen in months past Three factors signal that this rally could be fleeting in the days and weeks ahead Bitcoin and the aggregated crypto market have entered a firm consolidation phase over the past few days as it struggles to garner any notable upwards momentum. It has been able to stabilize within the mid-$9,000 region, but the resistance laced between $9,700 and $10,000 has proven to be insurmountable. One analyst is pointing to three primary factors as […]
May 31, 2020
Grayscale Investments has been gobbling up Bitcoin in recent months, and most of its investors are institutions — but other funds are doing it, too.
May 31, 2020
As decentralized finance becomes a principal focus for both investors and companies alike, custodians will ease their entry, making DeFi the future of finance.
May 31, 2020
Crypto artist sold his “I Can’t Breathe” art piece for crypto on a blockchain-backed social network.
May 31, 2020
In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of individuals to search for decentralized video sharing platforms, and one particular project called Lbry.tv has been gathering a lot of traction. Censored Youtubers Are Migrating to Lbry.tv Censorship is abundant these days, as many of the massive social media platforms and video sharing sites are censored and policed on a regular basis. Just recently, Bitcoin.com’s official Youtube account was warned for sharing a video about bitcoin mining and people witnessed mass censorship on Youtube caused by the coronavirus. Months before Covid-19, many crypto-focused Youtube channels […]
May 31, 2020
ZebPay teams up with Chainalysis to monitor transactions in India as the firm re-expands services in its home country.
May 31, 2020
The one who called himself Satoshi Nakomoto, created cryptocurrency so that anyone can keep their financial life untouchable and protected from the interference of others. However, requirements of customer disclosure put these principles at risk and ordinary users under threat of theft, extortion, and even kidnapping by bandits. Find out how you can protect yourself from this. Why Should Your Cryptocurrency Be Anonymous? To ensure the inviolability of personal financial information when creating cryptocurrency, Blockchain, which is a decentralized data storage system that can not be cracked, was taken as the basis. But the requirements of mandatory checks KYC / AML, then put forward by governments of many countries to companies operating with cryptocurrencies, do not contribute to maintaining the confidentiality of users personal info. The problem is that companies such as crypto exchanges are favorite targets for hacker attacks, […]
May 31, 2020
Here are the legal resources available to Indian crypto users and businesses if a bank has declined services out of cryptophobia.
May 31, 2020
Bitcoin price is up 25% for the month of May, but is a pullback now imminent?
May 31, 2020
Former chief of Russian Post local branch is arrested on suspicion of running a crypto mining farm inside the office for almost six months.
May 31, 2020
Amid this current crisis, the Bitcoin halving highlights core differences between fiat and crypto monetary systems and the distribution of power in both.
May 31, 2020
Although Ethereum is still over 80% below its all-time high price, the asset has registered extremely positive price action over recent months. From the March capitulation lows of $88, the asset is up over 175%. And in the past day alone, ETH is up 10%, outperforming basically all other cryptocurrencies in circulation. The recent uptrend has allowed Ethereum to print an extremely positive sign, according to a prominent crypto trader. He noted in the chart below that on Kraken, the Moving Average Convergence Divergence (MACD) on the one-month Ethereum chart has crossed bullish for the first time ever: “Monthly MACD finally crossed bullishly… and moving up across the zero line,” the analyst wrote in reference to the chart below. Chart of Kraken’s Ethereum market from analyst Dave the Wave. The chart shows that ETH’s long-term MACD has flipped bullish for […]
May 31, 2020
InCore bank becomes the first Swiss business-to-business bank approved by the financial watchdog to operate with digital assets.
May 31, 2020
Kingdom Trust, a regulated custodian managing over $13 billion in assets, wants to tokenize the more than 20,000 assets that it currently custodies.
May 31, 2020
An ongoing ransomware attack targets the public services infrastructure of Weiz.
May 31, 2020
Bitcoin remains far below the $20,000 all-time high it established at the end of 2017’s crypto mania. But this hasn’t stopped investors from being extremely optimistic about the cryptocurrency. One prominent analyst recently said that the asset is looking “super bullish” from a long-term perspective. His comments are especially notable as he is an analyst that has nailed the directionality of this market over the past year. In the middle of 2019, when BTC was surging past key resistances above $10,000, he called for a retracement to $6,400. He predicted that move correctly, nailing the bottom of the trend down to dollars. Earlier this year, the analyst suggested that the asset would rally to $11,000 before reversing towards the $8,000s and maybe even lower. This, too, was correct. Long-Term Outlook for Bitcoin Is “Super Bullish” The analyst in question is […]
May 30, 2020
Bitflyer showed 2019 losses, blockchain startup LayerX raised millions, and more headlined news from Japan this past week.
May 30, 2020
Cointelegraph has partnered with the WEF to integrate our crypto industry news and analysis feed to its Strategic Intelligence network.
May 30, 2020
In just a day, Bitcoin will close the May’s price candle. Analysts say that this close will be crucial for indicating in which direction the cryptocurrency market heads next. Analyst Eric “Parabolic” Thies, for instance, recently identified a level that bulls should close above to confirm that more upside is in the works. The Key Level to Watch for Bitcoin Heading Into May’s Close According to Thies, the cryptocurrency closing above the downtrend formed after the $20,000 high will be “incredibly significant for bulls.” The downtrend is currently at $9,300, which BTC trades above as of the time of this article’s writing. BTC chart from Eric “Parabolic” Thies, a crypto analyst and programmer. Although Thies believes the low-$9,000s is the region to watch, there is a key band of resistance around $10,000 too. Order book data for the BTC/USD market […]
May 30, 2020
Check out this week’s Bad Crypto News
May 30, 2020
Looking at the current Bitcoin price momentum, some cautious optimism appears to be warranted. Open interest on CME’s Bitcoin options seems to confirm as much, although no immediate push to $10,000 should be expected. Many people would like to see the value of Bitcoin hit five digits once again. Are Things Looking up for Bitcoin? When that happens, the world’s leading cryptocurrency may slowly begin moving to a new all-time high. If and when such a scenario will unfold exactly, remains to be determined. One factor that might give speculators some hope is the current open interest on CME’s Bitcoin options. That figure has reached an all-time high of $259 million, or an increase by nearly 1,900% since May 1st. This seems to confirm that institutional investors seeking exposure to Bitcoin are making a lot of money as of right […]
May 30, 2020
South Korean tech titan names Woong Ah-yoon as the head of their blockchain division.
May 30, 2020
Voted as the best hypothetical CEO for crypto asset Dogecoin, Elon Musk sent two fresh humans up through the stratosphere today.
May 30, 2020
The head of Ripple SBI Asia asserts that hashpower is migrating from east to west, however, notes that significant tensions remain between Chinese and U.S. mining firms.
May 30, 2020
The more that government stimulus protects the economic pillars, the more it will support the liquidity inflows to Bitcoin and other cryptocurrencies.
May 30, 2020
The aggregated cryptocurrency market has been struggling to spark a macro uptrend due to Bitcoin’s inability to break above $10,000 This has led it to form some heavy resistance just above its current market cap – with this level potentially being insurmountable in the near-term Analysts are also pointing to altcoins severe underperformance of Bitcoin in recent times, which could suggest that this potentially imminent market-wide decline will be brutal for smaller cryptocurrencies Bitcoin and the aggregated crypto market have seen their macro momentum stall throughout the past several weeks. This is primarily the result of BTC not being able to break above $10,000. This recent price action has led most major altcoins to woefully underperform the benchmark cryptocurrency, leading some analysts to note that it would require a massive shift amongst market participants in order for this trend to […]
May 30, 2020
Enjin announced the integration of EnjinCraft into the popular video game to boost its blockchain solutions for the gaming industry.
May 30, 2020
World’s top ecommerce firm Amazon filed a patent for a blockchain system that tracks goods as they move on the supply chain.
May 30, 2020
Bitcoin Cash (BCH) proponent Roger Ver says that he did not pay for a Hong Kong vending machine to avoid offering Bitcoin (BTC) as a payment option.
May 30, 2020
The Federal Reserve System was created after the “Panic of 1907” and ever since its inception in 1913, the Fed is one of the most powerful modern central banks in the world. Moreover, the Fed has always been either celebrated or criticized for stepping in whenever the U.S. is stricken with some kind of fear. During the coronavirus outbreak, the central bank has unleashed a massive number of monetary easing tactics, which has prompted editors from Wikipedia to add updated information to the Fed’s Wiki page. The central bank’s page now states: “[the] COVID-19 pandemic in 2020 [has] led to the expansion of the roles and responsibilities of the Federal Reserve System.” Panic at the Knickerbocker Trust – 1907 During the last few months, Americans have witnessed the power of the Federal Reserve’s shenanigans as the central bank has created […]
May 30, 2020
Bitcoin saw a sharp overnight rebound that allowed it to reclaim its position within the mid-$9,000 region This came about after a period of weakness as it traded within the lower $9,000 region It now appears that the crypto’s recent volatility has allowed it to form an incredibly bullish technical formation If it posts a breakout of this formation, the crypto could soon be trading at fresh yearly highs of around $12,000 Bitcoin and the aggregated crypto market have been caught within a macro bout of consolidation. BTC has been struggling to garner enough momentum to break $10,000, leading most altcoins to also fall into firm trading ranges. It now appears that the benchmark cryptocurrency could soon put a firm end to this, however, as multiple analysts are now pointing to the existence of an incredibly bullish triangle formation as […]
May 30, 2020
Cointelegraph reviews a digital art show inspired by a series of articles examining the space where cryptocurrency and climate change collide.
May 30, 2020
Using regulation to one’s advantage is the main factor of an innovative fintech business. The best way to achieve it is closely monitoring the shifting regulatory landscape.
May 30, 2020
Bitcoin price is looking to retake the key psychological level at $10,000, which may now propel BTC to multi-year highs.
May 30, 2020
China has passed the country’s long-awaited civil code which expands the scope of inheritance rights to include cryptocurrency, such as bitcoin. Inherited cryptocurrencies will be protected under the new law. Meanwhile, several Chinese courts have recently ruled that bitcoin and ethereum are properties protected by law. Inherited Cryptocurrencies Protected by Law The third session of the 13th National People’s Congress (NPC), China’s top legislature, voted on and passed the “Civil Code of the People’s Republic of China” on Thursday. In addition to general and supplementary provisions, the civil code ”includes six parts on real rights, contracts, personality rights, marriage and family, inheritance, and tort liabilities,” Xinhua News Agency reported. Noting that the decision to draft a civil code was announced in October 2014 and the legislative process started in June 2016, the news outlet detailed: [The new civil code] states […]
May 30, 2020
The wet season in Sichuan normally leads to a spike in Bitcoin’s hash rate. Will the same happen this year?
May 30, 2020
Emerging technologies such as blockchain can aid both medical practitioners and patients, who stand to gain the best from its implementation.
May 30, 2020
As the number of cryptocurrency projects continues to grow, it’s becoming harder for teams to rise above the rest and incentivize investors and users to flock to their platform. There are several strategies teams have adopted to cultivate activity. One is airdrops, where projects simply give away tokens for free. While some might ask users to perform a specific action, like joining a Telegram community, others don’t require users to do anything other than hold a particular amount of Bitcoin or Ether. And there are a lot of other activities are happening regularly. For example, Alistair Milne is willing to give away 1 BTC for solving a Twitter puzzle. Some projects also choose to pay token holders a percentage of their revenue or turnaround to attract attention and reward those who have staked cash to a platform or idea. Staking […]
May 30, 2020
Hong Kong, 30 May, 2020 – ViaBTC Group, an innovative technology company specialized in blockchain and dedicated to providing users with comprehensive digital asset management services, today announced a strategic upgrade, which included a new organizational structure, product innovations and service improvements. As part of the change, the Group has established three dedicated business units (BU): the financial services BU, consisting of ViaBTC mining pool and CoinEx exchange; the infrastructure services BU, including ViaWallet and Blockchain Explorer; and the ecological development BU, focusing on the research and development of public chain technology and the construction of the ecology. “This new streamlined structure will empower our next phase of evolution by further aligning the group’s activities with the development of customer solutions,” said Eddie Jiang, VP of the Group. “Operations of CoinEx exchange and ViaBTC mining pool will be integrated, deriving […]
May 30, 2020
Search patterns head lower, indicating that the halving is no longer driving interest in Bitcoin as price action centers on $9,500.
May 30, 2020
Alongside the internet, cryptocurrencies have made the world a global village. Here is a list of countries that are ideal for crypto enthusiasts to live in.
May 30, 2020
Bitcoin remains below key resistances, but this hasn’t stopped investors from becoming extremely bullish on the asset. Key on-chain data indicates that the propensity that Bitcoin investors have to hold their coins is almost at all-time highs. Along with accentuating the optimism of crypto-asset holders, this is also a similar trend seen at the start of the 2017 bull market. Key On-Chain Data Shows Bitcoin on Bull Run Footing Blockchain analytics firm Glassnode recently found that 60% of all BTC in circulation “hasn’t moved in over a year, showing increased investor HODLing behavior.” The last time this much of the cryptocurrency was frozen was “right before the BTC bull market of 2017,” prior to the 2,000% rally that took Bitcoin from $1,000 to $20,000. Chart of Bitcoin investor habits from crypto analytics firm Glassnode (@Glassnode on Twitter). The image was […]