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Bitcoin has spent the past two weeks consolidating just below the 200 day moving average. So far it has managed to cling to support above $8,000 but a big move could be coming soon so which way will it go next? Bitcoin Trading Range Tightens Another day has seen Bitcoin bounce between $8,300 and $8,400…
Bitcoin miners operating from the hydropower-rich Chinese province of Sichuan are increasing the carbon footprints in the area, according to a rival cryptocurrency enthusiast. "But Bitcoin Mining is done with clean energy." No, it is not. In LCA, the mix of the grid should always be used, as long as it is not self-generated. There…
Jack Ma, founder and CEO of Alibaba Group Holding, has said that the blockchain is meaningless if it can’t transform the manufacturing industry and society. Alibaba Jack Ma Expects Blockchain to Create a Greener, More Inclusive Society Chinese e-commerce giant Alibaba, trading at the New York Stock Exchange with a market capitalization of more than…
Yesterday, it emerged that some unknown prankster has bought the domain “Loser.com” and had it automatically forward to Craig Wright’s Wikipedia page. Today, it turns out that someone has performed the exact same prank on the controversial Bitcoin SV proponent using a much more offensive domain. The trolling comes in response to Craig Wright’s efforts…
It has become increasingly apparent to crypto and Bitcoin investors alike that the 2018 bear market will persist throughout 2019, despite most investors previously thinking that the markets would start afresh in the new year. One prominent trader is now predicting that Bitcoin will drop below $3,000 in the near future as the markets continue…
Late weekend trading has resulted in another minor rally for Bitcoin which has just reached resistance at a two week high. Sentiment among traders and analysts has flipped bullish again as hopes of a ‘Santa rally’ return to crypto land.Bitcoin Adds Six PercentThe weekend has been a positive one for Bitcoin with another push upwards…
Instead of fazing institutions, the dismal performance of the crypto market and the continued maturation the industry backing has continued to attract well-established firms from across the globe. Most recently, a handful of Wall Street heavy hitters have downed the red pill, revealing that it is time for financial institutions, like themselves, to step out…
2018 has been a rough year for the crypto markets, with Bitcoin, the market’s largest digital asset by market cap, falling from highs of nearly $20,000 one year ago to recently established lows of just over $3,000. The tumultuous market conditions throughout 2018 have disheartened many investors and has led the industry as a whole to…
As the digital dust begins to settle from the Bitfinex and Tether fiasco analysts are looking for clues as to where Bitcoin prices could be heading next. Many have viewed the recent events as bearish and the instant reaction of crypto markets on Friday coupled with the media FUD storm appear to have confirmed it.…
Bitcoin dramatically recovered overnight on Friday as investors/speculators digested the prospects of central banks’ easing measures. The benchmark cryptocurrency established a session high of $10,309.84 on San Francisco-based Coinbase exchange. The move upside brought its gains up by as much as $723.98, or 7.55 percent, as measured from yesterday’s session low of $9,585.86. Elsewhere in…