Following on from the recent price pump, optimism has returned to the markets. And once again, price is at the forefront of everyone’s mind. In consideration of this, Civic CEO, Vinny Lingham raised a pertinent point on the validity of altcoin prices. In his tweet, he states that price increases should come from improvements at…
Bitcoin price is slowly moving higher towards the $5,300 and $5,360 resistances against the US Dollar. The price is placed nicely in an uptrend and it could gain strength above $5,360. Yesterday’s highlighted significant ascending channel is intact with support at $5,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
If you visit just about any crypto news publication today, you will see at least one story detailing the recent news that the Chinese government is considering a blanket ban on Bitcoin mining. Perhaps testament to the world superpower’s repeated clampdowns on various aspects of digital currencies (exchanges and ICOs, in recent memory), the price…
China is home to the vast majority of cryptocurrency miners, as the country is privy to extremely low energy costs compared to the rest of the world. But as Bitcoin price finds new life, lawmakers in the country are considering banning crypto mining among 450 other activities that are deemed to be unsafe, wasteful of…
Bitcoin prices stable above $5,000 NDRC of China propose Bitcoin and cryptocurrency mining China’s National Development and Reform Commission (NDRC) of the opinion cryptocurrency and Bitcoin (BTC) rigs don’t adhere to relevant laws and regulators, pollute the environment and unsafe and therefore propose a ban. If that is the case, the network’s hash rate will…
Ledger, one of the longest standing crypto industry startups, has been hard at work in this ongoing Bitcoin bear market. In spite of the company’s tight-packed schedule, NewsBTC got the lucky chance to sit down with President Pascal Gauthier and Head of Asia-Pacific Benjamin Soong to talk about an array of subjects: building out infrastructure…
The arguments for a big market correction are gaining strength. As Bitcoin approaches another heavy resistance barrier buying pressure is likely to diminish as previous charts have shown. If and how far it will fall remains the big question this week. Bitcoin Approaching 50 Week MA When Bitcoin broke through the 200 day moving average…
Bitcoin has been able to maintain nearly all of its recent gains it has incurred over the past week and has been able to maintain stability around its monthly highs of $5,300. This positive BTC price action has led to an influx of capital into other cryptocurrencies, generating gains that have led many analysts to…
Beijing based Bitcoin mining hardware manufacturing giant Bitmain has announced the sales details for the company’s latest range of crypto-specific chips. According to the company, the Antminer 17 series will be capable of mining more than 50 trillion hashes per second. Sales will take place in two batches over the next two days. Shipping is…
The recent crypto market surge has led most individual altcoins to see some hints of individual trading patterns separate from that of Bitcoin, although their trend has overwhelmingly been subject to which direction BTC moves. The uniqueness of the recent trading activity has led one major crypto fund to shift its exposure to multiple major…