Key Points Bitcoin price started a major downside move after it failed to break the $4,600 resistance against the US Dollar. There is a new bearish trend line in place with resistance at $4,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently in a bearish zone and…
French cryptocurrency platform Keplerk has partnered with tobacco shops in the country to start offering Bitcoin to customers from early next year. French regulators and the Central Bank of France have warned consumers about the risks associated with investing in digital currencies. Tobacco Shops First Brick and Mortar to Sell Bitcoin in the World, Says Keplerk Keplerk,…
As crypto has nosedived, mainstream financial media outlets, like Bloomberg and CNBC, have interestingly escalated their coverage of this juvenile market. While CNBC has evidently sensationalized Bitcoin’s dismal performance, circulating a Fast Money segment misleadingly titled “Cryptos [Are] In a Financial Crisis,” Bloomberg’s Joe Weisenthal recently began a push to bring some rational thinking to…
If central banks issue their own digital currencies, then it would destroy cryptocurrencies like Bitcoin, wrote Nouriel “Dr. Doom” Roubini in his latest column. The article, titled “Why central bank digital currencies could destroy crypto,” saw the American economist building up his rants against the cryptocurrency space. He had earlier called Bitcoin “a mother of…
Since the crypto industry’s monumental rise to prominence on a planetary stage, pundits and consumers alike have sought to predict where Bitcoin (BTC), a mechanism to achieve financial freedom, is bearing. While some have succeeded, by luck or other means, other wannabe soothsayers haven’t seen an ounce of success, to put it lightly. Regardless, in…
As investor confidence in the long-term validity of Bitcoin being adopted by the mainstream as a means of payment and exchange fades, so has its real-world usage as such. Bitcoin’s Real-World Usage as Means of Payment in Decline Bitcoin was created by the mysterious person or group known as Satoshi Nakamoto 10 years ago in…
After a day of widespread losses, the cryptocurrency markets appear to have found some stability at their current levels, and one analyst believes that Bitcoin in particular is nearing a buy zone that could prove to be highly lucrative for investors. At the time of writing, Bitcoin is trading down 4% over a 24-hour period…
Following the cryptocurrency market’s foray down to fresh yearly lows, investors are becoming increasingly alert to news regarding upcoming institutional-aimed products, including that being offered by Bakkt. On the heels of Bakkt’s recent decision to delay their platform’s launch until late-January, 2019, the company released an update on their Twitter account informing the public about…
Oh, the timing… Amid a crypto bear market sell-off, which sparked Bitcoin’s foray under $4,500, one of this industry’s most-awaited, to-be-launched platforms have claimed that it will be formally delaying its launch. This announcement, frankly, couldn’t have come at a worse time. ICE-endorsed Bakkt “Target” January Release For Crypto Futures Since the announcement of Bakkt…
Key Points Bitcoin price extended losses and traded close to the $4,000 support against the US Dollar. There was a break above a major bearish trend line with resistance at $4,451 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price seems to be preparing for an upside correction towards the…