Things have been busy in crypto land this week and the big debate over Bitcoin’s block size has only just been usurped by JP Morgan’s attempt to launch its own completely centralized crypto coin. The block size issue is an important one so we’ll delve a little deeper into that. Another Crypto Conflict Imminent? Bitcoin…
Since the crypto markets witnessed a large price swing last Friday, they have been gradually drifting downwards, with Bitcoin (BTC) expressing some levels of stability in the low-$3,600 region. This stability may not last long however, as BTC short positions are rapidly dropping while long positions climb, which may signal that bulls are getting overly…
It now appears that Bitcoin (BTC) is once again caught in an incredibly tight trading range in the low-$3,600 range. Bitcoin has seen extended periods of sideways trading on multiple occasions, and they are historically proceeded by large price swings in either direction. Despite this bout of involatile trading, BTC saw a massive trading volume…
Nasdaq may have just removed one of the most significant barriers before a potential cryptocurrency adoption. The US stock market exchange on Monday announced two cryptocurrency indexes which provide real-time spot or reference rate for Bitcoin and Ethereum. Dubbed as the Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX), both the indexes extract price…
Binance, the world’s leading cryptocurrency exchange by volume, is also doing great in terms of profitability, its chief financial officer told CNBC. The statement follows one of the most extended bear phases in the cryptocurrency market, during which the industry lost almost one-third of its valuation. The depressive trend prompted many small and medium-size crypto…
Founder and chief executive officer at Galaxy Digital, Mike Novogratz, recently appeared on Bloomberg TV to discuss crypto and Bitcoin. Acknowledging the crypto crash, he remains bullish and expects another rally to come soon. Bitcoin Will Become Digital Gold The main focus of the interview was the involvement of major institutions in the crypto space.…
Bitcoin price stayed above the key $3,560 support area, with range moves against the US Dollar. This’s week’s followed bearish trend line is intact with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could gain bullish momentum if there is a proper close above $3,590 and…
Since Bitcoin (BTC) made its large upwards swing last Friday, it has been able to hold steady above its support level at $3,550, bouncing back into the $3,600 range each time this price level is touched. Importantly, its ability to hold above this price level signals that the cryptocurrency’s bulls are not yet ready to…
A group of online criminals from Turkey have been detained by local authorities on suspicion of hacking a domestic cryptocurrency company. Those behind the security breach are thought to have used the popular video game PUBG to communicate prior to the attack. The Turkish company has had around $2.47 million taken from it in the hack.…
Bitcoin (BTC) has been pitched as peer-to-peer electronic cash, a store of value, a disruptor of traditional financial instruments, and a way to free the world from the shackles of the government’s control over current fiat monetary system. Given its potential to change the world as we know it, much like the Internet did over…