The economics of Bitcoin (BTC) is a touchy subject. Case in point, debates regarding the subject matter are the catalyst for some of the project’s leading forks. And while discourse regarding the subject has dissipated, especially as Craig Wright and Roger Ver have gone on their merry way, the long-term sustainability of Bitcoin’s consensus mechanism…
After Friday’s straight out of left field rally, analysts have begun to express optimism for the first time in a blue moon. In fact, one industry insider claims that technical analysts centered on Bitcoin (BTC) are switching gears from bearish to bullish. But will their forecasts hold up? Related Reading: Analyst Claims That Bitcoin (BTC) Could Surge…
In a matter of weeks, the demise of QuadrigaCX, once Canada’s largest Bitcoin exchange, has reached the front pages of mainstream media outlets worldwide. Bloomberg, Reuters, and Fox Business are among the mass of notable outlets that have covered this debacle. While their coverage of this situation has brought things to light that should be known, relatively…
Following the positive volatility the markets experienced on Friday, Bitcoin (BTC) has been able to find stability in the $3,600 region, signaling that bulls are not ready to surrender the cryptocurrency’s recent price gains. Now, one analyst is claiming that Bitcoin may surge as high as $5,000 in the coming weeks, as the cryptocurrency begins…
Although undoubtedly Bitcoin rose to worldwide fame and glory in late-2017, institutions have been slow to make a bonafide foray into this asset class. In fact, effectively zero preeminent Wall Street funds have divulged that they have taken active stakes in cryptocurrencies. Many traditionalists would argue that this is for good reason, but crypto’s enthusiasts have…
When you think of nations with a notable Bitcoin ecosystem, many crypto investors would immediately think of the U.S., Malta, Singapore, Japan, and South Korea. Yet, many draw little attention to the Philippines, a nation that is seemingly filled to the brim with cryptocurrency users. A large financial institution based in the Philippines made a notable pro-crypto move…
Bitcoin price formed a significant support near the $3,345 level and jumped sharply against the US Dollar. There was a break above a crucial bearish trend line with resistance at $3,380 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair rallied above the $3,400 and $3,500 resistance levels to move…
While 2018’s lethargic crypto market crawl has continued into early-2019, save for Friday’s sudden buy-side influx, analysts have begun to express optimism. Case in point, Fundstrat Global Advisors, a New York-headquartered investment advisory outfit, expressed why the outlook for Bitcoin and other cryptocurrencies could improve over 2019. Fundstrat Expects Bitcoin Fundamentals To Improve In a…
Ari Paul, the managing partner of crypto asset investment group BlockTower, recently took to Twitter to make an intriguing claim: Bitcoin (BTC), the asset, is bigger than its own underlying blockchain. You heard that right. The industry insider, formerly of the University of Chicago’s portfolio and Susquehanna International, explained his reasoning behind this claim, and…
Bitcoin (BTC) has held steady above $3,600 after yesterday’s upwards surge that sent it climbing from lows of $3,400 to highs of $3,700. Although often times these upwards price movements are typically followed by a cool-off period that results in Bitcoin surrendering a portion of its gains, BTC has held steady at its current price…