Key Points Bitcoin price declined and retested the $6,200 support before recovering sharply against the US Dollar. There was a break above a major bearish trend line with resistance at $6,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may correct a few points, but it could find support…
Bitcoin, the original cryptocurrency, has had a tough year, and is presently resting on its $6,200 support level as it celebrates its 10th birthday. Despite having a fundamentally successful year filled with countless examples of increasing adoption, the markets are still weak, and have been unable to break through their September highs. At the time…
Today, on October 31st, 2018 — a date that many decentralists have been clamoring for — Bitcoin, the world’s first internet-connected autonomous network, has officially reached the youthful age of 10. While Bitcoin has been lauded as a resounding success in recent years, initially, as covered in this series’ previous edition, “Bitcoin Turns 10: A…
In investing, what is comfortable is rarely profitable and several findings support this popular claim. Back in 2014, a study The Digital Dividend-First Mover Advantage, published by Harvard Business Review Analytic Services and sponsored by Verizon Enterprise Solutions, found that early adopters of technology—in finance or otherwise, are more likely to experience better business outcomes in…
Markets have found a new level for now; Dash, OmiseGO starting to recover, Revain dumping still. Crypto markets seem to have found another plateau for the time being. Yesterday’s big dump stopped just above $200 billion total capitalization and markets have remained at that level today. Bitcoin has found support above $6,300 for now and…
A poll conducted by IT firm Clovr has found that 60 percent of participants who are eligible voters are in favor of legalizing cryptocurrency donations in federal elections in the U.S. A number of states have already restricted or ruled against such donations and the Federal Elections Commission (FEC) accepts cryptocurrency as in-kind contributions limited…
A LocalBitcoins seller pleaded guilty of operating an illegal money transfer business in a Southern California federal court earlier today. The defendant admitted to buying thousands of Bitcoin over a 16-month period and selling them through the popular peer-to-peer marketplace without the correct licence to do so. Bitcoin Dealer Agrees to Forfeit Over $820,000 According…
Just one week ago, Indian officials arrested the co-founder of an Indian cryptocurrency exchange, Unocoin, for operating a Bitcoin ATM kiosk which the police called “illegal”. One of Unocoin’s co-founders has now given a recount of his arrest in a recent interview. The Unocoin co-founder’s arrests were largely publicized and was seen by many as the…
Coincheck, the Tokyo-based cryptocurrency exchange victim of a $500 million worth theft, has resumed new account openings, customer deposits, and purchasing of some digital currencies. The operator had suspended some services following the late January incident in order to protect customers’ assets and investigate the cause of hacking. Coincheck Exchange Resumes Trading of BTC, ETC,…
As Bitcoin adoption increases, a new study published Monday by Nature Climate Change warns that energy-demanding Bitcoin transactions would easily sling the global temperature past the 2-degree threshold set under the Paris Climate Agreement. But, is it true that Bitcoin is this energy inefficient that the mainstream media portrays? While Bitcoin’s precipitous rise has been…