Bitcoin Price in a $300 range mode ShapeShift bombarded with US DoJ subpoenas in Q4 2018 Transaction volumes dip, moving averages slide from 18k to 14k in four days Participation levels are low, and with drying transactional volumes, BTC prices are ranging. However, with a flurry of subpoenas, exchanges are wary. All in all, we…
The long-running bearish sentiment of cryptocurrency market has claimed another victim. Giga Watt, a US-based Bitcoin mining firm, sent an email to its customers, stating that it has decided to close down operations. The company clarified that it had lost access and power to its mining facilities because it didn’t have adequate funds to continue the…
It goes without saying that 2018’s bear season savaged the broader crypto industry. Investors lost faith, Wall Street seemingly pulled out, and entire startups collapsed as financial pressure mounted, catalyzed by a collapse of the Bitcoin price. Yet, ambitious venture groups continue to seek financiers en-masse, as arguably, bear markets are an optimal time for…
Since Bitcoin began to pick up steam in 2016, the network, coupled with its core developers, has been criticized by cynics en-masse for its inability to scale. And while evident strides are being made, with solutions like the Lightning Network and Segregated Witness seeing rapid adoption, innovators have still sought to one-up the world’s first…
Bitcoin price declined again and tested the $3,550 support area before recovering against the US Dollar. There was a break above a major bearish trend line with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently showing positive signs above the $3,600 support level, with…
Coming off of a relatively volatile week, the cryptocurrency markets are currently seeing a bout of sideways trading, with Bitcoin steady in the $3,650 region and most altcoins trading sideways. It is important to note that Bitcoin is still respecting the $3,500 region as a level of support, but its lack of buying pressure signals…
While Bitcoin (BTC) and a majority of cryptocurrencies, save for Augur’s REP, have remained in a mundane price lull to start 2019, this industry’s upstarts have forged ahead. Grayscale Investments, a self-proclaimed “global leader in digital asset management,” recently launched an investment vehicle centered around Stellar Lumens (XLM) in a seeming bid to spark Wall…
Bitcoin price ranging, up $700 million in the last 10 Hours Federal Reserve Bank of St Louis research confirms there is BTC demand Transactional volumes low. Drops from 18k to 15k in three days Market participants are optimistic and for good reasons. Candlestick arrangement points at bulls, and as prices swing between Jan 14 high…
On January 16, the world’s largest crypto exchange by daily volume Binance launched a crypto-to-fiat trading platform in Jersey, enabling British pound and euro trading pairs with Bitcoin. Within less than 24 hours following the launch, Binance CEO Changpeng Zhao (CZ) has said that the exchange is already overwhelmed with registrations. CZ said: “Binance.je is…
It’s no secret that many relatively new investors in the cryptocurrency markets have seen massive monetary losses that have resulted from the persisting bear market that first began in late-2017 when Bitcoin began falling from its highs of nearly $20,000. The realized losses that resulted from this drop, however, are tax deductible in the United…