Blockchain startup Hedera Hashgraph (HBAR) are facing flak on Twitter. Some reports have claimed nodes have been dropped and there are accusations of bullying its community into not using the Hedera logo. This article has been updated based on a brief correspondence with Hedera’s SVP of Communication. Hedera Says Its Nodes Aren’t OfflineThis morning it was…
The number of traders who had bullish positions on bitcoin is declining. And it could be significant in determining the cryptocurrency’s next big move.Charts on the Bitfinex exchange earlier showed an almost parabolic rise in long positions, showing that investors expected to profit from a rise in the bitcoin price.Between November 23 and December 23,…
Bitcoin (BTC) has had quite a quiet past few days, flatlining in the low-$7,000s in the wake of Christmas. Analysts say that despite this lull, the cryptocurrency is starting to show signs of wanting to break higher.Analyst Mexbt remarked that he thinks that the cryptocurrency will soon “test the weekly and monthly open,” meaning the…
Earlier this month, Bitcoin (BTC) plunged as low as $6,400, marking a new multi-month low for the leading cryptocurrency. But as fast as the crypto dropped, it reversed, with BTC surging to $7,700 just last weekend on the back of bulls looking to buy in the $6,000s.Related Reading: Why Bitcoin Network’s Record 2019 Is Bullish…
If you’ve followed the Bitcoin and cryptocurrency space at all over the past few years, you likely know of the term “HODL,” A misspelling of the word “hold,” HODL is an industry joke used by cryptocurrency investors who believe that the price of BTC will appreciate with time, primarily due to adoption and the asset’s…
Earlier this month, the one-week Bitcoin chart printed an extremely bullish sign: the golden cross of the 50-week and 100-week simple moving averages, with the former crossing above the latter. (As an aside, a golden cross is when a short-term moving average crosses over a long-term one to imply bulls have control.)Related Reading: Bitcoin Poised to Collapse…
At the heights of last year’s so-called “hash war,” Bitcoin SV founder Craig Wright had threatened to crash rival cryptocurrency bitcoin to $1,000.The threat itself came from the claim that Mr. Wright is Satoshi Nakamoto, the pseudonymous creator of bitcoin – and that he holds billions of dollars worth of the benchmark cryptocurrency. Mr. Wright…
Offbeat asset bitcoin is having a difficult time attracting investors during this Christmas holiday.The benchmark cryptocurrency, which is still up by more than 100 percent on a year-to-date (YTD) scale, plunged by up to 8.27 percent this week. On Friday, bitcoin established a fresh weekly low of $7,053.32. At its highest, it was trading at…
The past few months haven’t been too kind to Bitcoin. Case in point, since peaking at $14,000 this June, the cryptocurrency has fallen by 50%, tumbling as low as $6,400 due to selling pressure from PlusToken and weak hands.Despite this strong retracement, a popular analyst is convinced that the future is bright for BTC. He…
Last year’s holiday season wasn’t the best time for Bitcoin holders. For those who missed the memo, in November and December of 2018, the leading cryptocurrency tanked, falling off a proverbial cliff as investors capitulated, liquidating their BTC holdings in search of greener pastures. In fact, within a four week period, Bitcoin had entirely capitulated,…