Key Points Bitcoin price remained in a bearish zone above the $7,000 support against the US Dollar. There is a key declining channel forming with resistance at $7,600 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair has to stay above the $7,200 and $7,000 support levels to avoid a...
A massive anti-money laundering action has been carried out by the cyber department of the State Attorney’s Office. It filed an indictment, alleging that Hilmi Git had managed to commit more than 20,000 fraudulent transactions using Israeli credit cards, laundering the money through the Bitcoin network. 1,071 BTC Seized by Israeli Police Halmi Git, a resident of Hebron, has been accused of multiple offenses of credit card fraud, providing means for committing a crime, carrying
Key Points Bitcoin cash price remained under pressure and declined below the $1,000 support against the US Dollar. There is a monster bearish trend line in place with resistance near $1,060 on the 4-hours chart of the BCH/USD pair (data feed from Kraken). The pair is likely to decline further and it could even break...
Bitcoin price action continues to slide in favor of bears as the cryptocurrency dips below $8,000 for the second time in 7 days and a bear reversal is clearly in play. Market Overview ‘Rumour has it Bitcoin won’t see 10k anymore’ would serve as a suitable alteration to the chorus of Adele’s mega-hit, ‘Rumour Has It.’ It’s obvious that for the time being, bears are in full control of bitcoin price but this time it’s
On the subject of Bitcoin’s viability, there seem to only two conclusions. Either the number one crypto is either here to stay or it is just a fad. Thus, whether you support the “bubble” argument, the “currency of the future” notion or any other position, it all inevitably leads to the “boom or bust” conclusion or at least, so says Grayscale Investments managing director Michael Sonnenshein. Two Mutually Exclusive Bitcoin Future Outcomes According to Sonnenshein,
A scammer demanded $600 in Bitcoin for the safe return of a North Carolina woman’s dog, hours after the dog had already been found. Bitcoins and Basset Hounds Last weekend, Patricia Howell lost her basset hound, Happy. She quickly took to local online forums and in-town pet communities, posting pictures of the dog and her telephone number while asking people to call her right away if they had seen him. Within a few days, she
The Bitcoin ecosystem is set to undergo some major changes. One of the bigger upcoming developments is the Lightning Network. Over the past few months, thousands of new payment channels have been established, signalling a major step in the right direction toward mass adoption of this new technology. The Lightning Network Payment Channels Scaling Bitcoin...
Despite the steady decline in Bitcoin prices, the network hashrate continues to increase astronomically. Why are miners contributing more computing power to mine a cryptocurrency that has struggled over the past five months? Market analyst, Naeem Aslam believes the trend implies an upcoming price increase. Bitcoin Fundamentals and Market Indices at Odds with Each Other From an economic perspective, it makes no sense for miners to spend more money mining Bitcoins when the price continues
The price of Bitcoin has faced unexpected downward pressure in May as Consensus 2018 did not produce enough enthusiasm for a bullish move. Analyst Willy Woo said the virtual currency may only find its upside in Q3/Q4 2018. Until then, bulls may find bid opportunities at prices as low as $5,500. Bitcoin to Complete Downside...
Revolut, the London-based fintech firm, has added Bitcoin Cash and Ripple to its catalog of supported cryptocurrencies. Thus, customers will be able to buy the two added cryptos from the Revolut mobile app. This move signals the company’s desire to establish itself in the emerging cryptocurrency fintech market. Bitcoin Cash Added to the Mix Revolut was founded in London in 2015 as a fintech firm with a core focus on providing alternative digital banking solutions.
The Big 5 cryptocurrencies received a major boost on the 21st of May, when London based LMAX Exchange announced it will start offering on its exchange, the most liquid and established cryptocurrencies of Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC) and Bitcoin Cash (BCH). Crypto trading on the exchange is now a 24 hour […]
Cryptocurrency trading just became faster and easier than ever before with the launch of Wisebitcoin, the world’s first cryptocurrency trading service offering leverage levels up to 20:1 utilizing the MetaTrader 5 trading engine. KINGSTOWN, ST VINCENT AND GRENADINES MAY 26, 2018— Wisebitcoin is pleased to announce that their pioneering cryptocurrency trading platform is now up and running. The platform utilizes the MT5 trading engine and has earned the distinction of becoming the first ever crypto
Murphy’s Law states that “whatever can go wrong, will go wrong.” For Bitcoin Gold (BTG), this epigram appears to be spot on as the network recently fell victim to the dreaded 51 percent attack. Forensic Analysis of the BTG hack On May 18, Edward Iskra, the BTG communications director alerted the crypto community to the attack via a blog post on the Bitcoin Gold forum. According to Iskra: An unknown party with access to very
A young 13-old-year boy who had been kidnapped last Sunday in South Africa has been found safe and sound. His kidnappers had demanded a Bitcoin ransom of roughly $120,000. There is likely no greater fear for a parent than to have their child abducted and held for ransom. Far too often, such crimes end in tragedy. Fortunately for a young man in South Africa, his kidnapping has a happy ending. Grabbed While Playing Katlego Marite,
Niall Ferguson, author of ‘The Ascent of Money: A Financial History of the World’, has spoken out against initial coin offerings (ICO) because of the associated potential for fraud and scams. Rooting out Bad Actors in ICO Market Ferguson’s comments were said at a seminar recently held by the Bank of England, where he shared...
Matt Hougan of Bitwise Asset Management believes that the price of Bitcoin could increase by 500 percent in the next ten years. Hougan hinges his prediction on the cryptocurrency becoming an actual store of value and the blockchain permeating several facets of human life. Is Bitcoin a Store of Value? Finding a consensus on any argument related to Bitcoin is almost a futile effort at this point. There’s the bubble argument, the economic definition argument,
Fundamentals and development of Bitcoin Cash is not a problem. The issue we all have is the failure of price,-value-to reflect the effort of the community. Not only do we have a robust network that can scale and settle transactions faster, there is wide adoption of the coin from different payment providers and merchants. As...
A single satoshi, or one one-hundred-millionth of a bitcoin, is now worth nearly six Venezuelan bolivars – according to the ‘official’ rate. Not Worth the Paper It’s Printed On Unlike physical money or digital fiat, a bitcoin can be divided into much smaller fractions. The smallest possible unit, called a ‘satoshi,’ is 0.00000001 BTC, or one one-hundred-millionth, of a single bitcoin. Now – just seven months after the satoshi reached parity with the bolivar – Bitcoin’s
John McAfee makes another of his famous predictions, this time adventuring on a one-month time analysis for several events, including the behavior of various cryptocurrencies. In a tweet published on May 24, he mentioned that although his specialty is long-term predictions, this was a special occasion: My short term price predictions: in a major dip, […]
The overall percentage of Bitcoin transactions using Segregated Witness (SegWit) technology has climbed to all-time highs this week, approaching 40%. May Sees SegWit Spike Data from monitoring resource transactionfee.info reproduced on Twitter by investor and entrepreneur Alistair Milne shows steep growth in SegWit’s share beginning earlier in May. The rise was likely fuelled by wallet and cold storage provider Xapo implementing the technology, Milne commented. The company’s president Ted Roger confirmed the implementation separately May
The South African Police said today it has launched an investigation into an alleged fraud that has claimed more than one billion Rand ($80 million) in bitcoin from 30,000 investors. Funds manager of BTC Global, Steven Twain, disappeared on February 18 leaving admin staff and clients at a loss for funds. Ponzi Scheme Head Vanishes...
John McAfee is back again with another flurry of bold cryptocurrency predictions. In a tweet on May 24th, the tech activist and internet security expert listed five cryptos that will experience huge gains in the summer. The tweet also contained some political predictions on U.S. foreign relations. Bitcoin Will Rise in June and Dip in July According to McAfee, “Bitcoin will surpass $15,000 in June.” The controversial crypto proponent, however, predicts that the spike will
Cybercrime detectives in London have seized $667,000 worth of Bitcoin from a prolific hacker described by his sentencing judge as a “one man cyber crime wave.” 26-year-old Grant West of Kent was arrested in September 2017 on a railway carriage in London after a two-year investigation. Police wrestled his hands away before he was able to […]
The Czech Republic is leading the way in terms of Crypto adoption. One of its largest energy suppliers, Pražská Plynárenská, has announced that it will start accepting payments from customers in the form of cryptocurrencies. The first to be rolled out, will be Bitcoin (BTC) payments that will be available as soon as early June. This […]
Travel and accommodation website CheapAir.com has appeared to choose self-hosted payment processor BTCPay for its Bitcoin payments, shunning industry stalwart BitPay. CheapAir ‘Doing Testing’ With BTCPay According to comments on social media, BTCPay, which offers open-source merchant software, could officially become the new processor for Cheapair after it dropped Coinbase earlier this month. “We had a nice run with Coinbase but they are sun-setting their merchant platform next week,” the company wrote confirming the planned
One of the most important hedge fund managers and billionaire investor, Michael Novogratz, said that the investigation that is being carried out by the U.S. Department of Justice (DOJ) is a ‘good thing’ for the cryptocurrency market.
Wednesday’s arrival of Tom Lee onto a CNBC segment saw the analyst expressing his high hopes for the cryptocurrency space despite negative price action. He still fully expects that the Bitcoin price will reach $25,000 by the end of the year. Crypto Market Unexpectedly Slips, Falls By Over 7% Tom Lee, known as a “chronic” bull in the cryptocurrency community, reiterated his belief that Bitcoin will hit $25,000 by the end of the year. He
Bitcoin Gold has been an interesting social experiment. This hard fork of Bitcoin had some high ambitions at first. Several months down the line, it seems things look a lot worse for wear. With one individual controlling most of the network, the ecosystem is facing a serious threat. Solving this matter has proven to be...
Key Points Bitcoin price found support near $7,260 and bounced back above $7,400 against the US Dollar. The BTC/USD pair is currently attempting a close above a crucial bearish trend line with resistance at $7,650 on the hourly chart (data feed from Kraken). A successful close above the trend line and $7,700 may perhaps open...
Bitcoin is showing a bullish divergence signal, which suggests that buyers could still regain the upper hand at some point.
What is the Bitcoin ?
Bitcoin has burst onto the international financial scene in 2017. Appealing to both Wall Street and individuals despite its opacity and putting regulators under pressure. Its value rose from around $ 1,000 in January to over $ 20,000 in mid-December, before falling back to $ 13,000. A dizzying ascent threatening a bubble, even in financial circles ripped to speculation and volatility. The consecration came with the launch on December 10, 2017 of first exchanges of financial products to speculate on its evolution on the US stock market platform Chicago board options exchange (Cboe).
Bitcoin, which relies on a peer-to-peer payment system based on so-called “blockchain” or “blockchain” technology.
Bitcoin is making a dent: it is possible in some cities to pay for it. restaurant note, buy a car or even a house using it. Bitcoin advocates want to rely on this craze to ask the SEC. The US stock exchange policeman authorize the creation of an ETF.
A kind of financial investment in which anyone could put their savings. The value of this financial savings will depend on the performance of bitcoin. The big banks, which play the role of intermediaries in risky markets. The question was the lack of transparency in setting the price of bitcoin and therefore fear price manipulation.
Appeared for the first time in 2009, bitcoin was traded so far mainly on the internet without being regulated. Unlike traditional currencies, it is not issued by a central bank. Transactions are done without intermediaries and it is not necessary to provide personal information. This anonymity and the lack of regulation attract thugs. Also the traffickers wishing to launder dirty money and chills professional investors.
With the exception of Japan, which recognized bitcoin in April 2017 as a legal means of payment. The other major countries wave the red rag. Janet Yellen, President of the US Central Bank (Fed), believes that bitcoin “is not an official currency” and urges financial institutions to ensure that their bitcoin transactions do not violate money laundering laws. money.