Crypto Currencies Investing, Mining, Trading News & Updates
Bitcoin Traders are increasing their exposure to Bitcoin on futures trading platform BitMEX. The trading pair is fast approaching its all-time high of $1.22 billion. BitMEX’s Main Trading Pair Crosses The $1 Billion Mark BitMEX’s main trading pair – XBT (Bitcoin and USD) has risen by over $250 million in the last 10 days. The […]
The people’s republic of China has been planning to launch a Chinese digital currency for the better part of the decade. China has been working for a state-run digital currency while at the same time, it is against all privately launched virtual currencies including cryptocurrencies. Chinese Digital Currency/ Electronic Payment system (DCEP) might be the […]
Regulatory fears over digital assets are narrow, focusing on consumer protection
As the Bitcoin consolidation continues, traders and analysts are scouring the charts again looking for the next direction. In the short term most are of mixed opinion but one analyst has predicted a big fall before any upward price momentum is resumed. Bitcoin Biding Its Time For more than two months now BTC has been range bound between mid-$9,000s and low $12,000s. The channel appears to be tightening with very little movement over the past week, but this has happened before. Price action is not linear and the asset is still highly volatile which means a larger swing could occur before any confirmed trend direction takes place. Trader and analyst ‘dave the wave’ has maintained that in order to stick to its growth curve, …
Bitcoin price is under pressure and it recently declined below the $10,500 support against the US Dollar. The price is struggling to climb higher and is approaching the $10,200 support area. There is a key bearish trend line forming with resistance near $10,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price could accelerate decline if it breaks the $10,200 and $10,100 support levels in the near term. Bitcoin price is showing a few negative signs below $10,500 against the US Dollar. BTC could struggle to recover above the $10,400 and $10,500 resistance levels. Bitcoin Price Analysis Recently, bitcoin price struggled to surpass the $11,000 resistance area against the US Dollar. As a result, there was a downside correction and BTC…
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Summary: Shortly after seeing a retest of macro resistance at $10,750, the bitcoin market saw a strong pullback that has us testing a monthly supply level of $10,300. The support retest came about on strong volume and high spread, but is currently showing signs of support exactly where the bulls would want to see the market find support.If we can hold the $10,300 level, I expect to see a strong continuation of our uptrend and for the price to ultimately break new highs above $11,000.However, if we fail to hold support we will most likely be visiting the low $9,000s for the fifth time. Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks. This price analysis is…
Bitcoin Magazine’s Week in Review brings you the most critical, interesting and popular news stories affecting Bitcoin this week. Mining Heavy-Handed Regulations Run Cryptominers Out of Iran Large-scale miners in Iran have begun to move abroad as a result of strict cryptomining regulations imposed by the government in early August 2019. After over a year of back and forth, the Iranian government finally recognized cryptomining as an industry, but it comes at a steep price for miners. The price of electricity offered to miners is equivalent to the average price at which Iran exports electricity to other countries. Many miners have decided to move to other countries, including Russia, Georgia, Kazakhstan and even Iraq as a result of prices they deemed to be uneconomical and noncompetitive. …
Lending startup Celsius went from a $50 million token sale to $1 billion in crypto deposits.
Max Boonen of crypto OTC firm B2C2 dives into the role, benefits and potential risks of high-frequency trading in crypto markets.
The post Bitcoin News Summary – September 9, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin. ?????? The US Securities and Exchange Commission finally approved a limited ETF. The Van Eck SolidX ETF will only allow institutional investors to get Bitcoin exposure via the traditional securities market, so a full ETF tradable by the general public is still pending. The Winkelvoss twins first proposed
On September 22nd, Las Vegas–based precious metals vaulter Anthem Vault announced an acquisition of Denver, Colorado–based dealer Amagi Metals. Amagi Metals offers purchase of bullion with Bitcoin through BitPay, a payments processor used by over sixty-thousand businesses and organizations. Anthem Vault’s announcement assures customers that Amagi Metals will continue supporting Bitcoin payments. Megan Duffield notes, “Anthem Vault’s high-security storage options coupled with Amagi Metals’ crypto-friendly business model will provide clients with a one stop shop for all precious metal needs.” Anthem Vault offers secure storage for precious metals, whereas Amagi Metals ships directly to customers. Anthem Vault currently holds over US$2 billion worth of customer assets. Anthem Vault CEO Anthem Blanchard explains, “Our goal is to provide the precious metals community with …
The KeepKey hardware wallet has begun shipping today, after being officially announced on July 19 of this year (although the device itself had been in development for approximately one and a half years). KeepKey is the brainchild of Darin Stanchfield, Founder of the company, who began development on the project in 2014 after becoming frustrated with the lack of hardware wallet options available at the moment, as well as a mishap with a pre-order from an unnamed competitor. “I decided at that moment that instead of waiting for a device to be built by someone else, I was going to take up the initiative myself. And so the seed of the idea for KeepKey was born. My goal became to create a device that bridged the gap …
On Tuesday night, the City of Berkeley took a big step forward in its plan to issue Blockchain based municipal bonds. The long-awaited BlockChain Community Microbond Initiative will now proceed via a Request For Information which will invite the industry to put forth qualified proposals. First introduced by District 3 Councilmember Ben Bartlett, the Microbond … Continue reading City of Berkeley Moves Forward with Municipal Microbonds Program, Using BlockChain Technology The post City of Berkeley Moves Forward with Municipal Microbonds Program, Using BlockChain Technology appeared first on CoinSpectator Blog.
4.0 blockchain revolution begins On June 30, Tolar HashNET, an open-source, highly-rated, 4th generation blockchain, has officially launched its mainnet. This breakthrough tech features scalable, fast, secure, and fair transactions. It employs Distributed Ledger Technology (DLT) and consensus algorithm which keep all positive characteristics of a blockchain technology while increasing throughput to more than 200,000 transactions per second. Tolar HashNET mainnet is … Continue reading Tolar HashNET mainnet officially launched The post Tolar HashNET mainnet officially launched appeared first on CoinSpectator Blog.
Bitcoin Press Release: London-based software solutions company Hivereck has developed an innovating trading bot suitable for both novice and professional cryptocurrency traders. 13th August 2019, London – As the global outlook for cryptocurrency and traditional forex continues to prove hard to predict, arbitrage trading is increasingly being used by both novice and experienced Altcoin & Bitcoin traders. This new tool helps all levels of traders to mitigate transaction exposure and boost profits. Innovative Arbitrage Bot Arbitrage trading is a widely used strategy to buy low and sell high on global currency exchanges, and with the potential to make strong returns is a popular tool across the market. In the past, traders were required to possess a detailed knowledge of the exchange, fees structures, and API’s, to place …
Bitcoin Press Release: Crypto betting platform EOSBet.io gets a new look and is offering free 5 BET tokens for new sign-ups. August 13th, Willemstad, Curacao – On the heels of the new development, the platform is enabling support for Bitcoin Cash deposits on the new website, which will invariably grow its user base, promote mass adoption of the crypto-based casino, and externally support the growth of the EOS token and its ecosystem. As the first decentralized EOS-based cryptocurrency casino which offers provably fair games, EOSBet continues to ramp-up on platform features to bring about a better gaming experience for its users and in the process aims to increase its overall impact on both the cryptocurrency and gambling industry. The new website, with its…
The post Bitcoin News Summary – April 22, 2019 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds. ???? Belorussian leader, Alexander Lukashenko, last week called for a large Bitcoin mining center to be constructed near the country’s new nuclear power plant which is expected to be fully operational by 2020. Belarus has already developed a special economic zone, the High-Tech Park, with
