Parliament stymies Boris Johnson and his Brexit aspirations. Trade talks show no progress, and China releases worst economic data in three decades. A trio of news stories that could wreak havoc in financial markets and send capital fleeing for safe havens, but not to Bitcoin, at least not yet. The world’s favorite digital asset had…
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Economic news from China this past Friday was, in a word, “tepid”. For the first time in three decades, Chinese government officials are admitting that economic growth may decline below 6%. Foreign investment is already at 4.5% levels, suggesting there is not much in the pipeline that could boost data any time soon. The lagging…
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In Bitcoin-Land, enthusiasts are always circling important dates on their calendars for events that could rock the crypto world, but no event commands the same respect, as does Bitcoin’s halving happening in May of 2020. In both 2012 and 2016, similar halving episodes gave rise to massive appreciation in the months that followed. Can the…
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Crypto investigative tools have helped to nab 337 users of the world’s largest operating child pornography website on the Darknet that had collected million of dollars worth of Bitcoin over the past few years from its users. Its founder, 23-year old Jong Woo Son, a South Korean citizen, was indicted by a U.S. grand jury,…
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Bitcoin enthusiasts were hopeful last week that a familiar technical pattern would come to the rescue of their beloved digital asset, but it was not to be, at least not yet. The pattern that got everyone excited was what is called a “Double-Bottom Reversal”. If you calculate the distance from the bottom to its “neckline”,…
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With all the hoopla surrounding the stumbling Bakkt futures exchange, we tend to forget that the Chicago Mercantile Exchange (CME) has already established itself as a “go to” place for Bitcoin futures contracts. The CME is also a wily competitor, having knocked out the Chicago Board of Exchange (CBoE) from the arena last March. The…
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Bitcoin enthusiasts, investors, and observers have still not gotten over how severely Bitcoin fell from grace, after the Bakkt crypto futures exchange opened for business. The blame-game has continued for weeks. The S&P 500 Index also took a tumble at the same time, as trade talks worsened and recession fears ramped up, but none of…
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Bitcoin enthusiasts have been jostled about after the disappointing Bakkt debut, losing 20% or more of their gains for the year and fearing the worst going forward. For those reasons alone, it is easy to see why Bitcoin’s supporters are searching madly for any technical signal that might be glowing “Green” at the moment. It…
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While it can be very entertaining to follow the daily perturbations of Bitcoin and its altcoin rivals, there is always a very visible grey cloud that hangs over the horizon, threatening a wave of risky situations that could wreak havoc on the crypto-verse. What comprises this cloud of doom? In a word – security, the…
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Bitcoin revisited the upper $7,000s this weekend, continuing its ranging behavior, but always with a gradual downward slope, as if tempting bears or bulls to grab on. The excitement from a few weeks back is quickly becoming a distant memory, but so is $10,000, its last ranging median for weeks on end. Advocates, however, are…
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