Bitcoin pulled back again after beating on the $9,400 door, where ostensibly profit taking orders proliferated. BTC remained in positive territory for June, a feat few analysts predicted two weeks back, but the number crunchers were mixed, when it came to explaining why Bitcoin finally had a “sluggish” day at the trading table. There has…
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On Colombian-Venezuelan border, there is a new cryptocurrency exchange service that may help refugees who travel across the Simon Bolivar International Bridge. The information comes from Mrs. Aguilar from CoinDesk. According to press, the service is a point-of-sale one with digital coins that can be used to buy different types of goods. The point-of-sale is…
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Bitcoin is on fire again, if this weekend’s trading is any sign of things to come in the near term. Today’s trading has almost been a repeat performance, with BTC hovering over $9,000, bouncing down twice from resistance at $9,400, and now nestling in at $9,250. The sudden spurt caught most everyone off guard, but…
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It may be far too early in its short history to claim that Bitcoin has arrived and that its future is secure, but the fact that it depreciated 80% over eleven cruel months and that every critic known to man was claiming its imminent demise, but then picked itself up, dusted itself off, and rose…
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Binance is launching a bitcoin-pegged token for trading called BTCB. The token will be released on the native blockchain of Binance or, simply, on Binance Chain. The information comes from a blog post of the exchange. The token will be made available for trading on the decentralized part of Binance - DEX, as well as…
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Where is the 30%+ correction in Bitcoin prices? It was certainly not present during weekend trading, as the world’s favorite cryptocurrency bolted past $9,000, climbed to $9,388, pulled back, only to repeat its magical mystery tour once more. The ensuing attack on what many analysts have claimed to be an inordinate concentration of profit taking…
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Jack Dorsey, the CEO of both Twitter (NYSE:TWTR) and Square, Inc. (NYSE:SQ), and a self-made billionaire in his own right, has taken to the Bitcoin advocacy trail once more by teasing the industry with his first major hire for his proprietary “Square Crypto” service offering. Dorsey had envisioned long ago that the combination of Square…
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Bitcoin pushed past $8,200 in trading yesterday, rising to $8,270 at the moment. Although the move is positive, it is not the powerful thrust that analysts claim is necessary to really break out and challenge the $9,000 level. BTC has been range bound since early June, confusing analysts and investors alike. Is it accumulating strength,…
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Bitcoin enthusiasts received an emotional lift today, as Bitcoin briefly tested its upper ranging boundary of $8,200. It has been locked in a tight $600 zone for a week from $7,500 to $8,100, displaying exhaustion and an apparent inability regain momentum from its previous bull run. Traders are beginning to lose patience, while analysts counsel…
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We sometimes forget amidst the daily hype of Bitcoin and cryptocurrencies in general that there is a massive technical infrastructure that supports the entire enterprise. Top of the list is security and all of its ramifications, since the nature of the entire effort is a digital financial service. Cryptos will and have attracted formidable attacks…
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