Bitcoin took it on the chin a second time in a week, plummeting 14% from $8,500 and change to $7,700, perhaps, from a sucker punch from a Whale dumping a large sell order on the market. For a second time, however, Bitcoin demonstrated its newfound resilience and climbed up off the canvas. It now rests…
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Bitcoin technology marches onwards and upwards! Much has been written about a supposed lack of technology progression in the crypto space, although critics have tended to speak far too early in the development process. As long as there are researchers and patents to be had, technology will improve in every aspect of the crypto network…
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As Bitcoin continues to rise at an unbelievable pace, so, too, do the anxiety levels of the crypto faithful. The world’s favorite cryptocurrency has astounded and confounded analysts at the same time during its recent rush to glory, but memories remain fresh of Crypto Winter and of a few bobbles along the road. As a…
Read moreBitcoin and its altcoin brethren have supporters, and they have detractors. Former SEC enforcement chief, John Reed Stark, a cybersecurity expert and attorney who worked for 20 years at the SEC’s enforcement division, falls into the latter camp. He is no friend of Bitcoin or any other cryptos for that matter, publicly calling Bitcoin “a…
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One of the most oft repeated fundamental drivers for the recent meteoric rise of Bitcoin has been that “Whales are on the move”. A subset of analysts are glued to the goings on in these highly valued crypto addresses, euphemistically referred to as “Whale” accounts, as if their splashing around could singularly drive the ebbs…
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An old axiom that often proves to be true when trading financial markets is that “Gaps will be filled”. Gaps occur when prices suddenly gyrate to a higher or lower level, without setting any particular levels of support or resistance. Depending on the type of gap, there is a high probability that market prices will…
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Bitcoin is back. The cryptocurrency has recovered some of its "glory" in late 2017, and now the coin is trading at around $8,200 at the time of this writing. Bitcoin has captured to eyes and hearts of many wealthy and not-so wealthy people. Some are buying Bitcoin to fight inflation and their financial systems, while…
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Be on guard – Cyber crooks are getting very clever with technological tricks to, as the typical con game scam storyline goes, gain your trust, appeal to your greed, set the hook, and then fleece you for all that it is worth. The latest cyber “ruse” on the Internet is designed to victimize Bitcoin-aware consumers…
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The month of May, that time when investors typically “sell in May and go away”, has been rough on stocks. The S&P 500 index is down 5% at this writing, but over in Crypto-Land, Bitcoin is poised to win the performance race for the month, booking an incredible, astonishing (pick your preferred adjective) return of…
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Bitcoin is a global phenomenon, there is no doubt. Everyone either has heard of it, has it or hates it. The "people's currency" has made strides in proving that its value is here to stay, after experiencing a sharp increase in its price for fewer than three weeks. Many countries around the globe are looking…
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