Month: September 2017

News JP Morgan’s chief executive, Jamie Dimon, might be getting into some trouble with Swedish financial authorities for market abuse when he called bitcoin a “fraud” last week.   Also read: Bitcoin Proponents Respond to JP Morgan Executive’s Statements JP Morgan Reported to Swedish Financial Supervisory Authority for Market Manipulation After Chief Executive’s Public Statements Against Bitcoin   Just recently JP Morgan Chase chief executive Jamie Dimon got the cryptocurrency community all riled up when he called bitcoin Read more …

Y Combinator, the Silicon Valley-based startup accelerator, is looking at blockchain as a possible way to boost access for investors. Sam Altman, who serves as president of the accelerator, highlighted the plan during this week’s TechCrunch Disrupt event in San Francisco. While the strategy appears to be in the early stages, the initiative nonetheless reveals how the tech is influencing the notable accelerator, which has previously played home to startups like Coinbase. “We are interested in how companies like Y Read more …

It is now Thursday evening and we have come to the end of the European session in our bitcoin price trading efforts. In this morning’s analysis, we discussed our hope that we would seek some degree long-term upside revaluation in the bitcoin price, ideally, this revaluation kickoff with a breakout at or near one of our predefined entry points. Turns out, we didn’t get what we wanted. Well, not exactly. We did see price break through one of our predefined Read more …

Model, TV presenter, online celebrity – beautiful Anneliya Garifulina has also been a part of the cryptocurrency community almost from the start. Anneliya moved to Moscow from Taipei two years ago, after having worked on Taiwanese TV and obtaining a sizeable army of fans. Hanging out with friends who work in the IT industry, she has been familiar to the crypto-world since as far back as 2011. Furthermore, she is engaged as a Blockchain brand ambassador at Botanica, platform focused Read more …

Germany’s central bank has published a new research paper centered on distributed ledger tech (DLT), exploring its use for payments, securities settlement and more. Researchers from the Deutsche Bundesbank wrote in the paper that the tech “offers a number of benefits on account of the distributed storage of data” – highlighting both the potential opportunities as well as some of the practical challenges any application might create. In an English-language explainer published alongside the paper (the original version is in Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Earlier this week, prominent bitcoin trader and investor Tone Vays provided technical analysis on bitcoin’s short-term trend, major price correction following the nationwide ban on Chinese bitcoin exchanges, bitcoin’s swift recovery, and the long-term future of bitcoin. The analysis of Vays demonstrated the potential of bitcoin price to surpass the $100,000 mark by the end of 2018, which would provide bitcoin a multi-trillion dollar market cap. For Read more …

By David Fickling Let’s say the bitcoin bubble has just burst. From its peak of $4,921 earlier this month, the digital currency is already down 16 percent at $4,076. Over the next two months, imagine it continues to slump to barely more than half its peak valuation. After a brief recovery, the price slides again, until by the start of 2020 it’s dropped by another third, to below $2,000. For 20 years it then languishes around that point, never to Read more …

Key Highlights Price action moving lower after 28.08.2017 highs of 153 Break above 103 will signal trend reversal 60 still remains a significant support TECHNICAL ANALYSIS If anything, 60.00 remains a strong support zone after that break above on 21.08.2017. Since then, price action trended higher eventually finding reasonable resistance at 154. However, the price has since corrected with 31.08.2017 and 08.09.2017 resistance trend line acting as a ceiling. Chances of further lower “lows” are high given the behavior of Read more …

Key Highlights DASH continues to trend higher in the higher time frame charts with major resistance expected at 412.20 Price action broke above minor resistance at 330.00 on Monday signaling increasing bull momentum At 362.00, chances of a break above immediate resistance at 412 is likely TECHNICAL ANALYSIS Beginning mid-September, price action reversed sharply from major support zone of 218-220 and has since continued to trend higher. It is indicative because at this zone a double bar reversal pattern was Read more …

The rebound in the bitcoin-U.S. dollar (BTC/USD) exchange rate from the recent low of $2,980 has stalled around the $4,000 level, raising doubts as to whether the rally will continue. As per CoinMarketCap, the digital currency was trading at $3,850 at press time – down 1.68 percent in the last 24 hours. Week-on-week, BTC is up 19 percent. On a monthly basis, BTC is down 3.7 percent. While there was a knee-jerk sell-off of bitcoin earlier this week following China’s Read more …

Alexander Drozdenko, governor of the Leningrad region in Russia, issued a general invitation to miners to use land in the region for mining farms, per 47news.ru. He has offered to utilize the Leningrad Nuclear Power Plant (LNPP) as a space for new cryptocurrency mining. The announcement came as part of the third annual small and medium-sized business (SMEs) forum, called Energy of Opportunities.  More than 600 business owners and national representatives were present. The governor said: “For the production of Bitcoins, Read more …

After the massive upheaval in the Bitcoin market over the past weeks because of negative news from China, it appears that Bitcoin transaction volume has shifted out of China. In a move that should not be surprising, South Korea has passed China in total Bitcoin trading volume today, as reported by Joseph Young and Tuur Demeester via Twitter. Young’s Twitter post indicates the shift: Today, South Korea surpassed China in #bitcoin trading volume. South Korea’s Bithumb processes more volume than Read more …