Mining Miami-based mining and high-performance computing company, The Future of Mining, is building a major data center in Sweden. The center will be located in the tech hub of Boden-Älvsbyn, following the establishment of a deal between The Future of Mining and the municipality of Älvsbyn. Also Read: Sweden Sees Record Trading Volume as MP Sundin Joins Bitcoin Exchange BTCX The Future of Mining Is Setting up a Data Centre and Base of Operations in Northern Sweden Miami-based Read more …
Throughout the weekend and continuing into the early week, BTC-USD saw a strong rally that brought the price from $3500s to prices in the high $4100s, at the time of writing. Amid global turmoil and Chinese news that initially appeared to be bearish, BTC-USD has seemingly found its bottom and is now working its way onward and upward. Here is a look at the current state of the market and what we can expect in the coming days:Figure 1: BTC-USD, Read more …
The Australian Securities and Investments Commission (ASIC) has issued regulatory guidance for businesses considering launching an initial coin offering (ICO). According to a document on the regulator’s website, the legal treatment of cryptographic tokens issued in ICOs will vary in nature depending on their structure. While some token sales will be classified under general Australian consumer […]<br />The post Australia’s Securities Regulator Issues Formal Guidance For ICOs appeared first on The Bitcoin News – Leading Bitcoin and Crypto News since 2012. Read more …
Major cryptocurrencies including Bitcoin, Ripple, Litecoin and Ethereum have been attempting to erase last week’s losses versus the USD, even though the USD itself was rallying. Bitcoin’s surge in particular was noticeable as it broke about the 4,000 resistance level and could be aiming to reach the next resistance level of 4,354. However, both BTC/USD and BTC/JPY both remain inside the daily Ichimoku cloud moving in an upward channel. The gains across cryptocurrencies happened as trend forecaster and commentator Gerald Read more …
Key Highlights ETH price failed to gain momentum and broke the $300 support against the US Dollar. Yesterday’s highlighted connecting bullish trend line with support at $296 on the hourly chart of ETH/USD (data feed via SimpleFX) was broken. There is a new bearish trend line forming with current resistance at $294.50 on the same chart. Ethereum price struggled to move further higher against the US Dollar and Bitcoin. ETH/USD is back below $300 and seems to be under bearish Read more …
Key Highlights Ripple price started a downside correction from $0.2150 against the US Dollar. Yesterday’s highlighted bullish trend line with current support at $0.1920 on the hourly chart of XRP/USD (data source from Kraken) is intact. The price is approaching a major support area near $0.1920 where buyers might appear. Ripple price has started a short-term correction against the US Dollar and Bitcoin. XRP/USD might test $0.1920, which is a good buy zone. Ripple Price Support Recently, we saw a Read more …
The latest voice from Wall Street to offer their two cents about Bitcoin and cryptocurrency, in general, is Mike Novogratz. The former manager at Fortress spoke highly of the opportunities that the revolutionary technology behind Bitcoin presented, as well as the scope for huge profits on the way. In an interview with a leading financial publication recently, he claimed Bitcoin (cryptocurrencies) to be the biggest bubble we’ll ever see in our lifetimes, and went on to highlight why this was a positive thing: Read more …
Key Points Bitcoin cash price after trading to a new high above $480 against the US Dollar found sellers. There is a major ascending channel forming with support at $452 on the hourly chart of BCH/USD (data feed from Kraken). The price is approaching the $450-452 support area and might find strong bids. Bitcoin cash price is currently correcting lower against the US Dollar. BCH/USD is approaching the $450 support zone where buyers might emerge. Bitcoin Cash Price Support There Read more …
In the current era of Blockchain evolution a new concept has emerged: tokenization. Tokenization is an intrinsic part of the Blockchain technology that serves the purpose of platform identification and accessibility. The power of tokens Every Blockchain platform is powered by tokens, sometimes also referred to as “coins.” Bitcoin is a token, as is Litecoin, Dash, and other currencies that function over a Blockchain. While tokens can represent money, as in the case of the above, they can also represent Read more …
Bitcoin Price Key Highlights Bitcoin price is trending higher and is inside an ascending channel on its 1-hour chart. Price is currently testing the resistance around $4275 and might be due for a dip back to support around $4100. Using the Fibonacci retracement tool on the latest swing low and high shows the potential support levels. Bitcoin price is starting a new short-term uptrend on its 1-hour time frame and might offer an opportunity to go long on a pullback. Read more …
The ICO is still booming; there’s a new way for companies to attract investment, while crypto holders know their “new money” now offers one more way to increase profits. Feeding the Dream Where there is demand, there is supply. The so-called “ICO full-range service” agencies promise the best quality, speed, and results with little or no input from the client’s side. All you need to do is pay. I can personally vouch for the high interest in this type of service. Read more …
TORONTO (Reuters) – The chief executive of Canada’s biggest lender on Thursday pushed back on a suggestion by JPMorgan (JP.N) Chief Executive Jamie Dimon that bitcoin is a fraud, though he said the cryptocurrency needs monitoring. Speaking at a Reuters Newsmaker event in Toronto, Dave McKay, CEO of Royal Bank of Canada (RY.TO), said: ”Has Bitcoin misrepresented what it is? No. “What it’s solving is a way to avoid detection in moving money in our society and transferring value from Read more …