Month: November 2017

Key Points Bitcoin cash price surged higher this past week and broke $600 against the US Dollar. There is a major bullish trend line forming with support at $600 on the 4-hours chart of BCH/USD (data feed from Kraken). The pair must remain above the $600 handle if it has to stay in the bullish zone. Bitcoin cash price rocketed higher towards $700 against the US Dollar. BCH/USD is currently correcting and holding an important support at $600. Bitcoin Cash Read more …

Security Australians have increasingly become the target of an SMS-based bitcoin mining scam. The scam entices users with fictional free bitcoins that supposedly can be located at two shortened URLs; however, if visited, the USR will hijack that user’s computing power for the purpose of mining cryptocurrency on behalf of the scammers. Also Read: Samsung Builds Bitcoin Mining Rig Using Old Phones Thousands of Australians Have Been Targeted by an SMS Scam Offering Free Bitcoins to Prospective Victims Read more …

Key Points Bitcoin price is gaining pace and will most likely break the $7500 resistance against the US Dollar. There is a major bullish trend line forming with support at $7300 on the 4-hours chart of BTC/USD (data feed from SimpleFX). The pair is now well supported above the $7300 and $7000 support levels for more gains. Bitcoin price remains well in the bullish zone above $7000 against the US Dollar. BTC/USD might break $7500 soon and could even test Read more …

Key Highlights ETH price after a decline towards $274 against the US Dollar found support and recovered well. There is a crucial bearish trend line forming with resistance at $305 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair has to break the $305 resistance and settle above the 100 SMA (H4) to challenge $340. Ethereum price is back in the positive zone against the US Dollar and Bitcoin. However, ETH/USD needs to gain momentum above $305 Read more …

These are indeed heady days for investors in cryptocurrency, and with fortunes being made (and lost) rapidly, it’s easy to forget the difference between “price” and “value.” Many investors are focusing on the quick flip–they buy the “hottest” ICO and hope to immediately sell for huge profits once the crowdsale is over. There’s nothing wrong with that approach, per se, and some have been highly successful. However, it’s much easier and more certain to make profits by buying and holding, Read more …

While Bitcoin sceptics claim that Bitcoin is only used for speculation and has no actual uses, a New York preschool has shown that Bitcoin can be a convenient and successful method of payment. Enquiry from parents In an interview given by Marco Ciocca, the Chairman of The Montessori Schools in Flatiron and SoHo, to Business Insider, he explained that he had a few parents enquiring about the use of Bitcoin as a means to pay the tuition fees. We had Read more …

Finance Two companies have filed to launch blockchain tracking exchange-traded funds (ETFs) late last week, sparking a new derivative market pertaining to distributed ledger technology. On Thursday, Amplify Investments LLC filed for the Amplify Blockchain Leaders ETF, and Reality Shares filed for the Nasdaq Blockchain Economy ETF. Also Read: Bank of America Bullish on Bitcoin ETFs, Anticipates 1.6 Billion USD Market Amplify Investments and Reality Shares Have Filed for Blockchain ETFs If successful, the funds will be the Read more …

Now that Bitcoin Cash has been around for a while, the first statistics have come to light. An analysis by Chainalysis paints a pretty interesting picture for BCH. Most of the transaction volume comes from now coins. A lot of BCH is spent within six hours of being held. Not an ideal store of value by any means, although that isn’t surprising. Speculation is the driving factor for the current BCH price, that much is rather evident. There are a Read more …

It is that time of year again when the Bitcoin transaction fees are on the rise. We have seen this problem occur multiple times already. Right now, the median fee is $4.23, which is ridiculously high. It may even result in a new all-time high. Not the good kind, though, that much is certain. Rest assured this development will spur a lot of new debates in the coming days and weeks. Bitcoin transaction fees have become a major problem over Read more …

Over the past week, the bitcoin price has surged from around $6,500 to $7,400, as the market continued to demonstrate optimism towards the launch of bitcoin futures exchanges by some of the largest markets in the US such as CME and CBOE. Several prominent financial analysts including Max Keiser have hinted this week that it is highly likely for the price to achieve $10,000 by the end of 2017, given its current upward momentum and the market’s absolute confidence over Read more …