Hello and welcome to News BTC’s Market Outlook December. BTC/USD Over the last 24 hours, Bitcoin has been absolutely pummeled after the well-documented break above $10,000. In fact, the daily candle from the session would have been a shooting star. This of course is a very negative sign, but currently it looks as if the $9400 level is offering support. If it gives way to selling pressure, expect to run down to the $9000 level next. Alternately, we don’t technically continue Read more …
With the recent rise of cryptocurrency popularity, a rental company has decided to implement Bitcoin payments into its online platform. Living on Bitcoin In the above video, we can see the journey of a man who is trying to live solely on Bitcoin for a week. As cryptocurrencies are steadily gaining popularity worldwide, many users have tried to find more use cases for Bitcoin. Currently, cryptocurrencies are mainly used for trading and investing, however, experts believe that as the number Read more …
Key Highlights ETH price started a recovery from the $390 swing low against the US Dollar, but is facing many hurdles. There is a short-term bearish trend line forming with resistance near $430 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair might struggle to break the $430 and $458 resistance levels in the near term. Ethereum price is correcting higher against the US Dollar and Bitcoin. ETH/USD has to move above $430 and $458 to overcome Read more …
The Big Question: Is the party over for bitcoin? Cryptocurrencies seem to have taken a pause on Friday after a historic bull run that pushed prices of the main coins through the roof. As of midday in Asia on Friday, prices of bitcoin, ethereum and litecoin were all in red, though only slightly, and well below earlier record highs. Bitcoin lost 2.10 percent to about $9,695 at midday, well below the recent record high of about $11,264 reached late last Read more …
After months of radio silence, Bitfinex, the world’s largest cryptocurrency exchange, and Tether, the issuer of a dollar-pegged cryptocurrency, are responding to accusations of mismanagement. In a statement emailed late Thursday to reporters, Ronn Torossian, a newly hired outside spokesman for both companies, blamed “questionable actors” for raising doubts about their financials and controls. Notwithstanding critics, he wrote, Bitfinex is “committed to becoming the most transparent crypto exchange in the industry.” Specifically, he called out “Bitfinex’d,” the pseudonymous blogger who Read more …
Bitcoin Price Key Highlights Bitcoin price is starting to trend lower as more traders book profits off the recent rallies. Price is trading inside a descending channel on the 1-hour time frame and is testing resistance. If it continues to hold, the selloff could resume back to the channel support around $8400. Bitcoin price is slowly trending lower on profit-taking off the recent moves and a return in dollar demand. Technical Indicators Signals The 100 SMA is still above the Read more …
Key Points Bitcoin cash price is under pressure and it recently traded below the $1240 support against the US Dollar. There are two bearish trend lines forming with resistance near $1350 and $1480 on the hourly chart of BCH/USD (data feed from Kraken). The price is currently struggling to recover above the $1350 level and upsides remain capped. Bitcoin cash price declined further towards $1200 against the US Dollar. BCH/USD is likely to struggle further with resistances near $1360 and Read more …
News This year’s incredible bitcoin rally has raised a lot of interest in the cryptocurrency and created huge demand from people to learn everything they can about the phenomena. One academic institution which tries to answer this call is New York University (NYU). Also Read: Paxful to Help Fund 100 Schools in Africa #BuiltWithBitcoin Bitcoin 101 at NYU The Stern School of Business at NYU was the first major US academic institution to offer a course in Read more …
Crowd Genie becomes the first licensed P2P lending platform to build an end-to-end regional lending solution. Taking another bold step in developing a comprehensive P2P lending solution for the Asia- Pacific, Crowd Genie has announced that it will conduct the first-ever ICO token sale of its CGCOIN currency, through its related entity CGSPV Pte. Ltd. One of only four P2P lending platforms to be awarded a Capital Market Services (CMS) License by the Monetary Authority of Singapore (MAS), Crowd Genie’s Read more …
An anonymous user on Pastebin has provided evidence that some wallet software may be generating private keys that can be easily discoverable, and therefore easy to take any bitcoins associated with that address. There has been no word on what wallet software is possibly affected, nor if this is a malicious act or a simple coding error. TL;DR – Scroll to the last subsection What is a Private Key? I’m going to give a little bit of background and explain Read more …
The price of the top digital currency is well above the means of many, especially in Africa. A Bitcoin in Nigeria, for example, is now worth over N3 mln. This is a far reach in a country where half of its approximately 200 million people live on less than N800 (about $2) a day. UNDP puts 50.9% of Nigeria’s population as multidimensionally poor. An additional 18.4% of the population is considered to be nearly so. Nigeria’s current minimum wage stands Read more …
India-based digital currency exchanges have claimed that the number of Indian investors who registered in their platforms to buy Bitcoin has increased considerably in the past few weeks as the value of the leading cryptocurrency surpassed the $11,000 level on November 29. The unprecedented rise in the number of investors who want to invest their money in the most popular cryptocurrency was observed despite rumors that the country’s central bank may declare Bitcoin and other cryptocurrencies as illegal. According to Read more …