“I’m begging my crypto friends to get involved in the stock market,” Portnoy, also known as Davey Day Trader, said in a Sept. 2 tweet. “Bitcoin is stuck in the mud,” he explained, adding: “Let me lead you. We will get back to crypto later. The time to strike is now! No time for weak hands! Make the move!” Included in the tweet, Portnoy posted a scene from the movie “Captain America: The First Avenger” — the scene in which Read more …
After facing some slight turbulence yesterday, Bitcoin incurred a massive rush of selling pressure today that sent its price reeling down to lows of $10,700 This movement came about in the form of a sharp selloff following a prolonged bout of sideways trading within the lower $11,400 Analysts are now noting that the market is now at serious risk of seeing further downside This comes as multiple large BTC mining pools begin offloading their holdings concurrently, which is likely the Read more …
The latest findings by Santiment, published in Cointelegraph Consulting’s biweekly newsletter, suggest that Ether is poised for gains. The amount of Ethereum transacted on the blockchain daily has grown from an average of 3.85 million in July to 4.75 million in August, recording a 5-month high of 7.74 million on Tuesday. The chasm between Bitcoin and Ethereum’s transaction volume has been growing for several months now. Ethereum’s daily on-chain transaction volume was 60% that of Bitcoin’s, after hitting an all-time Read more …
A judge in the Seoul Central District Court dismissed two claims filed by individuals against the controversial crypto exchange, Bithumb. The individuals were seeking $126,000 and $38,000 respectively for damages related to a data breach incident back in 2017. According to Fn News, plaintiffs Hong and Seo (both named only by their surname) stated that they had lost money due to a phishing attack using private data that was extracted in a hack of Bithumb. The third claimant, Jang, was Read more …
The fact that Bitcoin (BTC) price was unable to break through the resistance level at $12,000 meant a retracement was imminent. However, the fast pace of the current retrace was not expected by the markets and has surprised a lot of traders. The crucial support zone of $11,100 failed to provide support and led to the current tumble towards the $10,500 region. Crypto market daily performance snapshot. Source: Coin360 Bitcoin price drops alongside weakness in equity markets Not only has Read more …
Two nations, two visions of the financial future: “The tech cold war is here — and the US isn’t winning,” wrote Ripple co-founder Chris Larsen in an opinion piece for The Hill recently. According to him, China has “a once-in-a-century opportunity to wrest away American stewardship of the global financial system, including its ultimate goal of replacing the dollar with a digital yuan.” Western values of openness and freedom could be lost in this new financial order. Others have sounded Read more …
Bitcoin is an asset unlike any other. Not only are prices impacted by normal market participants buying and selling, but miners powering the underlining network with massive BTC reserves can also have an even greater effect. Several large miners were seen moving “unusually large” sums of BTC overnight, just ahead of the massive market collapse. Could they be responsible for the most recent plummet in Bitcoin price below $11,000? And why are these miners suddenly selling their cryptocurrency when the Read more …
Bitcoin, Ethereum, XRP, and Tezos all saw month on month trading increases Investors flocked into EOS and TRON to capture late altcoin rally Trading activity up in all coins in August except Cardano’s ADA New data from global investment platform eToro reveals that in August retail investors returned to large-cap altcoins such as Ethereum and XRP, as well as a renewed interest in Bitcoin. All coins in the top 10, apart from Cardano’s ADA, saw a monthly increase in trades Read more …
Bitcoin has been flashing signs of overt weakness throughout the past few hours, dropping as low as $10,400 before facing an influx of buying pressure that allowed its price to surge back up to highs of $10,800. The cryptocurrency now appears to be caught within a short-term consolidation phase as bears and bulls fight for control over its near-term trend. This may cause it to see some range-bound trading in the near-term, but analysts are noting that its outlook still Read more …
A federal appeals court has ruled that the U.S. National Security Agency (NSA) mass surveillance program that collected data on billions of Americans’ telephone calls was illegal and possibly unconstitutional. The program was exposed by former NSA contractor Edward Snowden. A Victory for Privacy Rights The United States Court of Appeals for the Ninth Circuit published its 59-page ruling of the “United States v. Moalin” case on Wednesday, almost seven years since the appeal was filed in November 2013. It Read more …
In September’s crypto outlook newsletter, Bloomberg’s analyst Mike McGlone observed that the price of Bitcoin (BTC) could either be heading to the $500,000 mark, or it could fail. McGlone has continued to reiterate that in his view, Bitcoin is set to become digital gold. He emphasized once again how Bitcoin’s limited supply and increasing demand were key adoption indicators, and drew comparisons to the 2017 bull run: “Much of the broad crypto-asset market echoes 2017’s excesses, but the foundation is Read more …
Blockchain-powered gaming platform Ultra announced Sep. 3 that it will integrate Theta Network’s live streaming technology as part of its user experience. The service will allow users to see games in action before making a purchase, and earn rewards that can be spent within the ecosystem. Ultra is a game distribution platform using blockchain technology to bring new features to both players and developers. With a planned release in Q4 2020 it aims to disrupt the $160 billion gaming market Read more …