Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, breaks down what bitcoin’s recent rally could mean for the flagship cryptocurrency. This content was originally published here.
Bitcoin is in rally mode, apparently. After months in the doldrums, the No. 1 digital currency extends its gains on Wednesday after following a sharp run-up in the previous session. This content was originally published here.
Good afternoon and welcome to our rolling coverage of all things , including price, regulation, innovation and financial crime. A bad start to the week for the cryptocurrency market sees BTC prices plunge below $7,000, as investors hesitate to support the market. Bitcoin takes another hit as it loses 0.65 percent on the day to trade at $6,964.01. Ethereum is one of the only major cryptocurrencies to see gains, rising a measly 0.03 percent to trade at $407.11. Ripple is down by 1.38 percent to sell for $0.423476, while Litecoin falls 0.58 percent t trade at $73.59. The drop in price is […]
The massive Bitcoin selloff that has characterized most of the market in 2018 might soon be at an end based on the data from a technical indicator. If correct, the top-ranked cryptocurrency may experience a substantial price rally in the last quarter of the year. Technical Indicator Shows Imminent Bitcoin Trend Reversal According to Bloomberg, Bitcoin traders might soon experience an end to the selloff of the cryptocurrency. This is based on a technical signal – the GTI VERA Convergence Divergence Indicator. Data from this indicator points towards a trend reversal for Bitcoin that would excite many BTC bulls who […]
Cryptocurrencies lost ground Wednesday, led by bitcoin, which had retreated after reaching levels that some chart watchers said showed the world’s biggest digital currency may have gotten ahead of itself. This content was originally published here.
France’s “Monsieur Bitcoin” Jean-Pierre Landau released an initial report into July 5, claiming it was “neither desirable nor necessary” to regulate the technology. Government official and academic Landau consciously compares “technological” and “financial” innovation in the report, which runs to over one hundred pages. Some of the conclusions may come as a surprise to industry commentators, Landau arguing that over-regulation of cryptocurrency would constitute a “three-pronged danger.” “Direct regulation is not desirable as it would oblige us to define, classify and therefore constrict objects which are essentially fluid and still unidentified,” he wrote in a summary section on cryptocurrency. The […]
Commissioner Tom Flint told some miners that their industry is risky and unregulated and he wanted to make sure other ratepayers were protected. This content was originally published here.
Bitcoin prices trade firmly lower early Monday, after the digital currency over the weekend retreated below values at $7,000. This content was originally published here.
The cryptocurrency’s vulnerabilities to attack mean it is destined to play no more than a bit role in the global monetary system, a new study shows. This content was originally published here.