bitcoin / 73 posts found

Bitcoin is the ‘most overbought’ since its record high in December

by crypto journalist
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’: We Should Not Directly Regulate Cryptocurrency

by crypto journalist
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 […]

Washington state utility increases power rates for bitcoin mining

by crypto journalist
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 price falls below $7,000, nears 3-week low

by crypto journalist
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.

Why Bitcoin Will Never Replace Gold

by crypto journalist
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.

Why Wall Street’s king of crypto is bracing for another bitcoin breakout

by crypto journalist
Is bitcoin back in purgatory? Bart Smith, Susquehanna head of digital assets, discusses why he believes it’s ready for another breakout. With CNBC’s Phil LeBeau and Scott Wapner, and the Fast Money traders, Pete Najarian, Karen Finerman, Steve Grasso and Guy Adami. This content was originally published here.

Payment Service CoinGate Launches Bitcoin Lightning Network Pilot for 100 Merchants

by crypto journalist
Cryptocurrency payment gateway CoinGate is launching a pilot program for 100 merchants to test transactions on a Bitcoin Lightning Network (LN) variant of their service, according to news shared with Cointelegraph today, July 10 According to CoinGate’s blog post, the merchants taking part in the LN trial include esports betting websites, online stores with crypto merchandise, servers and hosting services, and adult entertainment websites. The post notes that Lightning Network payments “will be” available starting on July 1. The Lightning Network is a second layer solution to the problems with scalability for the Bitcoin (BTC) network that works by keeping […]

Bitcoin price news: BTC price SLUMP after CipherTrace cybersecurity hacking report

by crypto journalist
Bitcoin price news: Bitcoin has had another slow 24 hours of trading (Image: GETTY) Ethereum’s (ETH) price has fallen 1.5 percent to US$203.60 (£156), reducing ETH’s market capitalisation to $20.9billion (£15billion). Meanwhile, Ripple’s price has tumbled 2.7 percent to 45.44 US cents, which leaves the altcoin with a market capitalisation of just under $18.2billion ($14billion). And EOS is down 0.5 percent to US$5.37 (£4.12), leaving it with a market capitalisation of just under US$4.9 billion (£3.8billion). The decline across the board can be partly explained by a Reuters report into crypto theft, which may have spooked traders. The news story […]

Bitcoin Price Indicator Turns Bullish for First Time in 8 Months

by crypto journalist
The list of indicators signaling a long-term bullish reversal in bitcoin (BTC) continues to grow with each passing week. The latest to join the list is the MACD histogram, which has moved above zero – turned bullish – for the first time since January. The MACD, which oscillates above and below the zero line, is one of the most popular technical indicators used to determine a trend’s reversal and momentum. A bearish-to-bullish trend change is confirmed when the histogram moves above the zero line. On the other hand, a bearish reversal is confirmed when it dips below zero. The bullish […]