bitcoin / 67 posts found

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 […]

Bitcoin wasn’t a response to the financial crisis, says NYU professor

by crypto journalist
In the aftermath of the bankruptcy of Lehman Brothers, which accelerated a global financial crisis, the cryptocurrency bitcoin was born, and an entirely new financial ecosystem was devised. However, at least one expert is challenging the conventional wisdom that bitcoin and decentralized technology were the result of evangelists pushing back against the fallout from an economic crisis that brought the financial system to the brink, resulting in a wave of easy-money policies advocated by global central banks. “Bitcoin happened to be launched in 2009, but it was the culmination of decades of attempts to create a digital currency on a […]

Bitcoin To $96,000, XRP To $0.01 By 2023, ICO Advisor Satis Group Estimates

by crypto journalist
Man looking through telescope forecasting bitcoin future. Photo Credit: Getty Creative Despite downward pressure on the price of bitcoin for most of 2018, ICO advisory firm Satis Group sees bitcoin's value proposition and market depth as strong vis-a-vis other crypto assets, and is estimating that its price could hit $96,000 by 2023 and $144,000 by 2028. The predictions come in a new report on crypto asset valuation in which overall crypto market capitalization is estimated to grow from approximately $170 billion currently to $3.6 trillion over the next ten years. Despite the broader bitcoin and crypto bullishness, the report’s predictions for [...]

Bitcoin-Friendly US Senate Candidate Defeated in Republican Primary Elections

by crypto journalist
U.S. Senate candidate Austin Petersen, who is known for his Bitcoin (BTC) advocacy, lost the Republican primary election Aug. 7. According to unofficial results published by the Missouri Secretary of State, Petersen lost the battle to Attorney General Josh Hawley, who received 58.6 percent of the 663,553 votes. Hawley will go on to face to Democratic Missouri Sen. Claire McCaskill in the general election. Petersen tweeted: “Sorry I couldn’t pull out a win for us, friends. My faults as a candidate are my own, and not the fault of our activists. I am not a perfect messenger. One day soon […]

Bitcoin Price Faces Minor Drop After One-Month Highs

by crypto journalist
With signs of bull exhaustion showing on the technical charts, bitcoin (BTC) faces a return to the psychological support of $7,000. At press time, the cryptocurrency is changing hands at $7,235 on Bitfinex – representing a 0.4 percent drop on a 24-hour basis. Prices found acceptance above $7,000 over the weekend, having cleared the resistance offered by the 50-day and 100-day moving averages (MAs) last week and rose to $7,429 yesterday – the highest level since Aug. 4. While the bull grip around BTC strengthened in the last seven days, prices failed to cut through the resistance of the trendline […]

Bitcoin Breaks Above $7,000 as Crypto Market Rallies Into Green

by crypto journalist
Tuesday, August 28: crypto markets are seeing strong positive momentum bolster a persuasive recovery, as Bitcoin (BTC) breaks above the $7,000 price point and all but 3 altcoins amid the top 100 cryptocurrencies post strong gains on the day. Growth among the top ten largest assets ranges between 4.5 to almost 20 percent, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,016 at press time, up around 4.2 percent on the day, according to Cointelegraph’s Bitcoin price index. The top coin has seen several days of recovery since its brief price dent August 22 […]