The operator of two defunct cryptocurrency services pleaded guilty to charges that he stole his customers’ deposits and lied to investigators after hackers stole thousands of bitcoins from the services. This content was originally published here.
Wall Street is steadily making it easier for a wider range of investors to buy and sell bitcoin. It’s a development that should, in theory, boost prices—if a torrent of institutional money is poised to rush into crypto, then the buildout of professional-grade infrastructure should be a boon for things like bitcoin, ether, and other offshoots. But so far that’s not the case: Bitcoin has fallen more than 50% since Dec. 10, when Cboe Global Markets launched its futures contract, which allows traders to hedge or speculate on the digital asset’s price in the future. CME Group started its own […]
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week US SEC Releases Memorandum From Meeting Over Bitcoin ETF Proposal The U.S. Securities and Exchange Commission has published a memorandum from a meeting about the Bitcoin exchange-traded-fund (ETF) proposal from VanEck and SolidX that included EC Commissioner Elad L. Roisman and his counsels Dean Conway, Matthew Estabrook, and Christina Thomas, along with representatives […]
Introduction The question of if a floor exists in the price of Bitcoin ()()(OTCQX:GBTC), and if so, what is that figure, has become a hot topic recently. I would argue that the floor is determined by the probability of finding a gap between the fundamentals and the price. In other words, how many standard deviations below or above the price target are we at now? Any number is possible, but the extremely low and extremely high are both very rare, and therefore much less likely to occur. That’s the best we can do with the price floor. Watch the fundamentals […]
Bitcoin () may have dropped to the point that some say this cryptocurrency has run its course, but the party for those who take this sector seriously is just getting started. In this article, I’ll discuss the chart pattern expectations for Bitcoin and how to reliably forecast price machinations in this volatile sector. Attempting to use any kind of fundamental approach to reliably forecast price targets for Bitcoin or any cryptocurrency is nigh impossible. Philosophically, the opinions of how cryptocurrencies like Bitcoin will play a role in the financial markets vary from those who believe they are destined to fail, […]
Alex Krüger, a well-recognized cryptocurrency trader and technical analyst, has said Bakkt will lead the recovery of Bitcoin throughout 2018 and the first quarter of 2019. But, Krüger explained that the rejection of the Bitcoin exchange-traded fund (ETF) filing of VanEck, SolidX, and Chicago Board Options Exchange (CBOE) will lead to the crash of Bitcoin, possibly back down to the $6,000 support level and in worst case scenario, to the $4,000 region. “Possible outlook for BTC: First, bull run on BAAKT & renewed ETF approval narrative early 2019. Second, ETF denied Feb/27, massive crash, goodbye 6k, hello 4k, cleanse all […]
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