Novogratz: Billionaires Disappearing In China Presents A Bitcoin Bull Case

The world’s your oyster. No, no it’s not. Since capitalism became the norm, every common Joe and Jill, whether confined to suburban sprawl or trapped in rural farmland, have had dreams of making it big in the world. However, for many, these vision of grandeur are quixotic — out of reach for all but the luckiest. And as such, joining the billionaires (or even millionaires) club has become a raison d’etre for many materialists. But maybe not for China’s hopefuls. However, that’s where Bitcoin and crypto step in. Related Reading: How Brian Armstrong, CEO…

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We are adding limited support for Bitcoin SV (BSV)

As previously shared, Bitcoin Cash (BCH) experienced a hard fork on November 15th. The main outcome of the fork was the splitting of the Bitcoin Cash chain into two chains, and therefore two tokens – Bitcoin Cash ABC and Bitcoin SV.  This means that anyone that held 1 BCH before the fork would end up with 2 tokens after the fork – 1 BCH (ABC) and 1 BSV.   Last month, we implemented a coin-splitting solution that allowed us to safely resume Bitcoin Cash services in the Wallet, with BCH…

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Bitcoin Price Analysis: BTC Lift Off, Cross-Hairs at $4,500

Bitcoin Price recover, bulls bounce back Market leaders set positives in Blockchain and crypto There is a jump in market participation level. Volumes swell in the 4HR time frame After Jan 20 drops, BTC is finding support at around $3,500—the lower limit of our support zone. As a result, there is a likelihood that Bitcoin prices will rally in coming days. Bitcoin Price Analysis Fundamentals Jerry Yang has been a longtime fan of blockchain and cryptocurrencies. So, his recent comment at the Nikkei Innovation Asia Forum held in Singapore is…

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Crypto Markets Near Weekly Lows Following Weekend Volatility

This past weekend was particularly volatile for the crypto markets, which surged on Saturday before fully retracing on Sunday. The resulting losses have carried over into Monday, with most major altcoins trading flat or down slightly today. Most altcoins are closely tracking Bitcoin’s price action, and one prominent analyst thinks that most major cryptocurrencies are looking slightly bullish on lower time frames. Crypto Markets Could Be Bullish in the Short-Term At the time of writing, Bitcoin is trading down marginally at its current price of $3,580, which is just slightly…

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Denmark Investigating Bitcoin Exchanges to Find Tax Defaulters is Troubling

Denmark’s tax agency has received the council’s permission to scrutinize three local crypto exchanges. Skat in its Monday press release confirmed that it would obtain information on traders who were investing in cryptocurrencies such as Bitcoin between 2016 and 2018. The announcement came as a part of an ongoing investigation against crypto-based tax defaulters. Seeking Information of Bitcoin Traders In December 2018, Skat had confirmed that it would enquire 2,700 individuals who traded bitcoins on an unidentified Finnish exchange. Now, after a month, the agency believes that exchanges within Denmark have…

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Don’t Fret! Bitcoin Has Undergone A Decade Of Sustained Growth

When Bitcoin was first launched in 2009, barely any knew about the project, created by pseudonymous programmer Satoshi Nakamoto. The few that did know of the cryptocurrency either hated it with a burning passion or loved it for its long-term potential. And while the former group picked up steam, with mainstream media bashing cryptocurrencies via FUD-ridden articles, simple data shows that BTC, along with the underlying network has continued to outperform, even amid a number of broader downturns. Related Reading: Why Does Mainstream Media Spread So Much Crypto FUD? Bitcoin Lows Still…

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Crypto Market Wrap: Litecoin Leading The Way as Markets Make Minor Moves

Market Wrap Crypto markets moving marginally this Sunday, Litecoin is leading, Binance Coin and NEO following up. Crypto markets have shifted gear a little this morning but major movements are still wanting. Following a week of complete inactivity markets are nudging closer to $125 billion in total capitalization but progress is still painfully slow in the land of the bears. As usual Bitcoin dominated market movements when it spiked to $3,750 yesterday. On the day BTC has made 1.7% and is holding these gains for the time being, trading at…

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Bitcoin Upstart BlockEx Shivers In Extended Crypto Winter

While 2019, the purported year that the Bitcoin ecosystem would undergo a turnaround, is in full swing, crypto startups have continued to fall on bad times. Most recently, a London-based, multi-faceted company revealed that “staff reductions” had taken place, likely catalyzed by the tumult in crypto markets. Related Reading: Legendary Venture Capitalist: “We’re Close to a Crypto Nuclear Winter” Bitcoin Exchange BlockEx Purges Staff In “Reduction” As Bitcoin peaked at $20,000, BlockEx, a London-headquartered upstart with visions of grandeur, launched its token sale. BlockEx was marketed as a platform for issuing…

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Crypto Market Wrap: TenX Surging on Reissued PAY Credit Cards

Market Wrap Crypto markets are still flat this Saturday, Tron pulling back after recent gains, TenX surging. As we enter the weekend crypto markets remain inactive. If anything there has been a slight pullback for most crypto assets but total market cap is still hovering just above $120 billion. Over the past 24 hours Bitcoin has dropped to $3,640 before recovering slightly. It is currently showing zero movement on the day and is still trading at $3,670 where it was the same time yesterday. Since last Saturday Bitcoin dumped to…

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Analyst: Bitcoin Price Must Get Above $3,700 in Order for Crypto Markets to Surge

Although this week was off to a volatile start, as the days went on Bitcoin began finding increased stability in the $3,600 region. This stability has led to a bout of sideways trading for the entire crypto markets, which have drifted down slightly today. Now, one prominent crypto analyst believes that Bitcoin needs to trade above $3,700 for an extended period of time in order for the entire market to climb higher. Bitcoin Stuck Below $3,700 At the time of writing, Bitcoin is trading up nominally at its current price…

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