Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant: Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant Breakout This is a massive bear pennant with ...

Read More »

Coinbase Might Be Behind Those 856,000 BTC Worth of Transactions

Last week, it was reported that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, 2018, the whale split 856,000 bitcoin between 107 wallets, sending an equal 8,000 BTC into each wallet. Speculators have formulated different hypotheses since the monstrous sum was moved. Was it a market whale moving funds to ...

Read More »

Crypto Holiday Guide: Gifts for Every Bitcoiner on Your Shopping List

The holiday season is here. And even if crypto prices are on the coal heap, you can still have fun spreading some holiday bitcoin cheer. For the bitcoiners in your life, this could mean a crypto-related gift as a token of solidarity. After all, what better way to commiserate with fellow HODLers than decking their holiday halls with bitcoin-themed gifts? ...

Read More »

The Next Quantum Leap in Financial Trading – [BTC Media Sponsor]

A common narrative in today’s financial world is that crypto holders are often unable to execute trades without paying large amounts of commissions and fees. Traditional markets are loaded with retail brokerages that bet against their clients with artificially adjusted prices, spreads and unrealistic fees. Enter Quantfury, an emerging enterprise that’s on an ambitious quest to reshape this landscape for ...

Read More »

Bitmain Follows Industry Trend, Shutters Operations in Israel

Chinese-based cryptomining firm Bitmain is shutting down the operations of Bitmaintech Israel, its research and development (R&D) center in Ra’anana, Israel, according to reports from local news outlet Globes. The R&D center, which produced Bitmain’s first Israeli mining pool ConnectBTC, was launched in 2016 to explore meaningful use cases of blockchain technology, as well as artificial intelligence for the company’s ...

Read More »

SFOX Posits Factors Behind November Crypto Volatility in Recent Report

SFOX, an institutional crypto trading platform, recently released a comprehensive, data-packed analysis on the possible causes of the volatility in the cryptocurrency space over the month of November. The report, which SFOX released on their website, covers a large amount of raw data, looking at factors such as price fluctuation on a day-to-day basis and trading volume. With the data, ...

Read More »

Cherry on Top: Bitcoin ABC, Bitmain, Ver Target of Suit Following BCH Split

As if the drama surrounding the recent Bitcoin Cash split needed a sequel, the vaudevillian sideshow has reached a new stage: the legal arena. A suit spearheaded by United American Corporation (UnitedCorp), a telecom company with a little-known blockchain subsidiary, BlockNum, is taking legal aim at Bitmain and its cofounder Jihan Wu; Bitcoin.com and its CEO, Roger Ver; Kraken and ...

Read More »

BitGo Hires Trust Company Veteran as CEO of Its Custody Arm

BitGo has a new CEO for its custody business. The cryptocurrency solution provider has recruited Richard Corcoran as its new chief executive officer. Having retired some years back after over 30 years in the traditional banking and finance industry, Corcoran has come out of retirement to lead the BitGo Trust Company, BitGo’s crypto custody arm. BitGo received approval from the ...

Read More »

TrueUSD Is Now a Base Pair on Binance

Malta-based cryptocurrency exchange Binance has added TrustToken’s TrueUSD (TUSD) as a base currency, expanding the stablecoin’s available trading pairs.  Adding to TUSD’s original BTC pair, Binance will add the following trading pairs: BNB/TUSD, ETH/TUSD, XRP/TUSD, EOS/TUSD and XLM/TUSD. The addition of TrueUSD as a quote currency offers more options to traders on the platform, who previously could only use Tether ...

Read More »

U.S. SEC Delays Decision on VanEck's Bitcoin ETF Until February 2019

The U.S. Securities and Exchange Commission (SEC) has postponed its decision to approve or disapprove the VanEck/SolidX bitcoin exchange-traded fund (ETF). Per an official document published by the agency, the new deadline to review the VanEck proposal has been shifted to February 27, 2019, which the regulator claims would afford it the time needed to review the potential rule change ...

Read More »