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Ethereum Price and Technical Market Analysis 7th December 2019 (bitcoinnews.com) 12/08/2019 - 7:17am
The price range of $138-145 remains under the control of buyers. The average Ethereum price movement is 3%, which is quite passive for such a coin. The critical point of this asset is the price mark $171. Yesterday’s trading day on Ethereum market was at the usual for this week pace. The price range was no more than 3%. Daily candle does not...
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Bitcoin Price and Technical Market Analysis 7th December 2019 (bitcoinnews.com) 12/07/2019 - 2:22pm
Buyers stopped in front of the critical price range $7,550-7,800. Trading volumes are not sufficient for a sharp downward or upward movement. The probability of consolidation continuation is high. Sellers stopped at $7,100 and corrected the previous wave of growth by 61.8%. To move to $8,500, it is necessary to fix above $7,640. The working...
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Daily Trending Bitcoin News and Market Sentiment: SEC Approves BTC Futures, BIS GM Now Likes CBDC (bitcoinnews.com) 12/07/2019 - 9:19am
Bitcoin is pushing upwards as a daily high of USD 7,619 looks to be breached The US SEC has given approval to the NYDIG Bitcoin Strategy Fund to offer shares to institutional investors BIS general manager Agustin Carstens says that central banks could build more efficient and inclusive financial systems using CBDCs Bitcoin markets have flung aside...
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Blockchain-Based Brave Browser Surpasses 10 Million Active Users Per Month (bitcoinnews.com) 12/06/2019 - 6:58pm
The blockchain-based Brave browser is seeing increasing adoption and has surpassed 10 million active users per month The number of people who actively use the Brave browser has grown from 8.7 million in October to 10.4 million in November, an increase of 19%. Further, the Brave browser has seen consistent growth all year , with the number of...
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New Hindu Nation Off Ecuador Will Use Crypto (bitcoinnews.com) 12/06/2019 - 8:58am
A new island nation off the coast of Ecuador called the Republic of Kailaasa plans on using cryptocurrency The crypto will be based on a Dharmic economy where people get wealth by being charitable Nithyananda, a Hindu spiritual leader who has numerous followers but is technically a fugitive on the run from Indian authorities, is establishing the...
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Ethereum Price and Technical Market Analysis 5th December 2019 (bitcoinnews.com) 12/05/2019 - 6:59pm
Sellers lose strength in the price zone $140-145. Sellers’ marginal positions have sharply decreased under the influence of yesterday’s price growth. $171 is still the final point of probable growth. Yesterday’s situation with the emotional local price reversal in Bitcoin market had impacted Ethereum price. However, the range of Ethereum price...
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Kazakhstan Decides not to Tax Cryptocurrencies (bitcoinnews.com) 12/05/2019 - 5:18pm
No tax on crypto mining in Kazakhstan until crypto is converted to fiat In a bold move, the Kazakhstan government has announced that it won’t target cryptocurrency for taxation purposes in its territory until it are converted into fiat currency. The move was reported by a local business publication named Kursiv. According to the reports, a...
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CREDIT Crypto a Hit Among Emerging Markets (bitcoinnews.com) 12/05/2019 - 8:49am
Johannesburg blockchain project and trading platform TERRA has been making headway via 8 products designed specifically for emerging markets like Nigeria. These 8 products are complementary to TERRA’s main offering, the decentralized cryptocurrency CREDIT. Product Line Up The products — MiniPOS, Terra.Credit, Terra Hub, The Tellus Ecosystem, Terra...
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Bitcoin Price and Technical Market Analysis 5th December 2019 (bitcoinnews.com) 12/05/2019 - 8:19am
After the test of $7,100, buyers organized an aggressive counterattack. Fixing above $7,500-7,800, buyers will create a new signal to continue growth with the first target $8,500. Marginal positions of buyers have reached their historical high. Yesterday, the movement of Bitcoin price was quite interesting and intense. Buyers and sellers...
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Bitfinex Users Can Use Bitcoin Lightning Network to Shop (bitcoinnews.com) 12/05/2019 - 12:39am
Bitfinex has announced a partnership with Bitrefill, allowing users to instantly buy goods and services with Bitcoin Only days after Bitfinex announced that it had become the first major crypto exchange to integrate the Lightning Network, which facilitates instant deposits and withdraws for practically zero fees, Bitfinex has announced that it has...
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Blockchain Will Decrease Supply Chain Costs in Western Europe (bitcoinnews.com) 12/04/2019 - 6:59pm
A study shows blockchain use in the supply chain of Western Europe could decrease costs by USD 450 billion Industrial businesses can expect 25% increase of gross return on capital by 2035 According to a study conducted by Cointelegraph Consulting and Switzerland based blockchain firm Insolar, costs relating to supply chain in Western Europe could...
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Bakkt CEO Appointed US Senator (bitcoinnews.com) 12/04/2019 - 4:29pm
Bakkt CEO Kelly Loeffler was officially appointed this morning to fill a vacant United States Senate seat for the state of Georgia She will serve at least until 20 January 2021 and could even run for office in November elections to remain in Congress The Governor of Georgia, Brian Kemp, has officially appointed Bakkt CEO Kelly Loeffler to fill a...
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Bitcoin Price and Technical Market Analysis 4th December 2019 (bitcoinnews.com) 12/04/2019 - 9:34am
Buyers approached to the critical point $7,100 by passively pushing the price. Marginal positions of buyers continue to grow, despite the great prospect of the fall continuation. If buyers don’t keep $7,100, the next local target is $6,800. Yesterday’s trading day on Bitcoin market ended quite calmly. Sellers with the same passive pace tried to...
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Bitfinex First Major Crypto Exchange to Integrate Lightning Network (bitcoinnews.com) 12/03/2019 - 6:56pm
Bitfinex has become the first major cryptocurrency exchange to integrate the Lightning Network, facilitating instant deposits and withdraws Capacities are 1.5 BTC for withdrawals and 3.5 BTC for deposits Bitfinex has announced that they are now running a full Lightning Network node, which allows customers to open up payment channels for instant...
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Binance CEO: Turkey Among Most Crypto Progressive Countries (bitcoinnews.com) 12/03/2019 - 3:45pm
Changpeng Zhao praised Turkey’s role in blockchain development during an address at the Turkish Capital Markets Summit The open-minded approach of Turkey to innovation will drive crypto adoption Binance CEO Changpeng Zhao has lauded the role of the Turkish public and government in the development of the blockchain sector and has said that Turkey...
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Ethereum Price and Technical Market Analysis 3rd November 2019 (bitcoinnews.com) 12/03/2019 - 1:10pm
Sellers continue to dominate the market. To improve their mood, buyers need to conquer the price mark $167. Continuation of consolidation in the range $135-160 is a likely scenario for a whole week. The previous trading week on Ethereum market ended with a test of the purple range $135-140 and a temporary stop of the price fall. Although, sellers...
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Daily Trending Bitcoin News and Market Sentiment: Bullish Crossovers, Swiss Bitcoin ETP, Bitfinex Gets Lightning (bitcoinnews.com) 12/03/2019 - 10:26am
50-week and 100-week MA crossovers due next week, suggesting incoming bull run Swiss stock exchange SIX lists physically-settled Bitcoin exchange-traded product Bitfinex announces Lightning Network exchange transactions Bitcoin refuses to give up in mid-week trading, retesting yesterday’s low again at about USD 7,238 ( CoinDesk ) but generally...
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Bitcoin Price and Technical Market Analysis 3rd December 2019 (bitcoinnews.com) 12/03/2019 - 6:53am
Buyers can’t fix above $7,500-7,800. Marginal positions of buyers are constantly growing and it does not correspond to the market situation. If buyers do not keep $7,100, the final target of the fall is $5,550. The new trading week in Bitcoin market has begun with the update of the local low and the test of Bitcoin price $7,206. Buyers for the...
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Blockchain-Based P2P Solar Energy Trading a Reality in India (bitcoinnews.com) 12/02/2019 - 3:10pm
India’s Uttar Pradesh state ties up with Australian blockchain startup Power Ledger to facilitate peer-to-peer solar energy trading Uttar Pradesh, the largest state in India by population, has developed a blockchain-based solar energy trading infrastructure. The government buildings in Uttar Pradesh will use solar devices to generate electricity,...
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Daily Trending Bitcoin News and Market Sentiment: Macro Bear Over, Neural BTC Price Predictions? (bitcoinnews.com) 12/02/2019 - 5:15am
Asian profit-taking has bumped Bitcoin price down but USD 7,200 is stubbornly holding Bullish daily charts, MACD and oversold RSI align to suggest the macro bear market is over Indian data scientist Abhinav Sagar claims to have cracked neural price prediction in crypto markets Bitcoin markets are fighting hard to ensure they do not lose the gains...
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Bitcoin Price and Technical Market Analysis 1st December 2019 (bitcoinnews.com) 12/01/2019 - 10:00am
Bitcoin price fell by almost 30% in November. The critical point for buyers is USD 6900. The test of USD 9500 with possible upward growth up to USD 11,500 is a probable scenario for buyers if they fix above USD 7800. The time has come to summarize the month’s trade in the Bitcoin market and try to determine the future global scenario. As we see in...
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Bakkt CEO Kelly Loeffler Will Likely Become the Senator of Georgia This Week (bitcoinnews.com) 12/01/2019 - 5:00am
Bitcoin advocate and CEO of Bakkt, Kelly Loeffler will likely become the Senator of Georgia early this week According to a report in The Atlanta Journal-Constitution (AJC), the CEO of Bakkt, Kelly Loeffler, will likely be appointed as the Senator of Georgia early next week. This appointment is happening due to Senator Johny Isakson stepping down,...
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IBM Patents IoT And Blockchain Technology To Stop Drones From Stealing Packages (bitcoinnews.com) 11/30/2019 - 11:15pm
IBM has patented a system which integrates blockchain and IoT to detect if a drone steals a package Major shipping companies like Amazon, DHL, and FedEx have been developing drones that deliver packages, in order to cut down on delivery costs and time. However, IBM thinks drones may be used by criminals to steal packages, especially considering...
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Red Cross Takes to Blockchain to Boost Economy in Third World Countries (bitcoinnews.com) 11/30/2019 - 4:00pm
Red Cross societies of Norway, Denmark and Kenya launched blockchain-backed “local currencies” as a two-year scheme to mitigate the problems related to hard cash. Testing has already begun in Kenya and Ethiopia. The projects aim to reach 320,000 users in two years. In the rural areas of Kenya, the citizens face a very common problem associated...
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Ethereum Price and Technical Market Analysis 30th November 2019 (bitcoinnews.com) 11/30/2019 - 2:00pm
Before the range USD 155-160, the growth dynamics are slowing and the volumes are increasing. If it will be an unsuccessful attempt to fix above USD 160, it’s important for buyers to keep the mark USD 148 to continue their growth. In case of a breakdown of the price mark USD 166, the falling trend from 27 June will be completed. The trading week...
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Bitcoin Price and Technical Market Analysis 30th November 2019 (bitcoinnews.com) 11/30/2019 - 12:49pm
Trading volumes decrease with each growth candle. Sellers are weak in the price zone of USD 7550-7800. After fixing over the mark of USD 7800, the next target of buyers is USD 8800. Yesterday’s trading day on the market ended with Bitcoin price growth by 5%. It is quite easy for buyers to raise the price in the local price zone of USD 7550-7800...
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Ghana May Launch National Digital Currency in Near Future (bitcoinnews.com) 11/29/2019 - 6:51pm
Ghana central bank will lead a pilot of a national blockchain-based digital currency likened to a stablecoin Ghana recorded 1.4 billion Mobile Money transactions in 2018, with e-payments booming in the country The Governor of the Bank of Ghana, Ernest Addison, has announced that the Central Bank and key stakeholders are piloting a digital currency...
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Bitcoin Price and Technical Market Analysis 29th November 2019 (bitcoinnews.com) 11/29/2019 - 4:01pm
Seller passiveness gives hope for growth continuation to local target of $8,170. In case of active growth continuation, the final target of buyers is $9,100-9,300. Yesterday’s trading day on the Bitcoin market ended without much intrigue and excitement. After a sharp 11% growth of Bitcoin price on 27 November, the price stopped before the yellow...
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Daily Trending Bitcoin News and Market Sentiment: German Banks Love Crypto, Bounce Incoming? (bitcoinnews.com) 11/29/2019 - 12:16pm
The crypto markets are not faltering yet in their current rally, which has seen Bitcoin rise from around USD 6,500 just four days ago to a new weekly high so far today of USD 7,801 just minutes ago at 3:45 pm London time, just as North America takes over from Europe ( CoinDesk ). Tether is the only coin showing losses in the Top 10 by market...
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New German Law Allows Banks to Offer Crypto (bitcoinnews.com) 11/29/2019 - 10:24am
German banks may be allowed to offer cryptocurrency-related services through a new draft law in the Bundestag Previously, banks could only use 3rd-party services for crypto-related investments A new draft law being considered by the German parliament the Bundestag allows banks to deal in cryptocurrencies including Bitcoin . If eventually passed,...
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PR: MultiChain Crypto Project Traders Token (TRDS) Listed on First Cryptocurrency Exchange (bitcoinnews.com) 11/29/2019 - 6:03am
Cryptocurrency and Ethereum News: Traders’ Token ​ has announced that it has successfully listed on its first cryptocurrency exchange and is looking to become available on several other exchanges in the near future. November 2019. Traders’ Token ​ is a state-of-the-art ​ multi-chain cryptocurrency project​ that is looking to offer a portfolio-...
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Twitter’s Dorsey: Africa Will Determine Future of Bitcoin (bitcoinnews.com) 11/28/2019 - 6:59pm
It is Africa, and not Europe, that will be Bitcoin’s next frontier Poverty and other development areas will spur adoption in the continent Jack Dorsey , Twitter CEO and big cryptocurrency enthusiast, has predicted that despite the accelerated development and adoption in the European countries, it is Africa that will determine the future of the...
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Daily Trending Bitcoin News and Market Sentiment: Thanksgiving Hope, Fed Reserve Expanding (bitcoinnews.com) 11/28/2019 - 2:16pm
Bitcoin markets are soaring today, fresh off after shrugging off yesterdays temporary slide below USD 7,000, and is currently en route to recording new highs as bulls attempt to retrace a way back to USD 8,000 territory before the month is over. Our own BitcoinNews.com Technical Analysis also believes that we should be aiming for a price recovery...
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Blockchain Can Save $31 Billion from Food Fraud (bitcoinnews.com) 11/28/2019 - 2:04pm
Juniper Research recently published a report suggesting that blockchain can help save a whopping USD 31 billion over the next four years by preventing possible food fraud. The report mentions that notable savings can be discerned two years from now and the decrease in fraud will result in a direct reduction of compliance costs by 2024. As the...
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Bitcoin Price and Technical Market Analysis 28th November 2019 (bitcoinnews.com) 11/28/2019 - 6:17am
The middle trading week in Bitcoin market is behind. Today, buyers managed to defend the lower trend line of the blue channel and make a foothold for counterattack. As we can see in the daily timeframe, sellers have been actively trying to accelerate the fall for 5 days, going beyond the channel of Bitcoin price movement. These attempts, backed by...
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Bitcoin is Democratization of Savings, Says Hedge Fund Exec (bitcoinnews.com) 11/27/2019 - 6:59pm
Misir Mahmudov , a hedge fund executive working at Adaptive Capital, believes Bitcoin is a way forward for true democratization of savings. He gave these views during a recent post on microblogging platform Twitter. He is the brother of prominent Bitcoin promoter Murad Mahmudov and has praised the cryptocurrency before for its value to the masses...
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Ethereum Price and Technical Market Analysis 27th November 2019 (bitcoinnews.com) 11/27/2019 - 3:57pm
After a sharp fall of Ethereum price from the mark $180, buyers were finally able to get underfoot and organize a stop. In a few days, buyers and sellers sort out relationships in the narrow range $135-140 we have mentioned in our previous analyses . In this price zone was our final falling target and today we will try to analyze whether it is the...
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Bitcoin Price and Technical Market Analysis 27th November 2019 (bitcoinnews.com) 11/27/2019 - 10:55am
The second day of a new week in Bitcoin market was not marked by activity. After yesterday’s emotional movement of Bitcoin price, market participants today clearly decided to relax. This was because the total trading range was just over 3%. Also, looking at volumes which are almost 4 times lower than on yesterday’s daily candle, we can say that...
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South Korea Legislates for Institution of Crypto Legal Basis (bitcoinnews.com) 11/27/2019 - 8:05am
On 27 November 2019, South Korea passed an amendment to establish a legal framework for virtual currencies by categorizing them as digital assets. As reported by local news outlet Korea JoongAng Daily, the bill was passed by the National Assembly’s national policy committee, stating that, thanks to the bill, “cryptocurrency is one step closer to...
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Bitcoin Built to Survive Nuclear War (bitcoinnews.com) 11/26/2019 - 6:29pm
Bitcoin’s decentralized nature makes it resistant to nuclear war, as cryptographer and computer scientist Nick Szabo points out in a Tweet. A digital currency that would survive a nuclear war: the full Bitcoin transaction history, all the way back to the genesis block, exists in over 9,000 copies located in over 90 countries — and that's just...
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Daily Trending Bitcoin News and Market Sentiment: Halving Interest Spike, Red Cross Blockchain (bitcoinnews.com) 11/26/2019 - 2:02pm
Some much welcome relief in the crypto markets today as Bitcoin bounced strongly off yesterday’s incredible low near USD 6,500 and has traded the past 24 hours above USD 7,000, ensuring that support level remains intact for the mid-week trading channel. Of course, the danger has not been averted and we still have a long week before the end of...
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Moneygram, Ripple Partner to Provide Cross-Border Payments Settled in Seconds (bitcoinnews.com) 11/26/2019 - 3:28am
Ripple and Moneygram entered into a partnership earlier this year, with Ripple agreeing to invest a total of USD 50 million into Moneygram stock, and to buy that stock above market value in order to provide funds for the latter’s expanding operations. Now, Ripple has completed this commitment via a final USD 20 million investment, but this is only...
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Fidelity Creates ERC-1404 Crypto for Employee Rewards (bitcoinnews.com) 11/25/2019 - 6:56pm
Fidelity Investments , a financial giant with nearly USD 2.5 trillion of assets under management, has been experimenting with an internal cryptocurrency for employee rewards . Specifically, Fidelity’s Center for Applied Technology (FCAT) Bits and Blocks Club partnered with Tokensoft to launch an ERC-1404 token. ERC-1404 is a protocol for creating...
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Ethereum Price and Technical Market Analysis 25th November 2019 (bitcoinnews.com) 11/25/2019 - 4:12pm
The new trading week on Ethereum market began with attack of the price zone $135-140. Sellers without ceremony immediately got into gear and began to attack the important Ethereum price zone on increased volumes. Now that sellers have managed to update the local low, the price is again within the black wedge and is now moving to its lower trend...
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Bitcoin Price and Technical Market Analysis 25th November 2019 (bitcoinnews.com) 11/25/2019 - 12:49pm
Sellers began a new week with a pretty confident attempt to break the bottom trend line of Bitcoin price falling channel. Analyzing Bitcoin market last week, it is clear that sellers have given only one chance for buyers to counter attack. It happened on 22 November, when the price firstly tested the lower trend line of the blue channel. This test...
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Whale Transfers USD 310 Million Of Bitcoin And Pays A Fee Of Only USD 0.32 (bitcoinnews.com) 11/25/2019 - 4:06am
An account with a large amount of Bitcoin, i.e., a whale, sent approximately 44,000 Bitcoins worth USD 310 million on 24 November. The most remarkable thing about this massive transaction is that the transaction fee was a mere BTC 0.00004551, equivalent to USD 0.32. Every Bitcoin transaction requires a transaction fee, which is paid to the miners...
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JPMorgan Chase Patents Blockchain Technology For Tracking Auto Dealer Inventory (bitcoinnews.com) 11/24/2019 - 7:00pm
JPMorgan Chase, a financial powerhouse with assets in excess of USD 2.76 trillion, has patented a blockchain-based technology that facilitates a distributed ledger version of floorplan lending. Essentially, floorplan lending allows auto dealers to put up their car inventory as collateral for a revolving line of credit. However, this can be an...
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Bitcoin Price and Technical Market Analysis 24th November 2019 (bitcoinnews.com) 11/24/2019 - 11:44am
Without much intrigue ends the trading week on the Bitcoin market. From the first day of the new week, sellers have been steadily lowering Bitcoin price and this weekend there were no miracles. Yesterday’s candle is closed ambiguously and looks very contrasting with the sellers’ previous aggressive candle. The price moved in the narrow range of 3...
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Bitcoin Up 72 Million Percent In Less Than A Decade (bitcoinnews.com) 11/24/2019 - 8:33am
A new calculator from OnChainFX calculates the return on investment (ROI) on Bitcoin for any time since August 2011. Almost exactly 8 years ago Bitcoin was in the depths of a bear market, with the price declining 94% from USD 31.91 to USD 1.91, but since then Bitcoin is up an astonishing 377,000%. The numbers become even more spectacular when...
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South Korea to Invest $400 Million for Blockchain R&D (bitcoinnews.com) 11/24/2019 - 5:00am
South Korea has yet again showcased its support for the blockchain technology when the Ministry of Science and Technology announced an investment of about USD 400 million (KRW 450 billion) dedicated to blockchain development in 2021. As per a local news website, the investment will be carried out over a span of six years. For now, through this...
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