Day: November 24, 2016

insurance sector

Japan’s Mitsui Sumitomo Introduces New Bitcoin Insurance No Comments

The cryptocurrency revolution is opening up new markets for conventional businesses as well. The insurance industry is one such sector that can capitalize on the increasing demand. Mitsui Sumitomo, the Japanese insurance major has announced its plans to offer a new product exclusively for the cryptocurrency sector. Cryptocurrency exchange platforms around the world are under constant threat of ...


Bitcoin Price Watch; A Wasteland Of Volume No Comments

That's it out of Europe for the day, and we are now heading into what's probably going to be a wasteland for bitcoin price traders this afternoon in the US. Thanksgiving is going to suck volume out of the markets, and in all likelihood, we're going to see no real action until Asia wakes up for the Friday session. We're going to set up against price anyway - sometimes some of the biggest moves come...


Swift Blockchain

Swift Boasts Blockchain Technology Will Not Disrupt Their Business Model No Comments

Financial infrastructure is on the brink of being disrupted by new technologies. Mainly blockchain technology is one of the contenders to disrupt the financial sector as we know it. Swift, one of the world’s leading money transfer protocols, will make sure they are not replaced by distributed ledgers. A very bold statement that will require a lot more than just strong words. The vast majorit...


Trade More Bitcoin Pay Less Fee Coinbase. newsbtc bitcoin news.

Is IRS Overstepping Boundaries by Issuing Summons to Coinbase? No Comments

The eyes of the cryptocurrency community are on Coinbase ever since it got served with a John Doe summons by the IRS. The summon requires Coinbase to hand over all information pertaining to the platform's users between 2013 and 2015. The issue of generic, blanket information request by the IRS has given rise to few questions regarding the powers of the government institution and constitutional ...


Bitcoin Price Watch; Thanksgiving Volatility No Comments

To all our American readers, let's kick things off with a Happy Thanksgiving! I'm guessing volume is probably going to be down a little bit throughout the session today, with the major financials markets shut down across the US, and the early finish tomorrow on the stocks exchanges, but that doesn’t necessarily mean we won't get any volatility. Sometimes as a result of the low volume we get chop...


Tendai Biti Bitcoin Zimbabwe

Tendai Biti: “Zimbabwe Should Adopt Bitcoin As The National Currency” No Comments

Zimbabwe is a country that has gone through several financial crises already. Every time such an event takes place, there is someone to solve the problem. The last person to do so is Tendai Biti, who now has a radical plan to save the country’s economy. Rather than introducing new denominated bills, he feels Bitcoin may hold the answer to every problem. A rather unconventional turn of events, bu...


Ethereum Classic Price Technical Analysis

Ethereum Classic Price Technical Analysis – ETC/BTC Almost Tested 0.00100BTC No Comments

Key Highlights Ethereum classic price extended its downside move, and almost tested our long waited target of 0.00100BTC. Yesterday’s highlighted bearish trend line formed on the hourly chart (data feed via Simplefx) of ETC/BTC acted as a resistance at 0.00108BTC and pushed the price down. The price remains at a risk of more declines in the short term as long as below 0.00108BTC. E...


Ethereum Price Technical Analysis

Ethereum Price Technical Analysis – Can ETH/USD Break This? No Comments

Key Highlights ETH price continue to struggle against the US Dollar even after a successful Ethereum network 4th Hard Fork. There is a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently holding the downside. A break below the trend line support area may open the doors for more losses. Ethereum price is under a bearish pressure once a...


Bitcoin Price Technical Analysis for 11/24/2016 – Eyes on This Triangle No Comments

Bitcoin Price Key Highlights Bitcoin price has formed lower highs and higher lows, creating a symmetrical triangle pattern visible on its short-term chart. Price is currently testing support and might be due for a bounce back to the resistance. Technical indicators are giving mixed signals, although a downside break seems possible. Bitcoin price is consolidating inside a symmetrical ...


NAV Coin’s Anonymous ‘NAVTech’ Network Is Online No Comments

When last we covered NAV Coin, they were in the midst of some massive upgrades. Instead of forking their blockchain, however, they decided to start a new one, which recorded the old balances in its genesis block. Despite warnings, exchanges such as Poloniex were slow to switch over, resulting in unprecedented arbitrage opportunities. Many speculators were probably disappointed when the new NAV ...


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