Category: Analysis

Litecoin Continues to Trend in Bearish Area No Comments

The lack of substantial trading volume is keeping Litecoin to where it was – in a long-term bearish bias. From over a week, the silver coin is limitedly consolidating sideways and has tested 1.90 as the key support level. It meanwhile has attempted to break above 2.20 – 2014’s low and now an important resistance level. As you can refer the 4H chart above, the 26- and 12-hour EMAs are alm...


Is Falling Bitcoin Value a Cause for Concern? No Comments

In the short term, the answer is yes. Despite numerous encouraging announcements in the cryptocurrency industry, Bitcoin faces downward price pressure in the near term. Some of this downward pressure is inherent, as roughly 3600 Bitcoins are mined per day. Taking it a step further, at a price of $300 per Bitcoin, $1,080,000 of new Bitcoin must be purchased every day to maintain the current price. ...


Bitcoin Mining Centralization Counteracted by Malicious Pools, Says Study No Comments

Bitcoin mining centralization – the concentration of mining power in the hands of a small number of corporate entities – is considered by many people to be the single biggest problem facing the cryptocurrency today. One of the biggest selling points of Bitcoin is, after all, the fact that it is a decentralized network that does not need to rely on users trusting large corporations, such as th...


Litecoin Market in Chaos as Bitcoin Continues to Sink No Comments

As bearish continuations continue to plague the Bitcoin trading market, other cryptocurrencies are also facing the wrath of such pessimism. For over a week, each and every top altcoin (except the centralized ones like Stellar and Ripple) have come closer to their respective price bottoms. However, our focus here is on Litecoin, the second-most traded cryptocurrency in the world. Being the close...


Ripple Value Explodes, Accused of Being Artificially Pumped No Comments

[Update: It has been found that Ripple have been experiencing a huge inbound money from companies all around the world, thanks to one of our readers. As for now, the accusation mentioning it to being artificially pumped stand nowhere.] If the figures available at CoinMarketCap.com are to be believed, Ripple value went through a whopping 30% surge in between the November 26th and 27th trading se...


Trading Panel

Bitcoin Price Hits Low of the Year Today No Comments

The value of bitcoin has descended over thirty percent over the past month, reaching a 2014 low of $322 USD at the Bitstamp exchange on Saturday. The price has descended nearly 8 percent in the past twenty-four hours (dropping about $30), leading many to ask: what in the world is going on? Social media is littered with discussion on the matter, and you can sense the overwhelming feeling of fear...


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Poll Review: The Proposed NYDFS BitLicense Regulations No Comments

Since the New York Department of Financial Service released their BitLicense proposal for a public commenting period, there's been a lot of chatter surrounding the topic. One one side you have the people that think this could be a very good start to regulating bitcoin, and then you have the folks who have crossed their arms and are shaking their heads vigorously with disappointment. I wanted to ...


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Poll Review: How Important is the Price of Bitcoin? No Comments

Just how important is the price of bitcoin? The question could be considered subjective, and that's why it was the topic of last week's poll (which you can find in the lower right-hand corner of all pages). So, getting right to it, it would appear that the price of bitcoin is a big deal compared to really not mattering. Of 134 total votes, about 64 percent of voters said the price of bitcoin "i...


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There Are Now Over 200 Bitcoin ATMs in Service Globally No Comments

We really started to hear a lot about bitcoin ATMs late last year, when Las Vegas-based Robocoin launched the first two-way ATM in a downtown Vancouver coffee shop (that device went on to process over $1 million CAD in transactions in one month). Since then, to say that this industry has flourished is an understatement. According to the Bitcoin ATM Map -- a service that keeps track of bitco...


Bitcoin Pile

Bitcoin Price Rebound: Up 85 Points in 3-Day Span No Comments

Bitcoin is exciting. Not only do we have this incredible technology at our hands, but the price of this digital currency seems to do very wild things. Many would argue that that's the appeal of bitcoin. It's an opportunity to take part in the changing of how we interact with money, but it's also a new opportunity to make or lose money. Beads of sweat dripped from the faces of many in the commun...


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