Things moved pretty fast overnight in the bitcoin price and we've seen the market take a bit of a hit on the late US volume. Price is currently trading in and around the 5670 level, which is a little down on the levels we were looking at heading into the crossover session last night, and how long this dip will last remains to be seen. If the action that we got over the weekend and into this fre...
Coinbase, the world’s largest bitcoin wallet platform and cryptocurrency startup with a $1.6 billion market cap, has released an update on its support for SegWit2x and Bitcoin Gold, clarifying that the original Bitcoin blockchain will continue as “BTC” without the need for conditional integration. In an official announcement, Coinbase stated: “The Bitcoin Segwit2x fork is projected to ...
One of the planet's largest cryptocurrency exchanges, Bittrex, has announced that they will not support Bitcoin Gold trading immediately. Whilst they state that all Bitcoin (BTC) balances will indeed be credited the equivalent number of Bitcoin Gold (BTG) tokens following the hard fork, they will not provide trading options for the asset. At block 491,407, a snapshot of the blockchain will occur, ...
In a statement that will no doubt have many readers uttering "well, duh", Saudi Arabian businessman and billionaire Prince Alwaleed has come out with scepticism about Bitcoin. Speaking on CNBC's "Squawk Box", the grandson of the first Saudi King had the following to say of the digital asset: It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the superv...
We are heading into the close of today's trading out of Europe in the bitcoin price and we have had a pretty volatile day so far. Things started off relatively quiet, and we got the period of consolidation that we were looking for and that we outlined in this morning's analysis is likely to take place before any major breakouts happened. Pretty quickly, however, things started moving and we manage...
Bitcoin investors and holders using the Trezor bitcoin hardware wallet prior to the Bitcoin Gold (BCG) hard fork that is expected to be executed on November 26, will be credited with BCG. Earlier today, on October 23, Trezor stated: “Yes, TREZOR (the device) supports Bitcoin Gold. As previously mentioned, at the moment of the fork, if you have bitcoins on your TREZOR, you will also receive b...
ABC News, a national news service in Australia, has reported that bitcoin price is following a “parabolic trend,” as it surged from less than $4,500 to $6,199 within less than two weeks. Since early 2017, mainstream news networks and media outlets in major regions such as Australia, South Korea, Japan, and Switzerland have started to provide extensive coverage of bitcoin alongside reser...
We are underway with a new week of trading in the bitcoin price right now and things are already moving pretty fast. Action over the weekend gave us plenty to trade, with price jumping around all over the place but, importantly, trending to the upside as part of some overarching momentum. How things will play out today remain to be seen, but it looks as though we may get a short period of conso...
The financial situation in Zimbabwe is no joke these days. Without an official national currency, the entire region relies on the US Dollar. This also opens up new opportunities for other forms of money, including Bitcoin. While one BTC is valued at almost twice the marketplace, this is not due to speculation. Instead, businesses have bills to pay and they need Bitcoin to do so. A very surprising ...
Earlier this month, highly regarded Bitcoin developer and Paxos principal architect Jimmy Song revealed that the Bitcoin Gold (BCG) hard fork will likely occur before the SegWit2x hard fork, which is expected to be executed in mid-November. What is Bitcoin Gold? Response From the Industry According to Song, Bitcoin Gold is a hard fork proposal drafted and introduced by bitcoin miner Jack Liao. T...
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