josephyoung

  • Crypto

    Long-Time Critic Explains Why Bitfinex is Unable to Work With Banks

    Bitfinex’ed, a long-time critic of Bitfinex and Tether LLC, a company that oversees the development of stablecoin Tether (USDT), has stated in an interview with Modern Consensus that the “pretend KYC/AML” system of Bitfinex is preventing the exchange from obtaining banking services. For years, from the shutdown of...

    Joseph Young | October 18, 2018 | 3:00 pm
  • Bitcoin

    Premium of GBTC Has Fallen Substantially: What Does it Mean For Bitcoin?

    On October 18, cryptocurrency trader and technical analyst Eric Thies released a comparative chart of Bitcoin and Bitcoin Investment Trust (GBTC), a publicly tradable instrument that allows investors in the public stock market to invest in BTC. According to Thies, the drop in the premium of GBTC is...

    Joseph Young | October 18, 2018 | 2:00 pm
  • Bitcoin

    $50,000 to $2,800: How Bitcoin Price Targets of Experts Dropped 95%

    In early 2018, when the price of Bitcoin (BTC) first dropped from $20,000 to $6,000 and recovered to $11,000, the majority of traders and investors were still highly optimistic in the short-term price movement of the dominant cryptocurrency. Respected entrepreneurs and investors including BitMEX CEO Arthur Hayes, Morgan...

    Joseph Young | October 18, 2018 | 1:00 pm
  • Crypto

    What Prompted Poloniex to Abruptly Shutdown Crypto Margin Trading?

    Poloniex, one of the oldest cryptocurrency exchanges in the market, has recently initiated the process of shutting down its crypto margin and lending products for US-based users. In an official announcement released on October 4, the Poloniex team stated: “By the end of the year, we’re taking steps...

    Joseph Young | October 4, 2018 | 11:25 am
  • Ethereum

    Major Wall Street Institutions are Finally Launching an Ethereum Futures Market

    Chicago Board Options Exchange (Cboe), $29 billion brokerage firm TD Ameritrade, and several other large investment firms are supporting the launch of ErisX, a futures market that will integrate Ethereum, Bitcoin Cash and Litecoin along with Bitcoin. Frank Chaparro at The Block exclusively reported that former Citigroup Head...

    Joseph Young | October 3, 2018 | 3:11 pm
  • Bitcoin

    Report: How Bots on Crypto Exchanges are Manipulating the Price of Bitcoin

    As the office of New York Attorney General Barbara D. Underwood said in September, bots on large-scale crypto ecxhanges have been manipulating the price of Bitcoin for many years. The report released by Attorney General Barbara D. Underwood read: “When any venue tolerates manipulative or abusive conduct, the...

    Joseph Young | October 3, 2018 | 7:00 am
  • IRS
    Bitcoin

    Big Institutional Investors are Buying Large Amounts of Bitcoin in OTC Market

    Bobby Cho, the global head of trading at Cumberland, a Chicago-based cryptocurrency trading company, has stated that a growing number of high net-worth individuals and institutional investors are accumulating Bitcoin (BTC) through the over-the-counter (OTC) market. While some cryptocurrency market data providers estimate the daily trading volume of...

    Joseph Young | October 3, 2018 | 6:00 am
  • bitcoin cash
    Crypto

    How Much of the 20% Surge of Bitcoin Cash is Affected by Bitmain IPO?

    Over the past 24 hours, Bitcoin Cash recorded a 20 percent surge in its price as the best performing cryptocurrency in the global market. Within merely hours, the price of BCH increased from $440 to $540, by more than 25 percent at one point. Analysts have attributed the...

    Joseph Young | September 27, 2018 | 5:03 am
  • Industry

    Major US Crypto Exchange Gemini to Expand to UK, Improvement For Europe

    For many years, the crypto exchange market of Europe has lagged behind the US, Japan, and South Korea in terms of infrastructure, regulation, security, and liquidity. According to FT, two sources close to Gemini have stated that the major US-based crypto exchange has hired advisers to consult the...

    Joseph Young | September 24, 2018 | 8:06 am

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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