Key Points Bitcoin price declined this past week and moved below the $10,000 level against the US Dollar. There was a break below a major bullish trend line with support at $10,350 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair must stay above the $9,300 and $9,000 support levels … Continue reading Bitcoin Price Weekly Analysis – Can BTC/USD Hold $9,000?
Key Highlights ETH price declined recently and moved below the $860 support level against the US Dollar. There is an expanding triangle forming with resistance at $870 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair may continue to decline as long as it is below the $870 resistance level. Ethereum price … Continue reading Ethereum Price Weekly Analysis – ETH/USD Bearish Below $870
Key Points Bitcoin cash price started a fresh decline this past week and moved below $1,250 against the US Dollar. There is a major bearish trend line forming with resistance at $1,310 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair may continue to decline and it could even break … Continue reading Bitcoin Cash Price Weekly Analysis – BCH/USD to Decline Further
Bitcoin is a very energy-inefficient project as of right now. The proof-of-work aspect has been discussed many times over. It seems community members are now advocating to change this algorithm altogether. With mining centralization becoming a real problem, such a change is not necessarily a bad thing. The Proof-of-Work Situation Generating new Bitcoins requires dedicated … Continue reading Is Proof-of-Work a Major Problem for Bitcoin’s Future?
Nebula, a cryptocurrency exchange which aims to provide support for cryptocurrencies that struggle to find affordable listing, will launch by the end of March with a unique reputation system. On major cryptocurrency exchanges like Binance and Bitfinex, it is difficult to find cryptocurrencies with small market valuations and shallow order books, because large cryptocurrencies tend … Continue reading Cryptocurrency Exchange Nebula to Launch in March, With Unique Reputation System
We are seeing a change of fortune as far as price action and altcoins is concerned. LTC, Lumens and DASH are on the fore front printing clear bull patterns that awaits confirmations today. Besides these three, we remain neutral on EOS unless we see a close above $9.5 while NEO is also encouraging as scalpers … Continue reading Altcoin Analysis: NEO, EOS, LTC, DASH and Lumens (XLM)
FOMO Moments There has been an unexpected turnaround this morning and the markets have rebounded a little. Weekends are usually times when selloffs occur, led by Asia, but today everything is in the green once again. Bitcoin is leading the pack with a 7.5% recovery on yesterday’s prices to $10.500, altcoins have followed it back … Continue reading Asian Altcoin Trading Roundup: Nano is Leading the Way
Beijing-based start-up Bitmain now dominates the Bitcoin mining industry. Last year it is estimated the company made as much money as chipmaker Nvidia did, according to estimates from researchers at Wall Street analyst Bernstein. Based on conservative estimates, the analysts calculate that Bitmain made $3 to $4 billion in operating profit last year. Bernstein’s U.S. semiconductor team estimates … Continue reading Mining Boom: Bitmain’s Profit Over $3 Billion According to Researchers
Despite rumours to the contrary, the UK government have announced that they will not be following the likes of Venezuela in launching their own digital currency for now. Whilst the Bank of England are indeed studying the implications of centrally-issued electronic currency, a government minister has stated that there are no plans in the immediate … Continue reading UK: Bank of England Researching Digital Currency, No Plans To Launch
GDAX, the trading arm of cryptocurrency brokerage Coinbase, announced today that they will implement full SegWit support for Bitcoin transactions in the coming days. The protocol upgrade aims to make transactions quicker and cheaper for users of BTC. GDAX Joins Coinbase and Bitfinex GDAX are the latest of the cryptocurrency industry’s major players to offer … Continue reading GDAX Announce Full SegWit Support, Network Fees Continue to Fall