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Tag Archives: bitcoin

Bitcoin Price Analysis 22nd October

This week bitcoin went up 10%, trending up from $250 to a week high of $ 275. The market exhibited intent this week, moving up strongly on the back of equally convincing volumes. Looking at this chart from last week’s analysis, the market had to overcome resistance at $250 (4) before moving up higher towards 100 EMA target at $276 ... Read More »

Liquid Sidechains and the Price of Bitcoin

Blockstream, a bitcoin startup with a team comprising of renowned architects of Bitcoin, cryptographers, and cypherpunk heavyweights, announced a product code named Liquid, set for release in Q1 2016. Liquid, a commercial sidechain, builds upon proposals set out in the original sidechains white paper. “Liquid offers instant transactions, providing a fast settlement layer for bitcoin exchanges, brokerages and other industry ... Read More »

Bitcoin News Roundup – 18Oct. 2015

Recapping the week’s biggest Bitcoins stories from around the web. George Kerevan of the Scottish National Party is a strong advocate of the bitcoin. As Yessi Bello Perez of Coin Desk writes, the Scottish MP, speaking at the SNP conference in Aberdeen, has urged his party to consider a trial of the ScotPound, a national digital currency that would coexist ... Read More »

Regulating the Unregulated: The Future of Bitcoin?

Bitcoin, though not completely anonymous, has been prized in our society as a stepping-stone for a privacy-minded and anonymous currency. Irregardless of the depreciating value of the Bitcoin, its creation will still be remembered for generations to come. However, there has recently been oncoming pressure from various organizations to regulate cryptocurrency such as Bitcoin, Litecoin, and Dogecoin. Why this pressure? ... Read More »

Bitcoin price analysis 14th October

BITCOIN MARKETS THIS WEEK This week the price of bitcoin mostly trended sideways, after breaking resistance at $241 and heading up to a peak at $249. What followed was a consolidation, a counter reaction to the preceding sharp rise. A slow grind downtrend followed and found a bottom just above $242, reaffirming this level as strong support. The tweezer bottom, ... Read More »

Identabit: The Solution to the Misgivings of Bitcoin?

Bitcoin, the currency of the future. This maxim has been associated with the Bitcoin since its creation. For technology-enthusiasts, the newly implemented Blockchain algorithm and the idea of a currency that was decentralized and accessible from all parts of the world was an enticing idea. Thus, the value of the Bitcoin spiked and early investors reaped tremendous harvests. However, for ... Read More »

Bitcoin News Roundup – 11 Oct. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Gemini bitcoin exchange is live. As P.H Madore of CryptoCoins News writes, the Winklevoss Twins have announced in the company’s blog that their long-waited bitcoin exchange has officially opened its doors to institutional and retail investors on October 8th. Gemini offers the four pillars of business, product, security, licensing and ... Read More »

Bitcoin price analysis 6th October 2015

This week, Bitcoin markets settled at a bottom, $ 235.11 and has been trending up since to current high (as of writing this) at $243. The most recent leg up was a $ 6 move up following consecutive green candles attempting to break past resistance at $ 240. This upper resistance level, was last reached on September 9th, after breaking ... Read More »

Saviour of Bitcoin? You decide

Guest Post by by Fred Rico – Computer Engineering Graduate from Europe currently working in the computer industry, who took the project of resurrecting Bitwasp (Open source marketplace software designed to use Bitcoin which was used by several failed markets over the past 2 years): Since 2009 many followers of the Bitcoin Crypto currency have searched for that illusive commercial ... Read More »

Bitcoin News Roundup – 04 Oct.2015

Recapping the week’s biggest Bitcoins stories from around the web. Europol releases report on the bitcoin, stating it could become the go-currency for digital criminals in the EU. According to The Paypers, Europol’s Internet Organized Crime Threat Assessment for 2015 focuses on criminal financing and how the cryptocurrency technology is used for criminal activity. Given that the bitcoin accounts for ... Read More »

Bitcoin price analysis 30 September 2015

This week, bitcoin’s price broke out strongly to the upside, a scenario expected in last week’s analysis. $224 was the final bottom, a firm base for a thrust up to $233 from the downtrend channel preceding this low. Breaking out of the downtrend was ultimately to be followed by a short run up in price, seen here as another trend ... Read More »

Bitcoin News Roundup – 28 Sep. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Chief economist at The Bank of England (BoE) views the bitcoin as a replacement for cash. As Giulio Prisco of Bitcoin Magazine writes, BoE’s chief economist, Andrew G Haldane, stated that the U.K. government might issue a digital currency to mitigate the failure of central banks to stimulate economic growth, ... Read More »

Bitcoin: Does the “Currency of the Future” tag still hold true?

“The next step in the evolution of money” “A de-centralized trust network” “Revolutionary Cryptocurrency” “Power to the people” “Lives without borders or limits” The Currency of The Future… The above headlines have been taken from various articles and literary publications since the creation of Bitcoin. It’s indicative of the acceptance and affinity shown by the global community, towards the arrival ... Read More »

Bitcoin Price analysis 23rd September

This week, bitcoin traded mostly in a sideways trend, with limited upside and downside breaks. $236 and $224 were the highest and lowest respectively; defining the range for this week’s price movement. $227 was a bottom for a $10 run up on Wednesday and Thursday, before retesting lows at $224 and moving up $10. It is now on a consolidation ... Read More »