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Tag Archives: bitcoin

Bitcoin News Roundup 19 Sep 2015

Recapping the week’s biggest Bitcoins stories from around the web. Nine leading investment banks join forces on a blockchain startup. As Justin O’Connell of CryptoCoins Newswrites, Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS, all partnered to integrate the blockchain technology into their services. The initiative aims to launch new industry ... Read More »

Bitcoin Price Analysis 16 sept 2015

BITCOIN PRICE THIS WEEK This week, bitcoin’s price gradually declined to a low of $ 227, from last week’s $ 240. It has been a slow grind down from the past 4 week high, $ 247. Trading is now ranging within the rectangle, on a sideways trend that almost always precedes a break out. Up or down? “If bulls can’t ... Read More »

Bitcoin News Roundup – 13 Sep. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Scotland should launch its own digital currency. According to a report released by The New Economics Foundation, Scotland has all the potential to introduce the “ScotPound” and capitalize on the benefits of a digital currency. The independent economic committee thinks that such a scheme would create a new field for ... Read More »

Bitcoin Price Analysis 10th September

THIS WEEK ON BITCOIN This was price action observed this week, from last week’s price analysis (highlighted). A predominant sideways,, range bound action featured last week, but was bound to break out at some point. On 5 September, market broke out upwards from a $233 – $225 trading range. The first signal of an upper break out was naturally followed ... Read More »

Bitcoin News Roundup – 6 Sep. 2015

Recapping the week’s biggest Bitcoins stories from around the web. UBS envisions on making the virtual currency mainstream. According to Anna Irrera of The Wall Street Journal, the leading Swiss bank is working on a “prototype virtual currency” that it will hopefully be used asa “utility settlement coin”. Even if two financial institutions that use different platforms built on blockchain ... Read More »

Bitcoin Price Analysis September 2nd

This was price action this week – an uninspiring sideways trend with a bit of bullish intent that failed at $239. The rest of it was Meh. Since turning from bottom at $196.6, volume is visibly thin after a V-channel retracement going up till $230. The dragon-fly doji pattern at $296 vindicates the move that followed, but looks suspect after ... Read More »

Bitcoin News Roundup – 30 Aug. 2015

Recapping the week’s biggest Bitcoins stories from around the web. U.S teenager has been arrested for facilitating ISIS with bitcoins. As Deepak Tiwari of Bitcoinistwrites, Ali Shukri Amin, 17 has been sentenced to 11.3 years in prison for funding ISIS. According to the U.S. Department of Justice, Amin was arrested for providing advice to ISIS supporters as well as instructions ... Read More »

Bitcoin Price Analysis 27th August

After last week’s flash crash on Bitfinex, that dragged the market down to low 200s – $220 on most exchanges vs $162 on BFX, the market retraced up this week to a max high of $236. That was about it in terms of buying interest as the prices traded within a sideways 10 dollar range – upper ceiling of $236 ... Read More »

Bitcoin News Roundup – 23 Aug. 2015

Recapping the week’s biggest Bitcoins stories from around the web. An American startup unifies Internet of Things with the blockchain technology. As Stacey Higginbotham of Fortune reports, Filament has raised $5million in a Series A funding round led by Bullpen Capital to leverage blockchain for IoT. Filament has built Tap, a rugged sensor package and technology network that allows its ... Read More »

Bitcoin Price Analysis 19th August

Bitcoin Market Fundamentals FinCEN, new ruling on commodity backed digital assets This week, Coindesk reported FinCen’s response to an anonymous company inquiry, ruled that asset backed virtual currency tokens were not exempted from money transmitter laws subject to some preconditions. For instance companies working with tokens and coloured coins that allow customers and 3rd parties to exchange certificate of deposits ... Read More »

Bitcoin News Roundup – 16 Aug.2015

Recapping the week’s biggest Bitcoins stories from around the web. Following 2 years of analysis of the cryptocurrency technology and its impact on the financial services, PricewaterhouseCoopers issues “Money is no object: Understanding the evolving cryptocurrency market” report. As SaadAsad of 99bitcoins writes, PwC’s 17-page report identifies the key benefits of the cryptocurrency as well as the major players in ... Read More »

​Bitcoin Price Analysis 12th August

BBVA Bank of Spain on mainstreaming Bitcoin BBVA bank, Spain’s second largest bank, this week released a video tutorial on how to send and receive payments via bitcoin! The video, walks users through the process of opening a wallet, backing it up, purchasing and sending bitcoins. It also simultaneously released a report on blockchain technology title Blockchain technology poised to ... Read More »

Bitcoin News Roundup – 08 Aug.2015

Recapping the week’s biggest Bitcoins stories from around the web meXBT acquires CoinRepublic as part of its planned expansion inthe Asia-Pacific region. According to Joseph Young of Bitcoin Magazine, through the acquisition of Singapore-based CoinRepublic, the leading Mexican bitcoin exchange aims to capitalize on the established relationships with local banks and major financial institutions and expand its customer base. CoinRepublic’s ... Read More »

Bitcoin Price Analysis 5 Aug

Greek Stocks Tumble on 1st day Re-open Shanghai’s Stock exchange poor run was overshadowed on Monday by Greek stocks, falling 23% below open. This was the first day of trading after a 1 month hiatus over EU-drama imposed capital controls. Banks stocks shed as much as 30%, despite strict controls on short selling and more measures to quell the market. ... Read More »

Bitcoin News Roundup – 01 Aug.2015

Recapping the week’s biggest Bitcoins stories from around the web. Mark Karperles, former Mt. Gox CEO, is facing charges of fraudulent system manipulation.According to Drew Cordell of Bitcoinist, Tokyo’s Metropolitan Police Department has charged Karperles with “fraudulently producing and using private electromagnetic records”, with the aim to manipulate the exchange’s system and inflate the balance of fake bitcoin accounts. Although ... Read More »