Crypto EcoBlog
Hunter Horsley is the former product manager of Facebook. He now heads the Bitwise Asset Management firm and was largely responsible for the submittal of the company’s latest bitcoin-based exchange-traded fund (ETF) proposal that the Securities and Exchange Commission (SEC) so unceremoniously rejected.Horsley Has His Own Thoughts on LibraLibra – the famed cryptocurrency from Facebook that’s set for a 2020 debut – has been at the center of heavy attention as of late, and many regulators,...
Read More »Full Speed Ahead! Bitcoin Shoots Past $9,000 for First Time in a Month
Wow. For a currency that remains horribly vulnerable to price swings and volatility, bitcoin has really managed to fix itself up over the past two days. The currency is trading beyond the $9,000 mark – a massive improvement considering just three days ago it was stuck in the mid-$7,000 range.Bitcoin Is Defying All ExpectationsBitcoin has experienced a hard period over the past 30 days. Things started off bad in late September when Bakkt – the institutional crypto trading platform owned by the...
Read More »Rybkin Sentencing: More Proof That Criminals Like BTC
The following is proof that work hours should be devoted to work. Andrei Rybkin, a former Russian nuclear scientist, has been sentenced to three years in prison for mining bitcoin utilizing a plant’s computing power.Rybkin: Heading to JailAside from serving time behind bars, Rybkin will have to pay a fee of more than $3,000 (about 200,000 rubles) to court authorities. Sentenced on Thursday, Rybkin is one of three people that were potentially involved in an illegal mining network that...
Read More »Jack Dorsey: Twitter Will Never Join Forces with Libra
A lot of people don’t like Libra. We’ve already established that, but now Jack Dorsey – the CEO of both Square and Twitter and arguably as big a social media conglomerate as Mark Zuckerberg – is taking aim at the project, claiming that Libra isn’t even a cryptocurrency.Dorsey: We’ll Never Join with LibraOne social media CEO is attacking the other, and Dorsey – while speaking at a Twitter News Summit in New York City – explained that Libra could be just a “gimmick;” a false and phony project...
Read More »Gold-Based Company Submits Application for Bitcoin ETF
It looks like the love and hype surrounding a bitcoin exchange-traded fund (ETF) hasn’t dissipated completely. A gold fund company has gone crypto and is now developing a new bitcoin ETF that’s currency being reviewed by the Securities and Exchange Commission (SEC).Is Another Bitcoin ETF Heading Our Way?The company bringing the ETF proposal this time around is Kryptoin, a gold-based enterprise situated in Delaware. At the head of the operation is the Jason Toussaint, the former managing...
Read More »Analysts Warn That Bitcoin Could Drop Even Further
Well, it looks like bitcoin’s fall to $7,400 yesterday was no fluke. It was reported that the currency was potentially moving back up the financial ladder after its initial drop, though now it seems like it has fallen back into the $7,400 range, and many are wondering if bitcoin has what it takes to gain further momentum.Bitcoin Is in Hot Water All Over AgainThe last month has been extremely difficult for the world’s largest cryptocurrency by market cap. Things initially got ugly in late...
Read More »Mark Zuckerberg: Libra Can Make the U.S. a Financial Leader Again
The testimony of Mark Zuckerberg revealed some interesting takeaways. First, Zuckerberg seems to think that crypto is the future, and that the longer the U.S. waits to develop its own coin, the further it will fall behind. Second, many members of Congress still don’t trust crypto enough to push for mainstream status.Zuckerberg: The U.S. Stands to LoseIn his speech to Congress, Zuckerberg commented that countries like China are well underway in creating national digital currencies. He says...
Read More »Can Bitcoin Reverse Itself in the Next Two Months?
The end of the year is not looking good for the world’s biggest crypto asset. Recently, Live Bitcoin News produced an article asking if bitcoin would somehow repeat its November 2018 behavior. As things currently stand, this doesn’t seem too far off the mark.Bitcoin Has Crashed Again; Could Things Reverse Themselves Soon?While the currency isn’t likely to drop into the $3,000 range over the next two months, we are now seeing bitcoin trading at $7,400 – a massive loss of $800 over the past 24...
Read More »Bitcoin Loses $800; Crashes to the $7,400 Mark
Well, it sure seems like we’re in for another faulty end-of-year mark for bitcoin. At press time, the currency has fallen by roughly $800 over the past 24 hours and the asset is now trading at $7,400.Bitcoin Falls; Zuckerberg to Blame?The sentiment is that this all has to do with Mark Zuckerberg’s testimony today. Zuckerberg – the famed CEO of Facebook – is set to speak before a congressional committee today regarding Libra, the cryptocurrency being released by the social media giant in 2020....
Read More »Bitcoin Price Analysis: BTC Could Tumble Below $7,700
Bitcoin price failed to surpass $8,350 and $8,400 resistance levels against the US Dollar.The price is currently declining and it is trading below the $8,080 and $8,000 support levels.There is a major bearish trend line forming with resistance near $8,280 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to continue lower and it might revisit the $7,800 and $7,700 support levels.Bitcoin price is trading with a bearish bias below $8,350 against the US...
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