Crypto EcoBlog
It seems like some members of Congress still have no love for Libra. In fact, a few are even advising Facebook to adopt bitcoin and avoid the Libra project altogether. Among the people suggesting this is U.S. Congressman Warren Davidson of Ohio.Davidson to Facebook: Forget About LibraDavidson says he was first introduced to bitcoin back in 2013. He acknowledges that while bitcoin isn’t necessarily perfect, it is a decentralized system that gives its users freedom in how they conduct...
Read More »Bitcoin Moves Above the $8,100 Mark Again
At press time, bitcoin – the number one cryptocurrency by market cap – is back above the $8,000 mark following a nasty scare yesterday that saw it fall into the $7,000 range once again.Bitcoin Is Moving Up AgainMany analysts immediately took to social media and other platforms to explain the reasoning behind bitcoin’s sudden, if short-lived, demise. Jeff Dorman, chief investment officer of the asset management firm Arca, explained:The move lower is less about the magnitude and more about the...
Read More »“Save Yourself” BTC Malware Is Doing More Damage These Days
Bitcoin has grown exponentially over the past year or so, and this has made many hackers and malicious actors want to target cryptocurrency owners. Now, a new strain of bitcoin-based malware entitled “Save Yourself” is making the rounds, and while analysts have been warning enthusiasts about it for the past week, it seems to be much worse than originally thought.How to “Save Yourself” from MalwareSave Yourself has been here for some time. Originally, it was a form of malware designed to...
Read More »You Can Now Pay for Hotel Rooms in Europe and Canada with BTC
Do you fancy taking a luxury vacation? Are you a cryptocurrency fan? Well, now you can put your two loves together by paying for these luxury hotel rooms with bitcoin.A Hotel with Bitcoin: Times Are ChangingSeveral hotels in Europe are now accepting digital currency as a means of paying for rooms. Vacation takes a lot of planning, and sometimes it’s easy to forget to bring cash (or to convert your cash into the fiat of the country you’re visiting). In addition, if you don’t have an American...
Read More »Bitcoin Disappoints with Another Drop Into $7,000 Range
Oh, bitcoin… Why must you always put us through this? At press time, the asset has fallen back down into the $7,000 range. Granted the price is still in the higher section – $7,960 – but it’s still a significant drop from yesterday, when bitcoin was trading for around $8,100.Bitcoin Is Once Again Falling from GraceWhat this tells us is that the currency, despite all its past resilience, is unable to maintain the momentum it briefly had following the cryptocurrency bloodbath of late September....
Read More »Bitcoin Price Analysis: BTC Signaling Bearish Continuation
Bitcoin price is currently declining and it recently failed to surpass the $8,660 resistance against the US Dollar.The price is now trading well below the key $8,400 and $8,300 support levels.There is a declining channel forming with resistance near $8,300 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to extend its decline as long as there is no upside break above $8,300 and $8,400.Bitcoin price is signaling more downsides below $8,200 against the US...
Read More »Analysts: Bitwise ETF Rejection Could Spell Doom for the Industry
The Bitwise proposal for a bitcoin exchange-traded fund (ETF) was recently knocked to the side by the Securities and Exchange Commission (SEC). This was bad news all by itself, but many analysts are seeing the rejection as a sign of how the industry will wind up.Bitwise Rejection Means a Lot to AnalystsSome view this not as just a simple rejection, but as a permanent barricade to blockchain and crypto-based products. They expect that a bitcoin ETF will have a very hard time getting approval...
Read More »Coinbase and SFOX Make Y Combinator Top 100 List
It looks like no matter how hard crypto and blockchain try they can’t please everybody. The Y Combinator’s top 100 list of startups is out, and to our disappointment and dismay, only two cryptocurrency and blockchain businesses have made the cut.Y Combinator Only Chooses Two?The two businesses to earn spots on the list were Coinbase, the popular U.S.-based cryptocurrency exchange (which came in at number five), and SFOX, a crypto dealer for institutional and professional traders. Ah, those...
Read More »FXCM Begins Offering Crypto Baskets to Retail Customers
FXCM, a provider of online foreign exchange, is providing customers with a new form of “basket trading” comprised of some of the top 20 cryptocurrencies.FXCM Brings Its Crypto Offerings to New HeightsThe cryptocurrency baskets, which are available for the firm’s retail customers, are comprised of bitcoin (BTC), Ethereum (ETH), bitcoin cash (BCH), Litecoin (LTC) and Ripple (XRP). It’s intriguing to see companies still working towards retail participation in the crypto space given how many have...
Read More »Alipay: Customers Cannot Use Us for Crypto Payments
As China continues its long fight against bitcoin and cryptocurrencies, a new step has been taken. Alipay, owned by Alibaba, has announced on Twitter that it will be discontinuing all BTC and crypto payments from here on out.Alipay: No Crypto Use, PleaseThere has been serious confusion as of late given that Binance, the largest and most popular cryptocurrency exchange by market cap, has allegedly joined hands with Alipay. When a Twitter user asked if Binance was allowing fiat-to-crypto...
Read More »