Tag Archives: Bitcoin

At the time of writing, bitcoin is on something of a rebound. The currency has recently spiked back into the $7,100 range despite falling to $6,800 as early as last week, but one source says we should have “seen this coming.”Bitcoin Is Moving on UpAccording to new data regarding mining operations, the price of extracting a new bitcoin costs roughly $6,300. Thus, it’s unlikely that bitcoin will ever fall below that level. Just a few days ago, bitcoin came dangerously close to that point, but...

Well, well… Here’s some exciting news. Tim Draper is joining the ranks of people like Ross Ulbricht and claiming that 2020 will be the year in which bitcoin hits new heights.Tim Draper Is a Man of Wild PredictionsPreviously, the venture capitalist claimed that bitcoin would likely hit the $250,000 mark by the year 2022. He later pushed his prediction back a few months to 2023, but now he’s moving everything forward by roughly three years. He thinks bitcoin could easily reach this figure by...

Well, here’s a bit of good news for us all to enjoy. It looks like maybe bitcoin isn’t doomed to end on such a low note after all.Bitcoin Is Showing Promise Once AgainYes, the currency is nowhere near its peak price of $13,600 which occurred over the summer, but we can all take comfort in the fact that perhaps the number one cryptocurrency by market cap isn’t going to end 2019 below $7,000.After several days of traversing the $6,000 range, it appears the currency is walking a path of...

At the time of writing, several of the world’s leading cryptocurrencies, i.e. bitcoin, Ethereum, Litecoin and so on, are continuing their drops into red territory, and it’s unclear if recovery lies on the horizon.Bitcoin: Where Will It Go Next Year?As it stands, many enthusiasts are likely wondering what the future holds. Several analysts, over the past few months, have touted 2020 as the start of something great for BTC and its altcoin comrades, but normal, everyday investors aren’t seeing...

Coin Floor – a cryptocurrency exchange licensed by the Financial Conduct Authority (FCA) in the United Kingdom – has announced that it will be turning its back on Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – and removing it from its present list of available (and tradeable) cryptocurrencies.Coin Floor Says It Will Be a Bitcoin Only ExchangeAll ether-based listings will disappear starting on January third. The company says it...

At press time, bitcoin isn’t doing so hot. The number one cryptocurrency by market cap is down for the count and trading in the $6,000 range.Bitcoin Still Has LoyalistsAnd yet, much like gold and other precious metals, the digital asset can’t seem to shake its followers, some of whom hold rather prominent positions in the world of finance. One such follower is 59-year-old Nassim Nicholas Taleb, the author of bestselling books like “The Black Swan” and “Fooled by Randomness.”Taleb says he’s...

After weeks of trading barely above $7,000, bitcoin (BTC) – the world’s largest and most powerful cryptocurrency by market cap – has unexpectedly fallen into the $6,000 range.Bitcoin to End the Year on a Negative Point?At press time, bitcoin is trading for just over $6,700, meaning it has fallen by anywhere between $300 and $400 over the past 48 hours. There are no valid reasons given for the sudden and dramatic fall, though one source is suggesting that Plus Token – a notorious Chinese Ponzi...

Bitcoin price is declining steadily and it recently traded below the $7,000 support against the US Dollar.The price is now consolidating losses above the $6,540 support area.There is a major bearish trend line forming with resistance near $6,920 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could extend its decline below $6,500, but the $6,240 and $6,200 supports hold the key.Bitcoin price is showing signs of bearish continuation below $6,540 against the US...

Mark Cuban has never been a fan of bitcoin. He’s not afraid to hide his feelings, nor is he afraid to speak his mind when it comes to the popular – yet somewhat controversial – digital currency.Mark Cuban: People Aren’t Using BTCIn a recent interview, Cuban again took a stab at the number one cryptocurrency in the world by market cap. He says that at the end of the day, it only has one real problem – people aren’t using it.Right now, bitcoin is mostly used for speculation. A means of growing...

In the past, Live Bitcoin News has reported on Erik Finman, a 20-year-old high school dropout who became a serious bitcoin connoisseur. Now, he’s using his knowledge and power in the crypto industry to send digital currency to the residents of Ghana through space as a means of providing citizens with appropriate financial means.Finman Sees the Power of CryptoThe “crypto space drop,” as it has come to be known, occurred in early November. Finman beamed the cryptocurrency into a string of...