Tag Archives: Bitcoin

$16,000 seems to be a popular number amongst bitcoin price predictors. Recently, Live Bitcoin News reported on a source that claimed bitcoin could potentially reach that number by the time November began. Sadly, this prediction didn’t come true, but that’s not stopping Changpeng Zhao – CEO of Binance, arguably the world’s largest and most popular cryptocurrency exchange – from touting $16,000 as a figure that will arrive “soon.”Changpeng Zhao – $16,000 Is On Its WayThe prediction that stated...

Bitcoin price corrected lower after tagging the $10,550 resistance area against the US Dollar.The price is currently consolidating above the key $8,900 and $9,000 support levels.There is a connecting bullish trend line forming with support near $9,120 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair is likely to rise again as long as there is no close below the $9,100 and $9,000 supports.Bitcoin price is trading with a positive bias above $9,000 against the US...

Remember when bitcoin struck the $20,000 mark in December of 2017? Would you believe that it was probably a single entity or individual that made that happen?Bitcoin: Manipulated By a Single Person?This is the news being spewed out by a recent report, which states that the bitcoin price may have been manipulated over the course of 12 months – between March 2017 and March 2018 – by a single person. During this time, the market cap of bitcoin reached a whopping $326 billion, and about half of...

It’s being reported that bitcoin cash had a very rough third quarter in 2019. The price was never quite able to get off the ground, and as a result, bitcoin cash (BCH) arguably performed worse than any other coin.Is It Fair to Single Out Bitcoin Cash?But is it fair to lay this judgement on the little brother of bitcoin? Sure, BCH may not have been at its best, but it can be argued that this applies to virtually every major cryptocurrency during this period.As we all remember, the second...

At press time, bitcoin is trading for just over $9,100.Bitcoin Has Had a Strange WeekTo say it’s been a wacky week for the world’s leading cryptocurrency would be something of an understatement. The currency has pulled in both bearish and bullish behavior from all angles, jumping beyond the $10,000-mark last weekend after a nasty period of trading in the mid-$7,000 range, to suddenly settling nearly $1,000 below its weekend high.The currency has incurred other little surges here and there...

Do you hate transaction fees? If you’re like everyone else, you probably do. Transaction fees are part of the financial process. When you transfer money to secondary hands, there’s a third party or financial services company that must verify the transaction and do the moving. They garner fees for their services and ensure everything occurs normally.Transaction Fees Are Causing Serious IssuesTransaction fees on the blockchain, however, are an ugly addition to what should have been a completely...

Well, Bakkt has been around for over a month. Despite a slow start, it looks like the crypto trading platform has easily rebounded and is now trading in the millions in terms of the number of bitcoin futures contracts.Bakkt Can Work in “Other” WaysAnd yet, there are some analysts that don’t seem to think this will make bitcoin and cryptocurrency mainstream. How can this be? For years, the primary argument behind Bakkt is that it will bring institutional traders to the playing field. This will...

Twitter and Square CEO Jack Dorsey is back in the news thanks to his support of a new cryptocurrency startup.Dorsey: Becoming the Face of Crypto?That startup is known as Coin List, and Dorsey recently took part in a $10 million funding round to help the venture begin its operations. The company is designed to help other crypto businesses garner funds through token sales. Executives say they are looking to utilize the funds for several purposes, including building Coin List Trade, a new crypto...

China is moving quickly to ensure it’s ahead of the curb when it comes to blockchain innovation.China Is Pushing Its Blockchain Agenda ForwardThe country has recently implemented a new law that will promote blockchain as a means of heightening and expanding the nation’s infrastructure. The law will also permit the country to unveil its new digital yuan currency designed to compete with the likes of Libra.There is both a good side and a bad side to this situation. First off, the addition of a...

Bitcoin price rallied recently and even climbed above the $10,000 resistance against the US Dollar.The price is currently correcting lower and is trading below the $9,820 pivot level.There is a major contracting triangle forming with resistance near $9,400 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could correct further, but it is likely to remain well supported above $8,900 and $8,500.Bitcoin price is correcting gains below $9,800 against the US Dollar. BTC...