Tag Archives: Cryptocurrency News

Amid a volatile week for bitcoin, Fundstrat’s Tom Lee has come out urging against anyone considering trading BTC in the foreseeable future. Tuesday marked a three-month low for bitcoin as a 17% freefall weakened underlying support significantly, leading BTC to breach well into $8,000 territory. As if to pour salt in the wound, yesterday saw another critical level of support cave in, as BTC fell into the $7,000 region. BTC’s three-month low following this week’s dreary performance. | Source:...

Facebook will get yet another chance to try to win over the support of US lawmakers with regards to its Libra cryptocurrency project and other matters next month. According to Bloomberg, the social media giant’s Chief Operating Officer Sheryl Sandberg will testify before the U.S. House of Representatives possibly in late October. Sandberg’s visit to Capitol Hill will be coming weeks after the co-creator of Libra David Marcus met with lawmakers to shed more light on tech company’s...

On July 26th, CCN reported that Crypto Twitter’s (CT) biggest bull,  Majin, has turned bearish and called for a bitcoin plunge to $7,000. Two months later, the call of the liquidity game theorist is coming to pass. As of this writing, the most dominant cryptocurrency is rapidly descending to support of $7,000. Majin was right to say that demand at $8,000 is so weak that it won’t ignite a bounce. Majin predicting the breach of $8,000 months ago. | Source: TwitterNow that we’re headed to...

Travis Kling is the founder and chief investment officer of crypto asset management firm Ikigai. He recently went on air on CNN and gave the best description of what bitcoin is. In the interview, Mr. Kling said, Bitcoin is a non-sovereign, hard-capped supply, global, immutable, decentralized, digital store of value. The on-point definition made Kling an instant celebrity in the Crypto Twitter community. Now, the crypto asset management firm CIO has dropped another bombshell. In a recent...

Buying the dip is easier said than done. When an asset moves lower, the tendency for those who were waiting for the breakdown is to freeze and fail to press the buy button. However, Alex Mashinsky, chief executive of Celsius Network, strongly urged his followers to go out and buy the big bitcoin dip. Celsius Network CEO: ‘We Will See a Surge to New Highs’ In an August 23rd interview on CNBC, the top honcho predicted that we’ll drop to $8,000 levels before rallying back up. Start watching...

Marcus Treacher, a senior executive at blockchain cross-border remittance giant Ripple is seemingly kicking-off a modern “cola war” with their emerging rival Libra, Facebook’s controversial cryptocurrency. Treacher, the head of Ripple’s strategic accounts globally, criticized the so-called Facebook cryptocurrency for being “a walled garden.” The executive stressed that only a handful of big players, including Facebook, Visa, MasterCard, Uber, and PayPal, practice excessive control over...

In the past seven days, the bitcoin price (BTC) plunged from $10,100 to $7,736 in a steep overnight pullback that liquidated close to $800 million worth of long contracts on cryptocurrency margin trading platforms.The bitcoin price (BTC) dropped by more than $2,300 in the past seven days amid deep cryptocurrency market sell-off (source: Yahoo Finance)Holger Zschaepitz, a market analyst at Welt, said the week became worse for bitcoin as the 200-day moving average of BTC dropped for the first...

Former U.S. Congressman and three-time presidential candidate Ron Paul will be headlining the Litecoin Summit. Paul will be sharing the stage in the luxurious Cosmopolitan hotel on the Las Vegas strip this October with Litecoin creator Charlie Lee and Morgan Creek Digital partner Anthony Pompliano.The LTC Foundation announced the surprise keynote speaker on Twitter Thursday:Cryptocurrency and PoliticsIn a CNBC Squawk Box interview this July, Ron Paul gave his enthusiastic endorsement to...

A recent Bloomberg report suggests that the central bank of Venezuela is looking to add both bitcoin and Ethereum to its international basket of currency reserves.The call for digital solutions was trumpeted by state-owned enterprise Petróleos de Venezuela S.A (PDVSA) which is apparently sitting on its own secret stockpile of bitcoin. The energy behemoth manages the country's vast oil and natural gas reserves.Four anonymous officials have confirmed PDVSA's request to store and use...

Conspiracies concerning the manipulation of bitcoin futures may now have some grounds, as researchers claim to have found a "striking systematic trend" between BTC price action and futures expiry dates.Cries of foul play surrounding CME's bitcoin futures contracts are almost as old as the derivatives themselves. For months, the expiration date of the cash-settled contracts has inconceivably lined up with adverse price movements in bitcoin. Though purportedly coincidental, this occurrence has...