Tag Archives: News

Bitcoin has taken a turn for the worse. Following news of Coinbase going public on the Nasdaq last week, the world’s number one digital currency by market cap rose to nearly $64,000 per unit, though at press time, it has knocked roughly $8,000 off its price. Bitcoin Has Taken a Nasty Fall At first glance, this looks like a standard correction. We have all seen instances like this in the past. When bitcoin spikes to new highs rather suddenly, it becomes obvious over a few...

Bitcoin has been doing extremely well as of late. Not too long ago, the world’s number one digital currency by market cap reached a new all-time high of approximately $63,000 per unit, though according to some – such as Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team – we have only hit the tip of the iceberg, and the price of bitcoin is going to get much bigger. Mark Cuban: BTC Will Be a Much Bigger Asset BTC has struck new heights over the past...

It looks like the trend of bitcoin being used as a method of payment is being taken to new heights. Now that companies like Tesla and PayPal are permitting bitcoin payments for goods and services, several additional companies around the world – both large and small – are allowing BTC payments as well. Bitcoin Is Now the Hot Method of Payment One of the enterprises saying “yes” to bitcoin payments is the Bobby Hotel. Based in Nashville, Tennessee, it is the first hotel in...

EOS started topped near $8.872 and started a fresh decline against the US Dollar. The price is currently trading well below the $7.000 support and the 55 simple moving average (4-hours). There is a key contracting triangle forming with support near $6.200 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could either start a fresh rally above $6.70 or it might dive towards the $5.00 support. EOS price is holding a key support near the $6.00...

Litecoin price topped near the $335 level and corrected lower against the US Dollar. LTC price is now trading well below the $300 level and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $250 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to continue lower if there is a downside break below the $250 support. Litecoin price is showing bearish signs below $280 against the US...

Does the name Olaf Carlson-Wee sound familiar? If not, it really should. He was the first-ever employee at Coinbase, and he has got an interesting story behind his employment with one of the world’s largest and most popular cryptocurrency exchanges in the western hemisphere. Olaf Carlson-Wee Details How He Got Hired at Coinbase Now the founder of a large cryptocurrency hedge fund, Olaf got his start in the crypto space as an employee of Coinbase. He did not necessarily...

It looks like Galaxy Digital – the hedge fund hosted by Mike Novogratz, a bitcoin fan and billionaire investor – has taken some new talent aboard. Michael Daffey – a former executive with the Goldman Sachs Group – is joining Galaxy Digital as its new chairman. He is also replacing Mike Novogratz in this role, who will remain with the company as its chief executive. Galaxy Digital Is Saying “Hello” to a Fresh Face The move presents another major step towards the blending...

The great desire for bitcoin mining to run on clean energy has taken an unexpected turn. While many people still demand this for the future, it looks like renewable energy is not as common as it once was. In fact, the Nordic region – which includes countries like Iceland and Norway – has become a staple area for this kind of energy, and yet it appears to be running dry. Bitcoin Mining Needs Clean Energy, but Supplies Seem Limited For the past few months, as bitcoin has...

Tron price started a fresh decline from well above the $0.1700 zone against the US Dollar. TRX price is now trading below the $0.1500 support and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.1420 on the 4-hours chart (data feed via Bitfinex). The pair could correct higher, but the bulls must gain strength above $0.1500 for more gains. TRON price is holding the $0.1200 support zone against the US Dollar,...

Bitcoin price started a sharp decline and it tested the $51,250 zone against the US Dollar. The price is now trading well below $58,000 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $58,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh rally if it breaks the $58,000 and $58,200 resistance levels. Bitcoin price declined sharply from well above $60,000 against...