These Three Factors Show Bitcoin Will See a Massive Selloff at $10,000

Bitcoin has seen some incredibly mixed price action as of late, with BTC struggling to garner any notable momentum as it approaches its heavy resistance $10,000 This resistance has proven to be insurmountable on multiple occasions throughout the past several weeks and months One analyst is now noting that BTC’s ongoing rally up towards the five-figure price region is strikingly similar to that seen...

$1.7 Billion Grams ICO, History’s 2nd Biggest, Has Been Killed by Securities Regulations

The Grams ICO is perhaps the biggest ICO failure in history In 2018, Telegram raised USD 1.7 billion for the Grams initial coin offering (ICO), making it the second-largest ICO in history, with only the USD 4 billion offering by EOS surpassing it. However, after years of battling with United States...

‘We Need 30 Different Words for Censorship”, Feat. Andreas M. Antonopoulos

The rallying cry of the totalitarian is "He farted first", but if both systems have produced similar outcomes, is there much of a difference? <br /><br />Today's wide-ranging discussion features Stephanie Murphy, Jonathan Mohan, Adam B. Levine and Andreas M. Antonopoulos from Bitcoin news | Published News | Bitcoin news via TOday bitcoin ne...

Trending Bitcoin News and Market Sentiment May 31st, 2020: Bitcoin About to Kick Off Journey to 6-Figure Valuations, MIT Startup Sees Growing Institutional Interest in Crypto Trading

Another crypto analyst predicts Bitcoin about to embark on six-figure dollar valuation An MIT startup sees growing interest in crypto trading from institutional traders Bitcoin prepares to enter into the final month of the first half of 2020, one that analysts say could see a volatile time for the...

Long-Term Signal for Ethereum Flips Bullish: Here’s Why It May Not Pan Out

Although Ethereum is still over 80% below its all-time high price, the asset has registered extremely positive price action over recent months. From the March capitulation lows of $88, the asset is up over 175%. And in the past day alone, ETH is up 10%, outperforming basically all other cryptocurrencies in circulation. The recent uptrend has allowed Ethereum to print an extremely positive sign, according...

Tether Surpasses Ripple, Takes #3 Spot on CoinMarketCap as Stablecoins Become Increasingly Popular

In terms of volume, Tether is actually the #1 cryptocurrency Tether (USDT), which is the most popular stablecoin, has overtaken Ripple on the CoinMarketCap rankings, meaning that only Bitcoin and Ethereum have larger market caps than the token at this point. At this time, Tether has a market cap...

Long-Term Bitcoin Outlook Is “Super-Bullish,” Says Analyst Who Called 2019 Bottom

Bitcoin remains far below the $20,000 all-time high it established at the end of 2017&#8217;s crypto mania. But this hasn&#8217;t stopped investors from being extremely optimistic about the cryptocurrency. One prominent analyst recently said that the asset is looking &#8220;super bullish&#8221; from a long-term perspective. His comments are especially notable as he is an analyst that...

Bitcoin Monthly Close is 1 Day Away: Here’s the Level That May Trigger a Big Rally

In just a day, Bitcoin will close the May&#8217;s price candle. Analysts say that this close will be crucial for indicating in which direction the cryptocurrency market heads next. Analyst Eric &#8220;Parabolic&#8221; Thies, for instance, recently identified a level that bulls should close above to confirm that more upside is in the works. The Key Level to Watch for Bitcoin Heading Into...

Lithuania’s Central Bank to Fully Deploy its Blockchain Platform By Year-End

The Bank of Lithuania announced that it had completed the research phase of its blockchain project called LBChain. The central bank now plans to deploy the platform by the end of 2020 and expand its use cases beyond the financial sector. Bank of Lithuania to Expand its Blockchain Capabilities Beyond Financial Sector Earlier this week, the central bank of Lithuania successfully completed its third...

Trending Bitcoin News and Market Sentiment May 30th, 2020: Whale ETH Addresses Shatters Records, CoinMarketCap Pushes Out New Metric Changes

Bitcoin stays strong around USD 9,400 on the weekend Whale addresses for Ethereum have hit their highest numbers in ten months CoinMarketCap has pushed out new metrics aimed at tackling fake volume but accusations of Binance favoritism persist Bitcoin price continues on its positive tones for the...

The Last Time This On-Chain Signal Was Seen, Bitcoin Rallied 2,000%

Bitcoin remains below key resistances, but this hasn&#8217;t stopped investors from becoming extremely bullish on the asset. Key on-chain data indicates that the propensity that Bitcoin investors have to hold their coins is almost at all-time highs. Along with accentuating the optimism of crypto-asset holders, this is also a similar trend seen at the start of the 2017 bull market. Key On-Chain...

Key Derivatives Data Show Crypto Investors Are Finally Betting on a Rally

The past few months and years have seen derivatives become increasingly important to crypto. This is largely due to the introduction of more institutional-centric fund managers, which can use vehicles like futures and options to hedge risk and maximize profits. As a result, the data the crypto derivatives markets provide have become increasingly important to analysts. With options data showing that...

XRP’s Inflation Rate More Than Other Large-Cap Assets

Messari’s data analysis showed how XRP’s circulation supply inflation rate surpassed the other assets in the past year Crypto data analysis and research platform, Messari showed how XRP’s inflation rate is about five times higher than that of BTC and four times more than ETH. The data chart indicated...

Analyst: Bitcoin Market Structure Looks Very Similar to $10,500 February High

Since bottoming at $8,600 over five days ago, Bitcoin has performed extremely well. The asset rallied as high as $9,650 on Thursday, liquidating dozens of millions of dollars worth of shorts in the process. Simultaneously, Ethereum saw a massive breakout past a crucial level, suggesting that BTC has room to the upside. Even still, a top trader has suggested that Bitcoin&#8217;s recent price action...

The Battle for the Future of Money, Feat. Lawrence Summers, CZ, Michelle Phan, the Winklevoss Brothers, The Chainsmokers and More

As the current economic crisis comes into clearer focus, how leading voices from pop culture to crypto including Carlota Perez, The Chainsmokers, Ray Yousseff and many others are reimaging money. from Bitcoin news | Published News | Bitcoin news via TOday bitcoin ne...

Bitcoin’s Funding is Flashing a Warning Sign After Rejection at Key Resistance

Bitcoin faced a grim rejection within the upper-$9,000 region yesterday that caused it to erase most of the gains that came about as its latest push higher The subsequent decline that BTC faced has led it into a key support region, which some analysts believe will lead it to see further near-term upside It is important to note that the cryptocurrency’s funding rates, however, seem to suggest that...

Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher

After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack, this time, it&#8217;s ETH. The second-largest cryptocurrency and largest altcoin is up 7% in the past 24 hours. Ethereum trades at $221 as of the time of this article&#8217;s writing, a price just shy of the late-April of $227. Bitcoin, by comparison,...

French Competition Watchdog Mentions Rapid Development of Crypto Assets

The French Competition Authority, called Autorité de la concurrence, is looking for feedback from the public and fintech industry executives on the evolution of the payments industry. The regulator wants to understand the latest developments of blockchain, cloud, cryptocurrencies, digital wallets, and their impact on payments. Competition Watchdog Notes Rapid Development of Crypto Assets and Blockchain...

Bitcoin Targets $10,000-Retest as Sino-U.S. Tensions Spoil Risk Sentiment

Bitcoin jumped above $9,500 in midday Thursday trading. The gains sustained on safe-haven bids Friday as tensions between the U.S. and China escalated further. Beijing moved ahead with its plans to impose a new national security law in Hong Kong, prompting President Donald Trump to hold a press conference on Friday. A new wave of buying sentiment pushed the bitcoin price above $9,500 for the first...

PR: Never Let Another Arbitrage Opportunity Pass Again with 24/7 Bitbengrab Trading

Bitcoin Press Release: Arbitrage trading service Bitbengrab has launched a tool that helps its traders capitalize on manual or automatic arbitrage trading across 29 popular crypto exchanges. 26th May 2020, London – Cryptocurrency trading has never been more popular than it is today, and with the new...

Argentina Cracking Down on Crypto Trading Activity Amid Hyperinflation Crisis

The Argentinian government wants to suppress cryptocurrency in order to preserve its failing fiat currency Argentina’s Financial Information Unit (FIU) has announced that they are aiming to put tight controls on crypto trading in the South American nation, claiming that these measures are justified...

Bitcoin Isn’t Even in a Macro Bull Market Yet: Here’s Why One Is Imminent

Bitcoin has performed extremely well since the $3,700 lows. Data from TradingView suggests that from the lows, the cryptocurrency is up just over 150%. This price action has been undoubtedly impressive. In rallying 150%, BTC managed to outperform any other $100+ billion asset over that same time frame. Though this move hasn&#8217;t convinced analysts that Bitcoin is decisively in a bull market....

Charlie Shrem

Born in 1989, Charlie Shrem is an American co-founder of former bitcoin exchange BitInstant and a founding member of the Bitcoin Foundation.  In 2014, Shrem was notably accused of selling more than $1 million worth of bitcoin to users of darknet market Silk Road, operating an unlicensed money transmitting business, and failing to report suspicious [&#8230;] from Bitcoin news | Published...

These 2 Trends Shows that Wall Street is in a Bitcoin Buying Frenzy

Bitcoin has been subjected to unprecedented turbulence throughout the past few months, declining to lows of $3,800 before rocketing to highs of $10,500 This volatility hasn’t been enough to thwart large market players from foraying into the digital asset Macro investor Paul Tudor Jones has been one of the first traditional investors to publicly profess his interest in BTC, but data shows that he isn’t...

OKCoin Grants $100,000 to BTCPay Server Toward Its Open-Source Development

Cryptocurrency exchange OKCoin has donated $100,000 to open-source bitcoin payment processor BTCPay Server to fuel its bitcoin adoption efforts.<br />The post OKCoin Grants $100,000 to BTCPay Server Toward Its Open-Source Development appeared first on Bitcoin Magazine. from Bitcoin news | Published News | Bitcoin news via TOday bitcoin ne...

3 Crucial Reasons Why Bitcoin Risks Crashing to Sub-$6,000 Levels

Bitcoin price plunged by nearly 10 percent after failing to sustain above $10,000. The cryptocurrency has covered part of its recent losses, now trading above $9,100. But a confluence of technical and fundamental catalysts are pointing to a deeper downside correction towards sub-$6K levels. Bitcoin is trading above $9,100, up almost 3.5 percent on a 24-hour adjusted timeframe, as it attempts to erase...

Buy Bitcoin if S&P 500 Corrects Lower, Fund Manager Suggests

Investors should consider buying Bitcoin if the S&#38;P 500 breaks lower, according to Victor Dergunov, co-founder of Albright Investment Group. The cryptocurrency&#8217;s upside potential is substantial, even if it falls towards $6,500. Spot gold is also an attractive investment alternative against a slippery S&#38;P 500. Bitcoin is an attractive destination for investors looking to shield...

Bitcoin Hash Rate Dips to 80 EH/s After Block Halving, Signaling Mining Paradigm Shift

Roughly 40-50 EH/s of Bitcoin mining equipment has shut down following the block halving Crypto investors and speculators were enthusiastic when the Bitcoin block halving happened on 12 May 2020, since block halvings usually lead to major Bitcoin rallies. However, the mining sector of the crypto...

4 Fundamental Reasons Why Bitcoin Demand Is Poised to Explode to Highs

Like most other markets, Bitcoin&#8217;s price is predicated on supply and demand dynamics. This is depicted in the chart below, with the equilibrium price of an asset being related to how an asset&#8217;s supply relates to demand. Matt D&#8217;Souza — CEO of Blockware Mining — recently identified that there is a perfect storm of macro factors that are and will continue to drive demand...

Vodafone Working on Connecting Energy Production Devices with Blockchain and IoT

Vodafone is partnering with Energy Web to work on identifying power generators around the world. Looking to map energy generation capacities, especially solar. British telecommunications giant Vodafone has announced that it is working on a project to connect billions of power producers around the...

Analysts are Cautious of the Crypto Market’s Latest Push Higher; Factors to Consider

The aggregated crypto market saw a sharp rise today fueled by widespread liquidations of short positions This movement came about following an extended period of sideways trading within the upper-$8,000 region Analysts are cautious about the market-wide trend shift, as some are noting that there are a few factors that signal it will be followed by a sharp retrace Bitcoin led the entire crypto market...

Bitcoin Bull Case Swells as White House Mulls China Sanctions Over Hong Kong

One of the biggest narratives in the Bitcoin market in 2019 was, tensions between China and the U.S. were pushing the cryptocurrency higher. As tensions between the two global superpowers heat up once again — resulting in movements in the currency market — analysts are saying BTC can dramatically benefit. Hong Kong Tensions Heat Up, Boosting Bitcoin Bull Case Towards the end of last year, relations...

EOS Cryptocurrency YTD Returns Turn Negative amid Macro Correction

EOS, the ninth-largest cryptocurrency by market capitalization, yields negative year-to-date returns for the first time since March 2020. The delegated proof-of-stake asset is trading 3.61 percent lower for the year despite a 26.47 percent overall growth in the top 10 cryptocurrencies. The reasons for EOS&#8217;s price declines include a broader bearish correction sentiment in the crypto market,...

Craig Wright Caught Red-Handed After 145 Bitcoin Addresses He Claimed to Own Were Signed by Their Real Owners

145 Bitcoin addresses included in a list of 16,000 that Craig Wright submitted as evidence during a court case has been proven to be owned by others Craig Wright has been locked into an intense court battle with the Estate of Dave Kleiman for years now, and this is one of the biggest crypto court...

Long Bitcoin if U.S. Bond Yields Fall, Top Analyst Asserts

Entering a long position in the bitcoin market is wise if the yields on U.S. Treasury bonds fall, according to Qiao Wang, the director of product at Messari. The statement appears as the benchmark U.S. 10Y bond&#8217;s forward earning yield treads near zero. Bitcoin expects to give higher returns as possessing long bonds becomes less profitable. At current prices, the yield on the U.S. 10-year...

Investor “Bullish” on News That a 2009 Bitcoin Miner Still Trusts BTC’s Roadmap

It&#8217;s been an interesting past few weeks for Bitcoin. First, there was the halving. Then an early miner from 2009 initially believed to be Satoshi Nakamoto moved 50 Bitcoin, 10 of which were distributed amongst wallets, one of which purportedly belongs to Coinbase. Most recently, another early Bitcoin miner from 2009/2010 with access to tens of millions worth of BTC signed a transaction indicating...