MoneyNext Summit Goes Virtual, Live Discussion Panel Starts August 18th, 2020

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MoneyNext Summit Online is the leading virtual event to address the current financial landscape and offer insight and opinion into the future of money.  MoneyNext Summit Online is a bigger and more complex version of Fintech Friday panel discussion, and is taking place from 18th to 21st August...

Bitcasino Turns up the Volume with Wacken World Wide Sponsorship

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27 July 2020, Tallinn, Estonia – Crypto gaming pioneers Bitcasino will be rocking out as headline sponsors of Wacken World Wide, a new digital music festival featuring some of the world’s most popular metal bands. With the annual Wacken Open Air festival cancelled this year, Bitcasino is stepping in...

Trending Bitcoin News and Market Sentiment, Weekly Edition July 24th, 2020: Mastercard and Visa Finally Embrace Crypto in a Big Way As Crypto Market Rises

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Visa and Mastercard’s seemingly bold foray into crypto is raising adoption sentiment about the industry, pushing sentiment across Bitcoin markets Two of the world’s most recognized form of payment — Visa and Mastercard — both came out with major headlines this week that suggested the two payment...

Emirati-Backed DeFi Platform Crypto Price Index to Introduce Dow Jones Crypto Equivalent

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There has been tremendous market uncertainty in 2020. Many new projects are being scrapped without any future launch dates across many industries around the world. However, the same is not true for the crypto market as a lot of new crypto tokens have been launched this year with many others still in...

Catch Emirati-supported Crypto Price Index’s Hotbit Exchange Listing on 15th July 2020

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Bitcoin Press Release: Crypto Price Index have announced details of their CPI token sale, which launches on HotBit exchange on 15th July 2020.   14th July 2020, ST. JULIAN’S, MALTA – 2020 has brought with it a host of challenges and opportunities, not least within the crypto markets, where we...

What to Do With Your Crypto 1099?

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For those trading in cryptocurrencies, crypto trading platforms are required to provide you with a form 1099 for use on your taxes. When doing so, the IRS is also notified of the information contained on the tax form. And although you will receive either a form 1099-K or a 1099-B, it is not always...

Trending Bitcoin News and Market Sentiment, Weekly Edition July 17th, 2020: Twitter Hack Sends Shockwaves Throughout Crypto Community

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Hackers break into famous Twitter accounts, scamming people of over USD 100,000 Commentators and experts say the Bitcoin link could obscure the real shortcomings: a lack of personal finance education and data security with centralized databases The sweeping news of the week is probably going to be...

HodlHard Announces Bitcoin Satoshis To USD Converter for WordPress

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It would be fascinating to know how Satoshi intended Bitcoin to look like 11 years down the road. When it comes to the price of BTC, was it possible for him to predict that $20,000 USD all-time high? Would he think it would hold firmly in 4-figure territory for years? He probably did. That is not a...

It’s a Critical Moment for Ethereum; Here’s the “Do or Die” Level to Watch

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Ethereum has been flashing mixed signs to investors throughout the past several days and weeks After seeing some turbulence yesterday, it is now showing some relative signs of strength as it trades near the upper boundary of its long-established trading range Analysts are now noting that it is currently a crucial moment for the digital asset Where it trends next could be largely dependent on whether...

This Technical Indicator Shows Bitcoin is About to See Wild Volatility

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Bitcoin’s consolidation phase has persisted despite many analysts anticipating volatility during yesterday’s weekly candle close The crypto is still trading in the lower-$9,000 region and is showing few signs of garnering any strength Analysts are now noting that it could soon see some wild volatility, however, as BTC’s Bollinger Bands haven’t been as tight as they are now since November of 2018 This...

HUGE NEWS! Coinbase May IPO in the Next 5 Months | Bitcoin News Summary July 13, 2020

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The post HUGE NEWS! Coinbase May IPO in the Next 5 Months | Bitcoin News Summary July 13, 2020 appeared first on 99 Bitcoins. <br /> Coinbase is exploring listing on the US stock market, and will host its first-ever &#8230; <br /> HUGE NEWS! Coinbase May IPO in the Next 5 Months &#124; Bitcoin News Summary July 13, 2020 Read More &#187; from Bitcoin news | Published...

How to Protect Your Bitcoin Wallet

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Bitcoin is a hot commodity lately. This cryptocurrency is usually at the top of experts' and users' lists of recommendations for investments in the digital world. If you're thinking about using Bitcoin or have already started your crypto journey, there are steps you can take to secure your currency....

Last Time This Signal Appeared, XRP Dove 35% Against Bitcoin. It’s Back

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Like other altcoins, XRP has rallied against Bitcoin over the past few days. While the leading cryptocurrency has stalled in the low-$9,000s, XRP has begun to push past the psychological resistance of $0.20. Even after BTC retraced by 3% from its local highs, the altcoin remains above $0.20. Some believe that this breakout is a signal of an even greater rally. Yet a crucial time-based indicator that...

Fund Manager: Selling Bitcoin to Buy Hot Altcoins Is “Super Risky”

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There&#8217;s been a strong move by many Bitcoin investors over recent weeks to accumulate altcoins. The premise of many of these investments is that one can potentially garner more BTC by trading popular altcoins, be that Cardano, Dogecoin, or otherwise. Pseudonymous analyst &#8220;PlanB&#8221; confirmed this. Citing a poll the prominent Bitcoin investor conducted, he wrote on July 10th;...

This Single Price Level Could Make Bitcoin’s Price Action “Nasty”: Analyst

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Stepping back from the recent volatility, Bitcoin remains in macro limbo. The leading cryptocurrency has not deviated from a 7% range over the past two to three weeks and a 15% range over the past two months. Bitcoin breaking below $8,600, though, will purportedly change that. An analyst identified that level on July 10th as one the crypto asset will need to hold for bulls to remain in control. Bitcoin...

Researcher Says Ethereum 2.0 May Be Delayed — Increasing Risk to ETH Bulls

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One of the biggest Ethereum narratives over the past few months is ETH 2.0. For those that are unaware, Ethereum 2.0 is a new version of the network that will dramatically improve usability, bandwidth, and speed. Developers intend to accomplish this by implementing technologies like Proof of Stake and sharding. At the Ethereum Asia Supermeetup in March 2019 in Hong Kong, Vitalik Buterin explained:...

Bitcoin Analyst Shares 4 Reasons Why the Altcoin “Party” Will End Soon

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It&#8217;s been an explosive week for the altcoin market, but not for Bitcoin. As Bitcoinist has extensively covered over recent days, a number of altcoins have surged higher. This list includes Dogecoin (DOGE), Chainlink (LINK), Synthetix (SNX), Cardano (ADA), and VeChain (VET). The recent price action has convinced some investors that an &#8220;altcoin season&#8221; is taking place....

This Technical Indicator is Signaling Bitcoin Could Soon Reel Towards $5,000

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Bitcoin recently faced a rejection at $9,500 that appears to be a grim sign for its macro outlook The cryptocurrency has since reeled back within its long-held trading range between $9,000 and $9,300 How it trends next will likely depend on its reaction to this trading range Because BTC posted a failed breakout attempt, it is likely weaker now than it was during its last bout of prolonged consolidation...

Crypto Research Firm Identifies 3 “Big” Bitcoin Bull Run Catalysts

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When analyzing Bitcoin, many investors cast aside fundamentals and only focus on the price action. Hence, as the cryptocurrency market has stalled over the past two months, data has shown that the market has grown increasingly bearish. The funding rate of BTC futures markets, which shows the sentiment of the market, is once again negative. Looking at the fundamentals, though, research firms and funds...

Bitcoin “Compression” Fractal from 2019 Hints Big Breakdown Ahead

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Bitcoin is at risk of undergoing a significant breakdown as it consolidates inside a compressive technical pattern. The analogy surfaced as an analyst compared Bitcoin&#8217;s latest trend with the one from 2019. He noted that the cryptocurrency consolidated inside a similar Symmetrical Triangle range last year before breaking down towards $6,500 from $14,000-top. As Bitcoin&#8217;s modest...

Poor Weekly Jobless Claims Hint at Another Bitcoin Price Plunge

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Bitcoin rally came under the threat this Friday as the number of Americans filing for unemployment claims remains elevated. That, combined with a rising number of COVID cases amid reopening efforts, led the US stock market lower a day before. A positively correlated Bitcoin fell in tandem, signaling it may remain under the pressure of a corrective risk-on outlook. Bitcoin pulled back alongside a broader...

Analyst Explains Why Bitcoin Is Trading Almost Exactly Like the S&P 500

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On Wednesday, Bitcoin was pushing $9,500. The cryptocurrency had finally begun to rally after sustaining a dip to $8,900 on the weekend. Many said that BTC was poised to rally even higher. One trader, for instance, shared charts indicating that Bitcoin was on track to hit $10,500, then $11,500 as bullish momentum ramped up. But the S&#38;P 500 has had other plans for this nascent market. On Thursday,...

This Technical Pattern Just Flashed a Major Warning Sign for Bitcoin

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Bitcoin’s momentum has stalled after it broke above its previous resistance at $9,300 The cryptocurrency is now flashing some signs of weakness as it struggles to push any higher One analyst is pointing to a technical pattern that BTC is currently forming that is strikingly similar to that seen right before its massive plunge in March If this pattern does replicate itself, it could lead the crypto...

Bybit Announces “World Series of Trading” Contest with Prize Fund Worth 200 BTC

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Bybit has announced it is launching a brand-new series of trading contests called the “World Series of Trading.” Targeted at traders of all levels, Bybit will allocate prizes from a pool worth 200 BTC or over $1.8 million at the current market price. The company plans to run the event twice each year, with the first one kicking off this summer.  The inaugural World Series of Trading (WSOT) event...

Why Top Analyst Predicts an Altcoin Rally on Key Ethereum Breakout

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Ethereum broke above a crucial short-term resistance area this Wednesday. The second-largest cryptocurrency is now eyeing a &#8220;significant breakout&#8221; towards 0.032 sats, according to analyst Peter Brandt. The veteran financial strategist also predicted an altcoin rally should Ethereum move higher. Ethereum is performing better in the bitcoin-enabled market since the &#8220;halving&#8221;...

Despite Rally to $250, Ethereum Was Just Dealt This Fundamental Blow

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Like most of the cryptocurrency market, Ethereum has performed well over the past few days. This strength culminated in a rally to the crucial level of $250 on Wednesday, as depicted in the chart seen below. The ongoing surge has been quick to flip cautious investors into bulls. One trader postulated that ETH is now on track to hit $300, citing the bullish break of its market structure and its outperformance...

United States Government Threatens to Shatter Hong Kong Dollar Amid Chinese Takeover, Could Increase Capital Flight Into Bitcoin

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The United States government is threatening to break the Hong Kong Dollar’s peg as retaliation for the Chinese takeover of Hong Kong. This would shatter the Hong Kong Dollar’s value, and could even lead to a currency collapse, and this has the potential to spark a massive wave of capital flight into...

These 3 Simple Factors Could Erase Bitcoin’s Current Signs of Strength

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Bitcoin is beginning to flash some signs of strength as it starts breaking out of the recently established trading range between $9,00 and $9,300 The crypto could soon make a move to test the resistance that sits towards the top of its long-held trading range This resistance extends from $9,700 to $10,000 BTC’s tempered strength comes as altcoins begin rallying, with some even climbing as much as...

Wall Street “Fear” Indicator Puts Bitcoin Under Extreme Downside Risks

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Bitcoin has rallied by more than 150 percent from its mid-March nadir, but its growing exposure to a similarly booming US stock market remains worrisome. The cryptocurrency risks paring a portion of its recent gains as macro analysts warn about a downside move in the S&#38;P 500 ahead. The warning came as the Cboe Volatility Index surged 41 percent above its historical average, indicating extreme...

Cardano (ADA) Hits 2-Year High Following Coinbase Custody’s Integration; What’s Next?

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Cardano&#8217;s native blockchain token ADA logged a two-year high in early Wednesday trading session. The ADA/USD exchange rate topped at $0.138 as traders shifted their focus on Coinbase Custody&#8217;s announcement of supporting ADA storage and staking this year. ADA is now up by circa 180 percent over the last 90 days. Cardano&#8217;s native token ADA is among the top performers in...

XRP’s Recent Collapse Could Force Ethereum Under $200, Analyst Suggests

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While Bitcoin, Ethereum, and other top cryptocurrencies are near year-to-date highs, the same cannot be said for XRP. As the chart below depicts, the leading altcoin is trading at $0.185 as of this article&#8217;s writing. This is below the start-of-2020 price ~$0.19 and more than 40% below the year-to-date highs of $0.34. For some context, Bitcoin is up around 25% while Ethereum has gained over...

Bitcoin Remains in Firm Bull Territory as Buyers Defend Critical Support

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Bitcoin has remained in firm bull territory over the past several weeks, despite it showing some signs of immense weakness Much of the benchmark cryptocurrency’s current strength comes from its ability to hold above its SMA50 One analyst believes that this is the level that will determine the crypto’s future in the days and weeks ahead He also notes that some hidden bullish divergences are working...

Banks Worldwide are Increasingly Clamping Down on Customer Being Able to Withdraw Cash and This is Why the World Needs Bitcoin

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As banks begin to restrict how customers can withdraw their cash, Bitcoin provides the solution for sovereign money Keeping cash in the bank is branded as the safest way to store money, but banks across the globe are persistently increasing limits and roadblocks for cash withdrawals, in what seems...
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