Market Hive

Bitcoin is no long the only game in crypto-currency town

Bitcoin is no long the only game in crypto-currency town IT STARTED as a joke. Dogecoin was launched in 2013 as a bitcoin parody, using as its mascot a Japanese shiba inu dog, a popular internet meme. The crypto-currency was never really used, except for tipping online, and one of its founders has called it quits. But recently its price has soared: on January 7th the dollar value of all Dogecoins in circulation reached $2bn, a sign of how crazy…

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Bitcoin falls as one of the world’s biggest cryptocurrency markets readies a bill to ban trading

Bitcoin falls as one of the world's biggest cryptocurrency markets readies a bill to ban trading South Korea's justice minister said that the country is preparing a bill that will ban all cryptocurrency trading Park Sang-ki told reporters that there are "great concerns" regarding virtual currencies Bitcoin tumbled more than 12 percent following Park's remarks South Korea's justice minister said on Thursday that a bill is being prepared to ban all cryptocurrency trading in the country. That news is a…

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Bitcoin Price Technical Analysis for 10th January – Small Reversal Signal

Bitcoin Price Technical Analysis for 01/10/2018 – Small Reversal Signal Bitcoin Price Key Highlights Bitcoin price appears ready for another selloff as price has formed a head and shoulders pattern on the 1-hour chart. Price has yet to break below the neckline around the $14,000 major psychological support. The chart pattern is approximately $3,000 tall so the resulting drop could be of the same height. Bitcoin price is forming yet another selloff signal on a short-term time frame, but technical…

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Bitcoin drops below $15,000 as regulation, demand concerns linger

Bitcoin drops below $15,000 as regulation, demand concerns linger Bitcoin slumped, dragging down smaller rivals such as ether and litecoin, as concerns that regulators will tighten their grip on the market weigh on the world's largest cryptocurrency. Regulators in China and South Korea are increasing oversight on cryptocurrency trading and mining, while the US Securities and Exchange Commission late last year started cracking down on some digital token sales, known as ICOs. Coinmarketcap.com's decision to exclude Korean pricing data for…

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Why African millennials can’t get enough of Bitcoin

Why African millennials can't get enough of Bitcoin Bitcoin's eye-watering price surge over the past year is proving too tempting to resist despite fears that cryptocurrencies are a bubble floating towards an inevtitable burst. One group for whom it holds particular appeal is African millenials, writes the BBC's Catherine Byaruhanga. Thirty year-old Peace Akware in Kampala is a convert to the crytocurrency craze. Like any self-respecting middle class millennial here her smartphone is always within reach and with it her…

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If the NYSE has its way, a risky leveraged ETF which doubles the return of bitcoin could soon hit the market

If the NYSE has its way, a risky leveraged ETF which doubles the return of bitcoin could soon hit the market The New York Stock Exchange has asked SEC regulators to list five exchange-traded funds that track bitcoin futures on one of its markets. The ETFs are short-term investment vehicles designed to multiply returns in the cryptocurrency market, the SEC filing said. The NYSE has already issued several bitcoin-related filings to the SEC. An improvised message tells passersby to "buy…

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Five predictions for digital currencies in 2018 — including stomach-churning drops, bitcoin-related IPO

Five predictions for digital currencies in 2018 — including stomach-churning drops, bitcoin-related IPO   More institutions will get into cryptocurrencies this year, analysts say. They expect more regulation and bitcoin's price to drop, before recovering. Stock investors may also get a chance to invest in a digital currency-related IPO. After the bitcoin craze rose to a near-fever pitch in the last several weeks of 2017, several investors and analysts in the space see more growing pains for cryptocurrencies this year.…

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Bitcoin Exchanges seeking clarity over levy of GST

Bitcoin Exchanges seeking clarity over levy of GST MUMBAI: Are Bitcoin exchanges required to pay goods and services tax? If they are, what would the rate be? And, will GST be levied on the revenues or operating margins of these exchanges? India's top seven Bitcoin exchanges, which include Zebpay, Unocoin, CoinSecure and BtcxIndia, plan to approach the Advance Authority of Ruling (AAR) for clear answers to these questions, two people with direct knowledge of the matter told ET. AAR is…

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BITCOIN PRICE – LIVE UPDATES: CRYPTOCURRENCY VALUE RECOVERING AFTER HEAVY RECENT SLUMPS

BITCOIN PRICE – LIVE UPDATES: CRYPTOCURRENCY VALUE RECOVERING AFTER HEAVY RECENT SLUMPS The value of bitcoin appears to be recovering after a tumultuous period for the cryptocurrency. After hitting a new record high when it passed the $19,850 mark in mid-December, it tumbled rapidly, falling to below $12,000 within days. It has been constantly rising and falling ever since, and is worth $14,932 as of Wednesday afternoon UK time, according to the Coinbase exchange. That’s a significant improvement on yesterday,…

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Bitcoin rises 10% on Peter Thiel fund’s likely holding; may revisit December high

Bitcoin rises 10% on Peter Thiel fund’s likely holding; may revisit December high Bitcoin prices advanced over 10 per cent in two trading sessions after The Wall Street Journal reported Peter Thiel's Founders Fund has amassed hundreds of millions of dollars of the volatile cryptocurrency. The report further said that the fund bought $15 to $20 million worth of the cryptocurrency and multiplied the principal investment by over 5 times. Bitcoin jumped to $14,951 on January 3 from $13,354 on…

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