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Bitcoin drops below $6,200 for first time in three months

February J, 2018

Bitcoin drops below $6,200 for first time in three months The virtual currency fell to $6,190 for the first time since mid-November, according to Bloomberg News, and represents the latest hammering for a unit that saw a stratospheric 26-fold rise last year. Bitcoin plunged 20 per cent to a three-month low today, its latest sharp loss following a series of setbacks for the cryptocurrency that, with a collapse across global mainstream markets adding to the selling. The virtual currency fell…

Bitcoin Not Giving a Big Enough Hit as âGateway Drug’

February J, 2018

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Bitcoin Not Giving a Big Enough Hit as ‘Gateway Drug’ Interest in Bitcoin hit its high point leading up to its own high of $20,000 in the middle of December last year. Interest peaked, not only in investing circles, but also in the mainstream as Bitcoin became the buzzword on everyone's lips. This adoption was championed by Bitcoin as it welcomed millions of users to the cryptocurrency community, as expressed in Coinbase’s figures alone. However, in this fast paced ecosystem,…

Cryptocurrency Markets Move Back Into Green After Substantial Selloff

February J, 2018

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Cryptocurrency Markets Move Back Into Green After Substantial Selloff Cryptocurrency markets are rebounding today, Feb. 3, following yesterday’s multi-month low in Bitcoin's price. Most of the top 50 coins are in green, with 24 hour gains over 20 percent. In part due to pressure from misleading reporting on regulations in India, the overall cryptocurrency market took a massive nosedive starting Thursday, Feb.1, shedding more than $100 billion in market cap in the 24 hours following the news. However, after the…

Bitcoin is bottoming, expect a 70 percent surge â Trader

February J, 2018

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Bitcoin is bottoming, expect a 70 percent surge – Trader The old saying goes, "buy when there's blood in the streets," and that's what I'm doing with the recent bitcoin price action. Bitcoin traded to a low of $7,700, this level is a loss of 25 percent on the week and 40 percent on the year. That $7,700 low is ironic because it is the same level that it broke above and began a parabolic ascent in mid-November. I am…

Bitcoin, Ripple, And Litecoin Sell-off – What’s Different This Time Around

February J, 2018

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Bitcoin, Ripple, And Litecoin Sell-off – What's Different This Time Around The current sell-off in Bitcoin, Ripple, Litecoin, and other cryptocurrencies may have a long way to go before it’s over. For a “technical” reason: it’s broad, extending from major currencies to the smaller ones. When Bitcoin dropped close to 40% back in the middle of December, Ripple rallied, quadrupling in value in just a few days. The rally quickly spread to Ethereum, Litecoin, NEM, Siacoin and Bytecoin, and other…

Is Bitcoins Reign as King of Cryptocurrency in Danger

January J, 2018

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Is Bitcoin’s Reign as King of Cryptocurrency in Danger? Regardless of where your allegiances lie in the crypto community, homage should be paid to the original Blockchain solution – Bitcoin. However, it has been 10 long years now since Bitcoin came into being (an eternity in the cryptocurrency space) and things are starting to get away from the King. Bitcoin’s path was forever changed in August 2017 when a new challenger stepped up to the plate amid the rapidly escalating…

Masked thugs stick up investor at GUN POINT in FIRST UK cryptocurrency robbery

January J, 2018

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Masked thugs stick up investor at GUN POINT in FIRST UK cryptocurrency robbery BITCOIN'S price is down again this morning after a report this weekend of a gunpoint robbery where a city financier was targeted at his home and forced to transfer money to armed robbers. Bitcoin's price is down $480 to $11,217 at the time of press as the crypto community responds to the deluge of regulatory threats coming from Davos last week, and a gunpoint robbery in…

Bitcoin SUCCESS sees Australia pledge creation of price stable gold-backed cryptocurrency

January J, 2018

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Bitcoin SUCCESS sees Australia pledge creation of price stable gold-backed cryptocurrency A NEW cryptocurrency backed by gold is set to be made by Australia’s largest gold refinery after the Chief Executive announced plans to increase investment in the country’s metals. Perth Mint have said they are hoping to capitalise on the rise the trading of digital currencies as a way to help increase interest in investing in Australia. A number of cryptocurrencies have risen in popularity over the past 12…

How Chinese Bitcoin Buyers Are Getting Around Government Ban

January J, 2018

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How Chinese Bitcoin Buyers Are Getting Around Government Ban Chinese citizens are still investing in Bitcoin and the cryptocurrency market despite the government’s heavy crackdown. In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi and OKCoin were ordered by the government to shut down their businesses. At one point, executives of the three cryptocurrency exchanges were prevented from leaving the country, due to a government investigation into local cryptocurrency exchanges. Three months later, in December of 2017, China’s three largest…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano – Price Analysis, Jan. 25

January J, 2018

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano – Price Analysis, Jan. 25 The massive upwards movement in cryptocurrencies over 2017 has not gone unnoticed. The participants at the World Economic Forum (WEF) in Davos are being questioned about cryptocurrencies and Cointelegraph has been one of the main voices representing the fraternity. The traditional investors are still not willing to accept the rising clout of the cryptocurrencies and are pushing for tighter regulation. Only recently, Nordea Bank banned its…