Bitcoin: Analyst Calls for Bullish Target at $12,870, but are bulls in the Clear?
October 31st, 2019
Bitcoin [BTC] price turned slightly bearish last day as price dipped below $9250 levels to test low at $8985. The 200-Day Moving Average ($9025) is currently acting as support. However, the 100-Day moving average ($9607) as resistance. Trader Josh Rager tweeted on the price movements, $BTC lower time frame range broke before daily open leading…
Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq
October 30th, 2019
Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters. Canaan Files for US IPO…
China Ranks 35 Crypto Projects as President Xi Pushes Blockchain
October 29th, 2019
China has been on a roll with a series of crypto-related announcements. President Xi Jinping’s speech to accelerate the development of blockchain technology in China was followed by the passing of a cryptography bill. Meanwhile, China’s Center for Information and Industry Development has continued to evaluate and rank crypto projects, and the central bank is…
Bitcoin Tip Toes Towards $10,000 as BitMEX Liquidations Hit $4.6 million
October 29th, 2019
Traders on BitMEX Margin Trading platform are choosing to remain bullish on Bitcoin despite the correction from highs above $10,500 to test the support at $9,000. Besides, Bitcoin has corrected above $9,400 and is maintaining focus on $10,000. Moreover, the short-term support at the 61.8% Fib retracement level taken between the last drop from $10,575.50…
How Hard Is It to Brute Force a Bitcoin Private Key?
October 28th, 2019
Trying to crack a private key with a brute force attack is a bit like trying to count to infinity: the sooner you begin, the faster you’ll never get there. Despite being as next to impossible as impossible gets, using a brute force attack to crack a bitcoin private key remains an intriguing idea for…
Bitcoin Derivatives Volume Has Grown 10 to 18 Times Bigger Than Bitcoin Spot Volume
October 28th, 2019
As Bitcoin struggles to cross $8,000, derivatives trading is on an explosion. The amount of derivatives traded globally exceeds Bitcoin spot volume by 10 to 18 times says a Bloomberg report. Crypto Market Derivatives Continues To Flourish The third quarter of 2019 saw the crypto market lose nearly $100 B in market cap and noted…
The Big Lie Perpetuated by Central Banks
October 27th, 2019
The central banking system controls monetary policy within a given jurisdiction, including the creation of money itself. The system is a lie and a denial of reality. The lie is political in motivation and content, and the denial of reality is rooted in culture and philosophy. Ethical Relativism and Central Banking The political lie: Central…
US Congressman Comes in Support of Bitcoin; Calls it “Very Real, Very Important”
October 27th, 2019
In an interview with Laura Shin, Patrick McHenry, the North Carolina Republican representative, said that Bitcoin is an important project with an immense future utility. He urges policymakers not to lump and classify this “very real, very important project” with Libra. Bitcoin Different From Libra Clarifying that his comments are not meant to disparage any…
Bitcoin and Crypto Market Volatility Threatens Altcoin Dominance Again
October 26th, 2019
Bitcoin price flash rise from $7500 to $10,350 came to the cooldown on Saturday, witnessing massive volatility. The daily correction in price from the high is about $1350, as the price tested daily lows near $9010. BTC/USD 4-Hour Chart on Bitstamp (TradingView) The total market capitalization of the cryptocurrency market increased by over $50 million…
Bitcoin Futures Order Book Flips: Bakkt’s New Record and $400 Mn Short Liquidations
October 26th, 2019
Bitcoin price created history yesterday as price recorded the third-highest percentage rise in its history. The prior two surges were recorded in 2011 when the Bitcoin was just known among the geeks. Eight years ahead, Bitcoin has become a global financial instrument traded across esteemed platforms. CME, Bakkt, LedgerX, and so on are regulated platforms…