XBT/USD Analysis: Bitcoin Re-ignited Bullish Wave Is Fixated On $9,000 – BitMEX Margin Trading

January 17th, 2020

Bitcoin recently soared to higher levels compared to the ones traded at the beginning of the year. The price cleared several barriers including $8,900. However, the momentum lost its mojo before testing the resistance at $9,000. The correction that followed saw Bitcoin dive towards $8,500. Fortunately, immense buying pressure emanated from the support at $8,570…

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange

January 16th, 2020

Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed cryptocurrency exchange, where miners will be able to sell the coins they have minted….

Is Bitcoin (BTC) Rallying to $8,500 Because Craig Wright Can’t Prove He His Satoshi?

January 14th, 2020

Bitcoin (BTC) gains are in single digits, up 5% in the last day of trading. However, this is enough to sustain bulls and keep prices above the $8,000 mark. Now, there are some Twitter commentators linking this unexpected rally to Craig Wright’s inability to liquidate the 1.1 million BTCs he claims to own in trust…

Bitcoin (BTC) Will Soon Enter a “New Era”, is $9,000 inbound?

January 13th, 2020

Bitcoin will soon enter a “new era” if price action is anything to go by. This is the view of one crypto commentator and analyst on Twitter, MoonOverlord. As per his Wyckoff analysis, Bitcoin is in the early stage of a possible rally that could lift prices to new highs following accumulation. BTC Dominance and…

Philippine ‘Crypto Valley of Asia’ to Get Own Airport

January 10th, 2020

The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of its investors and crypto service providers. Many cryptocurrency exchanges have…

Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency

January 9th, 2020

As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international banking laws like AMLD5 can push bitcoin-friendly companies out of business,…

Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream

January 8th, 2020

A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream.

How to Sell Anything for Bitcoin on Your Website

January 7th, 2020

Selling things for bitcoin online doesn’t have to be hard. In fact, it shouldn’t be, given the decentralized nature and low fees of peer-to-peer electronic cash. For beginners and DIYers new to the world of creating an online bitcoin or crypto marketplace, this article seeks to provide some basic pointers and new resources to get…

Stablecoins Are Crypto’s Version of Fractional Reserve Banking

January 6th, 2020

Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however,…

Crypto Fundraising Is Changing Again in 2020

January 4th, 2020

Funding is a prerequisite for any new crypto project, but with IEOs likely to play a reduced role in 2020, where will the all-important capital come from? While minted entities like Ripple, Tezos, and Tron certainly have the means to plow tens of millions into their chosen ventures, they can’t be expected to finance an…