Bitcoin Price Defies Oversold Conditions to Hit 15-Month Low

Bitcoin (BTC) tumbled to 15-month lows earlier today, dashing hopes of a rally signaled by current extreme oversold conditions. The world’s largest cryptocurrency by market capitalization fell to $3,200 on Bitstamp at 00:15 UTC – the lowest level since September 2017. BTC was trapped in a five-day-long narrowing price range 24 hours ago and showed signs that it might break upwards with a strong move toward the crucial resistance at $3,633. These bullish expectations were based largely on a premise that the sellers are facing exhaustion, as indicated by the…

The Daily: Crashing Crypto Trader Shares Advice, Bitcoin Bandit Extradited

The Daily In Friday’s installment of The Daily, we update a story we first reported on yesterday – the closure of stablecoin project Basis. Its team have now given the official reason for its cessation. We’ll begin, though, by covering a slice of crypto crime concerning “bitcoin bandit” Nicholas Truglia. Also read: Digital Currency Platform Revolut Receives European Banking License Bitcoin Bandit Faces Justice Truglia maintains his innocence On Dec. 13, so-called “bitcoin bandit” Nicholas Truglia was extradited to California to face charges of hacking into the phones of major Silicon…

SeedCX Exchange Is Barring Employees from Crypto Trading

Having traded cryptocurrency with his own money since 2014, software engineer Alex Wachli made a difficult choice when he joined the institutional crypto startup Seed CX. He had to give up trading. Seed CX forbids cryptocurrency trading by its roughly 40 employees. So Walchli effectively locked up his crypto holdings by handing the compliance team a list of all his wallet addresses, so they could monitor them and confirm his holdings stayed put. The engineer says he understands how personal investments could create a conflict of interest with regards to the…

Razer Softminer: Tricking Children Into Crypto Mining?

Razer Softminer: Tricking Children Into Crypto Mining? December 14, 2018 by Tyson O’Ham Razer, prominent makers of PC peripherals and other obnoxious light-up gamer gear, recently launched Razer Softminer to squeeze even more money out of adolescents and the people who support them. This time, though, there isn’t even the pretense of cheap plastic computer enhancements – the new program is basically de facto mining malware in the guise of a loyalty-points app. Also see: Boerse Stuttgart, Europe’s 10th Largest Stock Exchange, Preps for Crypto Subscribe to the Bitsonline YouTube channel for great…

Crypto Bull Tom Lee is Sure that Bitcoin Fair Price Makes at Least $13,800

According to cryptocurrency bull Tom Lee, Bitcoin is underestimated, and its fair price should be about $10,000 above where it is trading now. The digital market is very volatile, but some outstanding crypto bulls are hazarding guesses about the price of Bitcoin. One of them is Tom Lee, co-founder of Fundstrat Global Advisor, who at the beginning of 2018 predicted Bitcoin would hit a $25,000 benchmark this year. Later, he updated his Bitcoin price forecast for this year, predicting that it would reach $22,000 instead of $25,000. Unfortunately, Lee’s lofty price predictions have fallen short,…

PayPal Gets into Blockchain, But Only Internally Among Employees for Now

Payments platform PayPal has so far avoided Bitcoin acceptance and, at least visibly, not considered blockchain for its platform. Now, it has launched an internal blockchain-based employee incentive program. A production of PayPal’s innovation lab, in San Jose, California, the platform took 25 strong team six-months to build and went live this November, according to reports by Cheddar and the lab’s director of innovation Michael Todasco. He says the platform is a: “Venmo-like feed people can like and comment on and see all the activity going on within PayPal related…

Bitcoin Price Watch: BTC Sellers Target Breakdown Below $3,000

Key Points Bitcoin price declined further and broke the $3,295 and $3,200 supports against the US Dollar. There was a break below a major contracting triangle with support at $3,355 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price traded to a new weekly low at $3,150 and it is currently correcting losses. Bitcoin price declined below the $3,200 support recently against the US Dollar. BTC could continue to face a lot of selling interest near the $3,350 and $3,375 levels. Bitcoin Price Analysis Yesterday,…

Venezuela Starts Converting Pensioners’ Payments to Crypto ‘Petro’: Report

The government of Venezuela has reportedly started converting pensioners’ monthly payments from the country’s fiat currency, the bolivar, to its oil-backed cryptocurrency Petro, without giving them a choice. According to the Caracas Chronicles, a politics and economics-focused website based in Venezuela, the country’s pensioners are notified every time their monthly payments arrive, but this time received a second notification informing them the funds were “for the concept of Savings in Petro.” Per the website, pensioners have started depending on government bonuses after years of hyperinflation saw their savings become worthless.…

Venezuela Starts Converting Pensioners’ Payments to Crypto ‘Petro’: Report

The government of Venezuela has reportedly started converting pensioners’ monthly payments from the country’s fiat currency, the bolivar, to its oil-backed cryptocurrency Petro, without giving them a choice. According to the Caracas Chronicles, a politics and economics-focused website based in Venezuela, the country’s pensioners are notified every time their monthly payments arrive, but this time received a second notification informing them the funds were “for the concept of Savings in Petro.” Per the website, pensioners have started depending on government bonuses after years of hyperinflation saw their savings become worthless.…

Ripple Price Analysis: Break Below $0.2900 Could Speed Up XRP Losses

Key Highlights Ripple price seems to be struggling to clear the $0.3100 resistance area against the US dollar. There is a key bearish trend line formed with resistance at $0.3025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if there is a break below the $0.2900 and $0.2880 supports. Ripple price is under pressure against the US Dollar and Bitcoin. XRP/USD failed to move past $0.3100 and now it could decline further towards $0.2650. Ripple Price Analysis There was a decent…