Month: May 2018

Bitcoin Price Watch | BTC/USD Slips Below $8,500

boss

On Tuesday morning, Bitcoin price slipped below $8,500 once again after the cryptocurrency managed a slight comeback over the weekend. Its trading volume was not sufficient to maintain the latest bull run. BTC/USD Back Down To $8,200. The sell-off Subsides. As of 12:30 PM EST, Bitcoin price is sitting at around $8,200. However, BTC/USD is currently on another upward trend that is testing a major resistance level at $8,250. A break above that could send Bitcoin price further toward the $8,300 mark it was trading at earlier today. The major…

Crypto Investment Manager Touts 3 Catalysts for Bitcoin Cash Bull Run

boss

Cryptocurrency portfolio manager Brian Kelly has been touting Bitcoin Cash for weeks, and now he’s doubling down on his bullish call. Bitcoin Cash outperformed other leading digital currencies, the latter of which have taken it on the chin in recent weeks. The Bitcoin Cash price advanced 6% over the last month compared to declines of 5%, 9% and 11% for bitcoin, Litecoin and Ripple, respectively. Kelly on CNBC made the case for Bitcoin Cash. Kelly, the founder of investment firm BKCM, believes that Bitcoin Cash has more room to run, and…

Tron Price Surges 11 Percent Ahead of Mainnet Launch

boss

The Tron price posted a double-digit percentage rally on Monday, as the much-hyped project moved within 10 days of its official mainnet launch. Tron Price Posts Double-Digit Rally The TRX token had entered the day trading close to $0.0685 on Bitfinex, after which it began a steady rally that quickly carried it past the $0.07 and $0.08 thresholds in quick succession. At one point, the Tron price rose as high as $0.084, though it has since experienced a slight pullback. At present, the Tron price is trading at $0.0811, which…

Crypto Market Rebounds After Poor Week

boss

On previous reports, CCN noted that the $8,200 resistance level is an important threshold to observe given that a drop below the $8,200 mark could lead the bitcoin price back to the $7,900 region. Over the past 24 hours, the cryptocurrency market has rebounded as the bitcoin price reached $8,500 and tokens such as Tron (TRX), AirSwap (AST) and Ontology (ONT) recorded gains in the 10 to 20 percent range. Ontology, Tron, AirSwap The majority of tokens in the space have experienced an intensified movement on the downside, mimicking the…

Bitcoin Price Watch | BTC/USD Declines Further, Drops Below $8,200

boss

On Friday morning, Bitcoin price continued its downward movement from earlier this week, falling below the key support level of $8,200. At one point, BTC/USD was below $8,000; a one-month low. The coin hasn’t been able to break above the key resistance of $8,500 for the past three days. Currently, BTC/USD is trading at around $8,100 as of 12 PM EST. Bitcoin Fails To Rally Despite all the hype surrounding Bitcoin throughout the “Blockchain Week” event held in New York, the cryptocurrency failed to rally as people had hoped. Instead,…

How to Earn Bitcoin | Earn Bitcoin Playing Games, Mining, Jobs & More!

boss

Bitcoin is the most valuable digital currency in the world. It’s no surprise many people are looking to earn some. When it was first created, 1 Bitcoin technically was worth $0. It is safe to say that it has since grown exponentially as at the time of writing, Bitcoin’s current value is a whopping $8,500 USD per Bitcoin and its market cap? over $300 billion USD. Ever the volatile coin, however, it’s price can skyrocket upward in a day or drop hundred’s of dollars in a day. If you are looking to…

Bitcoin Price Watch | BTC/USD Falls Below the Critical $8,500 Mark

boss

On Wednesday morning, Bitcoin price dipped below the critical $8,500 price level as bears began to rally, potentially sending the coin further down toward $8,000 and beyond. At its lowest point today, BTC/USD reached $8,100. For the past seven days, Bitcoin value declined by about 12%. Bitcoin Could Fall Below $8,000 Bitcoin price dipped below $8,500 today, and it could fall even further later this week as another crypto selloff has begun. One of the catalysts triggering this selloff could be Microsoft Bing’s ban on crypto advertising. Bing now joins…

Bitcoin Price Eyes Breakout as Trading Range Tightens

Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest. With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go. As of writing, BTC is changing hands at $8,760 on Bitfinex, and is trading between the 50-day moving average (MA) at $8,287 and the 100-day moving average at $8,837. The sell-off from the May 5 high of $9,990 came to halt…

Deloitte: 3 out of 4 Big Companies See ‘Compelling’ Case for Blockchain

boss

According to a Deloitte survey presented Tuesday at CoinDesk’s Consensus event in New York City, 74 percent of large companies across seven countries see a “compelling business case” for blockchain technology. Deloitte – the multinational “Big Four” firm that provides tax, auditing and consulting services – conducted the survey in late March and early April. The approximately 1,000 respondents represented companies with annual sales of at least $500 million in the U.S., China, Mexico, the U.K., France, Germany and Canada. The firms represented a range of industries: financial services was…

Whitfield Diffie Talks Cryptography ‘Resurgence’ and Blockchain

boss

“This is very fulfilling because when you thought the subject [of privacy and cryptography] must have run its course, it flares up again.” Those words, from cryptography legend Whitfield Diffie, perhaps captured the essence of the first day of CoinDesk’s Consensus 2018 conference. Diffie famously co-authored a landmark paper in 1976 that laid the foundations for public key cryptography, a key element of modern internet security and of cryptocurrencies. During a freewheeling, jovial fireside chat with zcash founder Zooko Wilcox, Diffie praised blockchains and cryptocurrencies, saying the technology represents a…