Day: December 19, 2018

Bitcoin Extends Price Anniversary Rally to Hit $3,800 as Altcoins Surge Higher

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Wednesday, Dec. 19 — Cryptocurrency markets continue a fresh rally with Bitcoin (BTC) touching $3,800 and leading altcoins to claw back their latest losses. Market visualization from Coin360 Data from Cointelegraph’s own price index, CoinMarketCap and Coin360 confirms the extended rebound, which began late Monday and continued through Tuesday. After a slight correction, almost all of the top 20 assets by market cap began climbing higher again, with BTC/USD finding support at $3,750. Last week, the pair had dipped as low as $3,130 amid warnings that a much larger fall…

Bull Reversal: Bitcoin Climbs Key Price Hurdle to Target $4K

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Bitcoin’s (BTC) price crossed key resistance yesterday, boosting the prospects of a stronger rally above $4,000. The leading cryptocurrency by market value broke out of a bearish descending pattern and closed above key resistance at $3,633 yesterday. That came after picking up a strong bid on the anniversary of its 2017 all-time price high on Monday. Tuesday’s close has also pushed up the probability of a bullish three-day close above $3,590 being confirmed on Thursday. So, with the short-term picture looking bullish, the focus shifts to the next major resistance levels…

Crypto Markets Gain $20 Billion in 48 Hrs as Bitcoin (BTC) Tests $3,800

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48 hours ago and on the 17th of December, Crypto traders were certain that Bitcoin would drop a few hundred points in value as was the norm every Monday for the past few months due to the the current crypto bear market. This past Monday, BTC was trading at $3,200 and many believed that the King of Crypto was set to test levels below $3,000. Bitcoin’s ‘Mooniversary’ Was On Monday However, this past Monday was different in that it was the one year anniversary of Bitcoin reaching its record All…

Bitcoin History Part 5: A Wild Altcoin Appears

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Altcoins It’s hard to imagine a time before cryptocurrency exchanges were stocked with hundreds of digital assets. A time before the pejorative “shitcoin” had been coined and there was no such metric as bitcoin dominance. But travel back to late 2010 and that’s exactly what you’d have found: a cryptosphere in which BTC was the only coin in town. But all that was about to change. Also read: Bitcoin History Part 4: Casascius Creates Physical Bitcoins Namecoin Is First Out the Blocks The first altcoin to emerge following bitcoin wasn’t…

Japan’s FSA Approves License for Hacked Crypto Exchange Coincheck, Nikkei Reports

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Japan’s Financial Services Agency (FSA) has purportedly approved a cryptocurrency exchange operating license for hacked crypto exchange Coincheck. English-language Asia-focused news publication Nikkei Asian Review reported the news Dec. 19. According to Nikkei, an announcement from the financial watchog is reportedly due to be released by the end of the year. Notably, in private correspondence with Cointelegraph Japan, Coincheck’s PR emphasized “it is not [the exchange’s] official announcement and we haven’t confirmed the fact yet.” As previously reported, the FSA has intensified its scrutiny of domestic crypto exchanges in the…

Coinbase Gets Aggressive With Crypto Listing: Lists MakerDao, Golem, Zilliqa

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Amid an extended bear market, Coinbase has surprised Bitcoin maximalists and crypto asset diehards alike, recently listing a series of crypto assets seemingly out of left field. However, many pundits and commentators have deemed that the San Francisco-based company’s shift in strategy is illogical, as it goes against formerly-established principles. Yet, the firm has only doubled-down on its growing penchant for alternative cryptocurrencies, listing a number of Ethereum-based tokens on Tuesday. Coinbase Pro Incessantly Lists More Cryptocurrencies On Tuesday, amid a flurried market rally, Coinbase Pro suddenly revealed that it…

Fintech Firm Launches App For Crypto Owners to Trade All Markets Without Any Fees

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A fintech company is taking on the retail trading industry and giving crypto owners the opportunity to use digital currencies as collateral and to trade across markets with fiat funds — avoiding any commissions or fees. Quantfury says its mission is to make the markets “absolutely transparent and fair” while giving crypto enthusiasts an opportunity to use their assets in a new way. The startup tackles the opacity seen in some financial institutions — places where “retail brokerages speculative crypto exchanges bet against clients with artificially adjusted prices, spreads and…

JP Morgan and ex-Goldman Sacs exec on institutional investors reaction towards this crypto bear market

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The current bear market has been arousing numerous discussions within the crypto space. Recently, an ex Golman Sachs executive and a team monitoring cryptocurrency developments within JP Morgan have given their take on the impact on the bear market and institutional investors reaction towards crypto in general. They have two different view points on the current market. While the ex Goldman Sacs executive, Greg Tusar believes this current market portrays opportunities for institutional investors, JP Morgan states that the current market pushes away Institutional investors. Greg Tusar is a former…

Coinbase Ventures, Polymath and Others Back $3M Funding Round for Crypto Data Startup Nomics

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Photo: Nomics / Facebook Nomics, cryptocurrency data start-up, has finished its Series A funding round, in which it managed to raise $3 million. The funding was led by Coinbase Ventures and Arthur Ventures, among the participants also were CoVenture Crypto, CityBlock Capital, Digital Currency Group, King Capital, TokenSoft, Polymath and the BitGo founder Ben Davenport. ⚡️ “Nomics Series A Fundraising Announcement”https://t.co/EvrCB8RDQN — Nomics Crypto (@nomicsfinance) December 18, 2018 According to Clay Collins, CEO and co-founder of Nomics, the money raised will be used to develop new products. He said that the primary goal of…

Bitcoin Price Watch: BTC In Clear Uptrend Towards $4,000

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Key Points Bitcoin price extended upsides and traded above the $3,580 and $3,650 resistances against the US Dollar. There is a key bullish trend line formed with support at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains in a solid uptrend and it could rise towards $4,000 or even $4,200. Bitcoin price gained pace above the $3,650 resistance against the US Dollar. BTC traded close to $3,800 and it looks set for further gains towards $4,000 or $4,200. Bitcoin Price Analysis Yesterday,…