Day: January 3, 2019

Bitcoin Price in Near-term Bias Conflict as $4,000-Resistance Teases

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The bitcoin price consolidated this Thursday as $4,000-level continued to block the rally from a breakout attempt. The bitcoin-to-dollar exchange rate dropped as much as 5.36 percent of its value since its yesterday’s high at $3,971. The pair at press time is correcting higher on moderate volumes, up 0.71 percent from its intraday low at $3,758. The US dollar rate is posting minor losses owing to poor export data from the US markets. But its benefits are visibly going to the Japanese yen the most. Bitcoin is heading towards the…

V. Shankar of Gateway: “Bitcoin Has Finally Proven It’s not a Viable Investment”

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In late 2017 when the price of bitcoin and other digital assets embarked on a journey to the moon and FOMO  swept across the crypto space, Viswanathan Shankar, the CEO of Gateway Partners Limited, a Cayman-based private equity firm that invests in growth opportunities across a number of continents reportedly warned investors to “steer clear” from cryptos. With the blockchain-based digital assets price crash of 2018 that saw the pioneer cryptocurrency shed more than 80 percent of its nearly $20,000 value two years ago, the Gateway chief now boasts that…

Bitcoin’s Proof of Keys Day Begins With Industry-Wide Support

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Technology In addition to being Bitcoin’s 10th birthday, Jan. 3, 2019 will go down in history as being the crypto world’s inaugural Proof of Keys day. The initiative, conceived by Trace Meyer just weeks ago, has drawn broad support from cryptocurrency influencers and businesses. Over the past 24 hours, crypto companies have tweeted their encouragement for users to withdraw their funds from exchanges and other custodial wallets. Also read: European Exchange to Offer Investing in Stocks With Cryptocurrencies Proof of Keys Day Draws Strong Support From Crypto Companies If Trace Meyer’s…

US Retail Giant Overstock to Use Bitcoin to Pay Its Taxes in Ohio

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United States retailer Overstock.com has announced it will pay part of its business taxes in the state of Ohio using Bitcoin (BTC), according to an announcement on its website Jan. 3. Overstock will cover commercial activity taxes (CAT) with Bitcoin starting February, using the recently launched cryptocurrency taxpayer platform, OhioCrypto.com. The company’s CEO and founder Patrick Byrne — a longtime crypto enthusiast — said in the announcement that governmental adoption of cryptocurrencies and other emerging technologies, accompanied by friendly legislation, is “the best way to ensure the U.S. does not…

Crypto Markets Drop Slightly After Yesterday’s Surge, Stock Market Drops as Apple Plunges

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Following yesterday’s crypto market surge that sent Bitcoin up more than 4% and Ethereum up more than 10%, the markets have found some levels of stability and are currently trading down slightly. Although the crypto markets are relatively stable as of now, the stock market is seeing tremendous levels of instability, with today’s drop being primarily driven by Apple plunging over 8% after adjusting their Q1 guidance. Crypto Markets Down Slightly At the time of writing, Bitcoin is trading sideways and is down less than 1% at its current price of $3,850.…

On Bitcoin’s 10th Birthday, Crypto Markets See Corrections Across the Board

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Thursday, Jan. 3 — after some positive inklings of growth earlier this week, crypto markets have today dipped back into the red, with most of the top twenty cryptocurrencies by market cap seeing losses capped below 6 percent, as data from CoinMarketCap shows. TRON (TRX) is one of the only outliers among the top coins and the strongest top twenty performer on the day, up just 1 percent. The market is evidently responding positively to news that stalwart peer-to-peer torrent client BitTorrent has launched a TRON-based native token for its…

Bitcoin (BTC) is Set to Become the World’s Reserve Currency, Max Keiser Says

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Despite the bearish run of 2018, Max Keiser is a fervent believer that Bitcoin will grow not only in price but also in adoption and thinks that 2019 can be a favorable year for the cryptocurrency market as alternatives for transmission and storage of value compared to the traditional options offered by banks and financial institutions. Technical analysis appart, Keiser bases his opinion on the fundamental value of Bitcoin and the role it can play in the global financial situation of the modern world. In his first program of the…

Free Software Foundation saw their Bitcoin donation go down 14 percent before conversion

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According to a blog post published by the founder of the Free Software Foundation, the organization saw a Bitcoin donation lose 14 percent of its value before they could convert it to fiat. The donation had been received in January of 2018 from the Pineapple Fund and was to empower the free software activists and developers around the globe. The bear market had an effect on the Bitcoin donation However, the downturn of the crypto market last year saw the $1 million Bitcoin donation shrink to $860,000 by the time…

Bitcoin May See Long-Lasting Stability Throughout ‘Boring’ 2019

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Over the past 24 hours, the cryptocurrency market has seen its valuation drop from $135 billion to $130 billion, as the Bitcoin price dropped below the $3,800 mark. On January 2, the dominant cryptocurrency eyed a breakout above the $4,000 resistance level, but it struggled to increase further from $3,912, retracing to $3,780. Boring Year For Bitcoin in 2019 Historically, Bitcoin has tended to take 62 weeks on average to recover from a major correction or a bear market, and all five corrections the asset experienced in the past nine…

Bitcoin May See Long-Lasting Stability Throughout ‘Boring’ 2019

boss

Over the past 24 hours, the cryptocurrency market has seen its valuation drop from $135 billion to $130 billion, as the Bitcoin price dropped below the $3,800 mark. On January 2, the dominant cryptocurrency eyed a breakout above the $4,000 resistance level, but it struggled to increase further from $3,912, retracing to $3,780. Boring Year For Bitcoin in 2019 Historically, Bitcoin has tended to take 62 weeks on average to recover from a major correction or a bear market, and all five corrections the asset experienced in the past nine…