Day: January 8, 2019

European Central Bank Policy Maker Calls Crypto ‘a Fairy-Tale Story’

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A member of the Governing Council of the European Central Bank (ECB) has warned that “the [cryptocurrency] bubble has already started to collapse,” Bloomberg reported Jan. 7. Speaking at a conference in Riga, Latvia, Ardo Hansson — also the governor of Estonia’s central bank — stated that digital currencies will end up as a “complete load of nonsense.” The official warned that “the bubble has already started to collapse and maybe we should just see how far this collapse goes, and what is left when we’ve reached a new kind…

Ether Markets Are Mimicking Bitcoin’s 2015 Price Bottom

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Past performance is no guarantee of future results, but when history repeats it can be difficult to ignore the potential implications. Such is the case with price chart of ether, the ethereum network’s native cryptocurrency. Since Sept. 2018, the price chart of the world’s second largest cryptocurrency has mimicked the market structure of bitcoin’s bear market bottom in 2015.  In the world of technical analysis and trading, similar and repeating market structures are known as fractals, similar to the recurring patterns found in art, nature and mathematics. The two emotions…

Ether Markets Are Mimicking Bitcoin’s 2015 Price Bottom

boss

Past performance is no guarantee of future results, but when history repeats it can be difficult to ignore the potential implications. Such is the case with price chart of ether, the ethereum network’s native cryptocurrency. Since Sept. 2018, the price chart of the world’s second largest cryptocurrency has mimicked the market structure of bitcoin’s bear market bottom in 2015.  In the world of technical analysis and trading, similar and repeating market structures are known as fractals, similar to the recurring patterns found in art, nature and mathematics. The two emotions…

Regulators Freezes Assets of BitConnect Promoter John Bigatton

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John Bigatton, the only representative for BitConnect Australia, has had his assets frozen by the  Australian Securities and Investments Commission (ASIC), functions very similarly to the Securities and Exchange Commission in the United States. Bigatton can’t travel, as part of the ongoing investigation. In the video below, Bigatton celebrates with BitConnect victims as cash rains to a Star Wars theme. From Financial Advisor to Alleged Crypto Scammer Bigatton is also a director and shareholder in BitConnect International. BitConnect as a whole is under investigation by several international bodies, including the…

Winklevoss Twins Confirm Commitment to Bitcoin ETF During Reddit AMA

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Cameron Winklevoss stated that “Bitcoin [BTC] is most likely the winner in the long term” during an Ask Me Anything (AMA) session on Reddit today, Jan. 7. Answering a question about whether or not Bitcoin will keep its number one position among cryptocurrencies, Cameron expressed his optimistic view of the coin, saying that “Bitcoin is certainly the OG crypto! It’s hard to defeat network effects — so in terms of ‘hard money’ (i.e., store of value) Bitcoin is most likely the winner in the long term.” The Winklevoss brothers also said…

Bitcoin Lightning Network Continues To Boom Amid BTC Surge Past $4,000

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Bitcoin Lightning Networks Starts 2019 Off Strong   Although the crypto market has barely budged since New Year’s Day, save for Sunday’s surge, Bitcoin’s fundamentals have continued to outperform, starting off 2019 with a proverbial bang. Case in point, per data from Bitcoin analytics provider 1ML, routed through crypto trader Ride The Lightning, the capacity of the Lightning Network is up 23% in the past month. For those who missed the memo, the Lightning Network is a second-layer scaling solution that facilitates low-cost, near-instant, scalable, and secure transactions. The scaling solution can…