Day: January 11, 2019

Bitcoin (BTC) Boom Was An “Anomaly,” Yet Crypto Indicators Are Still Bullish

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Bloomberg Journalist Bashes Bitcoin For Being Correlated Yesterday, Sonny Singh, the chief commercial officer of fintech startup Bitpay, sat down with Bloomberg Opinion’s Stephen Gandel and host Emily Chang to talk about the Bitcoin price. In a debate-esque style, Gandel and Singh bounced ideas off each other, with both ballyhooing their opinions on the leading crypto asset. Via the medium of the Bloomberg TV segment, Gandel, a seeming BTC skeptic, first noted that a “leading” driver for cryptocurrencies in 2017 was that they were a “port in the storm,” or…

Bitcoin (BTC) Boom Was An “Anomaly,” Yet Crypto Indicators Are Still Bullish

boss

Bloomberg Journalist Bashes Bitcoin For Being Correlated Yesterday, Sonny Singh, the chief commercial officer of fintech startup Bitpay, sat down with Bloomberg Opinion’s Stephen Gandel and host Emily Chang to talk about the Bitcoin price. In a debate-esque style, Gandel and Singh bounced ideas off each other, with both ballyhooing their opinions on the leading crypto asset. Via the medium of the Bloomberg TV segment, Gandel, a seeming BTC skeptic, first noted that a “leading” driver for cryptocurrencies in 2017 was that they were a “port in the storm,” or…

Major Indian Bank Threatens to Close Accounts of Users Transacting in Crypto: Report

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Kotak Mahindra Bank — India’s second largest private sector bank by market cap — is allegedly requiring account holders to refrain from dealings in cryptocurrency. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 8. According to the screenshot provided in Indian CryptoGirl’s tweet, Kotak Mahindra Bank makes explicit reference to the Reserve Bank of India’s (RBI) regulations in its apparent terms and conditions for account holders, which allegedly demand consent to the following: “Basis [sic] the regulations issued by RBI, I hereby declare…

Bitcoin and Ether Market Update: January 11, 2019

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Crypto market erased $13 billion from its total capitalization the last 24 hours. Bitcoin lost eight percent while the rest of the top ten currencies registered two-digit drops. BTC-USD               Bitcoin lost five percent of its value between 05:00-06:00 CET on January 10, 2019. The sudden drop resulted in a catastrophic sell-off for the entire crypto market. The BTC-USD pair closed the day at $3,712 after losing another four percent during the trading session. Nevertheless, the current levels are still well below the December low of $3,280. The Estonian-based DX Exchange, which…

ConsenSys Backs Icelandic Startup Co-Founded by Ex-Chair of Country’s Central Bank

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Ethereum (ETH) blockchain startup and incubator ConsenSys has participated in a $2 million seed funding round for Iceland-based blockchain startup Monerium, according to a press release from the firm, published Jan. 11. The startup counts the former chairman of Iceland’s central bank among its four founders. The funding round was reportedly led by Icelandic venture capital fund Crowberry Capital, and has also seen the participation of Icelandic private investment firm Hof Holdings. Founded in 2016, Monerium is reportedly developing a solution for “bridging fiat money and blockchains,” issuing what it…

Bitcoin Price Will Tank Below $3,000, Says Trader Who Predicts Sell-Off

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The bitcoin price will crater below $3,000 amid a mass sell-off. That’s what futures trader Anthony Grisanti predicts about the ongoing Crypto Winter. “I’m looking for a move down to $3,000, which would represent a real weakness in this market,” Grisanti told CNBC. “It could be the driver that gets people to bail out of this and push it even lower.” Trader: ‘People are Liquidating Their Positions’ Grisanti is a CNBC analyst who previously traded energy futures at Bear Stearns. Like other crypto bears, Grisanti believes it’s only a matter of time before…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Tron, Bitcoin SV, Cardano: Price Analysis, Jan. 11

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. When a price is forming a bottom, it is usually volatile as both the bulls and the bears are trying to gain the upper hand. In a bear market, any negative news is met with strong selling and that is what has happened…

Crypto Markets Attempt to Stem Recent Losses, Some Top Alts See Solid Green

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Friday, Jan. 11 — after a major price rout yesterday, many cryptocurrencies are today clawing back lost ground, with most of the major coins tipping back into the green, as Coin360 data shows. Market visualization from Coin360 Top cryptocurrency Bitcoin (BTC) has stabilized around $3,700 to press time, seeing a slight 1 percent recovery over the past 24 hours. Yesterday, Jan. 10, Bitcoin fell sharply in value from ~$4,000 to ~$3,650 — an over 8 percent intraday loss. Having reclaimed the $4,000 mark Jan. 6 — which it comfortably held…

Ex-BitTorrent Exec Says There’s ‘No Way’ Tron Will Manage BitTorrent’s Token

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According to Simon Morris, former chief strategy officer at BitTorrent, Tron will not be able to manage the transaction volume needed to tokenize BitTorrent. Blockchain news website BreakerMag published its interview with Morris on Jan. 11. According to the interview, Morris noted that when he worked at BitTorrent, he and his team discovered that bringing a token and automated auctions to prioritize download queues could increase the speed of the network by up to 40 percent. Nevertheless, Morris reportedly stated that there’s “no way” the Tron blockchain could handle the…

Bitcoin Price Dangerously Close to ‘GTFO’ Level: Analyst Mark Dow

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For most of 2019, bitcoin and the wider cryptocurrency market rode a bullish wave, as a reduction in short-selling allowed prices to creep higher. However, on Thursday the bitcoin price crashed below the $4,000 mark, and now one prominent trader warns that it is dangerously close to approaching a level where even bulls need to “GTFO.” Mark Dow Sounds the Alarm on Bitcoin That trader is Mark Dow, a former IMF economist who famously shorted the bitcoin price from near its all-time high in 2017 to below $3,750. The bitcoin…