Day: April 21, 2019

EY Blockchain Whiz Quits Crypto, Says Adoption Not in Bitcoin’s Forecast

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: The ruthless bitcoin bear market of 2018 has claimed numerous victims, including many crypto startups and executives. The latest is former EY blockchain leader Angus Champion de Crespigny,…

Signal That Predicted The Bitcoin (BTC) Rally Past $5,000 Is Flashing Yet Again

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Bitcoin Ready To See 25% Rally In March, when Bitcoin (BTC) was trading at around $4,000 apiece, a prominent analyst going by Filb Filb quietly made a prediction that the cryptocurrency was going to hit $5,000, as his peers laughed. As we now know, Filb was right. And interestingly, the same indicator that he used to back his $5,000 call is flashing yet again. The indicator: Filb explained that when Bitfinex’s BTC long-short (L/S) ratio rose above 1.5, returned to one or below, and then moved back above 1.25 over…

Tom Lee Updates Bitcoin Misery Index, At Highest Level in Bear Market

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Popular cryptocurrency pundit and Fundstrat Global Advisors analyst Tom Lee issued an update on his “Bitcoin Misery Index” in an interview with CoinTelegraph published on April 19. According to the analyst, Bitcoin is reaching new heights by the BMI indicators, establishing new markers that have yet to occur in a bear market. While analytics firms differ in the market indicators they follow, Fundstrat uses the cleverly titled Bitcoin MIsery index as a way of gauging investor sentiment for the leading cryptocurrency by market capitalization. Lee designed the BMI as a…

Bitcoin (BTC) May Have Bottomed, But Crypto Could Still See A “Black Swan” Event

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In the eyes of analysts across the board, Bitcoin (BTC) decidedly bottomed at $3,150. They cite the fact that at $3,150, BTC was down 85% from its all-time highs, which is where the crypto asset has bottomed in previous cycles, coupled with the idea that industry fundamentals are better than ever. And so far, this call has been vindicated, as BTC now sits at a casual $5,300. However, some pundits fear that a so-called “black swan” event could still strike this market, forcing Bitcoin and other cryptocurrencies to enter a…

Bitcoin (BTC) May Have Bottomed, But Crypto Could Still See A “Black Swan” Event

boss

In the eyes of analysts across the board, Bitcoin (BTC) decidedly bottomed at $3,150. They cite the fact that at $3,150, BTC was down 85% from its all-time highs, which is where the crypto asset has bottomed in previous cycles, coupled with the idea that industry fundamentals are better than ever. And so far, this call has been vindicated, as BTC now sits at a casual $5,300. However, some pundits fear that a so-called “black swan” event could still strike this market, forcing Bitcoin and other cryptocurrencies to enter a…

Altseason? Analyst Claims Sticking With Bitcoin (BTC) May Be Safer For Now

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The Case For A Crypto Asset Rally Fundstrat’s prominent head of research, Tom Lee, recently took to Twitter to remark that one of the “pre-conditions” for historical altcoin rallies is coming to life in the current cycle. This precursor, for those unaware, is a drop in the correlation between the crypto asset class at large and Bitcoin (BTC) itself. 1/ Since 2015, one of the “pre-conditions” for the start of alt-season is a drop in the correlation between Alts and $BTC This drop in correlation has started recently (lower part…

Attempts to Deplatform @Bitcoin Account Reveal Private Message With Twitter CEO

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A number of cryptocurrency supporters have been getting riled up lately over the @Bitcoin account on Twitter. Over the last 48 hours, various bitcoin core (BTC) supporters have been reporting the account to Twitter and the platform’s CEO Jack Dorsey. Things escalated when one BTC supporter private messaged Dorsey about getting the @Bitcoin account banned, to which the social media executive replied: “What do you recommend we do with it?” Also read: Darknet Users Allege Wall Street Market Exit Scammed, Possibly Snatching $30M Private Messages Shared on Twitter Spark More…

Everything But Crypto, Or How the ‘Crypto’ Movie Does Not Live Up to Its Name

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Edward Zuckerman is a journalist and an Emmy-winning television writer. The best news for crypto enthusiasts about the movie “Crypto” is that “Crypto” has very little to do with crypto. It is mainly concerned with Russian mafiosi, money laundering and a main character who plods through the heavy plot with the affect of a depressed zombie.   Cryptocurrencies do make three appearances in the movie: 1. It is revealed that a major bank, because (one character explains) such banks are terrified of being made irrelevant by cryptocurrencies, is secretly buying…

Bitcoin Mining Finally Profitable – Does That Prove We’re in a Bull Market?

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Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550. The bitcoin mining operational…

Bitcoin Mining Finally Profitable – Does That Prove We’re in a Bull Market?

boss

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: According to Alex Krüger, an economist and a global markets analyst, the breakeven cost for efficient bitcoin mining operations currently hovers at around $3,550. The bitcoin mining operational…