Day: June 7, 2019

Bitcoin a Good Be if Trade Tension Persists, Admits Wall Street Skeptic

boss

By CCN: The frequently volatile stock market provides rare hideouts for investors but one of them could be bitcoin, according to Mr. Peter Boockvar of Bleakley Advisory Group. The chief investment officer said this week that a sharp rise in bitcoin price indicated that investors were unsure about the Federal Reserve’s stance on interest rate cuts, as well as about the outcome of an ongoing trade war between the US and China that kept buying sentiment weaker in both the Western and Asian stock markets. “I watch bitcoin as a…

Bitcoin Price Loses Bullish Edge as FOMO Rally Runs Outta Steam

boss

By CCN: The Fear of Missing Out (FOMO) that recently drove bitcoin’s price above $9,000 has run out of gas, according to a new report published by crypto analytics firm SFOX. While the BTC price was on a steady incline since the beginning of April when bitcoin traded for $4,100, the coin has hit a ‘tipping point’ in overall sentiment. Bitcoin began to rally in April. | Source: CoinMarketCap Bitcoin Rally Driven by FOMO SFOX relies upon price momentum, market sentiment, and industry advancement for its price outlook. In May,…

Report Insists ‘Bitcoin Was Not Purpose-Built to First Be a Store of Value’

boss

There’s been furious debate over the last few years on whether or not Satoshi created Bitcoin to be a peer-to-peer cash system or a purpose-built store of value. Lately, a few BTC proponents claim that Satoshi deliberately built Bitcoin to be a store of value (SoV). Despite the SoV narrative, the cofounder of OB1, Samuel Patt, wrote an in-depth research report uncovering nearly “everything Satoshi ever wrote,” which makes him firmly believe Satoshi’s invention was really “built for payments.” Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for…

Report Insists ‘Bitcoin Was Not Purpose-Built to First Be a Store of Value’

boss

There’s been furious debate over the last few years on whether or not Satoshi created Bitcoin to be a peer-to-peer cash system or a purpose-built store of value. Lately, a few BTC proponents claim that Satoshi deliberately built Bitcoin to be a store of value (SoV). Despite the SoV narrative, the cofounder of OB1, Samuel Patt, wrote an in-depth research report uncovering nearly “everything Satoshi ever wrote,” which makes him firmly believe Satoshi’s invention was really “built for payments.” Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for…

Jihan Wu’s Bitcoin Trading and Custody Firm to Launch in July

boss

Matrix, the bitcoin trading and custodial platform co-founded by the ex-employees of bitcoin mining heavyweight, Bitmain, including Jihan Wu,  is reportedly set to commence operations within a month and the firm will also offer over-the-counter (OTC) trading, as well as crypto-backed lending service to its clients, according to The Block on June 5, 2019.   Wu to Launch own OTC Desk According to The Block, citing insider sources close to Matrix, a startup masterminded by Jihan Wu, a bitcoin cash (BCH) advocate and ex-CEO of Bitmain, will begin operations before…

Cardano Success Depends on Shelly, ADA Shaky Below 9.5 Cents

boss

ADA down 2.1 percent Shelly TestNet set for June Focus is on Shelly and what it brings to Cardano: Decentralization. Test Net said to be this month. According to commentators, its success could either mean success or failure for IOHK and Charles Hoskinson. At the time of writing, ADA is shaky, falling 2.1 percent from last week’s close. Cardano Price Analysis Fundamentals There is evidence that the crypto space is full of talented developers. Diluting their building efforts are schemers and pump and dump artists. Their artistry can be at…

Bitcoin (BTC) Price Forming Double Bottom: Setting Stage For Rebound

boss

Bitcoin price seems to be forming a strong support base near $7,440 against the US Dollar. The price recovered above $7,700 and it is currently trading near the $7,800 resistance area. There is a major bearish trend line forming with resistance near $7,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely forming a double bottom pattern and it could stage a decent recovery above $8,000. Bitcoin price is showing a lot of positive signs above the $7,500 level against the US Dollar.…

Ripple (XRP) Price Showing Bullish Signs: Look For Break Above $0.44

boss

Ripple price started a decent recovery from the $0.3840 support area against the US dollar. The price traded above the $0.4000 resistance and it is currently showing positive signs. There was a break above a connecting bearish trend line with resistance at $0.4010 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently trading above the $0.4150 resistance and it could continue higher in the near term. Ripple price is showing positive signs against the US Dollar and bitcoin. XRP could continue to climb…

At Least 100 XRP Wallets Alarmingly Exposed at Ripple Service Provider

boss

By CCN: Gatehub Founder and CEO Enej Pungercar wrote a public letter disclosing that the company’s infrastructure had been compromised and at least 100 wallets were likely affected. The letter explains that an exploit was located in the company’s API, which enabled certain wallets to be affected. Users were urged to get their money off of Gatehub and into other XRP wallets while the issue was investigated. Users were urged to move XRP to other wallets. | Source: Twitter Centralized XRP Wallets Compromised Most cryptocurrencies have some form of a…