Day: June 24, 2019

Bitcoin Price’s Meteoric 2019 Isn’t Even a Mainstream Trend Yet

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The bitcoin price carved out a new 2019 high on Sunday, piercing above $11,200. The parabolic rally marks a 250 percent recovery from the lows of October 2018. But this price rally is missing one thing: retail investors. Judging by Google search trends for the phrase “buy bitcoin,” the mainstream is absent from the latest price rise. It’s a sharp contrast to bitcoin’s parabolic bubble in 2017, which was triggered by an influx of the general public. At the height of bitcoin’s 2017 bubble, Google search volume for “buy bitcoin”…

ICE-backed Bakkt Bitcoin Futures Beta-Testing Launches in Less than a Month

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Photo: Shutterstock As we reported earlier, ICE finally announced the launch date for Bakkt’s Bitcoin futures beta-testing. The US fortune 500 company Intercontinental Exchange -ICE, first disclosed it’s involvement with the number one cryptocurrency, Bitcoin in August 2018. Following several months of its Bitcoin derivative trading, venture been subject to regulatory setbacks. However, following recent news update, the company is well on its way to setting its Bitcoin trading platform in motion along with a cryptocurrency payment processing mechanism know as Bakkt Pay. However, it’s not the first case of…

Bitcoin on Track for Best Second Quarter Price Gain on Record

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View Bitcoin’s 165 percent gain so far this quarter is the best second quarter performance on record and the highest quarterly percentage gain since the end of 2017. The stellar gains have bolstered the long-term bullish technical setup. While the relative strength index is reporting overbought conditions, there are no signs of bullish exhaustion on the daily, 3-day or weekly charts. As a result, the outlook remains bullish with resistances lined up at $11,247 and $11,394, according to Bitstamp data. A minor pullback to $10,000 could be seen if the…

Google Searches for ‘Bitcoin’ Starting to Catch Up With $10K Euphoria

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Data from Google Trends’ search analytics resource indicates that internet googling of ‘bitcoin’ (BTC) is approaching a monthly high as of today, June 24. According to the data, searches for bitcoin are continuing their ascent in the week after the unveiling of Facebook’s new cryptocurrency and blockchain-powered financial infrastructure project, Libra, even as searches for Libra itself have tapered off since June 18 — the date the white paper for the forthcoming token was published. Google trends data for search terms ‘bitcoin’ vs. ‘libra.’ As of June 24 2019 As…

How to Find a Bitcoin Cash Meetup Near You

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Cryptocurrency community meetups are a great way to learn about merchant adoption in your local area, talk to like-minded people and just have some fun. Here’s how you can easily find a Bitcoin Cash (BCH) meetup near you. Also Read: Chess.com Lets You Pay for Membership With Bitcoin Cash Local Bitcoin Cash Meetups Available All Over the World On Bitcoin.com’s Events section you’ll find many local bitcoin cash (BCH) meetups available all over the world. You can use the map tool to zoom in on your area to see what…

Key Bitcoin Price Indicator Suggests $21,000 ‘Fair Value’ By End Of 2019

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The bitcoin (BTC) price is unlikely to break $40,000 in 2019, Bitcoin Knowledge podcast host Trace Mayer declared as part of new analysis on June 24. Uploading fresh readings from his price forecasting tool, the ‘Mayer Multiple,’ the serial commentator and bitcoin proponent said that current trajectory should favor an end-of-year bitcoin price of $21,000. This, while below the estimates of other industry figures such as Fundstrat’s Tom Lee, still places the largest cryptocurrency ahead of its record high set in December 2017. The Mayer Multiple is a calculation achieved…

ICO fines telecoms company EE Limited for sending unlawful text messages

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The ICO has fined telecoms company EE Limited £100,000 for sending over 2.5 million direct marketing messages to its customers, without consent. The messages, sent in early 2018, encouraged customers to access and use the ‘My EE’ app to manage their account and also to upgrade their phone; a second batch of messages was sent to customers who had not engaged with the first. During the ICO investigation EE stated the texts were sent as service messages and were therefore not covered by electronic marketing rules. However the ICO found the…

Bitcoin, Ether, and XRP Weekly Market Update June 24, 2019

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The total crypto market cap added $37.7 billion to its value for the last seven days and now stands at $321.6 billion. The top 10 currencies are all in the green for the same time frame with Bitcoin (BTC) and Binance Coin (BNB) being the biggest gainers with 19 percent and 13.4 percent of price increase respectively. At the time of writing bitcoin (BTC) is trading at $10,615 while ether (ETH) stands at $301. Ripple’s XRP is at $0.454. BTC/USD Bitcoin closed the previous week with the stunning 19 percent…

Binance CEO Zhao Slams Firefox as 0-Day Targets Coinbase Employees

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A severe zero-day exploit of popular open-source browser Firefox targeted Coinbase employees with a trojan payload.  By CCN Markets: A vulnerability allowing for remote code execution (unauthorized use) in Firefox was exploited against Coinbase employees this past week. The vulnerability enabled an attacker to crash the browser and execute code, including installing a trojan horse backdoor. It’s unknown how long this bug operated in the wild, but accurate estimates would give it at least two weeks. No Coinbase Users Victimized Here is a scenario where the bug could have affected…

Bitcoin Price Could Hit $12K or Even $16K After Recent Surge

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Bitcoin Price Could Hit $12K or Even $16K After Recent Surge June 24, 2019 by Ramiro Burgos Are happy days here again? Recent surges saw the bitcoin price top $11,000 USD, rewarding anyone who bought into BTC in the second half of 2018 or later. This week’s technical analysis report says optimism may be kicking in again at last — but external factors are always there influencing the math. Read on to find out more. Also read: Bitcoin Price Now Pressing $9K Resistance, Tries to Leave Lateral Market Behind Subscribe to…