During the last 30 and 90-day intervals, a number of altcoins have done much better than bitcoin, as far as price percentage increases are concerned. Last Thursday, the popular analyst Peter Brandt told his 360,000 followers that the price of ethereum saw a “significant breakout” against bitcoin. Moreover, a number of cryptocurrency proponents have been feverishly discussing a possible “altcoin season” coming in the near future. Veteran Analyst Peter Brandt Eyes an Ethereum Breakout Three days ago, the veteran trader and crypto analyst Peter Brandt explained that a recent ETH/BTC…
Day: July 13, 2020
Options are making a BIG Call on BTC. Dimitrys Desk ep 70
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Dimitry provides the latest technical analysis on BTC, ETH, EOS as well as price action from around the cryptocurrency market. Dimitry’s background: If you’d like to stay up-to-date on all of Dimitry’s analysis follow him on Twitter @D_Chesnokov or join the Layer1 telegram group at ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Institutional Traders Remain Bearish on Bitcoin; Factors to Consider
Bitcoin’s lackluster trading over the past ten weeks is showing no signs of concluding anytime soon. Although the cryptocurrency has been able to see some volatility within its long-held trading range, it has not been able to develop any clear directionality throughout the past couple of months. The price action seen between $9,000 and $10,000 as of late does seem to favor sellers, however, as BTC has been consistently setting lower highs. This trend can even be seen this morning when the benchmark crypto rallied up to highs of $9,400 before…
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A Critical 30% Bitcoin Breakout Is Weeks Away: Volatility Analysis
As repeated time and time again by analysts, Bitcoin is currently in no man’s land. The cryptocurrency remains above the $8,500 support while below the resistance region at $10,000-10,500. Price has responded in kind, flatlining in the low-$9,000s as neither bulls and bears have managed to establish a trend. Yet a volatility analysis predicts that a massive move in the Bitcoin market is brewing. Related Reading: Once-a-Cycle Bitcoin Bull Signal Just Appeared for the 1st Time Since 2016 Bitcoin Volatility Analysis Suggests An Imminent 30% Move Blockroots co-founder Josh Rager noted…
Why the World Needs a Blockchain Consensus Operating System
The true potential of blockchain to transform the lives of people around the world has clearly not been realized. For all the progress that could have been made so far, the reality is that this powerful technology remains the preserve of a small group of technology and finance enthusiasts. What I find so disappointing about this is the fact that it could be improving people’s lives in so many obvious ways right now if it was being properly directed to the needs of the people. Blockchain technology and smart contracts…
Youtube Helps Scammers Steal $130,000 in Bitcoin From Investors Daily: Report
Scammers raked-in $24 million in bitcoin during the first six months of 2020, according to a new report from crypto monitoring service Whale Alert. Cyber-thieves are finding it very easy to fool people of their bitcoin (BTC} because their schemes have become believably professional and aggressive, it said in a report published July 10. For example, one particularly successful scam made over $130,000 in a day “with nothing more than a one page website, a bitcoin address and a decent amount of Youtube advertising.” Another pocketed more than $1.5 million…
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Coinbase Sold its Blockchain Based Data Analytics Software to the US Secret Service
Cryptocurrency exchange Coinbase has sold its blockchain-based data analytics software to the United States Secret Service. The analytics software was made available to the secret service in a contract worth $183,750 and billed to span through May 9, 2024. Coinbase had earlier intended to sell the analytics software to either the Drug Enforcement Administration (DEA) or the Internal Revenue Service (IRS), a move that sparked a backlash from the crypto community. Through this contract, Coinbase will deal with the secret service which helps drive new frontiers in the blockchain ecosystem.…
Cardano Warns of Youtube Scams Promoting Fake ADA Giveaways
Cardano is warning the public against scams promoting a fake Cardano (ADA) giveaway. In a tweet, Cardano founder Charles Hoskinson said a Youtube account has been using a keynote address he made to promote a fake giveaway. “It has come to my attention that a scam has been floating around using my conference keynote to promote a giveaway https://youtu.be/MqeEhezvI1s this is a scam. Please report it to YouTube. We will take legal action if we can against those responsible.” The price of ADA went up by more than 85% in…