Day: July 18, 2020

News.Bitcoin.com Lead Writer Jamie Redman Named One of the Best Crypto Bloggers

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Lead Writer at News.Bitcoin.com, Jamie Redman has made Redeeem.com’s list of twelve influential go-to crypto bloggers. Redeeem says the list comprises names behind some of the most informative crypto news articles. In its citation, Redeeem says Jamie Redman, who is also a crypto meme designer, is one to follow for crypto enthusiasts. Redeeem also lists some of Redman’s best works to date. A decentralized crypto fan, Redman has been in the crypto space since 2011 and has written over 3,300 articles since 2015 with just News.Bitcoin.com alone. Redman believes the…

These 4 Signs Suggest Bitcoin Is on the Verge of a Massive Move Higher

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Bitcoin has continued to flatline for the umpteenth week in a row. As of this article’s writing, the leading cryptocurrency trades just a few basis points below $9,200. Despite the unpredictability of this market, a cryptocurrency trader remains certain that a move higher is likely. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH 4 Signs Show Bitcoin Could Soon See a Move Higher According to a July 17th analysis of the total market capitalization of the crypto market by trader Michaël van de…

Getting Out of Cash Is Key to Wealth and Inflation Protection, Pompliano Says

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During a recent YouTube livestream, Morgan Creek Digital co-founder and crypto expert Anthony Pompliano detailed the current post-COIVD-19 economy, noting the U.S. government’s money printing and spending efforts.    “There is a devaluation of currency,” Pomliano said in his July 18 livestream. “The whole secret to building wealth is to get out of cash and get into assets that are denominated in dollars that will continue to go up in value over long periods of time — stocks, real estate, gold, Bitcoin, all this stuff.” Assets up while the economy…

Bitcoin to See One Final Downtrend Before Bull Run Begins

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Bitcoin’s intense consolidation phase may soon draw to a close, as multiple technical patterns are now suggesting that some massive volatility is imminent. This potential trend-defining movement comes after months of range-bound trading between $9,000 and $10,000. Throughout the past few weeks, this trading range has narrowed to between $9,000 and $9,300, with both buyers and sellers sitting deadlocked as both sides fail to gain control. One analyst is now noting that he is expecting Bitcoin to see one more accumulation cycle that sends its price reeling down towards the…

Buy Signals On Bitcoin and Ethereum Could Bring Sudden End To Sideways Trend

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While the rest of the crypto market has been soaring, Bitcoin and Ethereum have been trending sideways. The tightening price action has led to boredom and record low volatility. But a buy signal on each of these two most dominant crypto assets could lead to a sudden change in trend, and hopefully an end to this trading range. Major Crypto Assets Trend Sideways While Smaller Altcoins Shine The two largest cryptocurrencies by market cap have been the most stagnant of the bunch. Both Bitcoin and Ethereum have more resembled a…

In COVID-19’s Wake, the New Normal Creates Crypto Opportunities

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The COVID-19 pandemic has been a challenge for everyone, but it has created many opportunities for us in the blockchain industry. In most industries, sales vectors are declining, as bankruptcies and layoffs rule the day. But companies in the crypto and blockchain space have been expanding, hiring and applying for new licenses.  The pandemic has caused suffering in this industry, as in others, but the fundamentals of crypto are better than those of traditional financial markets. We will experience some reshuffling, but the crypto and blockchain industry will become stronger…

Twitter Promises Additional Security Measures

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Twitter vows to add more security training and measures as the fallout from Wednesday’s wide-scale hack on the social platform continues.  Twitter said in a statement that it is continuing its investigation into the hack while it looks to provide more company-wide security training against social engineering tactics. This will be in addition to cybersecurity coaching they get during onboarding and ongoing phishing exercises.  About 130 accounts were compromised on Wednesday when hackers took over prominent Twitter accounts in a Bitcoin hoax. Those compromised included Elon Musk, Kanye West,  Bill…

Pomp Says Unemployment Has Risen Faster Than in the Great Depression

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Morgan Creek Digital co-founder Anthony Pompliano, also known as Pomp, jumped on a YouTube livestream on July 18, talking about the current economic state and its future. “In 1929, which was the start of the Great Depression, there was 3.1% unemployment — record low — and that unemployment jumped from 3.1% to over 8.5%, to then over 15% in the next two years,” Pomp said. “What you end up seeing is we have accelerated faster on the unemployment track than even in the Great Depression.” April 2020 saw 14.7% unemployment…

Crucial On-Chain Metric Signals a Bitcoin Bull Run May Be Drawing Near

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As the price of Bitcoin has risen and more individuals have entered the space, an increasing number of BTC has been held in exchange addresses. This trend is likely a byproduct of the arrival of less-technically inclined investors, coupled with the rise of altcoins. Fortunately for bulls, data shows that the aggregate amount of Bitcoin on exchanges has begun to decrease at a rapid clip. This bodes well for the market because a decrease in exchange balances suggests there has also been a decrease in selling pressure. Related Reading: Crypto Tidbits:…

“Have Your Popcorn Ready”: Bitcoin Volatility Is At Extreme Lows

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Shunning Bitcoin’s lack of trend, altcoins have seen extreme volatility over recent weeks. Take the example of Chainlink (LINK), a community-favorite altcoin that is up by around 450% since the March lows. Although it has just recently set a new all-time high, the asset has seen multiple days where it swings back and forth between resistance and support levels. Crucial technical indicators, though, show that Bitcoin may finally see some much-needed volatility. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH Bitcoin Could…