Category: Analysis

Why Square’s Bitcoin Hiring Spree is Crucial for Crypto Adoption

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Jack Dorsey, the CEO of Square, the $32.7 billion mobile payment giant based in the U.S., revealed that Square would fund three to four developers and a designer to work on the open-source protocol of Bitcoin and the crypto ecosystem. Independent of the core business strategies of Square, the team of developers and a designer will work to contribute to the cryptocurrency ecosystem in a variety of ways, potentially by contributing to the open-source codebase of the Bitcoin network. Join CCN for $9.99 per month and get an ad-free version…

Bitcoin Cash (BCH) Prices Cool Off, Correction to $140 in Progress

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Bitcoin Cash outperforms all assets in the top 10 The ABC team will implement Schnorr signatures in May 2019 Participation levels drop despite BCH registering double-digit gains Schnorr Signatures, it appears, will first call Bitcoin Cash home before implementation at Bitcoin core. Nonetheless, Bitcoin Cash (BCH) is outperforming other assets and up 24 percent from last week’s close. Bitcoin Cash Price Analysis Fundamentals In recent weeks, Bitcoin Cash has been on a roll. With supportive fundamentals such as Digitec and Galaxus, Avnet and Vordex Suisse all offering support, it’s only…

Hold Bitcoin (BTC), Billionaire Recommends Even as Coin Demand Wane

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Bitcoin prices likely to crumble Chinese billionaire recommends hodling Transaction volumes low averaging 6k. Although Bitcoin is on an uptrend, it may correct in days ahead as sellers of Feb 24 flow back pouring cold water on bulls’ effort. All the same and according to Zhao, a Chinese billionaire, Bitcoin holders should hold as much as possible when nobody cares. Bitcoin Price Analysis Fundamentals According to the US SEC, Bitcoin and Ethereum are the two most decentralized platforms. Indeed, as a pioneer and a growing network powered by a global…

Bitcoin, Gold Strongly Correlated in 3-Week High to Spell Stock Market Disaster

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Bitcoin and gold both hit three-week highs on Thursday after a period of highly correlated trading. It comes as the dollar crashes and warning signs flash on the stock market. The correlation strengthens bitcoin’s case as “digital gold” and proves that traders are beginning to treat cryptocurrency like a traditional asset. As the dollar crumbles and whispers of recession grow, bitcoin could spike alongside gold as a hedge against a future bear market in stocks. Bitcoin and Gold Strong Correlation As you can see in the chart below, both bitcoin…

‘Decentralization Is the Essential Foundation of Blockchain’, Exclusive Interview With Cudo Ventures’ Matt Hawkins

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‘Decentralization Is the Essential Foundation of Blockchain’, Exclusive Interview With Cudo Ventures’ Matt Hawkins March 21, 2019 by Paul de Havilland Matt Hawkins is a serial entrepreneur and founder and CEO of Cudo Ventures, a company whose GPU mining software is running on machines in over 130 countries around the world. We sat down with Matt to have a chat about crypto mining, the future of Proof of Work, and his views on the dominance of ASIC mining rigs. Also read: AT&T Hit With $224 Million Crypto Theft Suit Over Alleged…

Bitcoin (BTC) Price And Time: Trend Overwhelmingly Bullish

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Bitcoin price is gaining bullish momentum above the $4,000 resistance area against the US Dollar. The price is trading near monthly highs and it could accelerate above $4,050 and $4,080. There is a key connecting bullish trend line formed with support at $3,985 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current price action indicates a positive uptrend, with chances of gains above $4,100 in the near term. Bitcoin price is trading with a positive bias above $4,000 against the US Dollar. Dips in BTC…

Ripple (XRP) Price Facing Hurdles While Bitcoin, Ethereum Turn North

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Ripple price formed a decent support near the $0.3100 level and moved higher against the US dollar. The price broke the $0.3150 resistance, but upsides remain capped near the $0.3200 level. There was a break above a key bearish trend line with resistance at $0.3145 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair faced a strong resistance near $0.3200 and it corrected towards the $0.3150 support. Ripple price failed to hold gains against the US Dollar, but upsides were limited versus bitcoin. XRP/USD is…

Ethereum (ETH) Disputations, Code Isn’t Law Insists Vlad

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Ethereum prices stable but bullish Code is Law a misnomer insists Vlad Zamfir of Casper Labs Transaction volumes low but poised to expand as prices expand After penning an article critiquing Szabo’s law, Vlad is clearly of the opinion that there ought to be an element of human participation within the Ethereum governance model. Nonetheless, Ethereum (ETH) prices are stable, and after three days of consolidation, it is likely that prices will edge higher with targets at $170. Ethereum Price Analysis Fundamentals Public blockchains are inherently fractious and often factions…

Bitcoin (BTC) Going Mainstream, Accepted By a $4.7 Billion Company

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Bitcoin Price steady, may rally Avnet now accepts Bitcoin via BitPay Participation low but demand picking up By collaborating with BitPay, Avnet now joins the likes of Microsoft and Dell as corporations accepting Bitcoin as payment. Regardless, Bitcoin (BTC) prices are steady and could close above $4,000. Bitcoin Price Analysis Fundamentals Based in Phoenix, Arizona and drawing $17.4 billion in revenue, Avnet—one of the largest electronic component distributors in the US and one of the most capitalized Fortune 500 Company has partnered with BitPay, a Bitcoin and Bitcoin Cash payment…

Bitcoin Price Could Crash by 50% in 2019: Veteran Crypto Traders

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Throughout the past week, the bitcoin price has increased from $3,901 to $4,048, by nearly 4 percent against the U.S. dollar. The relatively strong short-term performance of bitcoin led alternative cryptocurrencies to engage in large upside price movements, allowing the valuation of the crypto market to rise by about $7 billion. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up. The crypto market cap has added around $7 billion in…