Crypto VC Firm Seeking $60M Amid Bitcoin Rout: Good Sign?

It goes without saying that 2018’s bear season savaged the broader crypto industry. Investors lost faith, Wall Street seemingly pulled out, and entire startups collapsed as financial pressure mounted, catalyzed by a collapse of the Bitcoin price. Yet, ambitious venture groups continue to seek financiers en-masse, as arguably, bear markets are an optimal time for “buying the dip.” Pro-Bitcoin 1confirmation Seeking $60M For New Crypto Fund On Thursday, the Wall Street Journal’s “Venture Capital” column revealed that San Francisco-headquartered 1confirmation, supposedly one of the first crypto-dedicated venture groups, is looking…

Bitcoin and Ether Market Update: January 18, 2019

The major cryptocurrencies are in green for the last 24 hours as market capitalization still holds above $122 billion at the time of press. BTC/USD Bitcoin closed the January 16 trading session with a little more than a $20 price increase and did not allow further decline below $3,600. The mentioned level now represents a stable support threshold for bulls to hold. The BTC/USD pair increased gains on January 17 and moved north to $3,720. Malta-based crypto exchange Binance will expand to European markets by launching a new crypto-to-fiat platform…

Bitcoin Price Consolidation May Have Weakened Bear Case

Bitcoin’s eight-day stretch of consolidation looks to have weakened the prospects of a drop back to December lows near $3,100. The leading cryptocurrency by market value has been restricted to a narrow range of $3,500 to $3,700 since Jan. 11. That range play is somewhat surprising, as BTC had set the stage for a quick slide toward December lows near $3,100 with a 9 percent drop on Jan. 10 – the biggest single-day decline since Nov. 24. Notably, prices fell to $3,500 that day, erasing the hard-fought gains of the preceding…

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

Massachusetts Institute of Technology. Photo: Oliver Dunkley / Flickr Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge…

Latest Coinme Partnership to Let Consumers Buy Bitcoin at Grocery Shops

Photo: Coinme / Twitter To go to a grocery shop to buy Bitcoin? Quite soon this idea won’t sound too crazy for you. Thanks to the collaboration of Coinme, a venture-backed blockchain financial services company, and Coinstar, a producer of kiosks for selling gift cards, consumers will have a possibility to purchase BTC in selected Coinstar outlets placed in grocery stores. Convenient Option to Enter the Crypto World At the current moment, consumers can buy cryptocurrency at Coinstar kiosks at select Safeway and Albertsons stores located in California, Texas, and…

Russian Duma Official Dismisses Government’s ‘Intention’ to Buy Bitcoin as ‘No Common Sense’

Photo: Patrick Lauke / Flickr Recently, some reports from several crypto media indicated that Russia intended to invest billions of dollars in Bitcoin to cushion itself against the effects of U.S sanctions. All of the reports, without further due (or check-up), cited a senior Russian economist and a lecturer at a national economics institution. However, a Russian government official says that this is very unlikely. Remember, economist Vladislav Ginko, who works at the state-funded Russian Presidential Academy of National Economy and Public Administration, posted to Twitter that he believes Russia…

Bitcoin ATM Firm Coinme to Sell Bitcoin at Coinstar Coin Counting Machines

United States Bitcoin ATM (‘BTM’) operator Coinme has entered a partnership to sell Bitcoin (BTC) at coin counting kiosks owned by Coinstar, the company confirmed in a press release Jan. 17. Coinme, which was the first BTM operator to receive a license in the U.S. in 2014, will reportedly add thousands of locations via the move, which has already seen integrations go live. CEO and cofounder Neil Bergquist commented in the press release: “Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make…

Bitcoin Price Watch: BTC Signaling Decent Comeback Above $3,700

Bitcoin price declined again and tested the $3,550 support area before recovering against the US Dollar. There was a break above a major bearish trend line with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently showing positive signs above the $3,600 support level, with a bullish angle. Bitcoin price broke a key resistance near $3,600 recently against the US Dollar. The current price action is positive, signaling an upside extension above $3,700 in the near term. Bitcoin Price Analysis…

Mining Closures Reveal Recurring Bitcoin Bear Market Trend

Mining Another bitcoin miner this week shut down its operations, though the news didn’t come as much of a shock. The latest closure, of U.S.-based Giga Watt which went bankrupt last year, follows a trend among large mining operations that stretches back years. Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Bankruptcy to Closure After declaring bankruptcy last year, Giga Watt, which launched in 2017, announced in a Telegram message that it would be ceasing all operations. “As was reported in November of 2018, Giga Watt voluntarily…

Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), IOTA Price Analysis

The total crypto market cap broke a major resistance near the $117.00B level. EOS price broke the $2.50 resistance and it may rise towards the $2.62 level. Bitcoin cash price jumped above the $130 level and it might head towards the $135 resistance. Tron (TRX) price is up more than 3% and it seems like it could test $0.0262. IOTA gained more than 6% and it is likely approaching the $0.3250 resistance level. The crypto market is slowing recovery, with positive signs for bitcoin (BTC) and Ethereum. Similarly, BCH, ripple,…