The Passing of Cypherpunk Tim May Is a Stark Reminder of Bitcoin’s Grassroots

On December 15, 2018, one of the co-founders of the Cypherpunk movement and prominent computer scientist Timothy C. May passed away at the age of 67. Among numerous other achievements, May was primarily responsible for shaping the conversation around the economic and legal freedoms implied by modern cryptography. The famous Cypherpunk mailing list in which these ideas were discussed, included contributions from Julian Assange, Nick Szabo, David Chaum, Adam Back, Hal Finney, Wei Dai, and countless other individuals. Now, after ten years of Bitcoin, 26 years since The Crypto Anarchist…

Bitcoin Price Looks North After Passing $6.4K Resistance

Bitcoin (BTC) is teasing a decent bullish move, having cleared crucial resistance a few hours ago. The leading cryptocurrency moved past $6,400 earlier today, signaling that bearish exhaustion – as indicated by Tuesday’s spinning bottom candle – is paving way for a corrective rally. Notably, the positive price action was preceded by a solid defense of the long-term trendline connecting the June low and Aug. 11 low and an upside break of the symmetrical triangle. As a result, the stage looks set for an upside move. However, caution is still…