Monday, March 18Your Daily Bitcoin & Altcoin News Portal
Goldman Sachs Analysis Shows Bitcoin Price Will Extend Near $4000 After Correction

Goldman Sachs Analysis Shows Bitcoin Price Will Extend Near $4000 After Correction

PRICE ANALYSIS
Although bitcoin price has grown 3x at peak levels this year, better gains are yet to come, according to Goldman Sachs’ chief technician. Bitcoin has been on a historic tear in 2017. After ringing in the year at $1,000 on the very first day of January, bitcoin price reached an all-time high of $3,000 in mid-June. The remarkable rise amid an overall boom period for cryptocurrencies has seen skepticism from some observers who have pointed to inflated values amid accusations of a bubble. Others are looking at more bullish gains. In a note sent to clients, Sheba Jafari – Goldman Sachs’ head of technical strategy predicts bitcoin to climb higher, ultimately getting near $4,000. Jafari, who was persuaded into covering bitcoin by Goldman Sachs’ clients recently, sees the current
CryptoGirl
Exploring New Frontiers

Exploring New Frontiers

THE DOLLAR VIGILANTE
Anarchapulco, held every February in Acapulco, Mexico, is by far the best and truest freedom conference in the world. However, the second best freedom related conference in the world is Freedomfest. And, it’ll be held from July 19-22 at the Paris hotel in Las Vegas. I’ve gone to it and spoken at it nearly every year despite my dislike of going to the fasco-communist US police state. And, I’ll be going again this year. I’ll be giving a speech titled, “The Meek Will Inherit The Earth: The Bloodless Voluntaryist and Ancap EVOLution.” And I’ll be on a panel with my mentor, Doug Casey, as well as Jeffrey Tucker, Lyn Ulbricht and Carla Gericke. The topic will be, “From Walden Pond to the Digital Frontier: Circumventing the State in a Parallel Universe.” I was recently in
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Controversial Bitcoin Scaling Project SegWit2x New Code Released

Controversial Bitcoin Scaling Project SegWit2x New Code Released

BITCOIN, MINING
The controversial scaling proposal, SegWit2x, is progressing with their plans, following their timeline. Jeff Garzik, Bloq co-founder and SegWit2x lead developer, said in an email that the new code is set to release on June 30, 2017. Developers first introduced the SegWit2x in 2015, which has been one of the most controversial scaling proposals. Many Bitcoin network’s enterprises and miners commended the proposal, seeing it as a pragmatic solution to the network’s issues in transaction capacity. Of course, there are still those who derided it as a deal that misunderstands the nature of the cryptocurrency development and its intended design. Despite some opposition, the Bitcoin scaling proposal emerged as unique, bringing together some of the largest contingent companies and mining pool
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Ethereum Price Weekly Analysis: Likely to Continue Moving Lower

Ethereum Price Weekly Analysis: Likely to Continue Moving Lower

PRICE ANALYSIS
Ethereum price is struggling to gain momentum against the US Dollar and Bitcoin, and ETH/USD may now decline back towards the previous support. Key Highlights ETH price continued to face sellers and failed to close above $300 against the US Dollar. There is a crucial bearish trend line forming with current resistance as $288 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to continue moving lower and retest the last swing low of $230 if sellers remain in control.   Ethereum Price Resistance There was a sharp decline in ETH price towards the $200 handle recently against the US Dollar. The price traded as low as $230 where there was a solid buying interest. The price started a recovery and moved sharply higher. It traded above the $250 a
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Bitcoin Price Weekly Analysis: Struggling to Hold $2300 Prime Support Zone

Bitcoin Price Weekly Analysis: Struggling to Hold $2300 Prime Support Zone

PRICE ANALYSIS
Bitcoin price is approaching a major break below $2300 against the US Dollar, and it looks like BTC/USD may continue to struggle below $2400. Key Points Bitcoin price recoveries faced sellers towards $2550 against the US Dollar, and slowly declined lower. There is a major contracting triangle pattern with support at $2300 forming on the 4-hours chart of BTC/USD (data feed from SimpleFX). A break and close below $2300 could ignite further declines towards the $2120 level.   Bitcoin Price Support It was mostly a tough week for Bitcoin price below the $2500 level against the US Dollar. The price attempted recoveries on a couple of occasions above the $2400 and $2500 levels, but failed. There was a downside move initiated below $2500 and the price followed a bearish p
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Janet Yellen Just Said The Most Ridiculous Thing We’ve Heard All Year!

Janet Yellen Just Said The Most Ridiculous Thing We’ve Heard All Year!

THE DOLLAR VIGILANTE
Of all people, the last person you should ever ask about what is going to happen in the economy is a central banker or a Keynesian economist. They are, after all, communists trying to centrally plan the economy. Commies are always clueless about economics. And, their track record of predicting the economic future is almost perfect in that they almost always say “this time things are different” just moments before another crash happens. In September of 1929, Keynesian Yale Economist, Irving Fisher, said, “Stocks have reached a permanently high plateau.” Less than two months later, the most devastating stock market crash in US history occurred along with a 12-year depression. More recently, Ben Bernanke, in 2007, said, “Our assessment is that there's not much indicat
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Japan Bitcoin Tax Exemption Law Goes into Effect Today

Japan Bitcoin Tax Exemption Law Goes into Effect Today

BITCOIN
On Saturday, July 1, the revised consumption tax law went into effect throughout Japan, and bitcoin transactions no longer incur consumption tax of 8%. On the same day, Australia also ended bitcoin double taxation. In an interview Yuzo Kano, CEO of the largest Japanese bitcoin exchange by volume Bitflyer, to find out the real implications of this change in Japan. Bitcoin Exempt from Consumption Tax in Japan The Japanese government has approved the exemption of digital currencies, such as bitcoin, from consumption tax. The “Cabinet Order for Partial Revision of the Order for Enforcement of the Consumption Tax Act” went into effect on July 1. Bitflyer explained: Effective July 1, 2017, virtual currency transactions [purchases / sales] will become exempt from consumption tax. The
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Ethereum Price Technical Analysis: May Move Down Again

Ethereum Price Technical Analysis: May Move Down Again

PRICE ANALYSIS
Ethereum price has started a correction against the US Dollar and Bitcoin, and now ETH/USD may move down and test the 100 SMA or $266. Key Highlights ETH price after moving as high as $317 against the US Dollar found resistance and started a correction. The ETH/USD pair is currently attempting a break below a bullish trend line with support at $284 on the hourly chart (data feed via SimpleFX). There is a chance that the price may move down and test the $266 support zone.   Ethereum Price Support Recently, we saw a rise in ETH price above $300 against the US Dollar. A new weekly high was formed near $317 where sellers emerged and pushed the price lower. It looks like a correction wave is initialized and the price may decline towards $270-260. It is currently below
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Fidelity’s Charity Arm Reveals $9 Million in Bitcoin Donations So Far in 2017

Fidelity’s Charity Arm Reveals $9 Million in Bitcoin Donations So Far in 2017

BITCOIN
In November 2015, Fidelity Charitable, a donor fund connected to Fidelity Investments, started accepting bitcoin donations. The goal was to give donors the chance to monetize bitcoin for grant-making and, in 2016, Fidelity Charitable revealed that a whopping $7 million had been donated in bitcoin throughout the year. Now, in an annual report, the organization revealed that the number has been surpassed, as $9 million were donated in bitcoin in the first six months of 2017. Moreover, Fidelity Charitable donors have already donated a total of “nearly $2 billion” since the start of the year, making 2017 a record-breaking year in the organization’s 26-year history, so far. Pam Norley, Fidelity Charitable’s president, praised donors for meeting people’s needs, whether locally or globa
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Mainstream Institutions and Investors Demand Towards Bitcoin Sector is Escalating

Mainstream Institutions and Investors Demand Towards Bitcoin Sector is Escalating

FINANCE
The demand towards the bitcoin industry is increasing at a rapid rate. Major institutional and billionaire investors are entering the bitcoin sector to fund leading startups such as Coinbase and Blockchain. On June 22, CCN reported that Blockchain raised a $40million funding round from Google’s venture capital firm, Lakestar and billionaire investor Richard Branson. In an interview with CNBC, Blockchain CEO Peter Smith stated that the multi-million dollar funding round will be allocated in the development and scaling of the Blockchain wallet platform that is utilized by nearly 15 million users. According Blockchain data, the wallet platform has added over 7 million users in the past year, recording more users than it did within a 7-year period from 2009 to 2016. To address