Sunday, August 19Your Daily Bitcoin & Altcoin News Portal
Bitcoin Price Watch; Breakout Only Right Now

Bitcoin Price Watch; Breakout Only Right Now

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Price Watch; Breakout Only Right Now So we’ve come to the start of another day in our bitcoin price trading efforts and we’re just about midway through the week in Europe. Things have been pretty interesting this week so far and we’ve seen a bunch of fresh inputs impact price. Last night, we jumped straight into the action so as to avoid missing out on any potential entries and – this morning – we’re going to do exactly the same. Things are moving too fast for us to waste time looking at what happened overnight so, instead, we’re going to get straight into what’s on and what we are looking at right now. As ever, then, take a quick look at the chart below before we get started so as to get an idea where things stand and wh
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Bitcoin Has Gone Mainstream. That’s a Very Big Deal

Bitcoin Has Gone Mainstream. That’s a Very Big Deal

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Has Gone Mainstream. That's a Very Big Deal Michael J. Casey is chairman of CoinDesk's advisory board and a senior advisor of blockchain research at MIT's Digital Currency Initiative. Last week, my eighth-grader came home saying that all the boys at school were talking about bitcoin. Some might describe this vignette, and many others like it from the past few weeks, as a 2017 version of that ominous 1929 moment when shoeshine boys started giving stock tips. But whether or not they signal the bursting of a bubble, these stories also mean something far more important: bitcoin has gone mainstream. I'm not talking about the long-awaited mass adoption point in which a critical mass of users owns, earns and spends bitcoin. We...
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PR: Flux Gaming Platform Announces the Start of Token Sale on December 10 – Bitcoin News

PR: Flux Gaming Platform Announces the Start of Token Sale on December 10 – Bitcoin News

BITCOIN
Please share if you find this article interesting. PR: Flux Gaming Platform Announces the Start of Token Sale on December 10 - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. FLUX announces the open token sale starting December 10th. FLUX is the first real gaming ecosystem based on blockchain technology with the aim to unite all stakeholders of the gaming industry – gamers, community-members, virtual game asset owners, bloggers, developers and investors. The team of FLUX creators includes professionals with deep
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Only Big Broker Offering CME Bitcoin Futures Allows Whales to Short – Bitcoin News

Only Big Broker Offering CME Bitcoin Futures Allows Whales to Short – Bitcoin News

BITCOIN
Please share if you find this article interesting. Only Big Broker Offering CME Bitcoin Futures Allows Whales to Short - Bitcoin News Featured Sunday’s historic opening of Chicago Board Options Exchange (Cboe) bitcoin futures proved almost too much for the legacy market maker. The world’s most popular cryptocurrency, however, remained resilient, and contracts went long, assuming its price would continue to rise, bullish. As its crosstown rival Chicago Mercantile Exchange (CME) readies for its bitcoin futures this coming Monday, the only major broker offering such futures reversed course and is now allowing its monied-clients, whales, to also short bitcoin, an expensive and risky trade for bulls. Also read: Howard Stern and Saturday Night Live Reference Bitcoin as Popularity
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Bitcoin Gold Price Technical Analysis – BTG/USD Holding 100 SMA

Bitcoin Gold Price Technical Analysis – BTG/USD Holding 100 SMA

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin Gold Price Technical Analysis – BTG/USD Holding 100 SMA Key Points Bitcoin gold price is trading with a nice bullish tone above the $240 support against the US Dollar. There is a crucial ascending channel forming with support at $230 on the hourly chart of BTG/USD (data feed from Bitfinex). The price is currently holding the $240 support and placed nicely above the 100 hourly simple moving average. Bitcoin gold price is slowly moving higher towards $300 against the US Dollar. BTG/USD is holding the $240 support and is eyeing more gains. Bitcoin Gold Price Support There was a break above the $280 resistance in bitcoin gold price against the US Dollar. The price traded as high as $295.58 before it started a downside correct
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South Korea Imposes Six Conditions for Crypto Exchanges to Operate – Bitcoin News

South Korea Imposes Six Conditions for Crypto Exchanges to Operate – Bitcoin News

BITCOIN
Please share if you find this article interesting. South Korea Imposes Six Conditions for Crypto Exchanges to Operate - Bitcoin News Economy & Regulation The government of South Korea is preparing a bill which attempts to prohibit all transactions involving cryptocurrencies including bitcoin unless they take place through exchanges that meet six conditions. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions The Proposed Bill The South Korean government is preparing a bill to amend the Act on Regulation of Similar Reception to include provisions for cryptocurrency transactions. “The purpose of this Act is to protect good traders and to establish a sound financial order by regulating Similar Receiving Behaviors,” states Article 1
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USPTO Approves Bank of America’s Cryptocurrency Exchange Patent – Bitcoin News

USPTO Approves Bank of America’s Cryptocurrency Exchange Patent – Bitcoin News

BITCOIN
Please share if you find this article interesting. USPTO Approves Bank of America's Cryptocurrency Exchange Patent - Bitcoin News News During the first week of December, the second largest bank in the U.S., Bank of America (BOA), was awarded a cryptocurrency exchange patent. The BOA cryptocurrency trading platform’s concept summary outlines three types of accounts where users and businesses can swap digital assets instantly. Also Read: Two Days of Cboe’s Bitcoin Futures Show Intense Volume Fluctuations Bank of America Receives Approval for a Cryptocurrency Exchange Patent On December 5 the U.S. Patent and Trademark Office (USPTO) granted the financial institution Bank of America a patent to build a cryptocurrency exchange. The patent’s summary describes three types of accoun
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Ripple Price Technical Analysis – XRP/USD Rockets Above $0.40

Ripple Price Technical Analysis – XRP/USD Rockets Above $0.40

PRICE ANALYSIS
Please share if you find this article interesting. Ripple Price Technical Analysis – XRP/USD Rockets Above $0.40 Key Highlights Ripple price rocketed higher and traded above the $0.40 level against the US Dollar. There is a new connecting bullish trend line forming with support at $0.3200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.3000 handle and eyes more upsides in the near term. Ripple price surged higher against the US Dollar and Bitcoin. XRP/USD broke $0.4000 and is currently positioned nicely in the bullish zone. Ripple Price Bullish Trend There was a nasty upside move in Ripple price above the $0.3000 handle against the US Dollar. The price rocketed higher and broke many resistances such as $0.2450, $0.3000
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Bitcoin Can’t Stop Breaking Things – Bitcoin News

Bitcoin Can’t Stop Breaking Things – Bitcoin News

BITCOIN
Please share if you find this article interesting. Bitcoin Can’t Stop Breaking Things - Bitcoin News News When bitcoin futures trading went live on Sunday night, there were sniggers from the cryptocurrency community after Cboe’s website was instantly knocked offline. “Welcome to bitcoin,” went the refrain. Disruption of service is all part of daily life at several of the web’s largest bitcoin exchanges. In the last 24 hours, Coinbase and Bitfinex have both reported problems, transaction fees have reached record highs, and Ledger has also been overwhelmed. Bitcoin just can’t stop breaking things. Also read: Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin Move Fast and Break Things Amidst breaking new price records, bitcoin has been busy wreaking a trail of
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Ethereum Price Technical Analysis – ETH/USD Upside Drift

Ethereum Price Technical Analysis – ETH/USD Upside Drift

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Price Technical Analysis – ETH/USD Upside Drift Key Highlights ETH price surged above the $640 level recently and traded to a new all-time high at $653 against the US Dollar. A monster connecting trend line with resistance near $650-660 is preventing gains on the hourly chart of ETH/USD (data feed via SimpleFX). On the downside, there is a bullish trend line with support at $580 on the same chart. Ethereum price is super bullish against the US Dollar and Bitcoin. ETH/USD is correcting from $653, but it remains well supported for more upsides. Ethereum Price Uptrend There were heavy gains in ETH price above the $580 level against the US Dollar. The price surged higher and broke many resistances such as $600 and $640 on th