Archive | March, 2018

US Bitcoin Trader Convicted for Illegal Money Transmission and Laundering

The U.S. government has been cracking down on individuals utilizing the peer-to-peer platform Localbitcoins. This week an Arizona resident named Thomas Costanzo was convicted for money laundering tied to over $164,000 worth of cryptocurrency trades. Also Read: Arizona Localbitcoins Trader Detained by U.S. Homeland Security Two Years Worth of BTC Trades Investigated The U.S. Attorneys Office […]

Bitcoin Price Weekly Analysis – BTC/USD Could Decline Further

Key Points Bitcoin price is under a lot of pressure and it recently declined below $7,000 against the US Dollar. There is a crucial bearish trend line forming with resistance at $8,100 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may correct a few points towards $8,000, but it… […]

Ethereum Price Weekly Analysis – ETH/USD Upsides Remain Capped

Key Highlights ETH price is currently recovering, but upsides remain capped by the $460 level against the US Dollar. There is a major bearish trend line forming with resistance at $460 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may correct a few points in the near term, but it will… […]

New York law firm launches crypto litigation tracker

The life-cycle of blockchain startups is fraught with legal uncertainty and their volatility makes them particularly prone to claims for compensation both in and outside of the courts. As this new frontier of investing keeps expanding, litigation monit…

Reddit Has Stopped Accepting Bitcoin Payments – Bitcoinist

BitcoinistReddit Has Stopped Accepting Bitcoin PaymentsBitcoinistThe popular social media platform, Reddit, has stopped accepting Bitcoin for Reddit Gold. The platform had started accepting the decentralized cryptocurrency back in 2013 through a partne…

The Time to Stop Worrying About the Bitcoin Price is Right Now

Being involved in Bitcoin means ignoring short-term changes and discrepancies. Anyone who has followed this cryptocurrency for multiple years knows that unwritten rule all too well. The Bitcoin price is always subject to interpretation and speculation. Even so, the overall trend is still extremely bullish. The Bitcoin Price is Just Fine Many people are spoiled… […]

The Challenges Bitcoin Must Overcome to Become a Global Currency

Bitcoin is a cryptocurrency that has become popular all over the world, but we can’t forget its early days. From the inception of Bitcoin, it’s been more like an experiment in a distributed currency and a target for online hackers. But right now, it has become a multi-billion dollar digital asset which is widely known, thus making […]