Archive | March 3, 2018

Bitcoin Price Weekly Analysis – BTC/USD Back in Uptrend

Key Points Bitcoin price started a nice upside move from the $10,100 swing low against the US Dollar. There is a contracting triangle pattern forming with resistance at $11,400 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX). The pair may decline or correct a few points, but it remains supported above […]

Two Indian Token Marketplaces Suspend Trading Due to Regulatory Pressure

Two Indian crypto token marketplaces have announced that they will halt trading from March 5. The platforms state that this is due to regulatory pressure which put their businesses “under a lot of stress.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Two Token Marketplaces Halt Trading Two Indian crypto token marketplaces, Btcxindia […]

Ethereum Price Weekly Analysis – Can ETH/USD Break This Resistance?

Key Highlights ETH price is trading above the $780 support, but with a negative bias against the US Dollar. There is a major bearish trend line forming with resistance at $850 on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair should break the $850 resistance and the 100 simple moving average (4-hour) […]

Bitcoin billionaire? Don’t forget the IRS – Chattanooga Times Free Press

Chattanooga Times Free PressBitcoin billionaire? Don’t forget the IRSChattanooga Times Free PressCryptocurrencies like bitcoin may not be regulated by the government, but they’re still subject to being taxed. The IRS says that cryptocurrency transactions are taxable by law. That means people who made money (or lost it) on bitcoin trades, “mined …and more »

Is the term ‘Decentralized Exchange’ an oxymoron?

There has been a lot of media coverage and chatter in the crypto community over the concept of ‘decentralized’ exchanges. Unfortunately, this type of coverage magnifies the confusion among crypto enthusiasts regarding market structure and price discove…

Bitcoin Cash Price Weekly Analysis – Can BCH/USD Hold This?

Key Points Bitcoin cash price is trading above the $1,120 support with a neutral bias against the US Dollar. There is a key bearish trend line forming with resistance at $1,295 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX). The pair is trading with a neutral bias as long as it […]

Six hundred bitcoin mining computers stolen in Iceland – The Independent

The IndependentSix hundred bitcoin mining computers stolen in IcelandThe IndependentIt is a digital currency that was created in 2009 by a mysterious figure using the alias Satoshi Nakamoto and can be used to buy or sell items. It doesn’t exist in physical form, there is no central bank and a record of each transaction, using […]

Japanese Crypto Exchanges Officially Announce Self-Regulating Body

Cryptocurrency in Japan has proven to be a rather interesting topic. While the government officially legalized this form of money, the country’s exchanges are trying to introduce more regulation in their own way. A group of 16 registered companies will create a self-regulatory body to generate more trust in this industry moving forward. Self-Regulation in the Cryptocurrency World […]

Young South Koreans Invested in Cryptocurrency For Hope, Lost Nearly Half of Their Money

Over the past six months, the vast majority of South Korea’s youth and millennials have invested thousands of dollars in the cryptocurrency market, with hopes to make big returns in the short-term. However, the massive market correction that occurred in January led most of the investments of South Korean millennials to decline by half, especially […]

Tutellus Drops Ethereum in Favor of NEM’s Blockchain

Blockchain-oriented companies are always looking for ways to gain a competitive edge over others. In some cases, that means switching from one blockchain to another. For its part, Tutellus is switching over from Ethereum’s blockchain to NEM’s chain. It’s a remarkable decision, although it remains to be seen if this creates a precedent for other […]