Bitcoins

Can Bitcoin (BTC) Hold $6,000 Support?

Bitcoin (BTC) bears have been in control for far too long these past few months. The bulls appear to have given up without even putting up a fight. This is to be expected in markets like these when fears of a government crackdown, stringent regulations and exchange hacks constantly loom over the horizon. The global economy is in shambles and investors in most markets are running scared. It is natural to expect such deep rooted negative sentiment considering most investors bought Bitcoin (BTC) only because it was going up, on in other words to make money. The number of investors who bought Bitcoin (BTC) out of principle is insignificant comparatively. Investors who did not do their research and bought only because the price was making 5% gains every passing day were quick to sell when thing...

Bitcoin Could Still Reach $100,000, Fast

YouTube connoisseur and author Louis Thomas has recently published a video during which is discusses how Bitcoin could move up to $100,000, faster than we think – https://www.youtube.com/watch?v=5LhDzDtt5sI Before we begin, please remember that this is not investment advice and is of course based upon speculation. Louis Thomas is not a financial advisor and therefore is working on speculation and assumptions. Even so though, speculative ideas can be useful in creating a bigger picture within your investment research. This news can help to inform your own portfolio and thus, is useful to know. So, how can Bitcoin hit $100,000, quickly? Essentially, Thomas believes that we simply just need to get the worlds wealthiest people to shift some of their riches into cryptocurrency. It’s impor...

Bitcoin Will Inspire The Next Gutenberg Moment

Business Insider (Australia) have published an interesting article which asks a number of experts from the blockchain industry if they believe we are about to witness a new ‘Gutenberg Moment’ from the blockchain. You can see the full article for yourself, here- https://www.businessinsider.com.au/we-asked-7-experts-whether-blockchain-is-the-next-gutenberg-moment-heres-what-they-said-2018-6 As the Gutenberg Moment is a key social turning point for any journalist, we want to explore how the blockchain could initiate a second coming of this, therefore, we will take a look at what the experts have told Business Insider and of course, will add our own input to the discussion. Firstly though, in case you’re unaware of the Gutenberg Moment – according to the Stanford Social Innovation Review: “The...

Heavy Downward Momentum Set To Project Markets Through The Weekend, Bitcoin, Ripple And Litecoin Fall

After a slightly positive day yesterday, the markets have reset themselves on a steep negative trajectory once more. Of course, we didn’t see yesterdays progress as a sign of recovery, however we did assume that this positive momentum may have lasted a little longer than just a morning. Now, we are back in a familiar dip, with cryptocurrency prices sliding downwards and once more, no sign of liberation from this ever-tight bear market. Now as we enter the weekend, we can only expect this price slide to continue as depleting value seems to lead the way. Indeed, if the current trend continues, we could very well see some major cryptocurrencies hit new two-monthly lows, a concerning factor considering that this has already happened once this month, a second new-low dip really would help make ...

Gotta HODL ‘Em All – Bitcoin Powers New Pokémon Game

Time to see where are all these Pokemon fans at! I’m releasing Poketoshi! A ‘Twitch plays’ like game, using @lightning network microtransactions.⚡ Visit – https://t.co/uZ2wUNq9Vl It’s also using @OpenNodeCo as underlaying tech to process all the payments 💪 — João Almeida (@joaodealmeida94) June 16, 2018 A brand-new game developed by João Almedia has hit the headlines today as a result of its clever interaction between Bitcoins lightning network and the ever-popular Pokémon franchise. Named ‘Pokétoshi’ Almedia has created a game which allows users to experience a blockchain based platform through the encouragement of micro-transactions on a format that many gamers are familiar with worldwide. The actual experience of the game is very interesting. Essentially, u...

Markets Shoot Up In Time For The Weekend, Bitcoin, Ethereum And Ripple Up

This morning, the markets are starting to look quite healthy indeed. June thus far has been a disappointing month. This is because we hit June with a real optimism, many experts had called for a new bull market which promised to see major cryptocurrency prices skyrocket. We have however seen the total opposite of this, with the markets plunging and, in some cases, hitting new two-monthly lows. As we start to edge closer to July, we are now starting to see some more optimistic movements within the markets, hopefully this current trend really is a sign of things to come. Soon enough, a market recovery could take over, pushing values up into July and setting us up for a very exciting month indeed. For now, bear in mind this is not investment advice. Indeed, the markets look strong at the mome...

Major Banks Dealing In Bitcoin

It was announced last week that two large Russian banks are building cryptocurrency portfolios for their biggest clients. Under the supervision of Bank of Russia, companies are beginning to offer customers and clients shares in a brand new fund that trades in six of the most popular cryptocurrencies available to trade on the market today. According to the article, Sberbank – who process paychecks for governmental employees – will also help in the introduction of cryptocurrency into the financial movements of the major banks, as well as a number of private companies. A representative for the company announced that this move to cryptocurrency would increase the transparency in the bank’s dealings with financial investment, especially when concerning digital investment. Such...

Bitcoin (BTC) Yet To Test $6,000 Before A Likely Reversal

Bitcoin (BTC) price has continued to fall out of triangles since the big fall from $19,783 in January 2018. However, it is fair to mention that the triangles have become less steep over the time and the slope signals a pending reversal in the near future. Having said that, it is important to note that for a reversal to occur Bitcoin (BTC) has to complete the current cycle. That cycle will only be completed when the price falls to $6,000 level and successfully bounces back from there. Most technical as well as fundamental indicators point to a reversal at this stage. The price could drag on to mid $5,000s or slightly lower but in the grand scheme of things, that does not change much. For those that are holding on to their Bitcoin (BTC) or other coins all the way from $19,783, it does not ma...

Bitcoin Price Is Expected To Erupt Soon

Chris Briskey, the owner of a shop in Yakima, Washington, purchased a Bitcoin ATM in April this year. Soon, the ATM began attracting those who purchase, or are interested in purchasing, Bitcoin from all over the state. Briskey calls Bitcoin “digital gold” and sees the potential that this cryptocurrency has to change the way that people interact with money on a large scale. In rural areas, cryptocurrencies such as Bitcoin are seen to be a niche interest, but there are signs that cryptocurrencies and blockchain are beginning to venture away from this niche. Major technology companies are exploring the possibility of using blockchain to record transactions of any item of value, and major banks have been determining whether blockchain can be used in their operations. Perhaps one of...

LA Bitcoin Trader Faces 30 Months In Jail

Cryptocurrency has never been favoured or supported by the mainstream media, but this week’s news that an LA trader is facing jail time for their trading of Bitcoin, one of the biggest worldwide digital currencies, is bringing strange new attention to this new financial frontier. Facing over two years in jail, prosecutors have argued that the Los Angeles-based Bitcoin trader has been illegally operating a money transmitting business, supposedly against California law. The woman in question was making over $300,000 a year by trading Bitcoin on a specialised website from 2014 to 2017 and ultimately made trades worth over $6 million over that short period of time. Dealing in such high numbers consistently brought the attention of Los Angeles law enforcement. Theresa Tetley, a 50-year-ol...

Kenya Has Its First Bitcoin ATM

The first Bitcoin ATM has been installed in Nairobi, making it the first in East Africa, which makes it possible to purchase Bitcoins and Litecoins instantly. The traders can purchase the cryptocurrencies for as little as $5, and they can pay for them in both dollars and Kenya shillings. Speaking of the ATM, Bitcoin entrepreneur Wangechi Kariuki said; “The transaction is simple, taking less than two minutes; You can get as many Bitcoins as the value of your cash.” Although this is the first digital currency ATM that has been installed in East Africa, South Africa installed it’s first four years ago, and has doubled its number since then. This does not come close to the US though, where there are ATM’s installed in more than 2,000 locations. Digital currencies are becoming more popular in K...

Why Australia Wants Some Of Your Bitcoin Gains

Australia is moving towards requesting all cryptocurrency exchanges to report to the Australia Taxation Office, in order for them to collect Capital Gains Tax on all cryptocurrency gains, which essentially means that they will be classified as assets. Liz Russel, who is a senior tax agent at a private Australian online tax return service revealed how the Australian Taxation Office will treat the cryptocurrency gains, so people know what to expect from it. Australia is in the middle of an ongoing debate, regarding the classification of cryptocurrencies. This is the case for a number of countries, as there is no clear way in how they should be classified. Russel has revealed though that the Australian Taxation Office will actually regard them as assets, saying; “There is a long-running debat...