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What’s Yet To Come For Bitcoin Before 2020 Part 1

Whereas this year has been an eventful one so far, there’s plenty of important dates left for the leading cryptocurrency to look forward to before the next decade beckons. Bakkt’s Launch On 23rd September, Bakkt will officially launch.  This has been highly anticipated for a long time now but Bakkt has finally received all the regulatory approval necessary to launch its Bitcoin futures platform. The CEO of Bakkt, Kelly Loeffler said on 18th August that the platform is to officially launch on the 23rd of next month.  As reported by CryptoSlate: “While some analysts have predicted that Bakkt will increase...

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Lack Of Technical Knowledge Can Make Bitcoin Riskier

The well-known Bitcoin proponent and author of Mastering Bitcoin, Andreas Antonopoulos had spoken about one of the most important issues that the space has today, secure storage of Bitcoin and other cryptocurrencies during a Q&A session on YouTube, early this year. During the Q&A session, “the author elucidated Trace Mayer’s statement that a user required Bitcoin Core for network validation, Armory for managing the private keys, the Glacier Protocol for standard operating procedures and a Purism laptop for hardware” In addition to this, he also spoke about the gold standard for the storing cryptocurrency, which would apply for non-technical investors...

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Bitcoin (BTC) Bearish Setup Still Remains Intact

Bitcoin (BTC)’s big move to the upside has finally come to an end. The price has faced a strong rejection at the 21 EMA and has now even declined below the 38.2% fib extension level. We did not expect this level to hold because this whole move to the upside was just about shaking out the bears that wanted to ride this move to the downside. The market makers couldn’t let them get away with it which is why they shook out the bears by running their stops and forcing them to close their positions. The price ended up rallying...

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Strengthening Dollar Currency Index (DXY) Spells Trouble For Bitcoin (BTC)

The US Dollar Currency Index (DXY) began an uptrend in 2018 around the same time Bitcoin (BTC) began its downtrend and entered a bear market. Bitcoin (BTC) is predominantly paired to US Dollar (USD) on most exchanges which means that if the US Dollar (USD) keeps gaining strength, Bitcoin (BTC) keeps on declining. This is why Bitcoin (BTC) entered a bear market in the beginning of 2018 and has yet to break out of it. If we look at the weekly chart for the Dollar Currency Index (DXY) it has been consolidating within an ascending triangle since the beginning of...

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Bitcoin White Paper Posted By Craig Wright

Whether you call him a fraud or Satoshi Nakamoto, Craig Wright has taken another step to attempt to prove that he is the inventor of Bitcoin and claim the Satoshi title. Earlier this week, on 22nd August Wright uploaded the Bitcoin white paper to the SSRN, an academic research journal database. “I am Satoshi” When Wright was asked was encouraged him to post the paper today, he told CCN that he has "already publicly admitted I am Satoshi. It is time to own my invention." On SSRN, Wright posted the white paper dubbed "Bitcoin: A Peer-to-Peer Electronic Cash System." Wright...

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