Hot Topics

Advertisement

Advertisement

New Improvement on Bitcoins Blockchain Could Cut Transaction Bandwidth by 75%

Two big Bitcoin developers Greg Maxwell and Dr Pieter Wuille have authored a Bitcoin Improvement Proposal (BIP). The proposal involves the development of a relay protocol that would essentially reduce the ‘transaction bandwidth’ size used by the Bitcoin network. The BIP referred to as Erlay has also been developed with contribution from Gleb Naumenko, a researcher at the University of British Columbia. Specifications for the proposal say that its activation will lower the amount of bandwidth required to process Bitcoin transactions by around 75 percent. In an email, Naumenko sent to CoinDesk, he explains: “The main idea [behind Erlay] is...

Read More

Why Do People Still Think Bitcoin Will Flop?

Day in day out we hear people talking about the end of cryptocurrency led by the demise in Bitcoin. This is always watered down with plenty of experts coming out to talk about Bitcoins eventual $25,000.00 price and often, this leaves us in the middle of a storm that makes it pretty difficult to understand what’s going to happen next. The truth here is that nobody knows, nobody really knows what will happen with Bitcoin or the rest of the cryptocurrencies, though one thing is clear is that Bitcoin probably isn’t going to cease to exist anytime soon, that’s something...

Read More

Sally Ho's Technical Analysis 4 June 2019

Bitcoin Bitcoin (BTC/USD) depreciated sharply early in today’s Asian session, declining to the 7700.00 area after being unable to climb above the 8588.66 area during yesterday’s North American session.  Yesterday’s selloff commenced during the Asian session and BTC/USD quickly weakened from the 8695.21 area during yesterday’s European session. Traders tested the 8338.78 area, representing the 76.4% retracement of the move from 9948.12 to 3128.89, and that level eventually gave way, resulting in Stops being elected below the 100-bar MA (4-hourly). Stops were then triggered below the 8087.05 area late in yesterday’s North American session, representing the 61.8% retracement of the...

Read More

Bitcoin (BTC): Healthy Retracement Or Beginning Of The Next Downtrend?

Bitcoin (BTC) started the week in red by declining sharply from $8,740 to $8,356. It is trading close to $8,500 at the moment but the crash made a lot of analysts start talking about the next big crash or the most anticipated downtrend. While we still expect that crash to happen, we believe this rally still has some room to go before the next big downtrend. The recent crash might have trapped in some more bears that would most likely be hunted down by the whales as they run their stops and push the price above $9,000 in the near...

Read More

Sally Ho's Technical Analysis 3 June 2019

Bitcoin Bitcoin (BTC/USD) reversed course and moved higher early in today’s Asian session, trading as high as the 8760.00 area after trading as low as the 8610.26 area during yesterday’s North American session. Notably, yesterday’s daily high was around the 8834.00 level, just above the 76.4% retracement of the move from 9090.00 to 7972.00. Early in today’s Asian session, buying demand emerged just below the 61.8% retracement of the same range. Technically, the pair needs to establish a base above the 8707.00 area if it is going to sustain some upside gains, representing the 23.6% retracement of the move from...

Read More