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SEC To Host Public Bitcoin Forum

The United States Securities and Exchange Commission (SEC) have announced that they will be holding a public forum in May that focuses on Blockchain technology and Digital Assets such as Cryptocurrencies. The announcement sets a promising precedent that suggests finally, the SEC could be about to fully open their doors to cryptocurrencies, after a public consultation of course. The forum will be held on the 31st of May 2019 and has been set up by the SEC’s strategic hub for innovation, also known as FinHub, a department within the SEC dedicated to exploring Fintech and blockchain technologies. This is the...

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Huge Number Of Bitcoin Exchanges Report Suspicious Trading Volumes

The trading volume of an exchange is often used to rank the exchange by popularity. Indeed, it’s common sense that an exchange with a high trading volume should be deemed popular, it simply means that there’s a lot of people using the exchange at a specific moment in time, though, trading volume can tell us and the exchanges themselves an awful lot more about what might be going on in the markets. This is why we should be concerned that according to some reports, 75% of Bitcoin Exchanges have reported suspicious trading volumes, with further research suggesting that as much...

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Why Ripple (XRP) Is The Best Hedge Against Bitcoin (BTC)

Ripple (XRP) is the best hedge against Bitcoin (BTC) at the moment and this is not the first time this has happened. We have seen Ripple (XRP) rise in the past when Bitcoin (BTC) and the rest of the cryptocurrency market have been on a decline. The reason this has been happening at times is because Ripple (XRP) is out of sync with the rest of the market at times. The exact same thing has happened once again. If we look at the weekly chart for XRP/BTC, we can see that the price is trading inside a major bullish pennant...

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Will You Ever Buy Lunch With Bitcoin?

At first, there was a lot of sceptics when it came to Bitcoin. A lot of people claimed that the digital asset was a ‘fraud’ or just some kind of wacky money for the internet. No matter what you think Bitcoin you can’t deny that it has played thousands of ideological and practical roles. Even so, the single biggest argument in the Bitcoin community is over what day to day purpose the leading cryptocurrency could actually serve. There are some enthusiasts that believe Bitcoin is a kind of ‘digital gold’ that should be held onto as a long-term investment. Then...

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Bitcoin (BTC) Poised For A Big Rally Past $4,000 As Bulls Regain Control

Bitcoin (BTC) is ready to shoot strongly above the $4,000 mark as price faces oversold conditions short term. The 4H chart for BTC/USD shows that the price still has to rally towards the 38.2% Fibonacci retracement level before a potential rejection. If the price does not stop there, we could see it rally all the way towards the 61.8% Fib level to rise above $5,000. The price is also trading in an ascending channel which is part of a major bear flag that will eventually result in BTC/USD falling towards another low in the weeks ahead. As BTC/USD closed last...

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