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Bitcoin (BTC) Bears And The Coil Spring

Bitcoin (BTC) had a steep decline yesterday. During the last hour of trading, it plunged further into the red. This marks the completion of the final wave of capitulation. Bitcoin (BTC) has now begun the day in green. However, all of this happened for a reason. First of all, BTC/USD was trading in a big rising wedge on the 4H chart. It had to break below it at some point. Most news outlets linked the fall to a stock market meltdown, but it had little to do with that. It is possible though that investor (s) with large stakes in...

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Richest Bitcoin Billionaires In China

A recent article published by Forbes shows a list of billionaires in the US which showed Bill Gates of Microsoft in the number 2 spot and Jeff Beroz of Amazon taking the number spotlight on the list. But the list contains people who have a net worth close to $3 billion which made Chris Larsen take the 383rd position with the previous 17 being worth an estimated $2.1 billion including the likes of Jeffrey Lurie, Getty Oils Gordon Getty and so on. The rise in cryptocurrency is evidently making people very rich. Historically wealth existed only in the value of...

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Bitcoin ETF Mover Is A Crucial Advantage

The digital currency ETF is a big part of the debate in a recent Bloomberg interview which had JP Morgan’s Asset Management Head of International ETFs, Bryson Lake on the panel. The interview looked at how JP Morgan believes in the latest mover advantage in terms of the digital currency market and ETFs. In the interview, Lake said: “We certainly do not believe that we have missed the ETF boat by long shot. In our opinion, the last mover advantage is the best. Take the example of Netscape, they launched well before Google but look where they are right now.”...

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Bitcoin Network Comes To A Standstill In China

Ben Kaiser from one of the most impressive universities in America, Princeton University and Alex Ledger from Florida International University have written a paper together on what China is impacting Bitcoin. The paper, titled ‘The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin’ describes all the multiple different ways that China could be manipulating Bitcoin. One of the most interesting parts of this paper is the ‘Great Firewall of China’ which observes all the internet traffic across the country with filters. Even if you take out the attack from China, the latency that Firewall has impacts the...

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Positive Future For Bitcoin In Gambling

The world of digital currencies and the world of gambling seem to be joining up. The benefits offered by currencies such as the market leader, Bitcoin isn’t an oversight. Winning Poker Network is one of the companies that is benefitting from supporting from the world of crypto over the past few years. There are several online betting websites that accept cryptocurrency such as Bitcoin, this is usually done through an effort to complement existing options. Providing consumers with more options to gamble seems to have paid off. Winning Poker Payments doesn’t seem to be regretting its decision to accept digital...

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