Bitcoin Technical Analysis: Bitcoin Cash Civil War Drives BTC to a 1-Year Low

Holy mackerel! Out of the blue, Bitcoin dropped to a new 12-month low with little notice. Anyone hoping for a Santa Claus rally had better drop to their knees and start the Hail Marys. Market Overview Today Bitcoin (BTC) 00 got nuked. In fact, the entire cryptocurrency market took a direct hit from a 50 […]

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$30M Shanghai-Based Cryptocurrency Trading Fund to Launch in Early 2019

Shanghai-based digital asset management company is reportedly set to launch a new cryptocurrency trading fund in partnership with an unnamed licensed asset manager in Hong Kong. Cryptocurrency Trading Fund: Arbitrage Strategy Point95 Global – a digital asset management firm based in Shanghai, is reportedly planning to set up a new cryptocurrency trading fund in partnership […]

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Cryptocurrency Miners Vanish in Sweden, Leaving Big Electricity Bill

The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives. The companies involved have simply disappeared leaving only unpaid bills in their wake. Above the Arctic Circle, Sweden The most northerly Swedish county, over half of Norrbotten’s area lies within the arctic circle. Cool conditions for mining cryptocurrency, […]

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SWIFT Kicks Out Iran – One Of The 3 Cheapest Countries To Mine Bitcoin

The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to […]

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Which Cryptocurrency Will Ignite the Next Crypto Market Explosion?

The stage seems to be set for a dramatic cryptocurrency price surge, like the one we experienced in 2017. However, Bitcoin, the world’s largest digital currency, might not be the one triggering the explosion this time. What’s Next for the Cryptocurrency Market? This year has been horrendous for the crypto market. Some digital currencies have […]

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France Considers a Flat Capital Gains Tax for Bitcoin

The finance commission in France’s lower house of parliament has reportedly backed plans to decrease taxes on bitcoin sales, putting it on the same level as the standard capital gains tax. 30% Flat Tax on Bitcoin Gains Reuters reports that the finance commission in the lower house of the French parliament has backed plans to […]

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Bitcoin Ownership Hits 9% In UK, YouGov Survey Reveals

Over 90 percent of UK residents have now heard of Bitcoin and up to 9 percent of some demographics own it, an upbeat new survey revealed November 7. 21 Percent See Bitcoin Being As Common As Fiat The findings by market research agency YouGov paint a surprisingly positive picture of consumer attitudes towards the largest […]

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Bitcoin Mining ’50 Times More Useful’ – Barry Silbert Rebuts Energy Cost vs. Gold

Cryptocurrency industry figures continue to hit back at negative stories about Bitcoin mining in mainstream media, Barry Silbert claiming mining Bitcoin was “50 times more useful” than gold. What’s In A Number? In a tweet November 6, the Digital Currency Group founder and CEO rebutted claims over Bitcoin mining which originally surfaced in the Nature […]

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Pro-Bitcoin Congressman Jared Polis is Colorado’s New Governor

U.S. Representative Jared Polis, known for his favorable attitudes towards cryptocurrency and blockchain, will become Colorado’s next governor after defeating Walker Stapleton. U.S. Representative Jared Polis (D-CO), who has made headlines for his pro-cryptocurrency and blockchain stances, has defeated Colorado state Treasurer Walker Stapleton to become the new governor. Governor-elect Polis has become well-known across […]

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Bitcoin Futures Volatility Reaches Lowest-Ever Level

With the continued sideways trading of Bitcoin, the volatility of its futures trading recently reached its lowest level. Presently, the cryptocurrency market, in general, shows more stability than the traditional asset marketplace. Decline Bitcoin Futures Volatility According to Kevin Davitt of Cboe Global Markets, the volatility of Bitcoin (BTC) 00 futures continues to narrow. Commenting […]

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