Category Archives: Bitcoin News

Technical Analysis – Buy when there is blood in the streets

After a strong rally peaking at $8500 during the month of July, Bitcoin fell over 30% to a low of $6250 on Tuesday this week. As brutal as this sell-off was for Bitcoin, major altcoins were punished even more severely over the same period. Approximate return from 24 Jul – 14 Aug for major Alts: Bitcoin Ethereum Bitcoin Cash XRP

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Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’

Today, PayPal CEO Bill Harris debuted on CNBC’s Fast Money where he provided a no holds barred lambast of bitcoin and other cryptocurrencies. Bitcoin is a “Cult” The world hasn’t heard much from Bill Harris since April 24th, when his inflammatory claims of Bitcoin 00 being “the greatest scam in history” and “a colossal pump-and-dump scheme, the likes of which

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Crypto Experts Say Bitcoin Will be Much Stronger This Time Around

The cryptocurrency market has been largely bearish this year, with Bitcoin having fallen below $6,000 in June. However, cryptocurrency experts who have been observing the market and considering factors other than just speculation, they feel that is a healthy correction of the market, and that the future of the market, driven by adoption, is bright. Willy Woo Still Bullish on

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Today’s biggest losers – the cryptocurrencies which shed the most value

The house of cards collapsed overnight. If you woke up with a sinking feeling in your stomach today, you’re likely not alone – with cryptocurrency markets enduring yet another bloodbath in a year that’s been a feast for bears, both pre-eminent and lesser-known altcoins shed value to touch new 2018 lows. Amongst the biggest losers, several cryptocurrencies lost more than

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Volumes Surge on Turkey’s Crypto Exchanges as Lira Tanks

Volumes Surge on Turkey’s Crypto Exchanges as Lira Tanks Trading volume on Turkey’s cryptocurrency exchanges surged Friday as the country’s fiat currency plunged to record lows on economic jitters. According to CoinMarketCap, volume at Turkish exchanges Paribu, Btcturk and Koinim jumped over the past 24 hours by more than 100 percent each. Absolute volumes are still relatively small at these… The post Volumes Surge on

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Fundstrat CEO Tom Lee claims that Bitcoin dominance will improve the market

News of positive forward trajectory in cryptocurrency has been hitting the cryptocommunity recently, such as the rumor of Bitcoin’s Exchange Traded Fund (ETF) that has been milling and the US Securities and Exchange (SEC) classifying Bitcoin as a commodity. Despite this, though, Bitcoin, and other cryptocurrencies are being knocked backward in severe price dips which are smashing the cryptocurrency market. This iframe

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US Software Giant Intuit Awarded Patent for Processing Bitcoin Payments via SMS

US Software Giant Intuit Awarded Patent for Processing Bitcoin Payments via SMS U.S. software company Intuit has been awarded a patent for processing Bitcoin (BTC) payments via text message (SMS), according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 7. The patent, which outlines a system through which users can transfer BTC funds via… The post US Software Giant

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DEA Agent: Speculators Are Using Bitcoin More Than Criminals

DEA Agent: Speculators Are Using Bitcoin More Than Criminals Criminals were behind roughly 90 percent of all bitcoin transactions five years ago – a figure that has now declined to 10 percent. That’s according to Lilita Infante, a special agent from the U.S. Drug Enforcement Administration who spoke to Bloomberg about changing trends in the relationship between the… The post DEA Agent: Speculators

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Brian Kelly critiques Bitcoin ETF hype, believes other SEC-driven delays are likely

CNBC’s Brian Kelly has previously iterated his belief that Bitcoin could go on to reach new highs, and now the Fast Money contributor and BKCM CEO has emphasized that investors selling their cryptocurrencies in the wake of the US Securities and Exchange Commission’s (SEC) ETF rejections may not be waking the wisest move. Speaking on air, Kelly expressed his belief

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Pantera Capital CEO: Bitcoin Traders “Overreacted” To SEC News

Following the SEC’s recent announcement regarding the VanEck and SolidX ETF, the cryptocurrency industry saw a substantial pullback. However, some industry leaders are confident that Bitcoin will shake off this drop soon enough. Pantera Capital CEO Calls The Market Drawback An “Overreaction” As it stands, the market has established a new year-to-date low, with the collective valuation of all cryptocurrencies

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