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Posts Tagged ‘BTC’

Bitcoin Price Analysis: BTC Bulls Charge Towards $4,000

Bitcoin price finally broke out of a ten day consolidation above $3,500 this morning, having held the 38.2% retracement level for the majority of last week. We take a look at what this means going into the week.  Bitcoin Price: Weekly Chart The weekly Bitcoin price 00 chart shows that bitcoin bulls defended previous resistance…

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Indonesian Bitcoin Traders Protest BTC Futures Capital Requirements

Bitcoin traders in Indonesia are protesting what they call excessive capital requirements imposed by the government on cryptocurrency futures trading. The aggrieved brokers say the restrictive law is preventing anyone from participating in the market. Stifling the Bitcoin Futures Trading Arena According to The Jakarta Post, the Futures Exchange Supervisory Board (Bappebti) of the Indonesian…

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QuadrigaCX ‘Inadvertently’ Sent BTC to Dead CEO’s Cold Wallet: EY Report

Canadian crypto exchange QuadrigaCX, which owes customers $250 million in CAD ($190 million U.S.) in cryptocurrencies and fiat, just lost another $500,000 CAD by mistake. In an initial report published Tuesday on Quadriga’s progress since it filed for creditor protection in late January, court-appointed monitor Ernst and Young (EY) said that the company accidentally moved more…

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Bitcoin Pioneer: Next BTC Price ‘Act’ Will See $250K

Mark Jeffrey, author of 2013 book, ‘Bitcoin Explained Simply’, remains bullish on the future of bitcoin, despite the current climate. Drawing analogies to a supercharged dot-com boom-and-bust cycle, he predicted future growth to a price of $250,000. Coin Wars We may be currently experiencing crypto-winter, hodling together for warmth, but Mark Jeffery thinks this should…

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SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows

A Bitcoin (BTC) exchange-traded fund (ETF) will most likely ultimately gain approval from the United States securities regulator, according to a commissioner. The comments were reported by political journal Congressional Quarterly in a forthcoming interview leaked on Twitter on Feb. 5. Robert J. Jackson Jr., the Securities and Exchange Commission (SEC)’s only Democratic commissioner, said…

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Bitcoin Hashrate Hits 3-Month High: Is BTC Price Next?

Bitcoin hashrate, the computing power of the network, has hit levels last seen in November 2018. Bitmain-operated hashrate, however, has hit its lowest point in the last 16 months.  Bitcoin Hashpower at a 3-Month High As of yesterday, February 7th, Bitcoin hashrate has hit over 50 quintillion hashes per second according to data from Blockchain.com.…

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‘Bitcoin’ Branded Altcoins Were a Phenomenon of Soaring BTC Price

Bitcoin has been forked to spawn more than 40 Bitcoin-branded altcoins in its history, and many remain completely unknown, new data published this week reveals. Bitcoin Forks Surged At Price All-Time High Compiled by cryptocurrency data analytics firm DataLight and uploaded to social media January 29, the summary sheds light on a host of altcoins…

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Lightning Network Reaches Marathon 600 BTC Capacity

The Lightning Network on Bitcoin passed a fresh milestone this week, taking its overall capacity to over 600 BTC ($2 million) for the first time. 1 Year, $2 Million Data from monitoring resource 1ML.com confirmed the achievement, which occurred early January 30. The previous day proved to be particularly successful for the Bitcoin mainnet Lightning…

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