Analyst Predicts Bitcoin Price Rebound Above $10000 by 2019

Todd Gordon, founder of TradingAnalysis.com predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22. Gordon suggested that BTC will drop below $5,000, subsequently hitting $10,000 by the end of the year, citing significant market volatility to be the main reason. When asked to explain his estimates, Gordon cited a “beautiful uptrend,” and called the recent correction down from…

Bitcoin Declines To 4-Month Low Amid Technical Pressure

Bitcoin prices fell to a four-month low below $6,100. Shutterstock The price of Bitcoin fell to its lowest in more than four months today, losing value as it suffered from technical selling. The world’s largest digital currency by market value declined to as little as $6,081.09 on the CoinDesk Bitcoin Price Index (BPI). At this level, Bitcoin was at its least since February 6, and it was down more than 9% in…

Will Bitcoin Blow Up The Internet?

This is not a theory from some apocalyptic wingnut. It’s a recent observation of the Bank for International Settlements, a Switzerland-based central bank for other central banks. If blockchain-based technologies and cryptos are used on a large scale, particularly for processing transactions, the BIS predicts it will overwhelm the current capacity of the net. It’s like flooding a reservoir with so much water that the dam bursts. “The associated communication…

Bitcoin tumbles after Japan watchdog orders exchanges to beef up practices against money laundering

Bitcoin prices fell more than 5 percent on Friday after Japan’s financial regulator ordered several cryptocurrency exchanges to improve their practices against money laundering. div > div.group > p:first-child”> The digital currency traded at $6,349 as of 7:45 a.m. ET, breaking below $6,400 for the first time in about a week, according to CoinDesk. The order from Japan’s Financial Services Agency led bitFlyer — the largest crypto exchange in the…

Bitcoin Eyes Bear Revival After Key Support Breached

Bitcoin’s (BTC) bears may be building for a strong comeback, having pushed prices to a eight-day low below $6,300 earlier on Friday. The price fell to $6,286 on Bitfinex at 09:50 UTC, the lowest level since June 14, and, at press time, was changing hands at $6,326, down around 6 percent over 24 hours. As discussed yesterday, the cryptocurrency’s persistent failure to scale the $6,800 mark in a convincing manner had…

Here's The Conspiracy Tearing Bitcoin Crypto Communities Apart

00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a If you’re an active member of the Bitcoin community on Twitter or Reddit, you’ve probably been thinking about this code for hours, thinking of how it could have possibly gotten into your life. Some examples of flipping out: I learned about this tonight. My brain is exploding slowly and severely. #00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a cc @coinyeezy @mwilcox @desantis @santisiri @yungdeleuze @urbanarson — Zack Voell (@zackvoell) June 21, 2018 #00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a has just dosed…

Bitcoin birthday boy is an absurd star of a serious industry

Jamil Anderlini June 21, 2018 Print this page When the founder or founders of bitcoin decided to use the name Satoshi Nakamoto they virtually guaranteed that Asia, and especially Japan, would be the epicentre of the cryptocurrency craze. Japan has led the world by legitimising the phenomenon through regulation. As a result, there are now more than 3.5m Japanese cryptocurrency traders and the country accounts for about 40 per cent…

Why bitcoin made a comeback after the South Korean exchange hack

Bitcoin made a comeback despite crashing after a recent hack on a South Korean exchange, and two cryptocurrency traders explained why it rebounded. div > div.group > p:first-child”> Charlie Lee, the founder of Litecoin, a global decentralized currency that is based on blockchain technology, said it was to be expected. “Whenever there’s an exchange hack, people get scared and the price drops,” Lee said on “Fast Money” Wednesday. “It happens…

New Yorkers, You Can Now Trade Bitcoin Using Square's Cash App

Square CEO Jack Dorsey (AP Photo/Richard Drew) Cash App, Square’s app for sending cash payments, now allows New York residents to buy and sell Bitcoin after the New York State Department of Financial Services granted the company a “bitlicense” on Monday. Cash App has allowed Bitcoin trading to users in select states since last year, but Square is just the ninth firm to be approved for a bitlicense by the restrictive New York DFS….

Bitcoin is 'not for me' but it's too 'arrogant' to say it won't have a future, Goldman Sachs CEO says

Goldman Sachs CEO Lloyd Blankfein does not own bitcoin, but he did not rule out Tuesday the cryptocurrency having a future. div > div.group > p:first-child”> During a talk at the The Economic Club of New York, the banker struck an optimistic tone on bitcoin. He explained how the world moved from gold to fiat currencies that we have today backed by government. Using that example, he said he could…