America’s largest cryptocurrency exchange Coinbase reportedly made $1 billion in revenue in 2017, overshooting its 2017 revenue forecast of $600 mln by 66 percent, Recode reports, citing “industry sources.” According to Recode, despite the peaked interest of outside investors, the company remains private and does not allow stock to...
It is time take a look at how action in the bitcoin price fared overnight in an attempt to try and figure out if we can use the action we have seen to try and put together a strategy for the European session today. Instead of spending too much time...
Bitcoin Price Key Highlights Bitcoin price continues to trend lower and has barely found support after the previous retest of a broken short-term trend line. Price is still inside its longer-term descending channel and looks ready for another move towards support. Applying the Fib extension tool on the latest correction shows that...
In a newly published paper on the use of bitcoin for illegal activity, researchers from the University of Sydney, the University of Technology Sydney and the Stockholm School of Economics in Riga indicate that a quarter of all bitcoin users are associated with illegal activity. The use of bitcoin for illicit...
With closing in on the end of the day Monday out of Europe and all we can say about the session today is that the bitcoin price and its volatility has not been for the fainthearted. Right now, things are trading in and around $10,500 – down considerably on...
Like many other mainstream economists, Paul Krugman has long-shown a complete disdain for Bitcoin. In late 2013, he went as far as to write a piece titled “Bitcoin Is Evil” for his column in The New York Times. Moral objections to bitcoin are one thing, but Krugman also does not...
Peter Boockvar, the Chief Investment Officer at Bleakley Advisory Group, sees the potential for Bitcoin (BTC) to be around for a long time, but with a significant price drop coming when the Bitcoin bubble bursts, according to CNBC. Boockvar sees a possible 70 to 90 percent price drop for Bitcoin...
We are about to kick things off for a fresh week of trading in the bitcoin price space and expectation that we are in for a relatively volatile week. We saw plenty of volatility last week but, unfortunately, and for the main part was to the downside and the...
Analysts at Deutsche Bank released a note to clients on Friday, Jan. 19 stating that there is a growing correlation between the price of Bitcoin (BTC) and the CBOE Volatility Index (VIX), also known as Wall Street’s “Fear Index.” Masao Muraki, a global financial strategist at Deutsche Bank, along with...
The first ever physical transaction may have been completed on the Lighting Network two days ago, according to Reddit user /u/btc_throwaway1337, who purchased a VPN Router through a payment channel provided by TorGuard. The Lightning Network, designed to scale Bitcoin up for a global user base, functions by opening and recording a...