Archive for September 2019

All’s well that end’s well. The US stock market seemed to have followed the message in spirit as it started the week and ended the month today on a ‘green note’. And speaking of green, greenback, the US dollar hit its highest level since 2017. Bitcoin 00 markets haven’t stayed behind either as BTC rose…

Litecoin has recently broken out of a descending channel on the Bitcoin pair and looks poised for a bullish reversal as Bitcoin continues to create lower lows. Traders speculate Bitcoins decline could fuel a Litecoin pump over the coming days. Litecoin 1-Hour Price Analysis On the 1 hour chart for LTC/BTC we can see a…

A sobering thought for those bemoaning losses from last week’s bitcoin price drop. You could have bought bitcoin in 2013 at $13 and still lost money… and lots of it. Such is the importance of the ‘rule of ten best days’, which states that, ‘excluding the ten best days each year, BTC has fallen 25%…

Coinbase, Circle, Bittrex, Kraken, along with other major U.S. crypto exchanges and custody platforms have formed an independent rating platform for crypto tokens. Maker and Polymath are Most Likely Securities, Says CRC Dubbed the Crypto Ratings Council (CRC), the body reportedly evaluates cryptocurrencies to see if they classify as securities. According to its maiden ratings…

Ben Askren is an American Olympic wrestler who’s also a professional martial artist. Rather more interestingly, he’s a well-known Bitcoin bull. And on Sep 28, he ran a poll on Twitter posing an interesting question. The Ben Askren Twitter Poll Askren asked his followers if they were given $10,000 that they weren’t allowed to touch…

The acquisition of South Korean bitcoin exchange Bithumb by BK Consortium has been scrapped. Bithumb Sale Hits Rocks Over Missed Payment Deadlines South Korean media outlet Hanguk Kyungjae says the proposed acquisition of Bithumb by BK Consortium may no longer go through. Reports indicate that the Singaporean entity led by a plastic surgeon and crypto…

The highly anticipated launch of Bakkt’s physically-backed bitcoin futures has been disappointing, to say the least, posting only $5.8M of BTC trading volume in the first week. Many people in the community saw Bakkt as the catalyst to get institutional investors to enter the market. But so far, it doesn’t seem like institutions are interested.…