Ok, maybe we should have seen yesterday’s bitcoin price crash coming. Let me rephrase that: I should have seen yesterday’s bitcoin price crash coming. Here’s why: I watched some idiot buy ethereum at $ 5,000 in real-time. So I don’t know why I was so surprised when, just a few hours later, the bitcoin price began […]
Nearly six years after the first Bitcoin ATM was installed in Vancouver, Canada the number of the cryptocurrency-dispensing machines across the world has risen to 5,006, according to Coin ATM Radar. In the last 60 days, an average of just under 6 Bitcoin ATMs were installed per day. Has the US bitcoin ATM market reached saturation point? Unsurprisingly, the U.S. leads in the number of crypto vending machines with over 3200 Bitcoin ATM locations. This is around 64 percent of the world’s total. Canada, which hosted the world’s first ever cryptocurrency dispensing machine, was second with over 680 locations. In
Bitcoin has crossed the $ 5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019. This unfolding price scenario should not immediately be ruled out as a repeat of what happened in 2017. However, as the market reaction seems to be positive so far (given that bitcoin sits at $ 5,214 at the time of this writing), recent developments in the crypto space could be working to make today’s change different from 2017’s movement.
According to Vinny Lingham, the CEO of Civic, the crypto market and Bitcoin could suffer from their bearish trend for at least three to six months. The $ 3,000 support level has been quite strong Lingham said and in the short-term, the $ 3,000 support level will likely be maintained with buy orders being set in the
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The bitcoin price kicked off this week on a depressive note, extending its current bearish bias to another low level. The BTC/USD index fell from 5502-fiat to 4886-fiat on Monday, recording more than 11 percent in losses. The price action bled through crucial support levels that had a history of reversing bearish trends. It confirmed
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A lawyer for early bitcoin adopter Charlie Shrem is biting back at claims that his client stole 5,000 bitcoins from Cameron and Tyler Winklevoss, founders of crypto exchange Gemini and the “first bitcoin billionaires.” In a filing dated Nov. 5, lawyer Brian Klein claims that the 5,000 BTC in question, which the Winklevoss twins allege
The post Lawyer: 5,000 Allegedly Stolen Bitcoins Belonged to ‘Mr. X’ — Not Winklevoss Twins appeared first on CCN
The Winklevoss twins have filed a lawsuit against bitcoin investor Charlie Shrem, alleging that Shrem “stole” 5,000 bitcoins from them in 2012.
According to a recent report released by the New York Times, Charlie Shrem has made several large purchases over the past year, including multiple real estate properties, luxury cars, powerboats and a $ 2 million house.
Cameron and Tyler Winklevoss have since filed a civil suit against Shrem, alleging that these recent purchases were made using bitcoins Shrem stole from the pair in 2012.
Tone Vays, the former Wall Street trader and current controversial crypto figure, has made his first Bitcoin (BTC) trade of the year by taking out a 5x leveraged short position for March 2019 expiry with a price target of $ 5,000. As Promised, my FIRST & PERHAPS ONLY #Bitcoin Trade this Year.Short 1 $ BTCUSD at 5x […]
It is not terribly common for a mainstream economist to say something good about bitcoin in the period of its downtrend, but Mohamad El-Erian once again made an exception. Cryptocurrency’s Not Going Away The Allianz chief economic advisor said in an interview that cryptocurrencies are not dead, though they may be overvalued. He specifically mentioned
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Things are not looking too hot in the world of cryptocurrencies right now. The Bitcoin price is taking another dump out of nowhere. At this rate, its value will start trending toward the $ 6,000 level fairly soon. Some traders remain hopeful things will turn around this year, albeit it seems less and less likely.
Bitcoin Goes off the Rails Again
Having a short-term memory in the cryptocurrency is often asking for trouble. The current Bitcoin price, while not all that impressive by any means, is still vastly higher compared to values noted throughout most of 2017. It took Bitcoin eight and a half years to get to this level. Despite the bull run late last year and in early 2018, unnatural growth cannot be sustained.
Genesis Capital CEO Michael Moro believes that Bitcoin is more likely to hit $ 10,000 than $ 5,000, should the price hold above $ 7,150 for a period. .@michaelmoro of @GenesisTrading says #bitcoin $ 10k is coming soon. Here's why. pic.twitter.com/fdn79pwQ5K — CNBC's Fast Money (@CNBCFastMoney) August 29, 2018 In an interview on CNBC’s Fast Money, Moro asserted that […]
Today, Fundstrat’s Tom Lee has reaffirmed his $ 30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $ 5,000 region before recovering and initiating a 2017-esqe
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Allianz’s chief economic advisor, Mohamed El-Erian, has called bitcoin a buying opportunity — if the market leader falls below $ 5000. Not everyone agrees, however, and the non-believers have come out in force.
‘You Might as Well go to Vegas’
Bitcoin was trading at roughly $ 5,870 when El-Erian told CNBC‘s “Squawk Box” that any price below $ 5,000 is a major buying opportunity — a sentiment surely shared by many others in the cryptocurrency space.
Plenty of non-believers have come out of the woodwork, however, to share their bearish views and negative sentiment — much of which would’ve been better served when cryptocurrencies were at their all-time highs, as opposed to fresh yearly lows.
There is only one question on the mind of cryptocurrency enthusiasts at the moment: Where will Bitcoin go from here? According to one expert trader, the outlook does not look promising this summer.
Cryptocurrency is ‘Vulnerable’
Bitcoin dropped to a new yearly low of roughly $ 5750 before experiencing a rescue bounce of sorts back up to roughly $ 6200. At the time of this writing, Bitcoin is trading at $ 6156 — but Jordan Hiscott, Chief Trader at Ayondo Markets, thinks the worst has yet to come.
Hiscott told Express.co.uk that he expects prices to decline further as the dog days of summer progress, noting:
Bitcoinist spoke with co-founder of ICO Alert, Mike Finch, who shared his insight into the recent ban on Initial Coin Offering (ICO) advertising on Facebook, Twitter and Google social media platforms, how ICOs have been responding, and how it levels the playing field for quality ICOs to receive market attention.
Bitcoinist: How have ICOs been responding to the ban on popular social media platforms?
Mike Finch: There are two ways to look at this, for both ICOs and ICO marketing/consulting agencies. On one hand, it is bad because it decreases the sheer # of avenues for ICOs to advertise and you could argue it hurts the industry.
Green bitcoin mining, using renewable energy to produce the cryptocurrency, is in vague across the world. And while generating hydroelectric power from dams have been more widely reported recently, solar power is gaining ground, as exemplified by 500 IPO entering the space.