Bitcoin (BTC) has run into some turbulence over the past 24 hours and is now down around 2.4% after failing to break out substantially above the $ 8,000 level. While it’s difficult to determine where Bitcoin is headed in the short-term, at least two traders at the New York Mercantile Exchange (NYMEX) and CME Group (CME) […]
SludgeFeed
Bullish Indicator? Litecoin (LTC) Leaves Its 200-Day Moving Average in the Dust
Litecoin (LTC) helped kickstart the February crypto rally earlier this month after surging 30% on news that it would be cooperating with Beam (BEAM) to explore the implementation of Mimblewimble… You must be a subscriber to continue reading Members can login here. FREE 7-DAY TRIAL: Receive access to all Premium content. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed […]
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US-China Trade Deal Moving Well, Could Stock Market Rebound in 2019?
The trade war between the United States and China has placed immense pressure on the stock market of both countries since mid-2018. With a new trade agreement in the works, China-U.S. relations are expected to improve in the months to come. U.S. President Donald Trump said on December 29 that a comprehensive trade deal is
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Previously Inactive Whales Are Moving Large Amounts of BTC
Earlier this week, armchair sleuths began pointing out that large amounts of cryptocurrency from long-dormant addresses have been on the move. For instance, one wallet that’s been inactive since its inception in 2013 moved 66,452 BTC — worth around $ 245 million — to an unknown address. Hours later, a few more addresses from the top 20 rich list moved another $ 728 million worth of BTC.
Also read: Eight Historic Bitcoin Transactions
Binance Freezes WEX Accounts Caught Moving Possibly Stolen Funds
Intrigue abounds around the allegedly Singapore-based WEX exchange, whose ownership and activities have both been called into question in recent months. Particularly of interest was the exchange listing a much higher market price for BTC and weirdly overcharging for USDT. CCN previously gave our readers an overly interesting report on the exchange in which writer
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Bitcoin ETF Applicants to SEC: Stop Moving the Goal Posts, Eliminate ICO Double Standard
Earlier this month, representatives from options exchange CBOE, fund provider VanEck, and blockchain startup SolidX met with top Securities and Exchange Commission (SEC) brass, and — unsurprisingly — the group’s pending bitcoin ETF application was at the top of the agenda. Bitcoin Market Reaching Maturity In the meeting, which was held on Oct. 9, VanEck
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Crypto Trading 101: The Moving Average Crossover
Moving average crossovers, one of the simplest traders’ tools, are best suited to trend following and momentum trading.
CoinDesk
An Ethereum ICO Investor is Moving Millions in ETH to Bitfinex
One of the first “ethereum whales” appears to be having second thoughts about the second-largest cryptocurrency’s prospects. One of Ethereum’s First Whales is Funneling Millions to Bitfinex That anonymous investor, who received more than 314,000 ETH from the network’s Genesis block as a result of their investments in the Ethereum initial coin offering (ICO), has
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BitMEX Moving in to the World’s Most Expensive Offices in Hong Kong
Cryptocurrency trading platform BitMex is going all out in its plan for expansion, renting space in the world’s most expensive office building, located in Hong Kong.
Down In The Dumps
If you asked most cryptocurrency investors and enthusiasts today if their investments have put them in the market for an upgrade to their car or home, you probably would not receive a pleasant answer.
After the meteoric rise in the price of Bitcoin 00 from $ 1,900 to nearly $ 20,000 between July and December 2017, many investors both new and experienced entered the markets hoping to buy the dip and strike gold overnight. Almost nine months later and the dreams and aspirations of luxury cars, boats, and luxurious living have been put on standby.
South Korea Moving Towards Cryptocurrency Acceptance
South Korea is continuing to legitimize and embrace cryptocurrency through a careful and considered approach.
‘The regulator isn’t opposed to cryptocurrencies’
On May 19, Bitcoinist reported that Korean regulators had agreed to apply the G20’s set of “unified regulations” in regards to cryptocurrencies. South Korea’s Financial Supervisory Service (FSS) stated at that time:
It’s almost certain that cryptocurrencies will be classified as assets and the main issue will be centered on how to regulate them properly under the unified frame that will be agreed upon between G-20 nations. Given the current stance, this isn’t good, but we will step up efforts to improve things.
Op Ed: Facebook Is Moving Into Blockchain: How Might This Play Out?
Historically, Facebook has done a great job of staying on the cusp of technological advancement through investing heavily in new technologies and smart acquisitions. From WhatsApp to Oculus, the company has used its bulging bank balances to stay one step ahead of consumer trends by snapping up tech and talent. And, after last week’s internal announcement that Facebook would be investing heavily in a new blockchain technology research wing, headed by David Marcus, one of the company’s top execs, leader of its Messenger platform and a former CEO of PayPal, it is quite obvious which new emerging technology the company has its sights set on now.
Here’s Why Blockchain Companies Are Moving Away from ICOs
ICOs have gotten a bad name. And given the fact that we’re constantly hearing about scams and illicit dealings, it isn’t hard to see why. Then there are the well-intentioned ideas that don’t make it to the first line of code, and the omnipresent threat of the SEC hovering like a black cloud.
The ground is starting to shift, and many blockchain companies are moving away from ICOs and toward regulated security token offerings, otherwise known as STOs.
Bitcoin Price Dips Under $11k Despite 50-Day Moving Average Milestone
Bitcoin price is exciting industry and mainstream press sources alike as it moved above the 50-day moving average for the first time since January.
What Bitcoin Bulls Were Waiting For?
Data from Bloomberg since reproduced by social media commentator Armin van Bitcoin shows BTC/USD hit $ 11,454 – a 5.8% daily increase taking the rate above the barometer average price.
Despite the levels being short-lived, enthusiasm was unusually palpable even for Bloomberg, the publication announcing that “Bitcoin bulls may have just got the technical signal they’ve been hoping for.”
Commenting on the development, van Bitcoin similarly implied a bullish upward trend was about to begin.
Lawyers Moving Into the Bitcoin Space
Many law firms are rapidly adapting to the business environment that Bitcoin technology offers. As a result, these law firms, as well as independent lawyers, are increasingly accepting payments in Bitcoin for legal services.
Law Firms Are Adapting to the Crypto Environment
Many law firms are accepting Bitcoin as payment because customers request it. Others are accepting Bitcoin because they fear missing out on the opportunities that the new business environment promises.
As Law.com reports, Carol Van Cleef, a Washington DC lawyer, who for many years has been representing clients involved in cryptocurrency businesses but has not been accepting payments in Bitcoin, clearly conveys this sentiment when she says:
China’s Bitcoin Miners Moving to Avoid Clampdown
There are growing concerns in the People’s Republic about the effect Bitcoin mining has on power consumption. So much so that the government has outlined proposals this week to restrict mining operations. The move has spurred a digital exodus as mining conglomerates seek friendlier lands.
China’s crackdown on cryptocurrencies has widened to miners, according to a Bloomberg report. Officials plan to limit the power consumption to the industry and have asked local governments to guide miners out of the business. The People’s Bank of China (PBOC) intends to enforce local regulators to monitor and restrict the power use of miners, which are often located near hydroelectric power plants.