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Tag Archives: bitcoin

How Bitcoin Could Revolutionize the Payments Landscape in Africa

Some years ago, the electronic currency Bitcoin was only interesting for technology geeks. However, that has changed and Bitcoin has become more attractive for a wide range of investors. Especially in Africa, the electronic currency is getting attention. The poorest continent on earth is not the easiest place to transfer money electronically. Credit card penetration is low and there is ... Read More »

Bitcoin News Roundup – 17 Jan. 2016

Recapping the week’s biggest Bitcoins stories from around the web. Class action lawsuit filed against Cryptsy. As Jamie Redman of News Bitcoin writes, the digital currency exchange has been under inspection following the complaints of many users who faced withdrawal issues when trying to collect their bitcoins. Cryptsy originally reported a severe denial of the server (DDoS), on November 22, ... Read More »

Bitcoin Price Analysis 13 January 2016

This week bitcoin broke up to upside, contrary to my forecast from last week. The virtual currency moved up +6%, topping off at $466 while global fiat financial markets suffered under turbulence. Painting the Tape Perhaps it was the Chinese propping up price, fleeing stocks, devaluation and capital controls. In markets, bear moves have been known to fail in bull ... Read More »

Bitcoin News Roundup – 10 Jan2016

Recapping the week’s biggest Bitcoins stories from around the web. Germany seeks to control cryptocurrency transactions. As Lana Smiley of Coin Telegraph reports, following the Munich terror alert, the Christian Social Union (CSU) presented a document with potential solutions to combat terrorism. The document referred to controlling transactions involving the digital currency as a means to prevent terrorism financing. Given ... Read More »

Bitcoin price Analysis 6 January 2016

These last 2 weeks of bitcoin have been a contracting triangle pattern – flat top with a rising bottom (an ascending triangle wave pattern). Price bounced at a support at $ 406, and it has been grinding sideways since December 27th. It is part of a larger bearish drop from $ 464. I expect sideways action to break out to ... Read More »

Bitcoin Price Analysis 2nd January 2016

This week, bitcoin price was down from a high of $ 467 in last week’s analysis. The bear drop from a peak at $ 476 over Christmas, is part of a weak reversal from $ 300 that a failed to recapture $ 500 highs. This week’s drop exhibits patterns of consolidation and sideways action, before a break out. As of ... Read More »

Bitcoin Price Analysis Dec. 24

Over the past 2 weeks, bitcoin price went up from a low retracement bottom at $ 346, going up to $ 467, attempting to touch last month’s $ 504 high. This rise up has been anything but momentous, especially compared to the run up to $ 502. Low volumes have accompanied this rise up. At current price levels, the trend ... Read More »

Bitcoin News Roundup – 20 Dec. 2015

Recapping the week’s biggest Bitcoins stories from around the web. IBM, Wells Fargo and LSE are enticed by the blockchain. As Matthew Leising and Jing Cao of Bloomberg report, finance and technology leaders are backing the blockchain as a means to simplify the recorded transactions. The innovative group works closely with the Linux Foundation, aiming to create a public block-based ... Read More »

Bitcoin News Roundup – 13 Dec. 2015

Recapping the week’s biggest Bitcoins stories from around the web.  Microsoft reveals intention to integrate Ripple for Ethereum expansion. As Samburaj Das of CryptoCoins News writes, following its October decision to offer its customers a blockchain-based solution, the multinational technology company is now considering the integration of Ripple in its cloud platform Azure to enhance the offering. Currently, Microsoft enables ... Read More »

Bitcoin Price Analysis: December 9

At the time of writing this, the price of bitcoin just broke out of the $380 – $ 390 resistance zone that has been pushing back on it this week. At $ 420 now, it is not a foregone conclusion that it has convincingly broken this level. From recent events, spike to $ 504 some weeks ago, it is not ... Read More »

Police Raid After Bitcoin ‘Creator’ Revealed

Hours after Wired & Gizmodo magazines claimed bitcoin was created by an “unknown Australian genius” called Craig Wright, his home is raided. Police have raided the Sydney home of a man named as the likely creator of cryptocurrency bitcoin, according to the Reuters news agency. Bitcoin’s code was released in 2009 under the pseudonym of Satoshi Nakamoto, and journalists and ... Read More »

Bitcoin News Roundup – 6 Dec. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Goldman Sachs files security settlement patent application for cryptocurrencies. As Jennifer Hughes of The Financial Times reports, the leading New York-based multinational investment bank has filed SETL Coin patent application with the U.S. Patent & Trade Mark office in a move that highlights the bank’s belief that the blockchain technology ... Read More »

Bitcoin News Roundup – 28 Nov. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Brave New Coin (BNC) launches the first blockchain-backed index for financial markets. According to Finextra, the New Zealand-based Data & Research company has joined forces with Smartbit, a Melbourne-based company that develops blockchain-related digital currency tools, for the development of the BNC Bitcoin Liquid Index (BNC-BLX). The innovative partnership is ... Read More »

Bitcoin Price Analysis – 25 Novemebr 2015

Since the 1 year high at $504 on November 4, price has been on a decline, surprising many who expecting an aggressive bull run, however. Corrections are part of market cycles, and necessary, like the current price action. The past 3 weeks have been a correction of the parabolic move up from $ 240. (3)(4) was a flat sideways level ... Read More »

Bitcoin News Roundup – 22 Nov. 2015

Recapping the week’s biggest Bitcoins stories from around the web. EU crisis meeting to control the virtual currencies in the aftermath of Paris attacks. As Samburaj Das of CryptoCoins News writes, EU Justice and Interior Affairs Ministers have organized a crisis meeting in direct response to Paris terror attacks last Friday. The emergency meeting was held in Brussels on Friday, ... Read More »