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Tag Archives: bitcoin

Bitcoin News Roundup – 24 Jan. 2016

Recapping the week’s biggest Bitcoins stories from around the web. Moscow is hosting the next bitcoin conference in April. As Gola Yashu of NewsBtc reports, Russia, the least bitcoin-friendly country will host the next bitcoin conference, which will be organized by Smile-Expo. The event focuses on discussions about the use of bitcoin and the blockchain technology in Russia with the ... Read More »

Bitcoin Playing An Increased Role In Crime, Europol Says

After the joint law enforcement operation of law enforcement authorities of Austria, Bosnia and Herzegovina, Germany, and the United Kingdom started chasing the hacker group DD4BC (Distributed Denial of Service – DDoS – for Bitcoin), the Europol stated that Bitcoin is playing an ”increasing role in all criminal activities”. The UK Metropolitan Police Cyber Crime Unit (MPCCU) found the key ... Read More »

Bitcoin Price Analysis 20-Jan-2016

This week, the price of bitcoin fell 18%, weighed down by negative sentiments on systemic risk – blocksize fork debate. Price fell off a cliff at $431 on January 15, 1am UTC + 3, in a series of dumps all the way down to a low $352 in 24 hours. December 3 was the last time price was here, and ... Read More »

Dutch Police Arrest 10 men Suspected of Using Bitcoin to Launder Money

Accoring to the dutch police Ten men suspected of using the digital currency Bitcoin to launder up to 20 million euros ($22 million) of criminal money made from online drug deals have been arrested in the Netherlands, Dutch prosecutors said on Wednesday. The men, described as all in their 20s and with Dutch nationality, were arrested on Tuesday in coordinated ... Read More »

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 »