Bitfinex Swears It’s Trying Super Hard to Block US Bitcoin Traders

Beset with allegations that it is flouting regulations by allowing US bitcoin traders to access its platform, cryptocurrency exchange giant Bitfinex promised that it’s trying super hard to stop that from happening. Bitfinex Admits US Resident Traded on Its Bitcoin Exchange bitcoin exchange bitfinex tether More In an official announcement published on Friday, Bitfinex confirmed a…

Ethereum Price Weekly Forecast: ETH Bulls Facing Uphill Task

ETH price remained supported above the $200 level and recovered slightly support against the US Dollar. The price climbed above $220, but it faced a strong resistance near the $225 level. Earlier, there was a break above a major bearish trend line with resistance near $212 on the 4-hours chart of ETH/USD (data feed via…

Bitcoin craze hits Iran as U.S. sanctions squeeze weak economy – Iran

Iranians feeling the squeeze from U.S. sanctions targeting the Islamic Republic’s ailing economy are increasingly turning to digital currencies such as Bitcoin to make money, prompting alarm in and out of the country. In Iran, some government officials worry that the energy-hungry process of “mining” Bitcoin is abusing Iran’s system of subsidized electricity; in the…

Bitcoin (BTC) Price Weekly Forecast: Risk Of Significant Downside Break

After a short term upside correction, bitcoin price failed to surpass $10,200 against the US Dollar. The price formed a double top near the $10,200 level and declined below the $10,000 support. There is a crucial bearish trend line forming with resistance near $10,350 on the 4-hours chart of the BTC/USD pair (data feed from…

US Moves Closer to Accepting Blockchain, Still Uncertain Over Crypto

Despite concerns expressed by many United States regulators during the recent House Committee on Financial Services’ hearing on Facebook’s proposed digital currency, Libra, an increasing number of U.S. lawmakers are speaking out in favor of developing a permissive regulatory apparatus to prevent stifling innovation in the cryptocurrency sector. Several days prior to the hearing, the…

Five of the Most Important Use Cases for Cryptocurrency

Crypto assets have come a long way since Bitcoin. What started out as a P2P payment system has spawned an array of use cases that extend far beyond the original designation of cryptocurrency. While the primary function of crypto assets such as ETH and BTC is a matter of some debate, what’s indisputable is that…

FED Interest Rate Cut is Rocket Fuel For Bitcoin

The ebb and flow of crypto markets continues into the weekend as another day of gains follows one of losses. Bitcoin crept back over five figures but dumped again an hour or so ago. Industry observers and analysts are of mixed opinion as to its next major move as a FED interest rate cut looms….

Bitcoin Pullback Could Deepen, But Weakening Global Economy Could Bolster BTC

Bitcoin and the aggregated crypto markets have been spiraling downwards after bull’s attempt to bolster the markets yesterday faltered, leading to a continuation of the downwards pressure that BTC and other major cryptos have incurred over the past several weeks. Now, analysts are noting that there is a high probability that Bitcoin’s recent pullback extends…

Bitcoin Faces Weak Technicals, But Bank of China’s Interest in BTC May Be Bullish

Bitcoin (BTC) has been incurring significant selling pressure as of late that has caused significant damage to its technical strength. This selling pressure is coming in spite of some bullish fundamental developments that have occurred as of late, including the state-sponsored Bank of China offering what can be defined as a bullish outlook on Bitcoin….

Here Are Key Factors of the Slip

The bitcoin price has dropped by more than $600 within three minutes from $10,069 to $9,440 on July 27 in an abrupt pullback. Against the U.S. dollar, at its lowest point on the day, the bitcoin price slipped by well over 7.5 percent to $9,333. Factors behind the drop of the bitcoin price Throughout the…