Blog: Bitcoinist.com

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Author Bitcoinist, Cole Petersen, Himadri Saha, Nick Chong, Tony Spilotro, Yashu Gola,
Stats Has published 901 posts about cryptocurrency

Jan 23 2021

Bitcoin Enters Consolidation Phase as Analysts Set Their Sights on This Major Crypto

Jan 23 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some mixed price action as of late, with bulls and bears largely reaching an impasse as the crypto consolidates Following its recent plunge to below $29,000, the crypto has been seeing some sideways trading that has made it incredibly unclear as to where it will trend next One analyst noted that Bitcoin is showing few signs of clear strength or...

Jan 22 2021

Bitcoin Posts Massive Overnight Rebound, But Bulls Aren’t in the Clear Yet

Jan 22 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

It has been a wild past 24 hours for Bitcoin, with the benchmark cryptocurrency seeing one of the most intense selloffs it has seen in quite some time yesterday Following a slow grind lower that had taken place throughout the past few days, BTC eventually saw a capitulatory selloff that sent its price plunging to lows of nearly $28,000 At this point, many...

Lost And Found: Man Recovers Bitcoin From Hard Drive Burned In A Fire

Jan 22 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcust crypto

Bitcoin is once again in the news, the subject of internet chatter, and watercoolor talk. It is for the first time also the darling of Wall Street, beating out every other financial asset under the sun. The media blitz, rising price, and widespread FOMO has those who have lost Bitcoin in the past feeling the sting even harder recently, prompting them to give...

The Market Needs Crypto Cards For Daily Purchases, Not Another Wallet For Coins

Jan 22 2021 Published at Bitcoinist.com under tags  crypto crypto cards interviews

Why there are still much fewer crypto card users than cryptocurrency holders, who need cryptocurrency cards, and what are their benefits, shared СEO of the virtual bank TTM Bank Vladislav...

Bitcoin On-Chain Data Reveals Chinese Mining Pool Behind Its Crash

Jan 22 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

An otherwise decentralized cryptocurrency, Bitcoin, might have become a victim of a centrally orchestrated price dumping attempt. According to data fetched by CryptoQuant, a South Korea-based blockchain analytics firm, Bitcoin miners at Chinese mining firm F2pool started the massive sell-off that crashed the BTC/USD exchange...

Double Spend FUD Crashes Bitcoin Below $30,000; Return of Bear Trend?

Jan 22 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency

Bitcoin crashed below $30,000 on Friday as traders panicked about a technical flaw that allows people to spend the same cryptocurrency unit twice. Google Trends for the keyword "Double Spend"—as the flaw is called—reached a perfect score of 100....

Jan 21 2021

Bitcoin Posts Massive 10% Drop as Altcoins Consolidate; What Analysts are Saying

Jan 21 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some immensely bearish price action throughout the past few days, with sellers gaining full control of its price action This has caused buyers to lose their grip over the market, being unable to spark any continued reversals It does appear that the selling pressure seen throughout the past few days may continue hampering its growth, as BTC is now at...

The New Bitcoin Fork BTCU Showed the World Its Team Led by Eric Ma as CEO and Joined by Two Well-known Advisors

Jan 21 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin fork industry

The Bitcoin Ultimatum (BTCU) team has announced the appointment of a well- known blockchain figure, Eric Ma, to the position of the project's CEO — in the recent past, Ma used to be one of the key employees of Coinmarketcap. BTCU is a new fork of Bitcoin created by the Prof-it Blockchain development team with the support of the leading cryptocurrency exchange Coinsbit. In...

An Overview of Modern Crypto Crowdfunding Mechanisms

Jan 21 2021 Published at Bitcoinist.com under tags  blockchain crypto industry

Since 2013, the primary way new blockchain projects were funded was through a type of crowdfunding system known as an initial coin offering (ICO). In an ICO, early-stage blockchain projects would issue and sell tokens to investors, who usually get first access to these tokens — generally at the best available prices. As the project built out its product, these tokens would often...

Global Macro Investor: The Strong Part of Bitcoin Upmove Hasn’t Even Started Yet

Jan 21 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin has blown away the expectations of almost anyone outside of the most steadfast supporters of the cryptocurrency or believers in the stock-to-flow model. The asset over the last several months has exploded from below $10,000 to over $40,000 at the current high. And although the now $11,000 decline could appear to resemble a longer-term "top," one global macro investor says that the...

Smart Farm Startup Green Labs Finalizes $18 Million Round Led by Hashed

Jan 21 2021 Published at Bitcoinist.com under tags  industry

Green Labs, a Seoul and San Francisco based startup pioneering smart farming using Internet of Things (IoT), has completed its Series B round. The $18 million round was headed by one of South Korea's leading blockchain venture capital firms, Hashed, bringing Green Labs’ fundraising total to $28 million to date. The capital will allow the startup to work...

Bitcoin Eyes $50,000 amid Whale-led Supply Crunch; Here’s Why

Bitcoin could hit $50,000 in the coming sessions as more and more institutions accumulate it against their fears of dollar-linked inflation. The flagship cryptocurrency, whose market capitalization recently soared above that of Facebook and Tesla, dropped lower from its record high near $42,000. Nevertheless, its...

3 Reasons Why Bitcoin Could Retest $40,000 All Over Again

Bitcoin remained under a selling pressure this Thursday as its price fell by another 1.5 percent. The benchmark cryptocurrency touched an intraday low of $34,200, making a higher high after falling below the key $34,000-support level in the previous session. Its plunge majorly appeared due to...

Jan 20 2021

Bitcoin Plunges as Bears Roar, But Here’s Why Analysts Aren’t Too Concerned

Jan 20 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some mixed price action as of late, with bulls attempting to push it higher yesterday before it saw a strong rejection that sent it tumbling lower The crypto is still trading firmly within the trading range that it has been caught within throughout the past several weeks, and not much has changed from a structural perspective Despite the apparent intensity...

Two Penny Stocks Bitcoin Investors Might Want To Follow

Jan 20 2021 Published at Bitcoinist.com under tags  bitcoin industry

Buying bitcoin and other major cryptocurrencies in 2020 has proven to be a winning strategy. But crypto investors looking to diversify their digital currency exposure should consider including stocks that offer exposure to specific companies with ties to cryptocurrencies. Penny stocks with small exposure to cryptocurrencies like Overstock.com (NASDAQ: OSTK) soared during the recent...

Inauguration Day: Past Presidents Taking Office Has Boosted Bitcoin Bull Run

Jan 20 2021 Published at Bitcoinist.com under tags  america biden bitcoin btc btcusd

Bitcoin is struggling to hold onto $35,000 after an epic run, just as a new United States president takes office. And although things might appear suddenly bearish for the cryptocurrency in the short-term, past instances of new presidents taking the oath of office has led to the asset's most bullish impulses yet. Here's a detailed look at what could be next if the...

How DeFi Is Expanding Beyond Ethereum in 2021

Jan 20 2021 Published at Bitcoinist.com under tags  defi ethereum industry

The launch of Ethereum 2.0’s beacon chain marked a significant milestone at the end of 2020. Several years in development and subject to substantial delays, many were skeptical that it would even happen...

Jan 19 2021

Bitcoin is on the Brink of Seeing a Rally to All-Time Highs as It Taps Critical Level

Jan 19 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt xbtusd

Bitcoin has seen some relatively lackluster price action throughout the past few days and weeks, with the crypto’s price being unable to surge as it inches towards its $40k resistance This has come as its smaller counterparts all see massive momentum, with ETH seeing a monumental rally while many smaller altcoins also surge BTC’s lack of intense upside has come about due to...

Economist: Ethereum To Repeat Bitcoin Rally To $20K, According To Metcalfe’s Law

Jan 19 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Ethereum is now the second major cryptocurrency from the last bull run to break its former all-time high. One author and economist, however, claims that this is only the beginning of the top altcoin following in Bitcoin's footsteps, and will soon rally to $20,000 mimicking the epic 2017 bull run. Here's the theory behind the lofty price target more than 10 times the...

Stable +35% Monthly with FBC14 algorithm – Interview with the CEO

Jan 19 2021 Published at Bitcoinist.com under tags  fbc fund industry vectracoin

Today via video call our reporter talked to a person who turned the world of financial analysis upside down. Our website has a unique opportunity to take a look at a short interview with one of the most secretive people of our time, whom many compare to Satoshi Nakamoto – Michael Hill, an Oxford graduate, Master of Economics, and one of the creators...