Bitcoin Roundup Snippets Vol. 1
These are the top stories covering Bitcoin trends to watch and Bitcoin price alerts, for roundup vol 1 featuring snippets of brief extracts and full source credits.
What is Bitcoin?
Bitcoin is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Bitcoin Price: Gold Breakout Could Jolt BTC Above $12K, Say Analysts
Bitcoin price unfazed by Bitcoin ETF delay
Data from Coin360 showed BTC/USD clinging to support above $11,000 Tuesday, as the fallout of another delay to a Bitcoin ETF hitting the market appeared to impact markets less than ever before.
Bitcoin was down 0.22% at press time, while 7% weekly losses contrasted with the cryptocurrency’s best weekly close of 2019 set over the weekend.
IRS Warnings to Bitcoin Traders Offer Clues to Coming Tax Guidance
As U.S. cryptocurrency users eagerly await tax guidance from the Internal Revenue Service (IRS), they can find hints of what may come in the agency’s recent warning letters.
The tax collector said earlier this year that its first guidance on crypto since 2014 is coming, but it’s not clear what information will be provided or when it will be published. (IRS Commissioner Charles Rettig said at the end of May that guidance could come “within the next 30 days,” but that loose deadline passed.)
Is Bitcoin Entering The Slope Of Enlightenment?
The Greater Fool Theory states that it is possible to make money by buying securities, whether or not they are overvalued, by selling them for a profit at a later date. This is because there will always be someone (i.e. a bigger or greater fool) who is willing to pay a higher price.
But what happens when there is no “greater fool”, and all that is left are sellers?
You guessed it, a crash.
Bitcoin Sees 4% Premium in Argentina as Peso Plummets 30%
Data from local cryptocurrency exchange Buenbit put Bitcoin trading around $11,750 at press time Aug. 13, compared to around $11,330 on major global exchanges.
When a shock defeat of incumbent president Mauricio Macri in the primary elections sparked the rout in the Argentine peso (ARS) on Monday, the Bitcoin premium was higher, implied BTC/USD passing $12,300 on Buenbit.
60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments
A leading bank technology provider in Latin America is partnering with cryptocurrency exchange Bitex to facilitate cross-border payments over the bitcoin blockchain.
“The integration of Bitex into Bantotal program represents a major step in the breakthrough of blockchain technology in banking,” said Bitex Chief Marketing Officer Manuel Beaudroit.
Bitcoin On The Launch Pad Or The Cliff Edge?
The more efficient a market gets the less useful technical analysis becomes, because market efficiency’s annoying twin is market randomness. The more efficient a market, the more random it becomes and generally long developed markets are very efficient, unlike new ones like Bitcoin. There are many levels of random and it is a fabulous subject to study, but it is not often the traders’ friend.
Current Tether Supply Suggests Bitcoin Price Is Correcting to $20,000
Bitcoin price charting on a longer timeframe, market structure and the issuance of 1 billion Tether so far this year are making crypto and equities analyst FilbFilb incredibly bullish on BTC/USD in the run up to the 2020 halving.
Researchers hacked a Canon DSLR with ransomware demanding Bitcoin
Bitcoin demanding ransomware knows no bounds, and the latest potential victim? DSLR cameras.
A group of security researchers have managed to exploit vulnerabilities in a Canon EOS 80D digital camera to hold its owner’s photos to a Bitcoin ransom, The Inquirer reports.
Trump’s Currency War With China Could Be Bitcoin’s Do-or-Die Moment
n theory, this should be bitcoin’s moment to shine, a chance to prove itself as an uncorrelated asset immune from political risks. Eventually, that result may bear out. But a rocky road lies ahead – for bitcoiners and nocoiners alike.
SEC Delays Decisions on 3 Bitcoin ETF Proposals
The U.S. Securities and Exchange Commission (SEC) delayed making a decision on three bitcoin exchange-traded fund (ETF) proposals Monday.
The ETFs, proposed earlier this year by asset managers Bitwise Asset Management, VanEck/SolidX and Wilshire Phoenix, and filed with exchanges NYSE Arca and Cboe BZX, are all seeking to become the first such investment vehicle based on bitcoin.
US Unveils FedNow, Bitcoin Cash Vs. Coinbase | Coffee and Crypto
In the video, Capozzalo and Zuckerman have a packed agenda.
First, they make sense of the news that the United States Federal Reserve has started developing a 24/7 system for real-time payments — sparking endless questions and comparisons to Bitcoin (BTC) and Ripple’s XRP. Zuckerman says: “I hear the words ‘real-time payment and settlement system’ and I think that can only be done with blockchain.”
A Goldman Sachs Analyst Is Bullish on Bitcoin. But Is Goldman?
In a packet of slides sent to clients yesterday, Goldman Sachs Group Inc. technical analyst Sheba Jafari said that Bitcoin could go up by 23% in the short term, and that later the coin could go even higher. That doesn’t mean the bank is bullish on Bitcoin, though.
The views “are not an ‘official view’ of Goldman Sachs,” cautions a note introducing the 28-page packet of slides titled “The Charts That Matter Next Week.” The bank sends such packets to clients weekly to highlight market trends to watch out for.
Investors Who Lost Big in Poloniex Flash Crash Receive Bitcoin Refunds
According to an official blog posting, Circle’s Poloniex exchange will cover lost funds by covering trading fees back through June 6. Poloniex’s Clam margin trading market experience a flash-crash on May 26. A 2014 airdropped token credited to holders of bitcoin, litecoin and dogecoin, Poloniex allowed margin trading on the coin till a flash crash wiped out 1,800 bitcoins worth $13.5 million at the time.
What Happens To My Bitcoin When I Die? Simplifying Estate Planning Of Digital Assets
The attention and money flowing into digital currencies have never been higher. Bitcoin has seen a resurgence in valuation in 2019 and Facebook continues to explore its own digital currency offering, Libra.
Payments Companies Like Square, Skrill And Circle Now Driving The Bitcoin Revolution
We have seen this before though. Payments companies have followed the way of thinking that banks had when it came to Bitcoin; and to unashamedly quote Mahatma Gandhi, ‘First they ignore you, then they laugh at you, then they fight you, then you win.’
Banks began seeing cryptocurrencies as a non-event, then they decided to laugh at it – Jamie Dimon’s anti-Bitcoin rhetoric springs to mind – then they began fighting it by putting out their own coins – JPM coin – which I think we can all call a win for Bitcoin.
How Bitcoin Is Taking Flight With Norwegian Air
A world away from the business of flight, Norwegian has invested in a cryptocurrency exchange, Norwegian Block Exchange (NBX), which is due to open its virtual doors next month. NBX will make cryptocurrency the most attractive payment channel for Norwegian’s flights – offering discounted fares and blockchain-encoded perks in a bid to hasten what management see as the inevitable decline of the old-world banking system.
Historical Data Shows Bitcoin Price Correction Could Last 5 More Months
While crypto investors and traders are ready for the next bull run to fully commence, Bitcoin price has once again been rejected from highs above $12,000 and is potentially looking at more downside in the coming days.