$BTC, $BTCUSD FLASH: Bitcoin (BTC) spiked to its highest marks in nearly 5 months Tuesday, pulling smaller cryptocurrencies up with it, after a major order by a mystery buyer set off computer-driven trading. The original cryptocurrency soared as much as 20% in Asian trading, breaking $5,000 for the 1st time since mid-November. By mid-afternoon, it […]
Bitcoin (BTC) +15% Driving Market Value of Cryptocurrencies Due North $BTCUSD, $ETHUSD Wednesday, all digital currency prices spike due North, with most major coins/token recording double-digital gainers. Bitcoin, BTCUSD, the world’s #1 digital currency, was trading at $4,370.30, up 15% since Tuesday at 5:00p. ET on the Kraken exchange and on track for its best day in […]
Gold Buying by Central Banks Hits Highest Mark in 3 Years $GLD Global demand for gold rose in Q-3 compared to the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, the World Gold Council said on Thursday. Demand totaled 964.3 tonnes, up […]
Pump-and-Dump Schemes in Cryptocurrencies $BTCUSD, $ETHUSD Recently, I have read news stories hinted or provided anonymous accounts of schemes to manipulate cryptocurrency trading through pump-and-dump schemes. A recent report by the WS-J provides the proof. The report provides an inside look at the operations of pump-and-dump schemes. The WS-J states that crypto pump-and-dump schemes accounted for $825-M […]
The Purpose of Cryptocurrency $BTCUSD For many Bitcoin (BTC) is and has always been a mystery. There is no such thing as a Bitcoin “coin”. It is shown as a coin because that’s a useful analogy. It is an Encryption Key, 1 of roughly 21-M answers to an intricate computer puzzle, that can only exist on […]
Bitcoin (BTCUSD) Drifting at Break-even Marks on SEC Comments $BTCUSD, $CME, $CBOE Tuesday, most digital currency prices traded back near the breakeven marks reached after the Securities and Exchange Commission (SEC) last week declared that Bitcoin and Ether (ETH) do not warrant the regulatory scrutiny that traditional securities are subjected to. The SEC stance was […]
US Made No Concessions to NKorea Tuesday, US Vice President Mike Pence said no concessions have been given or offered to NKorea in the run-up to a June Summit between the President Trump and President Kim Jong Un. VP Pence said in a radio interview that the US remains open to the Smmit between Presidents Trump […]
Crypto’s Latest, Heinz’s (NYSE:KHC) Bacon Coin $KHC, $BRK.A Oscar Mayer, the famous bacon brand has created a new cryptocurrency called bacoin. The company made the announcement on 30 April, introducing the new coin. Warren Buffett has said cryptocurrencies such as Bitcoin will come to a “bad ending.” He probably was not referring to Bacoin. Kraft Heinz […]
Some say, “Ethereum (ETH) could hit $2,500 by year end” $ETHUSD The Big Q: Is Ether setup for a rally this year? Independent consultancy firm, deVere Group, said the price of the 2nd largest digital currency, Ether could be in for a record-setting year, predicting the price could rise 4X yet this year. “The price of […]
The Week in Cryptocurrencies $BTCUSD Cryptocurrencies are rising after a full Quarter of basing, as a group they roses on the week, as Tax Day in the US passed. Bitcoin the largest digital currency by market cap, is at its highest marke since late March. Currently, Bitcoin is trading at: $8,800.0146, -130.091, or -1.46%, at 8:57p […]
Decoding ICOs, What They Mean Here are some details relevant to the growing popularity of ICOs (initial coin offerings) It seems that we are living in a global news cycle dominated by stories revolving around blockchain and cryptocurrency, and the GCC region is no different. Dubai has announced plans towards becoming the 1st blockchain-powered government in […]
Coins, Tokens are Changing the Nature of Early Stage and Goal Fundraising ICOs (Initial coin offerings) are also called TGEs (token generation events), and they are changing the nature of early stage fundraising, and they have the potential to alter the mainstream investment ecosystem itself. Through ICOs, start-ups can raise capital by issuing crypto tokens […]
Goldie Sees Bitcoin Falling Below February Lows $BTCUSD Bitcoin, the world’s largest cryptocurrency by market capitalization, continues its volatile run as it again falls below its $10,000 price 1st reached at the end of Y 2017. Despite its more than 50% loss since highs reached in mid December, the digital coin is still up about 650% over the […]
More Bitcoin ‘Forking’ Coming $BTCUSD The Big Q: What is a Bitcoin ‘fork? The Big A: Fork is a type of spinoff in which developers clone Bitcoin’s software, release it with a new name, a new coin and possibly a few new features. Often, the idea is to capitalize on the public’s familiarity with Bitcoin […]
Goldman Sachs’ CEO, “We Cannot Dismiss Bitcoin” $BTCUSD, $GS, $JPM, $CME, $GBTC, $AMZN Goldman Sach’s CEO Lloyd Blankfein is keeping his ‘powder dry’ on Bitcoin the fast moving #1 cryptocurrency. The Goldman Sachs Group Inc. (NYSE:GS) Chief says he is not willing to reject the digital currency just yet and does not hold any investments in […]
Bitcoin Marks Another Record High, Topping $6000 Each $BTCUSD The most widely used digital currency will now cost you about $6,092.71 apiece after blowing past the $5,000 and $6,000 for the 1st time earlier this month. Bitcoin’s total value is just over $100-B, meaning it makes up more than 50% of the overall cryptocurrency market. […]
ICO Investors to “Get Wiped Out in Crypto ‘Mania’” Hedge fund manager Kyle Bass comments on the raging battle over the viability of the cryptocurrency market. Mr. Bass called many of the dozens of ICO’s (initial coin offerings) that have taken place this year “frauds,” the Hayman Capital Management founder warned in a TV interview […]
ICOs ALERT: SEC CYBER UNIT and TASK FORCE ICO With increased attention to how securities laws may apply to digital token sales and the disruptive nature of increased cyber threats to the investor community, the Securities Exchange Commission (“SEC”) last week announced two new initiatives. The SEC’s press release, found here, outlined the creation of the […]
Bitcoin Debate Heats Up, Split Coming $BTCUSD at 3,952.73 Wednesday Bitcoin is likely to split again this November, creating a 3rd version of the world’s largest cryptocurrency as miners and developers pursue separate visions to scale up its growing market. Major industry players say consensus between opposing camps looked increasingly unlikely. That opinion was echoed […]
Cryptocurrency Crackdown: Swiss Shut Down ‘Fake’ e-Coin Switzerland’s financial watchdog closed down the provider of a fake cryptocurrency and is investigating around 12 other possible fraud cases, in the latest clamp-down on the risks involving virtual money. The move by the FINMA watchdog comes on the heels of Chinese authorities’ ordering Beijing-based cryptocurrency exchanges to […]
Crypto Coin Market is a ‘Time-Bomb’ that is Ticking Entrepreneurs issuing dispensable digital coins to cash in on the hype of Crypto currency are fanning a blockchain assets bubble. Firms have raised $1.3-B this year in digital coin sales, surpassing venture capital funding of blockchain companies and up more than 6X from the total raised […]