Bitcoin is finally in a bit of a correction mode, down some $1,500 after attacking the $9,000 level, but a 17% drop is nowhere near the 30%+ correction that analysts have been prophesizing for weeks. In the past, anytime that Bitcoin has failed to deliver on its promise, whether monthly, weekly, or now daily, a…
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Occasionally government officials can surprise us common folks with their detailed understanding of a specific topic requiring a new legislative outlook. The crypto community has been especially on guard with respect to the actions of the Securities and Exchange Commission (SEC) after its continued clampdowns on Initial Coin Offerings (ICOs) and its refusal to grant…
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Bitcoin took it on the chin a second time in a week, plummeting 14% from $8,500 and change to $7,700, perhaps, from a sucker punch from a Whale dumping a large sell order on the market. For a second time, however, Bitcoin demonstrated its newfound resilience and climbed up off the canvas. It now rests…
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Bitcoin technology marches onwards and upwards! Much has been written about a supposed lack of technology progression in the crypto space, although critics have tended to speak far too early in the development process. As long as there are researchers and patents to be had, technology will improve in every aspect of the crypto network…
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As Bitcoin continues to rise at an unbelievable pace, so, too, do the anxiety levels of the crypto faithful. The world’s favorite cryptocurrency has astounded and confounded analysts at the same time during its recent rush to glory, but memories remain fresh of Crypto Winter and of a few bobbles along the road. As a…
Read moreBitcoin and its altcoin brethren have supporters, and they have detractors. Former SEC enforcement chief, John Reed Stark, a cybersecurity expert and attorney who worked for 20 years at the SEC’s enforcement division, falls into the latter camp. He is no friend of Bitcoin or any other cryptos for that matter, publicly calling Bitcoin “a…
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One of the most oft repeated fundamental drivers for the recent meteoric rise of Bitcoin has been that “Whales are on the move”. A subset of analysts are glued to the goings on in these highly valued crypto addresses, euphemistically referred to as “Whale” accounts, as if their splashing around could singularly drive the ebbs…
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Two new crypto research studies were released last week, which reveal that the United States still leads the crypto world with respect to sourced exchange volumes and that 64% of the payments taken from victims of ransomware attacks rely on crypto addresses as their means of settlement. Top Sources of Traffic to Crypto Exchanges Globally…
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The early visions of cryptocurrencies and blockchain technology attracted a supportive throng of libertarians and religious zealots, who envisioned a perfect world of peer-to-peer exchanges of value over totally private and decentralized crypto exchanges, or “DEX’s”, the term preferred in the digital world. Such exchanges would allow for an infrastructure free from government control and…
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An old axiom that often proves to be true when trading financial markets is that “Gaps will be filled”. Gaps occur when prices suddenly gyrate to a higher or lower level, without setting any particular levels of support or resistance. Depending on the type of gap, there is a high probability that market prices will…
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