Bitcoin 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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
Someone with the name "09E282" just bought a virtual Formula 1 race car for over $100,000 in Ethereum. The name of the buyer is not known at this point. As data from Etherscan shows, the bid for the car won after a four-day auction ended on May 27th. The crypto collectible attracted over 15 different…
Read more
Bitcoin is back. The cryptocurrency has recovered some of its "glory" in late 2017, and now the coin is trading at around $8,200 at the time of this writing. Bitcoin has captured to eyes and hearts of many wealthy and not-so wealthy people. Some are buying Bitcoin to fight inflation and their financial systems, while…
Read more
Be on guard – Cyber crooks are getting very clever with technological tricks to, as the typical con game scam storyline goes, gain your trust, appeal to your greed, set the hook, and then fleece you for all that it is worth. The latest cyber “ruse” on the Internet is designed to victimize Bitcoin-aware consumers…
Read more
The month of May, that time when investors typically “sell in May and go away”, has been rough on stocks. The S&P 500 index is down 5% at this writing, but over in Crypto-Land, Bitcoin is poised to win the performance race for the month, booking an incredible, astonishing (pick your preferred adjective) return of…
Read more
Bitcoin is a global phenomenon, there is no doubt. Everyone either has heard of it, has it or hates it. The "people's currency" has made strides in proving that its value is here to stay, after experiencing a sharp increase in its price for fewer than three weeks. Many countries around the globe are looking…
Read more