Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern: Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders Bottom This current pattern is nothing more than a setup at the moment,…

Bitcoin Price in Near-term Bias Conflict as $4,000-Resistance Teases

The bitcoin price consolidated this Thursday as $4,000-level continued to block the rally from a breakout attempt. The bitcoin-to-dollar exchange rate dropped as much as 5.36 percent of its value since its yesterday’s high at $3,971. The pair at press time is correcting higher on moderate volumes, up 0.71 percent from its intraday low at $3,758. The US dollar rate is posting minor losses owing to poor export data from the US markets. But its benefits are visibly going to the Japanese yen the most. Bitcoin is heading towards the…

San Francisco’s “Bitcoin Mafia”: How Bitcoin Started in the City on the Bay

The early Bitcoin community in San Francisco was originally comprised of revolutionaries: Individuals who believed in the freedom and opportunity that a permissionless distributed system would bring the world. We were widely regarded as unsavory and unpopular. Most people associated bitcoin with drugs, money laundering, and the dark web. On dates, dinner parties at friends houses or holidays with families, we were ridiculed and belittled. To believe in Bitcoin at that time, you had to be a rebel, someone who thought critically about what could be. A true believer. That…

Dow Downturn Shows Market is ‘Going into a Recession’: Gluskin Sheff

The Dow Jones Industrial Average and other major stock market indices have posted steep declines during the second trading day of 2019, extending a downturn that saw them post their worst December returns since 2008. According to the top economist at Canadian wealth management firm Gluskin Sheff, these losses may have only been the beginning. Rosenberg: ‘More Than 80 Percent Chance of Recession’ Following Dow Plunge Speaking during an interview on CNBC’s “Trading Nation,” David Rosenberg, Gluskin Sheff’s chief economist and strategist, said that he believes the recent stock market…

Neutrino: A Privacy-Preserving Light Wallet Protocol

Lightning is all the rage these days and, while it’s an exciting development, users currently have to have a full node running in order to transact in it. In this article, I’m going to introduce Neutrino, a new protocol for light clients to get the data that they need while preserving privacy and without trusting a central server. A Little History In the original white paper written in 2008, Satoshi Nakamoto described something called Simplified Payment Verification (SPV). SPV is how a light node can verify payments without downloading, verifying…

Tron Price Analysis: TRX Print Higher, ERC-20 Tokens Now “Artifacts”?

Latest Tron News By destroying an additional 182 million TRX ERC-201 tokens, Justin Sun is confirming his distaste of ERC-20 tokens. Back in November 2018 when he announced on Twitter that the platform has burnt $800 million worth of ERC-20 tokens, he let the whole know of his sentiment although Ethereum was where Tron steadied before launching their own blockchain, virtual machine and even tokens—TRC-10 and 20 tokens. I just burned 800 million USD worth $TRX ERC20 tokens. $TRX ERC20 tokens will soon become historical artifacts😋 Don’t forget to keep…

Bitcoin Price Watch: BTC Primed To Break $4K

Key Points Bitcoin price is grinding higher and it recently broke the $3,900 resistance against the US Dollar. There is a key ascending channel formed with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may decline a few points before it makes an attempt to clear the $4,000 resistance. Bitcoin price is showing positive signs above $3,800 against the US Dollar. BTC remains well supported on the downside for more gains above $4,000. Bitcoin Price Analysis Yesterday, we discussed that bitcoin…

Welcome to the reGenesis of Bitcoin Magazine!

On December 4, 2018, our CEO, David Bailey, made an exciting announcement: Bitcoin Magazine would be returning to its roots and shifting its focus to Bitcoin-related stories only. As the title of his blog post states, we intend to “Make Bitcoin Fun Again.” What does this mean? To begin with, we are delighted to unveil this beautifully redesigned and reimagined Bitcoin Magazine website with some cool new features including original artwork, a block explorer, an expanded guide section, and a general new flow to how you’ll see and interact with…

Ten Years Later, a Reflection on Bitcoin’s Genesis and Satoshi’s Timing

October 31, 2008, and January 3, 2009. The two dates have cemented themselves with Promethean significance into Bitcoin’s lore. On October 31, Satoshi Nakamoto published the Bitcoin white paper, a constitution of sorts for his revolutionary monetary system and its intrinsic currency. On January 3, this constitution came alive with Bitcoin Block #0. Also known as the network’s genesis block, this cornerstone would provide the foundation for an ecosystem that would challenge our perception of how money is valued and managed in a digital age. Ten years later, we celebrate…

Get Ready for a New Print Edition of Bitcoin Magazine!

In May 2012, the first print copy of Bitcoin Magazine — the original publication devoted exclusively to Bitcoin — made its debut. Founded by Vitalik Buterin and Mihai Alisie, that first edition with its iconic Anonymous mask on the cover has become one of the most sought-after collectibles in the Bitcoin space. Buterin and Alisie later joined forces with Orlando, Florida-based Coin Publishing LLC to produce 22 issues. BTC Media (now BTC Inc) acquired Bitcoin Magazine in 2014 and moved the publication entirely online. Today, on the anniversary of Bitcoin’s…