Mayday, Mayday: London Bitcoin Investor Crashes Lamborghini

Bitcoin Entrepreneur Ditches Exotic… In A Ditch Last year, Soulja Boy released a track titled “Bitcoin”. Although the Chicago-based artist has since claimed that crypto’s glory days are in the rearview mirror, that track saw Drako spit fire about exotics, a pseudo-meme in the cryptocurrency community. Funnily enough, however, it appears that the “when Lambo?” meme and industry jokes of similar caliber are a tad too accurate. According to a report from ABC News from Australia, a purple-esque Lamborghini Huracan, owned by a cryptocurrency entrepreneur, was found in a ditch…

Bitcoin (BTC), Facebook, JPM Coin, the Cincinatti Time Store And The Payments Revolution

Bitcoin, Facebook Coin and JPM Coin could together usher in a crypto default for value transfer. And to help see why, there is a crypto adoption lesson from America’s utopian past. Be it the internet of value trumpeted by Ripple or the peer-to-peer electronic cash of Satoshi Nakamoto’s bitcoin whitepaper, the premise that underlies crypto valuation assumptions is the notion that money will in time be brought into the digital age. Just as Netflix makes watching what you want when you want possible in a way that the analogue TV…

Bitcoin (BTC) Closing February Green Might ‘Not Mean Much’: Bloomberg

Bitcoin Closed Green… Finally What a horrid 2018 the digital asset market had. Although there were some silver linings in the crypto cloud, yesteryear was arguably rife with suffering and pain for investors at large. In fact, as per Dow Jones Market Data, which dates back to July 2010, Bitcoin (BTC) posted month-over-month red candles for half a year, the asset’s longest losing streak in its history. But, as February has come to a head, the streak of lower lows has finally ended. In the past 28 days, the flagship cryptocurrency has…

Popular Trader Leaves Crypto, But Remains Hopeful For Bitcoin (BTC)

Bitcoin Analyst Capitulates That’s right, CryptoYoda, an industry personality, trader, and thought leader extraordinaire that sports hundreds of thousands of followers, is leaving the industry. Or temporarily, at least. In what can only be described as an acute case of Bitcoin (BTC) bear market blues, Yoda took to Twitter on Friday to convey his final (for now) message. In a tweet that garnered traction throughout the space, Yoda wrote that while he will be leaving for a “while,” he remains fully invested in cryptocurrencies, as their value proposition from his…

Bitcoin Price Plunge to $1,000 is Possible, Say Traders; Could it Happen?

Since January, for over two months, Bitcoin has remained in a relatively tight price range from $3,200 to $4,000, unable to break out of key resistance levels above $4,200. Similarly, from September to November, in an identical time frame, Bitcoin maintained low volatility in the $6,100 to $6,700 range. Bitcoin 2-Year Chart (Source: Coinmarketcap.com) The last time the dominant cryptocurrency showed an extended period of stability, it dropped from the $6,000 region to $3,122, by nearly half. Some traders have suggested that BTC could become vulnerable to a similar downside…

Bitcoin Price Spiked 11% in February But Could Tank & Hit New Lows

The bitcoin price posted its first monthly gain in February after a dismal seven-month drought. However, technical analysis suggests the original cryptocurrency could crater to new lows because a downtrend appears to be forming. Bitcoin Price Spiked 11% In February Mati Greenspan is a senior market analyst at Tel Aviv-based crypto trading platform eToro. He told Bloomberg that February’s 11% spike in the bitcoin price is encouraging, but it isn’t out of the woods yet. Greenspan noted that trading volume has rocketed to a 12-month high. After six months in…

As the Blockchain Hype Dies, Why Should We Care About Practical TestNets?

The blockchain era has largely been defined by grandiose promises and ambitions, but little to show for it. For most companies, even those that successfully complete ICOs, we usually hear loud guarantees of life-changing and revolutionary technology. In the end, however, these “game-changers” end in the same place most others do, the dustbin of history. Reports of a vast majority of blockchain projects fizzing out or simply vanishing have become common, and those applications still around are forced to shoulder the burden and standard of the industry. In this climate,…

Ripple Price Weekly Analysis: XRP Likely Preparing For Next Upside Break

Ripple price tested the $0.3400 resistance area on a few occasions against the US dollar. The price failed to break the $0.3380-0.3400 resistance and declined below $0.3200. There is a crucial contracting triangle formed with resistance at $0.3140 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could dip to test the $0.3050 support area before it could break to the upside above $0.3150. Ripple price seems to be preparing for the next bullish break against the US Dollar and bitcoin. XRP/USD could rally once…

Investors Won’t Call Bitcoin (BTC) Bottom, But Accumulating Crypto Now Still Works

The Elusive Bitcoin Bottom Bottom this. Bottom that. Since the value of cryptocurrencies began to stumble at the start of 2018, investors have done their utmost to find the optimal time to purchase Bitcoin (BTC). EmptyBeerBottle, a leading voice in the crypto community, however, claims that the “majority of people” will be unable to call the exact bottom, including you, the reader, or me. The majority of people won’t call the exact bottom. That probably includes you. History tells us that buying a set amount of #Bitcoin per week/month and…

Bitcoin Price Weekly Analysis: Cautiously Bullish BTC, $3,900 Presents Resistance

Bitcoin price corrected lower sharply after trading towards the $4,200 resistance against the US Dollar. The price declined below the $3,860 support area and tested the $3,620 support zone. There is a short term ascending channel or bear flag formed with resistance at $3,900 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair could slowly move higher as long as it is above the $3,760 and $3,720 supports. Bitcoin price started consolidating losses below $3,860 against the US Dollar. BTC/USD could rise again as long…