Bitcoin Price Analysis: Sideways Consolidation Paves the Way for Macro Uptrend

Summary: Buying pressure continues as the bitcoin market holds above the macro, bearish trendline and the monthly resistance level. There was a small amount of selling pressure but it was absorbed by eager bulls. The selling pressure seems to be profit taking as we continue to establish a low time frame uptrend of higher lows and higher highs. On a macro scale, we are sitting in between support and resistance levels and it seems very likely we will continue upward until we encounter the $5,500 toto $5,800 zone. Trading and…

Bitcoin Whales Have Started Splashing

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. On Squawk Box, Fundstrat Global Advisors head of research Thomas Lee said that despite the 16-month correction, bitcoin is en route to a steady accumulation phase throughout 2019. In the…

Is Litecoin (LTC) and Other Assets Rallying Because of Central Banks’ Irresponsibility?

Litecoin prices up with huge trade volumes Irresponsible central banks like the FED will fuel crypto resurgence Travis Kling, the Chief Investment Officer at Ikigai Asset Management, believes that the crypto space will flourish as the public loses faith in the FED thanks to their “irresponsibility.” Thus far, Litecoin (LTC) is up 45.9 percent with ultra-high participation of 2.7 million last recorded in Mar 2018. Litecoin Price Analysis Fundamentals The relief valve is off, and the crypto community can now afford a smile. After a long crypto winter full of…

Canadian Drug Dealer Ordered to Forfeit $1.4 Million in Bitcoin

As part of an ongoing criminal case, a judge in Canada has ordered that a local online drug dealer must forfeit about 281.41 bitcoin (worth about $1.4 million) after it was found that he used the cryptocurrency to fund his illegal activities. It’s been reported as Canada’s largest-ever bitcoin forfeiture. In 2015, local authorities seized the dealer’s laptop and the BTC tokens (worth about $65,885 at the time) were found, according to a report by the Toronto Star. The dealer, Matthew Phan, pleaded guilty to the charges of possessing illegal…

Bitcoin Ridiculously Overbought – One Trader Says it Will Still Go Parabolic

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Now that the bitcoin price has broken above the $5,000 mark to set a new 2019 high, crypto traders are anxiously watching the charts to discern whether the flagship cryptocurrency…

Barclays, RBS Join 40-Strong R3 Blockchain Real Estate Trial

Two major United Kingdom banks — Barclays and Royal Bank of Scotland (RBS) — have joined a trial using blockchain to streamline real estate purchasing after rethinking the technology’s potential, Bloomberg reported on April 4. The trial, which involved a total of 40 participants, used a tool from Instant Property Network (IPN), a startup using enterprise blockchain group R3’s Corda platform. Introducing blockchain into the real estate exchange arena worldwide could result in savings of $160 billion, IPN told Bloomberg, with the previously skeptical banks appearing to warm to this…

Bitrefill Adds Thor Turbo to Speed Lightning Connections

The crypto payment platform Bitrefill has announced an upgrade to its Thor service. The upgrade is dubbed “Thor Turbo,” and its expected to speed up the process of connecting to Bitrefill’s Lightning node, according to a press release sent to Bitcoin Magazine. Bitrefill launched the Thor service in January 2019 as an on-demand Lightning channel service that allows users to receive payments whether they have bitcoin loaded into their Lightning wallets or not. Speaking with Bitcoin Magazine via email, Bitrefill COO John Carvalho said that, since Thor launched, the startup…

Bolt-A-Thon, a Virtual Lightning Network Event, Invites Borderless Progress

Bolt-A-Thon, a unique kind of Lightning Network hackathon and conference kicks off today, April 5, 2019, to help gather contributors from all over the world and propel Bitcoin’s vital Layer 2 solution. But rather than host the event in person, the organizers adopted a core tenet of the Lightning Network itself into the very fabric of Bolt-A-Thon. “The Lightning Network was built around the idea of financial inclusivity,” explained Andrew Yang, the COO at BlockFuse and an event organizer. “Anyone in the world can pay and it can be done…

Crypto Market ‘Bullish’ in Wake of Bitcoin’s 20% Surge

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Cryptocurrency prime dealer SFOX released its monthly volatility report this week, and while it is not all plain sailing for the crypto market the indicator clearly affirms that this week’s…

Op Ed: Why Bitcoin’s “Toxic” Maximalism Makes Sense

Over the years, Bitcoin has gained a reputation for having a “toxic” community of users around it. This accusation is mostly thrown at Bitcoin by proponents of altcoins and those who have supported various Bitcoin hard fork attempts in the past. Of course, this is an oversimplification of the Bitcoin community. Crypto Twitter, which is the main hub of online cryptocurrency conversations these days, does not make up anywhere near the entire Bitcoin user base. When people talk about the Bitcoin community being toxic, they’re mostly complaining that some Bitcoin…