Bitcoin’s Price is Up More Than $1K Since Bakkt Futures News

View Bitcoin has risen by $1,000 since Friday’s announcement by Bakkt exchange that it will be launching physically-settled bitcoin futures on Sept. 23. The price rise has neutralized the bearish setup on the intraday charts seen last week. The gains could be extended further to $11,000, as the hourly chart is reporting a bullish continuation pattern. The weekly chart continues to call a deeper pullback to $9,000 with key moving averages (MAs) producing a first bearish crossover since February. A weekly close above $12,000 is needed for a complete bullish…

Bitcoin Basher Peter Schiff Destroyed by Crypto Twitter for Fake News

Bitcoin basher Peter Schiff, an avowed gold bug, got dragged on Twitter after spouting a false claim about the bitcoin price. | Source: AP Photo / Mark Lennihan Gold bug Peter Schiff got dragged on Twitter after spouting false information about bitcoin. Schiff incorrectly claimed that BTC prices have plunged 15% since June 19. By comparison, Schiff gloated that gold prices have spiked 10% during the same period. Instead of dropping, Schiff said the bitcoin price should have climbed due to a combination of “favorable press, weakness in global currency and…

Crypto News Today | Poloniex Now Accepts Cards, Will Gemini Join Libra?

The cryptocurrency sphere is bustling today. Crypto news regarding Poloniex is causing a stir. The exchange will now accepts credit cards and bank accounts. Elsewhere, prominent crypto-advocates the Winklevoss twins, along with their Gemini exchange, might be buddying up with Facebook’s Libra. Let’s check this out. Crypto News Making Moves Major cryptocurrency exchange Poloniex has announced that customers can now use credit cards and bank accounts on the platform. It announced the move in a Medium post published yesterday. The release states that users from over 80 countries can now…

Bitcoin News Summary – May 20, 2019

Here’s what happened this week in Bitcoin in 99 seconds. Crypto markets this week reached their highest level since August of 2018. Markets then corrected downwards, however, sentiment is still bullish, with major news networks covering the resurgence of crypto. Bitcoin, Ethereum, BCH, and Gemini exchange’s US Dollar-based stablecoin can now be used to purchase goods from Starbucks, Whole Foods, Nordstrom and many more retailers. The US-based payments service, Flexa in collaboration with Gemini confirmed that their new crypto app, Spedn, will enable instant crypto payments in participating stores. It…

Samsung News Bodes Well For Ethereum (ETH), Even Amid Price Crumble

Ethereum (ETH) fall 11.7 percent Samsung could introduce crypto and blockchain functionality in their budget phones In correction of mid-this week’s rapid expansion, Ethereum (ETH) is down 11.7 percent even as reports suggest that Samsung will roll out cryptocurrency and blockchain functionality in their budget phones. Ethereum Price Analysis Fundamentals Like all liquid assets, Ethereum (ETH) is nose diving. At the time of press, the second most valuable asset is down, falling 11.7 percent to $235. But, after days of impressive gains, surging 55 percent mid this week, a cool…

Bitcoin News Summary – April 29, 2019

Here’s what happened this week in Bitcoin in 99 seconds. Crypto payments processor, Moon, announced a new Chrome browser extension which will allow Amazon purchases via Bitcoin’s Lightning Network. Coinbase account holders will also be able to pay via Bitcoin’s base layer, Ethereum, Litecoin, and Bitcoin Cash. A survey of South Koreans revealed that 7.4% of the country’s population owns some form of crypto. South Koreans own an average of over $6,000 worth of crypto, which is a 64% annual increase. People in their 50s hold the largest crypto balances.…

Bitcoin News Summary – April 15, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  We reported previously that Electrum Bitcoin wallets were under phishing attack, and recommended that users update to the latest version only via the official Electrum dot org website. This has now escalated to a Denial of Service attack from over 25,000 IP addresses, aimed at disrupting connections between user wallets and legitimate Electrum servers. Users are urged to disable auto-connection to random servers and to instead set a trusted server. We get many questions about debit cards so we’re…

Bitcoin News Summary – April 8, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Professional crypto traders suggested that this week’s dramatic price rise was a result of a major short squeeze in a low liquidity environment. A major Bitcoin buy order was split between at least three major exchanges, and the resulting upwards price pressure led to $500 million in desperate short-covering occurring within an hour on BitMEX. As usually happens when Bitcoin price news is trending, search volume is exploding. Google Trends reveal that search interest for the keyword “Bitcoin” is…

Bitcoin News Summary – April 1, 2019

Here’s what happened this week in Bitcoin in 99 seconds.  Wuabit crypto wallet will be accessible within WhatsApp. Bitcoin will be supported at launch, with altcoins set to follow. The wallet uses a simple and intuitive chat interface for transactions. This wallet has the potential to boost adoption, as WhatsApp has over a billion users. Major Bitcoin investor, Tim Draper, met with Argentinian president, Mauricio Macri to discuss monetary matters. Draper bet Macri that Bitcoin will increase in value relative to the Argentinian peso. If Draper loses, he pledged…

Coinbase Pro Has Good and Bad News Regarding Fees for Traders

Coinbase Pro is changing its fee structure later this week, with bottom tier traders seeing a hike and higher value clients paying less. The San Francisco-based cryptocurrency exchange announced the news in a blog post on Friday, saying that, starting March 22, market makers and takers who fall under the pricing tier of up to $100,000 will be subject to total fees of 0.40 percent, as compared to up to 0.30 percent (taker only) currently. The $100,000 to $1 million tier will stay with the current total fee of 0.30 percent,…