Monday Massacre: Bitcoin Price Dives Below $5,000 as Support Levels Falter

The bitcoin price kicked off this week on a depressive note, extending its current bearish bias to another low level. The BTC/USD index fell from 5502-fiat to 4886-fiat on Monday, recording more than 11 percent in losses. The price action bled through crucial support levels that had a history of reversing bearish trends. It confirmed […]

Bitcoin News Summary – November 19, 2018

The post Bitcoin News Summary – November 19, 2018 appeared first on 99 Bitcoins. Here’s what happened this week in Bitcoin in 99 seconds.    Markets moved sharply to the downside to a new low for 2018. The $212 billion market cap moved down to $183 billion with Bitcoin falling almost $1,000. Ethereum lost […]

Crypto’s Too Expensive? Binance Sent $600 Million in Bitcoin for Just $7

Crypto exchange Binance has been moving bitcoin funds to cold storage the past couple of days, and, of course, such large transfers don’t go unnoticed. Two transactions destined for Binance’s cold wallet come to the fore and demonstrate both the power and irony of the blockchain. A transaction in block 550211 was a transfer of just […]

New York: DFS Grants BitLicense to Crypto Custodian

The New York Department of Financial Services (NYDFS) has issued a BitLicense to NYDIG Execution LLC, a subsidiary of New York Digital Investment Group (NYDIG LLC). In a statement published this week, the regulator revealed that the crypto custodian had been granted a virtual currency license and a money transmission license. In addition, another NYDIG subsidiary, NYDIG […]

Crimea to Set Up Blockchain University to Help Countries Evade U.S. Sanctions

Crimea, a disputed territory between Ukraine and Russia, is heading towards the creation of an international center for blockchain technology. Authorities in the Crimean Peninsula regard blockchain technology as a solution for states under international sanctions. Crimea was annexed by the Russian Federation in 2014 following a coup d’etat in Ukraine. The majority of international […]

Are You Bothered by Shallow Project Reviews?

Those who want to support the blockchain community must call out the sarcasm and half-truths of shallow reviews. Or should we even bother about this issue? Journalistic freedom (or freedom of expression and its corollaries, press freedom and freedom of information) is both a right and a responsibility. If you throw a punch as a […]

Crypto Experts Slash Bitcoin Price Predictions: Fact is, No One Knows

The recent crash in the crypto market has led Wall Street investors to slash their Bitcoin price prediction by half. Tom Lee, the co-founder of Fundstrat Global Advisors, lowered his year-end expectations to $15,000 from $25,000. Lee’s prediction came after BTC broke below its so-called bottom at $6,000. Before the crash, the said level was […]