Bitcoin Price Analysis: Breakdown of Consolidation Tests Bullish Resolve

In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle.” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern. Until this weekend, the market hadn’t decided whether it was going to break up or break down out of the pattern. Over the weekend, the bitcoin market […]

Colombian Banks Shut Down Buda Crypto Exchange Accounts

Colombian banks have closed all the accounts of South American cryptocurrency exchange Buda.com without warning or explanation. The company experienced a similar issue in Chile some months back, where several banks decided to close its account along with those of several other exchanges. According to local news, the move by the Colombian banks was unexpected, […]

Bitcoin News Summary – June 11, 2018

The post Bitcoin News Summary – June 11, 2018 appeared first on 99 Bitcoins. Español Русский Here’s what happened this week in Bitcoin in 99 seconds.   Japan’s GMO corporation revealed its new ASIC miner, the B2. The device achieves a 24 terahash per second hashrate for a power cost of 1950 watts, making it […]

Bitcoin (BTC) Price Technical Analysis (June 11, 2018)

Yesterday we saw BTC prices literally crashing after shedding more than five percent. It might be a reactionary move after CFTC Bitcoin Futures investigations. However, what is important is how prices react at key support lines. Those levels stand at $7,000 and $7,100. Let’s have a look at these charts: Bitcoin (BTC) Technical Analysis In […]

DogeCon Bringing Blockchain Memes to Vancouver

DogeCon is shaping up to be one of the most unique blockchain events in the world. Under the banner of the Doge—the shiba inu-turned Internet meme that inspired one of the world’s biggest cryptocurrencies—they are combining crypto-economics, meme culture, and radical decentralization to create unity in the blockchain community. The first DogeCon will be held […]

Switzerland’s ‘Crypto Valley’ Set To Test Blockchain Voting

Residents of the Swiss city, Zug, will use the city’s eID system to vote using their smartphones this month as part of a blockchain based voting test, according to the Swiss Broadcasting Corporation. From June 25 to July 1, residents will download an app to register to vote. The city, home to what’s known as […]

Op-Ed: Do Blockchains Need a Native Currency?

Like most administrators in top banks and other financial institutions across the globe, the governor of the Bank of Spain, Luis María Linde lent his voice towards the criticism of cryptocurrencies despite showing support for the underlying technology, blockchain. Linde believes that the risks associated with cryptocurrencies outweighs the benefits therein by a lot but […]