Bitcoin Price Weekly Analysis: BTC Primed To Test $5,000

Key Points Bitcoin price gained pace recently and broke the $3,580 and $3,780 resistances against the US Dollar. There is a major symmetrical triangle forming with resistance at $4,080 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to break the $4,080 and $4,150 resistance levels to rally […]

Why the CFTC’s Questions About Ethereum Matter

The questions on ethereum the CFTC put to the public show that the regulator has been considering derivatives on cryptocurrencies other than bitcoin – they also point to a new collaborative approach to sector oversight.

Israel’s Central Bank Seeks Public Input in Crypto Regulation Initiative

The central bank of Israel and various other government agencies are seeking input from the public regarding the regulation of virtual assets. According to a statement released by the Bank of Israel, there is a need to monitor developments in the digital assets space and understand their implications on financial stability, economic activity and on […]

Lack of Widespread Crypto Knowledge Could be Stunting the Market’s Growth

2018 has been a rough year for the crypto markets, with Bitcoin, the market’s largest digital asset by market cap, falling from highs of nearly $20,000 one year ago to recently established lows of just over $3,000. The tumultuous market conditions throughout 2018 have disheartened many investors and has led the industry as a whole to […]

Huobi-Backed BHEX Launches Blue Helix Token (BHT)

CCN spoke to James Ju, the CEO of the new Blue Helix Exchange (BHEX) and former CTO of Huobi Global. Blue Helix is an exchange which is pushing toward a decentralized topology in a regulator-friendly manner. They raised $15 million from institutional investors including Huobi and OKEx by selling equity about six months ago, and […]

Why This Billionaire Investor is Betting on a Project Bringing Bitcoin Payments to Starbucks

Billionaire investor and all-round cryptocurrency advocate Tim Draper has recently announced that he has invested in a Bitcoin payment processing platform. OpenNode aims to make it easier for regular companies to accept payments using Bitcoin. Draper backed the company through his own firm, Draper Associates, to the tune of $1.25 million. The long-time Bitcoin bull […]

Bitcoin Price Uptrend Exhausts ahead of $4,500 Reclaim

Bitcoin price on Friday corrected 5% from its intraday high at $4,172, hinting that the ongoing uptrend is close to exhaustion. The Bitcoin-to-Dollar pair found a compelling resistance area near $4,000 that reversed the breakout attempts on four separate occasions today. To the downside, the area near $3,880 provided similarly strong support to keep the […]

Bitcoin Holds Above $4,000 As Upwards Momentum Stalls

Bitcoin has been able to hold above $4,000 following its recent upwards swing that sent it up nearly 30% from its recently established 2018 lows. Despite being able to hold above $4,000, Bitcoin’s upwards momentum was not able to sustain into Friday, and its recent rally has stalled. At the time of writing, Bitcoin is […]

Energy Incentives Make Bitcoin Mining a Natural Fit for B.C., Canada

When it comes to bitcoin mining, Canada is a natural.  A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs. B.C. is sitting on a large surplus of hydroelectric energy, as depleted resources have resulted in […]