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Bitcoin Price Watch: Break Above $3,700 Could Push BTC Higher

Key Points Bitcoin price recovered recently and moved above the $3,500 resistance against the US Dollar. There is a key bearish trend line in place with resistance at $3,590 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must break the $3,590 and $3,650 resistance …

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Bitcoin: Sell-Off Is A Structural Break To The Downside Of The Already Negative Trend

Bitcoin has suffered a significant drop-off in terms of its value against the USD in November. Despite trading within the USD6,400-6,500 range through mid-November on thin volumes, BTC dropped to a low of USD3,685 by November 24 before entering the “dead cat bounce” period since. The Bitcoin community, however, remains …

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Will blockchain really break the internet’s ‘feudal model’, or is it just a glorified spreadsheet?

“The current Internet is based on a feudal economic model,” Dennis Avorin, a Malta-based tech policy expert says, explaining how the ownership of the internet is in the hands of a few large companies. “We kind of pay them by giving away our data for free, and in return we …

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Will Quantum Computing Break Blockchain?

PHOTO: Shutterstock Blockchain is just the latest technology that will change the way we work and live, but there is a new technology that is starting to emerge and, according to researchers, it looks set to disrupt the disruptor. That technology is quantum computing. Recently, a paper by computer scientists …

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Cryptocurrency firm Bottos wants to break tech giants’ ‘data monopoly’

Chinese cryptocurrency start-up Bottos wants to end the monopoly tech giants like Amazon and Facebook have on data, its founder and chief executive said Wednesday. “We’re trying to break the data monopoly situation currently,” Xin Song told CNBC’s Arjun Kharpal at the East Tech West conference held in the Nansha …

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Wait and Watch? Bitcoin Prices Hover Near Make or Break Level

What’s behind bitcoin’s recent lethargic price action? Well, for one, investors appear to be waiting on the sidelines as they seek clarity out of China following news that the country’s exchanges will shut down operations by October’s end. Traders, it seems, are in no mood to take up big positions, …

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Juniper Research: Cryptocurrency Transactions Expected to Break $1 Trillion Barrier This Year

BASINGSTOKE, England–(BUSINESS WIRE)–A new study from Juniper Research has found that the value of cryptocurrency transactions is expected to surpass $1 trillion in 2017, more than 15 times the level in 2016. The new research, The Future of Blockchain: Key Vertical Opportunities & Deployment Strategies 2017-2022, stated that transaction values …

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Bitcoin Price Struggles To Break Free Of Current Range – Forbes

Forbes Bitcoin Price Struggles To Break Free Of Current RangeForbesThe cryptocurrency has faced these headwinds after surging more than 300% year-to-date, climbing from less than $1,000 to more than $4,000 earlier this month, according to CoinDesk’s Bitcoin Price Index (BPI). [Ed note: Investing in cryptocoins or … Original Source

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Police break up alleged cryptocurrency ‘boiler room’ in London

Cryptocurrencies like bitcoin have been booming in popularity. George Frey/Getty Images LONDON — City of London Police have arrested a man suspected of setting up a “boiler room” to sell fake cryptocurrency to investors. The Financial Times reports that a man was arrested on Wednesday at his home on suspicion …

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Make Or Break August 1st Event Is Coming For Bitcoin Investors – Bitcoin Investment Trust (OTCMKTS:GBTC)

This article aims to explain the chain of events that happened and going to happen in bitcoin space. Let me start with few basics so that for the benefit of non tech savvy long term investors. Though some of the terms mentioned below are technical, it is highly desirable for …

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