Category : Bitcoin

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Bitcoin Falls to Bottom of Established Trading Range as Sell Volume Ramps Up

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Overnight, Bitcoin fell to the bottom of its long-established trading range, finding stability in the mid $6,300s. Bitcoin’s drop is not unexpected, and is far less severe than many analysts had foreshadowed, following a period of incredibly flat trading. Analysts have previously explained that the longer an asset, especially a cryptocurrency, trades flat, the larger the proceeding move will be.
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UK Fintech Industry Slams Govt’s ‘Blunt Instrument Approach’ To Cryptocurrency

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The UK could compromise its fintech sector with “very blunt instrument” regulation currently under consideration, a new report from several industry entities warns. ‘Ashamedly Geared Around Bitcoin’ As local news outlet the Telegraph reports October 29, the report criticizes plans to award more power to regulator the Financial Conduct Authority (FCA) and says treating all cryptoassets in the same way
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South Koreans Getting Back into Crypto as Fiat Trading Rises

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The conducive developments in South Korean crypto space have boosted fiat influx into the market, reveals this month’s data. eToro eanalyst Mati Greenspan pitted Korean Won against the most volumed bitcoin-quoted assets, including the US Dollar, Euro, the Pound and also Tether. The comparison revealed a dramatic surge in the BTC/KRW trading volume compared to other instruments that remained mostly stable throughout
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Amidst Calm, Market Can Expect Bitcoin to Surge

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On its birthday, a top exchange executive has wished Bitcoin a long, bullish life. Andy Cheung, the Head of Operations at OKEx, predicted “something good” as Bitcoin market continues to trend calmly amidst a global stock market sell-off. He pointed at two significant events to show the digital currency’s evolution. The first was when an individual had purchased a pizza
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Bitcoin Money Velocity Hits 2010 Lows, As BTC Price Flatlines

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Bitcoin’s monetary velocity is at its lowest point in eight years, and investors should be “realistic” about the chances of the 2018 bear market ending in the medium term. Echoes Of The Dawn Of Bitcoin Speculation That was the message from data analyst Willy Woo October 29, who uploaded new data tracking quarterly velocity for Bitcoin versus USD money supply.
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After Coinbase, PayPal Bans Social Media Platform Gab ‘Just Because’

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Gab.ai, the social messaging platform born in 2016 as an answer to the “Big Social Monopoly” of extant social media giants, has lost access to its PayPal account. PayPal: Gab Should ‘Find Alternative’ Gab, which in June saw itself unexpectedly banned from US cryptocurrency exchange and wallet provider Coinbase, did not receive an explanation from PayPal, the company’s decision being
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Fidelity Won’t Build Its Own Exchange, Focused on Bitcoin Custody, Exec Confirms

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Tom Jessop, President of Fidelity Digital Asset Services says that the asset manager will take crypto to the next level by enhancing the sector and providing a secure Bitcoin custody solution so institutional investors can get a piece of the crypto pie. Bitcoin Custody Solution Will Remove Barrier In the most recent episode of her Unconfirmed podcast, Laura Shin interviewed
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LocalBitcoins Volumes Are Dominated by Russia and Venezuela, New Data Finds

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LocalBitcoins is a good yardstick for measuring bitcoin usage on a country by country basis. A new analysis dives deeper than ever before into the data, considering metrics that have previously been overlooked. Locally Sourced Produce Though the majority of bitcoin activity occurs via online exchanges, country-specific data is hard to come by. LocalBitcoins does separate trade volume data by country but