Cryptocurrency
If you knew which ones to buy, a handful of altcoins better than Bitcoin made eye-popping percentage gains. In the last 18 months, more than 1,000 altcoins launched through initial coin offerings (ICOs). The total wealth created is estimated at $35 billion and, on average, three to five altcoins are launched per day, globally. Yes, […]
Bitcoin is up on stronger volume, a bullish sign. We need to see buying on stronger volume to confirm the rebound. Don’t rush to buy until the charts support a move higher. The crypto market has seen a big bounce this past week and it has many wondering if it’s the real thing. Is this […]
Bitcoin price is under pressure, nearing prices seen in late 2017, just before the enormous bull run to $20,000. This is exactly what big investor want as the underlying blockchain technology gains traction across the economy. Many wealthy and famous crypto critics are likely now buyers, despite their early claims that cryptocurrencies would not last. […]
The cryptocurrency market finished in the red again as another month went to the bears. Many are of course wondering if we saw the high for the market last December and that it’s all downhill from here. Some even worry about market manipulation that is keeping prices down. These are typical concerns in a bear […]
On June 22nd BTC spiked down and broke support at its April 1st low at $6,425. It then dropped a little lower to $5,755 where it hit the bottom of its down-channel that it’s been in since the May 5th high at $9,990. We wait to see if it will now head for at least […]
The chief U.S. investment regulator now says that Bitcoin and Ethereum are not securities. The Securities and Exchange Commission (SEC) point man on cryptocurrencies, William Hinman, is responsible for the decision. Hinman’s official title is head of the Division of Corporate Finance for the SEC. This division is also in charge of initial coin offerings (ICOs). […]
How much of the world’s money is actually cash — paper bills, like you see in a bank heist movie? Half, you might guess. Perhaps less. Try 8%. Economists believe that of all the world’s paper money, just 8% is actually paper. The rest are digital signals on ledgers at banks and in businesses. Which […]
Swiss voters this past week soundly defeated a “sovereign money” initiative, a referendum which would have led a fundamental change to monetary system in the country — dramatically limiting private bank lending. Nevertheless, 25% of the country did vote “yes” on the referendum, which if approved would have ushered in a financial system similar to […]
Later this year, a Switzerland based non-profit organization called the Saga Foundation expects to launch a “non-volatile” cryptocurrency in late 2018. Given the recent crash of Bitcoin to well below $7,000 — from either news of an exchange hack or just a market fluctuation, it’s impossible to say — the need for a solid, reliable […]
A Ukrainian social media stunt to raise money for an ICO turned deadly and resulted in the death of an expert climber on Mount Everest. The exact date of the death of the individual, a sherpa, has yet to disclosed. About 300 people have died over the years climbing the tallest mountain on earth. Frozen […]
