Tag Archives: Bitcoin

Bitcoin [BTC] Price Falls Amidst Bear Market; Don’t Panic, Everything’s All Right!

Bitcoin price might have taken a fall, but if we take a look at the long-term price analysis, things aren’t that drastic or unique. The market is just alright as even tweeted by John McAfee. Bitcoin price mania Bitcoin has tumbled down severely, in early January’s $17,296, it stumbled to $6114 in early February. At the beginning of… Read More »

Tone Vays: Bitcoin Hitting $4975 Is ‘Most Optimistic’ Bear Market Price Outlook

Wilma Woo · June 11, 2018 · 8:00 am Well-known analyst Tone Vays has likened Bitcoin to how it was in 2014, as prices hit multi-month lows of $6668. ‘It’s Been A Long Time’ Uploading technical forecasts for BTC/USD on social media Sunday, Tone Vays — who has produced multiple warnings about a bear market for the leading… Read More »

Buy the FUD: Mainstream Media Convinced Coinrail Hack Caused Crypto Price Plunge

Cryptocurrency users are venting frustration June 11 after mainstream media outlets reported the crypto market had fallen namely due to the hacking of a small South Korean exchange Coinrail. As both Bitcoin and altcoins fell June 10, sources including Bloomberg, the Wall Street Journal (WSJ), Reuters, the Guardian and others claimed that Coinrail’s hack – which local media… Read More »

Are ICOs Cashing out en Masse to Crash Cryptocurrency Prices?

Speculation is an integral part of the cryptocurrency industry. This becomes even more apparent when there is a lot of bearish pressure on the market.One has to wonder why these sell-offs keep happening so regularly. The ICO industry may have a role to play in this regard, albeit nothing can be proven right away. Are ICOs Crashing Cryptocurrency?… Read More »

Bitcoin Price Crash Caused by Panic Sellers and Manipulation (Not Coinrail)

Adam James · June 11, 2018 · 6:00 am In an effort to pin Bitcoin’s price drop on anything other than sellers overpowering buyers, mainstream and cryptocurrency-focused media have been eager to blame Coinrail — an irrelevant and incredibly minor cryptocurrency exchange in South Korea. However, the hack of Coinrail is not to blame for the flash crash.… Read More »

$6K Next? Bitcoin Bear Market Back After 10% Drop

The bitcoin market has come alive in the last 36 hours, with the bears gaining the upper hand and now aiming for fresh 2018 lows below $6,000. The cryptocurrency dropped nearly 10 percent on Sunday, hitting a two-month low of $6,619 on Bitfinex, having spent the last two weeks trading in the narrow range of $7,000–$7,800. Across the… Read More »

Ex-FDIC Chair: Current Monetary Tools ‘Inadequate’, Fed Should Consider Digital Currency

The former Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) said that she thinks the Federal Reserve (Fed) needs to seriously consider issuing a central bank-issued digital currency (CBDC) in a June 8 op-ed published on Yahoo! Finance. In her op-ed, the former FDIC Chair Sheila Bair noted that “the past 10 years are proof positive that… Read More »

No, Bitcoin Price Didn’t Fall Because a Minor Cryptocurrency Exchange was Hacked

The Bitcoin price has taken another massive dip over the weekend. Pinpointing the exact reason for that development is not all that easy. Some people blame the hack of CoinRail to be the culprit. However, the exchange is a small platform with a less-than-great reputation in South Korea. CoinRail Hack is Unfortunate Whenever a cryptocurrency exchange is hacked,… Read More »

Fidelity Looking for Crypto-Fund Managers After Series of Employee Departures

Matthew Hrones · June 11, 2018 · 3:00 am The wealth management firm is looking for employees to run its internal Bitcoin fund that was launched last year. Two key members of Fidelity’s crypto-team have left the company for other projects. Fidelity Expanding into Crypto Fidelity launched a small, experimental fund in the latter half of last year… Read More »

Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?

Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red all through the… Read More »