Category: Bitcoin
The analysis published under this category are as follows.
Friday, April 08, 2016
Bitcoin Price Volatility Deceptively Low / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
A custom Bitcoin-based record-keeping system has been tested on credit default swaps (CDSs), we read on the Wall Street Journal website:
Read full article... Read full article...Banks including J.P. Morgan Chase & Co. and Citigroup Inc. have successfully tested the record-keeping technology behind bitcoin on credit-default swaps, a move that could help it gain a foothold in mainstream finance.
Friday, April 01, 2016
Bitcoin Edging Towards Declines / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
If you have been wondering what kinds of applications there might be for Bitcoin on Wall Street, apart from settlement work, a new idea has been just highlighted. In an article on the Wall Street Journal website, we read:
Read full article... Read full article...Depository Trust & Clearing Corp., a firm at the center of Wall Street's trading infrastructure, is about to give the technology behind bitcoin a big test: seeing whether it can be used to bolster the $2.6 trillion repo market.
Tuesday, March 22, 2016
Bitcoin Trading Alert: $400 Level Becoming More Important / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515
It has been known for some time that Bitcoin transactions are not really anonymous. Now, a company focused on Blockchain surveillance has received significant venture capital funding, we read on The Telegraph website:
Read full article... Read full article...A British technology company that attempts to fight crime by spotting suspicious Bitcoin deals has raised $5m (£3.5m) as banks and regulators begin to take the blockchain technology that backs up the virtual currency seriously.
Tuesday, March 15, 2016
Bitcoin Price Not Far from $400 / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
Microsoft has dropped Bitcoin from its Microsoft Store, we read on the Fortune website:
Back at the end of 2014, Microsoft started allowing many people to pay money into their accounts using bitcoins. However, it has now quietly removed the option.
The change applies to both Windows 10 and Windows 10 Mobile, meaning people won’t be able to top up their balances with bitcoins in order to buy games, music and so on.
It’s not clear why Microsoft has suddenly gone cool on Bitcoin, but it is worth noting that it never went all in — the feature never saw a wide geographical rollout, and Microsoft never accepted bitcoin for its own products and services.
Read full article... Read full article...
Tuesday, November 10, 2015
Top in Bitcoin Price Might Be behind Us / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, target at $153, stop-loss at $515.
Nobel Prize winner Eugene Fama has recently expressed his views on Bitcoin in an interview with the Bitcoin Uncensored Podcast:
Read full article... Read full article...BU [Bitcoin Uncensored]: If you're carrying that much cash, you probably would want the anonymity features of bitcoin. On another note, why do we have 2% processing charges on credit cards you would say? If in fact the cost of moving money is zero.
Thursday, November 05, 2015
Bitcoin Price Surges 55% In Month – Chinese Moving Capital Into Bitcoin and Gold / Currencies / Bitcoin
By: GoldCore
Bitcoin has been surging in value since mid October and gained more than 20% yesterday alone. At one point, it hit a yearly high of more than $491 (see chart).
Monday, November 02, 2015
Bitcoin Price Doubles in 10 Months / Currencies / Bitcoin
By: Ashraf_Laidi
Bitcoin is on course for posting its 8th consecutive weekly gain (longest series of advances since late 2013) and is up 113% from its January lows. The recent break out in momentum emerged from last week's decision from the European Court of Justice to classify Bitcoin as a currency rather than a commodity, which means it will be exempt from VAT, thereby, improving its chances of being traded in an exchange.
Read full article... Read full article...
Saturday, July 11, 2015
Bitcoin Price Up on Probable Greek Deal / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Greece seems to have given in to its creditors’ demands for more austerity as the Greek government sent out a revised reform proposal yesterday which included substantial concessions on its part. Is this the end of the Greek drama? Most likely not.
Read full article... Read full article...
Tuesday, June 30, 2015
How Does Greece Influence Bitcoin? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Yesterday, we wrote how Bitcoin doesn’t necessarily have to be linked to the Greek situation. Yes, the recent turmoil has coincided with capital controls in Greece but this might not be a stable situation contrary to what one might think only looking at the price action. Today, on the Fortune website we read:
Read full article... Read full article...
Friday, June 26, 2015
Bitcoin Situation Getting Tenser / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Bitcoin is getting more and more attention from the banks and exchanges but it still remains relatively unknown to consumers, we read on CoinDesk:
A new survey published by Goldman Sachs has found that just over half of US millennials believe they will never use bitcoin.
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Tuesday, June 23, 2015
Bitcoin Price Stays below $250 / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Barclays is interested in the Bitcoin technology and has partnered with a Bitcoin exchange to explore blockchain technologies, we read on CoinDesk:
Barclays has signed off on a proof-of-concept to trial bitcoin technology.
Read full article... Read full article...
Friday, June 19, 2015
Is Bitcoin Price About to Move? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Yesterday, we wrote about how the recent hype about Bitcoin rallying "because" of Greece might be overstated and that finding a real "reason" behind a given move is extremely hard if not impossible. Today, read yet another piece on how Bitcoin can shift things around for Greece:
Read full article... Read full article...As Greece stumbles toward capital controls, bitcoin is once again proving its disruptive power within the global financial system.
Friday, June 12, 2015
Bitcoin Price Stands Still but Will It for Long? / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
In an article on International Business Times, a former MasterCard employee turned Bitcoin company manager offers some comments on how credit card companies respond to the Bitcoin technology. We read:
In an interview with IBTimes UK, Roelants [Marcel Roelants, general manager in Europe for BitPay, who also worked for MasterCard for five years] made reference to Visa's V.me digital wallet and its opposite number at MasterCard, MasterPass: "They come with solutions that are inside out technology driven. I heard from a lot of merchants integrating features of V.me and MasterPass is a nightmare.
Read full article... Read full article...
Thursday, June 04, 2015
Bitcoin “Total Crypto Breakdown” Highlights Risks To Digital Assets / Currencies / Bitcoin
By: GoldCore
- Bitcoin wallet app Blockchain suffers major security blunder
– Poor tech sees multiple accounts being created using same address
– Security lapses in electronic and digital currencies not uncommon
– Bitcoin and cryptocurrencies in infancy but are useful tools
– Physical gold offers most secure form of wealth preservation
Tuesday, June 02, 2015
Has Bitcoin Price Down Move Begun? / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
More banks are looking into the possibility to use Bitcoin's underlying technology, the blockchain, to develop their own solutions without necessary relying on Bitcoin itself, we read on the American Banker website:
Read full article... Read full article...
Friday, May 29, 2015
Tense Days for Bitcoin / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
Barry Silbert, a Bitcoin investor, might think that companies in the like of Western Union and MoneyGram will be devastated by Bitcoin, we read on the Entrepreneur website:
Read full article... Read full article...The near-demise of Kodak is a famous parable in business circles, illustrating the need for deeply-entrenched organizations to adapt in the face of evolving technology.
Saturday, May 23, 2015
Bitcoin Price Short Trade / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
Bitfinex, one of the leading Bitcoin exchanges, may have been compromised. On the exchange's website, we read:
Read full article... Read full article...Urgent action required
Saturday, May 16, 2015
Bitcoin Price to Slump? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
A new fund is being launched in the Bitcoin space, we read on CoinDesk:
A new fund has been launched on equity CrowdFunding platform BnkToTheFuture.com that allows investors to benefit from the growth of the Crypto Currency sector.
Read full article... Read full article...The new fund, called Bitcoin Capital will be managed by financial journalist, virtual currency inventor, entrepreneur and investor Max Keiser, and Simon Dixon, an ex-investment banker, investor, entrepreneur and co-founder of Bnk To The Future.
Wednesday, May 13, 2015
Bitcoin Price Short-term Outlook Soon to be Clarified / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
The technology underlying Bitcoin might prove to be what is needed to change the face of payments, record keeping and the way stock market is functioning, we read on Wired:
Read full article... Read full article...James Angel compares bitcoin to MySpace, the social network that paved the way for far more influential services like Facebook and Twitter.
Today's bitcoin digital currency, says Angel, a professor of finance at Georgetown University, is too flawed to replace existing currencies. But the basic ideas underpinning the technology, he believes, can significantly change how the financial world operates. This is already starting to happen.
Friday, May 08, 2015
Is Bitcoin Price in Bullish Territory? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
The first Bitcoin has become the first U.S. entity to be regulated by banking laws, we read on CNBC:
A New York City-based bitcoin exchange itBit has become the first to receive a charter under New York banking laws. (…)
ItBit is a commercial exchange that trades the virtual currency. Thursday's announcement makes it the first company to receive a charter from the New York State Department of Financial Services (NYDFS).
Read full article... Read full article...