Category: Bitcoin
The analysis published under this category are as follows.
Tuesday, March 24, 2015
Bitcoin Price Gearing Up for a Fall / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
Nasdaq is going to provide a new Bitcoin exchange with technology allowing its future users to trade Bitcoin, we read on the Wall Street Journal website:
Read full article... Read full article...Nasdaq OMX Group Inc. has agreed to provide New York-based startup Noble Markets with core technology to power a new marketplace aimed at allowing companies and institutional investors such as hedge funds to trade bitcoin and related digital-currency assets.
Saturday, March 21, 2015
No Rest for Bitcoin Traders / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
Intel might be looking into Bitcoin, we read on CoinDesk:
Read full article... Read full article...California-based semiconductor manufacturer Intel appears to be dipping its toe in the digital currency space, following a bitcoin-related job posting.
The multinational company is looking for a cryptographic researcher to join its Special Innovation Projects Group, part of its in-house research organisation, Intel Labs.
Saturday, March 14, 2015
Bitcoin Price Reversal? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
IBM might be working on the adoption of blockchain to serve traditional currencies, we read on the Reuters website:
Read full article... Read full article...International Business Machines Corp is considering adopting the underlying technology behind bitcoin, known as the "blockchain," to create a digital cash and payment system for major currencies, according to a person familiar with the matter.
Tuesday, March 10, 2015
Bitcoin Price Still Holding Above $250 / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Luqin Wang and Yong Liu, researchers at the NYU Polytechnic School of Engineering, have come up with a paper on the evolution of Bitcoin mining. Their work tackles various aspects of how Bitcoin miners have changed over the life of the network. In a subsection on solo miners, we can read:
Read full article... Read full article...
Tuesday, February 24, 2015
Bitcoin Price Might Stay below $250 / Currencies / Bitcoin
By: Mike_McAra
Briefly: speculative short position, stop-loss at $273, take-profit at $153.
Rakuten, a Japanese electronic commerce company, with $5.3 billion in revenue for 2013, might be warming up to Bitcoin, we read on the Wall Street Journal website:
Read full article... Read full article...Japanese e-commerce giant Rakuten is considering accepting the virtual currency bitcoin as payment, founder and Chief Executive Hiroshi Mikitani said.
"We are thinking about it, and we probably will," Mr. Mikitani said at the Rakuten Financial Conference in Tokyo, where panelists discussed crypto-currencies and other alternatives to cash and credit cards. "We would like to be open."
Friday, February 20, 2015
Bitcoin Price Drifting Towards Depreciation / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short position, stop-loss at $273, take-profit at $153.
A new security standard for cryptocurrencies has been proposed by the Cryptocurrency Certification Consortium, we read on CoinDesk:
A group composed of developers and security professionals has proposed a set of rules aimed at standardizing security protocols used by companies that handle or store digital currencies for their clients.
Read full article... Read full article...
Tuesday, February 17, 2015
Bitcoin Price Suggests Yet Another Move / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short position, stop-loss at $273, take-profit at $153.
A New York politician, Mark Levine, has proposed that the city accept Bitcoin as payment for fees and fines, we read on CoinDesk:
Last Thursday New York City councilman Mark Levine introduced a bill petitioning for the city to accept bitcoin as payment for fines and fees.
Levine opened up about the bill, which he says could be passed as early as June, in a new interview with CoinDesk, indicating that he believes New York City has a pressing incentive to begin accepting the payment method due to its cost advantages when compared to credit cards.
Read full article... Read full article...
Tuesday, February 10, 2015
Does Bitcoin Low Volume Suggest Future Price Action? / Currencies / Bitcoin
By: Mike_McAra
Bitcoin Trading Alert originally published on February 10, 2015, 12:33 PM.
In short: speculative short position, stop-loss at $257, take-profit at $153.
A new partnership might bring Bitcoin closer to airlines, we read on CoinDesk:
Read full article... Read full article...
Friday, February 06, 2015
Bitcoin Price Edging Closer to $200 / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short position, stop-loss at $257, take-profit at $153.
The new EU regulations on value added tax (VAT) might be unfavorable for companies willing to accept Bitcoin, we read on CoinDesk:
(…) the European Union introduced new Value Added Tax (VAT) laws on 1st January this year.
As a consequence of this legislation, companies selling electronic goods or services to customers within the EU are now legally required to record the country of residence of their customers (…).
Read full article... Read full article...
Tuesday, January 27, 2015
Bitcoin Price Tense Days Ahead / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
The Winklevoss twins seem to be connected to everything about Bitcoin that has hit the media recently. This is an exaggeration but the brothers have been reported to be working on a new regulated Bitcoin exchange, on a Bitcoin ETF. It turned out that they were beaten to opening the first regulated exchange by Coinbase but the brothers seemed undeterred as they spoke with CNN Money:
Read full article... Read full article...
Saturday, January 24, 2015
Bitcoin Price Rebound Might Be Coming to an End / Commodities / Bitcoin
By: Mike_McAra
Briefly: no speculative positions.
News broke that the Winklevoss brothers, twins who battled Facebook founder Mark Zuckerberg in court, are out there to create a fully-regulated Bitcoin exchange. As a matter of fact, they're already working on it and their team seems to have made some progress, we read in a DealBook article:
Read full article... Read full article...Now two of the biggest boosters of the virtual currency, Cameron and Tyler Winklevoss, are trying to firm up support by creating the first regulated Bitcoin exchange for American customers -- what they are calling the Nasdaq of Bitcoin.
Tuesday, January 20, 2015
Bitcoin Price Still in a Bearish Environment / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
The price of Bitcoin is not all that matters in the Bitcoin community. Developments in the protocol and particularly in the ease-of-use and security departments are extremely important, in our opinion, for the success of the cryptocurrency. A new feature for the Bitcoin system, called Bitcoin Box, has recently come out. This is a kind of terminal that allows to process Bitcoin transaction without the access to the Internet, we read on CoinDesk:
Read full article... Read full article...
Wednesday, January 14, 2015
Bitcoin Price Pause in the Decline Might Be Close / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Another slide in the price of Bitcoin, another day of more negative news on the cryptocurrency. Quite interestingly, we saw the "Bitcoin crash" news on the main page of the New York Times' Dealbook. The article "As Bitcoin's Price Slides, Signs of a Squeeze" also made it into the "Most Viewed" section of the website. In the piece, we read:
Read full article... Read full article...The price of Bitcoin slid further on Tuesday, dipping to its lowest level since the spring of 2013. The downward spiral, which began early last year, suggests that confidence in the virtual currency may be dwindling.
Tuesday, January 13, 2015
Bitcoin Price At Beginning of an Extremely Important Decline / Commodities / Bitcoin
By: Mike_McAra
Briefly: short speculative positions, stop-loss at $257, take-profit at $153.
There’s been a plunge in the price of Bitcoin and this is reflected by an uptick in the (already relatively high) number of news stories covering the “Bitcoin crash” or how much the currency has lost since its peak values. On CoinDesk, we read:
The bitcoin price has plunged below $250 and appears to be falling further, as sell orders pile up at major exchanges.
Read full article... Read full article...
Saturday, January 10, 2015
Bitcoin Price in Tense Territory / Currencies / Bitcoin
By: Mike_McAra
We read on Reuters that BitStamp had confirmed their exchange would go online during the day today:
Bitstamp, one of the largest exchanges for the digital bitcoin currency, said it would resume trading later on Friday after suspending operations because of a security breach on Sunday.
Bitstamp had suspended its service after the breach resulted in the loss of around 19,000 bitcoins with a value of some $5 million.
Read full article... Read full article...
Wednesday, January 07, 2015
Bitcoin Price Down 12 Percent Already 2015 – Cyber Attack On Major Exchange / Currencies / Bitcoin
By: GoldCore
2015 has not started well for bitcoin with prices having fallen 12%, from $320 to $288. The cyber attack on a leading bitcoin exchange is the latest challenge for the fledgling digital currency.
Bitstamp, Europe’s leading bitcoin exchange – and third largest globally – has been off-line following a breach in their system by hackers on Sunday night. The UK based company has suspended lodgements and withdrawals and reported that roughly $5.1 million, around 19,000 BTC, had been ‘lost.’ The revelation follows the disclosure that Bitstamp’s wallet system has been compromised, prompting it to halt deposits and later shut down its platform entirely according to Coin Desk.
Read full article... Read full article...
Wednesday, January 07, 2015
Bitcoin Price Stands Still but the Outlook Might Have Changed / Currencies / Bitcoin
By: Mike_McAra
Briefly: short speculative positions, stop-loss at $312, take-profit at $203.
BitStamp, one of the popular Bitcoin exchanges, posted an update on its website, giving customers more information on the recent security breach and its consequences:
Read full article... Read full article...We have temporarily suspended Bitstamp services. Bitstamp customers can rest assured that their bitcoins held with us prior to temporary suspension of services on January 5th (at 9am UTC) are completely safe and will be honored in full.
Friday, January 02, 2015
Will New Year Bring New Bitcoin Developments? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
BitMEX, a Bitcoin derivatives exchange will post a Bitcoin volatility index, which will be a measure of the magnitude of change in the price of the cryptocurrency, we read on CoinDesk:
Derivatives exchange BitMEX will publish an index on 5th January that it hopes will become the bitcoin world's version of the VIX– the so-called 'fear index' that is used to gauge uncertainty in the wider financial markets.
Read full article... Read full article...
Tuesday, December 30, 2014
Bitcoin Price Could Move Down / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Looking back at Bitcoin in 2014, we see that this was not a kind year for the currency, at least not in terms of the price. Bitcoin has gone down some 50% (!) since the beginning of the year or some 70% (!) since December 2013. Not particularly encouraging results, and even Bitcoin-focused websites make mention of them. On CoinDesk, we read:
If the story of bitcoin in 2013 was its meteoric rise in price, which saw it hit a peak of over $1,100 in November, then the tale of bitcoin's price this year is one of plummeting from those heights.
Read full article... Read full article...
Tuesday, December 30, 2014
The 5 Phases of Bitcoin Adoption / Currencies / Bitcoin
By: John_Mauldin
What will it take for Bitcoin to gain broad adoption and become the foundation of a new global financial system?
Worth Wray sat down with Barry Silbert, founder of the Bitcoin Investment Trust, to discuss. As one the most active venture capitalists in the industry (with investments in over 30 Bitcoin-related portfolio companies through the Bitcoin Opportunity Corp.), Barry has gone all-in on Bitcoin and Bitcoin-related businesses.
Read full article... Read full article...