Category: Bitcoin
The analysis published under this category are as follows.
Tuesday, April 28, 2015
Bitcoin Price Counterintuitive Signs / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Overstock, a U.S. online retailer already accepting Bitcoin, is now making a move to issue stock based on a ledger system, we read on the Wired website:
Read full article... Read full article...On Friday, the Salt Lake City-based online retailer filed a prospectus with the Securities and Exchange Commission that indicates it may issue up to $500 million in stock or other securities using technology akin to the online software system that underpins bitcoin. "We may decide to offer securities as digital securities...the ownership and transfer of which are recorded on a cryptographically-secured distributed ledger system using technology similar to (or the same as) the distributed ledger technology used for trading digital currencies," the filing reads.
Saturday, April 25, 2015
Bitcoin Price Provides Traders with Hints / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Customers of Starbucks in Hong Kong are now able to pay for their coffee with Bitcoin, we read on newsBTC:
Read full article... Read full article...Starbucks branches in Hong Kong are now accepting bitcoin payments and are offering 20% off discount for the purchase using the Fold app. This app is a U.S. startup that is affiliated with the Bitcoin Association of Hong Kong.
Tuesday, April 21, 2015
Bitcoin Recent Low Price Volatility Might Be Deceptive / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
We frequently comment on new initiatives in the startup scene, and today we also read and interesting press release on the Market Watch website:
BitGo, the leader in bitcoin security, today announced a partnership with online cryptocurrency data provider TradeBlock. The combination of TradeBlock’s execution and analysis tools and BitGo’s trustless multi-signature security products create a complete security and transaction solution for private and institutional Bitcoin traders.
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Wednesday, April 15, 2015
Important Bitcoin Price Action / Commodities / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Infosys, an Indian IT services and IT consulting company, is now looking into blockchain as a possible addition to the company products and services, we read on the Business Standard website:
Read full article... Read full article...According to a report in HT Mint, the Bengaluru-headquartered information technology services provider is assessing the merits of Blockchain, an open-source financial database that records all transactions of virtual currency Bitcoin, to see if the technology could be integrated into Finacle.
Saturday, April 11, 2015
Is Bitcoin Price Going down Some More? / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
Samsung is partnering with IBM to work on new potential applications for the technology underlying Bitcoin - the blockchain, we read on Bloomberg:
Samsung Electronics Co. is working with International Business Machines Corp. to use bitcoin technology for new applications.
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Tuesday, March 31, 2015
Bitcoin Price Down Move Still in the Cards / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
The development of Bitcoin shares traits with the development of the financial system as we know it. The problems which marred some Bitcoin exchanges seem similar to the ones which contributed to the introduction of deposit insurance. In a way, Bitcoin exemplifies both the troubles that the financial system encountered in the past but also the opportunities it offered. We actually saw an interesting piece on the Quartz website drawing parallels between the organization of stock trading and the Bitcoin system:
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Friday, March 27, 2015
Bitcoin Price Still in Important Territory / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
This week the U.S. Securities and Exchange Commission (SEC) adopted new rules regulating small companies' access to capital, we read on CoinDesk:
On Wednesday, the US Securities and Exchange Commission (SEC) adopted regulations permitting crowdfunding for business startups.
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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:
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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.
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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.
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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:
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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 (…).
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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:
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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:
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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.