South Korea has long been a key region for Bitcoin adoption. Now its government and banks are coming around, Googe Trends reveals an interesting pattern. Every day for the last week, South Koreans have been waking up with Bitcoin on their minds. Bitcoin Google Searches Show an Unmistakable Pattern Take a look at the Google trends worldwide chart for Bitcoin searches over the last week. Do you see a pattern forming? If you mouse over the high points, you’ll see that searches reach a peak at exactly the same time…
Read MoreDay: June 13, 2019
An In-Depth Look at Iris, a New Decentralized Social Network
Cryptocurrency advocates have been discussing a new social media platform designed by one of Bitcoin’s earliest developers Martti Malmi, otherwise known as Sirius. The project he designed, called Iris, is a social networking application that stores and indexes everything on the user’s devices and connects directly with peers rather than using centralized and privacy-invasive algorithms. Also read: Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash Former Bitcoin Developer Creates Social Networking That Uses Cryptographic Key Pairs Over the last decade, people have been on the hunt for…
Read MoreBitcoin Plays By Its Own Set of Rules, New Market Research Finds
Financial market analytics firm Indexica says the prime drivers for Bitcoin and the cryptocurrency market are completely different from those seen in the mainstream arena. Bitcoin Price Drivers Remain a Mystery Speaking to Forbes, Zak Selbert, the Indexica CEO said bitcoin and other cryptocurrencies do not behave in a similar manner to mainstream asset classes. According to Selbert: From our extensive research, and we’ve done more testing around bitcoin and cryptocurrencies than we have for pretty much any other asset we’ve analyzed, it simply appears the bitcoin price and crypto…
Read MoreBitcoin Price: Bulls Under Pressure to Break $8.2K in Rising Wedge
Bitcoin buyers appear to be eyeing the psychological $8,200 above today, but fears of a rising wedge reversal could put an abrupt end to the rising price. Let’s take a closer look. Bitcoin 4-Hour Chart On the 4-Hour BTC/USD chart, the price appears to be consolidating inside a bearish rising wedge pattern between two pinching trendlines. This pattern usually marks the start of a bearish reversal, as bullish momentum thins out ahead of strong resistance. In this case, the $8,200 level is the strong resistance and has played a critical…
Read MoreBakkt Will Start ‘Moonshot’ Bitcoin Futures Testing In July
Institutional trading platform Bakkt has announced the latest intended launch date for its Bitcoin futures – and compared the event to the first moon landing. Bitcoin Futures ‘Acceptance Testing’ Coming July 22 In a blog post June 13, Adam White, Bakkt’s COO and original employee of cryptocurrency exchange Coinbase, named July 22 as the date user testing will finally begin. “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at…
Read MoreJack Dorsey’s Square Makes First ‘Bitcoin Not Blockchain’ Hire
Following Jack Dorsey’s commitment to ‘give back’ to the Bitcoin ecosystem, Square Crypto has announced its first employee. Although not without a bit of good-natured trolling on Twitter first. Jack Dorsey’s Descent Into Bitcoin’s Rabbit Hole Twitter and Square CEO, Jack Dorsey, is a big fan of Bitcoin. We know this because a/ he doesn’t stop going on about it, and b/ see a/. In 2017 he introduced an easy on-ramp into Square’s Cash App, allowing users to buy and sell Bitcoin directly within the app. This led the Cash…
Read MoreCoinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash
On June 12, the cryptocurrency exchange Coinex announced the listing of a new Simple Ledger Protocol (SLP) token called honestcoin (USDH). The Honestcoin.io website details that the new token is a fully regulated stablecoin issued on the Bitcoin Cash network backed 1-to-1 for U.S. dollars. Also read: Yahoo Japan-Backed Exchange Launches Crypto-Yen Markets and Margin Trading Coinex Lists the USD-Backed Stablecoin USDH The digital currency trading platform Coinex, an exchange well known for offering a wide range of BCH paired markets, has announced the listing of a new stablecoin backed…
Read MoreThe Current Bitcoin Retracement is Over, Says Fundstrat
Fundstrat’s Robert Sluymer believes that bitcoin and many altcoins will soon experience significant price gains going on the back of positive signals from technical indicators. Bitcoin Set to Test $9k Again According to Bloomberg, the Fundstrat technical strategist expects an end to the price retracement that has been going on since the end of May 2019. In a note to investors quoted by Bloomberg, Sluymer wrote: Another upside attempt appears to be developing for most cryptocurrencies. Increase exposure. We expect Bitcoin to stage another rally from current levels toward next…
Read MoreHow to Exchange Your Amazon Gift Cards for Bitcoin Cash
If you’re looking to acquire some cryptocurrency without having to open an account at a centralized exchange, there are several ways to do so. One is to convert Amazon gift cards into bitcoin cash via Purse.io while helping others spend their BCH. Also Read: Coinbase Launches Crypto Debit Card in 6 European Countries Earn Bitcoin Cash With Purse.io Purse.io is a platform that connects crypto shoppers with anyone who wishes to exchange their Amazon gift cards for bitcoin cash. In order to participate in the program as an “Earner” you…
Read MoreBitcoin Futures Record Volume Reflects ‘Incremental’ Institutional Demand
Record Bitcoin futures volume in May is leading mainstream media to determine that Bitcoin is becoming a mature financial asset class. CME’s Half-Billion Dollar Bitcoin Market As Blockchain investor Oliver Isaacs noted June 13, CME Group’s Bitcoin futures set new records for both volume and open interest last month. A total of $515 million in notional value was traded, a surge of more than a third since April and 250 percent more year on year. This, Reuters reported citing various crypto business’ performance, is further proof Bitcoin’s 2019 renaissance has…
Read More