Friday, July 21

Business

This Week’s Second Swiss Bitcoin Breakthrough

This Week’s Second Swiss Bitcoin Breakthrough

Bitcoin, Business
A further major Swiss financial institution has begun accepting Bitcoin this week as Swissquote follows Falcon Private Bank. In a press release issued today, Swissquote describes itself as the “first online bank in Europe to offer Bitcoin investing.” The decision opens up Bitcoin investment to the platform’s 302,000 customers with a combined capital of 17.8 bln francs ($17.6 bln). “Many investors are interested in cryptocurrencies, but are afraid to trade them, because the players in this market are mostly little-known and they often require the transfer of funds to a foreign account,” CEO Mark Buerki commented in the release. “As a Swiss bank, we offer our clients a simplified, transparent process, without foreign transfers, that is within reach of everybody.” The news co
Bitcoin Price Could See 47% Correction at $2,800

Bitcoin Price Could See 47% Correction at $2,800

Bitcoin, Business
Reprint of post from Iain Sherriff May 6th Bitcoin price could experience a 47 percent price correction at $2,800 one bitcoin analyst predicted after witnessing a record $2,791.70 high Thursday, according to an analyst. The correction will only be temporary, said analyst Nicola Duke of Forex Analytix speaking to CNBC, who predicted the price will continue its upward movement through 2018. Bitcoin’s price is at $2,473 at press time, giving it a market cap of $40.4 billion, according to data from CoinMarketCap. Possible price corrections notwithstanding, the number of investors betting on bitcoin to climb higher has jumped 18.2%. Those taking short positions have fallen 10% since early this week. Investors are getting more bullish, according to the Bitfinex exchange. The Resistance Poin
Bitcoin to Get SegWit Before August 1st ?

Bitcoin to Get SegWit Before August 1st ?

Bitcoin, Business
The discussion around scaling Bitcoin has continued into the summer months of 2017, with BIP 148 and SegWit2x now the two most talked about proposals. A key similarity between these proposals is that they both intend to activate the Segregated Witness (SegWit) improvement; however, up to this point, the way in which SegWit would be activated by each proposal has not been made compatible. A recently proposed change to the SegWit2x implementation could change this. BIP 148 BIP 148 is a proposal from the pseudonymous developer Shaolinfry that attempts to force miners into the activation of Segregated Witness via economic forces. The way it works is that those running Bitcoin nodes that have implemented BIP 148 will only accept blocks from SegWit-signalling nodes starti...
Bitcoin could see a 47% correction

Bitcoin could see a 47% correction

Bitcoin, Business
First posted 27th May 2017 One analyst said that the cryptocurrency is close to a key level of $2,800 which could signal a correction ahead. Bitcoin is close to hitting a price that could see a 47 percent correction, according to one analyst, following a huge rally for the cryptocurrency that has led it to record highs. On Thursday, bitcoin hit an all-time high of $2791.70, according to CoinDesk data, marking a 180 percent rally year-to-date. One technical analyst, who looks at historical trading patterns to determine future price moves, told CNBC that the $2,800 could mark a level of resistance where the bitcoin pulls back. Bitcoin was as little as $9 off of that price on Thursday morning.Nicola Duke, an analyst at analysis platform For...
Bitcoin Price Is In Sweet Spot

Bitcoin Price Is In Sweet Spot

Bitcoin, Business
Sheba Jafari, the head of technical strategy at Goldman Sachs, recently revealed in a note to Business Insider that he expects Bitcoin price to extend to $3,915 and move closer to the $4,000 region this year. Technical analysis on the trend of Bitcoin price is often inaccurate due to the wide range of variables that can potentially affect Bitcoin price in a relatively short period of time. Why Bitcoin Price is Likely to Hit New All-Time Highs in 2017 In a more general sense, Bitcoin is in a sweet spot regarding global adoption, development and growth of user base. Over the past year, Bitcoin wallet platforms including Coinbase and Blockchain have registered tens of millions of new users as regions including China, South Korea, Japan, Australia and the US. They are planning to intr...