Dutch National Bank Economist: Bitcoin Could Fall More Before Rally

Dutch National Bank Economist: Bitcoin Could Fall More Before Rally

Advertisement Joost van der Burgt, a policy advisor at the Dutch National Bank, said that the Bitcoin price will endure at least one more correction prior to initiating the next mid-term rally. Burgt demonstrated the correlation between Google search activity of the keyword “Bitcoin” and the price chart of BTC, which showed striking similarities from…

Monero up 20% This Week as Bloomberg Report Injects Bullish Sentiment

Monero up 20% This Week as Bloomberg Report Injects Bullish Sentiment

Advertisement Monero value this week has surged more than 20 percent after a report published by the Satis Group predicted robust bullish forecasts for the privacy-centric cryptocurrency. The XMR/USD pair on August 30 was trading at around 97.36-fiat after strong bearish sentiment rejected the previous upside near 110-fiat. The same day, Satis Group, a major…

Deutsche Börse Launches Dedicated Cryptocurrency and Blockchain Unit

Deutsche Börse Launches Dedicated Cryptocurrency and Blockchain Unit

Advertisement German capital markets giant Deutsche Börse has created a dedicated ‘DLT, Crypto Assets and New Market Structures’ department for exploring the application of blockchain technology. Deutsche Börse has been exploring different applications of the blockchain for a while, the firm said in a press release. The German-based exchange had co-operated with international central securities depositories on how to…

Bitcoin Price Remains Above $7,200 For 3 Days, Where is Market Headed?

Bitcoin Price Remains Above $7,200 For 3 Days, Where is Market Headed?

Advertisement Since early August, Bitcoin has shown a level of stability it hasn’t seen since early 2017. Throughout this week, bitcoin price has remained above the $7,200 mark. Since Sunday, the cryptocurrency market has not seen any major movement to both the upside and downside, possibly due to the lack of momentum and volume in…

Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record

Bitcoin Cash Gains 14% as Stress Test Hits Transaction Record

Advertisement Over the weekend, Bitcoin Cash conducted a stress test designed to prove to merchants and businesses worldwide that its mainnet is capable of scaling on chain and handling huge transaction volumes currently. The principal takeaway from the results of the test was that increased transaction volumes did not lead to a fee surge, and…

Bitcoin Price Intraday Analysis: BTC/USD Could Attempt Pullback

Bitcoin Price Intraday Analysis: BTC/USD Could Attempt Pullback

Advertisement On Monday, bitcoin price corrected weakly to the downside, summing up the pullback close to 3 percent. The BTC/USD looked lazy the whole day. The pair earlier corrected from its intraday high near 7340-fiat and continued its fall until hitting today’s low at 7203-fiat during the Asian morning session. The pair recovered later in…

Dogecoin Recovers Losses, Rises More than 18 Percent

Dogecoin Recovers Losses, Rises More than 18 Percent

Advertisement Dogecoin on Monday recorded more than 18 percent gains against the US Dollar. The DOGE/USD kickstarted the day adding value to its prevailing upside momentum. During the early Asian trading session, the pair had made higher highs towards 0.00572-fiat. It only began to stumble as the session matured and fell towards 0.00498-fiat at the…

Former PayPal CEO Brands Bitcoin a ‘Cult’, Trashes Use Cases

Former PayPal CEO Brands Bitcoin a ‘Cult’, Trashes Use Cases

Advertisement Bitcoin believers and enthusiasts beware, you could be unwitting members of a cult if Bill Harris is to be believed. Speaking on CNBC’s Fast Money program, the former CEO of payments services firm PayPal claimed that bitcoin’s supposed advantages are non-existent. “The cult of bitcoin make many claims — that it’s instant, free, scalable,…

Russian Police Seize 22 Cryptocurrency ATMs Under Central Bank Request

Russian Police Seize 22 Cryptocurrency ATMs Under Central Bank Request

Advertisement Russian police have recently seized cryptocurrency ATM machines under orders from the country’s central bank. According to local publication RBC, the ATM developer impacted by the seizure plans to appeal the action, and has incurred economic damage and costs to its reputation, said Sarkis Darbinian, an attorney for the Center of Digital Rights, which defends the…