Friday, 18 May 2018

Bitcoin Price Fails To Accomplish Predicted Rally Following NYC Crypto Conference

Bitcoin’s (BTC) price has gone down around 10 percent this week since crypto conference Consensus ended yesterday, May 16, despite predictions that the event would cause the crypto markets to skyrocket.
Fundstrat’s Tom Lee, who had accurately predicted a crypto price rise in the wake of US tax day, had used past price spikes after the crypto event to predict a rally “even larger than past years,” according to Bloomberg:
“Bottom line: We expect BTC and cryptocurrencies to behave similarly to prior years and rally during Consensus.”
However, data from Coinmarketcap shows that BTC went from about $8,726 on May 14 to its now current price of about $8,310, a decrease of about 5 percent during the Consensus conference dates, with an overall weekly decrease of about 10 percent.
Bitcoin price chart
Bitcoin price chart. Source: Coinmarketcap
A popular crypto commenter Armin Van Bitcoin tweeted last week before the conference a table showing the past price increase of Bitcoin and altcoins both during and post-Consensus, with the column for 2018 left blank. The first questions markets for BTC can now be filled in at around -10 percent, and for altcoins at around -12.8 percent using total market cap data from Coinmarketcap.
Bloomberg Crypto tweeted yesterday, the last day of Consensus, a meme about Bitcoin’s failed rally:
Total market cap has lost about $56 bln this week, down from $438 bln to $382.

Total market cap has lost about $56 bln this week, down from $438 bln to $382.
Total crypto market capitalization
Total crypto market capitalization. Source: Coinmarketcap
Ethereum (ETH) has also dropped, trading at around $700 after this week’s high of about $759, and down about 1 percent over a 24 hour period to press time.
Ethereum price chart
Ethereum price chart. Source: Cointelegraph Ethereum Price Index
Altcoins are a mix of red of green, with most of the top ten altcoins on Coinmarketcap showing almost 0 percent growth or loss over a 24 hour period to press time.
Market visualization
Market visualization from Coin360

Tuesday, 15 May 2018

Bitcoin May hit ₦23Mln ($64K) in 2019 Thanks to Its Mining Economy – Fundstrat

The team of Tom Lee, co-founder of Fundstrat Global Advisers and long-time bitcoin advocate, has revealed something really dramatic pertaining to what the long run holds for the world's major digital currency.

Monday, 14 May 2018

German online bank uses Bitcoins to transfer loans

German Radoslav Albrecht has founded an online bank that allows clients to transfer loans anywhere in the world using Bitcoin.

Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost.

Tuesday, 8 May 2018

Expert: Why People Should not Listen To Warren Buffet

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy.

If you would like to contribute an Expert Take, please email your ideas and CV to us

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of  BuybitcoinsinNigeria.. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.
There has been a time when a saying was popular on Wall Street: “when Warren Buffet speaks, you listen.” Now Wall Street is better not to listen, if they do not want to become history faster than Kodak or Blockbuster.

Saturday, 28 April 2018

Mt Gox Ghost: Tokyo Bitcoin 'Whale' Reportedly Preparing for New $170 Mn Move

Speculations, as well as fresh concerns are on the rise following the news that the members of the infamous Japanese Mt Gox cryptocurrency exchange, which is now bankrupt, are readying themselves for a new sell-off of a bitcoin stash.

Tuesday, 24 April 2018

'Unfit Member ': WikiLeaks Calls for World wide boycott of Major Crypto Broker

WikiLeaks has accepted bitcoin donations to simply help support its platform and fund the legal costs of its founder, Julian Assange, who has spent almost six years in Equador's London embassy.
WikiLeaks is calling for an international blockade of one of the world's largest crypto-trading exchanges, Coinbase, a big California bitcoin processor, deeming it "an unfit member of the crypto community” after the business banned the whistleblowing organization's online shop from having its services “without explanation.”

Tuesday, 17 April 2018

'The Future Has Cum': PornHub Now Accepts Altcoin, Bitcoin Rival (VIDEO)

The world's largest pornography website has partnered up with crypto currency Verge, rendering it easier for customers to fund PornHub products. PornHub has uploaded an interesting advertisement on YouTube, with the slogan "The Future Has Cum," commenting on its recent partnership with the Verge cryptocurrency.