Can Bitcoin Go Back To $1000?

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December 2017 fades in the market’s rearview mirror. High-profile detractors licking their chops. Near lows, and holding on for dear life. The market cap of the asset class moves takes it off the front page. Does the BIS report mean $1000 is in the cards? Read Full Story The post Can Bitcoin Go Back To […]

Cryptocurrency Hedge Fund Gets VC Fred Wilson’s Backing Amid Bitcoin Slump

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Union Square Ventures, the New York-based venture capital firm, is betting on yet another cryptocurrency hedge fund startup, Multicoin Capital. Fred Wilson, the cofounder of USV, confirmed Wednesday that Multicoin is the sixth cryptocurrency fund the firm … Read Full Story The post Cryptocurrency Hedge Fund Gets VC Fred Wilson’s Backing Amid Bitcoin Slump appeared […]

Hackers steal $30m from top Seoul bitcoin exchange

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Hackers stole more than $30 million worth of cryptocurrencies from South Korea’s top bitcoin exchange, sending the unit’s price falling around the world on Wednesday. The virtual currency was priced at $6,442 dollars late afternoon in Seoul, down about 4.4 … Read Full Story The post Hackers steal $30m from top Seoul bitcoin exchange appeared […]

Bitcoin price analysis: BTC/USD Bulls holding tight above $6,550; Coinbase CEO, Brian Armstrong says “I’ve come to enjoy the down cycles in crypto prices”

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“Our job is to rise above that, finding our own intrinsic source of motivation, to come in and do our best work,” writes Brian Armstrong. Bitcoin price is currently trading between the support and resistance highlighted by the moving averages. Bitcoin price broke below the bullish flag pattern I explored in yesterday’s price analysis. BTC/USD […]

Bitcoin price analysis: BTC/USD recovers from early losses, the reaction to Bithumb hack may be delayed, but not cancelled

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BTC/USD is about to renew the downside quest. Bithumb lost about $30 million due to hack attack. While Bitcoin managed to recover from the intraday low of $6,557, but it is still vulnerable to further losses. Traditionally, the largest market movements happen during European and American hours, so, early losses may be just the beginning […]

Breaking News: South Korea’s Bithumb claims more than $31 million worth of coins has been stolen

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According to Yonhap, one of South Korea’s major cryptocurrency exchanges, Bithumb, has been hacked on Tuesday night. In a statement released by the company, Bithumb states that a group of hackers stole about 35 billion won (USD$31.5 million) worth of coins. After the headlines crossed the wires, Bitcoin plummeted across the board and it’s now […]