Category: Bitcoin
The analysis published under this category are as follows.
Tuesday, June 30, 2015
How Does Greece Influence Bitcoin? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Yesterday, we wrote how Bitcoin doesn’t necessarily have to be linked to the Greek situation. Yes, the recent turmoil has coincided with capital controls in Greece but this might not be a stable situation contrary to what one might think only looking at the price action. Today, on the Fortune website we read:
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Friday, June 26, 2015
Bitcoin Situation Getting Tenser / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Bitcoin is getting more and more attention from the banks and exchanges but it still remains relatively unknown to consumers, we read on CoinDesk:
A new survey published by Goldman Sachs has found that just over half of US millennials believe they will never use bitcoin.
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Tuesday, June 23, 2015
Bitcoin Price Stays below $250 / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Barclays is interested in the Bitcoin technology and has partnered with a Bitcoin exchange to explore blockchain technologies, we read on CoinDesk:
Barclays has signed off on a proof-of-concept to trial bitcoin technology.
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Friday, June 19, 2015
Is Bitcoin Price About to Move? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
Yesterday, we wrote about how the recent hype about Bitcoin rallying "because" of Greece might be overstated and that finding a real "reason" behind a given move is extremely hard if not impossible. Today, read yet another piece on how Bitcoin can shift things around for Greece:
Read full article... Read full article...As Greece stumbles toward capital controls, bitcoin is once again proving its disruptive power within the global financial system.
Friday, June 12, 2015
Bitcoin Price Stands Still but Will It for Long? / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
In an article on International Business Times, a former MasterCard employee turned Bitcoin company manager offers some comments on how credit card companies respond to the Bitcoin technology. We read:
In an interview with IBTimes UK, Roelants [Marcel Roelants, general manager in Europe for BitPay, who also worked for MasterCard for five years] made reference to Visa's V.me digital wallet and its opposite number at MasterCard, MasterPass: "They come with solutions that are inside out technology driven. I heard from a lot of merchants integrating features of V.me and MasterPass is a nightmare.
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Thursday, June 04, 2015
Bitcoin “Total Crypto Breakdown” Highlights Risks To Digital Assets / Currencies / Bitcoin
By: GoldCore
- Bitcoin wallet app Blockchain suffers major security blunder
– Poor tech sees multiple accounts being created using same address
– Security lapses in electronic and digital currencies not uncommon
– Bitcoin and cryptocurrencies in infancy but are useful tools
– Physical gold offers most secure form of wealth preservation
Tuesday, June 02, 2015
Has Bitcoin Price Down Move Begun? / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
More banks are looking into the possibility to use Bitcoin's underlying technology, the blockchain, to develop their own solutions without necessary relying on Bitcoin itself, we read on the American Banker website:
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Friday, May 29, 2015
Tense Days for Bitcoin / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
Barry Silbert, a Bitcoin investor, might think that companies in the like of Western Union and MoneyGram will be devastated by Bitcoin, we read on the Entrepreneur website:
Read full article... Read full article...The near-demise of Kodak is a famous parable in business circles, illustrating the need for deeply-entrenched organizations to adapt in the face of evolving technology.
Saturday, May 23, 2015
Bitcoin Price Short Trade / Currencies / Bitcoin
By: Mike_McAra
In short: short speculative positions, $stop-loss at $247, take-profit at $153.
Bitfinex, one of the leading Bitcoin exchanges, may have been compromised. On the exchange's website, we read:
Read full article... Read full article...Urgent action required
Saturday, May 16, 2015
Bitcoin Price to Slump? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
A new fund is being launched in the Bitcoin space, we read on CoinDesk:
A new fund has been launched on equity CrowdFunding platform BnkToTheFuture.com that allows investors to benefit from the growth of the Crypto Currency sector.
Read full article... Read full article...The new fund, called Bitcoin Capital will be managed by financial journalist, virtual currency inventor, entrepreneur and investor Max Keiser, and Simon Dixon, an ex-investment banker, investor, entrepreneur and co-founder of Bnk To The Future.
Wednesday, May 13, 2015
Bitcoin Price Short-term Outlook Soon to be Clarified / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
The technology underlying Bitcoin might prove to be what is needed to change the face of payments, record keeping and the way stock market is functioning, we read on Wired:
Read full article... Read full article...James Angel compares bitcoin to MySpace, the social network that paved the way for far more influential services like Facebook and Twitter.
Today's bitcoin digital currency, says Angel, a professor of finance at Georgetown University, is too flawed to replace existing currencies. But the basic ideas underpinning the technology, he believes, can significantly change how the financial world operates. This is already starting to happen.
Friday, May 08, 2015
Is Bitcoin Price in Bullish Territory? / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
The first Bitcoin has become the first U.S. entity to be regulated by banking laws, we read on CNBC:
A New York City-based bitcoin exchange itBit has become the first to receive a charter under New York banking laws. (…)
ItBit is a commercial exchange that trades the virtual currency. Thursday's announcement makes it the first company to receive a charter from the New York State Department of Financial Services (NYDFS).
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Tuesday, May 05, 2015
Bitcoin Stage for Price Declines Is Being Set / Currencies / Bitcoin
By: Mike_McAra
In short: no speculative positions.
We’ve repeatedly written that Bitcoin needs two things to hit off with a wider audience: security and ease of use. Case, a Bitcoin startup, is aiming to bring both of them, we read on TechCrunch:
You shouldn’t trust anyone with your bitcoins, and Case is well aware of that. Over the past few years, Mt.Gox, Bitstamp and countless other centralized services have suffered serious security breaches. But Case is about to put an end to all this, as this startup has built one of the most secure hardware bitcoin wallets in the world. The startup is launching onstage today at Disrupt NY.
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Tuesday, April 28, 2015
Bitcoin Price Counterintuitive Signs / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Overstock, a U.S. online retailer already accepting Bitcoin, is now making a move to issue stock based on a ledger system, we read on the Wired website:
Read full article... Read full article...On Friday, the Salt Lake City-based online retailer filed a prospectus with the Securities and Exchange Commission that indicates it may issue up to $500 million in stock or other securities using technology akin to the online software system that underpins bitcoin. "We may decide to offer securities as digital securities...the ownership and transfer of which are recorded on a cryptographically-secured distributed ledger system using technology similar to (or the same as) the distributed ledger technology used for trading digital currencies," the filing reads.
Saturday, April 25, 2015
Bitcoin Price Provides Traders with Hints / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Customers of Starbucks in Hong Kong are now able to pay for their coffee with Bitcoin, we read on newsBTC:
Read full article... Read full article...Starbucks branches in Hong Kong are now accepting bitcoin payments and are offering 20% off discount for the purchase using the Fold app. This app is a U.S. startup that is affiliated with the Bitcoin Association of Hong Kong.
Tuesday, April 21, 2015
Bitcoin Recent Low Price Volatility Might Be Deceptive / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
We frequently comment on new initiatives in the startup scene, and today we also read and interesting press release on the Market Watch website:
BitGo, the leader in bitcoin security, today announced a partnership with online cryptocurrency data provider TradeBlock. The combination of TradeBlock’s execution and analysis tools and BitGo’s trustless multi-signature security products create a complete security and transaction solution for private and institutional Bitcoin traders.
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Wednesday, April 15, 2015
Important Bitcoin Price Action / Commodities / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at $239, take-profit at $153.
Infosys, an Indian IT services and IT consulting company, is now looking into blockchain as a possible addition to the company products and services, we read on the Business Standard website:
Read full article... Read full article...According to a report in HT Mint, the Bengaluru-headquartered information technology services provider is assessing the merits of Blockchain, an open-source financial database that records all transactions of virtual currency Bitcoin, to see if the technology could be integrated into Finacle.
Saturday, April 11, 2015
Is Bitcoin Price Going down Some More? / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
Samsung is partnering with IBM to work on new potential applications for the technology underlying Bitcoin - the blockchain, we read on Bloomberg:
Samsung Electronics Co. is working with International Business Machines Corp. to use bitcoin technology for new applications.
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Tuesday, March 31, 2015
Bitcoin Price Down Move Still in the Cards / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
The development of Bitcoin shares traits with the development of the financial system as we know it. The problems which marred some Bitcoin exchanges seem similar to the ones which contributed to the introduction of deposit insurance. In a way, Bitcoin exemplifies both the troubles that the financial system encountered in the past but also the opportunities it offered. We actually saw an interesting piece on the Quartz website drawing parallels between the organization of stock trading and the Bitcoin system:
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Friday, March 27, 2015
Bitcoin Price Still in Important Territory / Currencies / Bitcoin
By: Mike_McAra
In short: speculative short positions, stop-loss at 283, take-profit at $153.
This week the U.S. Securities and Exchange Commission (SEC) adopted new rules regulating small companies' access to capital, we read on CoinDesk:
On Wednesday, the US Securities and Exchange Commission (SEC) adopted regulations permitting crowdfunding for business startups.
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