• ‘Unusually Large Miner Selling’ May Have Crashed BTC Price, Not Fundamentals
    by Georgi Georgiev on December 10, 2018 at 10:00 pm

    BTC price crash may have been sparked by an ‘unusual’ uptick in miners selling to finance the BCH hash war, according to BitMEX Research. Meanwhile, other metrics reveal that the recent price decline is disproportional with BTC market fundamentals.  BTC Price Crash and Bitcoin Cash Hash War Bitcoin has lost around 45 percent of its value in the past 30 days, according to data from CoinMarketCap. A new study released by BitMEX Research outlines the Read More The post ‘Unusually Large Miner Selling’ May Have Crashed BTC Price, Not Fundamentals appeared first on Bitcoinist.com. […]

  • Venezuela and Argentina Are Buying the Dip, New Data Shows
    by Christina Comben on December 10, 2018 at 6:00 pm

    If you look at the latest activity on Localbitcoins, there has been a large spike in recent days from both Argentina and Venezuela buying bitcoins. Both these troubled Latin American countries have displayed a steady increase in buying cryptocurrency due to rising inflation and troubled economies. But is the sudden uptick evidence of the two countries buying the dip? What’s Happening in Venezuela? Looking at the charts, one of the first things you notice is Read More The post Venezuela and Argentina Are Buying the Dip, New Data Shows appeared first on Bitcoinist.com. […]

  • Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame
    by Esther Kim on December 10, 2018 at 3:00 pm

    The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations. The 23 employees at the Ra’anana site will not be Read More The post Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame appeared first on Bitcoinist.com. […]

  • ‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)
    by Georgi Georgiev on December 10, 2018 at 12:00 pm

    The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance forum in Beijing, Pang Gongsheng, deputy governor at PBoC, said: The STO business that has surfaced recently Read More The post ‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO) appeared first on Bitcoinist.com. […]

  • Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near
    by Esther Kim on December 10, 2018 at 9:00 am

    The Bitcoin price could “bottom” at $2500 in January 2019, BTCC co-founder Bobby Lee has forecast in his latest prediction which many traders already consider too optimistic. Lee: Bitcoin Price Under $2K ‘Very Surprising’ On the back of an ongoing social media poll involving almost 5000 participants, Lee, who is becoming increasingly known for his bullish price predictions, said “a lot of buy orders and support” would keep Bitcoin above $2000. “I’ll be very surprised Read More The post Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near appeared first on Bitcoinist.com. […]