Bitcoin

MrBitcoin July 18, 2019

Bitcoin price has made a bit of a comeback over the past few hours to re-touch five figures again. It remains to be seen whether this is the beginning of a wider recovery but many analysts are still of the opinion that a four figure BTC is a giveaway. Bitcoin price made it back to […]

MrBitcoin July 14, 2019

For a while now, Bitcoin (BTC) has seemingly moved with rhyme nor reason. Today, the crypto asset is down 7%, falling off of no clear fundamental event. And just four days, it was rallying by over 10%, pushing ever closer to near its year-to-date high of $14,000. Despite the day-to-day volatility, valuation models have begun […]

MrBitcoin July 12, 2019

Gas companies in Canada are utilizing trapped natural gas otherwise flared to the atmosphere for bitcoin mining, creating a useful application for illiquid energy. Why Flare When You Can Mine Bitcoin Canadian gas companies in Alberta are developing means of utilizing natural gas to power bitcoin mining farms. This revelation is according to Francis Pouliot […]

MrBitcoin July 12, 2019

Wow, just wow. Donald Trump, the president of the United States, has openly commented on Bitcoin and crypto assets. On Twitter no less. This is presumably the businessman-turned-most powerful man on Earth’s first public comment on the cryptocurrency space since he began his presidency. Donald Trump Talks Bitcoin & Crypto On Friday morning (Asia time), […]

MrBitcoin July 10, 2019

Bitcoin is currently ranked top by Weiss Ratings with a grade of A–, making it the most technologically and economically advanced of all the cryptocurrencies. Bitcoin Attains Top Grade on Latest Weiss Rating for Crypto On the Weiss crypto website, bitcoin currently holds the top spot with an A– grade. This latest grade marks BTC’s […]

MrBitcoin July 7, 2019

According to the Wall Street Journal, The Internal Revenue Service (IRS) is expected to update its guidance on Bitcoin tax treatment within weeks. In the meantime, members of the U.S. Congress fear that the U.S. is falling behind other nations in the crypto industry. This fear is prompting them to consider bills to clarify legal […]

MrBitcoin July 6, 2019

After a downside correction, bitcoin price fond support near the $10,800 level against the US Dollar. There was a decent recovery in the past two sessions and the price traded above $11,300. There is a key bearish trend line forming with resistance near $11,600 on the hourly chart of the BTC/USD pair (data feed from […]

MrBitcoin July 4, 2019

One of the big attractions to Bitcoin is its ability to bypass the banking system. The likes of doom monger, Nouriel Roubini, still bash BTC in favor of a largely unprincipled banking system where the top get richer at the expense of the bottom. Banks are far from infallible by nature, and the number of […]

MrBitcoin July 1, 2019

Bitcoin continues to extend it losses today, as the #1 asset unravels a further 6.59% against the US dollar. On the 4-hour chart we can see worrying signs that the 2018 bear market could be about to repeat itself. BTC/USD 4-Hour Chart On the 4-hour BTC/USD chart we can see that the price 00 is […]

MrBitcoin June 28, 2019

Bitcoin’s scaling solution, the Lightning Network, is currently sitting at a capacity of around $11M. More interestingly, though, there are major updates underway already. Eltoo Coming to Lightning Network A user going by the name of u/almkglor has taken to Reddit to discuss some of the upcoming updates on Bitcoin’s scaling solution, the Lightning Network. […]