cryptocurrency

MrBitcoin December 16, 2019

As Bitcoin has stalled, so too has the second-largest cryptocurrency, Ethereum (ETH). The popular altcoin has collapsed by some 50% from the year-to-date peak seen earlier this year just like Bitcoin, being crushed under the weight of a copious amount of PlusToken reserve liquidations and other sources of selling pressure hurting bulls. Despite the strong […]

MrBitcoin December 2, 2019

Earlier today, NewsBTC reported that CryptoThies, a popular analyst, noted that the Chaikin Money Flow (CMF) for Bitcoin was trending positive. The CMF, an oscillating indicator that is derived from the MACD to signal market strength, suggested that “smart money is just now flowing into the market and is trending upwards,” indicating that the cryptocurrency […]

MrBitcoin November 23, 2019

Ouch. Bulls haven’t had the best of weeks, with Coin360 reporting that Bitcoin (BTC) has shed some 14% in the past week, trading at $7,300 as of the time of writing this article. Despite the decisively bearish price action, some believe that this market is bottoming, at least for the time being. Here’s why. Related […]

MrBitcoin November 3, 2019

While there are some bearish technical signals for Bitcoin, the cryptocurrency has managed to hold the $9,000s against the odds. As of the time of writing this, BTC is changing hands for $9,250, up a mere 0.22% in the past 24 hours. According to a leading analyst, the fact that Bitcoin has held in the […]

MrBitcoin October 29, 2019

Leading crypto exchange, Bittrex, announced that it was leaving Malta last week and setting up new headquarters in Liechtenstein. According to a market onlooker, the relocation has taken place around the same time the Maltese government has announced plans to tighten its money laundering policy for cryptocurrency businesses. Malta to Actively Monitor Crypto Businesses Coincidence […]

MrBitcoin September 10, 2019

With confirmation that the proposed crypto lunch with billionaire Warren Buffett is still on, it remains to be seen whether U.S. President Donald Trump will accept Justin Sun’s invite. Save Trump a Seat Back in mid-July, President Trump put cryptocurrency as the focus of his daily tweetstorm. In response, Sun — the Tron CEO, invited […]

MrBitcoin August 30, 2019

UK asset management firm Elwood plans to develop a giant $1 billion bitcoin and cryptocurrency investment venture, it says. Elwood Expands Cryptocurrency Exposure Quoted by the Financial Times on August 30, Elwood, which is owned by billionaire Alan Howard, revealed it wants to funnel cash into crypto hedge funds.  The company is no stranger to […]

MrBitcoin August 16, 2019

The Australian Tax office has sent out 18,000 warning letters to Self Managed Super Funds (SMSFs). The letters target those who have invested over 90% of retirement funds in a single asset class, such as property or cryptocurrency. Breaking The Law with Cryptocurrency The letters from the tax office remind SMSFs that they have a ‘duty […]

MrBitcoin August 8, 2019

Mike McGlone believes Bitcoin’s current volatility is unsustainable and as it tapers off BTC price will enter an extended period of consolidation. Bitcoin Price will Drop as Volatility Dries Up Earlier this week Bloomberg Intelligence senior commodity strategist Mike McGlone cast doubt on the widely held belief that Bitcoin is destined to the moon to […]

MrBitcoin July 23, 2019

The Palestinian Authority believes issuing a sovereign cryptocurrency token will reduce Palestine’s reliance on the Israeli shekel. Palestinian Authority: First Money, then Power Palestinian Prime Minister Mohammad Shtayyeh recently announced that his government will use cryptocurrency to bypass sanctions levied by Israel. Shtayyeh issued the statement while speaking before the Palestine Center for Computer Emergency […]