Bitcoin Price Analysis: Range-Bound Market Coiled for Next Move

For the better part of a month and a half, bitcoin has been fairly range-bound and unable to establish new lows or new highs. There are some bullish and bearish setups on the horizon for bitcoin, so let’s check out both sides of the argument because currently the market is sitting in the middle of Indecisionville — the most immediate sign of which is this glaringly obvious head-and-shoulders bottom reversal pattern: Figure 1: BTC-USD, Daily Candles, Head-and-Shoulders Bottom This current pattern is nothing more than a setup at the moment,…

SPY QQQ XLF OIL NATGAS VIX Technical Analysis Chart 1/3/2019 by ChartGuys.com

NEW TCG Clothing: https://dogoodthings.chartguys.com/ Crypto Alert System V2: https://alerts.chartguys.com/ Instagram! https://www.instagram.com/thechartguys/ TCG Courses: https://www.chartguys.com/courses Recommended Fundamentals: Nugget’s News Australia https://www.youtube.com/user/australiaalex 3rd Party Review: https://themerkle.com/chart-guys-course-review-trading-cryptocurrency/ Entries and Exits Course: https://chartguys.com/courses/entries-exits/ Bitcoin Ethereum Litecoin Technical Technical Analysis Chart for 2018 We offer multiple hours of webcam coverage a day, in addition to continuous chat room coverage. Join the community today https://chartguys.com/membership/ Find more information on commodities and Bitcoin Ethereum Litecoin Technical technical analysis: http://www.thechartguys.com/tickers/crypto http://www.thechartguys.com/tickers/commodities Chartguys.com crypto Technical Analysis Facebook Page: https://www.facebook.com/thechartguys… Chartguys.com Technical Analysis FREE facebook community: https://www.facebook.com/groups/thechartguys/ Stocktwits: http://stocktwits.com/ChartGuysDan Any…

Chilean Treasury Launches Blockchain Platform to Process Public Payments

The Chilean General Treasury of the Republic (TGR), which oversees tax collection in the country, has launched a blockchain platform to process payments, according to a press release published Dec. 19. TGR — a dependent institution under the Ministry of Finance — reportedly first met with the Digital Government Division of the Ministry General Secretariat of the Presidency of Chile to discuss the pilot in October, 2018. At that time, officials announced they would create a blockchain platform to connect citizens, financial intermediaries and suppliers. According to the December statement, the…

BitTorrent Launches Native TRON-Based Token

Peer-to-peer torrent client BitTorrent has launched a native token, BitTorrent (BTT), based on the TRON protocol, according to a press release shared with Cointelegraph Jan. 3. The token can be exchanged between users to optimize their network speed and attain faster downloads, according to the press release. BitTorrent’s first full-fledged move to begin to tokenize its content sharing ecosystem — which reportedly serves over 100 million users — comes around six months after the company was acquired by decentralized internet startup TRON for an undisclosed amount. BTT tokens, which are…

Bitcoin Turns Ten on Anniversary of Genesis Block

Today, Jan. 3, marks ten years since the creation of the very first block on the Bitcoin (BTC) blockchain. Known in more technical parlance as a “genesis block,” the first block on a blockchain is unique in that it — logically — contains no reference to any previous blocks, and is always hard-coded into the network’s software, establishing all of the necessary variables required to create the ensuing blockchain. Whereas Bitcoin’s theoretical foundations were laid with the publication of the Bitcoin whitepaper on Oct. 31, 2008, Jan. 3, 2009 heralds…

On Bitcoin’s 10th Birthday, Crypto Markets See Corrections Across the Board

Thursday, Jan. 3 — after some positive inklings of growth earlier this week, crypto markets have today dipped back into the red, with most of the top twenty cryptocurrencies by market cap seeing losses capped below 6 percent, as data from CoinMarketCap shows. TRON (TRX) is one of the only outliers among the top coins and the strongest top twenty performer on the day, up just 1 percent. The market is evidently responding positively to news that stalwart peer-to-peer torrent client BitTorrent has launched a TRON-based native token for its…

US Retail Giant Overstock to Use Bitcoin to Pay Its Taxes in Ohio

United States retailer Overstock.com has announced it will pay part of its business taxes in the state of Ohio using Bitcoin (BTC), according to an announcement on its website Jan. 3. Overstock will cover commercial activity taxes (CAT) with Bitcoin starting February, using the recently launched cryptocurrency taxpayer platform, OhioCrypto.com. The company’s CEO and founder Patrick Byrne — a longtime crypto enthusiast — said in the announcement that governmental adoption of cryptocurrencies and other emerging technologies, accompanied by friendly legislation, is “the best way to ensure the U.S. does not…

Major Exchange OKEx Adds 7 New Pairs to Crypto Derivative Product

Major cryptocurrency exchange OKEx has added multiple new crypto derivative pairs to its platform, according to a press release shared with Cointelegraph Jan. 3. As Cointelegraph reported in late December, the exchange first launched a derivative product called a “perpetual swap” that supports BTC/USD,with up to 100x leverage. As Cointelegraph reported at the time, the product is a margin trading instrument that lets users speculate on the future value of a given cryptocurrency against USD, according to OKEx’s index. Today, the exchange announced it will add perpetual swaps contracts for…

Proof of Keys Event Aims to Challenge Perceived Centralization of Cryptocurrencies

The “Proof of Keys” event aimed against centralized exchanges is happening today, Jan. 3, spearheaded by Bitcoin (BTC) investor Trace Mayer. The Proof of Keys event is essentially a bank run on centralized exchanges, wherein activists are called to withdraw all their cryptocurrency funds from centralized trading platforms and store them in their own wallets. The idea behind this is to reassert holder control over their crypto assets and to make sure that exchanges are actually in possession of as much funds as they claim. In a YouTube video giving…

San Francisco’s “Bitcoin Mafia”: How Bitcoin Started in the City on the Bay

The early Bitcoin community in San Francisco was originally comprised of revolutionaries: Individuals who believed in the freedom and opportunity that a permissionless distributed system would bring the world. We were widely regarded as unsavory and unpopular. Most people associated bitcoin with drugs, money laundering, and the dark web. On dates, dinner parties at friends houses or holidays with families, we were ridiculed and belittled. To believe in Bitcoin at that time, you had to be a rebel, someone who thought critically about what could be. A true believer. That…