Venezuela and Russia May Switch to Ruble After Trying ‘Petro’ Cryptocurrency –

Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed.   Venezuela and Russia ‘Currently Trying’ El Petro As Bitcoinist reported last December, Russian officials were introduced to El Petro but stopped short of confirming that it was going to be […]

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Parabolic Advance Halts For Now – So What’s Next For Bitcoin Price?

Bitcoin went absolutely parabolic over the weekend! After topping out at $7,500, traders are now wondering what is next. Bitcoin Price: Market Overview Last week brought an onslaught of bearish news that typically negatively impacts Bitcoin price 00. But surprisingly, it shrugged at the news and has gone bananas as its dominance rate rose to highs […]

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‘Facebook Coin’ Will Be More Like Bitcoin Than Starbucks Rewards, Says Analyst

Speculations about the purpose of Facebook’s planned digital coin are getting wilder. Ignoring key features like independence and decentralization, one analyst predicts that ‘Facebook Coin’ would look more like Bitcoin or Ethereum than your Starbucks reward points. Facebook Coin Might Encourage Viewing Ads With growing interest, many are trying to envision Facebook’s planned ‘FaceCoin.’ Lacking […]

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Bitcoin Price Rally Will Continue, Bullish Weekly RSI Suggests

Bitcoin price is knocking on the $6,000 resistance and appears ready to run higher this week. Bitcoin Price: Market Overview Bulls are buying dips on Bitcoin 00 and defending the ascending trendline even though over the weekend and early Monday BTC showed some occasional weakness on the 1 and 4-hour chart by dropping below the exponential […]

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Impending Cross of Key Moving Averages Could Confirm Bitcoin Bull Market

On Friday Bitcoin rallied a little over 6% and the rapid move above the $5,488 resistance has turned analysts like Peter Brandt and Murad Mahmudov bullish on the largest digital asset. Will BTC tackle $6,000 next? Bitcoin Price: Market Overview Things are looking up for Bitcoin price 00. Surprisingly the Tether – Bitfinex debacle appears to […]

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From Bitcoin Price ‘Lil Pump’ to Bitfinex Tethers: Last Week’s Top Stories

This Sunday will see over 40,000 people attempt to run a 26.2 mile course through the streets of London. It will also see Bitcoinist pack a marathon week of news into the much more easily attempted list of past week’s top bitcoin stories.  Bitcoin Price Pulled In Opposing Directions The past 7 days saw a price […]

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Bitcoin Maintains Uptrend as Key Indicator Shows a Big Move is Imminent

Bitcoin price bulls are working to maintain the daily uptrend and volume falters over the holiday weekend. Meanwhile, the long-to-shorts ratio has reached a decisive moment. Is a Bitcoin breakout imminent? Bitcoin Price: Market Overview Over the weekend Bitcoin price 00 lost the hourly and 4-hour uptrend as it slipped below the 26ema and closed in […]

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Texas’ ‘Worst Than BitLicense’ Crypto-Bill is Dead on Arrival

Earlier this week, the cryptocurrency community reacted with abject horror towards Texas’ proposed ‘Verified Identity Digital Currency’ bill. Well, apparently it was a lot of worry over nothing, as the bill is allegedly dead in the water. Indecent Proposal The furor started on Monday, when the proposed bill, HB4371, first came to light. The bill declared that: […]

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Barclays: Facebook’s Cryptocurrency Could Generate $19 Billion in Additional Revenue by 2021

British multinational investment bank Barclays sees some serious upside for social media giant Facebook’s cryptocurrency. The bank forecasts a whopping $19 billion in additional revenue from this initiative, alone.  Barclays Bullish on ‘FaceCoin’ Ross Sandler, an internet analyst at Barclays, said in a note to clients on Monday that Facebook’s reported cryptocurrency could generate as […]

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Ethereum Price Analysis: Is it ‘Break’ Time?

It’s been a fairly uneventful weekend for Ethereum (ETH). Bitcoin’s inability to break above $4,000 appears to place a damper of momentum within the wider market. A break seems imminent — but in which direction?  One-Hour Chart Ethereum is steadily consolidating into a tighter range, notching lower highs and seemingly on the verge of dropping […]

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