Ethereum Fails to Break Above Critical BTC Resistance Level

Ethereum and the aggregated crypto markets have been able to incur some tempered bullishness today after facing notable selling pressure over the past couple of days, but analysts are still weary of where ETH and other altcoins will head in the near-term. Importantly, one prominent analyst is noting that Ethereum has failed to break above […]

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Crypto Market Hardly Needs a Bitcoin ETF at This Time, Says BKCM CEO

Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade. Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining:  […]

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Bitmain, Canaan Launch New Miners in Preparation for the Bitcoin Halving

This article was originally published by 8btc and written by Lylian Teng. On October 9, 2019, the China-based cryptocurrency mining giant Bitmain launched its two latest Antminer 17 models to an eager market. On the very same day, another leading ASIC producer, Canaan, also rolled out its next-generation bitcoin miner A11 series. Both new mining […]

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With Only 12,000 Bitcoin Millionaires, What is The Potential to Be One?

Bitcoin is many things to many different people. For some it is a store of wealth, for others it is a hedge against local economic oppression, but for many it is a vehicle to make money. With only 12,000 Bitcoin millionaires in the world it still shows great potential and opportunities to join that elite […]

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Bitcoin Price Rejected at Key Level Near $9,000

Over the past five days, Bitcoin (BTC) has rallied more than $1,000, from $7,770 to $8,835, giving the crypto space hope of further upside. Bitcoin’s Oct. 11 daily candle, however, faced rejection near a few key levels, showing that crypto’s largest asset is still struggling to hit the $9,000 mark.  Daily crypto market data. Source: […]

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Report: Canaan Will Be Listed Publicly in the US in November

This article was originally published by 8btc and written by Lylian Teng. Canaan Creative, one of the world’s largest bitcoin mining machine manufacturers, will be listed as a publicly traded company in the U.S. in November 2019, according to a source with knowledge of the matter. According to the source, the Avalon miner producer, which […]

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Ethereum May Retrace Further Before Surging Past $200

Ethereum surged yesterday and front-ran the jump that occurred in the aggregated crypto markets, with this latest price action marking an extension of the upwards momentum that was incurred earlier this week when ETH and multiple other altcoins posted significant gains. Ethereum’s recent price action may have further bolstered its newfound bullishness, which could mean […]

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US CFTC Chairman Says Ether Is a Commodity, ETH Futures Coming Next

Chairman of the United States Commodity Futures Trading Commission’s (CFTC) believes that Ether (ETH) is a commodity, with ETH futures trading a coming reality. Heath Tarbert, new CFTC chairman who overtook J. Christopher Giancarlo in July, put forward his stance on Ether, other cryptocurrencies and forked coins at Yahoo Finance’s financial event  All Markets Summit […]

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Hong Kong Issues Rules for Crypto Asset Managers

This article was originally published by 8btc and written by Lylian Teng. Hong Kong’s Securities and Futures Commission (SFC) has recently released rules and regulations for fund managers dealing with crypto assets. The securities regulator published a 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets” […]

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