Huobi Plays Party Line in China, Creates Communist Committee

What do Bitcoin and communism have in common? Huobi.The world’s third largest digital assets exchange has set up a Communist Party committee via its $2.9 million-subsidiary, Beijing Lianhuo Information Service, reported the South China Morning Post.The decision comes under the garb of a political charter given by the Chinese Communist Party to local enterprises. According to it, […]

Read More →
Reviewing Whirl: The New ‘Karma-Driven’ Way of Crowdfunding While Encouraging Charity

The saying ‘what goes around comes around’ is perhaps the best description of the ‘Whirl’ project. ‘Whirl’ is a consumer crowdfunding solution that aims to finance dreams and obligations while introducing a revolutionary incentive system to encourage giving. It is socially driven and rooted in traditional crowdfunding where people come together to pool resources towards […]

Read More →
Analyst: Too Early to Write Off Bitcoin, SEC Had Negligible Effect on Crypto Markets

As Bitcoin (BTC) fell further on Monday, finding itself under $5,000 in a first for 2018, industry savants quickly took to crypto’s side, in spite of the growing bearish sentiment. Surprisingly, a crypto-friendly partner at Washington, D.C.-based Anderson Kill, a centralized law organization, rushed to Bitcoin’s aid faster than many could utter “HODL.”SEC’s ICO Verdict […]

Read More →
Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400

When an overwhelming number of cryptocurrency investors thought it couldn’t get any worse, it did.Bitcoin (BTC), after falling under $5,800 on November 14th, continued lower on Monday and Tuesday morning, moving under a multitude of supposed support levels at $5,000, $4,800, and, most recently, $4,400. Altcoins, save for XRP, followed close behind ‘big daddy Bitcoin’, posting similar losses of 15%, […]

Read More →
Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next?

Key PointsBitcoin price fell significantly and declined below the $5,000 and $4,600 supports against the US Dollar.There are two bearish trend lines formed with resistance near $4,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is likely to accelerate losses towards the $4,200 and $4,000 levels in the near term.Bitcoin […]

Read More →