NEWSBTC

Former Goldman Sachs Exec Launches Crypto Startup Amid Bear Market

Former Goldman Sachs Exec Launches Crypto Startup Amid Bear Market

BITCOIN, NEWSBTC
Although many are enamored with bashing the colloquial term “BUIDL,” for many Bitcoin diehards, 2018’s crypto market lull has been a time to unironically bolster this industry’s underlying infrastructure. This isn’t just hearsay, as 2018 has arguably been crypto’s strongest year yet, in terms of promising products, platforms, and startups, rather than day-to-day price action.Some of the world’s largest corporations and financial entities, such as the Intercontinental Exchange, Citigroup, Nasdaq, Microsoft, IBM, and Goldman Sachs, have all instituted crypto-centric initiatives. Yet, while these efforts are undeniably valiant, there remain entry barriers for a majority of keen parties, which curtails the growth of this industry. This issue isn’t flying under the radar, however, as startups h
Now Is A Fantastic Time To Buy Bitcoin (BTC), Says Blockchain Capital’s Bogart

Now Is A Fantastic Time To Buy Bitcoin (BTC), Says Blockchain Capital’s Bogart

BITCOIN, NEWSBTC
The cryptocurrency tide is turning. On Monday, one year since Bitcoin (BTC) breached $20,000 in a jaw-dropping turn of events, the crypto market at large had its first double-digit rally in weeks. Within a few hours’ time, BTC found itself up by 9%, with altcoins outperforming the flagship cryptocurrency.And with this uptick alone, which comes after a multi-week downturn, the eyes of a multitude of interested investors have landed on this nascent industry. So it should come as no surprise that the question that remains on everyone’s mind is can crypto boom in 2019. Or, more importantly, what will drive cryptocurrencies forward in the near future.“Bitcoin Fundamentals Haven’t Changed”Blockchain Capital, widely referred to as one of the crypto industry’s multiple “800-pound gorillas,” recent

Bitcoin Will Likely Survive the Crypto Winter Before Any Other Crypto Asset

BITCOIN, NEWSBTC
Exactly one year ago, the price of bitcoin had reached its all-time high – at almost $20,000 – that paved the way for some enthusiastic bullish calls. Mike Novogratz, a former Goldman Sachs official, predicted that the digital currency would touch the $40,000-mark. Fundstrat CEO Thomas Lee said bitcoin would establish a new high at $25,000. Some analysts even predicted that it would overreach its upside targets by jumping anywhere between $50,000 to $1 million.However, at press time, Bitcoin value is standing at a meager $3,500, still lurking toward its downside targets.Not Bitcoin FaultFor a digital currency that had everything going right for itself, especially when it comes to regulation and institutional adoption, bitcoin was let down more by its surroundings than its own fundamental o
Japan Reclassifies Crypto While Hong Kong Tightens Regulations

Japan Reclassifies Crypto While Hong Kong Tightens Regulations

NEWSBTC
Two of the most crypto friendly nations on the globe have been revisiting their regulatory frameworks this week. Japan has reclassified its terminology of cryptocurrencies while over in Hong Kong regulators want more oversight on exchanges and crypto companies.FSA to Change Moniker for CryptoJapan’s Financial Services Agency has made moves to label Bitcoin and altcoins under one category called ‘crypto assets’. According to local media the move has been implemented to reconfirm that they are not considered as regular currencies by the government. Last week an advisory panel came to the conclusion that the term ‘virtual currency’ may lead investors to believe cryptos have the same status as fiat. To alleviate any possible misunderstanding they have requested the change.Relevant laws will be

Cryptocurrency Trading Update: $10 Billion Injection Pumps Crypto Markets

EOS, NEWSBTC
Big pump day for crypto markets; EOS flying, XRP, Stellar and Cardano recovering well.It has been a long time coming. A market bounce that results in a sea of green with the majority of cryptocurrencies gaining double figures on the day. From almost falling into double digits total market capitalization has gained a solid 14% from its yearly low over the weekend.Bitcoin sparked off the rally when it climbed over 10% from $3,260 to $3,600 before pulling back a little. Fears of BTC falling to or below $3,000 have been very real recently however it managed to find support at $3,200 and recover from there. Whether this is the start of a longer term trend remains to be seen but a Bitcoin bounce is good news for the rest.Ethereum has also made around 10% taking it back to $95 but being below $10...
EOS Jumps to Fourth with 30% Surge as Crypto Markets Bounce

EOS Jumps to Fourth with 30% Surge as Crypto Markets Bounce

EOS, NEWSBTC
Finally EOS has come out on top today. Following several weeks of getting pounded, cryptocurrency markets have at last shown a bit of life with a solid rebound on the day which added over $10 billion back into digital currencies.EOS Passes Litecoin, Tether and StellarThe jockeying for position between the top ten largest cryptos by market capitalization has been lively to say the least. With massive hemorrhaging of market cap for all of them aside from stablecoins has enabled some of the bigger boys to get knocked down a peg or two.The two that have lost the most are Ethereum and Bitcoin Cash, previously second and fourth respectively. While Ethereum has only lost one spot to XRP it is still down over 90% on the year and its market cap has shed over $120 billion since January. Bitcoin Cash...
Bitcoin Price Watch: Can BTC Buyers Keep The Rally Going?

Bitcoin Price Watch: Can BTC Buyers Keep The Rally Going?

BITCOIN, NEWSBTC
Key PointsBitcoin price rebounded nicely and broke the $3,380 and $3,460 resistances against the US Dollar.There is a short term contracting triangle formed with support at $3,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price could correct lower towards $3,400 or $3,355 before a fresh upward move.Bitcoin price rallied more than 10% above $3,550 against the US Dollar. BTC is currently correcting lower, but it could find support near $3,400 or $3,355.Bitcoin Price AnalysisYesterday, we discussed that further gains seem likely above $3,300 in bitcoin price against the US Dollar. The BTC/USD pair did move higher and broke the $3,355, $3,400 and $3,500 resistance levels. The price traded as high as $3,589 and it is currently well above the 100 hourly simple moving av...
Crypto Market Turns Green: EOS, Cardano (ADA), Stellar (XLM), Dogecoin Price Analysis

Crypto Market Turns Green: EOS, Cardano (ADA), Stellar (XLM), Dogecoin Price Analysis

EOS, NEWSBTC
Key PointsThe total crypto market cap bounced back and moved above the $110.00B resistance zone.EOS price rallied more than 30% and climbed above the $2.50 resistance.Cardano (ADA) price moved above the $0.0300 and $0.0320 resistance levels.Setllar (XLM) gained more than 15% and traded above $0.1100.Dogecoin price rallied more than 20% and climbed above $0.0025.The total crypto market cap surged higher above $110.00B. Bitcoin, Ethereum, ripple and altcoins like EOS, Cardano (ADA), Stellar (XLM) and Dogecoin rallied sharply.EOS Price AnalysisAfter struggling a lot below the $2.00 resistance, EOS price finally formed a support base for a solid rally. The price gained pace above the $2.00 resistance and broke the $2.20 and $2.50 resistance levels. It is currently up more than 30% and it seems...

Ripple Price Analysis: XRP’s Rally Could Extend To $0.3500-0.3600

NEWSBTC, RIPPLE
Key HighlightsRipple price rallied recently and broke the $0.3000 and $0.3200 resistances against the US dollar.Yesterday’s highlighted key bearish trend line was breached with resistance at $0.2850 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair traded above the $0.3300 resistance and it may continue to move higher in the near term.Ripple price jumped back in a bullish zone against the US Dollar and Bitcoin. XRP/USD could continue to move higher towards the $0.3500 resistance zone.Ripple Price AnalysisThere was a solid support formed above the $0.2800 level in ripple price against the US Dollar. The XRP/USD pair traded higher and broke the $0.2950 and $0.3000 resistance levels. There was even a close above the $0.3060 level and the 100 hourly simple moving avera
Ethereum Price Analysis: ETH Turned Buy On Dips Above $90

Ethereum Price Analysis: ETH Turned Buy On Dips Above $90

ETHEREUM, NEWSBTC
Key HighlightsETH price traded higher recently and broke the $89-90 resistance area against the US Dollar.There was a break above a crucial bearish trend line with resistance at $87 on the hourly chart of ETH/USD (data feed via Kraken).The pair traded as high as $97 and it is currently consolidating gains above $90.Ethereum price made a nice bullish move against the US Dollar and bitcoin. ETH/USD is now trading in a bullish zone and it may find a strong support near $89-90.Ethereum Price AnalysisAfter a minor downside correction from $88, ETH price found support near $83 against the US Dollar. The ETH/USD pair formed a support base near $83 and later started a solid upside move. It jumped above the $86 resistance and the 100 hourly simple moving average. The upside move was strong as the p...