BTC – The Cryptocurrency Network

Bitcoin Price Drop | BTC Loses $400 in Just 30 Minutes

February 26, 2019 adminBitcoin, BTC, Drop, Loses, Minutes, Price0 comment

It was looking so promising for Bitcoin price last week. The largest coin by market cap surged passed the $4,000 USD mark, only to crash back down on Sunday, February 24th. Bitcoin Price Drop Bitcoin dropped a huge $400 USD in just 30 minutes, declining 10% from $4,150 to roughly $3,805 in a short space of time. There was no catalyst for the sudden drop, except for investors taking their profits while they can. $4,180 was a six-week high for the coin, and while the price has dropped, daily volumes…

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Bitcoin (BTC) up Nearly 20% in 48 Hours

November 29, 2018 adminBitcoin, BTC, Hours0 comment

Bitcoin (BTC) made a rather dramatic comeback just 48 hours ago. At press time, the world’s first digital currency is currently trading above $4,300. The entire crypto community is buzzing, as most altcoins have followed BTC’s upward movements. Bitcoin (BTC) Comeback The cryptocurrency community took a huge hit in mid-November when Bitcoin Cash miners started a hash war. Investors lost confidence in the maturity of the community, as the war dragged out after Bitcoin Cash split in two. On one side was Roger Ver, CEO of Bitcoin.com, who led the…

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Bitcoin Futures | Nasdaq Claims BTC Futures Contracts are Still Coming

November 27, 2018 adminBitcoin, BTC, Claims, Coming, Contracts, Futures, Nasdaq0 comment

Nasdaq Inc. is still planning to launch its Bitcoin futures early next year, Bloomberg reported early this morning. Two individuals familiar with the Bitcoin project told Benjamin Bain, a reporter at Bloomberg, that despite the downturned market the index still plans on offering these contracts. Bitcoin Futures Bitcoin (BTC) has plunged nearly -75% since the beginning of the year and interest in digital currencies has dramatically decreased. Still, the Wall Street exchange feels there is enough investor interest to continue its plans. One of the individuals at Nasdaq told Bloomberg…

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Bitcoin (BTC) Crash Causes Crypto Mining Closures and Bankruptcy

November 23, 2018 adminBankruptcy, Bitcoin, BTC, Closures, Crash, Crypto, Mining0 comment

Back in 2017, Bitcoin (BTC) and cryptocurrency took the spotlight in the media as investors and Wall Street began to take notice of digital currencies and the blockchain. Many executives in the major global banks shot down digital currencies almost immediately, as Bitcoin was a direct threat to their existence. See, Bitcoin was created to expose the currently flawed central banking system and to completely revamp the way individuals spend and send money. It remains unknown why crypto began to pick up speed towards the second half of 2017, but…

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Bitcoin (BTC) | Tom Lee Sticks by His $15,000 Price Prediction

November 21, 2018 adminBitcoin, BTC, Lee, Prediction, Price, Sticks, Tom0 comment

Tom Lee, the long-standing Wall Street crypto bull, is sticking to his $15,000 year-end price prediction for Bitcoin (BTC). The Fundstrat Global Advisor voiced his prediction on CNBC’s ‘Squawk Box’ yesterday. Tom Lee and Bitcoin (BTC) Bitcoin just recently fell to its lowest levels in more than a year yesterday, but Lee remains convinced. Originally, Lee cut his Bitcoin year-end prediction by $10,000—from $25,000 to $15,000. “Days like this, it does make me wonder,” said Lee to CNBC. “These past few days have definitely been a negative development.” The Fundstrat advisor…

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Bitcoin (BTC) Profits Jump $500,000 in Square Q3 Earnings Report

November 8, 2018 adminBitcoin, BTC, Earnings, Jump, Profits, Q3, Report, Square0 comment

US financial service company Square (NYSE:SQ) just announced that its Q3 Bitcoin (BTC) revenue jumped up from its previous earnings in Q2. Square detailed its full company earnings in a shareholder letter released yesterday. In the third quarter of 2018, we continued to drive strong growth at scale. $SQ https://t.co/HPhSMfVgac — Square IR (@SquareIR) November 7, 2018 Bitcoin (BTC) Revenue Q3 2018 Square released a full digest of its total earning and financial activities. The release was far more colorful and interactive than most public companies’ earnings reports. It included…

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CBOE Bitcoin (BTC) Futures Reach Record-Low Volatility

November 6, 2018 adminBitcoin, BTC, CBOE, Futures, Reach, RecordLow, Volatility0 comment

Bitcoin (BTC) futures hit record low volatility in October on the US Chicago Board Options Exchange (CBOE), MarketWatch reported yesterday. CBOE Bitcoin (BTC) Futures Kevin Davitt, a Senior instructor at CBOE Options Institute, published a video on November 1st outlining the volatility decline. In the video above, Davitt outlines that the average weekly volatility for XBT-CBOE Bitcoin (BTC) futures on the week ending October 26th was just three percent. This is the lowest level of volatility since the futures contracts launched on December 10th, 2017. As of the first of…

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Bitcoin (BTC) Classified as an Asset by Morgan Stanley

November 1, 2018 adminAsset, Bitcoin, BTC, Classified, Morgan, Stanley0 comment

Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful) What this means is that it recognizes Bitcoin as a type of asset similar to shares, property, bonds, cash, or commodities. It also means good news for those hoping for a Bitcoin ETF. Research Concludes Bitcoin an Asset The bank’s research division reviewed the last six months of Bitcoin usage. What the researchers discovered was that…

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10 Years of Bitcoin | What Will the Next 10 Years of BTC Bring Us?

October 31, 2018 adminBitcoin, Bring, BTC, Years0 comment

Today marks 10 years of Bitcoin; its original white paper was released onto the internet on Halloween day, 2008. What began as an idea to challenge the financial establishment, has since grown to become a $110 billion market. 10 Years of Bitcoin: The Whitepaper The purpose of Bitcoin was straightforward; the digital asset, as a “purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.” By logging every transaction on a distributed ledger called the…

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Bitcoin (BTC) | Man Faces Up to Five Years for Unlicensed BTC Sales

October 30, 2018 adminBitcoin, BTC, Faces, Man, Sales, Unlicensed, Years0 comment

A US citizen from California has just pled guilty in federal court for operating an “unlicensed money business” selling Bitcoin (BTC), called LocalBitcoins.com. The Department of Justice (DoJ) released a press release about the case yesterday, October 29th. Unlicensed Bitcoin (BTC) Sales Jacob Burrell Campos has admitted to selling “hundreds of thousands” of dollars in Bitcoin (BTC) to over 1,000 customers on LocalBitcoins.com. The transactions took place from January 2015 to April 2016. The DoJ has characterized his sales as an unregistered ‘Bitcoin exchange.’ Burrell failed to register his business with…