One Trader Thinks Recent 10% Rally of Bitcoin Could Lead to Something Much Greater: a Full-Fledged Recovery

One Trader Thinks Recent 10% Rally of Bitcoin Could Lead to Something Much Greater: a Full-Fledged Recovery 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

One Trader Thinks Recent 10% Rally of Bitcoin Could Lead to Something Much Greater: a Full-Fledged Recovery The Bitcoin price today chartered into positive territory after weeks of bearish action near $3,400. It rose close to 10% while clearing through a stubborn resistance area of $3,480-3,500. A sudden spike is as incredible as it is scary. There are questions about its origins. Is it natural for an asset to wake from a bearish slumber and rise 10%? Now if that has happened, how severe would the next bearish correction be?…

Bitcoin Price Analysis: BTC Explosion, Surge 8.4%

Bitcoin Price Analysis: BTC Explosion, Surge 8.4% 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Analysis: BTC Explosion, Surge 8.4% Bitcoin prices recover, find support from $3,400 Argentinians can now load their SUBE Travel Cards using Bitcoin Transaction volumes picking up, Bulls are back It was the objective of Satoshi Nakamoto to roll out a cash payment system. That is why efforts are being made to drive BTC to the mainstream, and aside from Wyoming, Argentinians using public transport means can load up their cards using BTC. No doubt, such efforts will help pump prices from spot rates. Bitcoin Price Analysis Fundamentals For…

Fake Bakkt Website Emerges but Fails to Scam Crypto Investors

Fake Bakkt Website Emerges but Fails to Scam Crypto Investors 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Fake Bakkt Website Emerges but Fails to Scam Crypto Investors A new Bitcoin (BTC) scam website has emerged. Back in 2017, when the cryptocurrency market hit mainstream news, scam sites began blowing up. Since everyone was so desperate to get their hands on digital currency or invest in a project that could give them 10X the return, the scammers often won. Now, cryptocurrency investors are much more cautious, and this new fake Bakkt website was easily identified. Fake Bakkt Website Caught In August of 2018, the Intercontinental Exchange (ICE) announced…

Tron Price Analysis: TRX Up, Expect More Pumps Before Feb 11

Tron Price Analysis: TRX Up, Expect More Pumps Before Feb 11 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Tron Price Analysis: TRX Up, Expect More Pumps Before Feb 11 Tron prices picking up, up 3.7 percent in last day Binance CEO is confident; the exchange can weather all market conditions Transactional volumes below average; should increase as TRX demand swell Following a successful ICO, it was projected that TRX prices would expand as users flock to the coin because of BTT airdrop. However, many are disappointed. TRX prices are not rallying though it is trading within a bullish trend. Regardless, we retain a positive outlook and once prices…

A Fight Is Brewing Among QuadrigaCX Crypto Exchange’s Creditors

A Fight Is Brewing Among QuadrigaCX Crypto Exchange's Creditors 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

A Fight Is Brewing Among QuadrigaCX Crypto Exchange’s Creditors Creditors of the failed cryptocurrency exchange QuadrigaCX are bracing for a fight – among themselves. Customers who had fiat currency balances at the exchange before it went offline and sought protection from creditors in a Canadian court last week are beginning to argue they should be paid back first from recovered assets. But they expect customers who stored crypto at QuadrigaCX to push back on such demands. And even some fiat holders say such prioritization would be unfair. “There seems to be…

Italian Parliament Approves Bill Defining Distributed Ledger Tech, Blockchain Terms

Italian Parliament Approves Bill Defining Distributed Ledger Tech, Blockchain Terms 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Italian Parliament Approves Bill Defining Distributed Ledger Tech, Blockchain Terms The Italian House of Representatives has approved a bill defining distributed ledger technologies (DLT) such as blockchain, Cointelegraph Italy reported on Feb. 7. With 275 votes in favor, 206 against and 27 abstentions, the bill dubbed “Semplificazioni” has moved forward. The Agenzia per l’Italia Digitale will now define the technical criteria that smart contracts will have to comply with in order to have legal validity. Maria Laura Mantovani, a member of the Italian Parliament in the Movimento 5 Stelle party,…

Bitcoin Price Still Trading Flat While Litecoin Hits 7-Month High

Bitcoin Price Still Trading Flat While Litecoin Hits 7-Month High 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Still Trading Flat While Litecoin Hits 7-Month High View The immediate outlook for bitcoin will remain bearish while prices are held below the 6-hour chart 50-candle moving average, currently at $3,417. Litecoin’s BTC-denominated exchange rate (LTC/BTC) clocked seven-month highs earlier today. A close above 0.010182 BTC would confirm an inverse head-and-shoulders breakout and open up upside toward 0.013 BTC. The rally, however, may not happen immediately, as the 14-day relative strength index (RSI) is reporting overbought conditions. LTC’s bullish setup would be invalidated if prices fall back below…

Bithumb Exchange Launches OTC Trading Desk for Digital Assets

Bithumb Exchange Launches OTC Trading Desk for Digital Assets 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bithumb Exchange Launches OTC Trading Desk for Digital Assets South Korean-headquartered cryptocurrency exchange Bithumb has launched a global over-the-counter (OTC) trading desk for digital assets. Announcing the news on Thursday, the firm said that the new Hong Kong-based venture – Ortus – is a “block deal, matchmaking service” for institutional clients. In an OTC deal, two parties trade directly with each other, unlike on an exchange where orders are matched between buyers and sellers. “Ortus will operate to allow institutions to buy and sell digital assets through a network of…

Bitcoin Price Watch: Upsides In BTC Likely To Be Capped

Bitcoin Price Watch: Upsides In BTC Likely To Be Capped 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Watch: Upsides In BTC Likely To Be Capped Bitcoin price is trading in a range above the $3,345 support level against the US Dollar. There is a major bearish trend line formed with resistance at $3,375 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a strong resistance near the $3,375 and $3,400 levels. Bitcoin price is currently consolidating losses above $3,340 against the US Dollar. BTC could correct a few points, but upsides are likely to remain capped…

Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay

Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation. The collaboration is backed by the government of Paraguay, whose goal is to make the South American country a cryptocurrency mining hub. The new center, which is a part of Commons Foundation’s “Golden Goose” project, will help to facilitate the innovation of blockchain technology and cryptocurrencies across Spanish-speaking countries. Bitfury will provide…