BTC Up $4.3 Billion in Three Days

BTC Up $4.3 Billion in Three Days 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

BTC Up $4.3 Billion in Three Days Bitcoin prices on an uptrend Venezuela is a prime example of why BTC is needed Participation levels are high, poised to increase in coming days After Feb 8 rockets, it is clear that momentum has shifted from bearish to bullish. Further padded by supportive fundamentals, it is likely that BTC will break and close above $3,800 ushering in a demand wave that would see prices retest $6,000. Bitcoin Price Analysis Fundamentals There is a crisis in Venezuela, and the government’s endless tussle is…

Philippines Union Bank Launches Crypto ATMs

Philippines Union Bank Launches Crypto ATMs 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Philippines Union Bank Launches Crypto ATMs One of the Philippines largest banks, Union Bank, is set to launch the first two-way crypto ATMs in the country. Union Bank Crypto ATMs Customers will be able to buy and sell cryptocurrencies for cash through the ATM. The idea is to provide an easy and accessible means for crypto to fiat conversion and vice versa. The move may help to spur on adoption for the digital asset. Union Bank said the following on the crypto ATMs: “In the bank’s continued quest to cater…

Bitcoin News Summary – February 11, 2019

Bitcoin News Summary - February 11, 2019 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin News Summary – February 11, 2019 Here’s what happened this week in Bitcoin in 99 seconds.  Major US exchange, Kraken, reported that it’s raised $100 million in investment from its own “whale” clients. The exchange also disclosed the acquisition of Crypto Facilities, a UK firm focused on derivatives. This news suggests that crypto futures will be coming to Kraken. Blockstream revealed their new Proof of Reserves tool. The tool provides a safe and standardized way for crypto exchanges and services to prove the existence of their Bitcoin reserves.…

Bitcoin Eyes $3.8K After High-Volume Price Breakout

Bitcoin Eyes $3.8K After High-Volume Price Breakout 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Eyes $3.8K After High-Volume Price Breakout View Bitcoin gained 7.8 percent on Friday, confirming a falling wedge breakout on the daily chart. The bearish-to-bullish trend change was backed by a jump in trading volumes to levels last seen in mid-November. Prices could soon cross the 50-day moving average resistance at $3,642 and test resistance levels lined up at $3,800 and $4,000 in the next few days. A break below the Jan. 29 low of $3,322 would invalidate the bullish setup. That looks unlikely, though, as the high-volume wedge breakout…

NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year

NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, estimates it will spend more than $20 million this year building Bakkt, its bitcoin futures trading and custody platform. In an earnings call for Q4, 2018, on Feb. 7, Scott Hill, ICE’s chief financial officer, said the firm’s investment in Bakkt will result in $20 million to $25 million of its estimated expenses for the fiscal year 2019. The estimation comes just six weeks after Bakkt…

Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally

Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally Bitcoin price rallied towards the $3,750 level and later started a downside correction against the US Dollar. There is a key bearish trend line formed with resistance at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct lower towards the $3,550 or $3,500 support levels before a fresh rally. Bitcoin price climbed higher and settled above the $3,500 resistance against the US Dollar. BTC is currently correcting lower, but dips…

Ethereum Price Analysis: Dips In ETH Remain Attractive

Ethereum Price Analysis: Dips In ETH Remain Attractive 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Ethereum Price Analysis: Dips In ETH Remain Attractive ETH price extended gains and traded above the $118 and $120 resistance levels against the US Dollar. There was a break above a major bearish trend line with resistance near $117 on the hourly chart of ETH/USD (data feed via Kraken). The pair traded towards the $125 resistance and later corrected lower towards $120. Ethereum price is placed nicely in an uptrend against the US Dollar and bitcoin. ETH/USD could correct a few points, but dips remain attractive in the near term…