Bitcoin Crawls Past $3,800, But You Shouldn

Bitcoin Crawls Past $3,800, But You Shouldn 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Crawls Past $3,800, But You Shouldn The bitcoin price started Monday with a small recovery to compensate for Sunday’s massive losses, but crypto investors shouldn’t get their hopes up. Bitcoin (BTC/USD) established its intraday high at $3,861, up around 1 percent for the 24-hour period. On Sunday, the pair dropped approximately 10 percent in just 9 hours – a dump, precisely. It started consolidating upwards after finding a new low at $3,721. At the same time, the bitcoin market reported lower intraday volume and volatility, indicating that the bearish…

Bitcoin Shorts Dropped to 11-Month Lows During Sunday’s Sell-Off

Bitcoin Shorts Dropped to 11-Month Lows During Sunday's Sell-Off 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Shorts Dropped to 11-Month Lows During Sunday’s Sell-Off The number of short bets placed against the price of bitcoin on at least one notable exchange declined to their lowest total in 11 months on Sunday. Data from Bitfinex shows that bitcoin’s 8 percent drop in price on Sunday was accompanied by a 12 percent drop in the notional value of open short positions, with the total amount of such trades dropping from a daily high of 19,604 to 17,085 BTC, the lowest amount allocated on the platform since March…

Coinbase Exchange Users Can Buy and Sell XRP Starting Tomorrow

Coinbase Exchange Users Can Buy and Sell XRP Starting Tomorrow 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Coinbase Exchange Users Can Buy and Sell XRP Starting Tomorrow Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization. The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in “transfer-only” mode, meaning customers can only deposit tokens to begin with. After a minimum of 12 hours, the company plans to activate other trading services, though this timeline is variable. Initially, Coinbase Pro customers in the U.S. (excluding New York state), the UK, some EU nations, Canada, Singapore and…

Analyst: Bitcoin Price Must Hit This Key Level to Exit Bear Market

Analyst: Bitcoin Price Must Hit This Key Level to Exit Bear Market 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Analyst: Bitcoin Price Must Hit This Key Level to Exit Bear Market In the wake of Sunday’s crypto massacre, shell-shocked investors have been left with dashed dreams and a lingering question: Will bitcoin’s bear market ever end? Crypto brokerage BitOoda says that the answer lies in two price levels: $4,200 and $6,000 – levels with which retail buyers need to become more acquainted. Bitcoin Price Facing Strong Resistance at $4,200 Writing in a note to clients on Monday, BitOoda Executive VP of Institutional Sales Brian Donovan said that the sell-off…

Logs, metrics, and the evolution of observability at Coinbase

Logs, metrics, and the evolution of observability at Coinbase 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Logs, metrics, and the evolution of observability at Coinbase Up until mid 2018, the only supported way to generate custom metrics for an application at Coinbase was to print to standard output. Each printed line would work its way through a series of pipelines where they could be analyzed, transformed, and parsed until finally landing on an index in our monolithic self-managed Elasticsearch cluster, where engineers could build visualizations and dashboards with Kibana. This workflow represents the best of many worlds. Log entries are easy to generate, and because they…

Security Token Startup Templum Shifts to Private Blockchains

Security Token Startup Templum Shifts to Private Blockchains 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Security Token Startup Templum Shifts to Private Blockchains Security token specialist Templum is shifting from public to private blockchains. Announced Monday, enterprise software vendor Symbiont is building a private blockchain and smart contracts system that Templum will use for future security token offerings (STOs) by its clients. Previously, the regulated broker-dealer left the choice of blockchain protocol up to the issuers, but this posed problems, Templum CEO Christopher Pallotta told CoinDesk. Many were choosing ERC-20 tokens that run on top of ethereum, said Pallotta, but that network’s well-known scaling challenges meant trading…

Dow Surges 140 Points While Crypto Investors Reel after Bitcoin Blackout

Dow Surges 140 Points While Crypto Investors Reel after Bitcoin Blackout 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Dow Surges 140 Points While Crypto Investors Reel after Bitcoin Blackout The Dow barreled toward a 140 point gain on Monday after US President Donald Trump announced a delay to the US-China trade deadline. Cryptocurrency investors, meanwhile, were left searching for answers after the bitcoin price crashed below $3,715 just hours after pushing toward $4,200. Dow Sees Triple-Digit Climb, S&P 500 Looks to Jump Past 2,800 As of 8:41 am ET, Dow Jones Industrial Average futures had soared 157 points or 0.6 percent, implying a gain of 140.19 points at…

US Government Returns Bitcoins Retrieved Following 2016 Bitfinex Hack

US Government Returns Bitcoins Retrieved Following 2016 Bitfinex Hack 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

US Government Returns Bitcoins Retrieved Following 2016 Bitfinex Hack Bitfinex has announced that some of the bitcoin stolen in a major 2016 hack has been returned by the U.S. government. In a blog post published Monday, the exchange said that 27.66270285 BTC – worth just over $104,000 at time of writing – have been received from the U.S. government, and come as the result of U.S. law enforcement efforts. Bitfinex said that, since the hack, it has been collaborating with international law enforcement agencies “to provide intelligence and assist with investigations,”…

Bitcoin’s Bull Trend At Risk After High-Volume Price Dump

Bitcoin's Bull Trend At Risk After High-Volume Price Dump 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin’s Bull Trend At Risk After High-Volume Price Dump View Bitcoin dropped 9.3 percent yesterday on the back of high volumes, invalidating the triangle breakout witnessed last Monday. A UTC close below $3,714 today would validate Sunday’s bearish outside reversal candle and open the doors to levels below $3,400. The longer duration charts are signaling bearish exhaustion, however, and any drop to $3,400 or below could be short-lived. A move above $4,190 (previous day’s low) is needed to revive the bullish outlook. Bitcoin (BTC) nosedived overnight, clouding the interim bullish outlook,…

Bitcoin Price Plunges 11%: Factors Behind Sunday

Bitcoin Price Plunges 11%: Factors Behind Sunday 12  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Plunges 11%: Factors Behind Sunday On February 24, the Bitcoin price plunged from $4,190 to $3,714 within minutes by 11.3 percent against the U.S. dollar. While many traders were not taken aback by the sudden drop in the price of the dominant cryptocurrency, some were surprised by the magnitude of it in a short time frame. Bitcoin 1-Day Price Chart, Source: TradingView In an exclusive interview with CCN, cryptocurrency technical analyst and trader Josh Olszewicz suggested that the Chicago Mercantile Exchange (CME) Bitcoin futures market may have had…