Bitcoin Price May Rise in March Despite Month’s Bearish Track Record

Bitcoin Price May Rise in March Despite Month's Bearish Track Record 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price May Rise in March Despite Month’s Bearish Track Record View Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two. The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub-$3,700 levels yesterday. This “buy the dip” mentality indicates scope for a break above the recent high of $4,190. The focus would shift to the primary bearish trend seen on the monthly…

Long-Term Bitcoin Price Indicator Turns Bearish, Suggesting Bottom May Be In

Long-Term Bitcoin Price Indicator Turns Bearish, Suggesting Bottom May Be In 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Long-Term Bitcoin Price Indicator Turns Bearish, Suggesting Bottom May Be In A lagging indicator has turned bearish for the first time in four years, suggesting bitcoin’s price may have bottomed out and that a new bull run could begin this year. As of press time, bitcoin’s 50-week moving average has dropped below the 100-week MA, confirming a bearish crossover – the first since April 2015. Long-term bearish crossovers, however, tend to occur at the end of a big bear move, with prices rallying soon after, as MAs are based on…

Bitcoin (BTC) Value Derived From Its Utility

Bitcoin (BTC) Value Derived From Its Utility 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin (BTC) Value Derived From Its Utility Bitcoin prices up 10.1 percent in the last week. Jesse Lund projects Bitcoin value to hit $1 million in ten years Transaction volumes increase in the last three weeks Jesse Lund is optimistic of future Bitcoin prices valuing the coin at $1 million. Cementing his optimism is increasing adoption which he says draws value and hence the huge valuation. Before $1 million, Bitcoin (BTC) must first breach $4,500 with decent volumes. Bitcoin Price Analysis Fundamentals The creation of Bitcoin was monumental. It will…

Coinbase Snaps Up Blockchain Intelligence Startup Neutrino

Coinbase Snaps Up Blockchain Intelligence Startup Neutrino 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Coinbase Snaps Up Blockchain Intelligence Startup Neutrino U.S.-based digital asset platform Coinbase has acquired blockchain intelligence startup Neutrino. The company made the news known earlier today, February 19, 2019, but the cost of the acquisition was not disclosed. The announcement reads: “Neutrino’s technology is the best we’ve encountered in this space, and it will play an important role in legitimizing crypto, making it safer and more accessible for people all over the world.” The blockchain startup will analyze data on public blockchains and help prevent theft of funds on Coinbase,…

QuadrigaCX Has Sent All Its Bitcoin and Ether to ‘Big Four’ Auditor EY

QuadrigaCX Has Sent All Its Bitcoin and Ether to 'Big Four' Auditor EY 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

  QuadQuadrigaCX Has Sent All Its Bitcoin and Ether to ‘Big Four’ Auditor EYrigaCX’s online wallets for bitcoin, ethereum and other cryptocurrencies have nearly been emptied and the funds sent to the failed cryptocurrency exchange’s court-appointed monitor, Ernst & Young (EY). In its second report on the case, published Thursday, EY confirmed that, as expected, it had taken control of the funds by transferring the crypto from QuadrigaCX’s accounts to the professional services firm’s own cold wallet, stored offline. “On February 14, 2019, after testing the transfer arrangements, the Applicants successfully transferred the following…

Cryptocurrency Bull Run | An Improving Economy Encourages Gains

Cryptocurrency Bull Run | An Improving Economy Encourages Gains 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Cryptocurrency Bull Run | An Improving Economy Encourages Gains A cryptocurrency bull run has taken hold of the entire crypto market. Digital coins have been rallying back (and then some) in recent days. The gains continue today as, according to CoinMarketCap, all the top 20 coins stay in the green. Cryptocurrency Bull Run At the time of writing, Bitcoin—the largest coin by market cap—is valued at $3,982, up 1.8% on the day. Today’s gains continue a bull run that has seen Bitcoin pack on roughly 9% in the last seven days.…

Countdown Restarts Tomorrow for SEC Decision on CBOE-VanEck Bitcoin ETF

Countdown Restarts Tomorrow for SEC Decision on CBOE-VanEck Bitcoin ETF 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Countdown Restarts Tomorrow for SEC Decision on CBOE-VanEck Bitcoin ETF The U.S. Securities and Exchange Commission (SEC) may make an initial decision on not one, but two different bitcoin exchange-traded fund (ETFs) proposals by April 5. A bitcoin ETF proposal submitted (for a second time) by VanEck, SolidX and the Cboe BZX Exchange is expected to be formally published in the Federal Register Wednesday, kicking off the initial 45-day clock for approval, rejection or extension. The proposal was first posted on the SEC’s website on Feb. 13. Once the proposal is…

Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming?

Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming? 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bitcoin Price Weekly Analysis: BTC Signaling Bullish Continuation, $4K Incoming? Bitcoin price started a downside correction after a sharp move towards $3,750 against the US Dollar. The price corrected lower and tested the $3,540-3,530 support area, where buyers emerged. Later, there was a break above a key bullish flag with resistance near $3,570 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is placed nicely in a positive zone and it could continue to move higher towards $3,650 and $3,800. Bitcoin price is slowly gaining…

What QuadrigaCX Says About Institutional Crypto Investment

What QuadrigaCX Says About Institutional Crypto Investment 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

What QuadrigaCX Says About Institutional Crypto Investment Noelle Acheson is a veteran of company analysis and member of CoinDesk’s product team. The following article originally appeared in Institutional Crypto by CoinDesk, a newsletter for the institutional market, with news and views on crypto infrastructure delivered every Tuesday. Sign up here. _______ Open pretty much any mainstream financial media source and it’s hard to feel cheerful. Economic growth is slowing. The yield curve is flattening. Trade tensions are tensing. There’s plenty for an institutional investor to fret about. Yet none of those worries are…

Morgan Creek Digital Secures $40M Backing from Public Pension Funds

Morgan Creek Digital Secures $40M Backing from Public Pension Funds 11  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Morgan Creek Digital Secures $40M Backing from Public Pension Funds According to Bloomberg, renowned digital asset firm Morgan Creek Digital has successfully closed a new $40 million blockchain-specific venture capital fund. It has done this because of major contributions from two US public pensions. Initially, the venture looked to raise $25 million. Morgan Creek Digital Backed by finance behemoth Morgan Creek Capital, Morgan Creek Digital is a hedge fund. The new venture—called the Morgan Creek Blockchain Opportunities Fund—has been created specifically for investment into the digital asset space. Pension Plans The two pension plans are…