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Tag Archives: january

Bitcoin news roundup, January 22, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Coinbase CEO claims battle with the IRS could cost the startup $1 million Last week, DeepDotWeb reported a new court filing showed Coinbase was ready to fight the IRS in order to stop it from getting to its user records. Coinbase has already claimed this was an “extraordinarily broad ... Read More »

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Bitcoin Price Analysis January 16, 2016

Beijing Now Controls the Price of Bitcoin Bitcoin kicked off the new year at lofty levels of $1139, inches away from gold parity – depending on which exchange you looked at. The digital currency surprised critics last year, scooping pole position for best performing currency and commodity class of 2016. Bitcoin investors took home 125% returns at close of December ... Read More »

Bitcoin news roundup January 15, 2017

This week’s summary of various cryptocurrency news and developments: New developments: New court filing shows Coinbase is ready to fight the IRS The IRS’ attempt to obtain Coinbase’s user records was contested by Jeffrey Berns Esq. The IRS and DOJ wanted to stop Mr. Berns from interfering in the summons, arguing he had no legal basis as reported by Deep ... Read More »

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Bitcoin Price Analysis For January 8th, 2017

Bitcoin price continued rising during the past week to score a high of around $1139.89 on bitstamp last Wednesday. Just after the week’s high was recorded, a downwards price correction wave pulled price down to a low of $812, before rising again to $903 at the time of writing of this article. So, the bullish wave, that has been fueling ... Read More »

Bitcoin news roundup January 8, 2017

This week’s summary of various cryptocurrency news and developments: New developments: Bitstamp has raised over $1.8 million in ongoing funding campaign Luxembourg-based bitcoin exchange Bitstamp has an ongoing funding campaign on the BnKToTheFuture platform, where it has already raised over €1.7 million ($1.8 million), out of a planned $1.2 million and the campaign isn’t over yet, as it will last ... Read More »

Irish Darknet Drug Dealers Reassured of Receiving a Long Sentence in January

The three Irishmen who were charged for selling drugs on the Darknet have been assured they will receive lengthy jail sentences for their crimes. Richard Sinclair of Coleraine, Kyle Hall of Belfast, and Stephen Rodgers of Carrickfergus were all arrested and charged for selling drugs using the Darknet. Sinclair allegedly used his bedroom computer to order drugs from Holland, and ... Read More »

Bitcoin Price Analysis 13 January 2016

This week bitcoin broke up to upside, contrary to my forecast from last week. The virtual currency moved up +6%, topping off at $466 while global fiat financial markets suffered under turbulence. Painting the Tape Perhaps it was the Chinese propping up price, fleeing stocks, devaluation and capital controls. In markets, bear moves have been known to fail in bull ... Read More »

Bitcoin price Analysis 6 January 2016

These last 2 weeks of bitcoin have been a contracting triangle pattern – flat top with a rising bottom (an ascending triangle wave pattern). Price bounced at a support at $ 406, and it has been grinding sideways since December 27th. It is part of a larger bearish drop from $ 464. I expect sideways action to break out to ... Read More »

Bitcoin Price Analysis 2nd January 2016

This week, bitcoin price was down from a high of $ 467 in last week’s analysis. The bear drop from a peak at $ 476 over Christmas, is part of a weak reversal from $ 300 that a failed to recapture $ 500 highs. This week’s drop exhibits patterns of consolidation and sideways action, before a break out. As of ... Read More »