Bitcoin meets all of the essential criteria for an asset bubble, which is sure to burst soon and the spillover effects into traditional financial system would be limited, while the blockchain technology holds promise for investors, Allianz Global Investors said. The top cryptocurrency's trajectory resembles a textbook case of a financial-market bubble that may soon pop, the firm said. more...
Bitcoin transaction fees is cheaper now, as three of the most popular cryptocurrency exchanges have slashed their withdrawal fees rates by up to half. Binance, Bitfinex, and Kraken have enabled SegWit (Segregated Witness), a process to increase block size limit, and capacity to add more transactions. Transaction batching is another method being adopted to help them significantly reduce fees. more...
Litecoin posted massive gains, still has room to run Litecoin lit up the board with a 30%+ gain yesterday, and tacking some more on today. On Monday, we made note of key reversals in the cryptocurrency sector, and that they likely pointed to higher prices, but the rally has exceeded short-term expectations. The break above 210 has the 257/270-area in focus, and if the rally really gains steam resistance beyond that area doesn’t ...
Bitcoin posted big key-reversal bar on the weekly time-frame Bitcoin is already near resistance around 9222, the January spike-low, and the trend-line from last month. A break through both of these hurdles could have Bitcoin finding a resurgence of buyers for a larger rebound to unfold back towards 11.5-12k, or better. The lower end of that targeted zone would wipe out the last leg lower from the triangle proceeding the ...
The first meeting of the G20's Digital Economy Task Force is being held in Buenos Aires on February 8 and 9. German and French finance ministers and central bank governors have sought joint action by the G20 group of advanced and developing countries to tackle the risks posed by cryptocurrencies, reports said Friday. In a letter to the finance minister of Argentina, which holds the G20 presidency now, they have asked the matter to be placed ...
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