Bitcoin price has not made any significant move during quiet Saturday trade. The start of day in the US may change that, but for now it looks like continuing inaction will be the prospect. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h00 UTC Bitstamp 1-Hour Candle Chart From the analysis pages of xbt.social, earlier today: A quiet day in the bitcoin price chart as price sticks close to the 200-hour moving average. Low volume trade keeps price within the constraints of the converging support near $449 (Bitstamp) and the horizontal resistance zone between $462 and $470. The recommendation remains that…
Developers, bankers, regulators, investors, businessmen, thought leaders and visionaries from around the globe descended on New York for a three-day event to discuss what has taken the world by storm, blockchain technology and its applications. Consensus 2016, the biggest event since blockchain was invented seven years ago, set the theme with a general feeling that blockchain is not only real, but that something big is happening as expressed by Larry Summers, former treasury secretary and keynote speaker: I think this whole sphere is ripe for huge opportunity… We have over the last generation had a lot of financial innovation for the benefit of money and I think it is a good thing to have some financial innovation for the benefit of people in the form of reducing…
With the re-emergence of the third iteration of Silk Road it appears that this iconic darknet market brand is here to stay. What is to be expected this time around? A Brief History When the Silk Road first launched in February of 2011 it did so to little fanfare. But as media coverage intensified and the authorities began to take notice the marketplace and all participants came under heavy scrutiny. We all know how that story played out. The dramatic downfall of Ross Ulbricht seemed to mark a very odd moment in history. For technologists, the darknet was very real and was worthy of tracking from the day one. For authorities around the world, this previously unknown threat now needed to be addressed. Nevertheless, the system evolved. Leaning on this nifty trick…
Palantir Technologies, a global data analytics company co-founded by Peter Thiel, co-founder of PayPal, denies any connection to a Hong Kong bitcoin mining company that claims to be owned by Palantir Technologies, according to International Business Times. The mining company, CoinFac Ltd., promises to deliver faster bitcoin mining using quantum computing. A Palantir Technologies spokesperson said there is no connection between the companies. The spokesperson further noted that Palantir has asked CoinFac to remove references to Palantir. Palantir raised $880 million in December and works with law enforcement agencies to track terrorists. Palantir has expanded into the financial sector to help hedge funds and banks process data. Quantum Computing Claims CoinFac…
Bitcoin price has spent the day above $450 (Bitstamp) but the market has not made progress either way. We take a look at the most significant boundaries for this years price action – and the levels that will confirm that a trending move has broken out. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 14h00 UTC Bitstamp 1-Day Candle Chart From the analysis pages of xbt.social, earlier today: Price remains range-bound and there is no new analysis to add to the outlook expressed in previous posts this week. The general view is that price has steadily printed higher lows during the past six months, yet, has failed…