BITCOIN PRICE: 889.03     HIGH: 898.00     LOW: 852.00

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London Blockchain Week • January 20-26, 2017

London Blockchain Week kicks off with a Hackathon, followed by a two-day conference on Bitcoin, Blockchain and Distributed Ledger Technology…

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Category: News Digest

China's Volume Drops: BTCManager's Week in Review January 16

Category: News, News Digest

China's Volume Drops: BTCManager's Week in Review January 16

The largest story in the past week has been the news out of China, with exchanges retracting margin trading, significantly reducing global volumes and leading to more stability in the price of bitcoin, holding ground above $800. As shown below, volumes are down 80 percent since the PBOC news broke. While Bitcoin’s market capitalization was at all-time highs not too...

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Markets Cool Off: BTCManager's Week in Review January 9

Category: News, News Digest

Markets Cool Off: BTCManager's Week in Review January 9

In what was an unusually volatile week for bitcoin, China spooked the markets, with BTC-USD hitting a fresh low of $880. However, the crucial support level at $890.65 has held, suggesting the uptrend remains in place. Resistance will be encountered at $944.20 and a break of this level should open up another shot at $1000. On the other hand, a...

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BTCMANAGER’s Year in Review: 2016

Category: Altcoins, Bitcoin, Ethereum, News, News Digest

BTCMANAGER’s Year in Review: 2016

In what has been one of the strongest years for Blockchain technology and the growth of Bitcoin, BTCManager looks back at 2016 in our Year in Review. Here we highlight the stories brought to you by us that defined the evolution of Bitcoin and cryptocurrency in general over the past year. January: Mike Hearn Quits after Classic’s Attempt to Hard...

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Bitcoin Gifts Holders with Rally: BTCManager’s Week in Review Dec. 26

Category: News, News Digest

Bitcoin Gifts Holders with Rally: BTCManager’s Week in Review Dec. 26

A spectacular rally was gifted to Bitcoin holders leading up to Christmas, with BTC-USD posting a fresh high at $920.00 on the Bitstamp exchange. Bitcoin is now gyrating around the $900 psychological level, but we expect the market to establish a high around $1000 by the end of January 2017. With the rise in the price of Bitcoin, several well-known...

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The Veil of Cash: BTCManager’s Week in Review Dec. 19

Category: News, News Digest

The Veil of Cash: BTCManager’s Week in Review Dec. 19

Two important, related events have secured Bitcoin’s place as one of the most important assets in the world. Firstly, a deterioration of the situation in Venezuela. Following the decommission of Venezuela’s largest bill, December 17/18 saw protests and lootings. People are even burning Bolivars, illustrating the rapidly shifting sentiment against fiat currency. While the country’s president, Nicolas Maduro, suggested citizens...

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Bitcoin Fuels Up: BTCManager's Week in Review Dec. 13

Category: News, News Digest

Bitcoin Fuels Up: BTCManager's Week in Review Dec. 13

An interesting malaise of events is turning the tide in favor of bitcoin and cryptocurrencies in general. Search terms for “Earn Bitcoin” are at all time highs, demonetization in India has not, surprisingly, led to lower interest rates but the Reserve Bank of India has instructed banks to report details of fake currency notes daily; this devastating economic experiment has...

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Coinbase User's Privacy at Risk, Zimbabwe Introduces Bond Notes: BTCManager's Week in Review Dec. 5

Category: News, News Digest

Coinbase User's Privacy at Risk, Zimbabwe Introduces Bond Notes: BTCManager's Week in Review Dec. 5

Perhaps the biggest story of the week was the North California judge ruling that could see Coinbase forced into handing over their client data to the IRS. While some users of bitcoin are suspected to be evading tax, the broad brush stroke of every Coinbase customer is something the company is willing to fight against. The price of bitcoin almost...

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SegWit Gaining Ground, Ethereum in State Clearing: BTCManager's Week in Review Nov. 28

Category: News, News Digest

SegWit Gaining Ground, Ethereum in State Clearing: BTCManager's Week in Review Nov. 28

Bitcoin Core’s scaling solution is making headway, with the percentage of blocks signalling SegWit support reaching for 20 percent, as shown below, with pools such as Slush, BitFury and YourBTCC supporting the protocol change. Bitcoin users may have noticed that fees are higher than usual, attributed to the ongoing conflict in the bitcoin community regarding block size:   The progress...

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Bitcoin's Upside to Continue on Indian Demand and SegWit Update: BTCManager's Week in Review Nov. 21

Category: News, News Digest

Bitcoin's Upside to Continue on Indian Demand and SegWit Update: BTCManager's Week in Review Nov. 21

The demand for Bitcoin in India dominated the cryptocurrency media space last week, as the demonetization push has opened up arbitrage opportunities, whereby the price in Rupees significantly exceeds the US Dollar price; bitcoin is trading on LocalBitcoins in India at over 60,000 Rupees, equivalent to roughly $875 at the current USD-INR exchange rate. Also, bitcoin's strength has been buffeted...

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Bitcoin Bounces, Monero Still Rising; BTCManager's Week in Review Nov. 14

Category: News, News Digest

Bitcoin Bounces, Monero Still Rising; BTCManager's Week in Review Nov. 14

The presidential race in the US is now over and ended with a victory for the Republicans, driving a short-term jump in Bitcoin’s price. Of course, uncertainty lies ahead, but the response from investors is pretty optimistic with regard to a Trump administration, with stocks and the US Dollar moving higher as we enter a new week. While Bitcoin showed...

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