Bitcoin Reaching Strong Resistance Point that Caused Several Downtrend Selloffs

2019-4-5 21:06

Bitcoin is yet again making its way upwards as it breaches $5k yet again. The market is still green as the total market cap records at $176 billion. At the time of writing, BTC has been trading at $5,040 with 24-hrs gains of 0.

46 percent as per Coinmarketcap. BTC 5-days chart, Source: TradingView When it […].

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On Collusion

Special thanks to Glen Weyl, Phil Daian and Jinglan Wang for review Over the last few years there has been an increasing interest in using deliberately engineered economic incentives and mechanism design to align behavior of participants in various contexts.

2019-4-5 04:03


Crypto Cheerleader Pomp Discusses Bitcoin’s Future Developments With Vision Hill’s Dan Zuller

With the crypto market once again being faced with long-term bullish prospects, investor confidence in currencies such as Bitcoin seems to rising. This is highlighted by the fact that BTC recently broke past it's all-important $5K resistance barrier— thereby pushing the overall market capitalization of the alt-asset domain over the $160 bln mark. In the […]

2019-4-3 18:58


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Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

Since mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance (shown below as a red band). This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bears:Figure 1: BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections (labeled 1, 2 and 3), we see that the move into this resistance level was violent — and had equally violent rejections.

2019-3-29 02:21


South Korea’s Biggest Exchange Bithumb Will Slash Half of Its Staff as Bear Market Blues Strike Again

The crypto winter continues to make victims. Unfortunately, the next victims are the employees of Bithumb, the largest cryptocurrency exchange in South Korea. Coindesk Korea has recently reported that the affirmed that it would cut the number of employees from the current 310 to around 150 soon. If this is confirmed, half of the team […]

2019-3-19 00:54