.

Bitcoin News & Discussion

Moderators: mntiwana, mrtools

Bitcoin volatility lowest since November 2018

#161
mlawson71 wrote:
Fri Jan 25, 2019 1:20 am
The Dutch central bank – the De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM) ave jointly proposed licensing requirements for all crypto exchanges operating on Dutch soil.

The proposal follows a request by the Dutch finance ministry, which asked AMF and DNB to develop steps to regulate the crypto market in an attempt to combat money laundering practices and the financing of terrorist activities.

The regulations will require all crypto exchanges and e-wallet providers to monitor, collect, and store customers’ transactions data on their platform and to report any suspicious activity to the authorities.
Sounds like they are getting serious with the transactions now. Which is good.

In regards to Bitcoin, volatility has been stagnant for some time now. It's a bit of a shame really as Bitcoin seems promising. Let's hope things get better.

Bitcoin Volatility Falls To Lowest Since Mid-November

bitcoin-volatility-low-min.jpg

A measure of bitcoin volatility reached a more-than two-month low today, offering the latest evidence of the digital currency's malaise.

The cryptocurrency's rolling 14-day volatility declined to a reading of 40, its lowest since mid-November, according to data provided by U.S. asset manager Blockforce Capital.

This compared to a reading of 100 at the start of 2019 and 85 four weeks ago, additional Blockforce Capital figures reveal.

The chart below provides a graphic representation of these changes in volatility:
bitcoin-volatility-chart.jpg

Bitcoin's Range-Bound Trading
Bitcoin prices have been trading within a relatively modest range lately, fluctuating primarily between $3,500 and $4,000 so far in 2019, according to CoinDesk price data.

This contrasts with times of sharp volatility, for example last year, when bitcoin climbed from less than $1,000 to almost $20,000, additional CoinDesk figures show.

"Bitcoin has been consolidating around $3500 since the sharp drop in November," observed Jon Pearlstone, publisher of the newsletter CryptoPatterns.

He emphasized that before suffering that decline, the digital currency held the $6,000 level for more than six months.

Some market observers prefer higher volatility, as more significant price fluctuations create greater opportunity for traders to earn a profit.

However, there is a flip side to this coin.

Critics have highlighted bitcoin's intense volatility, stating that its sharp price fluctuations make it less useful as a medium of exchange.

The cryptocurrency's recent malaise has thrown cold water on this argument by enabling its use as a medium of exchange.

Source: https://www.forbes.com/sites/cbovaird/2 ... b75316455e
Download over 500+ Forex & Trading books from the Trader's Library.


Bitcoin plunges as market dumps $7 billion

#162
Bitcoin plunges further down as market dumps $7 billion

  • The awoken bears send the market tumbling losing $7 billion in a few hours.
  • Bitcoin declines are unstoppable towards $3,400.

The cryptocurrency market is painted red at the time of writing. The declines began towards the end of the trading session yesterday. The stability shown last week appears to have been purged as the entire market dived south.

Bitcoin is leading the downward spiral following the sharp drop below the ranging channel support at $3,500. The largest crypto is still correcting lower with declines of 3% on Monday. Looking at the trading last week, we see that Bitcoin was stable between the channel with resistance at $3,600 and support at $3,500. However, it has kicked off the trading this week with a sharp dip that has tested $3,400.

The signals from the technical indicators like the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are still negative at press time. BTC/USD is exchanging hands at $3,415, besides there is an ongoing bearish momentum that could break below $3,400 in the short-term unless support is established.

After a week of stability, the awoken bears have sent the market to the rocks dumping at least $7 billion in just a few hours. The total market cap has thinned greatly to refresh the lows in 2019 at $114 billion.

BTC/USD 1-hour chart

JAN28-BTC-636842609885801282.png

Source: https://www.forexcrunch.com/bitcoin-plu ... 7-billion/
Download over 500+ Forex & Trading books from the Trader's Library.

Re: Bitcoin news

#163
Crypto currency investors with the New Zealand based crypto exchange Cryptopia has lost more than 16 million USD of crypto coins including more that 3,5 million worth of Ethereum coins after a hacker attack.

The hackers reportedly targeted 76 000 crypto wallets, after gaining access to the private keys of the wallets, kept by the exchange.

The attack is also unusual in that the funds were not stolen at once, but over five days in early January.

Cryptopia publicly admitted the attack on January 15th, saying it has suffered “significant loss” without commenting on any figures.

Re: Bitcoin news

#164
mlawson71 wrote:
Tue Jan 29, 2019 12:48 am
Crypto currency investors with the New Zealand based crypto exchange Cryptopia has lost more than 16 million USD of crypto coins including more that 3,5 million worth of Ethereum coins after a hacker attack.

The hackers reportedly targeted 76 000 crypto wallets, after gaining access to the private keys of the wallets, kept by the exchange.

The attack is also unusual in that the funds were not stolen at once, but over five days in early January.

Cryptopia publicly admitted the attack on January 15th, saying it has suffered “significant loss” without commenting on any figures.
this hacking stuffs is crazy......... seems like crypto is too unsafe :shock:

Re: Bitcoin news

#165
It really is a very bad look for the cryptocurrency industry.
When was the last time we heard about a forex broker being hacked, let alone a bank?


Auscoin website taken down after executive’s arrest

#166
This is the same turkey that was flaunting his cars and taking selfies with tennis players a few weeks ago :?

Auscoin website taken down after executive’s arrest
Screen-Shot-2019-03-11-at-10.08.49-pm-1068x544.png
Visitors to auscoin.io are receiving this error message.

The website of Australian cryptocurrency exchange Auscoin has been taken offline, following the arrest of founder Sam Karagiozis.
In a sign the company is in serious trouble, visitors to auscoin.io are receiving an error message that says “this page isn’t working.” It’s unclear if and when the page will be back up and running.

Micky broke the story about the arrest by Australian Federal Police on Friday, but chose not to identify the suspect for legal reasons. Several mainstream news outlets have since named Karagiozis as the person taken into custody.

The 27 year old, who has the words “self made” tattooed on his fingers, has been charged with trafficking about 30 kilograms of drugs, including cocaine, MDMA and methamphetamine.

Police will allege he played a key role in directing the operations of a criminal syndicate, which used various dark net sites, Bitcoin accounts and legitimate businesses for the sourcing, payment and distribution of illicit drugs.

auscoin.jpg
Auscoin founder Sam Karagiozis

Following the arrest, financial regulator AUSTRAC suspended the registrations of two digital currency exchange businesses he is associated with, one of them being Auscoin.

Several bank accounts, real estate properties, motor vehicles, a motorbike, cash and cryptocurrency, worth more than AU$2M have also been restrained by the AFP, following a court order.

It was only two months ago that Karagiozis was boasting about the success of Auscoin in a struggling cryptocurrency market.

“We currently have 31 Auscoin ATMs in Australia … and our turnover is $500,000 a week, which is just insane considering how much the price of Bitcoin has dropped,” Karagiozis told the Daily Mail.

According to The Age, Karagiozis was refused bail in the Melbourne Magistrate’s Court last week.

Source: https://micky.com.au/auscoin-website-ta ... es-arrest/
Download over 500+ Forex & Trading books from the Trader's Library.

Re: Bitcoin News & Discussion

#167
he Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA) are considering new rules for the crypto trading platforms in the country in the aftermath of the scandal around Quadriga CX, which deprived investors of about 135,000,000 USD in crypto assets, reports Reuters.

The plan involves setting tailored regulatory requirements to address the “novel features and risks” associated with the crypto exchange platforms.

“We must adapt to innovation, and provide clarity to the market about how regulatory requirements might best be tailored and applied to these unique business models, while maintaining investor protection,” Andrew Kriegler IIROC CEO said in a statement.

Re: Bitcoin News & Discussion

#169
Nobody...? Nothing...?
Last edited by Jimmy on Sun Apr 07, 2019 8:36 pm, edited 1 time in total.
Reason: Moved to Bitcoin thread.

Re: Bitcoin News & Discussion

#170
momo3HC wrote:
Sun Apr 07, 2019 8:07 pm
Nobody...? Nothing...?
what investments with bitcoin?? trading?? yeah......... all the hodlers think its gonna shoot up 2 the sky now but we will see if it breaks 5k for good.........
crypto still sux tho & scams & hacking are everywhere :thumbdown:




Who is online

Users browsing this forum: CommonCrawl [Bot] and 1 guest