Bitcoin Price Analysis: Daily Resistance Level Tested Following Strong Buying Pressure

Summary: Despite some strong, intraday selling, bitcoin’s macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support. At the moment, the bitcoin market is working on testing a third level, but is currently feeling out the strength of the supply and demand. We have […]

Canadian Province Offers Low-Cost Energy Incentives to Bitcoin Miners

They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power. A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract what it […]

International Bitcoiners Pitch In on Notre-Dame Restoration Effort

The Bitcoin community has been contributing to a crowdfunding campaign to restore the famous Notre-Dame de Paris, which suffered a catastrophic fire on April 15, 2019. During an ongoing renovation effort, the nearly 900-year-old cathedral experienced a colossal blaze due to what is currently believed to be a construction accident. The fire caused significant damage […]

Gemini Exchange Announces Full Adoption of the SegWit Protocol

Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness (SegWit) addresses to its wallet infrastructure. Gemini hopes its users will benefit from improved processing times and lower bitcoin withdrawal fees. “We believe SegWit will become the standard, and in doing so, will create extensive benefits for all participants […]

Bitcoin Trader Sentenced to Two-Year Prison Term

Bitcoin trader Jacob Burrell Campos was sentenced on April 8, 2019, to serve a two-year prison sentence and to forfeit more than $800,000 “for operating an unlicensed money transmitting business.” The U.S. Department of Justice (DOJ) announced the conclusion of this case on its official website, claiming that Campos had already been in custody without […]