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 […]

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 […]

Bitfinex Scraps Its $10,000 Minimum Balance Rule

Bitfinex Scraps Its ,000 Minimum Balance Rule Bitfinex is now open to every trader as the Hong Kong-based cryptocurrency exchange has removed its $10,000 minimum balance rule. Citing a rising demand from retail traders who couldn’t trade on the platform due to the requirement, Bitfinex CEO Jean-Louis van der Velde said the platform is […]

Bitcoin Price Analysis: Sideways Consolidation Paves the Way for Macro Uptrend

Bitcoin Price Analysis: Sideways Consolidation Paves the Way for Macro Uptrend Summary: Buying pressure continues as the bitcoin market holds above the macro, bearish trendline and the monthly resistance level. There was a small amount of selling pressure but it was absorbed by eager bulls. The selling pressure seems to be profit taking as […]

Bitcoin Price Analysis: Upward Drift Continues Following Established Macro Support

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 […]

Binance Partners With IdentityMind for Enhanced Compliance and Security

Binance Partners With IdentityMind for Enhanced Compliance and Security Binance has partnered with Medici Ventures’ portfolio company IdentityMind, a risk management and regulatory-technology compliance platform, in a bid to enhance its fraud protection and compliance protocols. The companies announced the deal on March 26, 2019, calling it “a joint mission to help raise the […]

Bitmain’s IPO Filing Has Expired

Bitmain’s IPO Filing Has Expired Bitmain’s long-anticipated initial public offering (IPO) filing with the Hong Kong Stock Exchange is officially a bust. The mining titan’s IPO expired on Tuesday, March 26, 2019. Bitmain filed the application for its IPO on September 26, 2018, and the Hong Kong Stock Exchange had six months to decide […]