Bitcoin

What is Bitcoin? – the ultimate answer

2018-12-16T00:54:18+00:00 13 December 2018|Tags: , |

“What is Bitcoin?” – this question has hit the absolute leadership's position in Google searches in UK and USA. And this trend is going to continue in 2019 year as well. This means that Cryptofonia.pro can't avoid to put its five cents to make it clear. By the way, USA tops third position as the [...]

Chris Burniske: Bitcoin and Ethereum are oversold, SFOX answers why

2018-12-11T01:02:55+00:00 11 December 2018|Tags: , |

The analyst Chris Burniske argues that BTC and ETH are heavily oversold. Bitcoin lost 83% from all-time-high, Ethereum followed the case with 94% decline. Burniske took into account several metrics such as Number of Daily Transactions, Estimated Daily Transaction Value (USD), Daily Unique Addresses Used for Bitcoin, Number of Daily Transactions and Total Daily Gas [...]

Weiss ratings expects huge cryptocurrencies rally in January of 2019 year

2018-12-07T21:00:38+00:00 7 December 2018|Tags: , , |

Weiss ratings, the famous predictions analytical agency, predicts that when 24th of January next year when Bakkt platform is going to launch Bictcoin futures this day may become the same day of last year, 17th of December, the day before Chicago based classical stock exchange has started trading Bitcoin futures. Now there is Intercontinental Exchange [...]

Bitcoins: it began buying like hotcakes

2018-12-07T20:29:03+00:00 7 December 2018|Tags: |

As Cryptofonia.pro has recently written the current cryptocurrencies downfall was used by big investors to buy up Bitcoin as well as other cryptocurrencies. The Bitcoin is still the flagman cryptoasset so the huge demand for his coin may unleash new upward wave. A.T. Kearney, a multinational management consulting firm, predicts that Bitcoin will widen its [...]

Big “whales” buys enormous volume of crypto from disappointed retail investors

2018-12-05T22:55:00+00:00 5 December 2018|Tags: , , |

New market statistics leaves no doubt that Binance CEO Changpeng Zhao when he warned cryptocurrencies holders be cautious in their instincts to follow the overall mood at the market and sell their coins with high discounts trying to figure out “less loss.” New data from Diar company proves the idea that now we see a [...]

Coinshares: Bitcoin mining has positive effects on economy

2018-12-02T21:28:26+00:00 2 December 2018|Tags: , , , |

Coinshares, the cryptocurrencies management investment vehicle, has released a 19-page research paper titled “The Bitcoin Mining Network—Trends, Marginal Creation Cost, Electricity Consumption & Sources.” This report became a fresh version of Coinshares bi-annual mining paper appeared in May 2018. The report states that there is “no more than 60% of miners currently remain within Chinese [...]

US government is unable block Bitcoin addresses. Still

2018-12-02T00:01:53+00:00 1 December 2018|Tags: , , , |

The US government presented through The Office of Foreign Assets Control (OFAC) (the financial intelligence arm of the U. Treasury Department) releases sanctions against two Bitcoin addresses. The addresses in question have been carried over 7,000 transactions since 2013 and received almost 6,000 Bitcoins. The US authorities decided that once these addresses are being controlled [...]

Analysts about Bitcoin performance: no reason for grievance

2018-11-30T23:56:33+00:00 30 November 2018|Tags: |

The current downturn trend of cryptocurrencies can't overshadow the fact that in September of last year Bitcoin price was less than $4,000 and any movement up now may be considered as an advancement. The Bitcoin didn't vow to rise permanently but the growing trend it forms Bitcoin holds pretty well. Meanwhile current “cryptocurrencies winter” may [...]

Tom Lee: the best time to buy cryptocurrencies is now

2018-11-29T23:56:51+00:00 29 November 2018|Tags: , |

Tom Lee of Fundstrat Global Advisers in the course of his speech at the BlockShow Asia 2018 argues that the current bear market open the best option to enter market. He believes that any investor who wants to earn more than 7% a year as medium risk bearing securities offer must go to cryptocurrencies market [...]

The main reason to sell Bitcoin is charity

2018-11-28T23:32:26+00:00 29 November 2018|Tags: |

A mobile polling panel, Pollfish, in collaboration with WeTrust, which is a crowdfunding Ethereum based platform, has scrutinized the reasons motivating crypto holders to sell their assets. It was surprising but the main reason for such steps is not panic provoked the downside movement of cryptocurrencies market but the wish to make donations. This means [...]

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