BITCOIN TRADING RECOILS FROM $300

admin Bitcoin Resources & Tools, Buying & Selling, Data Analysis, Infographics, Prices 0 Comments

Bitcoin trading attempted a push to $300, yesterday, but failed short of the target. Bitcoin price is currently declining along with its descending 1-hour 20-period moving average and the support floor may comfort traders after the scary experience. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis Time of analysis: 08h24 UTC Bitfinex 1-Hour Chart From the analysis pages of xbt.social, earlier today: A lot of pushing and pulling in yesterday’s choppy price action just below $300. As expected, price is falling away from the area of contention and the price pattern reminds of the mid-March attempt on $300. What is strange is that the market had already surmounted the $300 psych barrier earlier this month, but yesterday’s trade would have you believe pushing to $300 and beyond was an audacious proposition. Our Sell Trade Recommendation is open and we watch the indicators for signs of potential reversal while we wait for price to sag to the support floor near $287. It may not sink that low, but for now the market retreats from repeated failed …

Bleutrade Exchange – Review & Tutorial

admin Altcoins, Bitcoin, Bitcoin 2.0, Bitcoin News, Bitcoin Trading Platforms, Blockchain, Exchanges, Market Terminology 0 Comments

We’ve been trading cryptocurrency (alt coins such as Bitcoin, etc.) at Bleutrade for a few months now and figured it was time for a review of our experience(s).  We’ve also provided some tutorials on how to get started.   BLEUTRADE.COM REVIEW We first heard about Bleutrade earlier in 2014, but hadn’t gotten around to making an account and transferring in some cryptocurrency until May or June. We decided to check them out and start trading because their trading interface is quite a bit different than any other exchange out there.  (if you’re not quite sure what all of this “cryptocurrencies” stuff is all about – check out this good article over on Wikipedia) HOW IS BLEUTRADE DIFFERENT? This is not to say that the actual trading process is different – it’s not, but the fact that there are so many different “trading pairs” is what really got our attention. Many exchanges only allow for trading your favorite cryptocurrency for Bitcoin, and to a lesser extent the other exchanges will allow you to trade in Litecoin too, but only in limited markets.  Bittrex has recently opened some trading pairs with Blackcoin, but not many. HOW MANY TRADING PAIRS? Bleutrade on the …

Gyft Unveils New Tech for Blockchain-Powered Gift Cards

admin Bitcoin 2.0, Bitcoin News, Bitcoin Venture Capital, Bitcoin-Friendly Merchants, Blockchain, Companies, Market Terminology 0 Comments

Gyft and bitcoin API developer Chain have partnered to create Gyft Block, a trading platform aiming to make gift cards easier to exchange. Announced at Belfast’s MoneyConf, the news marks Gyft CEO Vinny Lingham‘s latest step in transitioning his mobile gift card company from one of bitcoin’s most active merchants to a more direct supporter of its underlying technology. Gyft Block is part of Gyft’s broader mission to digitize gift cards so that they can be securely traded using bitcoin’s public ledger, the blockchain. Termed ‘gift cards 2.0’, the ambitious project was first revealed at SXSW in March and followed Lingham’s own involvement as an advisor and investor in so-called ‘crypto 2.0’ firms, including Koinify and Trustatom. A statement from Gyft implied that the platform could solve real problems for the $100bn gift card market: “Consumers can redeem different forms of digital value in a single transaction: for example, a consumer can buy a cup of coffee by combining a gift card, branded reward point, and coupon, since all blockchain-based digital assets operate on the same open standards.” In an accompanying white paper, Gyft’s head of special projects Guillaume Lebleu suggests Gyft Block would seek to establish a common API for gift card issuers that more closely replicates …

Deciphering Dark Net Market Terminology

admin Market Terminology, Ross Ulbricht, Silk Road, Tor 0 Comments

Many subversive communities use niche terminology and phrases. The world of dark net markets is no different. Dark Net Originally synonymous with “deep web,” this is any part of the net which is not search engine accessible. Today, “dark net” is commonly used as a misnomer for hidden services accessible only through Tor or I2P. The Tor Project prefers “deep web,” because it does not imply nefarious usage. Clear Net An antonym to “dark net,” the clear net is comprised of search engine accessible sites. Dark Net Market In the case of dark net markets, “dark net” is a misnomer to represent markets only accessible as hidden services. These markets generally use Bitcoin or other crypto currencies for payment, often for illicit items. The “DarkNetMarkets” subreddit maintains a list of popular Tor and Bitcoin markets. Tor According to the Tor Project, “Tor is free software and an open network that helps you defend against traffic analysis, a form of network surveillance that threatens personal freedom and privacy, confidential business activities and relationships, and state security.” Tor is needed to access most dark net markets, with easiest access provided by the Tor Browser bundle. All traffic passes through at least three Tor “relays” before reaching it’s destination. Tor …

Whale Club: The Trading Room That Loves Bitcoin Price Declines

Whale Club: The Trading Room That Loves Bitcoin Price Declines

admin Bitcoin Resources & Tools, Bitcoin Trading Platforms, Buying & Selling, Exchanges 0 Comments

“How much is he dumping?” The phrase comes to surface amid a collection of voices, most discussing the unknown trader. The room focuses on his (or her) observable market influence, dissecting how and why he closed all his short positions for signs of strategy. “He was defending that position,” one of the voices says with authority. “That price should have gone up on the ratio, it didn’t. I think it was him dumping.” Whether he’s Clowncontrol, Gregcron or Barry White, or one of a host of other usernames thabt dot the screen, is unclear. Salacious talk aside, it’s a boring day in the Whale Club trading room. Bitcoin is trading at $250, up from $230 days before. The rise has been the first jolt in an otherwise “choppy” cycle for theprice of bitcoin, weeks of ups and downs with no clear trading patterns to yield profits. “It’s been out since Monday,” one of the traders interjects amidst sudden silence, clearly bored by bitcoin’s stability. Debate ensues over the hit Netflix series House of Cards. For a moment, it could be any Wall Street break room. “Look at this one-minute candle, holy [expletive]!” exclaims another voice. Just as quickly, Whale Club is …

Advcash – A New Anonymous Prepaid MasterCard [Recharge it with Bitcoin]

admin Bitcoin News, Bitcoin Resources & Tools, Bitcoin Services, Exchanges, Payment Solutions Providers 2 Comments

BitPay signed a deal with online payment solutions provider, Advanced Cash, to offer its bitcoin processing services. Belize-based electronic payments provider, Advanced Cash, has entered into agreement with BitPay, the globe’s major bitcoin payment processor. The deal will help Advanced Cash to improve its bitcoin services to customers all over the world. The company provides a wide range of solutions, including e-wallets, virtual MasterCard and Advanced Cash plastic cards. The benefit of using the firm’s cards is that it implies 0% annual fee. Besides, the website allows users to make money transfers to more than 200 countries globally. The bulk payment feature enables businesses to make mass regular payouts, such as wages, in one batch. In comparison with traditional bank accounts, the company offers easier and cheaper transfer instruments. Given the ongoing expansion of the bitcoin industry, Advanced Cash has to offer effective and reliable payment solutions in order to compete with other industry players and satisfy the customer needs. “We are excited to finally be able to offer our customers an easy and affordable way to fund their e-wallets in Bitcoin and then manage their online funds the way they want. We definitely see a growing demand for this. …