Bitcoin Price On A High Tension Wire
Bitcoin price is pushing higher once again but the market is struggling to make a new high since last week. Could this be the final push to resistance? The exchanges saw a bout of increased buying between 12h00 and 15h00 UTC when the bulls pulled price out of its ongoing two-day slump. At the time of writing the push has not produced a new high (since last week) in any of the exchange charts – with the exception of a nominal new high in the BTCC chart. The upside level to conquer is at $470 (Bitstamp) and 3000 CNY, shown in red in the 1-hour chart. Establishing trade above this long-term....
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Bank of America's filing for a patent for a bitcoin wire transfer system last year was published by the U. S. Patent and Trademark Office (USPTO) on September 17, 2015. The patent seeks to protect a cryptocurrency wire transfer system in which funds sent by a customer electronically could be transferred using the blockchain of the underlying cryptocurrency. In particular, the bitcoin wire transfer system would convert the sender's funds at a cryptocurrency exchange then sent to another cryptocurrency exchange to be converted to foreign fiat currency before the funds are received. Bank of....
The broader crypto market jolted hard owing to the tension between Russia and Ukraine. Uniswap broke below its crucial support level and was priced at $8.32. Bitcoin slid off its charts at press time, after noting a 9% depreciation. The crypto market had barely recovered from the December crash. With the Russia and Ukraine tension intensifying most altcoins have again lost much of their strength. Uniswap for instance at the current price level flashed a yearly low too. Uniswap had registered an all-time high of $45 in the month of May, last year post which the coin continued to dip on its....
Bitcoin price is pushing higher in a continuing rally that began in the last days of March leading into April. On April 20th, bitcoin value reached $1,243.9 on the Bitstamp Price Index (BPI). Bitcoin is now trading at its highest values in over 30 days, comparing to prices during a recovery from the Winklevoss ETF rejection by the SEC. The increasing gains come despite the ongoing scalability debate that has threatened to split bitcoin’s core software with a ‘hard fork’. The bigger topic over the past week has been the suspension of withdrawals and deposits of USD wire transfers from a....
The Bank of America Tower in New York City. Bank of America has filed a patent with the US Patent & Trademark Office (USPTO) for a system of wire transfers using cryptocurrency. Published 17th September, the patent describes a system in which funds are sent between accounts using cryptocurrency technology. The word "blockchain" or "block chain" does not appear in the patent. Thomas Edward Durbin and James Gregory Ronca, authors of the filing, state: "Enterprises handle a large number of foreign wire transfer requests on a daily basis. As technology advances, foreign transactions have....
Comparing Bitcoin to barbed wire from Timothy May’s “Crypto Anarchist Manifesto” can give insight into the gravity of this seemingly abstract invention.