Bitcoin Mining Firm KnCMiner Closing Operations Due to Bankruptcy

Bitcoin Mining Firm KnCMiner Closing Operations Due to Bankruptcy   Sweden-based bitcoin mining firm KnCMiner, a startup that has raised $32m in venture funding from investors including Accel and Creandum, has declared bankruptcy. Once one of the industry’s fastest-growing mining firms, the bankruptcy filing and entrance into receivership marks a new and perhaps penultimate phase for KnC, which…

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Did the Newest Bitcoin Gains Resulted from Ethereum’s Loss?

Did the Newest Bitcoin Gains Resulted from Ethereum’s Loss?   The price of bitcoin appreciated nearly 4% for the week ending 27th May, but the figure is perhaps not indicative of the wild trading action the market saw during the period. Such movements came as market observers are becoming more interested in the relationship between bitcoin, the token supporting the…

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Ethereum Mining Now Possible on Average PCs

Ethereum Mining Now Possible on Average PCs   Minergate, one of the largest multi-currency mining pools, has recently added the Ethereum mining feature to its mining client. The main idea behind Minergate is the ease of use and approachability for amateur miners, without any associated drawbacks for professionals. Variable difficulty, a defining feature of the pool, adapts…

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Russia Considering Issuance of National Cryptocurrency

Russia Considering Issuance of National Cryptocurrency   The Russian Ministry of Finance, known for its disdain and intent to criminalize bitcoin activity, is considering the issuance of a state-controlled cryptocurrency in discussions with banks and regulators. The idea of a state-controlled cryptocurrency in Russia is currently being deliberated in meetings between the Russian Ministry of…

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Bitcoin Price Technical Analysis: Strong Upward Jump

Bitcoin Price Technical Analysis: Strong Upward Jump   Bitcoin price could be due for a test of the $500 mark as bulls pushed it past the ascending triangle resistance. Bitcoin Price Key Highlights Bitcoin price finally made a strong upside breakout from the ascending triangle consolidation pattern visible on the long-term time frames. This puts…

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Q1 2016 was Overall Positive for Bitcoin

Q1 2016 was Overall Positive for Bitcoin   There’s never a dull day in Bitcoin-land and this year’s been no different so far. We look at the ups and down of an overall positive Q1 2016. Bitcoin Q1 2016 Bitcoin’s value has remained relatively stable over the past couple of months at roughly the $425-450 USD…

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Bitcoin Price Technical Analysis: Early Selloff Signs

Bitcoin Price Technical Analysis: Early Selloff Signs Bitcoin price made a break of the short-term trend line support, signaling a potential selloff from here. Bitcoin Price Key Highlights Bitcoin price had been moving above an ascending trend line on its 1-hour time frame. Price just made a downside break of support as risk aversion seems…

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