Bitcoin is a market for criminals and millennials, Dennis Gartman says

  • Commodities guru Dennis Gartman is not backing off his dramatically bearish stance on bitcoin.
  • “This is a market … for criminals, this is a market for millennials,” Gartman told CNBC’s “Fast Money” on Monday.
  • Even the cryptocurrency’s tendency to bounce back in a big way from steep declines is not swaying Gartman.
  • Monday marked yet another instance of Gartman trashing the cryptocurrency.
  • Gartman added that he appreciates cryptocurrency’s use of blockchain technology, but he believes there are better uses for blockchain.

Bitcoin bear Dennis Gartman still will not buy bitcoin, despite predictions that the cryptocurrency will rebound.
Continue reading “Bitcoin is a market for criminals and millennials, Dennis Gartman says”

Bitcoin is a market for criminals and millennials, Dennis Gartman says

  • Commodities guru Dennis Gartman is not backing off his dramatically bearish stance on bitcoin.
  • “This is a market … for criminals, this is a market for millennials,” Gartman told CNBC’s “Fast Money” on Monday.
  • Even the cryptocurrency’s tendency to bounce back in a big way from steep declines is not swaying Gartman.
  • Monday marked yet another instance of Gartman trashing the cryptocurrency.
  • Gartman added that he appreciates cryptocurrency’s use of blockchain technology, but he believes there are better uses for blockchain.

Bitcoin bear Dennis Gartman still will not buy bitcoin, despite predictions that the cryptocurrency will rebound.
Continue reading “Bitcoin is a market for criminals and millennials, Dennis Gartman says”

Bitcoin and Ethereum Price Forecast – Prices Continue to Crash

#bitcoin and #ethereum Price Forecast  Prices Continue to Crash

  • It has been a large, broad-based drop across all the cryptocurrencies as we believe that the market is undergoing an important stage in its maturing process.
  • Due to the specific nature of different … Continue reading Bitcoin and Ethereum Price Forecast – Prices Continue to Crash

    It has been a large, broad-based drop across all the cryptocurrencies as we believe that the market is undergoing an important stage in its maturing process.

  • We saw the bitcoin prices crash below $2000 and the ethereum prices crash below $140 over the weekend in a broad based correction.
  • Then there are the ICOs where various crypto based startups collect funds in ethereum and with several million collected by them over the last few weeks, they need to convert some part of them into USD and hence they are probably dumping them into the market.
  • We expect the $2000 round figure to play a similar role as far as bitcoin prices are concerned and retail traders would be advised to stay well away from these markets for now and wait for all the dust to settle down.

It has been a large, broad-based drop across all the cryptocurrencies as we believe that the market is undergoing an important stage in its maturing process. Every market goes through such a process for a variety of reasons and it is the same in this market as well. Due to the specific nature of different
Continue reading “Bitcoin and Ethereum Price Forecast – Prices Continue to Crash”

Bitcoin wallet start-up Blockchain raises $40 million from Google, billionaire Richard Branson

  • Blockchain, a bitcoin wallet start-up, has raised $40 million led by venture capital firm Lakestar, Google’s investment arm GV, and billionaire Richard Branson, the company said on Thursday.
  • The investment comes at a time of rising interest in cryptocurrencies, especially bitcoin, which recently hit a record high and has seen a massive rally since the start of the year.
  • Blockchain has created a bitcoin wallet which is essentially a piece of software to store the digital currency and carry out transactions with other users.
  • The money will be used to expand the team further and invest in more research and development, Blockchain CEO Peter Smith, told CNBC on Thursday.
  • In addition, the start-up is looking to open new offices in different countries to expand.

Blockchain will use the money to expand into new territories.
Continue reading “Bitcoin wallet start-up Blockchain raises $40 million from Google, billionaire Richard Branson”

Nvidia to launch graphics cards specifically designed for digital currency mining

  • Nvidia, the market’s best-performing stock, is going to launch graphics cards specifically designed for cryptocurrency mining through its partners.
  • Product listings for Nvidia-based and AMD-based cryptocurrency mining cards recently appeared on the website of ASUS, a leading maker of graphics cards.
  • ASUS Nvidia-based mining card product page

    Nvidia, AMD and ASUS have not officially announced the digital currency mining cards, according to their website press pages.

  • The dramatic jump in digital currency prices this year is driving demand for Nvidia and AMD graphics cards.
  • AMD told CNBC in early June the “newly resurgent cryptocurrency mining markets” were driving demand for its graphics cards.

Nvidia will release graphic cards specifically designed for cryptocurrency mining through its partners, according to a source familiar with the matter.
Continue reading “Nvidia to launch graphics cards specifically designed for digital currency mining”

Nvidia to launch graphics cards specifically designed for digital currency mining

  • Nvidia, the market’s best-performing stock, is going to launch graphics cards specifically designed for cryptocurrency mining through its partners.
  • Product listings for Nvidia-based and AMD-based cryptocurrency mining cards recently appeared on the website of ASUS, a leading maker of graphics cards.
  • ASUS Nvidia-based mining card product page

    Nvidia, AMD and ASUS have not officially announced the digital currency mining cards, according to their website press pages.

  • The dramatic jump in digital currency prices this year is driving demand for Nvidia and AMD graphics cards.
  • AMD told CNBC in early June the “newly resurgent cryptocurrency mining markets” were driving demand for its graphics cards.

Nvidia will release graphic cards specifically designed for cryptocurrency mining through its partners, according to a source familiar with the matter.
Continue reading “Nvidia to launch graphics cards specifically designed for digital currency mining”

Bitcoin wallet start-up Blockchain raises $40 million from Google, billionaire Richard Branson

  • Blockchain, a bitcoin wallet start-up, has raised $40 million led by venture capital firm Lakestar, Google’s investment arm GV, and billionaire Richard Branson, the company said on Thursday.
  • Blockchain has created a bitcoin wallet which is essentially a piece of software to store the digital currency and carry out transactions with other users.
  • The money will be used to expand the team further and invest in more research and development, Blockchain CEO Peter Smith, told CNBC on Thursday.
  • Smith said that the recent rally in bitcoin has caused high demand for Blockchain’s wallet product, and the funding will help to meet that.
  • Blockchain has nearly 15 million sign-ups with “billions of dollars worth of monthly consumer wallet activity”, Smith said, adding this includes deposits and transactions.

Blockchain will use the money to expand into new territories.
Continue reading “Bitcoin wallet start-up Blockchain raises $40 million from Google, billionaire Richard Branson”