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Bitcoin price: How to buy bitcoin? Is it easy to buy cryptocurrency? How do you get BTC?/ bitcoin exchange,Cryptocurrency exchange,CoinMarketCap,poloniex,bitfinex

BITCOIN (BTC) is continuing its remarkable rally. Yet despite the flagship cryptocurrency receiving significant attention in the financial press, most people do not know how to buy bitcoin. The price of bitcoin has hit its highest level since May last year, as the crypto’s surge going from strength to strength. Bitcoin is currently trading at £7,406 ($9,291) at 9pm on Monday, June 17, having begun 2019 trading well below $4,000. Industry insiders believe the wide-spread rumours Facebook is set to launch its own crypto competitor have fuelled the bitcoin bounce, along with a raft of rival cryptocurrencies. The world’s most valuable cryptocurrency remains a long way off its peak price of close to $20,000, which it reached in late 2017. How to buy bitcoin? Before you buy bitcoin, users must first download a bitcoin wallet. First time customer will be required to fill out a simple online form with basic details. Once users have a bitcoin wallet, they use a traditional payment method to buy bitcoins on a bitcoin exchange, before the bitcoins are transferred to your wallet. Exchanges are digital platforms where bitcoin are exchanged for fiat currency, for example, BTC for US dollars. Since wallets must be secure, exchanges do not encourage storing large amounts of bitcoin or for long periods. Therefore, it is advisable to transfer your Bitcoins to a secure wallet. Security must be your top priority when choosing a bitcoin wallet, so opt for one with a multi-signature facility. The user then clicks the Buy tab to purchase crypto currency and the Sell tab to exchange digital asset. Users select which currency is to be bought or sold and which payment method will be used. The common assumption that bitcoins are stored in a wallet is actually incorrect. Bitcoins are not stored anywhere and bitcoin balances are maintained using public and private “keys,” which are long strings of numbers and letters linked through the mathematical encryption algorithm used to create them. The public key, analogous to an international bank account number, is the address published to the world, and to which others may send bitcoins. The private key, similar to a bank PIN number should be a guarded secret and only used to authorise bitcoin transmissions. Safeguards for a Bitcoin wallet include encrypting the wallet with a strong password and choosing the cold storage option; that is, storing it offline. Although Bitcoin is homogenous, BTC’S price varies across countries and even exchanges within the same country, giving rise to arbitrage opportunities. The number of places where Bitcoins can be spent is rapidly increasing rapidly. And the increased acceptance of Bitcoin is boosting its footprint across the globe and helping to secure official recognition as a legitimate mode of payment.

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Crypto Exchange Binance Issues Update on Stolen Bitcoin (BTC), Says Trading Freeze Incoming/ bitcoin exchange, bitcoin margin trading,bitseven,bitcoin exchange

Bitseven.com - Leading cryptocurrency exchange Binance says it has beefed up security since last week’s breach, and is working to make the platform fully functional for traders. After an extensive search, the company says it has confirmed no additional funds were stolen and that initial reports that 7,000 Bitcoin (BTC) were lost are accurate. The $40.5 million hack forced Binance to disable withdrawals and deposits. The team worked throughout the weekend to make sure the system is ready for use and now plans to resume deposits and withdrawals on Tuesday, May 14th. For upgrades to be fully implemented, however, trading will need to be suspended. According to the announcement, “We have made some significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected.” “We aim to fully resume deposits and withdrawals on Tuesday. The time will be communicated at a later stage, depending on how the testing goes. This upgrade will require a trading halt. We will update you again tomorrow.” Binance CEO Changpeng “CZ” Zhao says the team has made various changes to key procedures. “We are making significant changes to the API, 2FA, and withdrawal validation areas, which was an area exploited by hackers during this incident. We are improving our risk management, user behavior analysis, and KYC procedures. We are working on more innovative ways to fight phishing. We also have a number of additional security measures being implemented not directly visible on the front end.” The exchange will also integrate new hardware devices to improve security. “We will be adding hardware device support, such as YubiKey and other devices, very soon. We will run an event and give away 1,000 YubiKeys as soon as that feature is implemented.”

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Bitcoin price may have hit bottom, according to this long-term indicator../ FX Margin bitflyer,CoinMarketCap,poloniex,bitfinex,bitmex,bittrex,bithumb,bitcoin price

Bitseven.com - A recent price analysis suggests that Bitcoin (BTC) may finally have bottomed out. Coindesk reports that one significant long-term indicator has turned bearish for the first time in four years.

Analysis of the BTC price shows that its 50-week moving average (MA) has dropped below the 100-week MA, which confirms a 'bearish crossover'. This is happening for the first time since April 2015.

The crossover basically indicates that the market has been bearish for a considerable amount of time, and it is a good indicator that the selling pressure may now have been exhausted.

The last time the bearish crossover happened, BTC hit a price level around $150, before rising up to consolidate between $250 and $300. Not long after, a long bull market started to kick into gear. This was also around the time of the second halving of mining rewards, in July 2016. With the third halving coming up next year, this is more evidence to suggest that the pattern may repeat itself.

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Major Exchange Faces System Overload as Bitcoin (BTC) Plummets After Yesterday’s Surge/ CoinMarketCap,poloniex,bitfinex,bitmex,bittrex,bithumb,bitcoin price,etf bitcoin

The crypto markets plummeted today following yesterday’s price surge that was widely seen as being highly bullish by many analysts. Yesterday’s sharp and sudden surge sent Bitcoin above $4,000, which had previously been a strong level of resistance for BTC.

Today, however, the crypto markets have plummeted, sending BTC down towards $3,800. This recent volatility has led to an influx of trading volume that temporarily had an adverse impact on Binance’s systems.

Bitcoin (BTC) Plummets Below $4,000 Amidst Market Sell-Off

At the time of writing, Bitcoin is trading down nearly 6% at its current price of $3,825. Yesterday, BTC’s price exploded to highs of $4,200 before running out of buying pressure and plummeting to its current price levels.

This volatility has highlighted the importance of Bitcoin’s 100-day moving average and 50-day moving average as key levels of support, which must continue to hold or else significantly further losses could be in play.

Chonis Trading, a popular cryptocurrency trader on Twitter, spoke about the importance of these moving averages as levels of support in the near-term, noting that a close above these levels is ideal on a daily chart.

“$BTC – Two key moving averages that ideally need to hold support on the daily candle close”

Bitcoin’s drop has led most cryptocurrencies to fall today, with Ethereum plummeting 9%, Litecoin plunging 12%, and XRP dropping 7%.

Major Crypto Exchange Faces System Overload Amidst Market Volatility

This bout of weekend volatility has been driven by increased trading volumes, which have climbed from weekly lows of $6.5 billion to their current levels of nearly $11 billion.

This sudden surge in trading volume led Binance’s systems to face delays as they incurred an all-time-high trading system load earlier today.

Changpeng Zhao (CZ) – the CEO of Binance – spoke about the system load his exchange saw earlier today in a recent tweet, noting that the delays occurred during the system’s auto-scaling.

“We seen [sic] ATH for trading system load about an hour ago, some users experienced ui delays during system auto scaling.  Still improving.”

The recent surge in volume signals that cryptocurrency traders are becoming increasingly keen on finding trading opportunities during the relatively quiet market conditions.

As the markets head into the week ahead it is likely that analysts and investors alike will gain greater insight into where Bitcoin’s new support and resistance levels exist, and to whether or not Bitcoin’s recent lows in the low-$3,000 region are a long-term bottom.

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Bitcoin Price Recovers as BTC Adds $4.3 Billion in 3 Days: Can the Momentum be Sustained?/ bitseven,bitcoin exchange,Cryptocurrency exchange

After Feb 8 rockets, it is clear that momentum has shifted from bearish to bullish. Further padded by supportive fundamentals, it is likely that BTC will break and close above $3,800 ushering in a demand wave that would see prices retest $6,000.

Bitcoin Price Analysis Fundamentals There is a crisis in Venezuela, and the government’s endless tussle is wrecking ordinary Venezuelans. To quantify how nerve-wracking it has been for Bolivar dominated investments, if you had $1 million worth of Bolivar before the super hyperinflation, that value would be worth $3.4.

That’s how grim the situation is and dark days are expected because of a political standoff. Maduro is clinching to power as the US and allies support the opposition leader. It doesn’t matter. There are no winners. The ones that stand to benefit are those who shifted their wealth to a censorship-resistant, political resistant super currency Bitcoin.

With no point of control, any Venezuelan who moved their stash to BTC before the value wiping inflation has more than quadrupled his holding and still enjoying the luxury of spending his “money” without fear of confiscation.

Candlestick Arrangements

From a top-down approach, BTC is trading within a bearish breakout pattern with resistance at $5,800–$6,000 zone.

That is almost double the prices of spot rates and a rather ambitious target considering price dumps of the last 13 months. Even so, our previous BTC/USD price analysis is valid, and as long as there is confirmation of Feb 8 bull bar, odds are prices will surge above $3,800 as prices snap back to the trend set in motion by Dec 17.

There are technical reasons backing our stand. First, BTC has support at the 78.6 percent Fibonacci retracement level after correcting from Dec 2018 highs of $4,500. Secondly, following price springs of Feb 8, we now have a double bar bull reversal pattern complete with high trade volumes.

Although there might be attempts to buy on dips, it’s preferable to wait for satisfactory breakouts. That will only happen once prices close above $3,800 as laid out in previous BTC/USD trade plans.

Technical Indicators Propelling prices from $3,400-500 zone were high volumes exceeding those of Jan 28—17k and those of Jan 20 of 20k. However, Feb 8 volumes were lower than that of Jan 10. All the same, at 31k, it surpassed previous averages of 11k. As a result of this, it is likely that bulls are back and all we need is a close above $3,800 as bulls reaffirm Feb 8 bull bar - bitseven.com.

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New Analysis Shows Bitcoin Still Dominates the Cryptocurrency Market in terms of Overall Activity/ Cryptocurrency exchange,FX Margin bitflyer,CoinMarketCap,poloniex,bitfinex,bitmex,bittrex,bithumb,bitcoin price,etf bitcoin

Bitseven.com - As per a research piece released by LongHash a couple of days back, Bitcoin is still the undisputed alpha of the crypto world. To put things into perspective, the study shows that the premier asset has more active wallet addresses than the next four coins (from the POV of total market cap) behind it. In terms of determining the popularity of a crypto project, LongHash’s research team believes that using the number of ‘active wallet addresses’ associated with an altcoin is a better metric than employing its overall market cap. On the subject, the study notes: “Wallet addresses help measure a cryptocurrency’s ‘foot traffic’. Thus, by looking at the number of unique participants engaging with a cryptocurrency, we can better understand its popularity.” A Closer Look at the Study For their study, the folks over at LongHash took into consideration the wallet activity associated with today’s top 5 digital currencies for a period of seven days. Upon the completion of this timespan, the research team found that total number of active Bitcoin addresses came up to an impressive figure of 592,090 (a no. that is twice more than Ethereum’s address count of 217,482). Similarly, even though XRPs market cap may currently outweigh that of Ether’s, it is worth noting that the latter by far is “more popular” in terms of total active addresses. This can be attributed to the fact that Ethereum currently possesses one of the most active and dynamic dev communities in the world today. Lastly, EOS and BCH possess a total of 63,327 and 19,713 active addresses respectively. Final Take A highly interesting nugget of information that the study puts forth is that through the course of the 2018 bear market, Bitcoin’s overall blockchain activity has remained remarkably strong (with around 400,000 wallets being active within the asset's ecosystem at any given time). Such high usage rates demonstrate the growing clout of digital currencies and how more and more people are slowly turning to them in favour of conventional bank-based services.

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Thailand speeds up blockchain adoption despite bitcoin plunge/ bitcoin exchange, bitcoin margin trading,bitseven,bitcoin exchange,Cryptocurrency exchange

Country's cryptocurrency exchange plans to raise $10m in security token offering BANGKOK -- Thai cryptocurrency exchange pioneer Satang Corp. is defying the recent meltdown in virtual currencies with plans raise $9.9 million in a security token offering early next year, as the government accelerates adoption of the blockchain technology behind virtual currencies.Satang's plan has the backing of the Thai government, which wants to make Thailand a center for blockchain."We are aiming for the first quarter of 2019 to do the security token offering," Satang CEO Poramin Insom said.Security tokens are a new method of fundraising for cryptocurrency companies which offer investors a share in profits from certain assets through a dividend. The value of the tokens fluctuates according to the performance of the company.The tokens are designed to avoid the regulatory problems that were encountered by the industry's previous fund-raising method - initial coin offerings, or ICOs, which often did not comply with U.S. securities laws. However Beijing this weekend announced that security token offerings remained illegal in China as they had not yet been authorised.Satang intends to use the proceeds of the security token offering to develop Satang App, an e-wallet that allows consumers to make payments. It also plans to set up Satang Shops at tourist hot spots like Phuket and Pattaya.Satang's announcement comes at a time of turbulence in the cryptocurrency markets. The price of bitcoin, the most common cryptocurrency circulated around the world, tumbled 44.6% to $3,474 on Nov. 25, the lowest level since September 2017, from $6,270 on Nov. 14, just before the recent series of drops started.But Satang's plan has the support of the Thai government, which wants to incorporate the technology into its systems and establish a regulatory framework for blockchain and cryptocurrencies.The Thai revenue department revealed early November plans to track tax evasion using blockchain technology. Blockchain will help to verify tax amounts, speed up the refund process and add transparency and security, said the department Director-General Ekniti Nitithanprapas. He previously said that applying new and emerging technologies such as blockchain and big data in the tax collection system are his priorities."The government will run the upcoming national digital ID platform on blockchain," said Kirida Bhaopichitr, director for Thailand Developmet Research Institute Economic Intelligence Service, referring to the government infrastructure intended to provide a flexible and highly secured method of self-identification for any Thai citizen. "It would allow the government to trace transactions, and would also reduce paperworks for ordinary people."In June, Thailand legalized seven cryptocurrencies: bitcoin, ethereum, bitcoin cash, ethereum classic, litecoin, ripple and stellar. It also allowed a limited number of cryptocurrency exchanges and broker-dealers to apply for operating licenses.In August, the Bank of Thailand said it would create a digital currency to be used for transferring money among commercial banks and the central bank. It said it would work with eight commercial banks to build a prototype.On Nov. 23, the Thai SEC sent a warning to 14 unauthorized cryptocurrency exchange operators, in a sign that its regulatory system is working and flagging up malpractices.Apart from Satang's STO, the second largest cryptocurrency exchange in South Korea, bithumb, said in July it would open an exchange in Thailand, thanks to the clear-cut regulatory framework there.Satang CEO Poramin was behind another blockchain milestone in the country earlier this month. He applied the technology for the first time in the world in an election -- Thailand's Democrat Party used it to conduct a primary election to select a leader.The nationwide electronic voting process involving 120,000 voters took nine days instead of the originally planned five due to a technical glitch, but it successfully avoided classic errors such as multiple counts of a single vote and result manipulation.But it is not thought that blockchain would be employed in the general election that could be held as early as Feb. 24 next year.Yet Poramin is ambitious. "I hope that other political parties or even the government not just in Thailand but in the region can look to using blockchain technology in enabling large scale e-voting or polling," he said - bitseven.com.

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Bitcoin owners told to transfer savings out of Bitpay wallets after private keys stolen/ bitcoin exchange ,bitseven,bitcoin exchange

A popular cryptocurrency exchange has warned customers that their Bitcoin could be stolen after hackers managed to create a backdoor in the service.Bitpay said that customers using earlier versions of the app should “assume” that an attacker had stolen the private keys needed to access their cryptocurrency.The attacker - or attackers - are understood to have infected a code library used by the service several weeks ago and have been quietly siphoning the keys unbeknown to the owners. Customers using Android and iOS versions 5.0.2 through to 5.1.0 of its Copay app are affected, it warned. They were advised to update the app and move Bitcoin to a new wallet. A spokesman for the US-based payments company said: “Our team is continuing to investigate this issue and the extent of the vulnerability. In the meantime, if you are using any Copay version from 5.0.2 to 5.1.0, you should not run or open the app. A security update version (5.2.0) has been released and will be available for all Copay and BitPay wallet users in the app stores momentarily.”The attacker, who has been sending the keys to a server located in Malaysia, was able to compromise Bitpay by infecting an open-source code library the app was dependant on. Dominic Tarr, the software engineer who create the code, was harassed on social media after it emerged that the hackers were able to deploy the malware after he handed them access. “Of course, If I had realized they had a malicious intent I wouldn't have, but at the time it looked like someone who was actually trying to help me,” he wrote in a statement. Tarr added that this was “not just a one off thing” and that it was likely that several code libraries in use by companies around the world were vulnerable to similar attacks - bitseven.com.

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