Julian Assange

Julian Assange Sees Bitcoin Donations Flowing In

The arrest of Julian Assange has caused an uproar around the world resulting in donations pouring in. The WikiLeaks defence fund has already received roughly $20,000 dollars in bitcoin donation in just 24 hours.

Julian Assange Sees Donations Flowing

Julian Assange, who had been living at the Ecuadorian embassy in London for seven years, was arrested Thursday morning after the country’s president rescinded the WikiLeaks founder’s asylum status. 

Assange’s eviction has caused an uproar across the globe. WikiLeaks editor-in-chief Kristinn Hrafnsson and Edward Snowden both said the arrest marks a “dark day” for press freedom.

The move has also motivated many to donate funds to the official WikiLeak’s defence fund.

Personalities who regularly supported Assange and WikiLeaks for exposing corruption by governments and top-level organizations, rallied people to donate to the WikiLeaks defence fund. It currently accepts Bitcoin, ZCash, as well as traditional payment methods including bank cards, and even cash or cheque.

As Bitcoinist reported yesterday, the wallet address for BTC donations jumped to a balance of 2.61 BTC ($13,200 USD) with around 20 transactions occurring since Assange’s arrest. Over the past 24 hours, nearly 140 more donations were sent. 

The total at press time is approximately 6.173 BTC or over $31,000 dollars and counting. 

Bitcoin as ‘Free Speech Money’

Julian Assange had previously showed his support for Bitcoin despite some previous opposition from the industry itself. In Apil 2018 US cryptocurrency exchange Coinbase suspended WikiLeaks’ use of its services to much backlash.

In turn, WikiLeaks accused the San Francisco-based cryptocurrency exchange of ulterior political motives and obeying a “concealed influence.” It also called for a boycott of Coinbase, while continuing to accept Bitcoin donations directly. 

WikiLeaks initially began accepting bitcoin after many credit institutions, banks, and payment services like PayPal and Visa withdrew support in 2010.

Since then, several other companies such as social network Gab have followed WikiLeaks’ example. Being on the receiving end of an economic blockade of their own, the platform began accepting bitcoin as a way to transfer value without political interference dubbing it ‘free speech money.’

Over $22 Million Donations in BTC and Counting

Bitcoin has proven to be a boon for WikiLeaks and Julian Assange. Not only has it allowed the organization to bypass censorship and political influence, the donations have also skyrocketed in value as bitcoin price increased a staggering 103,000 percent over the past 7 years.

By 2017, the organization had received over 4,000 bitcoins that were now worth over $22 million. In result, Assange ‘thanked’ his organization’s adversaries for introducing them to bitcoin, saying:

My deepest thanks to the US government, Senator McCain and Senator Lieberman for pushing Visa, MasterCard, Payal, AmEx, Mooneybookers, et al, into erecting an illegal banking blockade against WikiLeaks starting in 2010. It caused us to invest in Bitcoin — with > 50000% return.

At the end of the day, the decision to use Bitcoin as a donation method really paid off for the non-profit that has kept it alive and kicking throughout the past decade.

What do you think about Julian Assange’s arrest? Let us know in the comments below!


Images via Shutterstock, WikiLeaks

The post Julian Assange Nets $20K in Bitcoin Donations in 24 Hours appeared first on Bitcoinist.com.

Source: Bitcoininst

Bitcoin Price Falls

Bitcoin Falls Back To Support Level After Failed Breakout

Bitcoin (BTC) has fallen back close to psychological support at $5,000 after a failed breakout Wednesday.

The number one cryptocurrency by market valuation made a strong bullish break from an ascending triangle pattern yesterday evening at 18:00 UTC, reaching a peak of $5,488 on the Coinbase exchange.

However, that move was quickly rejected and an increase in selling pressure on today’s open laid the pathway for bitcoin to slide, first to $5,200 overnight, then quickly to $5,018 soon before press time.

At press time, bitcoin is trading at $5,068, down over 3 percent for the session, as per CoinDesk price data.

The drop may now have thrown a spanner into a bullish market setup that had looked likely to propel prices to highs not seen since late last year. Had bitcoin’s triangle breakout succeeded, a measured move to $5,800 was on the cards. However, bitcoin fell $300 short of that target as buyer volume fell short on the day.

All is not lost, however. If prices remain…

Continue reading at COINDESK.com

 

litecoin

How high will Litecoin go in 2019?

If you’re thinking of investing in Litecoin this year, then it is the perfect time for you. According to experts, 2019 can be the best year for Litecoin. Cryptocurrencies are going through a bullish trend, and the momentum is growing day by day. Some analysts predict that Litecoin can trade in the range of $30 and $7,500 this year.

Fast processing speeds

This open-source blockchain is faster than any other cryptocurrency and its average processing time takes around 2 minutes. There is no transaction fee attached to Litecoin. In few months Litecoin can easily reach $3,500 mark. The developer community loves Litecoin as it works under a lightning fast network.

Developer faith improves performance

Founders of Litecoin have a good stature, and people put their faith in them. The volatility level is lesser when compared to other Cryptocurrencies. With an every growing developer base, Litecoin is here to stay, and it will grow rapidly. One of the most positive aspects of Litecoin is that it stays stable even if there is a big market crash. Though you might experience a fall, it will be much less than other currencies.

Building relationships with Banks help in the long term too

Litecoin has started establishing relationships with few banks that has helped in improving its reputation. People have started…

Continue reading at THEOOFY.com

 

Bitcoin

Is Bitcoin just a big April Fool joke?

Every time I read about Bitcoin, and listen to those hyping its investment potential and telling us it’s even better than tulip bulbs, I can’t help wondering if someone’s having a laugh.

I mean, why would the price suddenly jump on 2 April, from around $4,000 the previous day, and then hover around the $5,000 level for the rest of the week?

The big surge actually took place over a period of only about an hour, and there surely must be a reason. Mustn’t there? When something like that happens with a company stock, it’s almost certainly a result of some upbeat news. But of Bitcoin there was none. Or was there?

No, really?

One suggestion is that the rally was sparked by an April Fool joke. According to the prank, the rational investing world had finally seen the light, and the US Securities and Exchange Commission had decided to approve the launch of Bitcoin-based exchange traded funds (ETFs). Not just one, mind, but two. This was serious stuff. Bitcoin was finally getting the recognition it deserved.

The 1 April story claimed that the Bitcoin price soared on the result to over $6,000, adding billions to the total value of the stuff. Of course, that wasn’t true, but the almost perfect echo the very next day did seem a little spooky.

The question of what actually did drive the rally has been puzzling traders all week, with various speculative reasons being touted. Some even suggested it might be down to…

Continue reading at THE MOTLEY FOOL

Billionaire Mike Novogratz says to sell Litecoin and buy Bitcoin

Mike Novogratz, the founder of Galaxy Digital and a well-known Bitcoin (BTC) proponent, has made further comments indicating his bullishness for the market’s number 1 digital asset and its “digital silver” equivalent, Litecoin (LTC).

Michael Novogratz

@novogratz

Gold has an $8.5 trillion dollar market cap. Silver is $15bn That is .17%. has a $90bn mkt cap. is $5.7bn which is 6.4% of . Silver is at least useful for industrial production. is a glorified test net for . I don’t get this rally. Sell buy .

1,360 people are talking about this

Tweeting that “Litecoin is a glorified testnet for Bitcoin”, Novogratz doesn’t understand the price spike which Litecoin has also seen in recent times.

Of course, the founder of Litecoin, Charlie Lee, who also frequently takes to Twitter to offer his opinions on the space, countered Novogratz’s remark by saying that there was plenty of use for the token and referred to upcoming features that would give it increased utility…

Continue reading at THE MOTLEY FOOL

Bitcoin

Will The Bulls Maintain The Positive Bitcoin Sentiment Around $5,000?

Following our previous Bitcoin price analysis, we can see that Bitcoin had broken up the $5100 resistance and quickly regained position to our mentioned target at $5300 area.

After completing the above target, we saw Bitcoin rapidly dropping 10%, which is very reasonable following the $1100 bullish move. As of now, Bitcoin is struggling with the tough resistance of the $5000 level.

Total Market Cap: $174.45 Billion

Bitcoin Market Cap: $87.7 Billion

BTC Dominance: 50.3%

Looking at the 1-day & 4-hour charts

– Support/Resistance:
From above, Bitcoin is still facing the $5000 area. The bears had set there high supply levels and it seems that the task won’t be so easy. As mentioned in our previous analysis, the next significant resistance area of $5300, further resistance (weak) lies at $5500 before reaching the 2018 legendary support turned resistance line at $5700.
From below, there is strong support around $4700 (38.2% Fibonacci retracement level) and even stronger support around $4600, where lies the 200-days moving average line of the daily chart (marked in light green). It’s likely to see the strong daily MA-200 getting retested again – Whether it will be soon, around $4600-4700 or in the next couple of weeks. Below lies resistance turned support levels of $4500 (61.8% Fibonacci retracement level) and $4400.
– Daily chart’s RSI: Stochastic RSI oscillator is stretched out and could be crossing down soon in the overbought area. This could signal on a coming up correction to retest prior support levels.
– The daily trading volume: The recent Bitcoin FOMO was followed by massive amount of volume during Tuesday and Wednesday. Yesterday’s sellers’ volume candle was a lot smaller, which is how a bull market needs to look like (high green candles vs. short red candles). Monitoring the volume in the next days will be interesting.
– BitFinex open short positions: There was not much of a change in this field, as the open short positions stand around 20.8K of BTC open positions.

BTC/USD BitStamp 4-Hour Chart

btc_apr5_4h-min

BTC/USD BitStamp 1-Day Chart

btc_apr5_d-min

The post Bitcoin Price Analysis April.5: Can The Bulls Maintain The Positive Sentiment Around $5000? appeared first on CryptoPotato.

Source: Crypto Potato

Bitcoin

IS BREXIT CHAOS LIFTING BITCOIN OUT OF THE BEAR MARKET?

One of the first suggestions to hit crypto-Twitter can be blamed on the breakout’s unfortunate timing. Yep, Bloomberg and The Telegraph even went as far as reporting that the whole thing could be down to an April Fools joke. The joke in question? A spoof article on Finance Magnates, claiming that the SEC had approved two Bitcoin ETFs in an emergency Sunday night meeting.

There are two problems with the theory: Firstly, Finance Magnates. Fair play to FM for the gag (it was certainly one of the most creative in the crypto-space this year). However, the idea that the whole crypto-verse read that article, and despite nobody else reporting the story, decided to buy, buy, buy… Nah.

Secondly, it didn’t actually happen on April 1st; or at least not before midday, wherever in the world you are. By that time the article had been updated to include very obvious [April Fools] spoilers.

BECAUSE… BREXIT?

Now, we’re being led to believe that Brexit might be to blame… bless the Dutch. The idea behind this theory is that, due to the uncertainty over Brexit, Brits are following the example of Venezuela and going all in on Bitcoin.

Is it Plausible…

Continue reading at BITCOINIST.com

3 Reasons Bitcoin’s Price Suddenly Surged Back to $5,200

The crypto market sprang back to life with bitcoin’s surge to nearly 5-month highs yesterday. But why?

To those who have been paying attention to the charts, it shouldn’t come as a surprise. The leading cryptocurrency by market value jumped nearly $1,000 to $5,080 in a 60-minute window early on Tuesday, confirming a transition from bear market to bull market that it had been signaling for some time.

In fact, after a year-long bear market, savvy traders were waiting on a trend change that would gain credence if and when prices established the most basic of all bullish technical patterns – a higher low and a higher high on its weekly charts. (A higher high would have been confirmed above $4,236.)

Looking back, a big move was overdue, as bitcoin’s average daily trading range had slipped to two-year lows in March. An extended period of low volatility often ends up with a violent move on either side.

That low volatility period ended with a strong bullish breakout, possibly due to the following three reasons:

1. Technicals were foreshadowing a bullish move

As mentioned, bitcoin’s charts have been signaling for some time that a bottom may be in the market.

This first began in late February, when we reported that bitcoin’s 50-week moving average dropped below the 100-week moving average, confirming a bearish crossover – the first since April 2015.

At the time, we wrote that the lagging indicator had turned bearish for the first time in four years, suggesting bitcoin’s price may have bottomed out after a year of declining prices.

We wrote…

Continue reading at COIN DESK

Bitcoin SKYROCKETS 22% to $5,000 In Just Minutes

Within minutes, Bitcoin had reached an extraordinary top of $5106 on Bitfinex, while the daily low was $4172. This means 22% of gains over the past two hours.

Since then and as of writing this, the coin had corrected down a bit and now trading for $4800 (Bitfinex).

Such intra-days movements were common during the first years of Bitcoin; however, a daily rise of more than 20% is the most significant daily gain since the very beginning of 2018. On April 12, Bitcoin had seen a daily range of $6758 to $8069.

As of writing this, it’s not very clear what had caused Bitcoin to rise so sharply. However, as we know the crypto markets, you should always expect the unexpected.

Altcoins Are Dumping: While Bitcoin is celebrating in green, the vast majority of altcoins is crashing against their Bitcoin’s value. As always when there is a strong move in Bitcoin, the Altcoins are affected. Against Bitcoin, we can see drops of more than 10% in value in the major coins such as Ethereum and Ripple price.

btc_apr2-min

Bitcoin Dominance 50% Warning

On our previous BTC price analysis, we’ve warned that the Bitcoin dominance, which is the BTC share over the crypto markets, gets to 50% for the first time in months.

There were two options – either Bitcoin will skyrocket from here, or else drops severely to cause the altcoins to fall even more (which will raise the dominance). As you could see, the cryptocurrency had chosen the first option so far.

The post Breaking: Bitcoin Surges 22% to $5000 In Just Minutes (and It’s NOT April Fools) appeared first on CryptoPotato.

Source: Crypto Potato

Bitcoin Price Posts Biggest Quarterly Gain Since Late 2017

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  • Bitcoin closed the first quarter of 2017 with 10.91 percent gains – the biggest quarterly gain since the fourth quarter of 2017.
  • While bearish exhaustion is evident, a bullish reversal above $4,236 still remains elusive. A sustained break above that level may not happen in the next few months, as the price seems to be mimicking the bottoming pattern seen in nine months leading up to the October 2015 bull breakout.
  • Bitcoin’s short-term outlook remains bullish as Friday’s close above $4,055 bolstered the bullish setup on the daily chart. The cryptocurrency could test the February high of $4,190 this week.
  • However, a persistent failure to clear $4,130 – the high of a doji candle created on Saturday – may invite selling pressure and yield a drop to the crucial 30-day moving average, currently at $3,938.

Bitcoin made double-digit gains in the first three months of 2019, marking its best quarterly performance since Q4 2017.

The crypto market leader closed (UTC) yesterday at $4,096, representing a 10.91 percent gain on January’s opening price of $3,693, according to Bitstamp data.

That is the first double-digit quarterly gain since the final three months of 2017 when prices had rallied a staggering 220.84 percent.

Back then, the…

Continue reading at COINDESK.com