BTT Token Coming Soon | First Step in Supporting Decentralized Internet

On Thursday, January 3rd, BitTorrent, Inc. said that it plans to launch a crypto token, called the BitTorrent token (BTT). While many have done something similar, CEO Justin Sun described the BTT token as having a competitive edge. BTT Token Coming Soon According to Sun, the BTT token is “the first in a series of steps to support a decentralized internet.” For the most part, the BitTorrent token will be used to achieve quicker download speeds. It can be bought, sold, and traded. Speaking further on the matter, Sun said…

Bitcoin is a ‘Black Box’ — I Won’t Invest in it: Analyst Gary Shilling

Renowned investor Gary Shilling believes Bitcoin is a black box. And he prefers to stay away from it. Speaking to Business Insider, the American financial analyst admitted that the digital currency is too opaque and complicated for him to invest in — and he will not invest in anything that he does not fully understand. Shilling also clarified that while he had attempted to learn about bitcoin’s economic model, he eventually found that the asset is “not transparent,” primarily because its creator Satoshi Nakamoto remains unidentifiable. “I’m just very suspicious…

Tron Price Analysis: TRX Well Positioned for 4 Cents, BitTorrent Tokenize

Latest Tron News Stellar and Tron Twitter armies may be feuding, but the truth is that these two platforms have different objectives. Like we have mentioned before, Tron is working overtime, drafting engineering and opening virtual offices across the world as they strive to create a blockchain based free content entertainment system. Their goal is to decentralize the web, create an internet of value where users can launch dApps and run smart contracts in a reliable, cheap and fast platform. By coming true and hitting milestones, the rise of TRX…

BTC Bullish Above $3,700, Overstock Path Paving

Latest Bitcoin News Aside from Bakkt, the never-ending wait for US SEC to comment or even approve Bitcoin ETF, the crypto and Bitcoin sphere is bereft of market-moving news. True, there are essential updates from time to time and what dominates right now is Overstock plans of “paying” their commercial activity taxes (CAT) using Bitcoin in the US State of Ohio. In a statement, the founder of Overstock, Patrick M. Byrne said: “The Company is proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help…

$4K Ahead? Bitcoin’s Low-Volume Price Pullback Could Be a Bear Trap

Bitcoin’s (BTC) recent pullback from highs above $4,200 could trap the bears on the wrong side of the market, the price-volume analysis indicates. The leading cryptocurrency by market value is currently trading near $3,848, having clocked a low of $3,642 on Dec. 28. At that level, BTC was down 14.7 percent from the Dec. 24 high of $4,272, according to CoinMarketCap. Notably, daily trading volumes across all cryptocurrency exchanges have also dropped in the last few days. At press time, 24-hour trading volume stands at $4.57 billion – down 36…

Bitcoin Price Watch: BTC Correcting Gains, But Dips Remain Supported

Key Points Bitcoin price recently traded as high as $3,919 and later started a downside correction against the US Dollar. There is a major bearish trend line formed with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price must stay above the $3,740 support level to bounce back in the near term. Bitcoin price started a downside correction towards $3,700 against the US Dollar. BTC could climb higher once again if buyers continue to defend $3,740. Bitcoin Price Analysis Yesterday, we saw…