BitcoinAverage Blog

bitcoin price news and analysis

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‘When people use the Circle product…you don’t see Bitcoins. It’s sort of underneath.’

Those are the words of the serial entrepreneur Jeremy Allaire, who is the Founder, CEO and Chairman of the Board of Directors at Circle.

In this article, the above statement is of great interest to us. But fi...

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Image 1 MIT Media Lab Building

At the beginning of this week (on 28th March 2015, to be precise), Brian Forde, who is the director of Digital Currency Initiative (DCI) at MIT Media Lab, announced that they have raised $900,000 Bitcoin Developer Fund from several companies and individuals. This money is planned to pay for projects that will improve the core Bitcoin protocol.

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This week, the price of bitcoin pulled out strongly from the depths of $403, forming a triple bottom on a rising trend line, for a firm launch at $420. For some time now, $420 has been a significant resistance level, pushing back on price at a series of attempts to break above it.

This week, a s...

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Image 1NSA Headquarters

Sometime in October 2013, as the Bitcoin price was headed for the highest point ever -$1147.25, three young men were busy putting the last touches to the newest Bitcoin startup. Their names are Tom Robinson, James Smith and Adam Joyce, and the company they were founding was Ellipt...

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This week the price of bitcoin traded within $400 and $420 range seen on the 4 hour chart above, moving sideways for most part of the week. Last week’s short run up from $382 to $420 was the first attempt at breaking $420 price ceiling. This resistance level was retested again this week but, fai...

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