The Mountain West Is Experiencing A Second Gold Rush. This Time They’re Mining Bitcoin.

In January, an unknown company working in the blockchain space purchased 67,000 acres at the Tahoe-Reno Industrial Center in Nevada, right next to Tesla’s Gigafactory. At the end of February, a Utah-based company called Power Block Coin LLC announced a plan to invest $251 million over the next three years in Butte, Montana, to build a campus of mining data centers.

Is the Bitcoin Boom Over? |

Bitcoin (BTC) currently boasts a circulating supply of around 16,903,500 virtual units. The maximum supply is capped at 21 million Bitcoin – but that won’t happen for many years. Based on the current price of around $11,025 per unit (this figure can fluctuate wildly from day-to-day), the market capitalization of Bitcoin is around $186.362 billion. Granted, that’s a far cry from the market capitalization of Bitcoin in December 2017 when it topped out around $20,000 per unit. If we assume the current circulating supply, that translates into around $338 billion at its zenith.

In a cryptocurrency market dominated by an estimated 1,541 digital currencies spread across 9,122 markets, Bitcoin is still a power player. Consider that it now accounts for a whopping 41.8% of the market. This figure was dropping sharply as competing cryptocurrencies like Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Litecoin, Ripple, and even Raiblocks gained the attention of crypto traders. The total market capitalization of all cryptocurrencies is now $446.368 billion – significantly lower than the December high.

This begs the question: Have traders missed out on the Bitcoin boom?

Adding Bitcoin Cash and Litecoin Is Main Goal of 2018 for Gemini Exchange

The founders of the New York licensed digital asset trading venue Gemini Exchange, Tyler and Cameron Winklevoss, have revealed that adding new cryptocurrency options are high on the company’s agenda this year with bitcoin cash and litecoin at the top of the list. The exchange already offers bitcoin (BTC) and ethereum (ETH) and by listing BCH and LTC pairs it will cover four out of the five top cryptocurrencies by total market cap with only Ripple’s XRP excluded.

Bitcoin Is Melting, Again – Winklevoss Bitcoin Trust ETF (Pending:COIN)

Bitcoin (COIN), (OTCQX:GBTC) is not having a great week, and it looks like this sell-off may get even worse. After a failed attempt at $12K, Bitcoin entered the meltdown phase, cratering by roughly 30% in just a few days. Several simultaneous detrimental developments caused this sell-off to intensify after the failed technical attempt sparked the negative price action. However, there is one predominant factor that has become the “elephant in the room.” Bitcoin’s apparent loss of popularity could keep prices depressed for a lot longer than many people expect, and we may be looking at a near perfect storm scenario of events that could cause the current sell-off to become much worse.

Getting NASDAQ data per minute using Python

If analysis is the body, data is the soul.

In our project of stock market analysis based on Twitter sentiments, we selected a few sample companies. We decided what we needed but we still had to cast some spells to get to the core data.

As much as we dream about attending Hogwarts, we can’t simply say ‘Accio’ to make the data come to us. The computer generally doesn’t understand the spells of the wizarding world yet. So, we will just go create some of our own spells using Python.

Now that choice of language has been made, let’s dive into coding. To get the data, I need an API which can provide me with reliable data of NASDAQ. With numerous searches on Google, I found one named ‘Alpha Vantage’. It provides simple, easy to use API to retrieve around last 10 days of per minute data. Good enough to go ahead with it.

Now, with this API, either I can just simply download the JSON file everyday by making changes to the API call or I can simply write some code to get me the real-time data. Downloading it every day is one way but I chose the later one.

Wirex Launching Bitcoin Debit Cards in Europe

New crypto debit cards, with multiple currency accounts in GBP, EUR, USD, and BTC are offered by Wirex in Europe. The first plastic Visa cards were issued on Thursday, according to media reports. The new cards were made available for UK users on March 8. The service should be offered to customers in other EU countries by the end of the month.

Wall Street Strategist Creates “Bitcoin Misery Index”, Which Signals Its Time to Buy

Bitcoin bull Tom Lee, the only Wall Street strategist covering Bitcoin and the co-founder of Fundstrat Global Advisors, recently created a “Bitcoin Misery Index.” The index works like most sentiment indicators, and is meant to be a contrarian one. This means that when it’s low, it’s time to buy the cryptocurrency. The index ranges from 0 to 100, and is now at 18.8.

According to Tom Lee, when the misery index hits “misery” (falls below 27), bitcoin sees “the best 12-month performance.” In the past, bitcoin has experienced several bull runs after falling below the 27 mark. Its current value of 18.8 is the lowest it’s been since September 6, 2011.

The Bitcoin Misery Index takes into account several factors. Among them are the number of winning trades out of the total, and the cryptocurrency’s volatility, according to Tom Lee. He said:

“The BMI [Bitcoin Misery Index] is telling us to keep the negative headlines in perspective. When the BMI is at a ‘misery’ level, future returns are very good.”

Tom Lee