With the Bitcoin halving event just three months away, the community is ready for a bull run. Though skeptics suggest the halving has already been priced in, many market participants have made contrasting opinions. While the truth is likely somewhere in between these two views, it could be beneficial to look into the supply distribution...Read More
2019 was an important year for the digital asset industry, with not only the cryptocurrency market doing well, but talk of CBDCs marking a milestone for the industry too. In a recent interview, Mati Greenspan, Founder of Quantum Economics, touched upon CBDCs, as well as the events that may drive up Bitcoin‘s price in 2020....Read More
With the crypto-market’s attention presently focused on price movement, many fundamental metrics have undergone critical changes over the past month or so. According to skew analytics, WBTC has been at the head of a crucial development in the ecosystem since 19 January. WBTC, or Wrapped Bitcoin, is an ERC20 token based on Ethereum which is...Read More
As of Monday, February 17th, 2020, U.S. presidential candidate, Micheal Bloomberg, and his campaign team have published a formal financial reform plan, aimed at strengthening the U.S. economy and helping it recover from the “the damage Trump has done” following the financial crisis of 2008. Amongst dozens of other financial recommendations, the formal proposal also...Read More
More than 4,000 BTC will be auctioned today by the United States Marshals Service (USMS). The procedure will happen with sealed bids where the highest bidder gets the bitcoins. All of the bitcoins included in the auction have been forfeited in different federal criminal, administrative, and civil cases. $40 Million Worth of BTC To Be...Read More
For the Bitcoin world, the two poles are not in the north and the south; they are in the east and the west. China and the United States of America – the two superpowers in the global economic world are also at the center of every Bitcoin price swing. Recent cases show plenty of examples....Read More
Bitcoin hitting the key level of $10,000 was celebrated by the entire crypto-community. However, as the king coin continued to surge higher and touch new milestones, one of the world’s leading cryptocurrency exchanges, Binance, reportedly experienced functionality issues. Addressing the same, Binance has now come out with a blog post clarifying what happened, a blog...Read More
A rare bullish signal took place this week. The Golden Cross, as it’s commonly referred to, is a phenomenon that happened despite the price of Bitcoin dropping from $10,500 down to its current level at around $9,800. Historically, this has caused BTC to surge in value in the mid-term. Bitcoin’s Most Recent Golden Cross Bitcoin...Read More
In an effort to make Bitcoin more scalable, Joseph Poon and Thaddeus Dryja proposed the Lightning Network in 2016. The project improves scalability by creating a second layer on top of the Bitcoin blockchain, and substantially improves transaction speed because the transactions don’t need to be approved by all the nodes on the network. However,...Read More
Peter Schiff is a popular economist, financial broker, and a recognized author. He’s also a well-known nocoiner who has bashed Bitcoin for quite some time now. In one of his latest tweets, however, he conceded, saying that the cryptocurrency can, indeed, rise in value, despite failing to serve its purpose as money. Peter Schiff Concedes...Read More
Bitcoin’s rally has occurred almost in lockstep with the spread of coronavirus. Still, analysts are cautious to attribute the gains to the outbreak. | Source: Shuttersock. | Source: Shuttersock Is there a correlation between bitcoins price action and the coronavirus spread? Virus-infected yuan placed in quarantine—Bitcoin fixes this. Bitcoin mining takes a dive following China’s...Read More
The start of the new week came as a sad one for traders as the bears take over the cryptocurrency market, correcting Bitcoin price to below the $9600 region. At the time of writing, the coin is trading at $9,627. The current volatility in the market could be tied to the ongoing selling pressure and...Read More
Bitcoin and the aggregated crypto markets have seen some turbulence over the past couple of days, with bears gaining firm control over the entire market after BTC broke below $10,000 this past weekend. Analysts are now noting that things may not be as bearish as they seem, as Bitcoin has been able to bounce at...Read More
Months away from the bitcoin halving, Google Trends data indicate that a price surge may be on the horizon. | Image: REUTERS/Dado Ruvic/Illustration/File Photo Crypto enthusiasts are still divided on whether the halving is already priced in. Google Trends data reveal that the search term “bitcoin halving” is gaining traction. Analysts believe that bitcoin will...Read More
Cryptocurrencies have become one of the most popular trends over the past years. And the subject continues to attract the attention of both ordinary enthusiasts and those who want to capitalize on it. What should a beginner know to earn enough money to pay off all the loans? How can even an ordinary student make...Read More
Two months in to 2020 and so far, there have been plenty of predictions made on blockchain and cryptocurrency. In a recent panel discussion, Michael Carrier of Forge, Rod Hall of Goldman Sachs, Spencer Bogart of Blockchain Capital, Asheesh Birla of Ripple, Diogo Monica of Anchorage discussed the important trends in the sector. Spencer Bogart...Read More
There have been a lot of narratives spun around Bitcoin’s upcoming halving, which is slated to happen sometime in May 2020. For example, Galaxy Digital CEO, Mike Novogratz, in a recent interview noted that BTC had the potential to reach and even surpass its all-time highs of $20,000 by May’s block reward halving. Litecoin’s creator...Read More
Bitcoin‘s recent price fluctuation has created a lot of anxiety among crypto investors and traders. Having started at around $7,000 at the start of the year, the top coin has swung wildly above and below $10,000. With Bitcoin’s halving around the corner, many in the crypto space expect Bitcoin to keep climbing up the ladder....Read More
Bitcoin has been caught within intense turbulence over the past several day and weeks, with its recent price action being primarily bear-favoring as the cryptocurrency struggles to gain any notable upwards momentum after falling below its key support level at $10,000. In the near-term, despite the overt bearishness of the price action seen over the...Read More
“It was the intelligence coup of the century.” That’s the assessment of the CIA in a classified report obtained earlier this month by an investigation of the Washington Post. The Post made stunning revelations in a report headlined, “How the CIA used Crypto AG encryption devices to spy on countries for decades.” Crypto AG was...Read More
FOMO or not Bitcoin’s second rally above the critical $10,000-mark has reignited interest among the retail investors. The king coin has been consolidating above $9,700 mark. Following this, strong rallies were also seen in the altcoin space. A surge was also noted in terms of search volume of Bitcoin which recorded a spike following Bitcoin’s...Read More
“If there was a crypto exchange-traded fund [ETF], I would buy it. I would buy it for my clients. But I don’t think it is good for crypto.” These are the words of Michael Venuto, Co-Founder of Toroso Investments. While many analysts believe that the launch of Bitcoin ETFs will attract investment in the space,...Read More
Bitcoin’s volatility may scare many investors away from the cryptocurrency ecosystem but at the same time, its rapid price rise is also alluring to many. In fact, it has played an important role in capturing the minds of institutional investors, governments, and casual observers. In 2020 alone, Bitcoin broke the crucial $10,000 mark. Further, many...Read More
Bitcoin’s insane 2020 uptrend has allowed the benchmark cryptocurrency to rally from lows of $6,800 to highs of $10,500. Although these gains are nothing to scoff at, this bullishness has spilled over into the altcoin markets, allowing some other cryptos to significantly outperform BTC. Some of the altcoins that have outperformed Bitcoin include Ethereum, Tezos,...Read More
Ohio is one of the United States’ most pro-Bitcoin states, with the state often taking the lead with regard to crypto-friendly regulations. In fact, it was the first U.S state to accept cryptocurrency for tax payments in the United States. Additionally, Ohio state officials like Josh Mandel and Warren Davidson have often come out in...Read More
Facebook‘s cryptocurrency Libra shows no signs of launching this year and there have been plenty of speculations regarding its fate, ever since the start of 2020. However, discussions around the launch of Libra did initiate a lot of other conversations in the crypto-space as well, like the role and impact of Central Bank Digital Currencies...Read More
Tesla stocks (TSLA) saw a tremendous price surge in the last few months, and the firm is looking to monetize the increase. Tesla plans a $2 billion common stock offering to strengthen its financial position. While similar scenarios could play out in the traditional financial market, Bitcoin stands on the opposite shore. Its finite pre-programmed...Read More
Bitcoin underwent a downward correction earlier this year after breaching the crucial $10,000-mark in a surge that ended the six-month-long bearish fever that had struck the coin. The king coin rose to $10,244 after a minor surge of 0.70% over the last 24 hours. At press time, Bitcoin held a market cap of $186 billion...Read More
The cryptocurrency index and beta fund provider, BitWise, recently published a report regarding how financial advisors look at digital assets. Partnering with numerous information sources on the matter, the company concludes that cryptocurrencies are becoming more attractive to advisors and their clients. Increased Interest For Cryptocurrencies BitWise and ETF Trends conducted the report by questioning...Read More
The United States government seems to be expressing great concerns towards issues regarding the loss of currency supremacy by their national currency-the US dollar. As the US gains considerable national security and dominance over many nations that conduct international trade using the US dollar, it seems their national currency plays a major role in bringing...Read More
