The Federal Reserve’s policies are fueling deflation, not inflation, according to a well-known hedge fund manager. A deflationary environment could send bitcoin sharply higher. | Image: KAREN BLEIER / AFP The growing U.S. workforce and retirement of the boomers will force the Fed to double its balance sheet. The expansion of the Fed’s balance sheet...Read More
The cryptocurrency market is the fastest-growing asset class of 2020. Can the trend continue? | Image: REUTERS/Dado Ruvic/Illustration Bitcoin’s price approaches $10,500 for the first time since early September. Twenty-nine of the 30 top cryptocurrencies reported gains Wednesday. The combined market cap of all coins crosses $300 billion for the first time in six months....Read More
Bitcoin retook $10,000 Tuesday after Fed Chair Jerome Powell acknowledged the importance of blockchain development at the central bank. | Image: shutterstock.com The price of bitcoin jumped on Tuesday after Jerome Powell stressed that the Fed is investing a significant amount into digital currency developments. Adding fuel to the fire, Powell also acknowledged how quickly...Read More
Tesla’s parabolic rally is strikingly similar to bitcoin’s but equating the two assets is just plain wrong. | Image: JACK GUEZ / AFP Is there a bitcoin-Tesla connection? Are BTC and Tesla truly the world’s most “disruptive” technologies? Blockchain, not bitcoin. Thanks to a significant uptick in Tesla (NASDAQ:TSLA) stock since the start of 2020,...Read More
Bitcoin’s price discovery stalled on Friday but the trajectory remains up following a notable “golden cross” formation. | Image: REUTERS/Dado Ruvic/Illustration/File Photo Bitcoin’s price is eyeing an imminent return to $10,000. A key technical formation suggests a prolonged bull market is possible. Bitcoin-gold correlation continues to strengthen. After rallying to five-month highs on Friday, bitcoin’s...Read More
Crypto investors have their foot on the pedal as bitcoin and altcoins reach multi-month highs. | Image: shutterstock.com The crypto market cap peaked near $278 billion on Thursday, the highest since August. Bitcoin reached an intraday high of $9,856.43, its best level since September. Despite seeing impressive results, bitcoin is being outperformed by its lesser-known...Read More
Bitcoin Cash led the cryptocurrency top ten on Wednesday with a 14% growth surge. BCH shrugged off fears of a community split over an arbitrarily imposed tax on miners. The coin’s “halvening,” or block reward halving, is scheduled for Apr. 8 – around a month before BTC’s. Bitcoin Cash (BCH) gained 14% on Wednesday, with...Read More
ICON – one of the crypto market’s most beaten down projects – is surging on Tuesday. | Image: shutterstock.com Cryptocurrency ICON rallies more than 70% on Tuesday, reaching a fresh 18-month high. The altcoin has rallied more than 326% year-to-date despite no change in fundamental direction. While it’s still too early to declare ‘alt season,’...Read More
The Tron Foundation is printing more TRX but Justin Sun is deflecting responsibility for the hard-cap removal. | Image: YouTube Justin Sun deflected responsibility for the recent TRX hard cap removal onto TRON’s Super Representatives. But an online paper trail shows that Sun and his team were the ones who proposed the change. The change...Read More
Minecraft | Source: AP/Jae C. Hong New Minecraft server sets players on a treasure hunt to find hidden Bitcoin. Each new life costs $1, and proceeds are pooled for the eventual winner. Dead Minecraft servers litter the history of cryptocurrency. Can SatoshiQuest withstand another sudden increase in BTC’s transaction fees? Bitcoin can now be earned...Read More
With a total valuation of over $430 million, NEM is the biggest gainer among prominent cryptocurrencies heading into the weekend. | Source: Shutterstock.com NEM (XEM) gains 23% in overnight surge. The Altcoin was previously down 97% since the market peak of January 2018. XEM coin now up 71% since December, but can we bank on...Read More
If you are interested in getting some free coins this February, there are many attractive crypto airdrop campaigns in which you can take part. ARC IRIS End date: 4 February Estimated value: $50 ARC IRIS HYDROGEN is a project for Bitcoin that aims to make mining the coin a more lucrative and less energy-consuming endeavor....Read More
Bitcoin could be primed for a repeat of the 2017 bull market according to one adoption metric. | Image: shutterstock.com Research firm Glassnodes came up with a new metric to gauge bitcoin adoption. The growth of this new metric appears to coincide with recent bitcoin rallies. It appears that conditions are right for this metric...Read More
Andrew Yang is trying to provide a coherent strategy for cryptocurrency regulation and could be bitcoin’s best hope of reaching mass adoption. | Image: Justin Sullivan / Getty Images / AFP Yang: cryptocurrencies need “one national framework.” The U.S. is falling behind in crypto innovation. Yang may be bitcoin’s only chance at mass adoption. For bitcoin...Read More
As bitcoin approaches three-month highs, it’s looking a lot more like a safe haven asset. | Image: shutterstock.com Bitcoin (BTC) peaks at $9,429.99, its highest in almost three months. At its highest point Wednesday, the largest cryptocurrency was up 32% year-to-date. Bitcoin is behaving a lot like a “safe haven” asset, according to Fundstrat’s Tom...Read More
Justin Sun looks to capitalize on coronavirus outbreak by pumping his controversial cryptocurrency. | Source: REUTERS / Stringer Tron CEO Justin Sun is on his way to help the people of Wuhan province with a box of face-masks. The founder continues to live up to his reputation for capitalizing on any opportunity to advance his...Read More
John McAfee compares bitcoin to hotmail and declares the original cryptocurrency to be the real “sh*itcoin.” | Image: REUTERS / Alexandre Meneghini / File Photo Altcoin King John McAfee derides BTC as the real sh*tcoin of the cryptocurrency world. McAfee compares BTC to hotmail – a once ubiquitous service that eventually faded away. The self-declared...Read More
A full-blown crisis involving the taxation of bitcoin cash miners is at an end, for now. | Source: Shutterstock.com Hash war may be averted after major mining pool withdraws its support for the plan. Anonymous miners threatened a hash war in response to the tax, which could have lead to a chain split. Bitcoin.com announced...Read More
The proposed tax on bitcoin cash miners isn’t going down well. | Image: shutterstock.com An anonymous group of miners announced plans to hardfork a new bitcoin cash blockchain if tax on miners isn’t removed. Group claims to control 42% of the BCH hashrate, with plans to expand it to 2.5 exahash per second by the...Read More
Bitcoin’s 60-day correlation with gold turns positive for the first time this year. | Image: REUTERS / Anton Vaganov / File Photo Bitcoin’s price comes within a hair of $9,000 en route to its highest level in over a week. Bitcoin’s correlation to gold flips positive, according to Bloomberg. Fears of a coronavirus pandemic put...Read More
Bitcoin cash seems unaffected by the ongoing drama over a proposed tax on miners. | Image: shutterstock.com Bitcoin Cash surges 15% as cryptocurrency’s home-grown tax drama rages on. Previous references to communist “Non-Debate Philosophy” have been edited out of Jiang Zhuoer’s tax proposal. Bitcoin.com executive chairman Roger Ver recently cast doubt on the particulars of...Read More
Bitcoin’s unique properties as a store of value and medium of exchange will make it extremely valuable in the future, quant analyst claims. | Image: shutterstock.com An Ikigai analyst started a tweetstorm that details the birth of the petrodollar. The analyst also covered the fiscal irresponsibility of the federal government. He said that once inflation...Read More
One cryptocurrency company went too far in seizing a marketing opportunity after Kobe Bryant’s death. | Source: AFP/David Mcnew Cryptocurrency project Tron and founder Justin Sun co-opts Kobe Bryant’s death to promote an upcoming blockchain conference. It’s the low point in a long string of disingenuous marketing ploys from Sun. Tron cryptocurrency has lost 91%...Read More
Jack Dorsey’s Square Crypto is working to solve bitcoin’s scalability problem. A multi-trillion-dollar market cap could be at stake. | Image: REUTERS / Charles Platiau / File Photo Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets. Dorsey’s Square won a patent for a crypto-to-fiat payment system. Bitcoin...Read More
Everyone wants their cryptocurrency to be the “next Bitcoin.” But there’s a price to pay. | Source: Motortion Films/Shutterstock.com The CEO of altcoin project uPlexa revealed to CCN.com the obstacles posed by a greedy and corrupt cryptocurrency space. Centralized exchanges have become the banks of the cryptocurrency world. If you’re not partnered with the top...Read More
The stars are aligning for a major bitcoin price pump, according to Travis Kling. How it plays out is a little more complicated. | Image: shutterstock.com Travis Kling shared a chart that showed bitcoin might be set for a bullish breakout in May 2020. Consider taking a contrarian stance because a post-halving dump happened in...Read More
The bitcoin cash community is up in arms over a significant protocol change that has major tax implications. | Image: shutterstock.com Bitcoin cash community splintered by 12.5% miners tax proposal. Tax plan will be activated via involuntary soft-fork on May 15. BCH users are furious with the sudden – and unavoidable – six month protocol...Read More
The altcoin market is looking a lot like bitcoin in 2011-12, analyst suggests. That’s a good thing for the market bulls. | Image: shutterstock.com The altcoin market cap may be bottoming out. One trader suggests that the altcoin market cap is mirroring bitcoin’s 2011-12 cycle. If the analyst is correct, there’s a chance we will...Read More
Peter Schiff claims he lost all of this bitcoin due to a corrupted crypto wallet. It’s no surprise he dons the boomer label. He has since admitted that he mistook his PIN for his password. | Source: AP Photo/Mark Lennihan Peter Schiff admits that he mistook his PIN for his password. It’s very unlikely that...Read More
Despite taking the lead as the first major country to regulate and license bitcoin exchanges, Japan is home to some of the biggest thefts in the cryptocurrency sector. | Source: Shutterstock.com Before Bitcoin firm CoinExchange closed its doors last year in October, an undisclosed theft had occurred a year prior. The crypto firm said the...Read More
