Bitcoin, the world’s largest cryptocurrency, recently hit a new ATH in 7 countries. Soon, it is likely that other countries will catch up too. In Brazil, Turkey, Argentina, Sudan, Angola, Venezuela, and Zambia, Bitcoin has crossed its previous ATH. However, this development may just be the tip of the iceberg. At least in Turkey’s case,...Read More
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network...Read More
U.S. Treasury Secretary Steven Mnuchin remarked last week that a reported $1.5 trillion in missing cash — mostly one hundred dollar bills — was “sitting in bank vaults all over the world.” The famously anti-bitcoin U.S. official noted that “there’s a lot of ‘Benjamins’ all over the world” and emphasized the strength of the currency...Read More
The US-China trade war could become dire at any point and the two largest economies might weaponize their national currencies through devaluation. But does this inspire any confidence in the US dollar, and is it time to think about a digital world reserve currency? Every Past Global Currency Had an End If we look back...Read More
As bitcoin prices continue to post strong rallies, traders are looking at higher potential valuations for BTC/USD on a long-term trend basis. Not surprisingly, many of these projections deal with important psychological levels that may be likely to guide market activity. By most accounts, market valuations in BTC/USD have had a strong year. Bitcoin has...Read More
The US Federal Reserve’s (Fed) aggressive easing might support Bitcoin’s bullish price trend at least up to 2020. Meanwhile, the cryptocurrency might also get a parallel boost from the upcoming halving event. Fed Cuts Interest Rates for First Time in Over a Decade At the latest meeting in July, the Fed’s Federal Open Market Committee...Read More
There are many metrics to ascertain the popularity of bitcoin and cryptocurrency trading in different geographic regions across the world. One of them is the most traded fiat currencies chart which has revealed some interesting results. Asia Still Big on Bitcoin Unsurprisingly the US dollar was the top traded fiat currency according to statistics from...Read More
