Global stablecoins may be subject to securities laws, says IOSCO, in a new report that could complicate such projects’ embrace of decentralization.
Retail interest in cryptocurrencies is growing as COVID-19 shakes markets and central banks take drastic steps to steady the global economy, the firm says.
CoinShares, a New York-based cryptocurrency service that provides advice and other services for investors, released a statement on the state of Bitcoin mining during the global uncertainty caused by the coronavirus, ahead of a planned, more thorough June 2020 mining report. In it, CoinShares’ research director Christopher Bendiksen wrote that the current talk of a […]
You read that right. The Federal Reserve (Fed) plans to print not 50 BTC worth, but 50 Bitcoin Networks’ worth of dollars. Federal Reserve to Print $6 Trillion Central banks around the world are firing up their money-printing machines. The collective opinion seems to be that the best way to combat the economic effects of […]
In an announcement dated March 24, 2020, the privacy-centric web browser Brave announced that it had partnered with cryptocurrency exchange Binance to integrate the latter’s widget to grant users direct access to Binance and Binance.US’ sites. Brave Integrates Binance Widget In a major move to boost the use of cryptocurrencies among its enviable user base, […]
Bitcoin is gaining momentum and it is trading above the $6,500 support against the US Dollar. BTC price is likely to continue higher towards $7,000 and $7,200 in the coming sessions. Bitcoin is showing a few positive signs above the $7,500 and $7,400 support levels against the US Dollar. The price could grind higher towards […]
“Gradually and then suddenly.” –Ernest Hemingway “Your ATMs are safe, your cash is safe. There’s enough cash in the financial system and there is an infinite amount of cash in the Federal Reserve.” –Neel Kashkari, President of the Central Bank of Minneapolis The Federal Reserve’s market activity is reaching a fever pitch. In response to […]
Bitcoin remains the undisputed “king” of blockchains. Bitcoin’s dominance has increased significantly since the experimental times of 2017. Bitcoin has survived many attempted forks and “civil wars” and has established itself as the reserve cryptocurrency; people fall back to Bitcoin in bear markets. The production network has stood the test of time for over 10 […]
Bitcoin is up more than 10% and it broke the key $6,400 resistance against the US Dollar. BTC price is now trading near the $6,650 resistance, above which it could surge to $7,000. Bitcoin is gaining traction and it recently climbed back above $6,200 against the US Dollar. The price is now trading above the […]
Bitcoin bulls were cheerful this Tuesday as a top analyst’s call to purchase gold amidst the Coronavirus-induced market turmoil created similar opportunities for the cryptocurrency. Jeffrey Currie, a commodity researcher at Goldman Sachs, said in a note that the yellow metal has reached an “inflection point” after the Federal Reserve announced that it would buy […]
Bitcoin price has made a strong recovery over the last week or so, nearly doubling in value from the lows it set during the extreme, panic-induced selloff earlier this month. And as price has made a recovery, Bitcoin miners have begun returning to the market, turning back on their rigs, as can be seen by […]
Phemex, a cryptocurrency derivatives exchange, has added a gold/USD trading pair. This move opens the door for Bitcoin traders to take advantage of declining gold prices. It is also a further step in the maturation of the crypto market. BITCOIN TRADERS WANT A GOLD OPTION Josh Rager, co-founder of Blockroots, made the announcement on Twitter: […]
About 11% of all Indonesians own some form of cryptocurrency, according to a recent report by Hootsuite, which cited GlobalWebIndex. 11% of Indonesians Own Cryptocurrency as Fiat Currency Devalues With over 270 million people, Indonesia is the fourth most populous country in the world, and the fact that 1 out of 9 citizens own cryptocurrency […]
What a crazy day it’s been for markets thus far. Bitcoin, after falling as low as $5,700 during Sunday’s retracement, rallied as high as $6,650 on Monday morning on the back of news from the Federal Reserve. While a portion of this move has been retraced, with Bitcoin now trading at $6,400 as of the […]
Bitcoin has been firmly acting as a risk-on asset over the past several weeks, with its price closely tracking the movements seen by the U.S. stock markets. This has invalidated its status as a safe haven asset and has made the benchmark crypto prone to seeing massive near-term downside. Although BTC has been moving in […]
11 years after Satoshi Nakamoto launched Bitcoin, some facets of the U.S. government have finally indicated that they are seriously considering the creation of a digital dollar, a move that many say could validate cryptocurrencies, especially BTC. Digital Dollar? According to a Bloomberg Law report released Monday, Democrats in the House of Representatives are seriously […]
An unknown mining pool has assumed majority hash power on the Bitcoin SV network, creating a curious situation that raises questions as to the security of the so-called “real Bitcoin.” This situation casts even more doubt onto the legitimacy of the altcoin. UNKNOWN BITCOIN SV MINER COULD CAUSE EMERGENCY FORK The entity behind this sudden […]
According to a Forbes report published on March 21, 2020, a senior Russian official has warned that its delayed bill on cryptocurrencies will include a ban on issuing and selling of digital currencies. Russia to Ban Issuing and Sale of Cryptocurrencies In a bid to mitigate the use of cryptocurrencies within the country, Russia is […]
The ASX fell sharply during its opening session Monday after Australia’s Prime Minister announced drastic measures to curb the spread of coronavirus.
Coinspeaker Bitcoin Price Down 12% Since New Year to Date, While S&P 500 Down 28.5% Bitcoin price is down 12.5%, S&P 500, Nasdaq indexes as well as companies like Berkhire Hathway has also lost significantly since the beginning of the year. Oil war adds fire to the financial crash party. Bitcoin Price Down 12% Since […]
Over the past few days, Bitcoin has held $6,000 time and time again, managing to close 20 four-hour candles about this psychological level in succession. But, the cryptocurrency just an hour ago closed a four-hour candle beneath this support, cementing BTC’s reversal from $7,000. Related Reading: Bitcoin Bulls Roar as U.S. Politician Proposes ‘Two $1 […]
Bitcoin has held surprisingly well over the past hour, despite global markets opening dramatically lower (by traditional standards) than they were during Friday’s close. In fact, the futures for the S&P 500 and the Dow Jones have all hit their limit down (circuit breaker) of 5%, with the former reaching 2,174 and the atter falling […]
From Boeing to Bitcoin in this week’s discussion we’re talking about our disrupted reality, the politically expedient path forward, why it almost certainly won’t work, the alternatives to it, what this means for bitcoin and what you can do to help.