Bitcoin Cryptocurrency News

U.S. Treasury Bonds Are Still on Track to Go Negative in Boost to Bitcoin

The Great Recession of 2008 spawned two things: Bitcoin and increasingly lower negative interest rates. To spur economic growth and ensure the stability of the macroeconomy, central banks around the world have been increasingly lowering their policy interest rates. In Japan and in much of Europe, interest rates are negative, meaning that banks get paid Read more…

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Blockchain Cryptocurrency News

Lithuania To Sell 24,000 Blockchain-Based Digital Tokens Called LBCOINs Next Week

According to a recent report, Lithuania may be the first nation to launch a central bank-backed digital coin in the eurozone. The country’s central bank plans a pre-sale of twenty-four thousand blockchain-based digital tokens called LBCOINs. Lithuania To Sell 24k Blockchain-based Tokens A Reuters report from earlier today informed that the Baltic country has completed Read more…

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Bitcoin Cryptocurrency News

This Eerie Bitcoin Fractal Sees Price above $70,000 by mid-2021

Bitcoin is on the cusp of breaking out towards levels above $70,000, according to an eerily identical fractal. Spotted first by Artem Shevelev, a market analyst, the pattern shows Bitcoin in a seven-stage development. Each stage reflects price moves and technical indicators similar to the ones that eventually pushed Bitcoin to its all-time high at Read more…

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Bitcoin Cryptocurrency News

Mainstream: Bloomberg Is Promoting Bitcoin-Related Content Via Facebook Sponsored Ads

Mainstream media Bloomberg has been doing some spendings in online advertisements to promote Bitcoin and cryptocurrency-related content. Spending Money To Promote Bitcoin Bloomberg is boosting its Bitcoin articles for more visibility on Facebook through paid promotion, according to an ad seen on the social media platform today. Although how long the media giant has been Read more…

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Cryptocurrency News DeFi Ethereum

Some Ethereum DeFi Users Are Making 100% APY But There Are Multiple Risks

Unlike Bitcoin, which has stalled in the low-$9,000s, Ethereum-based decentralized finance (DeFi) has seen exponential growth over the past few weeks. Camila Russo, a former Bloomberg journalist turned Ethereum publicist, noted on June 19th that the amount of value locked in DeFi applications is up 40% in the past seven days alone. Due to a Read more…

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Bitcoin Blockchain Cryptocurrency News

Japan megabank Nomura launches Bitcoin and crypto custody for institutional investors

Institutional investors are coming in hard and fast to the crypto market and, whether you like it or not, seem like they are here to stay. “Komainu” Japan’s top financial services and banking firm Nomura launched its much-awaited Bitcoin custody service for institutional investors this week, after over two years of development and clearing regulatory Read more…

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Cryptocurrency News

U.S. bank JPMorgan: Bitcoin shows “strong” resilience even after massive price plunges, cryptocurrency is here to stay

JPMorgan Chase, one of the world’s largest banks with $2.6 trillion under management, acknowledged Bitcoin’s “staying” power earlier this week. The bank gave “mostly positive” feedback after an internal assessment for the pioneer cryptocurrency. Trader’s utopia Eleven years after Bitcoin’s introduction — a period which saw scams, hacks, global media coverage, stomach-wrenching price drops, and Read more…

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Bitcoin Cryptocurrency News

Morgan Stanley’s V-Shape Recovery Prediction Can Still Lead Bitcoin Above $10K

Bitcoin price could attempt a close above $10,000 as Morgan Stanley predicts a V-shape global recovery by the fourth quarter. Economists at the investment banking giant expect global GDP to shrink by 8.6 percent year-on-year but rebound to 3.1 percent by Q1/2021. Aspects of a full recovery could increase investors’ risk appetite, thereby benefiting Bitcoin Read more…