Bitcoin Cryptocurrency News

Bloomberg Researchers Bullish on Bitcoin, Demand Points To $12,000

A new 2020 crypto outlook report from Bloomberg has been released, revealing just how bullish the company’s analysts are on Bitcoin.  The report puts a spotlight on the first-ever cryptocurrency’s digital scarcity and suggests that the current active addresses point to prices closer to $12,000 in the short term. First-Ever Cryptocurrency Matures Into Digital Gold 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

Bitcoin Retargets $10,000 on Fed’s Corporate Bond-Buying Program

Bitcoin pared its Monday losses after logging a surprising intraday trend reversal. The cryptocurrency rebounded by as much as 7.82 percent from its session low near $8,895. It is now back to targetting $10,000 as the Federal Reserve announced it would extend its corporate bond-buying plan. Bitcoin price climbed Tuesday, logging a dramatic retracement after Read more…

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Cryptocurrency News

Ethereum’s Vitalik Buterin challenges forecast saying the halving may boost Bitcoin’s price, joining stock-to-flow critics

If you were to ask a Bitcoin investor what makes the cryptocurrency valuable, they would likely say something about the cryptocurrency’s block reward “halvings.” Every four years, the number of BTC issued per block gets cut in half, resulting in an effective 50 percent reduction in the inflation rate of the cryptocurrency. The argument is Read more…

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Cryptocurrency News

Prominent VC and author: Crypto and blockchain will disrupt Big Tech

Albert Wenger, the author of the book “World After Capital,” believes that cryptocurrencies will be one of the things that facilitate the move from the industrial age to the knowledge age. During Messari’s Mainnet conference, Wenger said that he didn’t believe tech companies would willingly disrupt themselves and that the change in paradigm will have Read more…

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Bitcoin Cryptocurrency News

Bond Veteran Sees Stocks Hitting March Lows: What It Means for Bitcoin

Bitcoin may get caught up in a stock market storm as a veteran bond investor makes a chilling stock market prediction. There is a 76.8 percent chance that equities take out their March lows, according to Jeffrey Gundlach, the CEO of $135 billion DoubleLine Capital. The rally is taking place without institutional money, which puts Read more…

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Cryptocurrency News Market

Sweden’s Central Bank To Begin Testing National Cryptocurrency

The Swedish Central Bank will establish a test group for its potential digital currency – the e-krona. It will run for a year and should confirm if there’s an actual need case for launching a digital krona. Testing The E-Krona Recently reported by local news, the Riksbank is ready to launch a group to examine Read more…

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Bitcoin Cryptocurrency News

How Stock Market Bubble Fears Could Fuel Crypto Investment

Crypto markets have corrected today but stock markets continue to surge despite mounting warnings of economic despair ahead. When the bubble bursts will investors turn to digital assets as a safe haven? Stocks Up Amid Virus Fears, Crypto Dumps The current scenario on Wall Street is deceptively bullish in a country where red lights are Read more…

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Bitcoin Cryptocurrency News

US Household Debt Hits Record Level, Is Bitcoin The Solution?

Recent reports indicate that the level of household debt in the US has reached a record high of over $14 trillion. Dollar devaluation and a flawed banking system has been the catalyst but can bitcoin be the solution? Deepening Debt Crisis According to the Federal Reserve’s Quarterly Report on Household Debt and Credit, total US Read more…