Next Bitcoin Boon As more news has been published in regards to Facebook’s crypto venture, experts of Bitcoin (BTC) have begun to speculate as to what effect the social media giant will have on cryptocurrency. Some are taking this discussion cynically, screaming that the Silicon Valley firm’s foray into the industry is a “Trojan horse” Read more…
Barry Silbert, Digital Currency Group founder and CEO, has been talking to Bloomberg about the latest Bitcoin resurgence. In particular, he discussed the factors making this time fundamentally different from rallies following previous drawdowns. Underlying Bitcoin Infrastructure Improvements Silbert first pointed out that 80 percent drawdowns have happened multiple times before, and each time Bitcoin Read more…
Now is the time when people typically start assessing what the year ahead is likely to bring for various topics and industries. Bitcoin is no different. Investors and enthusiasts will likely notice several trends becoming prominent. Here are four of them. 1. Bitcoin-Compatible ATMs Become Widely Available Reports indicate 2019 will be the year that Read more…
As the largest and most established cryptocurrency, Bitcoin has earned a reputation among many as “digital gold.” Long-term HODLers and Bitcoin proponents either compare Satoshi’s invention to the precious metal or claim that it’s better than gold. But new research from the World Gold Council says otherwise. Gold kicks Bitcoin’s sorry ass. World Gold Council Read more…
The Sixteen Members of the Committee The world of cryptocurrencies and blockchain technologies is slowly beginning to permeate the traditional finance market, and Arabs are willing to become references for other actors by using these technologies in large-scale operations. According to an article published by the Emirates News Agency, The Executive Committee of the Saudi-Emirati Read more…
bThe government of Pakistan is reportedly using a blockchain platform developed by Alibaba’s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical “blockchain not Bitcoin” narrative pushed by central Read more…
A new report published by the Bank of International Settlements (BIS) shows that the majority of central banks are studying central bank digital currencies (CBDC). However, most of them are unlikely to issue any type of digital currency in the near future. CBDC ‘Unlikely’ in The Short Term BIS published the results of a new Read more…
Africa’s various currency crises illustrate why cryptocurrency innovation shouldn’t be stifled, says economic analyst Terence Zimwara.
The price of gold futures broke the $1,300 per ounce threshold for the first time since June 2018. Investors are likely moving positions to the gold markets, pushed away from stocks after recent dips. The crypto market capitalization, or the total amount invested in bitcoin and other cryptocurrencies, is also holding nicely, showing that cryptocurrency
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Get ready for talk about bitcoin’s halving â the once-in-a-while event that won’t happen in 2019, but that just might have an impact on the markets.