Bitcoin Cryptocurrency News

Bitcoin is Not Acting Like Safe-Haven: Ikigai Founder

Bitcoin is not behaving like a safe-haven asset as fears of recession shadows over the US economy, believes Travis Kling of multi-strategy crypto asset hedge fund, Ikigai Asset Management. Bitcoin Yet to Shine The founder & CIO on Wednesday referred to bitcoin’s dwindling price action against an already gloomy macroeconomic outlook. Recognizing that investors should Read more…

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Newsflash: Bitcoin Price Craters Below $11,000 as Trump Stuns Market

The bitcoin price careened below $11,000 after the Trump administration stunned the market by delaying new tariffs on China. | Source: REUTERS/Leah Millis/Shutterstock; Edited by CCN The bitcoin price slid below the $11,000 mark for the first time in more than a week on Tuesday, as the flagship cryptocurrency’s burgeoning inverse correlation with the S&P Read more…

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Indian Firms Big on Blockchain But Gov’t Still Myopic on Crypto

It appears that the Indian government is mirroring China’s movements with regards to blockchain and cryptocurrency. A huge project by Indian mobile network operator, Reliance Jio, plans to roll out the country’s largest blockchain platform, yet lawmakers remain myopic about cryptocurrency. World’s Biggest Blockchain Platform In a series of announcement at the Reliance annual general Read more…

Bitcoin Cryptocurrency News

China Ready to Roll out State-Backed Digital Currency

According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. Facebook Libra’s coin has been all Read more…

Bitcoin Cryptocurrency News

Bitcoin Is Now The 11th Largest Money In The World

As helpfully tweeted by the trader and analyst known as Rhythm, Bitcoin is now the 11th largest money/monetary supply in the world. That’s pretty impressive for a 10-year-old upstart, created from an anonymously published 9-page whitepaper. Less Is More, More Or Less Bitcoin’s mathematically limited supply has seen it being increasingly used as a store of Read more…

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Mr. Wonderful Shames Bitcoin Bull ‘Pomp’ for 50 Percent Net Worth in BTC

Businessman and reality TV star Kevin “Mr. Wonderful” O’Leary has slammed bitcoin bull Anthony Pompliano for concentrating too much of his wealth in one asset. This occurred after the co-founder and partner at cryptocurrency investment firm Morgan Creek Digital revealed that 50 percent of his net worth is in bitcoin. Speaking on CNBC, the “Shark Read more…

Bitcoin Cryptocurrency News

Bitcoin has a ‘Big Future’ Says Donald Trump’s Ex-Chief Strategist

US President Donald Trump is not a big fan of bitcoin. But that does not stop his former advisers from saying positive words about the world’s most expensive crypto asset. Bannon on Bitcoin Steve Bannon, who was the chief strategist to Trump during his first seven months in the White House, thinks cryptocurrencies like bitcoin Read more…

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How China And The Fed Are Boosting Bitcoin And Sinking Trump

US president Donald Trump thinks he’s being smart but it could be that China ends up denting his re-election prospects and boosting bitcoin. The US Federal Reserve not playing ball doesn’t help either – and the more he pushes the harder he makes it for Jay Powell to maintain his institutions independent standing – or Read more…

Bitcoin Cryptocurrency News

The ‘War on Bitcoin’ Is Almost Here – And It Will Get Ugly

For better or worse, bitcoin is now on the global political stage.  It was discussed in Congress. Donald Trump slammed bitcoin on Twitter. The Treasury Secretary called cryptocurrencies a national security threat, and the chairman of the Federal Reserve urged caution. Meanwhile, India just proposed an all-out ban on bitcoin while China scrambles to create Read more…