Bitcoin Cryptocurrency News

Bitcoin Eyes Another Attempt at $12K amid Global PMI Releases

Bitcoin is looking to retest $12,000 in the coming daily sessions as investors await the release of crucial purchasing managers’ economic indicators. Dubbed as PMI, which stands for Purchasing Manager’s Index, the index studies the prevailing direction of the economic trends in services and manufacturing sectors. It, therefore, serves as a barometer to gauge current Read more…

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…

Blockchain Cryptocurrency News Ripple

US Congress Mentions XRP and Ripple During Tech Discussion

The US congress had a hearing about non-cash payment technologies yesterday. During the discussion, Tom Emmer, the Chair of the National Republican Congressional Committee, mentioned Ripple (XRP) among several other cryptocurrencies. Ripple Fans Get Excited [embedded content] US representative Tom Emmer of Minnesota’s 6th District addressed a panel of payments industry leaders yesterday at the Read more…

Blockchain Cryptocurrency News

China Is Exploring Blockchain and AI Use Cases in International Trade Financing

China is reportedly looking into the various use cases for blockchain tech and artificial intelligence (AI) in international financing, with a special focus on risk management procedures. The country intends to further liberalize its financial markets, a veteran foreign exchange regulatory official confirmed on October 26. The recent comments made by Lu Lei, deputy head Read more…

Bitcoin Cryptocurrency News

Op Ed: In the Battle Between Libra and a Digital Dollar, Bitcoin Will Win

As Mark Zuckerberg testifies in Congress today, October 23, 2019, about Libra, the prevailing question is no longer if digital assets will go mainstream, but how they will do so and who will control them when they do.  In one corner is the U.S. government. Inspired by and fearing China’s progress in launching a digital Read more…

Cryptocurrency News Market

Facebook’s Libra Charter Signed By 21 Organizations During Meeting in Geneva, Switzerland

The Libra charter has been signed by 21 organizations, just days after several high-profile payment processing and e-commerce companies withdrew from the controversial stablecoin project led Facebook. The Libra Association named its board of directors and formed the consortium’s executive team during a conference held in Geneva, Switzerland. Facebook is moving forward with Libra along Read more…

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Altcoin Cryptocurrency News

Monero, Zcash, Dash continue to lose their valuations as more exchanges join the delisting bandwagon

Cryptocurrency regulations across the world are picking up pace in 2019 as the market continues to gain in prominence. In fact, the episode of Facebook’s Libra being so publicly attacked in front of the U.S Congress was the best example of the cryptocurrency market gaining mainstream attention. However, privacy coins are feeling the brunt of […]

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Bitcoin Cryptocurrency News

Deutsche Bank Celebrates ‘Dollar Day’ by Accidentally Shilling Bitcoin

When the fat-cats at Deutsche Bank instructed their social media interns to draft a tweet commemorating National Dollar Day, they probably didn’t realize that they’d accidentally end up shilling Bitcoin to their more than 650,000 followers. But while the Bitcoin isn’t directly mentioned, it’s difficult to imagine anyone writing a better advertisement for the leading Read more…