Cryptocurrency News Market

Tether (USDT) Launches Digital Yuan Before PBoC

Controversial firm Tether Limited has announced that it is expanding its list of stablecoins by launching an offshore yuan-backed digital currency.  Tether Continues its March The Hong Kong company said in a short blog post that the new stablecoin, known as CNHT, would be pegged one-to-one to the offshore Chinese yuan. Like its popular stablecoin Read more…

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Ethereum Price Analysis: ETH Shows Strength, Is $200 In Sight?

Ethereum has seen a promising increase of 4.35% this week which allowed it to reach $183. This recent increase is largely attributed to the solid rebound that Ethereum has been experiencing against BTC. Over the past 4 days, ETH has surged by 10%, reaching the current price at 0.0176 BTC. If the cryptocurrency can continue Read more…

Bitcoin Cryptocurrency News Market

Today Marks the 2nd Anniversary of China’s Bitcoin Ban, What Has Changed?

Two years ago, on September 4, 2017, the People’s Bank of China (PBOC) shut down local cryptocurrency exchanges over concerns that unregulated assets like bitcoin allow residents to bypass strict capital controls.   Not-So-Happy Anniversary Despite the formal ban, Chinese traders have continued to explore methods to trade bitcoin and similar cryptocurrencies, often by using Read more…

Bitcoin Cryptocurrency News

Gold Market Flooded With ‘Fake’ Bars; Bitcoin Critics Please STFU

The bullion market is slowly but steadily flooded with ‘dirty gold bars,’ according to a recent Reuters report. It’s interesting to know what Peter Shiff and other gold supporters would say about this. Is the precious metal better than Bitcoin in terms of money laundering? Gold Market Flooded with Fake Bars Many Bitcoin skeptics have Read more…

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Ethereum is a Technological Dead End, Says Samson Mow

Controversial bitcoin maximalist Samson Mow described Ethereum as “a technological dead-end” after the digital ledger project ran out of capacity.  Ethereum Struggles With Congestion Again The network utilization of Ether, Ethereum’s native asset, soared above 90 percent, according to data provided by Etherscan.io. The surge, according to Ethereum co-founder Vitalik Buterin, could prompt transactions costs 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 Federal Reserve Could Be Helping Bitcoin to $100K

Many factors are contributing to Bitcoin’s renewed trajectory towards its USD 100,000 target. One of them is increasingly gaining prominence: The U.S. Federal Reserve. Fed Interest Rate Cuts to Weaken Dollar and to Strengthen Bitcoin The U.S. Federal Reserve’s latest moves might be unintentionally propelling Bitcoin to new 2019 highs with renewed impetus. On Jun Read more…

Bitcoin Cryptocurrency News

Miss Hong Kong Explains ‘Bitcoin Time Traveller’ On Biggest TV Channel

The winner of the Miss Hong Kong 2015 pageant has appeared on the territory’s most popular TV channel explaining the ‘Bitcoin Time Traveler’ theory. Explaining The ‘Bitcoin Time-Traveler’ Theory The theory stems from a Reddit post made in 2013, by a user named Luke Magnotta. In it, he claimed to be a time traveler from Read more…

Bitcoin Cryptocurrency News Market

Warren Buffett Bashes Bitcoin (BTC)… For The Umpteenth Time

Billionaire Buffett Doesn’t Seem To Like Bitcoin Warren, Warren, Warren freaking Buffett is back again to lambast Bitcoin (BTC). Honestly, we’re not surprised in the slightest. In a comment made ahead of Berkshire Hathaway’s annual meeting, the billionaire, valued at a cool $90 billion, quipped that the cryptocurrency is a “gambling device,” adding that there Read more…