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…

Cryptocurrency News Market

China Injects Record $83 Billion to Counter Economic Decline

China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy.

The post China Injects Record $83 Billion to Counter Economic Decline appeared first on CCN

bitcoin futures coming to asia 2019
Bitcoin Cryptocurrency News Market

Physical Bitcoin Futures Are Coming to Asia First in February

CoinFLEX plans to debut physically-settled Bitcoin futures to the Asian market beginning in February 2019. The platform is a consortium with participants such as Roger Ver ( CEO), B2C2, Trading Technologies, and Alameda Research among others. Bitcoin Futures Trading on CoinFLEX According to Bloomberg, CoinFLEX plans to offer futures contracts for Bitcoin, Bitcoin Cash, and Read more…

Cryptocurrency News Market

Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down

The year is not ending on a good note for Bitmain. The Beijing-based bitcoin mining giant is possibly looking at the resignation of its CEOs Jihan Wu and Micree Zhan, according to Odaily, a Chinese media outlet. The company has not officially confirmed any of the media allegations yet. But sources inside the organization have revealed

The post Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down appeared first on CCN

Cryptocurrency News Market

Hong Kong Stock Exchange Calls Alleged Bitmain IPO Hesitation ‘Rumors’

A Hong Kong Stock Exchange (HKEX) spokesperson has called Bitmain’s alleged hesitation around a purported initial public offering (IPO) “rumors,” in an email to Cointelegraph Dec. 17. When asked for verification and details on the crypto mining firm’s IPO status, the spokesperson responded that “HKEX does not comment on rumors.” Blockchain and crypto media had Read more…