The Office of the Comptroller of the Currency (OCC), a bureau within the U.S. Department of the Treasury tasked with regulating the country’s banks and thrift institutions, has published a public letter clarifying that national banks and savings associations can provide cryptocurrency custody services to clients. “In the letter published today, the OCC concludes that Read more…
Peter Schiff attacked Bitcoin over its inability to beat Silver at its intraday gains. The prominent gold bug said the metal is the new Bitcoin. Cryptocurrency enthusiasts shot back, accusing Mr. Schiff of cherry-picking data to propagate his anti-Bitcoin agenda. Peter Schiff believes silver’s rally will be short-lived. In condemning it, he called the metal Read more…
The amount of stablecoins circulating throughout the crypto market has been tremendous growth in 2020 Although it took this fragment of the market five years grow to $6 billion in size, it has grown to over $12 billion throughout the past six months alone This is an extremely positive development for Bitcoin, as many view Read more…
Recently, rumors that PayPal is looking to begin offering cryptocurrency direct-sales began making headlines after insiders from the company, in addition to recent job postings looking for blockchain experts highlighted its renewed interest in cryptocurrencies. If confirmed, PayPal’s entry into the crypto space may result in a significant boon for the industry, by providing an Read more…
The Zhejiang district in China has laid the foundation for the Blockchain Service Network, (BSN) the country’s ambitious nationwide blockchain project, as per local reports this week. For starters; 135 public nodes are reportedly active in the province — affirming to China’s broader Five-Year-Plan that heavily features blockchain technology. Chainlink oracles form a major part Read more…
Popular cryptocurrency YouTuber recently posted a chart illustrating that if Bitcoin repeats its previous significant bull run from 2017, its price could exceed $300,000 by the end of 2021. Interestingly, this highly optimistic prediction corresponds with the well-known BTC stock-to-flow model. BTC To Over $300,000? Bitcoin price predictions are among the most commonly discussed threads Read more…
Former Wall Street hedge fund manager and prominent investor Mike Novogratz recently said that Bitcoin could break the coveted $10k mark soon and jump to $20,000. He also noted that the digitalization of money had begun worldwide, and the US needs to catch up with other nations such as China. Bitcoin To $20K, Says Novogratz Read more…
The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. Overall retail interest in the asset seems to Read more…
In a new report, Deutsche Bank ominously says there’s a strong likelihood of a disaster far worse than the recent pandemic coming over the next ten years. At least one of the scenarios could put an end to Bitcoin. Is Another, Even More Devastating Black Swan Event Coming Over The Next Decade? Bitcoin and the Read more…
The mining pool, which processed a mysterious Ethereum transfer carrying a needlessly excessive $2.6 million transaction fee, has announced it will distribute the millions among its miners. Bitfly, which operates the Ethermine mining pool, announced the decision on Monday, stating that four days is long enough for someone to have come to claim it. Miners Read more…