Bitcoin evangelist Samson Mow is refusing to overcome his hatred for American whistleblower Edward Snowden. The Blockstream CTO ‘evidently’ asked his social media followers to boycott Snowden’s new book, titled ‘Permanent Records,’ reminding the former CIA employee’s love for bitcoin’s rival, Zcash (ZEC). Mow said Snowden recommended to buy ZEC for people looking for financial privacy…
Cryptocurrency asset manager Grayscale Investments removed a piece of false information from its official website after the intervention of an economist. The New York firm had wrongfully maligned fiat currencies, writing that their average lifespan is 27 years. The statement attracted criticism from John Paul Koning, a Canada-based financial researcher, who claimed Grayscale merely misrepresented…
Bitcoin price started a strong rise after trading as low as $9,637 against the US Dollar. The price is trading above the $10,200 level, but it is facing hurdles near the $10,400 level. There was a break above a major bearish trend line with resistance near $10,150 on the hourly chart of the BTC/USD pair…
San Francisco-based crypto exchange Coinbase has revealed that it is evaluating potentially launching its own initial exchange offering or security token offering, akin to the Binance Launchpad program. Is this Coinbase following the emerging trends within the greater crypto market, or is this just the company hoping to capitalize on Binance losing its stronghold over…
After a powerful parabolic rally in the second quarter of 2019, Bitcoin price is struggling to maintain the bullish momentum the crypto asset once had behind it and is currently consolidating in a tightening triangle formation. Following repeated attempts by bulls to take the price per BTC to new highs, the market has turned bearish…
Bitcoin price failed to climb higher and declined sharply below $10,000 against the US Dollar. The price is now trading well below the $10,000 level and it could struggle to recover in the near term. There was a break below a contracting triangle with support at $10,150 on the hourly chart of the BTC/USD pair…
Things are going from bad to worse for the US financial system as it slides ever closer to recession. As bearish signals mount up the Federal Reserve found itself needing to step in again to attempt to rescue what is becoming an increasingly desperate situation. Trump Wants Negative Interest In its second cut in as…
Multinational financial services company Wells Fargo has been accused of hypocrisy over its seemingly confused stance on crypto assets. Whereas the firm has previously stated that it does not allow transactions involving cryptocurrency, it now appears that the financial giant is experimenting with its own digital currency. The third largest bank in the US announced…
Throughout 2019 many investors and analysts alike have been looking towards the approval of a Bitcoin (BTC) exchange traded fund (ETF) as a potential catalyst that could spark significantly further gains for the cryptocurrency. Yesterday, however, the ETF application that many within the crypto community had been looking towards as the most likely to garner…
Bitcoin is under pressure to deliver as the Federal Reserve expects to deliver fresh rate cuts upon the conclusion of its two-day meeting this Wednesday. Bitcoin price flat as investors eyes the outcome of FOMC meet this Wednesday | Image credits: TradingView.com The benchmark cryptocurrency slipped by $14, or 0.14 percent, to $10,171.17 past London…