Following the announcement of Facebook Libra – a crypto project aimed to replace the US dollar and other fiat currencies, the United States has been up in arms regarding Libra, Bitcoin, and the rest of the cryptocurrency landscape. The US is finally ready to begin regulating this portion of the financial sector and has begun…
Countries that embrace bitcoin would be frontrunners in the financial technology space, according to Anthony “Pomp” Pompliano of Morgan Creek Digital Assets. The co-founder & partner told CNBC Squawk Box during a panel discussion that some nation would one day decide to adopt bitcoin. He cited Game Theory, a study of strategic interactions between rational…
Bitcoin has often been referred to as ‘digital gold’, even more so in recent times when economic woes have been driving investors to safer havens. Industry experts have been weighing in with their own take on the narrative and BTC’s status as a store of value. Is Bitcoin Digital Gold? According to a report from…
The viability of Bitcoin (BTC) and crypto assets in today’s ever-changing economy continues to swell, according to a former Goldman Sachs executive. Related Reading: Is the Declining Global Economy Growth Fueling the Stunning Rally of Bitcoin? Bitcoin and Crypto Just Make Sense Legendary Bitcoin-centric podcaster Stephan Livera recently brought on Raoul Pal, a crypto-curious former…
The doom merchants immediately start rejoicing as soon as Bitcoin begins to dump but in reality this is simply a normal and expected component of the market cycle. At the moment BTC is down just over 30 percent from its 2019 high but it could drop even further. Bitcoin Holds $9,500 There has been very…
Bitcoin price is currently consolidating above the key $9,300 support area against the US Dollar. The price is facing a few key resistances near the $9,500, $9,600 and $9,650 levels. There is a connecting bearish trend line forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Outspoken gold bug and Bitcoin naysayer Peter Schiff claims that the first-ever crypto asset’s “2019 low will not hold” due to the lack of volume during the recent bull run. With Bitcoin price skyrocketing from 2019 lows in the $3,000 to $4,000 range to a local high of $13,800, and its now struggling to sustain…
Bitcoin and the aggregated crypto markets have once again incurred an influx of volatility that has extended the instability that was first incurred just over one week ago when BTC sharply moved towards $11,000 but failed to sustain this movement. Now, analysts are noting that Bitcoin’s recent trading action has allowed it to form a…
The government of Australia wants to ban cash payments for goods and services exceeding 10,000 AUD ($6,900). Interestingly, it excludes digital currency, such as Bitcoin, from the restrictions, arguing that if the regulations cover crypto assets, they would also limit innovation. Although Bitcoin is excluded from the proposed ban, such restrictions make the case for…
San Francisco-based US Capital Global Securities is dipping its toes into the world of cryptocurrencies and blockchain. The FINRA-licensed broker-dealer company on Monday announced that it is committing $10 million to NYCQ Fund LP, a private digital venture capital fund launched by CityBlock Capital. The firm said it is seeking accredited investors to back the…