American economist and chairman of economic consultancy firm Roubini Macro Associates LLC, Nouriel Roubini, is keeping his earned nickname of “Dr. Doom” intact, providing an incredibly bearish report on cryptocurrencies and Bitcoin in front of the U.S. Senate today. Cryptocurrency is the “Mother of All Scams and Bubbles” Dr. Nouriel Roubini, who has earned the…
In both the natural world and the crypto market, whales are seen as colossal creatures that have a profound effect on the environment around them. Since Bitcoin’s rise to fame, a countless number of cryptocurrency investors have claimed that whales have been the primary catalyst behind this market’s unpredictable price movements. But, according to data compiled by one…
In an effort to bring their members up to speed about the goings on in the financial world, the AARP has published a list of Wall Street definitions. Amongst the different terms defined by the U.S.-based interest group are “Bitcoin” and “blockchain.” Is the AARP Glossary Meant to Educate or Entertain Readers? The group formerly…
A former Wall Street hedge fund manager-turned-artist has erected a massive inflatable Bitcoin rat art exhibit across from the U.S. Federal Reserve Bank in New York City. It’s thought to serve as a reminder that 10 years ago the Fed issued taxpayer-funded relief to banks in a $700 billion “bailout” following the sub-prime mortgage crisis.…
As Bitcoin’s price continues to trade sideways amidst a bout of low trading volume, investors are becoming increasingly keen to know which direction Bitcoin will move next. This will likely signal the continuance or reversal of the persisting bear market trend. Today, Bitcoin was trading relatively flat, trading within the tightening range between $6,500 and $6,700,…
In a recent ad about its Call Screen service, Google has revealed its feelings about Bitcoin and other cryptocurrencies, jibing at the massive electricity costs associated with mining them. Call Screen service is a new Android feature developed by the search giant, which will help put an end to telemarketing calls. The feature, which involves…
Despite its best efforts to keep crypto out of India, it appears that the Indian government is still not willing to completely exclude cryptocurrencies. According to the new announcement, India is making plans to launch its own digital currency. India Plans to Launch a Government-Backed Cryptocurrency One senior government official from a board created by…
In an extensive paper dedicated to the future of cryptocurrencies, Juniper Research Ltd. present a bleak view of the market over the coming months and years. The financial analysis group states that the entire Bitcoin and digital asset space appears to be heading towards an “implosion”. Juniper’s Report Analyses Cryptos Over the Next Five Years During…
It’s commonly known that cryptocurrency mining farms located in China have a stronghold over the Bitcoin ecosystem. However, a scathing new report suggests that China’s increasing influence over the leading cryptocurrency by market cap may be putting the Bitcoin network at severe risk. China’s Control Over the King of Crypto A new report entitled The…
Over the past week Bitcoin has seen an unprecedented amount of stability, with its volatility hitting a 17-month low. During the past few weeks, altcoins have had the chance to regain some of their losses, and they are now sitting well off their year-to-date lows. Despite the stability and increasing market sentiment, one analyst is…