One of the reasons Bitcoin was envisaged was to provide freedom from the banking system, which is clearly in trouble. Banks literally hold their customers to ransom when services are pulled. This is exactly what is happening now in China as citizens rush to withdraw their savings. China Bank Run Day Three Banks are becoming…
Blockchain technology has been given a somewhat unusual demonstration in New York City this week. Organisers of a traditional Chinese calligraphy exhibition have used the data sharing innovation to prove the authenticity of works on display. The exhibit also uses virtual reality technology. Viewers can experience the process by which artists create their pieces, learning…
The past few weeks have been an absolute flurry for the crypto space. Facebook’s launch of Libra awoke something in the public, forcing anyone and everyone to take note of this budding industry. Related Reading: Fresh Bitcoin Uptrend May Start in September, But Drop to $7,000 Could Precede Bull Run Case in point, the chief…
Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the products”. Bitmain Allegedly Used Customers Resources to…
Chinese messaging giant WeChat has banned users from conducting cryptocurrency-related activities. But that could be bullish for the industry, at least according to Changpeng “CZ” Zhao. The Binance CEO said WeChat’s decision to ax crypto-based OTC trading activities was “a classic example of short-term pain, long-term gain,” adding that censorship will eventually attract more people towards the…
Conflux (CFX) has recently recorded a significant price rise following a few days of bearish movements. According to data from CoinMarketCap, CFX has gained by 11.39% in the last 24 hours, emerging as the day’s top gainer. So what’s driving this price gain? Bank of China Announces SIM Card NFC Payments, Sparks Excitement In The…
Bitcoin bulls in control, up 25 percent Stable coins and OTCs allow Chinese participation Chinese traders are back. Thanks to OTCs and stable coins, traders can by-pass trade restrictions but at a premium. Overly, their involvement hints of bulls. Because of clear breakouts, it is likely that Bitcoin (BTC) would surge to $6,000. Bitcoin Price…
Economists at global investment bank Goldman Sachs believe there to be no end in sight to the ongoing US-China trade war. Although damaging to economic interests in both nations, the lack of resolution may well be bullish for Bitcoin. The cryptocurrency has historically performed well at times of heightened geopolitical tension. This is due to…
Este artículo también está disponible en español. As February began, crypto investors found themselves inside a turbulent market after the digital asset space went crashing down, leading to more than $2 billion in crypto liquidations and Bitcoin price plunged near the $90,000 mark. Related Reading Analysts attributed the current turmoil in the cryptocurrency sector to…
Several signs now suggest that Bitcoin’s recent pump to $11,000 that failed to hold could have been a bearish retest and rejection from support turned resistance. And while a bullish retest taking place at the same time has buyers confident, price action closely resembling last year’s Xi pump could be bad for the cryptocurrency. Bitcoin…