Following a couple of weeks of outright lambasting by US lawmakers, Facebook’s Libra crypto project appears to be cracking at the seams before it even gets off the ground. A fresh round of regulatory pressure has piled on this week from concerned countries around the world. Facebook Crypto Angst Escalates In the two months following…
The bitcoin dominance rate on Tuesday inched towards 70 percent for the first time since December 2017. At circa $217.91 billion, bitcoin’s market capitalization now covers 69.93 percent of the total cryptocurrency market. At its lowest, the world’s leading cryptocurrency was covering only 36.68 percent of the overall market in January 2018. Bitcoin Dominance Hits…
Bitcoin has continued to tear higher. As of the time of writing this, the flagship cryptocurrency is up 5% in the past 24 hours, finding itself trading for $12,500 a piece. Altcoins, interestingly, have not followed suit, perpetuating a trend of non-BTC crypto assets underperforming as Bitcoin sees a strong performance. As seen in the…
The UK information commissioner has expressed concerns over Facebook’s cryptocurrency-like project, Libra. Elizabeth Denham says that the San Francisco-based firm has not provided enough detail about how it will keep personal information safe. The British privacy regulators are the latest on an increasingly long list of agencies from around the world that have taken issue…
Bitcoin is at an interesting price point in its decade or so on the market. The first-ever crypto-asset designed by Satoshi Nakamoto is no longer in a bear market, but not yet in a bull market, as it has yet to set a new all-time high or break past the remaining bear market resistance. That…
Bitcoin’s narrative is ever-changing. It started out with more of a focus on its use as a payment currency, or “peer-to-peer electronic cash system,” then the focus shifted to “store of value” once more investors began thinking long-term with cryptocurrency. The latest twist to the Bitcoin narrative has turned it toward a safe haven asset…
The Chinese investors do not think of bitcoin as a safe-haven asset, and they are not buying it, believes Peter Schiff of Euro Pacific Capital. The statement appeared amidst international media coverages about bitcoin’s price rise against a gloomy macroeconomic outlook. On August 1, US President Donald Trump said that he could impose 10 percent additional…
All eyes have been on Bitcoin today as the king of crypto cranked ten percent to tap $11,800 during earlier Asian trading. The altcoins have been slow to react as usual but they are starting to wake up now with Litecoin leading the way in a post-halving pump. Litecoin Spikes 14 Percent Usually price pumps…
Bitcoin rose above the $11,800 level on Monday as People’s Bank of China (PBoC) pushed the Chinese Yuan to its decade low. At around 0740 UTC, the BTC/USD instrument established a local high of $11,860, up 6.67 percent in the past 24 hours. The move upward brought the pair’s 7-day gains to 23.93 percent. The…
Weekend trading for Bitcoin has been bullish but things really started to take off during Asian trading this morning. As BTC tapped a twenty four day high, it is now only $2k away from its 2019 peak and reaching it this week is not out of the question. BTC Taps $11,800 Bitcoin has not looked…