Overnight on Saturday, in the late hours of the night, Bitcoin price flash crashed by over 10% and $1,400 in just ten minutes. But what caused such a massive crash in the cryptocurrency, and how can investors and traders prepare for such an unpredictable event? 3/10 The moment BTC hit $12,000 was right afer midnight…
During a hearing on the potential introduction of a digital dollar, Senator Tom Cotton claimed whatever the United States comes up with, it has to “be better than Bitcoin.”He also asserts it must be better than China’s digital yuan, which is currently in its pilot phase in the country. If it doesn’t, the dollar’s place…
UBS analysts expect Asia to be the only region that sees positive growth this year, and the return to strong earnings in the region could spark a renewed appetite for risk, and potentially, Bitcoin.UBS Analysts Expect Positive Growth in Asia, May Boost Bitcoin Buying in the RegionThe global economy is crumbling, and although markets are…
For more than the last 100 years, the US dollar has reigned supreme over the rest of the world as the global reserve currency. But with the economy in shambles, and hyperinflation inbound for the US dollar, will Bitcoin unseat the dollar as the global reserve currency that rules for the next one hundred years?Recapping…
With each passing day, the global government is revealing more and more economic stimulus and bailout budgets to prevent further collapse of the economy and save corporations critical to civilization as we know it. But the more the government overspends, the more bullish the case for Bitcoin – an asset that’s value could climb significantly…
The signals are strengthening as the winds of economic change blow harder. A global economic slowdown has already begun as central banks scramble to prop up their economies by printing more money. The last financial crisis was caused by banks and it is highly likely they’ll be responsible for the next one. Keep On Printing…
Ever since Bitcoin (BTC) was birthed, its early adopters have dreamed of a world where cryptocurrency is the go-to medium of exchange, not fiat currencies. But, ten years since Bitcoin was released, this dream has not been had. Related Reading: Bitcoin Pioneer Adam Back: BTC Price at $50,000 “Not Far Off” Cryptocurrency pundits on Twitter…
The countdown has been ticking for some time now and it is currently 471 days until the Bitcoin block reward halves. This milestone in the evolution of the world’s most popular digital currency will also make it far less inflationary than most of the current central bank’s targets. Bitcoin Block Reward and Inflation to Fall…
Former boxing champion Floyd Mayweather and music producer DJ Khaled have become entangled in an alleged multi-million dollar cryptocurrency scam. Both Mayweather and Khaled were involved in the promotion of Centra Tech's 2017 "initial coin offering" (ICO), whereby funds are raised through the sale of cryptocurrency tokens. Two of the founders of Centra Tech – Sam Sharma and Robert…
On Monday morning, the Winklevoss-twins backed crypto exchange Gemini, announced that it would be releasing a US dollar backed stable coin hosted on the Ethereum network. The token is designed to provide liquidity options for users wanting to send US dollar fiat back and forth via the Ethereum blockchain. The press release from the Gemini…