While many in Washington D.C. are hesitant to give Bitcoin their support, a Congressman recently took to Twitter to support this nascent space.Related Reading: Crypto Tidbits: Bitcoin Holds $9k, Ethereum DeFi Gains Traction, Trump Talked BTC in 2018Congressman Throws Weight Behind Bitcoin, Calls It “Sound Money”On June 22nd, the Congressman of Ohio’s eighth district, Warren…
The crypto industry, Bitcoin, blockchain, and any of its varieties is driven primarily by hype and speculation as the emerging technologies underlying each asset are often too new or unproven to yet provide a realistic valuation. Due to this, the constant ebb and flow of FUD and FOMO often dictate market movements and turn major…
Bitcoin gave up its intraday gains as China’s central bank revamped its benchmark lending rate lower to tackle slowing economic growth. Bitcoin steady as global regulators set to discuss economic stimulus this week | Image Credits: TradingView.com The top cryptocurrency dropped by $242, or 2.21 percent, to $10,705 as of 16:48 Shanghai time. The move…
All this week, the crypto market has been under a microscope both by politicians with regulatory power, and throughout the entire crypto community hoping to determine what long-term implications Facebook’s Libra will create for Bitcoin now that policymakers are up in arms over the asset class. Following a negative tweet from United States President Donald…
According to Mati Greenspan, Libra has garnered some support at long last, and from an unlikely figure no less. Citing a recent article, which he translated via Google, the eToro analyst noted that the President of the Bundesbank, the central bank of Germany, lauded the Facebook-backed crypto project. Hot off the German press… The President…
U.S. President Donald Trump could use his position to potentially ban bitcoin, believes financial analyst Alex Krüger. “Trump could issue an executive order banning US persons from dealing in Bitcoin,” said Krüger. “He has already done so with the Petro. Trump could ban the Petro because it represented an “attempt to circumvent U.S. sanctions,” [which…
Last week, the crypto market was blessed by a historical event: Bitcoin and Libra were both mentioned in name by the sitting American President. Related Reading: Analyst: Bitcoin Could Hit $9,000 Should Bearish Breakdown Occur; Here’s Why In a three-part thread, Donald Trump lambasted cryptocurrencies as a whole. Per previous reports from NewsBTC, the American…
Popular cryptocurrency proponent and news presenter Max Keiser has responded to President Trump’s anti-Bitcoin outburst yesterday. The long-term Bitcoin bull believes that a United States opposed to Bitcoin is an advertisement to nations wanting to distance themselves economically from the nation to adopt the digital asset. Keiser equates the move by Trump to a “giant…
Last night, the entire crypto Twitter became electrified with chatter when United States President Donald Trump tweeted about “magic internet money,” also known as Bitcoin and cryptocurrencies. According to Morgan Creek Digital partner and co-founder Anthony “Pomp” Pompliano, while Trump’s tweet was indeed significant, it also sheds a light on how Bitcoin is designed to…
Thursday was a crazy day for the Bitcoin (BTC) and crypto industry. Within that span of 24 hours, some of the world’s most powerful individuals commented on the cryptocurrency asset class, tipping their hand as to how governments may address this budding space. These individuals include Donald Trump, the incumbent United States president; Federal Reserve…