In Taiwan on Wednesday, Nouriel Roubini was as bearish on Bitcoin (BTC) as ever before. The career market cynic, who famously called the 2008 Great Recession, which, ironically enough, was the catalyst that spawned the first cryptocurrency, quipped that this entire industry is rife with scammers, criminals, degenerates, and so on and so forth. Related…
Bitcoin (BTC) was built to be an alternative to the traditional of finance. While Satoshi Nakamoto, the creator of the cryptocurrency, never explicitly made such a comment, many have come to understand this underlying raison d’etre. Former Blockchain.com product manager Dan Held, for instance, once issued an extensive 47-part thread on Twitter to claim that Satoshi…
It goes without saying that bears weren’t kind to the crypto industry in 2018. The aggregate value of all cryptocurrencies fell like a “falling knife,” as retail investors pulled out of this market en-masse and hype dissipated. Yet, even amid this devastating downturn, which beat this market to hell and back, Bitcoin (BTC) quickly became shelter…
As Bitcoin and crypto prices continue to fall profitability from mining using certain types of hardware inevitably follows suit. Japan has a number of high profile corporations heavily invested in mining operations and it looks like they are about to pull the plug. Closure of Crypto Mining Hardware Production and Farms According to reports in…
If you’re a Bitcoin miner or enthusiast, you now have another reason to smile. On October 12th, RSK, the project that brought smart contracts to Bitcoin, launched a new incentive program that will provide a big boost to its merged mining rewards program. RSK’s reward program, which compensates merged mining efforts in RBTC, the platform’s…
Crypto’s most fervent diehards have often been lambasted for their Bitcoin (BTC) price forecasts. Blockchain project promoter John McAfee, the eccentric millionaire behind the cybersecurity company that shares his surname, called for BTC to surpass $1 million by 2020’s end, claiming that he would consume his family jewels if the prediction doesn’t come to past. And…
Over recent years, eSports — and gaming, in general — have blown up. You may think crypto may have seen growth, but so too has this fledgling sector. Estimates state that eSports have a global audience of hundreds of millions, most of which are presumably teen-aged or millennial-aged men, and industry value in the billions.…
In the eyes of many across the globe, including anti-establishment figures, credited and established economists, and consumers, the macroeconomy could be on the verge of collapse. In fact, in a recent Bloomberg op-ed, Narayana Kocherlakota, the former president of the Federal Reserve’s Minneapolis arm, advised his old employer to prepare for a crisis. But Bitcoin…
SBI Holdings, a Japanese company with major banking subsidiaries including SBI Securities, SBI FXTRADE, and SBI Virtual Currencies, has received the green light from Japanese regulatory authorities to move forward with their partnership with US-based Ripple in order to launch a new joint venture called SBI Ripple Asia. The newly approved venture has been in…
On Sep 20, former Goldman Sachs executive and Fund Manager at Fortress Investment Group Michael Novogratz said the Bitcoin market achieved a “bottom” and ready for an upswing. This is not the first time Michael has expressed his optimism towards the market. At the All Markets Summit, he said the crypto market is at “seller…