The entire premise set in motion by Satoshi Nakamoto ten years ago was one of a decentralized peer to peer currency beyond the control of governments, banks and mega corporations. Fast forward to 2019 and we have yet to achieve that goal as banks are still controlling the inflow and outflow of fiat to crypto,…
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…
A group of major players in the crypto and blockchain industry have joined forces to pay D.C. lobbyists to ensure that US lawmakers pass legislation that is friendly to the crypto and blockchain industry. The group of fintech firms that are joining forces will be paying the lobbyists partially in crypto, and includes Ripple among…
Research suggests that Bitcoin is more fully understood and accepted today across US society than it was at the height of the bull market of 2017. According to a recent study, young adults are way ahead of other demographics with regards awareness, familiarity, perception, and likelihood to buy Bitcoin in the future. Blockchain Capital recently…
To many crypto savants, the modern political scene, which promotes centralization and censorship in some cases, is far from a topic of importance. But, as Tuesday’s U.S. midterm poll results have started to roll in, the ears of cryptocurrency enthusiasts have metaphorically perked up, as it was unexpectedly divulged that pro-Bitcoin/crypto politicians have been sworn into…
With trade talks between the US and China resuming next month all eyes are on the prospect of some kind of a deal. Not all are confident however and one industry executive still favors Bitcoin over any kind of economic recovery based on bilateral cooperation between the two powerhouses. China Won’t Back Down Founder and…
Would a state-backed cryptocurrency be better than its decentralized counterpart? International media has already rolled out their opinions on the matter. It’s a YES-IT-CAN. The opinions find their inspirations in comments made by Christine Lagarde last week. The head of the International Monetary Fund (IMF) said that a government-backed cryptocurrency would eliminate the issues of trust that…
Lawmakers from the United States House of Representatives have issued an open letter to the Internal Revenue Service (IRS), requesting additional clarity on tax laws surrounding crypto such as Bitcoin and Ethereum. The open letter was addressed to acting IRS commissioner, the honorable David Kautter on behalf of Congressmen David Schweikert (R-AZ), Brad Wenstrup (R-OH),…
Trade tensions between the US and China appear to be easing as the two powerhouses come to agreement. The lifting of tariffs is good for economic stimulus but safe have assets such as gold are now starting to cool off, will Bitcoin follow suit? US China Trade War Over? Officials from both sides stated yesterday…
Bitcoin began an impressive price surge minutes after China announced that it would slap additional tariffs on US goods. Beijing said late Friday that it would increase taxes on $70 billion worth of US imports of between 5 and 10 percent. That progressed its already worsening trade dispute with Washington which last week had announced…