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Bitcoin hailed as '’s uccess’ by China in remarkable shift in mindset

Bitcoin hailed as '’s uccess’ by China in remarkable shift in mindset

A state-run newspaper in China has published a front-page story hailing bitcoin as the first successful application of blockchain technology. The praise marks a significant shift in Beijing's¬†stance towards the cryptocurrency and comes as the country prepares to launch its own digital currency. Monday's edition of Xinhua¬†went into detail about how bitcoin and its underlying…
Why Litecoin May Quickly Post Major Gains In Spite Of Present Bearishness

Why Litecoin May Quickly Post Major Gains In Spite Of Present Bearishness

Litecoin (LTC) has been facing an ongoing influx of selling pressure ever since its mining rewards halving that occurred this past-summer, which sparked a deep-cutting sell-off in spite of the fact that many investors and analysts had believed it to be a bullish event. In the near-term, analysts are noting that they anticipate the cryptocurrency…
A Million Bank Users Request Their Cash, is Crypto a Practical Option?

A Million Bank Users Request Their Cash, is Crypto a Practical Option?

Almost one million customers of an Indian bank are currently without access to the money they deposited with the institution. The incident serves as yet another reminder of the shortcomings of the current banking system and the potential improvements offered by crypto. The bank in question has been under investigation for fraud and Mumbai police…
Experts Anticipate Additional Losses as Bitcoin Forms EMA Bear Cross

Experts Anticipate Additional Losses as Bitcoin Forms EMA Bear Cross

Bitcoin (BTC) has continued inching lower following its recent bearish break below $9,000, which points to the possibility that bears are building strength as bulls fail to propel the crypto while it trades just a hair above its key near-term support level. Analysts are now noting that Bitcoin may soon incur further losses as it…
Bitcoin Repairs This: Top Bank Chief States Monetary Policy is Stopping Working

Bitcoin Repairs This: Top Bank Chief States Monetary Policy is Stopping Working

Representatives of the current financial system are inadvertently extolling the virtues of Bitcoin at a higher frequently than ever before. The latest is Deutsche Bank President Karl von Rohr, who states that current methods intended to stave off economic crisis are lessening in efficacy. Von Rohr describes the current climate for the financial services industry…