Tim Draper has always been a huge bitcoin advocate, but in a recent interview, he explains why he’s so convinced BTC is headed for the stars and beyond.Draper Says the Lightning Network Will Do Great ThingsIn the past, Draper has stated that bitcoin is likely to hit $250,000 by the time 2022 rolls along. He later altered his prediction a bit to suggest that this figure would instead be reached in the early months of 2023, thereby pushing things back somewhat. However, he stands by his...
Read More »Tether Introduces New Gold-Backed Stable Coin
The crypto world is seeing a huge influx of gold-backed stable currencies, and now Tether is adding a new one to the mix.Tether Is Getting Involved in GoldThe world could see the new “Tether Gold” cryptocurrency by the time Christmas rolls around this year. What is it about Christmas that seems to bring either great renown or floor-scraping gutter waves to the crypto space?Remember in 2017 during the holiday season when the number one cryptocurrency by market cap (we’re talking about bitcoin)...
Read More »BBC Allegedly Links $450 Million Missing Cryptoassets from WEX to the Russian FSB
In what seems like a story out of spy movies, the Russian service of the British Broadcasting Corporation (BBC) has allegedly linked about $450 million of missing crypto assets from the long moribund cryptocurrency exchange Wex with to Russia Federal Security Bureau (FSB).The BBC has for six years been investigating the collapse of BTC-e which many have believed was a front for the alleged laundering of over $4 billion worth of Bitcoins and why Alexander Vinnik is being accused of the same....
Read More »XRP Market Update: Ripple’s XRP Trend of Minor Losses
Current fundamentals show that the majority of crypto-currencies move widely in a range, extending their lateral trade, without showing any significant gain in the short term.The total market capitalization of cryptocurrency currently stands at about $ 238 billion, while Bitcoin accounts for about 65.8% of the total value and, in terms of market capitalization, XRP is the third-largest coin and is not excluded from the recent downward trend, the crypto saves price of $ 0.270 per piece,...
Read More »XRP Is Down 16% since Swell, Will It Ever Rise Again?
In what has been seen by many in the crypto space as a massive disappointment, Ripple Labs’ XRP token has fallen 16% to new lows since the swell event which held earlier this month in the Island Nation of Singapore. The token which has been seen by many to be one of the most innovative in the cryptocurrency basket has filed to meet the expectations for many factors some of which can be directly traced to actions by the parent company.Firstly, the burning of 55 billion Stellar Lumens (XLM) by...
Read More »Coinbase Visa Card Expands Offerings in Europe with 5 New Cryptos
It is no secret that cryptocurrency is been used more and more around the world as both an investment tool but also for everyday use and this is being facilitated by many merchants around the globe who are starting to accept cryptocurrency as a form of payment for their goods and services and also the many platforms that are facilitating the easy spending of cryptocurrency. One of these is the Visa debit card by Coinbase that allows customers to spend the cryptocurrency out of their Coinbase...
Read More »Bitcoin Price Slips below $8700 despite High Open Interest
After consolidating its position above $8700 levels for the past few days, the Bitcoin price crashed another 1% today. At press time, Bitcoin is trading at $8640 with a market cap of $155 billion.The latest price drop comes as Bitcoin has been a victim of sideways trading ever since it failed to sustain above $9000. With this move, Bitcoin has slipped below its major support of $8700. This move has clearly raised the exposure of further slipping to its next support of $8550.Over the last...
Read More »Crypto Lending DeFi Startup Compound Finance Raises $25 Million Led by Andreessen Horowitz
Compound Finance, a crypto lending and decentralized finance (DeFi) startup has recently raised a massive $25 million in its latest funding round led by venture capital Andreessen Horowitz. This is reportedly one of the largest investments in any DeFi startups to date.Andreessen Horowitz will be pouring money into Compound through its a16z crypto fund. Besides, other investing firms include Bain Capital Ventures, Paradigm, and Polychain Capital.Currently, Compound holds nearly $103 million...
Read More »#750 Walmart Blockchain Supply Chain Management, Anonymous 75 Millionen Bitcoin Spende & China Bargeldbeshränkung
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 750. Heute geht’s um folgende Themen: Walmart Kanada Blockchain Supply Chain Management, Anonymous will 75 Millionen US-Dollar in Bitcoin spenden & China schränkt Cash Transaktionen ein. 1.) Walmart Kanada führt die größte Blockchain für Supply Chain Management aller Zeiten einhttps://coincierge.de/2019/walmart-kanada-fuehrt-die-groesste-blockchain-fuer-supply-chain-management-aller-zeiten-ein/ 2.) Anonymous...
Read More »Bitcoin Cash Analysis: BCH Likely To Break Lower Towards $260
Bitcoin cash price is under a lot of pressure as it broke the $288 support against the US Dollar.The price is currently trading near a major support at $269, with a bearish angle.There are two major bearish trend lines forming with resistance near $280 and $290 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair remains at a risk of more losses below the $269 support area.Bitcoin cash price is facing an increase in selling below $280 against the US Dollar. BCH/USD might...
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