Bitcoin (BTC)

Peter Schiff, the chief executive of Euro Pacific Capital and Chairman of Schiff Gold, is an outspoken bitcoin hater. His animosity against the top cryptocurrency can be traced as far back as June 21, 2011. In his very own radio show, Schiff fervently expressed how bitcoin had no intrinsic value. He said, Intrinsically, the bitcoin itself has no value. It only has value as a medium of exchange so long as people are willing to accept it. The talk show host then proceeded to emphasize the...

If the signals are anything to go by the acquisition of premier South Korean cryptocurrency exchange Bithumb may fail unless some sort of miracle occurs. The Singaporean based but South-Korean owned BK Global Consortium has allegedly failed to meet up to its commitments as per the deal which saw only a $100 million (a third of the total of 400 Billion South Korean Won or over $330 Million) paid.BK Global Consortium’s Head Kim Byung-gu,n who spearheaded the deal, is said to have asked for an...

After quite a long period of incubation and regulatory pursuits, the Intercontinental Exchange (ICE), eventually launched its Bakkt’s Bitcoin futures contracts last week. The platform had always been heralded as the main ingredient that will serve as the proper Bitcoin catalyst but has failed so far. In fact, a day after Bakkt officially launched, Bitcoin shed almost 20% of its weight and dropped to $8,000 price level for the first time in months.Now Bloomberg reports that analyst from...

There are a lot of solutions for cryptocurrency wallets: applications, desktop versions, hardware pieces. But what could be more convenient than just opening a tab in your browser? Without the need to use special software or carry equipment with yourself, obviously. And is it possible to have a web wallet, that has all the functionality the other types have, without giving up security? We tried to find this out by reviewing some popular web wallets of 2019.Lumi WalletThe registration in Lumi...

Ripple Labs Inc, the owners, and developers of XRP, has just acquired Algrim, a crypto trading firm which has quite a bit of talent despite its small number of human resources.The six-person cryptocurrency firm which has been around for about a decade gives Ripple Labs a foothold in the crypto-friendly country of Iceland which though smaller than 500,000 people (around 340,000) has been at the center of the crypto space for many reasons one of them being access to cheap electricity.With its...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 717. Heute geht’s um folgende Themen: BTC-ECHO startet Security Token Offering (STO) & Binance US floppt – Nur Bakkt läuft schlechter. 1.) BTC-ECHO startet Security Token Offering (STO)https://www.btc-echo.de/btc-echo-startet-security-token-offering-sto/ 2.) Binance US floppt – Nur Bakkt läuft schlechterhttps://bitcoin-kurier.de/binance-us-floppt-nur-bakkt-laeuft-schlechter/ 4.) Bitcoin Informant bei iTunes...

Tech billionaire and Shark Tank personality Mark Cuban launched a savage takedown of bitcoin in a Wired video this weekend. He reeled off a list of well-trodden criticisms of the cryptocurrency, comparing it to baseball cards and slamming its ‘lack of intrinsic value.’ In a truly bizarre statement, he said he’d rather own bananas than bitcoin. Last time I checked, bananas weren’t the best-performing asset of the decade. Billionaire Mark Cuban: Bitcoin has ‘no intrinsic value’ Cuban began...

Nearly one year after it was announced that South Korea’s largest cryptocurrency exchange, Bithumb, would be sold to BK Global Consortium for 400 billion won ($333 million), the deal appears to be going nowhere. The acquisition, which would see BK Global Consortium purchase a 50 percent stake and one share, was originally announced by Bithumb operator BTC Korea Holdings on October 12, 2018. The purchasing company also put down $100 million as a down payment and had plans to create its own...

It appears that last week’s selling pressure can’t seem to stop as Bitcoin lost yet another $350 of its value in another vicious spike downwards. The cryptocurrency is now trading at around $7,800, falling well below the $8,000 level. This marks a decrease of around 4% on the day as Bitcoin’s total market cap now sits at around $141 billion.Bitcoin Price Goes Down AgainAfter a weekend of sideways action, Bitcoin begins the new week losing another chunk of its value. The cryptocurrency just...

The bitcoin price (BTC) has dropped by more than 25 percent in the past two weeks as the cryptocurrency market struggled to see a relief rally. The bitcoin price (BTC) fell below $7,700 as it failed to secure momentum above $8,000 (source: coinmarketcap.com)When the bitcoin price initially dropped to $7,700 on September 27, it rebounded fairly quickly with strength, surging to $8,400 in merely 48 hours. However, as BTC failed to test important resistance levels near $9,000, the dominant...