Venezuela’s President Nicolas Maduro openly admitted that his policy is definitely pro-crypto – especially regarding Bitcoin and Ethereum. He said Venezuela’s government will use cryptocurrencies as a “method for free national and international payments.”Let’s not forget that the U.S. imposed sanctions that have largely isolated the country from the global financial system, causing one of the world’s most severe economic crises and forcing statesmen and executives to use a whole new network...
Read More »Top German Bank Predicts Bitcoin to Hit $90,000 After Halving, Calling It ‘Ultrahard Money’
Bayern LB, one of Germany’s top banks, has published a report in strong support of bitcoin superseding gold, predicting a price of $90,000 per BTC post bitcoin’s halving in 2020. Within a report entitled, “Is bitcoin outshining gold?” the bank’s researchers delved into the stock-to-flow ratios of gold and bitcoin, specifically regarding the impact of reduced supply on asset value. The Stock-to-Flow Model A stock-to-flow (SF) ratio is an analytical method commonly used within commodities,...
Read More »Bitcoin Depot Looking to Expand to 1,000 Crypto ATMs to Better Serve Underbanked
The prevalence of underbanked people in the United States is a cause for concern. Currently, eight percent of 115 million households in the United States alone are underbanked or don’t have access to banking services such as checking accounts, savings, loans, or lines of credit. This prevalence is driven largely by high fees, inconvenience, and a distrust of traditional banking systems. While there’s no fast or easy solution to America’s underbanking issue, could cryptocurrency ATMs be the...
Read More »WEG Helps Businesses Say “Yes” to Crypto Payments
German bank WEG is paving the way for retailers to begin accepting crypto payments in the year 2020.WEG Helps Institutions Say “Yes” to CryptoWEG Bank is owned by both the blockchain firms Nimiq and Token Pay, as well as by the Litecoin Foundation. In an interview, CEO Matthias von Hauff says that the establishment is beginning to accept applications from companies and businesses that are interested in accepting crypto in the future. He says:You don’t have to be a customer of the bank. All we...
Read More »Bitcoin Art : Le Radeau de la Méduse 2019
Après l’autoportrait de Delacroix et La Liberté guidant le peuple, le peintre muraliste Pascal Boyart revisite aujourd’hui le Radeau de La Méduse de Théodore Géricault pour en faire un hommage à Bitcoin. Pour qui est attentif à la forme du bateau qui arrive au loin, l’allégorie est transparente : Après la tempête de la crise financière les naufragés du système bancaire hèlent le nouveau paradigme qui...
Read More »Crypto Rating Council: Bitcoin-Börsen entwickeln gemeinsam Bewertungssystem für Token
CRC Securities Framework Asset Ratings Die Krypto-Börsen Coinbase, Kraken, Bittrex, Anchorage, Circle, DRW Cumberland, Genesis sowie Grayscale Investments haben zusammen ein Punktesystem für Token herausgebracht. Dieses soll anzeigen, ob und inwieweit eine Kryptowährung einem Wertpapier entspricht. Kryptowährungen – Aktien, Handelswaren oder Zahlungsmittel? Über die Frage, ob Kryptowährungen eher als Aktien, Handelswaren oder...
Read More »Bitcoin Can Drop to Anywhere from $7,000 to $0 Say Experts
Bitcoin’s fall from grace over the last few days has emboldened bears to come out of hiding. Calls for a plunge to $7,000 and below are overwhelming social media channels. It appears that in one bearish push, all the hard work that the bulls put in this year has gone out of the window. The CIO of Redacted Capital sees bitcoin dropping by another 15%. | Source: TwitterTo get a better sense of where bitcoin is headed in the near-term, we asked several experts on what they think would be the...
Read More »First Week Performance of Bakkt’s Bitcoin Futures Remains Disappointing
Last week, the Intercontinental Exchange (ICE) launched its regulated Bitcoin Futures contracts. While there was a lot of buzz before the launch, Bakkt failed to make an impact on the market.The Bakkt futures contracts saw very lukewarm response from investors. With one week since its launch, the Bakkt futures contracts have just $5 million in total trading. Bakkt’s Bitcoin futures contracts come in two options – daily and monthly settlement. The daily contracts settlements have received an...
Read More »Could Tether Be the World’s Most Used Cryptocurrency Ahead of Bitcoin?
What is the most used crypto in the world today? Many may think that it is Bitcoin since it accounts for over 67% of the digital-asset world’s market value. They could be wrong. Although dependable figures on trading volumes are rare to come by in the unpredictable crypto finance world, CoinMarketCap.com data shows some interesting reports.The token that has the highest daily and monthly trading volume is Tether that has a market capitalization that is over 30 times smaller than Bitcoin....
Read More »Sequoia-Backed Band Protocol Enters DeFi With Ether-Denominated Binary Options
Photo: Band Protocol / MediumBand Protocol, Sequoia-backed data management company, has launched the mainnet of its decentralized trading app. The news follows Band Protocol’s announcement about going live on Ethereum mainnet.2/ Another key highlight today is the launch of BitSwing Mainnet, which represents a perfect example of dApps made possible with $BAND oracle.?Available now on: https://t.co/I5Phc78KEb— Band Protocol (@BandProtocol) September 30, 2019Features of BitSwingCalled BitSwing,...
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