Crypto news

As we’ve mentioned in the past, bitcoin does not – and cannot – appeal to everyone, and now we can add another angry doubter to the growing list of skeptics.Bitcoin Doesn’t Please EveryoneThe latest person to say “no” to bitcoin is Tendayi Kapfidze, a chief economist at Lending Tree. He recently referred to bitcoin in negative terms, calling it a “pyramid scheme” that invokes questionable means of making money for its investors.He stated:It’s a pyramid scheme. You only make money based on...

The bitcoin price surged $538 (+7.8%) on Coinbase overnight and into the morning, pulling back at noon Friday morning. Commentators were quick to link the sudden spike to the U.S. airstrike that killed Iranian General Qasem Soleimani. Are we beginning to see the bitcoin price factor in geopolitical risk? Not likely in this case anyway. Here’s why. The bitcoin price made a swift advance from a 16-day low at $6,853 around 9 pm Eastern Time Thursday night. It reached $7,391 on Coinbase just...

We’re just a few days into the new year, and bitcoin is continuing to show signs of depreciation.Bitcoin Continues to Head SouthThe currency remains a popular investment, but bitcoin’s price has started 2020 out with a few significant nosedives. The currency has fallen (once again) below the $7,000 line, and many are wondering if the year will continue to take bitcoin on a whirlwind of drops.While it’s probably too early to tell, 2020 is simply continuing the trends set forth by the previous...

It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in the process. Interestingly enough, this move coincided with a significant political event. The US President, Donald Trump, ordered an airstrike against Baghdad’s airport. During this, the leader...

Bitcoin may be down, but it’s still given users a lot of happiness.Bitcoin Has Outdone All Other InvestmentsPer one source, the currency has risen by more than nine million percent over the past ten years. The 2010s were an up-and-down decade. Many were recovering from the Great Recession that had occurred roughly two years earlier, and several people in the U.S. who had worked in the manufacturing industry were stuck looking for new jobs given that the country had shipped many of its...

Microsoft co-founder and billionaire, Bill Gates has a new wish this year and for the next decade starting 2020. In his new year’s wish, Bill Gates asks the government to increase the taxes on the rich.Off lately, Bill Gates has been quite vocal about tweaking the country’s taxation system wherein the ultra-rich pay more taxes to balance the growing income inequality. Therefore, he endorses a tax system that favors “taxing large fortunes that have been held for a long time”. In his latest...

As expressed in the Reuters release, Ripple is getting ready to reveal the most recent Brazilian cooperation in mid-2020. Louise Antonio, overseeing chief of Ripple, said that uncomplicated Brazilian financial guidelines assume a principal role in the organization’s expansion in the nation. Ripple talks about XRP‘s utilization of transfers with banks and controllers.Besides Brazil, Ripple intends to extend to all the South American nations, for example, Chile, Peru, and Argentina.Ripple as of...

The price of oil has now jumped and is on its way to $70, in the wake of a recent U.S. airstrike on a top general from Iran. Authorized by President Donald Trump, the airstrike targeted and killed General Qassem Soleimani. The general was the leader of the Revolutionary Guards’ Quds force.In response to the development, brent futures jumped over 4% even as tensions began to heighten.According to a report from the Pentagon, Soleimani was killed because he was “actively developing plans to...

Bitcoin’s price went on a rollercoaster over the past week but still remains trapped beneath the December resistance at $7,686. The cryptocurrency fell below $7,000 to find support at $6,885. However, after reaching this level, Bitcoin bounced higher as it now trades around $7,319.If the bulls continue to drive Bitcoin higher and push it above $7,400, immediate resistance lies at $7,698 (bearish .382 Fib Retracement), $8,000 (100-days EMA), and $8,200 (200-days EMA). On the other hand, if the...

Trump sent a shockwave through financial markets when he ordered an airstrike that killed Qassem Soleimani. Stocks, gold, and oil all fluctuated wildly as US-Iranian hostilities flared. Here’s how the prices of major assets responded. When US President Donald Trump ordered an airstrike that killed Iranian general Qassem Soleimani, he also unleashed a shockwave through global financial markets. Major stock indices cratered as investors fled into safe-haven assets like gold, and oil prices...