Tag Archives: Bitcoin News

At the present time, bitcoin is suffering like it never has before. The world’s number one digital currency by market cap has fallen into oblivion after trading at its highest level of approximately $64,000 per unit in April. It is now currently selling for about $37,000 per unit. Many analysts, it seems, are beginning to write the currency off, but according to former U.S. Treasury Secretary Lawrence Summers, bitcoin and other cryptocurrencies could very well live up to...

Up to this point, the hidden narrative is that central banks are somehow threatened by bitcoin… That they are fearful of it, and that they will do all in their power to somehow keep it from spreading or reaching the top of the financial ladder. However, according to Huw van Steenis – a former top advisor to the Bank of England – this is not quite true. Huw vann Steenis: We’ve Got the Wrong Idea About Crypto and Banks Huw van Steenis presently works as a senior advisor to...

Bitcoin has seen its harshest days recently. The world’s number one digital currency by market cap lost approximately 35 percent of its overall value and has dropped from the mid-$50,000 range, which is where it was in late April and early May, to about $36,000 per unit at press time. Many analysts and financial institutions are beginning to write the currency off as dead or dying, but according to two separate individuals, things are about to become much steadier....

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has taken more jabs at the bitcoin mining process. Elon Musk Isn’t Done Asking Mining Questions People were shocked last week when Tesla announced it would not be accepting bitcoin payments for goods and services despite claiming it would do so back in March. Sadly, this sent bitcoin into a huge downward spiral, and at the time of writing, the world’s biggest and most...

Over the past year, we have heard that bitcoin is a necessary ingredient of a successful portfolio. That so many hedge funds, wealth managers and other individuals and firms in charge of handling customers’ money are working hard to give them access to crypto, and that anywhere between one and three percent should be allocated to bitcoin. However, according to Societe Generale, this is not quite true. Societe Generale Thinks Gold Is Stronger Than BTC Whether these firms...

Bitcoin’s price has fallen once again following news from China. The Asian country says its regulatory authorities will begin cracking down on all mining and trading activities. China Seeks to Limit Trading and Mining The country has always had a rather up and down relationship with the world’s number one digital currency by market cap. At one point, there was more bitcoin activity occurring within China’s borders than any other region. China is also home to both Bitmain...

How could bitcoin have fallen so drastically in this time? Bitcoin Has Dropped Heavily Dr. Marion Laboure – an analyst at Deutsche Bank in London – said of BTC this week: Just as a fashion faux pas can happen suddenly, we just received the proof that digital currencies can also quickly become passe. It took bitcoin a mere three months to go from trendy to tacky. In many ways, it could probably be argued that it took even less time. The world’s largest and most popular...

It looks like millennials are beginning to lose their love for bitcoin. Millennials Are Looking at Altcoins More Than BTC Up until this point, it was widely believed that millennials were big crypto fans, and to an extent, they are. It is just that their tastes are “maturing” so to speak. They are beginning to shift away from the world’s largest and most popular digital currency by market cap and they are turning their attention to Dogecoin and other competing altcoins....

Billionaire investor David Rubenstein says that crypto has crossed a line into mainstream territory, and that the likelihood of digital assets disappearing at some point in the future is slim to none. David Rubenstein: Crypto Is Here to Stay Crypto has taken the world by storm over the past year. Bitcoin, for example, is the world’s largest and most popular digital asset by market cap. Trading for approximately $9,000 per unit last May, bitcoin ultimately incurred...

Mike Novogratz – a bitcoin bull, billionaire investor and former hedge fund manager – took some time to discuss the most recent bitcoin drop, saying that it was a “liquidation event.” Novogratz: Bitcoin Will Undergo a Serious Correction The currency – which was trading at $64,000 per unit just a month ago – had fallen into the mid-$40,000 range earlier in the week following news that Elon Musk was ending all bitcoin payments through Tesla and that he was potentially...