Tag Archives: Bitcoin

Many people are comparing bitcoin favorably to the centralized banking system of the United States following an interview on “60 Minutes” with U.S. Federal Reserve chairman Jerome Powell.Jerome Powell: We Printed Money DigitallyPowell appeared to discuss the country’s reaction to the ongoing coronavirus pandemic and the issuance of over $2 trillion in federal relief aid to small businesses and American individuals alike. Many people have already received checks of a full $1,200 as required by...

With the federal government printing new money every five minutes, many analysts and traders say that the threat of inflation is upon us, but strangely, many are not turning to bitcoin in these troubled times, but rather to gold. Several analysts believe that gold is the answer to many incoming economic troubles.Analysts: Gold Is Stronger than BTCFund manager Crispin Odey, for example, recently commented:Gold is the only escape from global monetizing. In the short term, the money will be made...

No doubt bitcoin’s been doing rather well as of late, but according to executives at Andreessen Horowitz, another breakout is on the horizon, and bitcoin could spike to levels we haven’t seen in some time.Andreessen Horowitz Predicts Big Things for BitcoinBoth Chris Dixon and Eddy Lazzarin – partners at the investment firm – wrote in a blog post that a “fourth crypto cycle” is about to emerge. They believe that bitcoin’s price is going to get much higher in the coming months, and that those...

Bitcoin price is trading nicely above the $9,540 and $9,400 support levels against the US Dollar.It is currently struggling to clear the $9,940 and $10,020 resistance levels.There is a major bullish trend line forming with support at $9,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could start a strong rally if there is a clear break above $9,940 and $10,020.Bitcoin price is currently consolidating gains above the $9,400 support against the US Dollar. BTC is...

Is cryptocurrency becoming far more mainstream and legitimate than we all realize? According to a new report, it just might be.Cryptocurrency Is Growing, According to Hedge Fund ManagersCryptocurrency is small when compared to the world of fiat, but it sure doesn’t have to stay that way, and according to a new report, more investors are flocking to crypto than ever before. In fact, hedge fund asset managers claim that in 2019, more people invested in digital currencies than ever before. At...

Pavel Durov – co-founder of encrypted messaging service Telegram – isn’t taking his latest defeat sitting down. The Securities and Exchange Commission (SEC) has recently brought the company’s TON blockchain program to a crashing halt, and Durov is frustrated about the situation.What Does the Defeat of Telegram Mean for the Future?In a recent interview, Durov explained that the news is bad for other countries in that while they can elect their officials, they are still very dependent on the...

It’s been almost a week since bitcoin’s widely anticipated third halving, and thus far, the event has turned out to be a real bore.The Halving Hasn’t Amounted to MuchWhile bitcoin isn’t necessarily in bad shape, the halving made everyone believe that something big was about to happen. That perhaps the world’s number one cryptocurrency by market cap was going to aim for the stars and get there overnight. That may have been somewhat unrealistic, but there is certainly some speculation as to why...

Elon Musk – the CEO of both SpaceX and Tesla – is continuing his praise for bitcoin, along with his attack on central banks.Elon Musk: The Stimulus Was a Bad IdeaMusk has a serious issue with the way the U.S. government has handled the coronavirus pandemic. He says that a trillion-dollar stimulus package is no way to fix the situation, and that printing money out of thin air just so everyone can enjoy a small piece of relief will only mask the real problem. He’s confident that central banks...

Stable currencies are becoming all the rage in the cryptocurrency space, and Seattle-based startup Stably – which specializes in making stable coins mainstream – is moving ahead of the game with an additional $1 million in funding.Stably Is Making Headway in the Crypto SpaceStable currencies are designed to be less volatile than other forms of crypto. Typically, they are tied to fiat currencies such as the U.S. dollar, the yen, the yuan, and the euro. This allows them to move at a more normal...

Who would have thought that sports and crypto would mix so well? Spencer Dinwiddie – a guard for the Brooklyn Nets – has announced a new bitcoin-based crowdfunding campaign that will allow his fans to choose which team he plays for next.Spencer Dinwiddie Is Looking for Crypto HelpDinwiddie first came to the bitcoin scene last year when he announced he wanted to allow people to invest in his basketball contract. While the league he played with raised an eyebrow or two over the idea, Dinwiddie...