Tag Archives: Bitcoin

Credit cards and cryptocurrency are becoming one, and several exchanges and blockchain-based companies have sought to release their own crypto-backed credit and debit cards. The latest company to announce such a project is Block Fi, which says it will launch a new bitcoin rewards credit card later this year.Block Fi to Issue BTC Rewards Card2020 is proving to be something of a mixed period for bitcoin. While the currency started out the year at well over $7,000, it quickly dropped during...

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...

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...

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...

Bitcoin price started declining after it failed to surpass the $7,380 resistance area against the US Dollar.The price is now trading well below the $7,300 pivot level and the 55 simple moving average (4-hours).There was a break below a connecting bullish trend line with support near $7,220 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could dive below the $7,060 support in the near term before a decent upward move.Bitcoin price is slowly moving lower towards the...

The year 2020 has finally arrived, and it looks like bitcoin is off to a mediocre start.Are Things Already Going Awry for Bitcoin?At the time of writing, the world’s number one cryptocurrency is trading for just over $7,200, meaning it has taken a $200 nosedive over the past couple days. What a pleasant (insert sarcastic note here) way to start off the new year.Many are worried that at the end of the day, 2020 will be just another year in which bitcoin repeats its wild price behavior. The...

China’s virtual currency – the digital yuan – is set to make its official debut, and many residents and potential users aren’t happy about the way it’s structured.The Digital Yuan Isn’t for SpeculationRecently, the country issued a new law that would allow for the creation of such a coin. China had commented in the past that the digital yuan is designed to assist the nation in competing with Libra, the new cryptocurrency project being set forth by the social media conglomerate Facebook.For...

Former hedge fund manager Mike Novogratz is joining the ranks of Tim Draper, Charles Hoskinson and Ross Ulbricht and making some wild predictions about bitcoin’s price for the year 2020.Mike Novogratz: $12K for Bitcoin SoonIn a recent tweet, Novogratz commented that he thinks the world’s leading cryptocurrency by market cap will spike to $12,000 in the coming months. While $12K is certainly a fine number by most standards, it doesn’t quite garner attention or interest the way the predictions...

2020 is literally right around the corner. In what will be the final posting for Live Bitcoin News during 2019, let’s conclude our end-of-year series and examine how bitcoin might maneuver throughout the next 12 months, and how 2020 may stand in terms of bitcoin prowess.The Bitcoin Price Is Slated to Go BigWe’ve yet to begin the year, and already analysts and industry experts are going crazy with their price predictions for the world’s leading digital currency. Allegedly, this is the year...

As 2019 finally comes to an end, we close out not just a single year, but a rather wild decade. Starting tomorrow, the 2020s will come roaring in, ready to spread joy throughout the land of bitcoin and its altcoin counterparts. Let’s look back at some of the biggest stories to occur surrounding cryptocurrency over the past ten years and how they’ll influence the coming months.The Development of BitcoinWhile bitcoin wasn’t necessarily born in the 2010s (the whitepaper supporting its creation...