Tag Archives: Cryptocurrency News

The battle cry of the cryptocurrency industry has been one of decentralization, or one without any centralized authority. It is this distinguishing feature that sets the blockchain space apart from other sectors and cryptocurrencies like bitcoin from other assets. No central bank, bankers, or government controls it, and unless your Nouriel Roubini it’s hard not to appreciate this push toward democracy and decentralization. When the industry begins to compromise, that’s when the crypto...

Peter Schiff, the chief executive of Euro Pacific Capital and Chairman of Schiff Gold, is an outspoken bitcoin hater. His animosity against the top cryptocurrency can be traced as far back as June 21, 2011. In his very own radio show, Schiff fervently expressed how bitcoin had no intrinsic value. He said, Intrinsically, the bitcoin itself has no value. It only has value as a medium of exchange so long as people are willing to accept it. The talk show host then proceeded to emphasize the...

Amidst the crypto rout that has seen bitcoin hit three-month lows, the XRP price is swimming against the tide. In the last 24 hours, the no. 3 cryptocurrency has registered gains of 7%. Per CoinMarketCap, XRP has appreciated by roughly 7% to reach $0.2577 per coin, making it the biggest gainer among the top ten cryptocurrencies. XRP price chart. | Source: TradingViewDespite the jump, the XRP price is still below the monthly high of $0.3225 recorded on Sept. 18. The XRP price has also fallen...

Binance appears to be using its TRX stockpile to vote for itself as a TRON Super Representative and then scoop up the majority of the TRON block rewards. The TRONSCAN website reveals the No.1 TRON Super Representative (SR) to be Binance’s recently launched staking address. After launching mere days ago, the Binance address has already acquired 60% of all the votes in the TRON ecosystem. Just a few days after launching, Binance’s staking wallet has become the No.1 Super Representative on the...

Tech billionaire and Shark Tank personality Mark Cuban launched a savage takedown of bitcoin in a Wired video this weekend. He reeled off a list of well-trodden criticisms of the cryptocurrency, comparing it to baseball cards and slamming its ‘lack of intrinsic value.’ In a truly bizarre statement, he said he’d rather own bananas than bitcoin. Last time I checked, bananas weren’t the best-performing asset of the decade. Billionaire Mark Cuban: Bitcoin has ‘no intrinsic value’ Cuban began...

Nearly one year after it was announced that South Korea’s largest cryptocurrency exchange, Bithumb, would be sold to BK Global Consortium for 400 billion won ($333 million), the deal appears to be going nowhere. The acquisition, which would see BK Global Consortium purchase a 50 percent stake and one share, was originally announced by Bithumb operator BTC Korea Holdings on October 12, 2018. The purchasing company also put down $100 million as a down payment and had plans to create its own...

The bitcoin price (BTC) has dropped by more than 25 percent in the past two weeks as the cryptocurrency market struggled to see a relief rally. The bitcoin price (BTC) fell below $7,700 as it failed to secure momentum above $8,000 (source: coinmarketcap.com)When the bitcoin price initially dropped to $7,700 on September 27, it rebounded fairly quickly with strength, surging to $8,400 in merely 48 hours. However, as BTC failed to test important resistance levels near $9,000, the dominant...

The bitcoin price (BTC) has dropped from $10,050 to $8,000 in the past week by nearly $2,000 against the US dollar, leading traders to anticipate a larger pullback to lower support levels. According to traders and technical analysts like Josh Rager, the bitcoin price could drop to as low as $6,300 in the short term if the pullback intensifies to a region where large buy demand exists. The bitcoin price (BTC) has been struggling to recover after dropping to $7,700 (source:...

Some say that Silicon Valley is the new Wall Street, but could there be deeper reasons why tech companies like Facebook compete with banks like Goldman Sachs for engineers? It used to be banks that attracted the brightest. Before the financial crisis of 2008, Wall Street loved to hire mathematicians, physicists, and even rocket scientists to create innovative – and often very complex – financial products. They would design new derivatives and investment strategies and run quantitative risk...

The market for alternative cryptocurrencies is on life support this weekend after crashing to six-month lows on Thursday, the casualty of a sudden correction in the price of bitcoin (BTC). Altcoins have since recovered from their lows but remain at the precipice of another violent drop – a move that could usher in a new ‘crypto winter’ with devastating consequences. Crypto Markets Recover Slightly The combined altcoin capitalization fell to $66.1 billion on Thursday, the lowest since March,...