Tag Archives: News

Peter Schiff is once again coming after bitcoin and calling it out as a fraudulent currency.Peter Schiff: You Can’t Buy Anything with BTCSchiff has never been a big fan of bitcoin, so his latest words shouldn’t come as a major concern or surprise for bitcoin holders. Recently, the financial commentator and stockbroker explained that bitcoin is a phony currency in that you cannot buy anything with it.His latest words come via Twitter as a response to a message from one his followers. The...

It seems like you just can’t get a straight answer about bitcoin, these days.Should We Buy Bitcoin or Not?The idea amongst many analysts is that bitcoin is going to potentially hedge one’s wealth against inflation and other forms of economic turmoil. Many have said that with the introduction of the stimulus package and most Americans getting $1,200 in their pockets, that the U.S. dollar doesn’t have the same kind of power it once did.Thus, the idea is that one should invest in bitcoin and...

Stellar lumen price started a fresh decline after it failed to clear $0.0735 against the US Dollar.XLM price is now trading well below $0.0700 and the 55 simple moving average (4-hours).There is a key bearish trend line forming with resistance near $0.0688 on the 4-hours chart (data feed via Kraken).The pair could continue to move down towards the $0.0605 and $0.0600 support levels.Stellar lumen price is trading in a bearish zone against the US Dollar, similar to bitcoin. XLM price could dive...

Ripple price failed to stay above $0.2050 and declined sharply against the US dollar.The price is now trading in a bearish zone below the $0.2000 support level.There is a major bearish trend line forming with resistance near $0.2000 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could continue to move down towards the $0.1800 level as long as it is below $0.2000.Ripple price is showing a bearish signs below $0.2000 against the US Dollar. XRP price could decline...

Financial advisory firm Goldman Sachs has announced it will host a client call to discuss gold, bitcoin, and inflation with its customers.Goldman Sachs Will Discuss the Powers of BTCAll three topics are likely on many investors’ minds right about now. Inflation is a big topic that’s bouncing back and forth between traders considering the coronavirus led to a $2 trillion stimulus package two months ago that saw many Americans receive individual checks of around $1,200.While this move was...

Bestselling author Robert Kiyosaki is putting all his hope and dreams into bitcoin.Robert Kiyosaki: Invest in Bitcoin Now!In a recent series of tweets, the bestselling author of “Rich Dad, Poor Dad” announced that the release of trillions back into the economy – aka, the recent stimulus package designed to hit back against the coronavirus pandemic – was a huge mistake. He explained that the dollar is on the verge of dying out, and he’s advising everyone to put their money into assets like...

Bitcoin has had a rough couple of days with its latest dip below $9,000. While that didn’t last long (the asset has since risen back to about $9,100 at press time), other coins – such as OmiseGO – have utilized this period to exhibit bullish activity and rise beyond what anybody thought possible.OmiseGO Is Pumping Like MadOmiseGO (OMG) is a coin that probably nobody’s really heard of before, but that’s all about to change considering Coinbase – the biggest and most popular cryptocurrency...

Yesterday was Bitcoin Pizza Day. Traders and crypto enthusiasts around the world celebrated by snacking and munching on pizza not necessarily because it’s so good, but because it’s part of a now ten-year tradition that many industry players like to celebrate.Bitcoin Pizza Day Has ArrivedMay 22, 2010 was a monumental day in most crypto enthusiasts’ eyes given that it was the first time an official purchase was made with bitcoin. The currency, like all digital assets, was initially created to...

Apparently, not all mining companies are in good shape. Canaan Creative – the largest mining facility in China after Bitmain – has announced that sales seriously dropped during quarter one of 2020, and that the company has lost nearly $6 million despite significantly lowering prices on all its mining equipment.Canaan Creative Takes a Nasty HitIn all, Canaan has lowered the prices of all its mining machines by half in the past few months, but this hasn’t been enough to keep revenue streams...

Out of the blue yesterday, bitcoin suddenly got it into its head that it needed to take a sharp nosedive.Bitcoin Takes a Trip Down SouthEveryone is talking about the flash crash that bitcoin has endured. Without warning, the currency fell as low as $8,700, slicing off several hundred dollars from its price in just a matter of hours. At the time of writing, the currency has settled back in the $9,100 range.It’s good to know that the currency is comfortably positioned above $9,000, which has...