Tag Archives: News

A new study shows that approximately 67 percent of millennials think bitcoin is the ultimate “safe haven” asset, beating out gold and other precious metals.Millennials Really Love Their BitcoinThe digital currency first arose in 2008 during the time of the Great Recession. Many of today’s millennials likely spent part of their teen or pre-teen years watching the effects of this recession. They likely saw their parents get laid off their jobs despite years of loyal service. They might have...

It’s always nice to start things off with good news, and today, the price of bitcoin has incurred another heavy surge that’s causing many traders and analysts alike to regain hope that 2020 will end on a high note.Bitcoin Gets Back on TrackAs of late, the world’s number one cryptocurrency by market cap has been suffering. The asset lost more than $1,000 off its price over the past week, dropping from around $19,000 per unit to about $17,900. Things weren’t looking great and many felt that...

Despite nearly two years of delays and several regulatory hurdles, Facebook’s Libra – now called Diem – is still looking to carve out a place for itself in the crypto space.Diem Is Still Trying to Move ForwardFacebook first entered the cryptocurrency environment in June of 2019, announcing that it was looking to establish a global payment system and unveil a new digital asset it was calling Libra that could potentially be utilized to purchase goods and services through the social media...

The crypto space and the traditional banking space appear to be one and the same as of late. There have been several crypto-based companies that are seeking to either establish their own banks or establish themselves as banks, and Paxos Trust – the official crypto partner of digital payment system PayPal Holdings Ltd. – is the latest firm to travel this route.Paxos Trust Is Trying To Become a Little MoreThe company has recently submitted paperwork with the Office of the Comptroller of the...

If you’re new to cryptocurrency and have some questions that need answering before you hop in, you’re probably looking for something that can potentially lead you in the right direction. That’s where an education package such as the Complete Cryptocurrency Professional Trading Bundle come in handy.An Education Package to Stir Traders in the Right DirectionOne of the big problems currently plaguing the crypto space is the lack of education that people have before they jump into transacting...

Crypto.com – which issues a digital currency-based credit card to its customers – has been given the greenlight to fully work and issue its services in Australia, meaning customers of the Great Outback can potentially begin to utilize digital currencies to pay for goods and services the way they would with cash or standard payment methods.Crypto.com Is Bringing All Its Services to AustraliaWhile the crypto credit card offered by the company is the company’s primary staple, the firm provides a...

Bitso – a cryptocurrency exchange backed by Ripple – has completed a funding round that saw more than $62 million raised for the trading platform. The round was led by some of the largest venture capital firms out there including QED Investors and Kaszek Ventures.Bitso Is Bigger Than EverBitso is based in Mexico, and the company has announced that it plans to use the money it’s earned to expand its horizons across all Latin America, which is becoming a heavy hub for crypto activity in recent...

2020 has been the year of the institution. Companies such as MicroStrategy, Square and Stone Ridge have all piled their money into assets like bitcoin and given new meaning to the crypto space. Now, with just weeks to go before the year is out, several other family offices such as the Massachusetts Mutual Life Insurance Co. are following in these firms’ footsteps.Massachusetts Mutual Is the Latest Institutional Fan of BTCMassachusetts Mutual has put approximately $100 million of its money...

Bitcoin cash price started a fresh decline from well above the $280 support against the US Dollar.The price is now trading below the $270 level and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $268 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair remains at a risk of more losses if there is a break below the $254 support zone.Bitcoin cash price is facing an increase in selling below $280 against the US...

It looks like Bit Pay – a bitcoin and crypto payments company – is looking to establish its own bank. Recently, the company filed paperwork with the U.S. Office of the Comptroller of the Currency (OCC) to establish the Bit Pay National Trust Bank.Will Bit Pay Soon Have Its Own Bank?To be fair, this won’t be the first time that crypto and standard banking services – should the paperwork be approved – are fused together. News first came several months ago that many banks had received the...