Tag Archives: News

Influencers are emerging left and right, and for one Cuban citizen – Erich Garcia Cruz – bitcoin presented a valid opportunity to become part of the growing influencer community.Cruz: Bitcoin Use in Cuba Is GrowingCuba is widely considered to be a land of limited means. Given that it’s a socialist and communist nation, opportunities are relatively limited for many normal or average people, but Cruz isn’t allowing this to get in the way. He commented in a recent interview that the bitcoin...

Many banks are beginning to issue their own digital currencies. It can be implied that the likes of Libra may have caused these banks to look into establishing such assets, but according to a new report, bitcoin is the real reason many of these institutions have taken the next steps.Bitcoin May Have Given Birth to Many Bank-Issued Digital CurrenciesLibra is a scary currency for most banks in that it’s looking to establish itself as a global currency that virtually every country can gain...

Central banks are now consistently looking to release their own centralized digital currencies. While these assets are nothing like bitcoin – the latter gives financial independence to its users, while the former currencies are controlled by individual firms – it’s likely that these coins will all get in the way of each other, and that the likes of both bitcoin and Facebook’s Libra will be competing head to head with many of these bank-issued currencies.Libra Is Scary to Most BanksOne of the...

Grayscale Investments has announced that the price of bitcoin could potentially explode in the coming months given how much bitcoin is mimicking its 2016 behavior.Grayscale: Expect Bitcoin to Be More BullishIn a recent report, the institutional crypto trading platform writes:The current bitcoin market structure parallels that of early 2016 before [bitcoin] began its historic bull run. Amidst unprecedented monetary and fiscal stimulus, investors are searching for ways to protect against an...

It looks like the bitcoin and crypto presence in Africa is growing like crazy.Africa and Bitcoin Are Becoming the Best of FriendsTo be fair, Africa has always loved its bitcoin, but as of late, the continent is proving to be a hotspot for bitcoin adoption, and there are more companies based on bitcoin and crypto activity that appear to be popping up all over the place.One such company is Yellow Card, a bitcoin-buying firm based in the country of Nigeria. Recently, the firm landed as much as...

It looks like a former Uber exec is in a spot of trouble. Joseph Sullivan – the former Chief Security Officer at Uber – has been charged with paying more than $100,000 in bitcoin to hide a data breach of the company that occurred in 2016 rather than coming forward and explaining what had happened to the right authorities.Questions Regarding an Uber Exec’s BehaviorThe attack may have compromised millions of users and drivers. Sullivan has been charged with obstruction of justice and attempting...

Crypto lender and financial services firm Block Fi has garnered roughly $50 million in funding through a Series C funding round. The event was led by venture capital companies such as Morgan Creek Digital and brings its recently raised funds to more than $80 million after a series B round garnered the company as much as $30 million.Block Fi Is Headed to New HeightsBitcoin appears to be growing in popularity as of late, with the price of the asset spiking to new heights and briefly surpassing...

Could bitcoin potentially reach a price of $340,000?The Power and Strength of the Bitcoin PriceThis appears to be the sentiment amongst certain analysts and charting platforms granted bitcoin decides to play all its cards right. Should the currency imitate its 2016 halving behavior, there is a slim chance that it could spike to this range and beyond.As we all remember, bitcoin’s second official halving occurred during the summer of 2016. While not much happened at first, bitcoin’s price...

Recently, bitcoin – the world’s number one cryptocurrency – rose beyond the $12,000 mark all the way to $12,400. This was huge news for every trader, big and small, though at the time of writing, things have shrunk back a little bit for everybody’s favorite digital currency.Bitcoin Has Taken a FallAs it stands, bitcoin is now trading for just over $11,800. While this isn’t as bad as where it stood yesterday ($11,600), things still aren’t quite where they were, and many analysts and industry...

Bitcoin cash price corrected lower, but it stayed above the $280 support against the US Dollar.The price is currently recovering, and trading above the $295 level and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $288 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair must break the $305 and $310 resistance levels for a fresh increase in the near term.Bitcoin cash price is slowly moving higher towards $300 against...