Tag Archives: Opinion

At the time of writing, several of the world’s leading cryptocurrencies, i.e. bitcoin, Ethereum, Litecoin and so on, are continuing their drops into red territory, and it’s unclear if recovery lies on the horizon.Bitcoin: Where Will It Go Next Year?As it stands, many enthusiasts are likely wondering what the future holds. Several analysts, over the past few months, have touted 2020 as the start of something great for BTC and its altcoin comrades, but normal, everyday investors aren’t seeing...

Coin Floor – a cryptocurrency exchange licensed by the Financial Conduct Authority (FCA) in the United Kingdom – has announced that it will be turning its back on Ethereum – the world’s second largest cryptocurrency by market cap and the number one competitor to bitcoin – and removing it from its present list of available (and tradeable) cryptocurrencies.Coin Floor Says It Will Be a Bitcoin Only ExchangeAll ether-based listings will disappear starting on January third. The company says it...

After weeks of trading barely above $7,000, bitcoin (BTC) – the world’s largest and most powerful cryptocurrency by market cap – has unexpectedly fallen into the $6,000 range.Bitcoin to End the Year on a Negative Point?At press time, bitcoin is trading for just over $6,700, meaning it has fallen by anywhere between $300 and $400 over the past 48 hours. There are no valid reasons given for the sudden and dramatic fall, though one source is suggesting that Plus Token – a notorious Chinese Ponzi...

Silk Road founder Ross Ulbricht uses Elliott Wave theory to show how bitcoin could hit $100,000 by 2020. Sentiment towards crypto has taken a decidedly bearish turn in recent months. Bitcoin continues to trade below the $7,000 mark on Wednesday. Bitcoin’s latest brush with six-month lows has attracted nasty commentary about the future of digital assets. Although the so-called bitcoin obituary hasn’t added any new listings since November, fund manager Peter Schiff is already consoling...

Oh, Nicolas Maduro… When are you going to take a hint and realize that the people of your country aren’t interested in your silly little Petro coin?The Petro Isn’t That PopularIn his never-ending quest to push a centralized, socialist form of cryptocurrency, Nicolas Maduro – president of Venezuela – has announced that he will invoke an airdrop in which one unit of Petro will be offered to every public worker living within his country’s borders.The airdrop is set to take place at around...

The number of bitcoin traders going long on BTC is approaching an all-time high. That sounds bullish, but it’s actually an extremely bearish signal. Is the bitcoin price on the verge of another plunge? Bitcoin longs are nearing record highs on margin trading platforms like Bitfinex. The last time the number of long positions to reached this high, a fourth-month bear market followed, suggesting that another price crash may be on the horizon. The number of bitcoin long positions is growing at...

South Korea has passed new laws requiring that everyone opening a cryptocurrency account use their true, legal names to do so.South Korea: The Center of Crypto Regulation?As time goes by, many cryptocurrency exchanges and businesses are seeking out ways to remain fully compliant with federal regulators. The problem is that to do this, they’re often required to invade the privacy of their customers to one extent or another, and this scenario is no exception.One of the issues at hand is that...

Kelly Loeffler – the CEO of Bakkt, the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – has been hired to take over a temporarily vacant Senate seat.Can Kelly Loeffler Push Crypto in Government?Many see this maneuver as a positive step and believe that perhaps crypto will now have a friend in the U.S. Congress. Bakkt was first announced in late 2018, but it took nearly a full year for the platform to get off the ground. After several months of...

The month of December has just started and already we’re off to a good start. Bitcoin – the world’s largest and most prominent cryptocurrency by market cap – has seemingly jumped in price by another $100, leaving many enthusiasts to wonder if perhaps the currency is about to enter another bull run.December Has Often Been Good to BitcoinOf course, to assume this means anything would be a mistake. Bitcoin can go up just as easily as it can go down. We all witnessed that over the past few...

At the time of writing, bitcoin has dropped to about $7,200 – a near $200 drop from just 24 hours ago.Bitcoin: A Minor Drop, Nothing MoreThe currency is continuing its present volatile run, and there’s no way to predict how or where it will end up. November is typically a crazy month for the cryptocurrency – at least it has been in the past – but as the Thanksgiving holiday comes to an end, perhaps we can all be a little thankful that while this month did bring about a few scares, things...