Tag Archives: Opinion

Is Ripple decentralized or not? One expert weighs in. | Image: Shutterstock Ripple fans adamantly preach that the cryptocurrency runs on a decentralized network. A quick search of the term “Ripple Decentralized” on Twitter reveals hordes of accounts claiming that “The Standard” is decentralized in nature. Many are even ganging up in an attempt to prove their point....

PayPal's days of high-commission and conversion fees won't go on for long. | Source: BigTunaOnline/Shutterstock Facebook set the cat among the pigeons earlier this year when it revealed its cryptocurrency project – Libra. CEO Mark Zuckerberg scared the living daylights out of governments and private corporations alike with his ambitious project that aims to make...

Well, it looks like Tom Lee is back in the news, and when you really think about it, why shouldn’t he be? The year is almost over – we only have about 3.5 months to go before 2020 rings in – and bitcoin has ultimately underperformed and come up short regarding bitcoin bulls’ expectations. Lee, naturally, is claiming that BTC is about to enter a rally. So, is he right or wrong?Lee: Another Price Bump Is ComingIn an interview with CNBC, Lee comments that the S&P is likely to shoot up by...

The next bitcoin bull market is only getting started, analyst claims. | Source: Shutterstock Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. Trade Tosser Tweet | Source: TwitterWhile a quick short might be profitable now, one trader believes that the rally from $3,000 to almost...

Leading fin-tech entrepreneur thinks China's state-backed cryptocurrency could spearhead global adoption of the yuan as a reserve asset. | Image: Shutterstock Circle CEO Jeremy Allaire believes that China's developing "cryptocurrency" could propel the yuan to worldwide renown as a global reserve currency. Jeremy Allaire on the potential of China's nascent CBDC. |...

Many traders have turned bearish on Ethereum way too soon, according to a leading technical strategist. | Source: Shutterstock Ethereum (ETH/USD) has gone through a corrective period over the last two months. Since posting a 2019 high of $363.30 on June 26th, the cryptocurrency lost more than 50% of its value. The sentiment has become so bearish that some traders...

Ethereum continues to languish against bitcoin. Here's what it needs to break the downward spiral. | Source: ShutterstockTo say that Ethereum is weakening against the king of cryptocurrencies would be a huge understatement. The ETH/BTC pair is down by nearly 50% year-to-date as it languishes in bear territory for 17 months and counting. The sentiment is so overwhelmingly bearish that some traders are happy to short the crypto pair.$ETH / $BTC 4Hethbtc short setup pic.twitter.com/2vH5M25M3W—...

Source: ShutterstockBitcoin developer Jimmy Song says the world does not need a bitcoin ETF. Moreover, the crypto entrepreneur says he doesn’t care about the mainstream media’s negative stereotypes of bitcoin, saying they’re irrelevant.Song made the remarks during a Sept. 10 interview with BlockTV. When asked about the recent media hype surrounding the SEC’s potential approval of a bitcoin ETF, Song says it really doesn’t matter.Song: Bitcoin ETF is not a gamer-changerWhile a bitcoin ETF...

So much for bitcoin’s sudden rise to $10,800 last week. The coin was doing so well following a low period of trading in the $9,000 range and now things have returned to “normal” somewhat. While the currency isn’t in the $9,000 range again or lower, it is trading at around $10,180. This is significantly less than where it was, and bitcoin has once again let down all who were expecting a sudden bull run in the coming days.Bitcoin Is Falling Once AgainIt’s getting annoying to see bitcoin fall so...

Senegalese-American Akon offers his take on bitcoin during a radio show. | Source: REUTERS/Thomas MukoyaSinger Akon has rubbished the common perception that cryptocurrencies such as Bitcoin are too volatile. Per the U.S. musician, crypto enjoys more stability relative to fiat currencies.Speaking in a radio interview on the Breakfast Club, Akon defended the volatility that Bitcoin skeptics regularly cite for their negative attitude towards crypto saying that “Believe it or not the...