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Deutsche Bank: Fiat Money is Fragile, Crypto - Inevitable
6.12.2019
The forces that hold the fiat money system together look fragile and, over the next decade, some of these forces could begin to unravel and demand for alternative currencies, from gold to crypto, could take off, German banking giant Deutsche Bank said in its recent report Imagine 2030.
"While...
Almost 70 Crypto Funds Close This Year, Twice as Many Launch
6.12.2019
Dozens of crypto funds, almost 70, have closed this year, a mainstream media outlet reported. And while the startling number reveals the influx of institutional investors into the crypto space might not be happening at a fast pace, it’s also worth noting that crypto fund launches...
Tron and Poloniex Relationship Scrutinized After Digibyte Delisting
6.12.2019
The crypto firm Circle recently revealed that it was spinning off the trading platform Poloniex and has since warned customers to withdraw assets or they may be sent to state governments. Following the announcement, the founder of the crypto network Digibyte (DGB), Jared Tate, explained he...
The Politics of Destruction
6.12.2019
For some time now, I have been aware of a widespread fascination among many libertarians with Jim Bell’s “Assassination Politics” (AP). At my request, Robert Vroman has defended the merits of AP. In this article, I will argue that AP is just about the single worst idea that...
EU Won’t Let Stablecoins Enter Its Market Until Risks Are Addressed
5.12.2019
No global stablecoin project should begin operations in the EU until the associated risks are addressed, EU authorities say in a new adopted statement
Crypto Market Flips Green — But Is Bitcoin Ready to Retest $8,000?
5.12.2019
Bitcoin price is attempting a second go at $7.8K but bulls must first overcome strong resistance at $7,400-$7,650
ECB Nominee Blames Resistance to Negative Rates on Financial Illiteracy
5.12.2019
European Central Bank (ECB) executive board nominee and member of the German Council of Economic Experts, Isabel Schnabel, recently remarked at a European Parliament hearing that “This scapegoating [of the ECB] is extremely dangerous: it may damage the trust in the euro.” Schnabel...
Bitcoin Recovers from Below $7.2K After Schiff Says ‘Game Is Over’
5.12.2019
Crypto markets continue to trade sideways as Bitcoin slowly recovers from its intraday low of below $7,200
Crypto-Focused Lender Blockfi Launches Trading Platform
5.12.2019
Crypto financial services company Blockfi has launched a trading platform supporting three cryptocurrencies. The new offering adds to the company’s existing services: interest-bearing accounts and crypto-backed loans. Blockfi has completed registration with the U.S. Financial Crimes...
Almost $9 Billion of Bitcoin Moved On-Chain in 1 Hour: Record
5.12.2019
Almost $9 billion in BTC were moved on-chain in a single hour on Dec. 4, which constitutes an all-time high
Bitcoin Price Could Hit USD 5,000 Before Rallying – Tuur Demeester
5.12.2019
A popular economist said that Bitcoin (BTC) can go lower, meaning that we haven’t seen the bottom yet. However, that low is just a stop on a way to all-time highs, founder of Bitcoin alpha hedge fund Adamant Capital, Tuur Demeester, stressed.
“We are way above the bottom of USD 3,000 [and] I don’t...
Crypto Lender BlockFi Rolls Out Zero-Fee Trading for Bitcoin, Ether, GUSD
5.12.2019
BlockFi, the cryptocurrency lending service, is expanding into trading with an unusual, zero-fee model
RBI Governor Discusses Crypto and Central Bank Digital Currency
5.12.2019
The governor of the Reserve Bank of India (RBI), Shaktikanta Das, spoke about cryptocurrency during a press conference on Thursday. He also talked about the prospect of an RBI-issued digital currency, when the time will be right for issuing one, and his view on private digital currencies. Also...
Canada-Based Crypto Mining Firm Great North Data Files for Bankruptcy
5.12.2019
Crypto mining company Great North Data has reportedly submitted bankruptcy documents, listing millions in liabilities
Bitcoin’s Rejection at Key Price Hurdle Puts Short-Term Bull Trend at Risk
5.12.2019
Bitcoin sharp rejection at resistance around $7,800 has weakened the short-term bullish outlook
Canadian Government-Assisted Bitcoin Miner Files for Bankruptcy Owing Millions
5.12.2019
Great North Data, a firm that ran bitcoin mining and AI processing data centers in Canada, has filed for bankruptcy. According to bankruptcy filings late in November, the firm has just 4.6 million Canadian dollars (US$3.5 million) in assets, but owes creditors CA$13.2 million (US$10 million),...
Crypto Startups to Get up to $75,000 From the Government of Ukraine
5.12.2019
Ukrainian crypto companies can now receive up to $75,000 each in the form of government sponsored grants. A special fund set up by the authorities in Kiev is already accepting applications from startups in various high tech sectors including the blockchain industry. Over $1.5 million will...
Bitcoin and Altcoins Lack Important Signs For Reversal
5.12.2019
Yesterday, there was a sharp upward move in bitcoin price above the USD 7,350 and USD 7,400 resistance levels. BTC/USD even rallied above the USD 7,550 and USD 7,650 resistance levels. However, it turned out to be a fake rally and the price is now back below USD 7,400 (09:00 UTC).
Similarly, there...
Circle Warns Poloniex US Customer Assets May Be Sent to the Government
5.12.2019
As part of its release of the cryptocurrency exchange Poloniex, Circle may begin charging fees to Poloniex US customers. And the company warns that any unclaimed digital assets, those in dormant accounts, may be sent to state governments, consistent with relevant regulations for abandoned property....
Bitcoin Cash (BCH) Forwards Steps Towards Stability
5.12.2019
Bitcoin Cash has shown a stable outlook over the last 24 hours after the last day’s abrupt decline in the price. It has lost 1.61% over the last day, and the value has now fallen to 208 USD from 211 USD. The range of the three major price variations has been between 218 USD and …
The...