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How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise


Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling...

Bitcoin Price Crashes, Altcoins Turn Red


Source: istock/Photographer, Filmmaker, Designer In a sudden move on Wednesday afternoon (UTC time), bitcoin price dropped by 5% in one hour, reaching the level last seen in May 2019, while almost all top 100 coins also turned red. At pixel time (13:14 UTC), bitcoin trades at c. USD 7,612 and...

Bitcoin Price Struggles at $8,010 Amidst the Bearish Trend


Bitcoin price marks loss with the intraday movement The price seems to be paralyzed around $8,010 Bitcoin (BTC) is seen badly affected by recent volatility. The fluctuation has already created chaos and looks like BTC price is slipping down. The price of the coin was $8,299 on October 01, 2019....

Malaysia Regulator Approves International Crypto Exchange Luno


The strict financial regulator in Malaysia is trying to help the local fintech industry scale up and attract new investors. As part of that trend the Malaysia Securities Commission is recognizing the right of cryptocurrency exchanges such as Luno to serve local customers. Also Read: Credit Suisse...

Bitcoin and Altcoins Resume Downtrend Below Key Supports


Earlier this week, bitcoin price started an upside correction and climbed above the USD 8,200 resistance. However, BTC/USD struggled to continue higher above USD 8,250 and USD 8,300. As a result, there was a sharp decline in the past two sessions and the price traded below the USD 8,000 support....

Bank Crisis Spreads in India – Deaths, Strike, Supreme Court Denial


The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what...

Bitcoin Cash Loses 2.45% to Touch $226, Resistance Awaits at $230


Bitcoin Cash has lost 2.45% in the last 24 hours The next resistance for BCH awaits at 230 USD Bitcoin Cash (BCH) has been down by 2.45% over the last 24 hours and the value against USD has now touched the bottom at 226 USD. It has shown three major price swings that clearly denote … The post...

Bitmain Aims to Build a 300MW Texas Mining Farm


The Beijing-based Bitmain Technologies and DMG Blockchain Solutions announced the launch of a 25MW mining facility in Rockdale, Texas. The new mine aims to bolster Bitmain’s international expansion which will soon expand to 50MW of processing power and then extend the operation’s...

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