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Surprise! State-Owned Bank Says Bitcoin Price Is Too Low
2.10.2019
Source: iStock/hocus-focus
A German bank believes that bitcoin prices are in for a major boost next year, and says current prices do not take into account the token’s forthcoming mining reward halving – expected to take place in May 2020. The bank estimates that BTC might hit USD 90,000, while...
5 Educational Resources That Will Level up Your Cryptocurrency Knowledge
2.10.2019
Crypto is a constant learning curve. Keeping pace with developments in bitcoin, blockchain, and the ever-evolving cryptocurrency ecosystem feels like a full-time job, and that’s just for experienced heads. For novices, it’s tough enough working out where to even start. While crypto...
How G20 Central Bank Digital Currencies Are Progressing
2.10.2019
Central bank digital currency has become a hot topic among finance ministers and central bankers worldwide, with some G20 countries ahead of the rest on work done toward issuing their own digital currencies. Experts have weighed in on their expectations of when the first G20 digital currency will...
Shots Fired as Nancy Pelosi Challenger Bacelar Funds Campaign With Crypto
2.10.2019
27-year-old Agatha Bacelar is a Brazilian-American immigrant from a STEM background, and she’s targeting Speaker of the House Nancy Pelosi’s seat in the California Congress (CA-12) in the next election cycle. Her campaign is seeking to raise $1 million in crypto (BTC, BCH, ETH, LTC...
SEC Imposes Multimillion Dollar Fine for Unregistered EOS Token Sale
1.10.2019
The United States securities regulator has announced hefty fines for two crypto companies. The penalties have been imposed for EOS’ unregistered token sale and a fraudulent public offering. The Securities and Exchange Commission (SEC) intends to use some of the collected money to indemnify...
Market Outlook: A Few Cryptocurrencies Rebound While Fear Grips Central Banks
1.10.2019
In the last 48 hours, digital currency markets have rebounded after some bearish price dips last week. After losing $35 billion in a short period of time, most crypto markets have been gradually healing and the overall market valuation of the cryptoconomy has clawed back at least 50-60% of...
Video Shows $10M Chinese Bitcoin Mining Farm in Flames
1.10.2019
During the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs were destroyed. Also Read: Central Banks in Panic...
Blame These Traders for Bitcoin Price Crash
1.10.2019
Recent bitcoin selling pressure actually originated from short-term traders that got bitcoin at prices between USD 10,000 and USD 12,000, claims crypto market analysis firm Coin Metrics.
By analyzing the composition of their realized capitalization measure, introduced as a reportedly more precise...
New Bitcoin Payment Solution to Emerge in Germany After BitPay's Exit
1.10.2019
A new cryptocurrency payment solution is in the works in Germany after major crypto payment processor BitPay left this market earlier this year.
Salamantex, an Austrian payment service provider, and TEN31, a fintech arm of German bank WEG Bank, agreed to cooperate and now aim to start accepting...
Bitcoin Price Rebounds to USD 8.5K, Altcoins Start Corrective Increase
1.10.2019
After a downside extension below USD 8,000 and USD 7,800, bitcoin price found support above USD 7,600. As a result, BTC/USD started an upside correction above the USD 8,000 and USD 8,250 resistance levels. The price gained nearly 8% and tested the USD 8,500 resistance area. Similarly, there was...
Bank of Japan Eyes Lower Rates for Halloween as Negative Global Trend Continues
1.10.2019
In a recent rate review meeting of the Bank of Japan (BoJ), bank governor Haruhiko Kuroda and others on the nine-member board urged leaving all options on the table, where further cuts to the country’s negative interest rate are concerned. The talk of further stimulus reflects an ever-growing...
Venezuela Considers Moving its Bitcoin and Ethereum Stash
1.10.2019
Venezuelan president Nicolás Maduro says his country is working on an international and domestic payments system that will make use of cryptocurrencies.
The troubled Latin American state has seen trade screech to a halt as United States sanctions continue to bite. International borrowing is up,...
This AI Platform Identifies Privacy Threats in Social Networks and Messengers
1.10.2019
Preserving your online privacy has become almost a lost cause these days. Thankfully, some entrepreneurial minds have taken it upon themselves to help web users stay informed of privacy risks and take action to thwart attempts to access their personal data. Guard is a platform which is doing...
Financial Giant Fidelity Backs Bitcoin Derivatives Yield Fund
1.10.2019
The Los Angeles-based Wave Financial has announced the launch of a bitcoin derivatives-based yield fund and Fidelity will provide custody for the fund’s BTC reserves. Wave Financial’s crypto fund commencement is part of a growing trend toward launching BTC derivatives products....
Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money Discussed
30.9.2019
Central banks worldwide continue to inject more stimulus into the economy as they predict the onset of a new financial crisis. In the face of a sluggish economy, monetary easing, negative interest rates, and ‘normalizing’ the balance sheet is the name of the game these days. Now central...
Bittrex, Coinbase and Kraken Set up Crypto Rating Council
30.9.2019
The heavy hand of regulators has been stifling the growth of the cryptocurrency industry in the U.S. and caused innovators to flock abroad. In a bid to mitigate one aspect of this problem, major players have now created a joint system for rating what constitutes a security token. Also Read:...
Bitcoin Price: Cryptoverse is Trying to Guess the Next Move
30.9.2019
Cryptocurrency market and its swift and abrupt changes have given people a lot of headache, but also a lot to think about in the last week alone. People’s opinions on the near and far future of digital assets varies, but bulls seem hard at work. Nonetheless, analysts also urge traders to consider...
Darknet Markets Are Thriving Despite the Mysterious Death of Dread
30.9.2019
Obtaining reliable information about darknet markets (DNMs) is a constant struggle, given the propensity of news sites and forums to come and go. No sooner has one portal gained ascendancy than it’s been toppled by law enforcement or exited under mysterious circumstances. The recent...
Massive Layoffs: Banks Cutting Nearly 60,000 Jobs Worldwide
30.9.2019
Banks are laying off workers across the globe as revenue declines throughout the sector. According to reports, banks have announced nearly 60,000 job cuts so far this year, with most of the layoffs happening in Europe, especially in Germany. Also read: Panic at 137 Bank Branches as RBI Limits...
IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft
30.9.2019
The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing...