Try try try as hard as it might, China is facing an uphill battle in suppressing use of Bitcoin and other crypto by its citizens. In fact, there’s an odd way that their efforts could backfire and send crypto soaring further. Find out how here.
The International Monetary Fund (IMF) has released a new report which suggests that cash could be replaced by digital currencies, including e-money and stablecoins, observes Coindesk. The paper, aptly dubbed “The Rise of Digital Money“, reiterated the idea of various analysts who noted that banks may find themselves competing with tech companies who are making…
Once fiat currencies become shaky and the global economy sends off warning signals, it doesn’t take long for investors to flock to safe haven assets in order to preserve their wealth. And while the mainstream interpretation of safe haven assets has seemingly been set in stone, the roster appears to be primed for a new…
Bitcoin and other cryptocurrencies are often cited as some of the most volatile assets, and with good reason. Few assets can claim to have experienced a rise as sharp as that of 2017, a bearish run as severe as that of 2018, and as stellar of a rebound as the crypto market has seen in the last three months…
Bitcoin’s turnaround this year has raised even the most bearish of eyebrows. After a doom-calling 2018 that saw the top coin sink to a low of about $3,200 from a high of nearly $20,000, some saw the latter figure, from December 2017, as a one-and-done deal, or an unsustainable bubble. Over the past three months,…
After months of rumors and speculation, the social-media giant, Facebook, finally announced its own crypto coin, Libra. Details spread quickly, especially when it became apparent that Facebook and its CEO Mark Zuckerberg have far greater ambitions for the Libra than previously expected. Instead of merely acting as an in-app payments solution akin to the Apple…
In a recent series of articles, various Bitcoinist contributors examined the myriad of reasons why Bitcoin might be the most durable of all assets, despite having no physical foothold. Ever since Bitcoin’s boom towards the end of 2017, numerous governments have tried to impose bans on cryptocurrencies in various forms…
As traders and investors marvel at Bitcoin’s recent price recovery, one that saw the token rise by roughly 120% over the span of two months, news of blockchain’s ever-increasing adoption have somewhat fallen under the radar. Yet recent developments involving giants such as Microsoft, Amazon and JPMorgan show that…
Bitcoin’s spectacular recovery seemed to momentarily cap two weeks ago, when the cryptocurrency briefly touched the $8,000 level before dropping off to just above $7,000. Since then, the top crypto continued its surge and now appears to aim for the $9,000 level, having most recently clocked in at $8,785, the highest in a year. While…
In February, bitcoin finally broke the bearish trajectory that had many doubters forecasting doom for the crypto market. After more than a year of downward price movement, the top cryptocurrency jumped from around $3,500 at the start of February to over $5,000 by April. The price gain of nearly $2,000 within the span of two…
