Cryptocurrency Analysis and News Portal
Long-time cryptocurrency critic and Nobel Prize-winning economist Paul Krugman said in a string of tweets on Wednesday that Bitcoin (BTC) could very well survive indefinitely, but only as a fundamentally useless cult. Krugman’s harsh words were prompted in response to Wednesday’s market plunge which saw numerous coins lose close to
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Three stories1. Tesla invested $1.5 billion of its cash reserves in bitcoin, according to a U.S. Securities and Exchange Commission annual report. The popular auto manufacturer said bitcoin offers “more flexibility to further diversify and maximize returns on our cash.” The company had more than $19 billion in cash and
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The United States Treasury Department may have accidentally widened the window of opportunity for anyone wishing to submit comments regarding the Financial Crimes Enforcement Network's new crypto rules.Last month, the Financial Crimes Enforcement Network, or FinCEN, proposed rules that would require registered crypto exchanges to verify the identity of people
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Charlie Scharf has apologized for insensitive diversity comments made earlier this summer.His handling of the issue speaks to his willingness to tackle problems head-on.That he made the comments at all shows he isn’t covering up potential problems at the bank.Wells Fargo CEO Charlie Scharf has been in the spotlight for
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With Bitcoin trading sideways for so long and volatility dropping to such uncharacteristic lows, crypto analysts are watching the Bollinger Bands closely. Even the tools creator has since spoken out about the current price action in BTCUSD. In the past, when he speaks, a major move often follows. Is it once
Read MoreEconomist, financial commentator and gold advocate Peter Schiff once again bashed Bitcoin in a tweet, essentially calling it fiat currency — the name for regional currencies, such as the U.S. dollar. "The Fed gets Bitcoin right," Schiff said in a June 20 tweet, adding:"It categorizes it with fiat, in contrast to
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Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong. Bitcoin (BTC) was changing hands around $9,400 as of 20:00 UTC (4 p.m. ET), slipping
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Bitcoin treaded water in the high $9,000 range Monday as stocks rallied and traders wondered when the cryptocurrency would break the five-digit barrier again.Stocks, meanwhile, got a boost a day after Federal Reserve Chair Jerome Powell talked about continued stimulus efforts for the U.S. economy during a television interview Sunday.At
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In the never-ending search for signals to give traders an edge, could bullish comments on Reddit serve as a momentum indicator for bitcoin? That’s what a recent graphic by startup ChartStar suggests. The data visualization company graphed comment data over the past several weeks for the term “bullish” from several popular
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Libra’s proposed 2020 launch date has been thrown into doubt after Facebook CEO Mark Zuckerberg refused to put a definitive timeframe on the project. Contradicting Reports on Libra Launch Speaking to Nikkei, Zuckerberg was asked about the expected launch date of Libra, to which he replied: “Obviously we want to move forward at
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