Cryptocurrency Analysis and News Portal
Whether or not the Federal Reserve eventually cuts interest rates to negative levels, it might be a case of heads: bitcoin wins, tails: bitcoin wins. So far this year, the Fed has created about $3 trillion of new money, an amount equivalent to more than 70% of the total assets created
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The two Ethereum transactions where senders paid millions of dollars in fees for transactions worth as little as $130 are widely believed to be blackmail. According to research from analytics company PeckShield, the hackers were reportedly blackmailing an unknown exchange by sending out transactions with exorbitant fees in order to
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Airline shares are rallying strongly, as early indicators are that they will fly close to 50% capacity this summer. That’s a steep rise from 20% back in April and May. The sector remains a mess, and bankruptcy is still a prospect for a segment only at half its
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[sociallocker id="55298"] Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year.According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.”Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel
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[sociallocker id="55298"] A new project has sprung up to take advantage of the tense situation in the United States and promote a new token.A massive wave of protests and riots continues to engulf the U.S. following George Floyd’s death at the hands of the Minneapolis Police Department.While an outpouring of
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[sociallocker id="55298"] Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements.A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of the country during 2019.
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[sociallocker id="55298"] Ethereum co-founder Vitalik Buterin says the current financial crisis is very different to the 2008 Global Financial Crisis that Bitcoin emerged from — and that the crypto community needs to adjust its thinking accordingly. Writing in a Twitter thread on June 2, Buterin said that some of Bitcoin’s most
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[sociallocker id="55298"] Andreessen Horowitz, or a16z, expects more Libra competitors to enter the space, seeing “an opportunity for a new financial network."As the venture firm’s general partner Katie Haun told Bloomberg in an interview published Monday, a16z expects money to become largely digital in 10 years, akin to music, books
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[sociallocker id="55298"] Canada’s Bitcoin- and crypto-focused company owners can now rejoice. The country has regulated all digital asset businesses as of June 1, 2020, after a five-year-long negotiation with local Bitcoin players. Good for Bitcoin Ecosystem As per an amendment made to its financial framework, all Bitcoin businesses in Canada are now
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[sociallocker id="55298"] Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada.June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in June 2019 to address holes in the then-existing framework.Candian crypto firms
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