Cryptocurrency Analysis and News Portal
The monetary revolution will be digitized … but for the vast majority of earthlings likely not anytime soon, according to central bank digital currency (CBDC) research published Wednesday by the Bank for International Settlements (BIS).To get there, though, 86% of the central banks surveyed in BIS’ third annual CBDC questionnaire
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Central bank digital currencies, or CBDCs, are entering the “advanced stages” of engagement as nations around the world look to capitalize on blockchain technology, according to a new report by the Bank for International Settlements.In its latest survey of CBDC development, the BIS shows that central banks representing roughly a
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Ethereum only just broke its former all-time high, while Bitcoin left took that record back in 2020. However, an investment in the top-ranked altcoin at any point since the 2018 bottom, has resulted in a much higher higher ROI than an equal part USD investment in BTC. Why does this incredible
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The owner and manager of cryptocurrency exchange RG Coins has been handed a lengthy prison term for his involvement in a multi-million dollar scheme to defraud U.S. citizens.According to a Tuesday press release from the Department of Justice, U.S. District Court Judge Robert Weir sentenced Rossen Iossifov to a 10-year
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Gemcoin founder Steve Chen was sentenced Monday to 10 years in federal prison for defrauding tens of thousands of investors in one of the largest early cryptocurrency investment schemes.Chen, 63, admitted last February to running U.S. Fine Investment Arts (USFIA) and peddling $147 million in “gem coins” (crypto purportedly backed
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Although Bitcoin is currently used as a hedge unit in most portfolios, Palihapitiya thinks it will transit to something much more important in the near future.Renown Bitcoin maximalist and billionaire venture capitalist Chamath Palihapitiya said during a recent interview that Bitcoin could hit $200k in five years if the current
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The price of bitcoin (BTC) crossed $30,000 for the first time ever on the second morning (NY Time) of the new year after setting an all-time high the day before, all in all starting 2021 in notable fashion following a remarkable year by the leading cryptocurrency. Source
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It’s safe to say that 2020 has been a banner year for the digital-asset space. Bitcoin (BTC) soared past its previous high, and many other prominent cryptocurrencies reached their highest levels since the heyday of 2017 and early 2018. Across the financial services industry, institutional voices are expressing reinvigorated interest
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"I would expect to see bitcoin charge past $30,000 as we enter the new year,” said one market observer. Source
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Bitcoin has been declared dead or dying roughly 390 times since 2010. But this year it’s dying much less frequently. In 2020, bitcoin has been reported dead or dying only 11 times, per a list of these faux obituaries maintained by a Singapore-based website called 99 Bitcoins. Bitcoin’s yearly “obituary” count hasn’t
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