Silk Road founder Ross Ulbricht has published his long-term Bitcoin (BTC) price analysis, in which he states that Bitcoin could potentially climb to $333 mln (yes, that’s with an “m”). In such a case, the market cap of the world’s first cryptocurrency could reach $7 quadrillion, which is ten times higher than the GDP Read more…
Bitcoin has done extremely well over the past 24 hours. After falling as low as $6,800 on Wednesday, the cryptocurrency mounted a strong comeback on Thursday morning, rallying from $7,050 to $7,800 in an explosive fashion to mark an over 10% gain. (As a note: some of that rally has since been Read more…
Ethereum price surges towards $200 again after bouncing off support at $170. ETH/USD is looking forward to a technical breakout at the 50% Fibonacci level as $200 continues to beckon. Ethereum price recently displayed a show of strength, resilience, and the ability to shake off the selling pressure by breaking Read more…
Binance Research dove into Libra’s most recent whitepaper, surfacing with a lenghty report, in part claiming Facebook’s proposed asset could significantly alter the payments world. “Libra’s envisioned global payment system could do to the payment industry what SpaceX did to the space industry: shake the foundations of a well-established sector Read more…
The stock market seems to be playing out exactly as we predicted. The S&P 500 (SPX) seems all set to test the 61.8% fib retracement level once again. This would lead to similar near-term bullishness in the cryptocurrency market. We expect BTC/USD to climb past $8k to test $8.4k-$9k before the next Read more…
In the time following Bitcoin’s intense decline below $7,000 yesterday, the benchmark cryptocurrency has since been able to stabilize above its near-term support at $6,800. It now appears that all of this recent trading simple marks BTC being firmly rangebound, as the cryptocurrency has been establishing a relatively tight trading Read more…
The price of oil flipped negative for the first time in history. This is a testament to the fact that these are extraordinary times. The reaction that we are currently seeing on the stock market and in the cryptocurrency, market is primarily fueled by preemptive measure to stop the spread Read more…
Over a third of people say that the main use for digital currencies such as Bitcoin is for online payments and purchases, according to a recent survey. The survey by the Economist Intelligence Unit and digital payments platform Crypto.com found that 34% of the 3,000 respondents believed digital currencies are primarily for online payments Read more…
The Inland Revenue Authority of Singapore’s (IRAS) e-tax guide fills in the tax gaps for so-called “digital tokens,” a catch-all for three crypto types: payment tokens, used to by goods and services; utility tokens, which represent a right to goods and services; and security tokens, or digital securities. Each has a new Read more…
Blockchain developer IOV Labs said Tuesday it had created a proof-of-concept, for a permissioned blockchain network, based on RSK Smart Contract Network, in conjunction with the central bank and major commercial banks in Argentina including Santander and BBVA. The solution is aimed speed up fiat payments, make them more reliable and Read more…