The People’s Bank of China (PBoC) has officially confirmed the pilot of its central bank digital currency (CBDC). Rolled out across four cities so far, its broader aim is to ready the digital Yuan for use in the 2022 Winter Olympics, held in Beijing. Tests to improve the functionality of Read more…
Bitcoin was in for a surprise plunge this Monday as investors assessed the situation in a worrisome oil market. The benchmark cryptocurrency fell by 4.30 percent to circa $6,748 per token shortly after the US oil futures price slipped into negative territory for the first time. The two assets remain non-correlated, but Read more…
Bitcoin is at present within the midst of a bullish market motion, as it’s breaking by means of the $7,200 stage. On the identical time, a crypto analyst who appropriately predicted Bitcoin’s downtrend throughout 2019 is now turning bullish. Particularly, he suggests Bitcoin is prepared for a “increase and bust Read more…
In another blow to Facebook’s Libra currency, Representative Sylvia Garcia (D-TX) published a statement in which she rejected the potential for a status change on the Libra coin project. The rejection follows the submission of an updated Whitepaper by Libra developers. The news showcases the distrust many lawmakers still have towards major Read more…
Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for money laundering, computer hacking, and conspiracy to traffic narcotics. Mike Novogratz disagrees. Read more…
As May approaches and Bitcoin’s next halving draws near, hodlers, traders, and investors are all keen to know how this quadrennial event will affect the price of the world’s foremost cryptocurrency. To delve further into the halving, we talked to traders Michaël van de Poppe and Scott Melker (aka The Read more…
When it comes to mining for cryptocurrency, it generally involves the use of computers powered by powerful GPUs which can automate the mining process and run 24/7. However, it seems that Microsoft has invented a new potential way of mining cryptocurrency that could potentially raise some eyebrows due to how Read more…
FTX derivatives trade launched early 2019 with greater than $400 million price of day by day buying and selling quantity, has just lately introduced plans for a brand new product: the BVOL tokens, which shall be obtainable to non-U.S. customers. The brand new tokens are ERC20-based tokens that try to Read more…
Peter Brandt has shared his latest take on the Bitcoin (BTC) price, predicting that it has a 50 percent chance of shooting up to as high as $50,000. I feel Crypto is always better than gold. #Bitcoin is up over 75% since it bottom on March 12. Many #Altcoins also have Read more…
Billionaires Mark Cuban and Tyler Winklevoss debate about Bitcoin’s complexity in comparison to basketball. Despite being over a decade old, Bitcoin (BTC) is still not particularly easy to understand. Even major BTC bulls like Tim Draper have admitted that Bitcoin still lacks ease of use for mainstream adoption. In the same vein, two key Read more…