A fund manager associated with Pennsylvania-based investment management firm Valley Forge has questioned the safe-haven status of both Gold and its digital rival Bitcoin. Dev Kantesaria said in an interview with Business Insider that both the assets are no less than collectibles. “You are actually not buying any protection, you’re simply speculating,” the analyst noted….
The big secret at the core of Bitcoin is the identity of its creator, the pseudonym known as Satoshi Nakamoto. There have been many who claimed they created the benchmark cryptocurrency protocol – and failed. The most popular claim is from an Australian cryptographer Craig Wright – who literally sues anybody who questions him. However,…
Bitcoin is no longer behaving as a safe-haven asset for investors looking for refuge from shrinking stock markets. The benchmark cryptocurrency dropped by more than 15 percent this week. It established a weekly low of $9,577 on Thursday, according to data fetched by CoinStats’ cryptocurrency portfolio management app. While there was a minor jump as…
Bitcoin traded lower on Wednesday as the US delayed its plans to introduce fresh tariffs on some Chinese goods, registering yet another instance wherein the cryptocurrency shows correlation with macroeconomic events. The bitcoin-to-dollar exchange rate established an intraday low of $10,574.08, according to data fetched by CoinStats’ cryptocurrency portfolio management app. That brought the pair’s…
Companies based in New Zealand can now pay salaries in cryptocurrencies like bitcoin, according to a new ruling. The New Zealand Inland Revenue announced on August 7 that companies which choose to pay their employee in cryptocurrencies can file for tax deduction under the existing scheme. The move verified bitcoin as a legal wager-payment method,…
Pro-Brexit UK prime minister Boris Johnson today instructed the civil service to make arrangements for divorcing the EU without a deal on October 31. “I would very much prefer to leave with a deal — one that must abolish the anti-democratic Irish backstop, which has unacceptable consequences for our country. But I recognise this may…
Blockchain projects that raised capital via the distribution of digitized private securities yielded 87 percent losses, according to the Block Crypto. The cryptocurrency news and research service found that the so-called initial coin offering projects, or ICOs, raised at least $14 billion to $65 billion between August 2014 and December 2018. But 90.2 percent of…
The bitcoin price is looking to close Tuesday in a negative territory after posting seven consecutive bullish sessions. The bitcoin-to-dollar exchange rate today established an intraday high of $12,253.66, according to data fetched by CoinStats’ cryptocurrency portfolio management app. Nevertheless, the pair couldn’t sustain those gains for a longer time. In less than three hours…
CoinStats Insights, an analytical tool integrated within the CoinStats cryptocurrency portfolio management app, was correct in predicting today’s bitcoin pump. One of the tool’s features, which catalogues a cryptocurrency’s buying and selling sentiment, noted a spike in buyer’s interest in the bitcoin market at around 08:00 UTC. At close to 59 percent, the bullish bias…
A daily poll conducted by CoinStats shows extremely bullish results for bitcoin. The cryptocurrency portfolio management app, which has close to a million users across the globe, found that 53.74 percent of its active users want to buy bitcoin. At the same time, merely 19.93 percent of those users want to sell their bitcoins, and…
