Players in the financial and technology sector have different opinions about bitcoin. For skeptics, the cryptocurrency is reminiscent of Holland’s notorious Tulip bubble of 1637. They generated a wild, speculative mania and disappeared, leaving behind pretty flowers and wrecked investors. Meanwhile, for supporters, bitcoin is the internet: a symbol of decentralization that reached its full…
DuckDuckGo, a privacy-focused online search platform, recently conducted a study to find out the opinion of the general public about the importance of data privacy. Results showed that nearly 80 percent of the 1,114 US respondents took measures to regulate privacy on social media over the past year. One-quarter of them went as far as…
Bitcoin and altcoins appear as the solution to the ongoing geopolitical tensions between Hong Kong and China. The demand for decentralized currency is growing day by day in these countries, proving how fragile cash has become for common folks. Hong Kong Banking System Is Paralyzed Videos posted on the internet paint a sharp picture of…
Ripple’s XRP led intraday gains on Monday after rising 10 percent on a 24-hour adjusted timeframe, according to data provided by CoinStats’ cryptocurrency portfolio management app. The third-largest cryptocurrency by market capitalization outperformed the benchmark Bitcoin, as well as the rest of the top altcoins. Bitcoin, in particular, trended in positive territory but its gains…
Researchers have found a strong correlation between benchmark cryptocurrency bitcoin and its spin-off stablecoin Tether, according to a Bloomberg report. Blockchain data forensic firm TokenAnalyst found that Tether’s issuance of fresh dollar-pegged tokens coincided strongly with the bitcoin price rally. On a day, the asset rose by as much as 70 percent right after Tether…
Bithumb Global announced it would work with the Indian Government to launch a regulated Bitcoin exchange. It also showed interests in promoting the cryptocurrency trade among the uninformed Indian investors. Bithumb co-founder and managing director, Javier Sim, announced the company’s further initiatives in the Indian commercial space. The statement implied partnerships with native Indian cryptocurrency…
The newly formed Crypto Rating Council is already facing criticism for its role in categorizing cryptocurrencies. Tyler Gellasch, executive director at Healthy Markets, observed that some members of the council might have stakes in the cryptocurrencies under evaluation. That could unduly influence their assessment of the asset in concern. “A group of private companies jointly…
It has been more than a week since the high-profile launch, but Bakkt’s trading volume remains underwhelming with only 16 BTC as of this time of writing. Meanwhile, the spot rate of bitcoin has plunged massively, rising fears that Bakkt hype has not done well to the crypturrency. Bakkt An Underperforming Horse? Against all the…
Venezuelan President Nicolas Maduro openly declared how he plans to circumvent the economic sanctions imposed on them by the US government. Cryptocurrencies, stated Maduro, would back Venezuela’s modern financial system. They would reduce the country’s dependencies on US-backed banking institutions – and, in the process, would integrate a blockchain protocol to do the same job…
John McAfee, a world-renowned cybersecurity expert, reiterated his prediction that the bitcoin price would reach the $1 million level by the year 2020. This time, interviewed by Forbes, McAfee tried to explain the logic of his prediction, saying that out of the total supply of bitcoin, which is 21 million, seven million are lost forever….
