Tag: Bitcoin

Peter Schiff: Bitcoin Is Not Money But Yes, It Can Rise

February 18, 2020 | By | Reply | 2 Readers More
Peter Schiff: Bitcoin Is Not Money But Yes, It Can Rise

Peter Schiff is a popular economist, financial broker, and a recognized author. He’s also a well-known nocoiner who has bashed Bitcoin for quite some time now. In one of his latest tweets, however, he conceded, saying that the cryptocurrency can, indeed, rise in value, despite failing to serve its purpose as money. Peter Schiff Concedes […]

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Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates

February 18, 2020 | By | Reply | 4 Readers More
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates

The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing […]

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Zcash (ZEC) Spikes 20% In A Day As Community Passes New Proposal On Mining Rewards

February 18, 2020 | By | Reply | 4 Readers More
Zcash (ZEC) Spikes 20% In A Day As Community Passes New Proposal On Mining Rewards

ZCash (ZEC) soars over 10% in a day following the new proposal agreement to allocate 80% of the rewards to miners. The privacy based coin currently trades at $65.20 USD, ranking 26th on Coinmarketcap rankings. ZCash (ZEC) spikes over 10% in a day as ZIP 1014 passes As the market retraces from the obscure buying […]

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Coinbase Allows Retail Players to Accept Dai As a Means of Payment

February 18, 2020 | By | Reply | 3 Readers More
Coinbase Allows Retail Players to Accept Dai As a Means of Payment

Coinbase is looking to make it easier for retail merchants to accept cryptocurrencies as means of payment. Coinbase and Dai Working to Bring Retail Change This week, the company announced that it had integrated Dai – a cryptocurrency released by Maker DAO – into its Coinbase Commerce retail merchants’ division, so that stores and similar […]

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Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods

February 18, 2020 | By | Reply | 4 Readers More
Max Keiser Predicts $400,000 BTC on Alex Jones Show, Jones Compares Bitcoin to ‘Power of Fire’ From the Gods

The moment many conspiracy-minded bitcoin enthusiasts have been waiting for arrived yesterday when Info Wars muckraker Alex Jones compared bitcoin to a “power of fire” gifted from the gods to humankind. The bold commentary took place in the context of a Max Keiser interview, in which the Keiser Report host declared a new $400,000 target […]

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This Signal Has Preceded Some of Bitcoin’s Largest Rallies, and It Just Flashed Again

February 18, 2020 | By | Reply | 8 Readers More
This Signal Has Preceded Some of Bitcoin’s Largest Rallies, and It Just Flashed Again

The past few days have been turbulent for Bitcoin (BTC), with the cryptocurrency plummeting from highs of $10,500 to lows of $9,500, which is the level at which it has been able to find notable support at. This support has led the cryptocurrency to enter a bout of sideways trading at just under $9,700, and […]

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Chinese Exchange FCoin Closes Down, Still Owes Users $125 Million

February 18, 2020 | By | Reply | 8 Readers More
Chinese Exchange FCoin Closes Down, Still Owes Users $125 Million

Zhang Jian, founder of Chinese crypto exchange Fcoin, revealed in a post earlier today that FCoin may not be able to pay the 7,000-13,000 BTC (that’s $67 million to $125 million) that it owes users.  According to Zhang, the exchange hasn’t been hacked and isn’t an exit scam. But evidence suggests it might be exactly […]

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DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’

February 17, 2020 | By | Reply | 8 Readers More
DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’

As the decentralized finance juggernaut rolls inexorably forward, the exploitation of defi project Bzx – in which $350K, or around 2% of total assets was taken – has called the decentralization of the industry into doubt. The attack forced an admin key reset to redeem lost funds and sparked a surge in defi insurance, with […]

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Ethereum (ETH) Bulls Falling Short, but will prices Drop to $200?

February 17, 2020 | By | Reply | 8 Readers More
Ethereum (ETH) Bulls Falling Short, but will prices Drop to $200?

Ethereum (ETH) is peaking and traders, it seems are quickly taking their profits. For perspective, and to quantify how fast longs are scrambling for the exits, the second most valuable asset is down 5% in the last trading day. Ethereum (ETH) bulls Falling Short Peaking over the weekend, $20 just shy of the important $300 […]

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Golden cross: Should BTC, Litecoin, XRP and other alts rely on it?

February 17, 2020 | By | Reply | 9 Readers More
Golden cross: Should BTC, Litecoin, XRP and other alts rely on it?

In stocks and cryptocurrencies, the golden cross represents the move of 50-day moving average above the 200-day moving average. Since the 200-day moving average is an important indicator that separates the bull from the bear cycle, the golden cross is used to do the same, but with relatively higher accuracy. It’s a known fact that […]

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