TOP 10 BITCOIN-FRIENDLY COUNTRIES
A cryptocurrency is just one of the many ways you can make a transaction in a marketplace, and the ability to carry out the payment depends on the acceptance of such a system and many factors including, but no limited to Internet access and societies recognition of digital payment options compared to physical fiat currencies. To break it down into simple terms, Bitcoin’s (BTC) decentralised network allows users to transact directly, peer to peer, without the need for a middleman to manage the exchange of the funds. By allowing this and having this option available is increases system efficiency and …
THOMAS LEE – “IT’S HEALTHY TO SEE BITCOIN PULLBACK”
In July alone, the price of Bitcoin (BTC) has dropped below the $10,000 mark twice now, however, Bitcoin enthusiasts and critics have been responding strongly, with Fundstrat co-founder, Thomas Lee, tweeting that the current Bitcoin pullback is healthy. “Its healthy to see Bitcoin pullback here. As for the search traffic for Bitcoin being low, I also think that is a good sign. It means the rise of Bitcoin has not been accompanied by massive hype.” Stacked up against June this year, the search results, according to Google Trends, has dropped in the United States by 45 percent. However, as mentioned …
CRYPTO MINING GIANT, BITMAIN, LAUNCHING IN THE US
In the latest company development by Bitmain Technologies Ltd, a crypto mining giant will soon be relaunching its Initial Public Offering (IPO) plans in the United States (US). Bloomberg reported that “People with knowledge on the matter” have stated Bitmain is currently in consultations with advisors to launch in the US within the second half of 2019. According to sources, they will lodge all relevant documents needed with the US Securities and Exchange Commission in July 2019. It isn’t yet finalised the amount that Bitmain wants to pursue through fundraising however, it has been suggested that they are hoping to …
US FINANCIAL SERVICES COMMITTEE REQUESTS HALT ON FACEBOOK’S CRYPTOCURRENCY
In the latest development of Facebook’s cryptocurrency, Libra, the United States House of Representatives’ Financial Services Committee Chairwomen, Maxine Waters, has requested that Facebook put a halt to the development of its cryptocurrency. Waters, in a statement provided, explained, “Given the company’s troubled past, I am requesting that Facebook agree to a moratorium on any movement on developing a cryptocurrency until Congress and regulators have the opportunity to examine these issues and take action.” What has bought this decision to light by the Financial Services Committee is unclear for now. However, we do expect further information to come to light …
MCAFEE FREEDOM COIN – SET TO LAUNCH FALL 2019
Globally renowned crypto enthusiast, Bitcoin (BTC) bull and founder and CEO of well-known antivirus software technology, John McAffee has announced that he is set to release his very own independent cryptocurrency, named ‘McAfee Freedom Coin’. According to his website, the coin will be launched in the fall of 2019 in the hope it will reach “the Holy Grail of cryptocurrency – economic freedom.” McAfee has described this new cryptocurrency in a recent post, “What is needed is a coin disconnected from fiat currencies and from other Cryptocurrencies alike – a coin with zero cash-in value, yet accepted universally. It is …
US & JAPAN TOP 2 GLOBAL CRYPTO CONTRIBUTORS
According to the latest research undertaken on May 31st by The Block, the United States and Japan are the top two countries contributing traffic to cryptocurrency exchanges. The study showed that 24.5 percent of all exchange traffic originates in the United States, with Japan coming in second place at 10 percent of the total traffic. South Korea followed closely behind in third place, accounting for 6.5 percent of exchange web users. It was also concluded in the study that China, whose population has a very strong interest in investing and trading in Cryptocurrencies could have skewed the results. This being …
IVY LEAGUE UNIVERSITY INTRODUCES BLOCKCHAIN AND CRYPTOCURRENCY COURSES
Leading Ivy League University in the US, Wharton School of the University of Pennsylvania has introduced its latest online program on financial technologies, including digital currencies. The new program, called Fintech; Foundations and Applications of Financial Technologies allows its studiers access to lectures and case studies based around payments, cryptocurrency, Blockchain technology and crowd funding, with many more areas to be included. Students will also be presented with the opportunity to guest speakers from leading industry financial companies, including but not limited to payment processor Square, marketplace lender CommonBond and investment advisory form Vanguard. Wharton may be the first US …
US DOLLAR VALUE DOWN 99.99% AGAINST BITCOIN
In the past eight years, since 2011, the price of the world’s largest cryptocurrency, Bitcoin (BTC) has increased in value by almost 170,000 percent, as a direct result of this the United States Dollar has lost 99.99 percent of its value when shaped up against the digital currency. This has been seen before in history. Take for example the German Papiermark and the Goldmark during World War 1 and the 1920’s hyperinflation. At the beginning of 1918, one Papiermark was roughly equal to one Goldmark. However, by the year 1923, one Goldmark was worth one trillion Papiermarks. We are now …
STOCKS DOWN YET BITCOIN SKYROCKETS AMIDST US-CHINA TRADE WAR
May has started off on an extraordinary run for Bitcoin (BTC); we have seen the price of the cryptocurrency skyrocket to above $8,100 USD. On Friday 10th May 2019, President Trump’s administration team raised tariffs on $200 billion worth of annual Chinese imports from 10 to 25 per cent. Trump has also announced that he is ready to impose 25 per cent on yet another $300 billion worth of Chinese goods. As a direct result of this, the Dow Jones Industrial Average (DJI) has dropped more than 590 points, with Apple down 5 per cent on the day of the …
U.S – MOVE YOUR MONEY FROM THE BANK INTO BITCOIN
Abra, a non-custodial Bitcoin-backed global investment app has just released their latest service, allowing its users to easily move money to and from their bank into crypto. The app, which is available to Americans only at this stage, supports thousands of U.S banks and credit unions, allowing users to move their money into crypto more easily. Bill Barhydt, CEO of Abra stated in a media release, “The addition of these new liquidity enhancements in or app gives users more ways to move between crypto and fiat. Were particularly excited about our partnership with Plaid, which brings thousands of additional financial …
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