At a China Finance 40 Group meeting, an important official of the PBoC claimed that China is prepared to launch its sovereign crypto asset. This surprise announcement comes, of course, amid a currency war and raging trade spat between the U.S. China Crypto On Its Way Speaking to bankers at...
Bitcoin faced a sudden influx of volatility yesterday evening as it neared both its daily and weekly candle close, which ultimately resulted in it posting the highest weekly close of 2019, which was quickly followed by a slight pullback. Importantly, Bitcoin is also currently forming a similar fractal pattern to...
Popular privacy cryptocurrency Zcash has been facing incredibly bearish price action as of late, which has been perpetuated by recent news regarding Coinbase U.K. dropping support for it. Although this news did lead to a relatively minimal sell-off, it is highly probable that it is the result of incoming regulations...
Altcoins Continue to Hemorrhage Altcoins haven’t been doing all too well. As established by this outlet on a number of occasions, Bitcoin dominance, the statistic used to measure how much of the crypto market’s valuation is comprised of BTC, has recently hit a two-year high, reaching 68.8% on CoinMarketCap. What’s...
Despite Bitcoin’s recent bull run over the past few days, altcoins are indeed suffering as investors flee prominent cryptos to purchase BTC. In particular, Ethereum has been hit hard, with its price falling to just under $210 USD at the time of writing. Against Bitcoin, ETH is currently sitting at...
It seems that the U.S. Securities and Exchange Commission (SEC) is renewing its crackdown on crypto, a space which they may see believe is rife with rule-breaking. Altcoin Project Veritaseum Slammed by SEC Announced just hours ago, during the wee hours of Tuesday morning, the regulator has filed an emergency...
Binance to be Down on Thursday PSA: Binance, one of the largest crypto exchanges online, will be performing a system upgrade on Thursday. Per a note posted to the exchange’s blog, Binance’s services (deposits, withdrawals, and trading) will be going offline for six to eight hours starting on August 15th...
Recent reports suggest that Dash (DASH) may not be the most popular cryptocurrency in Venezuela, a country suffering from economic turmoil and extreme levels of hyperinflation. Ryan Taylor, CEO of Dashpay, has previously claimed that Dash is “the most used” digital currency in Venezuela. During the extended crypto bear market...
After facing a bout of capitulation yesterday, Bitcoin has posted a strong recovery from its recent lows and is now attempting to solidify its foothold within the mid-$10,000 region. This strong recovery from yesterday’s sharp drop has led many analysts and investors alike to believe that the cryptocurrency is reversing...
Altcoins Continue to Bleed Out As Ethereum World News has heavily detailed over the past few weeks, altcoins, crypto assets that aren’t Bitcoin, haven’t fared all too well in this bull run. In fact, Bitcoin dominance, the portion of the cryptocurrency market’s capitalization that consists of BTC, recently established a...
IRS Sends New Tax Warning to Crypto Users The U.S. Internal Revenue Service (IRS) is renewing its crackdown on the crypto industry. According to a recent report from CoinDesk, the American tax agency is sending yet another round of letters to individuals it believes is involved in the trading of...
Many of those aboard the crypto hype train stand for assets that take control out of the hands of corporations and governments, into the hands of the user. The decentralization of cryptocurrencies serves not only to take control from the hands of governments, but from the hands of companies as...
