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Ethereum May Face Deep Pullback in Coming Days: Analyst

Cole Petersen·
Ethereum
The aggregated crypto markets have been sent on a rollercoaster over the past several weeks due to massive Bitcoin volatility. This volatility has proved to be particularly negative for cryptocurrencies like Ethereum, which have been closely tracking BTC’s price action. Analysts are now noting that Ethereum appears to be gearing...

Could Chinese Banks Finally Begin Warming To Bitcoin?

Martin Young·
bitcoin china
China has had a rocky relationship with the world’s dominant digital asset over the past few years. While there have been no direct signals from the ruling party in the PRC, the people are still hungry for cryptocurrencies and there could be a glimmer of hope of a warming towards...

Cryptos Should Be Treated As Separate Asset Class: Circle CEO Jeremy Allaire

Avatar photoAdrian Mathieu·
Allaire
Members of the U.S. Senate Banking Committee will be discussing various approaches to regulating cryptocurrencies on July 30, 2019. Jeremy Allaire, CEO of Circle Internet Financial, a firm focused on digital assets and blockchain technology, is expected to testify as a representative of the Blockchain Association. Mehrsa Baradaran, professor at...

Bitcoin Hash Rate Unfazed By BTC Drop Under $10,000

Nick Chong·
Bitcoin Hash Rate Unfazed By BTC Drop Under $10,000 15
Bitcoin Miners Totally Unfazed Bitcoin miners seem to be entirely unaffected by the recent tumult in the crypto market. As spotted by prominent Bitcoiner Hodlonaut, the hash rate of the popular network recently set a fresh all-time high for the umpteenth time over the past few months. So, despite the...

PwC: Crypto Tax Cut in Singapore to Boost Local Digital Asset Economy

Nick Chong·
PwC: Crypto Tax Cut in Singapore to Boost Local Digital Asset Economy 16
You may not know it, but Singapore has a budding cryptocurrency sector. In fact, the wealthy city-state has gone as far as to invest in Binance through its sovereign wealth fund, back blockchain incubator and media outlet Longhash, and propose a specific tax exemption for digital assets.  Singapore, a Crypto...

The Longer Bitcoin (BTC) Stays in $9,000s, the Better: Analyst

Nick Chong·
The Longer Bitcoin (BTC) Stays in $9,000s, the Better: Analyst 17
Bitcoin Getting Stronger and Stronger Just the other day, Bitcoin slipped under $10,000. Despite this loss of key support, one analyst recently noted that there is a growing bull case. In the tweet seen below, Crypto Michaël explained that the longer that BTC holds in the $9,000 range, the “stronger...

Bitcoin to Experience First Federal Reserve Rate Cut… Ever

Nick Chong·
Bitcoin to Experience First Federal Reserve Rate Cut... Ever 18
Bitcoin Unlikely to Move After Cut? Bitcoin is about to experience a first. Tomorrow, the Federal Reserve (Fed), with Chairman Jerome Powell at its helm, is expected to cut interest rates. While this hasn’t been confirmed, President Donald Trump is expecting a rate cut, as are many other economists and...

US Regulators Realize Banning Bitcoin Is Unrealistic

Martin Young·
bitcoin US
As another US Senate Committee on Banking convened this week, the topic inevitably turned to Bitcoin and cryptocurrencies once again. This time the key take from the proceedings was that banning Bitcoin would not be possible even if they wanted to. Bitcoin a Global Innovation Regulators have been riled recently...