The cryptocurrency market finished in the red again as another month went to the bears. Many are of course wondering if we saw the high for the market last December and that it’s all downhill from here. Some even worry about market manipulation that is keeping prices down. These are typical concerns in a bear […]
On June 22nd BTC spiked down and broke support at its April 1st low at $6,425. It then dropped a little lower to $5,755 where it hit the bottom of its down-channel that it’s been in since the May 5th high at $9,990. We wait to see if it will now head for at least […]
The chief U.S. investment regulator now says that Bitcoin and Ethereum are not securities. The Securities and Exchange Commission (SEC) point man on cryptocurrencies, William Hinman, is responsible for the decision. Hinman’s official title is head of the Division of Corporate Finance for the SEC. This division is also in charge of initial coin offerings (ICOs). […]
How much of the world’s money is actually cash — paper bills, like you see in a bank heist movie? Half, you might guess. Perhaps less. Try 8%. Economists believe that of all the world’s paper money, just 8% is actually paper. The rest are digital signals on ledgers at banks and in businesses. Which […]
Swiss voters this past week soundly defeated a “sovereign money” initiative, a referendum which would have led a fundamental change to monetary system in the country — dramatically limiting private bank lending. Nevertheless, 25% of the country did vote “yes” on the referendum, which if approved would have ushered in a financial system similar to […]
Later this year, a Switzerland based non-profit organization called the Saga Foundation expects to launch a “non-volatile” cryptocurrency in late 2018. Given the recent crash of Bitcoin to well below $7,000 — from either news of an exchange hack or just a market fluctuation, it’s impossible to say — the need for a solid, reliable […]
A Ukrainian social media stunt to raise money for an ICO turned deadly and resulted in the death of an expert climber on Mount Everest. The exact date of the death of the individual, a sherpa, has yet to disclosed. About 300 people have died over the years climbing the tallest mountain on earth. Frozen […]
The U.S. Securities and Exchange Commission (SEC) — the government agency that ultimately will decide if cryptocurrencies are legit investments for Americans or not — has appointed a new crypto chief. The announcement comes after previous news that the SEC appointed a cryptocurrency task force. The new crypto boss is Valerie A. Szczepanik. “I am excited […]
John McAfee, the founder of McAfee Antivirus Software, is now an outspoken crypto enthusiast. So outspoken in fact, that he took to Twitter on June 3rd to announce a 2020 presidential bid, with the intention to focus his campaign on cryptocurrency. “In spite of past refusals, I have decided to again run for POTUS in 2020,” […]
Bitcoin bull and and Fundstrat co-founder Tom Lee is still holding fast to his most notable prediction — Bitcoin will hit $25,000 by the end of this year. If realized, this prediction would mean Bitcoin rockets past even the highs that it achieved in 2017. Lee cites three main factors that he believes support his $25,000 […]
