Oil prices jumped recently and this led to a lot of analysts raising their forecasts for oil prices. I have seen a number of headlines in recent weeks with the most common prediction being $100 a barrel. At least that was the case until last week. Oil prices had really been climbing for the better […]
Joe Davis, the head of Vanguard Investment Strategy Group, thinks Bitcoin could fall to zero. Vanguard managed $5.1 trillion as of the end of January, working for 20 million investors in 170 countries. Davis wrote a scathing assessment of the cryptocurrency’s future, questioning its value as a currency and as an investment vehicle. Davis added […]
Most people, when they think of cryptocurrency, they think of Bitcoin. Nevertheless, according to the Chinese government, Bitcoin is just the 13th-most popular digital currency currently in public use. Meanwhile, Ether, the digital currency token that is powered by Ethereum, is the tops, says the Chinese government’s premier monthly Global Public Chain Assessment Index. China’s first […]
The U.S. dollar is starting to become less attractive for investors due to rising debt at home and the printed money to cover it, says famed international investor Jim Rogers. His prediction has huge implications for foreign currency, gold, and cryptocurrency investors. All three are potential safe havens from a future U.S. dollar collapse. “The […]
Mastercard is looking to fast track blockchain, the technology behind cryptocurrencies such as Bitcoin. The patents are important because they provide a clue as to how the credit card industry is working furiously behind the scenes to get ahead of the curve on blockchain. Using the technology may or may not usher in the broad […]
By 2022, a neo-utopia of floating Pacific islands near French Polynesia will allow you to live under the government of your own choosing, as well as transact solely in cryptocurrencies. The so-called “Floating Island Project” is a sea-bound island state that will feature 300 homes, offices, restaurants and hotels. It will be the world’s first […]
Cash in crypto just sitting around, earning nothing? Say no more. Coinbase has created a venture fund called Compound which will allow investors to accrue interest on cryptocurrencies. The San Francisco digital currency exchange has successfully raised more than $8.2 million dollars in seed capital funding for the project. Compound’s business model is to create an […]
The California city of Berkeley could soon create its own cryptocurrency after a go ahead to study the idea from its city council. If feasible, Berkeley could issue what its city council is calling a blockchain-based “microbond.” “It’s happening. We passed it,” said Ben Bartlett, the vice mayor and council member who started the initiative. According […]
Bitcoin mania has taken over the world. However, the MIT Technology Review recently published an article that details three ways that Bitcoin could be easily made obsolete — and thus worthless. The virtual currency traded for as much as $20,000 in December before falling back. It recently traded around $8,000. The article, penned by Morgan Peck, […]
President Donald Trump recently reneged on an Obama-era deal with Iran to curtail its nuclear program, reinstating crippling economic sanctions. Trump’s decision fuels an already tough economic crisis in Iran, whose government is grappling with the announcement. Interest rates in Iran have jumped. Foreign exchange dealers are being arrested and the central bank of Iran […]
