Bitcoin

Hyperinflation and Rent Controls – 2020’s Telltale Signs of Economic Distress Haunts Many Nations

November 24th, 2020

If history serves us well, 2020 is likely a precursor to a long and dreadful economic depression throughout a myriad of countries worldwide. During the last year, economists and analysts have been discussing how specifically the United States economy and the U.S. dollar are losing global dominance quite rapidly. While a few analysts believe the…

OCC Wants to End Banks’ Discrimination of Disfavored Businesses Including Crypto Companies

November 23rd, 2020

The OCC is proposing a rule change that compels large U.S. banks to offer and provide fair access to financial services to anyone that wants them. The proposition seeks to clarify the obligation of large banks to provide fair access to financial services in a manner consistent with the Dodd-Frank Act’s mandate. Discrimination Against Disfavored…

Silk Road Bitcoin Seizure: Analytics Firm Claims Tokens Worth Millions Still Outstanding

November 22nd, 2020

Analytics firm Coinfirm says the US Department of Justice (DOJ)’s seizure of digital assets associated with the now-defunct Silk Road left behind tokens worth millions of dollars. According to Coinfirm, there are still valuable balances held on forked addresses originating from that wallet. On November 5, the DOJ announced that a hacker known as Individual…

Analysts: Institutional Investor Interest Fueling BTC Rally, Liquidity Crunch Narrative Debunked

November 21st, 2020

Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts…

Largest Crypto Fund Manager Says Clients See Bitcoin as Inflation Hedge

November 21st, 2020

Bitcoin’s ongoing price rally is nearing its all-time high, making it the center of attention just like 2017 where most of the mainstream media houses have started to take note of the king coin’s price movement. While the price movement and attention might be quite similar to 2017, a lot has changed about the top…

Grammy Nominated Hip-Hop Star Logic Dropped $6 Million Into Bitcoin Last Month

November 20th, 2020

During the last few months, a slew of celebrity luminaries, millionaires, and even a number of billionaires have announced taking the plunge into the crypto asset economy. On Thursday evening, the former rapper Robert Bryson Hall II, known professionally as “Logic,” revealed he purchased $6 million worth of bitcoin last month. The retired American rapper…

Airbnb IPO Prospectus Says Future Success Means Adapting to Cryptocurrencies

November 20th, 2020

The giant online rental marketplace based in San Francisco, Airbnb is considering supporting cryptocurrencies and blockchain technology. The news stems from the company’s initial public offering (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC). Airbnb’s filing notes that future success will be dependent on adapting to new technologies such as tokenization and cryptocurrencies….

Report: Pandemic Response Pushed Global Debt to $272 Trillion in Q3, $5T in Borrowing Expected in Q4

November 20th, 2020

The Institute of International Finance (IIF) says global debt will soar to a record $277 trillion by the end of 2020 as governments and companies continue to spend in response to the COVID-19 pandemic. Already, the debt has ballooned by $15 trillion this year to $272 trillion through September. Governments from developed markets account for…

Crypto Security Firm Fireblocks Raises $30 Million in Series B Funding, Targets Global Expansion

November 19th, 2020

Crypto security firm Fireblocks said Wednesday that it has raised $30 million in a Series B funding round. The money will be used to hire new talent as well as to expand its global operations to meet “institutional and retail market demand for digital assets.” The round was led by Paradigm, with participation from Fireblocks’…

Mexican Billionaire Ricardo Pliego Invests 10 percent of Liquid Portfolio in Bitcoin- Says the Crypto Shields Against Wealth Expropriation

November 19th, 2020

Mexico’s second-richest person Ricardo Salinas Pliego confirms that 10% of his liquid portfolio is invested in bitcoin. The billionaire says the top crypto protects the wealth of private citizens from getting expropriated. Pliego advises his followers that might want to follow his in footsteps to study and understand bitcoin. He also recommends one book, “The…