Bitcoin

Bitcoin (BTC) Will Soon Enter a “New Era”, is $9,000 inbound?

January 13th, 2020

Bitcoin will soon enter a “new era” if price action is anything to go by. This is the view of one crypto commentator and analyst on Twitter, MoonOverlord. As per his Wyckoff analysis, Bitcoin is in the early stage of a possible rally that could lift prices to new highs following accumulation. BTC Dominance and…

Philippine ‘Crypto Valley of Asia’ to Get Own Airport

January 10th, 2020

The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of its investors and crypto service providers. Many cryptocurrency exchanges have…

Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency

January 9th, 2020

As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international banking laws like AMLD5 can push bitcoin-friendly companies out of business,…

Korean Presidential Committee Pushes to Make Cryptocurrency Mainstream

January 8th, 2020

A South Korean committee directly under the president has recommended several measures to the government that will make cryptocurrency mainstream.

How to Sell Anything for Bitcoin on Your Website

January 7th, 2020

Selling things for bitcoin online doesn’t have to be hard. In fact, it shouldn’t be, given the decentralized nature and low fees of peer-to-peer electronic cash. For beginners and DIYers new to the world of creating an online bitcoin or crypto marketplace, this article seeks to provide some basic pointers and new resources to get…

Stablecoins Are Crypto’s Version of Fractional Reserve Banking

January 6th, 2020

Stablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however,…

Crypto Fundraising Is Changing Again in 2020

January 4th, 2020

Funding is a prerequisite for any new crypto project, but with IEOs likely to play a reduced role in 2020, where will the all-important capital come from? While minted entities like Ripple, Tezos, and Tron certainly have the means to plow tens of millions into their chosen ventures, they can’t be expected to finance an…

BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed

January 3rd, 2020

On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower….

Government Confirms Crypto Profits Not Taxable in South Korea

January 2nd, 2020

South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency. Crypto Gains Not Subject…

Central Bank Gold Hoarding Hits 50-Year High

December 30th, 2019

While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand this year stemmed from central bank purchases, most of…