China’s Central Bank Supports Blockchain, but Here’s Why It Won’t Impact Crypto Prices
The People’s Bank of China (PBOC) and the Shanghai commerce commission have issued a joint statement signaling their support for blockchain use in commerce.China Goes All-In on BlockchainAccording to the agencies, decentralized technology can be used in trade finance to resolve asymmetries and validate transactions.In the published document, the two government institutions underscore the cost-effectiveness…
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Bitcoin Price Falters but Fundamentals Remain Intact
The bitcoin price is putting the crypto community to the test. Bitcoin fundamentals, however, remain solid. Altcoins are down in sympathy. It’s not easy being a crypto investor these days. China is sending mixed messages, the bitcoin price is in the doldrums, and there is major FUD being spread around the industry that is only…
China Hype Implodes as Bitcoin Completely Retraces to Pre-Rally Levels
Bitcoin shows signs of a pump-and-dump scheme. A renowned analyst says BTC is dying. Despite the bearish sentiment, countries around the world want to allow investors to trade the pioneer cryptocurrency. On Oct. 25, Chinese President Xi Jinping addressed the nation about the “important role [that blockchain technology would play] in the next round of…
Capitulating Miners Before the Halving Is Bullish for Bitcoin
Bitcoin’s mining difficulty suddenly dropped. The move down indicates that inefficient miners are going out of business. The capitulation of weak miners is long-term bullish for the dominant cryptocurrency. Bitcoin’s slow descent from the 2019 high of $13,880 to its current level of $8,130 is starting to put weak miners out of business. Over a…
Cryptoqueen: How this woman scammed the world, then vanished
Ruja Ignatova called herself the Cryptoqueen. She told people she had invented a cryptocurrency to rival Bitcoin, and persuaded them to invest billions. Then, two years ago, she disappeared. Jamie Bartlett spent months investigating how she did it for the Missing Cryptoqueen podcast, and trying to figure out where she’s hiding. In early June 2016…
Traders Turn Bullish on Altcoins as Bitcoin Selloff Continues
Bitcoin’s price action has given traders very little to be excited about.The chop between $10,000 to $8,000 is giving traders reason to anticipate an altcoin season.One margin trader has even gone on the record and said that alt season has already begun.The number one cryptocurrency has been in a slow bleed ever since it pumped…
Ripple (XRP) Disappoints as It Dumps Big on the First Day of Swell Conference
Ripple (XRP) has been slowly positioning to take out a key resistance and start a bull market.Unfortunately, even the Swell conference cannot help the cause of the cryptocurrency.Analysts continue to be bearish on Ripple as the crypto token succumbs to profit-taking.Ripple (XRP) has been flirting with the possibility of a breakout and trend reversal over…
Stellar (XLM) Spikes 20% in Four Days Before Dumping Again as Traders Turn Bullish
Stellar (XLM/USD) climbed as high as $0.08265 today before the bears woke up and repelled the advance.XLM’s price action over the last few days has given traders reasons to be bullish on the cryptocurrency.One crypto trader takes it a step further as he claims that Stellar has already entered a bull market.Last week, Stellar (XLM)…
Letter from Africa: Zimbabwe, the land where cash barons thrive
Image copyright Reuters In our series of letters from African writers, journalist-turned-barrister Brian Hungwe says the need for cash has not been eased by the release of new Zimbabwean dollar notes over the last week.In Zimbabwe, cash is king.You need notes in your hand to avoid paying a premium for goods.This has come about because…
‘Instagram Influencer’ Conman’s Crypto Scam Crashes Hard in Dubai
Aziz Com Mirza scammed victims millions of dollars through crypto fraud and other schemes. Though victims run into the thousands, some lost as much as half a million dollars individually. Lately, Mirza had been pivoting to a career as a social media influencer but this is unlikely to save him given the mountain of evidence.…
Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status
China is on a fast track to becoming a global digital currency power. Billionaire Michael Novogratz warns that the country might undermine the United States’ reserve status. Some politicians are wary about embracing cryptocurrency networks. Billionaire Michael Novogratz has warned that the United States’ reserve status is likely to be undermined by China’s blockchain and…
China Clarifies Digital Currency Launch Rumors but Barely Kills the Hype
The People’s Bank of China addresses rumors about its digital currency launching in Q1 2020. Speculations mount about the government-backed cryptocurrency. A few details are known about the upcoming digital renminbi. The People’s Bank of China has made an official statement to refute reports of an impending digital currency launch. This was meant to brush…
VeChain and NEO Lead Chinese Coin Pumps; TRON and Ontology Follow
VeChain and NEO have orchestrated impressive rallies over the last few days. TRON and Ontology are printing market structures that are bullish. Traders weigh in and share their bullish predictions on Chinese coins. If you bought Chinese coins when President Xi Jinping surprisingly embraced blockchain, you are very likely sitting on profits. Those profits would…
Crypto Heist: Thieves Penetrate Bitcoin ATM Warehouse to Steal 85 Devices
Bitcoin ATMs stored in a warehouse in the Malaysian town of Seremban were stolen. The heist mimics bank robbers digging tunnels to get to vaults. The perpetrators are thought to have intended to put the crypto devices to their own use. The ‘greatest bank robbery in history’ according to the Guinness World Records involved the…
Fortnite Clone ‘Lightnite’ is a Battle Royale Shooter With Bitcoin
Satoshis Games Studio has announced the first-ever Bitcoin battle royale game, dubbed Lightnite in a rather conspicuous reference to Epic Games flagship Fortnite, albeit without the fanfare of its game-changing Chapter 2 launch. So how does it work? What Is Lightnite? As of writing details are scarce, but Lightnite features all the trappings of any…
