Italy’s Economic Pain Is the Bitcoin Price’s Gain Perhaps it took an economic crisis of another kind to lift the cryptocurrency markets. Italy’s economy is reeling amid a political crisis that has placed a spotlight on the cracks in the EU’s economic foundation. Bitcoin Price Trends up as Italy’s Economy Falters Italian bonds … Continue reading Italy’s Economic Pain Is the Bitcoin Price’s Gain
Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble The Technology Behind Cryptocurrencies The creation of Bitcoin back in 2008 fueled the exponential growth of the cryptocurrency ecosystem, facilitating the creation of a rich diversity of coins and applications that many would deem revolutionary. Those who invested in cheap coins at the outset … Continue reading Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble
Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst Although bitcoin price has grown 3x at peak levels this year, better gains are yet to come, according to Goldman Sachs’ chief technician. Bitcoin has been on a historic tear in 2017. After ringing in the year at $1,000 on the very first … Continue reading Bitcoin Could Hit Near $4,000: Goldman Sachs’ Chief Analyst
Traders Plan for Correction as Crypto Market Falls Below $100 Billion The total value of all publicly traded cryptocurrencies may be at an all-time high, but trader confidence isn't keeping pace. After rising more than 1,500% from just over $7bn on 1st January, the market is beginning to show signs that its rapid ascent in … Continue reading Traders Plan for Correction as Crypto Market Falls Below $100 Billion
Getting High on Cryptocurrencies There are now four times as many cryptocurrencies in circulation as fiat currencies.That's amazing. And encouraging.According to the Swiss Association for Standardization, which maintains the International Standards Organization database, there are 177 national currencies currently in use. That list generously includes four precious-metals and four bond-market units (codes XBA to XBD, … Continue reading Getting High on Cryptocurrencies
Bitcoin, Ethereum and a New Direction for Cryptocurrency Investment This week CoinDesk released its State of Blockchain Q1 2017 study, which details recent trends, statistics and sentiment around cryptocurrencies and blockchain technology. While the entire report is worth a read (there are some surprises), two slides especially caught my attention. When put together and compared … Continue reading Bitcoin, Ethereum and a New Direction for Cryptocurrency Investment
Hedge Funds Are Quietly Investing in Bitcoin Bitcoin’s price has gained over 180 percent this year, while hedge funds have only returned 3.5 percent on average. Most hedge fund managers have stayed away from bitcoin. However, the few that have included it are significantly outperforming their peers. Average Hedge Funds Return 3.5% This Year Hedge … Continue reading Hedge Funds Are Quietly Investing in Bitcoin
Australian Stock Exchange Announces First-Ever Bitcoin Investment In a first, Melbourne-based Blockchain Global Limited (BGL) has used bitcoin in an AUD$4.35 million investment to acquire a 40% stake in ASX-listed blockchain payments fintech DigitalX. Details from an announcement today on the Australian Stock Exchange (ASX) reveal DigitalX to receive, in bitcoin, AUD$300,000 in a … Continue reading Australian Stock Exchange Announces First-Ever Bitcoin Investment
Russia is looking to regulate bitcoin but still doesn’t see it as a currency Russia is exploring ways to regulate bitcoin, the country's central bank governor has told CNBC, but sees "doubts" over the benefits of the cryptocurrency and even questions whether it should be considered a virtual currency at all. In an interview with … Continue reading Russia is looking to regulate bitcoin but still doesn’t see it as a currency
The Cryptocurrency Market Is Growing Exponentially Bitcoin dominates over other digital currencies today, but the data suggests its market share will drop significantly in the next few years. When it comes to the future of money, there is a growing consensus that cryptocurrencies are set to play a major role. One cryptocurrency, in particular, has … Continue reading The Cryptocurrency Market Is Growing Exponentially