FEDERAL RESERVE’S AMBIGUOUS OUTLOOK BODES WELL FOR BITCOIN

The Federal Open Market Committee (FOMC) has cut the rate again by 25 basis points to a target range of 1.75%-2.00%. While this is in line with analysts’ expectations, the Fed’s potential dovish stance might be bullish for Bitcoin in the long term. FED HAS NO PLAN...

Gold Industry Can Learn From Cryptocurrency, Says Barrick Gold’s COO

The Chief Operating Officer (COO) of Canada-based gold mining company Barrick Gold believes that the precious metal industry should be more like cryptocurrency. Gold Industry & Crypto According to an interview with Fortune published on Sept. 18, Catherine Raw is...

FED’S $53 BILLION ‘RESCUE OPERATION’ IS GOOD NEWS FOR BITCOIN

More cracks seem to be appearing in US financial markets as the central bank has to step in once again with a rescue effort. A spike in overnight borrowing rates has set alarm bells ringing as the economy teeters on a precipice which could lead to another recession....

‘Cash is still king;’ crypto will need to be proven ‘useful,’ says ING

Dutch banking group ING has said that “cash is still king,” and that for cryptocurrencies to catch on, it will need to be proven "useful, relevant and trustworthy." “If cryptocurrencies are to become mainstream, technical improvements are needed,” said Teunis...

Big Four Auditing Firm Deloitte Allows Staff to Pay Lunch in Bitcoin

Big Four auditing firm Deloitte is now allowing its staff to pay for food in the cantine using a mobile Bitcoin (BTC) wallet. English-language local news outlet Luxembourg Times reported on Sept. 17 that Deloitte is testing Bitcoin among its employees to “see how...

TRUMP ‘WILL BAN’ BITCOIN WHEN PRICE REACHES $100,000

Bitcoin could see a total ban in the United States if its price reaches $100,000, a well-known industry commentator has warned. TOM LEE: ‘NOTHING OUT OF REACH’ FOR US GOV’T In a Twitter debate about Washington’s snap ban on flavored e-cigarettes on Sept. 11,...

Bitcoin als verzekering tegen de overheid en bankiers

Bitcoin is een peer-to-peer netwerk. Degene die het gebruiken hebben geen derde partijen nodig voor hun betalingen. Ongeacht wat de prijs van bitcoin in fiat weer spiegelt is dit niet van belang in principe. Of bitcoin 1 euro waard is of 10.000 euro voor het systeem...

BITPAY CRITICIZED BY HONG KONG FREE PRESS FOR FREEZING BITCOIN PAYMENTS

Bitcoin and cryptocurrency payment processor, BitPay, is about to face another wave of negative publicity. This time it has refused to transfer funds sent as bitcoin donations to Hong Kong Free Press. BITCOIN DONATIONS TEMPORARILY SUSPENDED In an angry tweet, HKFP...

BITCOIN HASH RATE NEARING 100,000,000 TH/S IN HISTORIC FIRST

Bitcoin is about to set yet another record as its network’s hash rate explodes in power, despite price trading sideways. BITCOIN SETS NEW RECORD Data from monitoring resource Blockchain.com confirms an exciting new trend for Bitcoin’s $10042.3 +0.55% hashrate,...

Bitcoin Hit Record Inverse Correlation to Chinese Yuan in Past Week

Bitcoin price has seen a record inverse correlation with the Chinese yuan (CNY) this week, according to an analysis from Bloomberg on Sept. 6. This suggests that investors are using the digital currency as a hedge against the yuan’s falling value. Weakening yuan...