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Bitcoin News
Bitcoin News
Billionaire Sam Zell Skeptic of Bitcoin, Predicts US Dollar to be Replaced as World Reserve Currency
Sam Zell, the American billionaire businessman and philanthropist recently in an interview claimed that he is still skeptical about bitcoin as the whole world seems to go gaga over the top cryptocurrency. The Real-estate magnate suggested that Bitcoin might turn out to be the answer to many of our financial woes but he still doesn’t
Sam Zell, the American billionaire businessman and philanthropist recently in an interview claimed that he is still skeptical about bitcoin as the whole world seems to go gaga over the top cryptocurrency. The Real-estate magnate suggested that Bitcoin might turn out to be the answer to many of our financial woes but he still doesn’t
Bitcoin News
Bitcoin News
US Congress Agrees To a $900B COVID-19 Stimulus Deal, What’s Next For Bitcoin?
After months of negotiation impasse, the United States (US ) Congress has agreed to a US$900 Billion COVID-19 stimulus deal for the benefits of Americans. According to a report by CNBC, the new stimulus package was agreed upon by Congress on Sunday according to Senate Majority leader Mitch McConnell and Minority Leader Chuck Schumer. The
After months of negotiation impasse, the United States (US ) Congress has agreed to a US$900 Billion COVID-19 stimulus deal for the benefits of Americans. According to a report by CNBC, the new stimulus package was agreed upon by Congress on Sunday according to Senate Majority leader Mitch McConnell and Minority Leader Chuck Schumer. The
News
News
“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan
China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance
China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance
Altcoin
Altcoin
Editorial: Is “Digital Yuan” China’s Weapon to Rule Global Markets?
The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the mainstream financial giants such as PayPal and MicroStrategy & rising global trade tensions has only made the contention
The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the mainstream financial giants such as PayPal and MicroStrategy & rising global trade tensions has only made the contention
Bitcoin News
Bitcoin News
Will USD Devaluation Hedge the $SPX Fueled Drop in Bitcoin Prices?
New highs in SPX seems to be acting as a catalyst for the drop in Bitcoin and gold. However, the devaluation of the US Dollar might build bullish fundamentals. The stock market opening on Tuesday was quite eventful as asset prices across commodity, currency and crypto markets moved drastically. $SPX new ATH. Let that sink
New highs in SPX seems to be acting as a catalyst for the drop in Bitcoin and gold. However, the devaluation of the US Dollar might build bullish fundamentals. The stock market opening on Tuesday was quite eventful as asset prices across commodity, currency and crypto markets moved drastically. $SPX new ATH. Let that sink
Bitcoin News
Bitcoin News
Bitcoin Price Skyrockets in Venezuela and other Oil Exporting Nations
Hyperinflation in countries like Venezuela, Lebanon, Colombia, Argentina, and so on is causing a huge spike Bitcoin [BTC] prices. The volume of trade w.r.t. local currency is reaching ATH in many of these countries. The beginning of recession driven by COVID-19 and the subsequent oil market crash is beginning to reshape the world. The recent
Hyperinflation in countries like Venezuela, Lebanon, Colombia, Argentina, and so on is causing a huge spike Bitcoin [BTC] prices. The volume of trade w.r.t. local currency is reaching ATH in many of these countries. The beginning of recession driven by COVID-19 and the subsequent oil market crash is beginning to reshape the world. The recent
Bitcoin News
Bitcoin News
Bitcoin Paradigm Shift? Analysts Fear Inflation Behind the ‘BRRR’ of FIAT Printing
The U.S. Fed Chairman, Jerome Powell announces that it is preparing to buy unlimited amounts of U.S. bonds and mortgage-backed securities to prevent the economy from falling into depression. Hence, paving way for another $2 trillion worth economic stimuli. However, the stock market shows little strength after the announcement. The S&P 500 Index closed 2.9%
The U.S. Fed Chairman, Jerome Powell announces that it is preparing to buy unlimited amounts of U.S. bonds and mortgage-backed securities to prevent the economy from falling into depression. Hence, paving way for another $2 trillion worth economic stimuli. However, the stock market shows little strength after the announcement. The S&P 500 Index closed 2.9%
Bitcoin News
Bitcoin News
Weak Dollar Equals Strong Bitcoin – Analyst, but Coronavirus Keeps up USD Demand
The Federal Reserve in the US has taken all the actions that would normally cause a drop in USD exchange rates. However, as the world is in the early phases of an economic shutdown due to coronavirus, the demand for US dollars is still intact. Since, last week the US financial regulators increased the supply
The Federal Reserve in the US has taken all the actions that would normally cause a drop in USD exchange rates. However, as the world is in the early phases of an economic shutdown due to coronavirus, the demand for US dollars is still intact. Since, last week the US financial regulators increased the supply
Regulation News
Regulation News
Five Nation Group Mulling over Cryptocurrency Plans to Tackle USD Dominance
Brazil, Russia, India, China, and South Africa or popularly known as BRICS, are backing the idea of a common payment system. The 11th BRICS summit is currently underway in Brazil. The set up would enable seamless trade between the countries and also tackle the dominance of the US dollar in the international markets. Reportedly, the
Brazil, Russia, India, China, and South Africa or popularly known as BRICS, are backing the idea of a common payment system. The 11th BRICS summit is currently underway in Brazil. The set up would enable seamless trade between the countries and also tackle the dominance of the US dollar in the international markets. Reportedly, the
Bitcoin News
Bitcoin News
US President Trump Speaks on Bitcoin and Libra – Here’s How Market Reacted
US President Donald Trump, who is more vocal about his feelings and thoughts than many, finally spoke about Bitcoin and cryptocurrencies. He not only gave his views in general but also spoke negatively about Facebook’s cryptocurrency plans with Libra. While his views were not favorable towards Bitcoin or any cryptocurrency, it hardly had an effect
US President Donald Trump, who is more vocal about his feelings and thoughts than many, finally spoke about Bitcoin and cryptocurrencies. He not only gave his views in general but also spoke negatively about Facebook’s cryptocurrency plans with Libra. While his views were not favorable towards Bitcoin or any cryptocurrency, it hardly had an effect
Altcoin News
Altcoin News
USDT-Tron Stablecoin Launched on the Tron Network by Tether
Tether has started issuing USD-pegged stablecoin based on the TRC-20 protocol. The new FIAT backed crypto on the Tron Network would enable zero fee transactions nearly in real time. USDT-Tron cryptocurrency that is issued by Tether and follows the TRC-20 protocol on the Tron Network. Tether Operations Limited is a firm that converts FIAT currency
Tether has started issuing USD-pegged stablecoin based on the TRC-20 protocol. The new FIAT backed crypto on the Tron Network would enable zero fee transactions nearly in real time. USDT-Tron cryptocurrency that is issued by Tether and follows the TRC-20 protocol on the Tron Network. Tether Operations Limited is a firm that converts FIAT currency
Bitcoin News
Bitcoin News
Venezuela Drops US Dollar for International Transactions while Posting Record Bitcoin Trading Volume
Venezuela is abandoning the US dollar for international payments while the floating exchange rate system of the country will be operating in euro, yuan, and other convertible currency. Meanwhile, P2P Bitcoin trading volume is making records by registering the highest volume. No more US Dollar for Venezuela Venezuela is dropping the US dollar for all
Venezuela is abandoning the US dollar for international payments while the floating exchange rate system of the country will be operating in euro, yuan, and other convertible currency. Meanwhile, P2P Bitcoin trading volume is making records by registering the highest volume. No more US Dollar for Venezuela Venezuela is dropping the US dollar for all
Bitcoin News
Bitcoin News
Bitpay adds Newly Launched Gemini Dollar and Circle Centre Coin to its Settlement Service
Leading blockchain and bitcoin payment provider Bitpay has announced that it would be providing its merchant’s option to receive settlement in recently launched stablecoins of Circle Financials, Centre USD and Gemini Exchange’s Gemini Dollar. This move by Bitpay comes in anticipation of the rise in demand of stablecoins. Merchants and businesses can now receive settlement
Leading blockchain and bitcoin payment provider Bitpay has announced that it would be providing its merchant’s option to receive settlement in recently launched stablecoins of Circle Financials, Centre USD and Gemini Exchange’s Gemini Dollar. This move by Bitpay comes in anticipation of the rise in demand of stablecoins. Merchants and businesses can now receive settlement