Dollar

Cardano Co-Founder: Wall Street Will Bring ‘Tens of Trillions of Dollars’ to Crypto

2 months ago admin2 Comments Off on Cardano Co-Founder: Wall Street Will Bring ‘Tens of Trillions of Dollars’ to Crypto
Charles Hoskinson, co-founder of altcoin Cardano (ADA), tweeted June 20 that the entry of Wall Street into the crypto sector will bring in “tens of trillions of dollars:” What’s often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to Read More

Indians abroad are again sending tonnes of money back home

4 months ago admin2 Comments Off on Indians abroad are again sending tonnes of money back home
India’s overseas population is back to sending home huge sums of money—even more than what the World Bank expected. In 2017, India received $69 billion in remittances, higher than any other country. This is also higher than the earlier World Bank estimate of $65 billion and marks a nearly 10% rise over the previous year, Read More

How Cryptocurrencies Could Offer Independence From Banks

9 months ago admin2 Comments Off on How Cryptocurrencies Could Offer Independence From Banks
Amid recent talk of mainstream acceptance, Bitcoin and other cryptocurrencies stand on the precipice providing economic independence from private banking institutions. That is in essence what Bitcoin was created to do back in 2008 when its initial white paper was released. The decentralized virtual currency removed the need for an administrator or bank – through Read More

Goldman Sachs CEO Open to Considering Bitcoin Trading Once Currency Becomes Established

9 months ago admin2 Comments Off on Goldman Sachs CEO Open to Considering Bitcoin Trading Once Currency Becomes Established
Goldman Sachs’ CEO Lloyd Blankfein has been one of the most open-minded Wall Street CEOs on Bitcoin. He isn’t a Bitcoin bull like Michael Novogratz; but neither has he derided the currency as has JP Morgan Chase CEO Jamie Dimon. In fact, Blankfein has even pointed out that people distrusted paper currency when it was Read More

Keiser: Dollar Collapsing Against Bitcoin

9 months ago admin2 Comments Off on Keiser: Dollar Collapsing Against Bitcoin
With every passing week, Bitcoin seems to surge to new heights amid growing anticipation of widespread mainstream acceptance. As the price of the founding cryptocurrency continues to soar, influential financial analysts, stock pickers, forecasters and pundits wax lyrical over it’s growing value. Just a week ago, Russia Today show host Max Keiser speculated that Bitcoin Read More

Bitfinex Struggles with Money Withdrawal, Community Observers Predict MtGox Scenario

9 months ago admin2 Comments Off on Bitfinex Struggles with Money Withdrawal, Community Observers Predict MtGox Scenario
Several observers from the Bitfinex community are pointing out severe problems with money withdrawal on the exchange, which might lead to it becoming “the next MtGox”. The risk may be related to the connection between Tether and Bitfinex and the concerns regarding redacted information that would normally be included in an audit. Some users are Read More

Rapid Increase in Tether Supply Raises Concerns of Manipulation, Creative Accounting

9 months ago admin2 Comments Off on Rapid Increase in Tether Supply Raises Concerns of Manipulation, Creative Accounting
Tether has always been a controversial token – claimed to be redeemable for fiat currencies but shunned by the fiat banking system. However, the rapid expansion in Tether supply has raised concerns about whether this could be one of the reasons for the overall cryptocurrency boom. What is Tether? According to the Company’s website, Tether Read More

How Close Did Bitcoin Get to Disastrous Chain Death Spiral

9 months ago admin2 Comments Off on How Close Did Bitcoin Get to Disastrous Chain Death Spiral
Over the weekend Bitcoin price suffered yet another big drop that would have shaken weak hands, but those battle-hardened hodlers would have scoffed at the paltry 29 percent drop. However, under the surface, Bitcoin’s alarm bells were close to sounding as the hash rate fell to around 50 percent. Bitcoin showed signs of its potential Read More

Bitcoin Price Doubles in Troubled Zimbabwe

9 months ago admin2 Comments Off on Bitcoin Price Doubles in Troubled Zimbabwe
A surprise political move by Zimbabwean president Robert Mugabe, who fired his deputy Emmerson Mnangagwa, has played havoc on the US dollar/bond note parallel exchange rate, as well as on Bitcoin price in the country. Bitcoin was already trading at a highly inflated rate in the troubled African country as its demand skyrocketed as a Read More

Bitcoin-Only Property Sale: UNESCO World Heritage Site in Ibiza for 1,850 BTC

9 months ago admin2 Comments Off on Bitcoin-Only Property Sale: UNESCO World Heritage Site in Ibiza for 1,850 BTC
When a Texas-based real estate brokerage firm sold a property using just Bitcoin, the ease of transaction became topical. “In a matter of 10 minutes,” says Sheryl Lowe, the agent who represented the buyer in the sale, “the Bitcoin was changed to US Dollars and the deal was done!” The same factor is playing out Read More