Bitcoin

The global economic engine is still staggering from the slowdown caused by COVID 19. It is still not clear just how damaging the pandemic really is. Restrictions have been placed on border freedoms, trade, import-export, as well as financial movements. Many businesses, regardless of size are having to face up to absorbing losses or ceasing […]

Bloomberg has recently released its commodity index and outlook, which shows some support for Bitcoin. The report went on to say there is reason to believe future commodity prices, with the exception of Bitcoin and gold, will continue on a downward path. Although Bitcoin is not a commodity, it is included in the June 2020 […]

In tandem with Wall Street, Bitcoin prices tumbled late last week. Bitcoin prices fell to a price close to $9,100, a drop of almost 6.4 percent, rekindling the often-debated issue of Bitcoin’s use as a store of value. At the same time that Bitcoin dropped, the S&P 500 index of larger U.S. stocks also lost […]

Digital payment systems are not new to Chinese shoppers. They find moving from shop to shop in Beijing or Shanghai with a smartphone app such as Alipay a lot easier than carrying a purse or wallet filled with Yuan notes. The Chinese government has recently embarked on a pilot program for a digital version of […]

Since Bitcoin halved in early May, the cryptocurrency has struggled to break over the $10,000 level. This is something that could be about to change. Since early 2020, the price of Bitcoin has gone up by about 30 percent. It is currently on track to be the best performing asset of this year. An anonymous […]

The current coronavirus pandemic is revealing serious problems with existing financial systems. COVID-19 is also revealing the benefits of Bitcoin. Although the many economies are slowly opening up, their stability remains unknown. There is little doubt that 2020 will long be remembered. Not only for the coronavirus and for the toll it took on humanity, […]

To help Americans, the Federal Reserve is printing money and cutting interest rates. The question many are asking is, “will these moves have an impact on the crypto market?” Policymakers in the United States and elsewhere have plowed an unprecedented amount of new money into the economy in hopes of staving off what is looking […]

In the aftermath of what turned out to be a somewhat uninteresting and dull halving event, Bitcoin prices are making gains. With daily active Bitcoin addresses at the highest level in two years, interest in the cryptocurrency may be heading higher. Bitcoin is currently trading above its 10-day and 60-day moving averages. This reversal in […]

The run-up to Bitcoin’s third halving generated considerable hype before the event. Now that the day has arrived, it may turn out to be considerably more sedate than the buildup would have suggested. This is especially true after the price retreat of the last few days. The retreat seen over the days leading up to […]