Trump’s Dislike of Bitcoin Unites and Emboldens Crypto Community

The other shoe has dropped, and the president of the United States doesn’t like bitcoin. While disappointing, it’s not entirely shocking that a man who accumulated his wealth in the real estate market would take issue with a non-sovereign currency. His rejection of the digital currency, however, largely seemed to inspire a collective sigh of …

CoinDeal Renews Wolverhampton Sponsorship

Crypto exchange CoinDeal has announced the renewal of its advertising agreement with the Wolverhampton Wanderers, a major English football team. The sponsorship means that CoinDeal will continue to sustain a brand presence within the mainstream sports world, a rarity for a bitcoin-focused company. CoinDeal, which operates a cryptocurrency exchange that has so far catered to …

Gold Beats Bitcoin as Fed Chair Powell Finalizes Dovish Pivot

Monetary policy may or may not have a direct impact on bitcoin, but the US Federal Reserve’s dovish pivot is helping gold regain a bit of shine from its digital counterpart. The precious metal popped to its weekly high today, extending gains from the previous session after Federal Reserve Chairman Jerome Powell appeared to set …

Bitcoin: The Best ‘Schmuck Insurance” for Investors

Social Capital CEO and early Bitcoin investor Chamath Palihapitiya recently said investors should “just buy Bitcoin” and enjoy the gains later. Just Buy the Dip! Recently on CNBC Squawk Box, Social Capital CEO Chamath Palihapitiya said that in his opinion, Bitcoin is “the single best hedge against the traditional financial infrastructure.” The Silicon Valley venture …

Bitcoin Is Shaky But BTC Indispensable In Investment Portfolios

Bitcoin (BTC) is up 14.6 percent Cryptocurrencies have a role to play in investment portfolios Despite skepticism, Bitcoin and cryptocurrencies are increasingly becoming part of investment portfolios. That’s notwithstanding their wild price fluctuations. At the time of writing, BTC is up 14.6 percent week-to-date. Fundamentals There are diverse opinions as far as what Bitcoin is. …

Playing on Layer 2: Satoshi’s Games Brings Lightning to the Next Level

Though Bitcoin’s second layer is mostly appreciated for its speed and scalability, it also helps enable some interesting smart contract functions. In this regard, the intricate microtransaction features have inspired enthusiasts to work on Lightning applications (LApps) that disrupt everything from content monetization (with Y’alls and LNCast) to privacy-friendly text messaging (like LnSMS and Receive …

China Issuing Digital Currency ‘Will Drive Bitcoin Adoption’

Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token.  The impetus, …

Bitcoin is the Best Performing Asset, Path to $100,000 is Easy To See

While Bitcoin price continues to struggle to reclaim the recent high of $13,800 where it was stopped abruptly following a multi-month parabolic run, analysts are already setting price targets well above the previous all-time high. In fact, Morgan Creek Capital Management’s Mark Yusko believes that Bitcoin could reclaim the past all-time high and hit $30,000 …

Police Raid Tron’s Beijing Office As CEO Battles Scam Claims

Blockchain network Tron is at the center of controversy July 8 after footage emerged of Chinese police raiding its offices in Beijing.  Users: Tron Turned Blind Eye To $30M Ponzi Scheme According to social media users sharing the footage, officers are present at Tron’s headquarters along with members of the public calling the operation a …