The 65 Percent Price Dip Has Made ‘Bitcoin Whales’ A lot More BTC

Last year bitcoin had a phenomenal run leading up to its all-time high of $19,600 per BTC this past mid-December. The price over the past few weeks had since dipped to a low of $5,900 on Monday, February 5, losing close to 65 percent of its value in a short period. The dip has ‘rekt’ … Read more

ECB’s Yves Mersch Labels Blockchain an Inferior Payment System

There is a genuine global interest in blockchain technology right now. That is only normal, as distributed ledgers will transform many businesses in the coming years. European Central Bank executive board member Yves Mersch is not too impressed by this technology. In fact, he claims the new euro settlement technology will outclass blockchain as a payment … Read more

Ledger X President: $50K Bitcoin Bet Saw a $1M Premium the Same Day

Last year on December 22 a firm purchased a $1 million dollar options trade on the Ledger X platform that wagered the BTC/USD market price will be $50,000 by the last month of 2018. This week Juthica Chou, the president of Ledger X chatted with Jared Blikre at the Yahoo Finance All Markets Summit’s cryptocurrency … Read more

Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade

Wall Street is known for being a cut throat place where shrewd business people play as tough as possible in order to make gains or their destroy opponents. However, the crypto ecosystem can be at times far more nasty than any other market. One company that had the audacity to rate everyone’s favorite cryptocurrency somewhat … Read more

Grayscale Plans to Launch a Cryptocurrency ‘Large Cap Fund’

This Wednesday Grayscale Investments, the sponsor of the Bitcoin Trust (OTCQX: GBTC) has announced a new cryptocurrency investment vehicle is coming. The company plans to launch the ‘Grayscale Digital Large Cap Fund’ (the “Fund”) that intends to hold the top digital assets within the cryptocurrency economy. Also Read: Phony PBOC Email Sent to U.S. Media Aimed … Read more

‘Black Monday’ Shows Bitcoin Isn’t As ‘Dangerous’ As Regulators Claim

Looking at mainstream media headlines over the past few weeks shows a lot of columnists and pundits have declared that ‘bitcoin’s bubble has burst.’ They always claim that it’s much safer to invest in traditional investments like equities or the stock market while at the same time highlighting cryptocurrency’s volatile price swings. However, on Monday, … Read more

Lloyds Banking Group Bars Customers from Buying Bitcoin

A growing number of banks have begun opposing the purchase and sale of Bitcoin and other cryptocurrencies. This is especially true when it comes to payment cards, although it also affects bank transfer-related transactions. Lloyds Banking Group is the latest financial institution to take a rather severe approach in this regard. It now forbids all of its customers from purchasing … Read more

Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

Britain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Largest British Banking Group Banning Crypto Britain’s … Read more

Roboforex Adds Bitcoin Cash and Three Other Cryptocurrency CFDs for Trading

Another major international leveraged trading brokerage has launched a contract-for-difference (CFD) for Bitcoin Cash paired against the US dollar. This means that Roboforex clients gain today the ability to trade the instrument on the most popular platform in the retail forex market, MT4. Also Read: China to Block Access to International Cryptocurrency Exchanges Bitcoin Cash … Read more

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