Bitcoin Could Become Like ‘Prison Cigarettes’ Amid Deepening Financial Crisis
Economist John Vaz believes economic mismanagement could lead to Bitcoin acting as a money commodity akin to cigarettes in prisons Go to Source Powered by WPeMatico
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Singapore Allows Crypto Companies to Operate Without a License for 6 Months
The Monetary Authority of Singapore has granted an exemption from holding a license to a number of cryptocurrency companies operating in the country under the new Payment Services Act. Among the companies benefiting from this six-month grace period are Binance, Coinbase, Gemini, Bitstamp, Luno, Upbit, and Wirex. Also read: 2x Bitcoin — Wanna Double Your … Read more
Bitcoin Is Half-Priced ‘Hurricane Insurance,’ Says Crypto Fund Manager
At the current price levels, the Ikigai CIO believes that buying BTC like purchasing half-priced “hurricane insurance Go to Source Powered by WPeMatico
US Cash Crisis: Withdrawal Limits Spark Bank Run Fear
The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite has been trying to withdraw $30-50K per person as they flee … Read more
Analysts Question Gold’s Safe Haven Status – 2008 Data Shows Central Banks Oversaturated Bullion Markets
After bitcoin prices dropped below the $5K region on Monday morning, gold also slid significantly. It saw a small spike in value after the Federal Reserve announced slashing the benchmark rate by 100 bps, but gold prices subsequently dropped below $1,500 per ounce hours later. The current sentiment has led people to question why gold … Read more
Bitcoin & Gold ‘Are Doing the Same Thing’ in Coronavirus Crisis: Pomp
The Morgan Creek Digital co-founder predicts that monetary stimulus measures in the U.S. will coincide with the Bitcoin halving to spark the next bull run Go to Source Powered by WPeMatico
Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B
Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during the last three days. Digital asset prices dropped to the lowest levels since May 2019. Moreover, on five derivatives exchanges, more than $2.2 billion leveraged positions were liquidated in the last 24 hours. … Read more
Five Signs That Ethereum Is Having Its Moment Right Now
With the Ether price doubling in weeks, the founder of Synthetix, Kain Warwick, has said he believes Ethereum is the reason people are “getting excited about crypto again” Go to Source Powered by WPeMatico
Market Outlook: Leading Cryptocurrencies Attempt to Break Resistance
Digital currency markets have started to show strong signs of recovery after dropping to new lows last week. On Monday, a number of cryptocurrencies gained between 2-5% over the course of the day. Crypto prices have held steady into the next day and many digital assets will likely test key resistance levels in order to … Read more
Market Outlook: Uncertainty Builds With Thin Trade Volumes and Bitcoin Futures Launch
Digital currency markets have dropped in value over the last three weeks, losing $25 billion since mid-August. Market prices have been creeping downward on thin global trade volume and the last two months of volatility seem to be taking a toll on short-term bullish optimism. Also Read: Bitmain Launches Next Gen Miner as Bitcoin Hashrate … Read more
