On a zoomed-out scale, the U.S. dollar has been rapidly inflating against bitcoin since the time one bitcoin reached parity with one dollar in 2011. It is my fervent wish that hyperinflation never reaches our shores. The probability that we will avoid that outcome is extremely slim. Put another way, our chances of experiencing hyperinflation […]
THE DOLLAR HAS BEEN INFLATING AGAINST BITCOIN SINCE 2011 Read More »
The payment services giant will allow users to turn crypto into fiat for use at any one of 35 million merchant accounts. AUSTIN, Texas –— PayPal’s (PYPL) move this week to allow customers to transfer crypto out of PayPal’s cryptocurrency walled garden to external wallets is the opening step from a fiat-orientated world to a digital currency
Bitcoin threatens its lowest weekly close since late 2020 as low weekend liquidity exacerbates existing weakness. Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst likens risk asset ‘pump’ to 1929 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of
Bitcoin price drops to lowest since May as Ethereum market trades at 18.4% loss Read More »
After a prominent rise last year, 2022 has not been too kind to the top meme coin asset dogecoin. Currently, the father of the meme coin economy, dogecoin, has lost 91% in value since the crypto asset’s all-time high. Despite the drop, dogecoin is still a top ten contender among the largest crypto market valuations
As the clamor for crypto regulations has continued to intensify, the European Union (EU) is close to agreeing on a comprehensive regulation that will govern the nascent digital currency ecosystem. The news was broken by Bloomberg claiming to draw inference from sources familiar with the discussions between the 27 member states. Per the Bloomberg report,
European Union Close in Agreeing on Crypto Regulations – Bloomberg Read More »
KEY POINTS Ukraine President Volodymyr Zelenskyy warned that the world will face a “severe food crisis,” with Russia’s war on his country dragging on, as he virtually addressed the Shangri-La Dialogue in Singapore on Saturday. Zelenskyy told delegates that his country was unable to export enough food because of Russia’s blockade at Black Sea ports, which
The world will face ‘a severe food crisis and famine,’ Zelenskyy says Read More »
Bitcoin’s price is sitting well below its record highs and some miners are selling more coins than usual. But should investors be concerned? When the bitcoin price slips into a prolonged downtrend as it has since its record high set in late 2021, all types of investors start pointing fingers at whomever seems the most likely culprit
WITH BITCOIN PRICE SLIPPING, ARE MINER SELLOFFS TO BLAME? Read More »
Halfway through 2022, the BTC ATM installation numbers dropped 89.75% by May, followed by a swift recovery in June. Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year. The global ATM installations worldwide fell consistently throughout the year,
Bitcoin ecosystem makes a U-turn recovery in global ATM installations Read More »
KEY POINTS Tesla just filed its annual proxy statement with the SEC, revealing plans for a three-for-one stock split, and that board member Larry Ellison does not plan to stand for re-election. Tesla just filed its annual proxy statement with the SEC and revealed it plans a three-for-one stock split, and that board member Larry Ellison does not
Tesla files for 3-for-1 stock split Read More »
The world’s wealthiest individuals are also jumping on the crypto bandwagon because approximately 30% of the top 65 globe’s rich people have directly or indirectly invested in cryptocurrencies, according to a Forbes survey. Per the report: “Nearly 30% are either directly or indirectly invested in cryptocurrencies, a rate that is higher than among non-billionaire investors.” Therefore, this represents
Nearly 30% of the Top 65 World’s Wealthiest People Invested in Crypto: Forbes Survey Read More »
