Month: September 2019

Morgan Creek Digital co-founder and serial bitcoin bull, Anthony Pompliano, said that he would tokenize the dollar immediately if he was the US government. This is the only way that it might retain its status as a world reserve currency, he suggested. However, he still thinks that people will ultimately choose bitcoin, as a currency which the government can’t control. Tokenise To Retain Global Reserve Status Pompliano was speaking during an appearance on CNBC’s Squawk Box. Someone asked how bitcoin will retain its property as a store of value when…

Bitcoin price deepened losses just as the third quarter was heading to a close. With the latest crash to $7,800, down from recent levels above $10,000, BTC is on track to log the worst third quarter since 2014. Q3 Most Likely Wiping Out 24.99% of BTC Prices Looks like we are not going to get a green Q3 – good news it’s almost over! pic.twitter.com/1ITwdJPOtR — skew (@skew_markets) September 27, 2019 Historically, BTC has performed significantly worse in comparison to other time periods. BTC prices reached their yearly peak so…

The stablecoin USDC has established itself pretty well within the crypto ecosystem, with its first completed year. USDC was launched in September 2016 and quickly gained ground as one of the more influential dollar-pegged coins. USDC Stablecoin Marks Fastest Growth Pace Happy birthday $USDC! In 12 months, $USDC is now the second most popular stablecoin supported by over 100 companies worldwide, and has recently surpassed $1 billion issued. All in less than a year. https://t.co/janUouyfTb — Coinbase (@coinbase) September 26, 2019 Over the past year, USDC reached a total supply…

South Korean crypto exchange Upbit announced on Wednesday that it would make some changes to its crypto offerings. It is likely that the Korean crypto exchange operator will end the partnership with US-based Bittrex. Upbit Might Temporarily Suspend Support for Several Coins On September 25, Upbit said that it would restructure its crypto services starting from October 25. The date coincides with the end of the current agreement with US-based crypto exchange Bittrex. Thus, it seems that Upbit is not planning to renew the contract. For the last two years,…

You have to love it when the mainstream press talks about Bitcoin. Bloomberg broke the news that Venezuela has Bitcoin and ‘doesn’t know what to do with it’. Bitcoin as a Central Bank Reserve They also go on to say that: Venezuela’s central bank is running internal tests to determine whether it can hold cryptocurrencies in its coffers. They needn’t bother. Someone should give them a heads up. Bitcoin and other cryptocurrencies are digital assets and don’t exist in physical form. Their coffers would be pretty empty unless they plan…

Morgan Creek Capital Management CEO Mark Yusko says the daily volatility in the bitcoin price shouldn’t matter to investors with long-term views. Short-term Bitcoin Price Action is Irrelevant Speaking to CNBC on Thursday (September 26, 2019), Yusko touched on the current bitcoin price decline, saying: The daily price of bitcoin doesn’t matter. It has been alive for 10 years [and] in every year, other than once — 2015, it has made a higher low. The market cap has grown every single year. Don’t hold your breath in hopes of a…