The extremely bullish prediction of John McAfee that Bitcoin (BTC) will reach $1 million in 2020 could be based on how the asset’s price action developed during the 2013-2014 boom. Bitcoin Rose on Mt. Gox Activity Back then, BTC picked up in earnest, posting its first-ever four-digit price. Bitcoin price moved up from the $100 range, bouncing to above $1,030. The Reddit thread that suggested the similarity looked purely at BTC charts to arrive at this conclusion. At this point, it is uncertain if the chart pattern would repeat. Still,…
Read MoreMonth: October 2019
Cryptophyl Exchange Reveals Fiat On-Ramp to SLP Token Ecosystem
The London-based exchange Cryptophyl is a trading platform focused on the Simple Ledger Protocol (SLP) and bitcoin cash (BCH) ecosystem. On October 29, the exchange announced the launch of the first fiat on-ramp to obtain well-known SLP tokens. Also read: Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq Purchasing SLP Tokens With Fiat Cryptophyl.com has revealed the public can now purchase SLP tokens using fiat via credit cards, debit cards, and Apple Pay. The Cryptophyl team is collaborating with the payment processor Moonpay in order to facilitate…
Read MoreLibra: Should Zuckerberg Thank Xi for Creating FOMO?
Last week, Chinese President Xi Jinping praised blockchain while the congress passed a new cryptography law in a bid to develop a state-backed digital currency. Crypto enthusiasts expect that China’s revival will convert into a big hope for Libra amid general FOMO. Xi’s Comments Are a Breath of Fresh Air for Libra Primitive Ventures Co-Founder, Dovey Wan, claims that the comments made by Chinese president might give some chances for Libra, the Facebook-backed stablecoin that faces hurdles from regulators at home. Zuck should send thank you letter to Xi as…
Read MoreBitcoin Time-Traveller: Not Really From The Future, Shock!
The Bitcoin Time-Traveller has returned, so what further information about the future can he bring? Turns out, none… as he reveals himself to be just some guy with a beef about Bitcoin. Oh, and also, Quantum computing isn’t at risk of breaking Bitcoin any time soon, so chill out! “I Am [Not] A Time-Traveler From The Future” The Time-Traveller story is one of the most endearing in Bitcoin’s canon of out-there conspiracy theories, even resurfacing on Hong Kong national TV, being explained by a former beauty-queen. It emerged from a…
Read MoreJack Dorsey Invests in Crypto ICO Platform CoinList
Twitter CEO Jack Dorsey is expanding his cryptocurrency involvement by backing crypto initial coin offering (ICO) exchange platform, CoinList. Dorsey, who also heads San-Francisco payment service Square, is a noted bitcoin bull who maintains that the top-ranked crypto will eventually become the de facto currency of the internet. Twitter Chief Backs AngelList Spin-Off According to the Wall Street Journal (WSJ), Dorsey took part in the latest CoinList funding round which reportedly raised $10 million. CoinList, established in 2017 as a spin-off of AngelList, is an ICO exchange platform that initially…
Read MoreWill Bitcoin Mirror Tom Lee’s Bullish Stance on S&P 500?
Fundstrat co-founder and bitcoin analyst Thomas Lee has confirmed his belief that 2019 may be the start of a new bull market for the S&P. Will this hold true for BTC too? Analysis by Thomas Lee Confirms S&P Bull Market This Monday, the Fundstrat co-founder tweeted out his analysis of the state of S&P 500. Despite weakening global growth, increasing uncertainty surrounding trade wars and backlash against big tech companies, the S&P 500 closed at a new all-time high. S&P 500 closed at a new all-time high and given the…
Read MoreAvalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq
Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters. Also read: 4 New High-Powered Bitcoin Miners Revealed Canaan Files for US IPO Canaan Inc., a holding company that owns China-based Canaan Creative, filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on Oct. 28 for an…
Read MoreMore Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
The global economy seems to be heading toward a financial crisis fueled by central planners that could devastate markets worldwide. This year onlookers are witnessing the largest synchronization of central banks printing massive amounts of fiat or participating in other forms of stimulus. The central banks’ easing policy hasn’t been this colossal in nearly two decades as the M1 money supply has touched an all-time high. Also read: Why Central Banks Are Not Designed for Democracies Expect More Easing as Central Banks Continue Fighting the Fires They Started The central…
Read MoreWhy a VPN Is the First Layer You Should Pull On When Browsing the Web
Virtual private networks (VPNs) can be useful for all kinds of things, from streaming foreign sports to protecting your identity from heightened online surveillance. For cryptocurrency users, VPNs are particularly precious, providing access to exchanges that are geo-restricted, and enabling crypto activities to be completed on the web without leaving a privacy-betraying footprint. Also read: Stealth Miners on the BCH Network Attract Scrutiny The Rise of the VPN Virtual private networks can be traced back to 1996 when a Microsoft staffer conceived a peer-to-peer tunneling protocol (PPTP). In many ways,…
Read MoreBitcoin Cash (BCH) Halving Will Be ‘Catastrophic’
The Bitcoin Cash (BCH) halving arrives in roughly 161 days, a slightly shorter term than Bitcoin’s halving date. Dan Held from Kraken expects the event to spell doom for the BCH network. Bitcoin Cash Halving Arrives Ahead of Schedule While the halving is seen as a period of favorable price action for BTC. However in the case of Bitcoin Cash, the prediction is that the halving will be a disaster. So far, the BCH network has no historical record of going through halvings, so the price action of BTC may…
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