Bitcoin has had a nice rally in the past week, up about 14% from its low near $6,250 to a high of $7,126 on August 28th (the time of this writing). Other altcoins have done even better. So is this it? Is this the start of the new bull run for Bitcoin? I wish I […]
If you knew which ones to buy, a handful of altcoins better than Bitcoin made eye-popping percentage gains. In the last 18 months, more than 1,000 altcoins launched through initial coin offerings (ICOs). The total wealth created is estimated at $35 billion and, on average, three to five altcoins are launched per day, globally. Yes, […]
Bitcoin price is under pressure, nearing prices seen in late 2017, just before the enormous bull run to $20,000. This is exactly what big investor want as the underlying blockchain technology gains traction across the economy. Many wealthy and famous crypto critics are likely now buyers, despite their early claims that cryptocurrencies would not last. […]
Swiss voters this past week soundly defeated a “sovereign money” initiative, a referendum which would have led a fundamental change to monetary system in the country — dramatically limiting private bank lending. Nevertheless, 25% of the country did vote “yes” on the referendum, which if approved would have ushered in a financial system similar to […]
Financial analysis company Fundstrat predicts that Bitcoin’s value could reach up to $64,000 in 2019 — a 700% increase from recent trading levels. Sam Doctor, the head of data science research at Fundstrat, made the prediction in a recently released report. While Bitcoin’s trading value is notoriously unpredictable for investors and speculators, Fundstrat bases its […]
In a surprising statement, Twitter CEO and co-founder Jack Dorsey says that he believes that in 10 years or less everyone in the world will be using Bitcoin. “The world ultimately will have a single currency, the Internet will have a single currency. I personally believe that it will be Bitcoin,” Dorsey told London news […]
Microsoft Founder Bill Gates has a lot of opinions, many direct and unflinching — as you might expect from a tech billionaire. His latest, shared in a Reddit “ask me anything” exchange: Cryptocurrencies are deadly. “The government’s ability to find money laundering and tax evasion and terrorist funding is a good thing,” he wrote. “Right […]
Craig Wright, the self-proclaimed inventor of bitcoin, stands accused of swindling more than $5 billion worth of the cryptocurrency from the estate of a computer-security expert. In 2016, Wright, an Australian, claimed that he created the cryptocurrency under the pseudonym Satoshi Nakamoto. The issues stem from Wright’s work with Dave Kleiman, a major cryptocurrency user […]
The young Russian programmer who invented Bitcoin rival Ethereum recently warned on Twitter that all crypto coins are essentially valueless. Vitalik Buterin told investors to stick to ordinary stocks and bonds instead, and only to invest in crypto what they could afford to lose. “Cryptocurrencies are still a new and hyper-volatile asset class, and could […]
Motor Cars of Georgia, a luxury car dealership near Atlanta, recently had some big names at their establishment. Quavo, a member of the rap group Migos, and NBA legend Shaquille O’Neal both just recently purchased new cars there. Along with these sales, the dealership made another historic sale when it sold one of their 2015 […]
