The American-Sino trade war initiated by President Trump in late 2017 was roiling the global economy long before the coronavirus pandemic struck. Between 2018 and 2019, the United States imposed tariffs on more than $550 billion worth of Chinese goods. China retaliated by imposing tariffs on $185 billion worth of American goods. Trump’s trade war […]
Coinbase is arguably one of the best-known and largest cryptocurrency exchanges in the world, along with Binance. Recently, there’s been a rumor about Coinbase preparing for an initial public offering (IPO) later this year or early next year. Only a few years ago it was incredibly difficult to buy and sell cryptocurrencies. Exchanges were small, […]
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. […]
Nobel Peace Prize winning economist Robert Shiller is no fan of Bitcoin, once saying that the cryptocurrency represents a bubble soon to burst. Now Shiller has changed his tune. Bitcoin is still a bubble, he says, but it’s one that potentially might never burst. “I’m interested in Bitcoin as a sort of bubble. It doesn’t mean […]
A Goldman Sachs-backed financial technology company Circle just got deeper into the game by purchasing cryptocurrency exchange Poloniex. The deal is reportedly worth $400 million, according to Fortune’s Robert Hackett. Circle facilitates cryptocurrency trades worth a couple hundred million dollars in its market-making arm Circle Trade. Poloniex said that its team would be bolstered by […]
On Jan. 29, two Hong Kong market authorities, the Financial Services and Treasury Bureau (FSTB) and the Investor Education Centre (IEC) joined together to launch a massive educational campaign on cryptocurrencies on the Chinese island. The campaign will give emphasis on the risks associated with initial coin offering (ICO) investments and cryptocurrency trading. The campaign […]
