With Bitcoin coming up at $7,400 this past week, more prominent public figures are expressing negative opinions on the actual viability of the digital currency. After JP Morgan Chase's CEO, Jamie Dimon, and the Chairman and Founder of Bridgewater Associates, Ray Dalio, called bitcoin a "fraud" and a "pyramid scheme", the next CEO who put…
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Bitcoin price hit a new all-time high on Friday, 3rd November, surpassing $7,400. Thus, the current total market capitalization of cryptocurrencies is around $200 billion, according to CoinMarketCap. The current total market cap of Bitcoin itself is around $123 billion, representing 62% of the total capitalization of all digital currencies. The "people's currency" was up with…
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After the numerous failed attempts for SEC to approve a series of applications for Bitcoin ETFs, investment management company, Reality Shares filed an application to the SEC for Bitcoin ETF on Thursday, 2nd November, as reported by TheStreet. The application says that the ETF is called the Reality Shares Nasdaq Blockchain Economy exchange-traded fund. According to…
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After much speculation about the direction of Bitcoin, the cryptocurrency hit a new all-time high, hitting almost $7,400, as could be seen in the graph below. There may be several reasons for that. First, there was a lot of interest in Bitcoin from traders in Japan and South Korea. Second, when CME, the largest options…
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One of the greatest investors of all time, Warren Buffet, has now mentioned several times that Bitcoin is a "bubble", an asset that does not produce any long-term value. The "Oracle of Omaha" does not seem to be very optimistic about the future and intrinsic value of Bitcoin. Buffet has warned multiple times that the…
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Iran is the next country in line that is preparing to adopt Bitcoin infrastructure, as reported by Iran’s Deputy Minister of Information and Communication Technology, Amir Hossein Davaee. Iran is known for strict financial regulations, especially when it comes to digital payment options and technological disruption. However, with the enormous spread and popularity of Bitcoin, Iran…
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After the hard “fork” that Bitcoin went through, the new currency, Bitcoin Gold, has suffered a not so positive perception, as the price of Bitcoin went down immediately after the introduction of the new product. The launch of Bitcoin Gold caused a distributed denial of service or what is called “DDoS” cyberattack. The website of…
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Bitcoin's popularity is surging up, especially now with the upcoming hard fork and the new price level it broke: $6,000. The next step for bitcoin seems logical - the launch of Bitcoin ETFs. However, the idea has been struggling and to this day, there is no approval for U.S. SEC on such a product to…
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CharityStars, the online fundraising auction platform, today announced that cryptocurrencies will be accepted on the platform for the first time. A bid of $36,000 USD worth of bitcoin awarded the auction winner with the opportunity to meet the legendary soccer champion, Cristiano Ronaldo. This marks a significant milestone for CharityStars as the company further cements its…
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After Bitcoin hit its all-time high price level at above $6,000, the slight retrace in price was expected by most. The correction is a normal course of events, since bitcoin is expected to go through a hard fork in the following week. Investors seem to be reacting normally to the bitcoin price volatility, especially when…
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