From a fundamental perspective, Federal Reserve chairman Jerome Powell has stated publicly that he is willing to keep the printing presses running, doing whatever it takes to prevent prescribed “lockdowns” from destroying the economy, historically a good sign for Bitcoin. It has been a good sign for stocks too, as the S&P 500 has rallied…
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When we last reported on Silvergate’s successful IPO in November of last year, it opened at $12 per share, but some shares had risen to as high as $16. Due to the current economic climate, share values had fallen to nearly $14, but after its favorable Q1 report, shares increased 10% to $15.75. The bank…
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Centralization concerns raised in the Bitcoin community One of the strengths of the Bitcoin network is that its mining interests are so widely distributed. For that reason, Bitcoinists often tout that they are the most secure network in Crypto-Land. This claim, however, is not an absolute by any means. Bitmain and its subsidiaries have at…
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What about the new week to come? With squeeze victims licking their wounds, no one is suggesting a major downward movement over the next few days. If there is a consensus, it is that Bitcoin will continue to grind slowly upwards, but it will encounter formidable resistance below the $8,100 level. Insiders claim there is…
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ICE Chairman and CEO Jeffrey Sprecher moved quickly via an internal all-hands meeting to name an interim CEO, a man chosen from the ranks of the organization and one who had worked on the firm’s 2013 acquisition of NYSE Euronext. David Clifton, vice president of M&A and integration at ICE, will replace Blandina at the…
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Whatever the true reasons are for investors rushing to buy stablecoins, $9 billion could easily purchase over one million Bitcoins, but times have changed, as has the makeup of investors and how they prefer to operate. Gone are the times when miners were the major owners of this convenient tool, when the market could anticipate…
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The fraudulent Ripple scams portray Garlinghouse, seemingly inviting the public to participate in an “XRP” cryptocurrency token giveaway. By forwarding a small sum, the unwitting victim is guaranteed a good chance of winning an even larger fortune, but as you would expect, the crooks disappear with their ill-gotten loot. Bill Gates and Richard Branson have…
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Crypto enthusiasts generally object to these findings, preferring to discuss Bitcoin’s “store of value” concept as an evolving characteristic. Cryptoglobe noted that Charles Hayter, Co-Founder and CEO of CryptoCompare, a leading crypto market data provider, had said: “Its risk-off across the markets -- Bitcoin is still novel, and is great as a means of transferring…
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What about those hidden clues that point to Bitcoin’s potential future? Analysts at Cointelegraph have focused on the $7.6 billion that currently is sitting on the sidelines, stored in various stablecoins and just waiting to jump into the fray. Are these funds waiting for the halving event to have its greatest impact on prices or…
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Initially, the Libra network will operate with four stablecoins, based upon the U.S. Dollar, the English Pound, the Euro, and the Singapore Dollar. The composite Libra Coin will be pegged to these four currencies by a formula endorsed by the IMF to conform to its structure of drawing rights. This major change will greatly enhance…
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