The major reason why many countries have stayed away from Bitcoin is that the Satoshi currency can be used for illegal activities such as money laundering, terrorist financing, etc. Because of its renowned "anonymity" feature through the power of blockchain, Bitcoin has often been taunted as the "terrorist money". Another way to use Bitcoin illegally…
Read more
The US sanctions have taken a toll on the Russian economy and the ruble. Just like other national currencies that experienced a sharp drop in value after the Trump's Administration issued new sanctions, the Russian ruble dropped to a 2-year low in the summer of 2018. However, a Kremlin economist now says that the negative…
Read more
India can definitely be called "anti-cryptocurrency". Indian banks are now forcing their clients to "promise" not to use Bitcoin. The regulations come from the Reserve Bank of India. Indian banks are "forcing" their clients to sign a contract that says that they will not be using Bitcoin or any other cryptocurrencies. In addition, banks in…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 7, 2019. Highlights include: Bitcoin Spikes to Over $4,000: BTC surged roughly 6.5% to over $4,000 in less than 30 minutes. BTC is trading in an overall range of $3,000 to $5,000 over the…
Read more
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for January 4, 2019. Highlights include: Jobs Report Could Spark Fed Movement: Solid US employment data released this morning eased fears of a recession, but it could encourage the FOMC to tighten monetary policy quicker, which…
Read more
Fortnite is a popular online game that was released in 2017 and developed by Epic Games. It has garnered significant interest from gamers because of its high quality interface and overall appeal. Now, the merchandise store for the game has made Monero its exclusive cryptocurrency payment. The announcement was made on January 1, 2019. The…
Read more
It is that time of year again when “wannabe” futurists try their hands at guessing what the future might bring. As we have learned from 2018, the cryptocurrency ecosphere is a fast changing tide of new ideas, new attacks from regulators and government officials, and, yes, new blockchain development projects and their respective Initial Coin…
Read more
Just like Gold and Silver in the precious metals arena, Bitcoin and Ethereum have their own unique relationship in the crypto realm. It became apparent, however, in last week’s trading that the two cryptocurrencies can diverge, causing analysts to speculate on why such a divergence took place. How much of a divergence are we talking…
Read more
Crypto enthusiasts unite! You can almost hear a rebellion a foot in the crypto world of “Hodlers”, jargon for anyone holding cryptocurrency for the long term. These folks are tired of hearing of exchange compromises and do not want to take it anymore. To raise public awareness of the issue and to determine if specific…
Read more
For the second time in the past few months, stock values have plummeted, while values for Bitcoin and its altcoin brethren have surged. There has been an ongoing debate among analysts and investors as to whether movements in the stock market can be correlated with those for cryptocurrencies. The possibility of such a “tethering” may…
Read more