Fed Chairman Powell: Bitcoin Is A Store of Value Like Gold

Cryptocurrencies took the center stage again during Federal Reserve Chairman Jerome Powell’s second day of testimony before the U.S. Senate. Today, lawmakers expressed their concerns about the threat that bitcoin and other cryptocurrencies pose to the financial system, including the possible challenge of bitcoin replacing the U.S. dollar as the world reserve currency. Powell: The […]

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The Federal Reserve Could Be Helping Bitcoin to $100K –

Many factors are contributing to Bitcoin’s renewed trajectory towards its USD 100,000 target. One of them is increasingly gaining prominence: The U.S. Federal Reserve. Fed Interest Rate Cuts to Weaken Dollar and to Strengthen Bitcoin The U.S. Federal Reserve’s latest moves might be unintentionally propelling Bitcoin to new 2019 highs with renewed impetus. On Jun […]

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Bitmain Allegedly Looking for $500 Million in Upcoming U.S Share Sale

According to Bloomberg sources, Chinese Bitcoin mining giant, Bitmain Technologies Ltd, is looking to launch an initial public offering (IPO) in the U.S, to raise $300- $500 Million. Bitmain Reportedly Planning U.S IPO New 2019 price highs, renewed optimism, and other indicators show that investment in Bitcoin mining is about to be as profitable as […]

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Hong Kong Protests Could Boost Bitcoin as Wealthy Move Assets Offshore

Bitcoin could be boosted by the current political unrest Hong Kong as the upper and middle classes are reportedly starting to move their assets offshore. Hong Kong Begins Moving Wealth Offshore Fears over the hated extradition bill, whose introduction the Hong Kong government has only suspended but declined to withdraw, are causing the wealthy to […]

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Uber IPO: Cryptocurrency Will Be a ‘Huge Beneficiary’

Uber Technologies Inc. expects a valuation of about USD 100 billion when listed on the New York Stock Exchange. Large IPOs such as Uber’s and others could bring spectacular benefits to the crypto industry. At the same time, business solutions allowing Uber users to pay with Bitcoin are now moving to center stage. Uber IPO: […]

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IMF: ‘Financial Inclusion’ Will Boost Global Economy (As Long as It’s Not Bitcoin)

The International Monetary Fund warns that global growth is slowing to its lowest rate since the financial crisis. But while it urges financial inclusion, don’t expect the IMF to embrace Bitcoin anytime soon. Lowest Economic Growth Since Financial Crisis After performing a downward revision, to the lowest since the financial crisis, the International Monetary Fund […]

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Bitcoin Miner Says Solar Energy Cuts Mining Costs By 75%

Market conditions and electricity costs have substantially lowered cryptocurrency mining profitability. As a result, big and small-scale cryptocurrency miners are forced to turn to renewable energy to reduce operational mining costs.  Future of Crypto Mining Lies in Solar Energy Cryptocurrency miners have been trying to lower their costs since the advent of Bitcoin (BTC). Now, […]

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US Regulators Should Give Bitcoin Some Breathing Space

The voices of a growing number of influential politicians and innovators are more loudly proclaiming the importance of preserving the United States’ supposed lead in the cryptocurrency industry.  ‘The US Cannot Afford to Lose Its Place as the Front-Runner in Crypto’ The importance of maintaining world technological supremacy is gaining momentum. In the United States, […]

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Antalya Homes Accepts Bitcoin for Property Sales in Turkey

All over the world, the real estate industry is taking note of how profitable it is to sell real estate with Bitcoin. For example, leading Turkish real estate agency Antalya Homes reports that it sold nine properties using Bitcoin as payment in 2018.  Buying Real Estate with Bitcoin Allows Buyers to Avoid Transaction Friction Losses […]

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