Overview: Facebook Libra Project US Senate Hearing

Earlier today Facebook Libra met with US Senators from the Senate Banking Committee. Here are a few highlights of note from the hearing. Facebook Libra Meets with Lawmakers Again Today Facebook answered questions from concerned US lawmakers on the Senate Banking Committee. As previously covered by Bitconist, lawmakers are worried that Facebook’s Libra cryptocurrency could […]

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Bitcoin’s Correlation to Traditional Markets Could be Problematic, Analyst –

Author and financial analyst, Timothy Peterson, believes that Bitcoin’s growing correlation to Japan’s MSCI could end badly if traditional markets sharply correct. Bitcoin Correlation in Japan’s Markets Timothy Peterson, the author of Metcalfe’s Law as a Model for Bitcoin’s Value, recently tweeted a chart comparing the MSCI Japan in USD to Bitcoin in JPY from […]

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‘Still Positive About $1 Million Bitcoin Price By 2020 End’: John McAfee

Bears showed up en masse to administer a proper beatdown to Bitcoin price today. Where do we go from here? Big Players Orchestrate a ShakeOut On Sunday bears launched a coordinated assault on Bitcoin price which resulted in the price dropping below $10,000 for the first time since July 2. By the weekly close, the […]

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Binance CEO: Retail Investors, Not Institutions, Are Leading the Bull Market

Contrary to popular belief, retail investors are still playing a major role in directing Bitcoin’s price action, says Binance CEO in a recent interview with Bloomberg. Who’s Really in Charge? As Bitcoin briefly touched $20,000 in early 2018, market analysts forecasted that the impending arrival of Bitcoin futures products, a Bitcoin exchange-traded fund (ETF), and […]

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Tether Is In The Soup ‘Again’ For Blatant USDT Issuance

On July 8 the office of the New York Attorney General submitted a report detailing Bitfinex and Tether’s alleged illegal trading and securities issuance in the state of New York. Have Tether and Bitfinex Colluded to Manipulate Bitcoin Price? A recently filed Memorandum of Law filed by the New York Attorney General’s Office (NYAG) alleges […]

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Bitstamp Unveils Bitcoin Lightning Network Node

On July 8 the Lightning Network got a huge publicity boost as Bitstamp announced that it had launched its own Lightning node. Another Step Toward Widespread Adoption On Monday Bitstamp revealed that it had launched a Bitcoin Lightning node to further facilitate the growth of Bitcoin’s Lightning Network (LN). The European cryptocurrency exchange said that […]

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Forget FUD, Day Trades; Go Long On Your Bitcoin Investment

Cryptocurrency skeptics who only focus on Bitcoin’s immediate price action are failing to see the forest for the trees. In a recently published op-ed, Bloomberg contributor Leonid Bershidsky advised investors to ignore Bitcoin’s quick ascension to $5,000 as the move was nothing more than a “blip” driven by manipulation. Throughout the article, Bershidsky questioned the […]

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Binance Coin Price Analysis: BNB Bulls Eye $37 Level

Binance Coin has seen a much needed 40% pullback stemming from the highs around 40,000sats at the beginning of June, down to current visible range support sitting at 25,000sats. Short term price action suggests we could see upwards movement that could very well propel BNB back into its key uptrend highlighted in the weekly analysis […]

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Facebook Unveils Wallet For Pseudo-Cryptocurrency ‘Libra’

Facebook has finally unveiled its cryptocurrency offering, revealing a custodial wallet and making suspicious claims about what gives it value. Facebook To ‘Make Money Better’ As Website Crashes Dubbed ‘Calibra,’ the wallet will serve Facebook’s coin, which will be known as ‘Libra’ in line with previous hints surfacing in the press in recent weeks. The […]

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