Bitcoin Weekly Price Stays in the Green Despite Tough Week

Bitcoin price has somehow managed to remain in the green over the past 7 days despite a string of unfavourable events. Regulators remain hawkish, tax authorities are tightening their grip and Facebook’s Libra is back under scrutiny again. Bitcoin Holds Fast as Regulators Swoop In on Libra, Telegram Just ahead of the weekend, the market […]

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Bitcoin Works Infinitely Better As A Medium of Exchange Than ‘Vaporware’ Libra

Bitcoin (BTC) is running into its eleventh year, while Facebook’s Libra is facing renewed difficulties, with some of the founding members of the Libra Association rescinding their positions. Libra Beleagured by Hawkish Regulators Libra set a goal to launch in early 2020, but regulatory disapproval and hawkish comments from central banks shook confidence in the […]

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FED Flooding Money Markets as SEC Blindly Bashes Bitcoin Again

So far there has been little indication that US regulators will change their harsh stance towards bitcoin and the crypto industry. Blinkered by false notions, they continue with their anti-crypto rhetoric making America one of the most highly regulated countries for crypto startups. As the Federal Reserve continues to flood US money markets with cash, […]

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Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)

China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC). Financial Monitoring and Control Anyone remotely familiar with China knows that electronic payments are already a huge part of the country’s socio-economic […]

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US Couldn’t Ban Bitcoin –

Yesterday saw yet another U.S. Senate Banking Committee hearing on regulatory frameworks for digital currencies and blockchain. Libra got another bashing, and Chairman, Mike Crapo, surmised the U.S. “couldn’t succeed” in banning Bitcoin and cryptocurrencies even if it wanted to. Good Start For Bitcoin, Bad For Facebook Crapo introduced the hearing on a positive note for […]

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Weekly Digest: Bitcoin Price, Libra Hearings And More

Yesterday, the world celebrated the 50th anniversary of the first Moon landing. But did the week’s crypto news give any indication of ‘When Moon?’ for Bitcoin? Bitcoin Price: Another Week Of Consolidation So it’s been another week of consolidation for bitcoin price, which is never a bad thing long term. Let’s have a look at […]

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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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Now Treasury Secretary Steven Mnuchin Thinks Bitcoin is a Store of Value

The crypto community is still reacting to US Treasury Secretary Steve Mnuchin’s recent commentary on bitcoin and its brethren. The asset itself reacted strongly with a 6% pump on the day and many have taken the positives from the speech, some claiming that it is ‘wildly bullish’. Mnuchin: Bitcoin as a Store of Value The […]

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President Trump’s Crypto Tweet ‘Wildly Bullish’ For Bitcoin

US President Donald Trump practically lives on Twitter so anything he tweets gets a global audience. Whether positive or negative, his tweets get noticed so a recent comment on bitcoin and cryptocurrencies, while not painting them in the best light, does reconfirm that they are now household names. Trump Not A Bitcoin Fan Presumably, in […]

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