Galaxy Digital — a full-service digital assets merchant bank launched by ex-Goldman Sachs macro trader Michael Novogratz — took a financial beating in the first fiscal quarter of 2018. Rekt… The New York-based cryptocurrency-focused merchant bank disclosed its financial report for the first time this week, and the results weren’t great. As reported by CNBC, […]
Read MoreA pair of Bitcoin permabulls believes that the top-ranked cryptocurrency will reach new highs in 2018 and beyond. Human Psychology and Bitcoin Price According to Anthony Pompliano, Bitcoin will reach $50,000 by the end of 2018. In a recent tweet, the partner at Morgan Creek Digital Assets declared that the remaining months of the year […]
Read MoreBitcoin price appears to have had a change of heart as the most recent run extended as far as $8,488 before taking a moment of rest. Surely everyone is thrilled but the next question is, how long will it last? Market Overview At last! The bulls finally saw red and their long pent-up rage allowed […]
Read MoreSEC commissioner Hester M. Pierce voiced her formal disagreement shortly after the US Securities and Exchange Commission (SEC) denied the application of Cameron and Tyler Winklevoss for a Bitcoin ETF. SEC Commissioner Hester M. Pierce said in a public statement that the commission was wrong to disapprove the proposed rule change to list and trade […]
Read MoreThe Japan Virtual Currency Exchange Association (JVCEA), is set to propose margin capped trading rules, attempting to reduce the risks of the fluctuating market. Earlier in April, the 16 registered cryptocurrency exchange services in the country came together to form the Japan Virtual Currency Exchange Association (JVCEA) – a self-regulatory body designated to sanitize the […]
Read MoreIran might soon take a page out of Venezuela’s playbook by launching its own state-issued cryptocurrency. The move is occasioned by the fact that the country is set to come under renewed economic sanctions from the United States. Local Companies and the CBI Collaborating to Create a National Cryptocurrency According to local media sources, the […]
Read MoreThe sellers for a newly listed mansion in the city of Highland Park, Texas are open to taking Bitcoin for payment. The listing is just another example of a rapidly expanding cryptocurrency real estate market attracting buyers from across the world. Many industries have been expressing interest in cryptocurrencies, but those in the real estate […]
Read MoreMention cryptocurrency to many people and they imagine just one thing: Bitcoin. But the creation of Bitcoin and the blockchain has spurred the development of a wide range of crypto-asset types. In fact, there are at least seven types you should be aware of, according to the authors of Blockchain Revolution. Digital Everything Cryptocurrencies have long been likened […]
Read MoreBitcoin has now held above the critical level of $8,000 for more than 40 hours, a clear testament that this recent rally could actually be sustainable and by now all eyes are on $10,000. What’s most notable is that the break above $8,000 happened on extreme volume. Tuesday’s trading action was high across the board. Online exchanges, […]
Read MoreSupply and demand are two fundamental components of any economy, and their relationship will determine its boom or bust. Token economies are no exception. Leveraging Supply and Demand Whenever the demand for a token increases and the number of tokens in circulation decreases, the result is that the token has a higher purchasing power in […]
Read More