Everyone who is still in the crypto market remembers when the Chicago Mercantile Exchange (CME) launched Bitcoin futures on 17 December 2017, that day the price of Bitcoin hit the top at $20,000 and after that started the downside, a downside that has kept going a year. Today, the price of Bitcoin is $3,600 and bears are still in charge. The launch of the Bitcoin futures on CME and the intense fall in Bitcoin’s price isn’t a coincidence. The paper Bitcoins being printed on CME are suppressing the bitcoin price. Doing this CME is increasing their role to set the … Read the rest
The U.S. Dollar could fall soon by 30% in a massive sell-off that will make it look like the Turkish lira says Ray Dalio, the Billionaire hedge fund manager in an interview for Bloomberg. He adds that the U.S. economy has no more than 2 years until it takes the downturn with the government printing money to cover the deficit resulting in the dollar plunge.
According to the founder and Chairman of Bridgewater Associates, the largest Hedge fund in the world, the U.S. economy is about to face a big inflationary depression in the next 2 years which will … Read the rest
During the 2018 bear market where bitcoin price plunged more than 80% from the ATH in December 2017, Bitcoin difficulty has been increasing steadily. Now seems that time came for the difficulty to feel the drop like all the cryptocurrency ecosystem.
According to data from Blockchain.com, the drop is by 15% in hash rate and mining difficulty. The hash rate is the total computing power in the bitcoin network and the difficulty is how easy is to mine a block.
Many speak about bitcoin death spiral in case miners stop mining bitcoin. But bitcoin by design is coded in a … Read the rest
The French movement (Yellow Jackets) and many people which are protesting from several days seem to be a decentralized movement which has no leader, no framework, no people in charge to be intimidated or crush the movement. Does this remind you about something? Maybe they got inspired by Satoshi and Bitcoin!
The protest in Paris is an interesting development in the world economics. People have enough of the inequality created by governments doing bad monetary policies.
… Read the rest
The protests in Paris are an interesting development for economic inequality around the world.
People are fed up with governments using the
Three new cryptocurrencies have been listed recently on Coinbase, 0x, BAT and ZEC. All resulted in pumps and dumps as usually happens and there is no surprise to that. But it is important to point to a new thing tied to this new listing on Coinbase and it is that new listings are being paired only by USDC and this thing may raise many questions.
Stablecoins are trying to overcome Bitcoin’s dominance
Over the second half of November, the cryptocurrency market has experienced the most terrible sell-off in all 2018 as the bitcoin price plummets to $3,700 territory.
Jake Chervinsky, a litigation attorney at Kobre & Kim, commented that while individual investors are panic selling in the cryptocurrency market, institutional investors are accumulating bitcoin over OTC markets without drawing too much attention.
… Read the rest
“Investors, with bitcoin trading under $4,000: Retail: ‘should I sell and buy back lower? should I open a short? should I just give up? is it going to zero? was this whole crypto thing a scam after all?’