If one were to look at the unrelated rise and fall of Bitcoin vis-a-vis internal factors within the digital assets space, the relevance of stablecoins increases. Seen as a balancing tool for the volatile world of decentralized currency, the printing, volume and change in stablecoins is often tied to the rapid price movements of Bitcoin.Continue reading “Bitcoin drop below $8,500 may be tied down to USDCoin”

The Internal Revenue Service [IRS] has changed its tune on how cryptocurrencies can be, or rather were, used to pay for taxation in transactions that occurred before 2018. According to Ally Versprille, a taxation reporter with Bloomberg, the IRS “walked back comments made earlier this week,” about a refund to cryptocurrency users. In a subsequentContinue reading “IRS changes tune on cryptocurrency-based tax payment comments”

Bakkt and CME are in agreement. The digital currency markets are unlike any other. Where other markets crave a period of stability for their investments to hold firm and gain relative ground, those in the Bitcoin market crave volatility. One of, if not the most appealing factor of the Bitcoin market, is its inherent volatility.Continue reading “Bitcoin holds firm and Futures don’t like it one bit “

Transactions on Coinbase are now subject to new confirmation requirements. Bitcoin, Litecoin among other top proof-of-work currencies will be subject to change in their network confirmations confirmed the San Francisco cryptocurrency exchange. According to a blogpost published on November 9, Bitcoin, Litecoin, Zcash and Ethereum Classic will see a change in the requirements to confirmContinue reading “Coinbase confirmation requirement changes for Bitcoin and Litecoin”

Tunisia might just beat China to the punch. If you thought the first digital currency launched by a central bank would be the digital dollar, the electronic euro or the Chinese cryptocurrency, you’d be wrong. Tunisia, it looks like, has surpassed the western and eastern superpowers, and is on the verge of issuing a digitalContinue reading “Tunisia to issue dinar-backed CBDC with Russian developers”

Whether the dollar likes it or not, the digital yuan is coming. China has staked its claim for a digital version of its fiat currency, and by the looks of things, the ambition is truly global. The digital yuan was revealed by the People’s Bank of China [PBoC] weeks after Facebook unveiled their global digitalContinue reading “China’s digital yuan will be the ‘weapon’ of de-dollarization”

In the fast-paced world of cryptocurrencies, there are very few constants. But not matter how high or low and how quick the price of Bitcoin shoots up, one thing is certain, Bitcoin Cash will not be far behind, either in price, or to bask in the spotlight. The fourth-largest coin in the market has gotContinue reading “Bitcoin Cash surges in Australia retail transactions… well, not really”

Red and Gold, not Red and Yellow. China is leading the race for the first central bank-backed digital currency. However, the term “backed,” might not be what most people expect. The People’s Bank of China [PBoC], the country’s Central Bank shocked the world when it revealed in August that it has been working on aContinue reading “China could back their digital yuan with something unexpected – Gold”

The European push for a CBDC [Central Bank Digital Currency] will begin in Berlin. After weeks of beating around the bush, a clear call for a digital Euro has come from a consortium of over 200 German banks. On 30 October, the Banken Verband, or the Association of German Banks, comprising of notable banking andContinue reading “Libra, China are threats; economy needs digital Euro: Germany’s Banken Verband”

When Satoshi Nakamoto penned the Bitcoin whitepaper 11 years ago, almost to the day, the goal was clear: Replace the existing centralized financial system with a currency of logic, not power. Traditional fiat currency, which was left broken in the wake of the financial crisis of 2008, was the main economic opposition to be replacedContinue reading “Bitcoin’s demand seems stronger with every weakening fiat”

Bitcoin created history on 25th October when it registered a surge of 40% within 24-hours, briefly pushing its price above $10,000 for the first time in 3-months. The hike came in as a huge relief for the pioneer of the cryptocurrency market, considering major indicators were suggesting strong bearish influence until then. According to CoinMarketCap,Continue reading “Bitcoin registers massive gains as coin records several bearish trend reversals”

Bitcoin has been struggling to maintain its position above $8k and any significant gain has been neutralized by a wave of market corrections. The cryptocurrency was trading at $8048 at press time after registering a rise of 1.18% on the 24-hour price chart. The total market cap of the coin stood above $144 billion. Source:Continue reading “Bitcoin price analysis: Bitcoin looks to bank on short term bullish sentiment”