Worldwide spending on blockchain solutions is expected to hit almost $16 billion in 2023, IDC’s latest report reveals. Worldwide spending on blockchain solutions is expected to hit almost $16 billion in 2023. A new report published on Aug. 8 by United States-based market research firm International Data Corporation (IDC) forecast that overall spending on the […]
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Grayscale suggests that Bitcoin is a hedge against economic turmoil, using the US-China trade war as a case study. Grayscale Investments, a digital assets investment firm that offers Bitcoin (BTC) trust shares, has published a case study on how BTC could be used as a hedge against financial instability. The firm used the case of […]
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Overstock subsidiary tZERO is scheduled to open trading options on its security tokens up to the public in four days. Retail giant Overstock’s blockchain subsidiary company, tZERO, plans to allow the public to trade its security tokens in four days. Saum Noursalehi, CEO of tZERO, shared the announcement with CoinDesk, per a report published on […]
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Former richest man in Brazil has been arrested on suspicion of money laundering through Bitcoin trading in his wife’s name. Wealthy businessman Eike Batista has been arrested by federal police on account of suspected money laundering, which they believe he achieved by trading Bitcoin (BTC) on his wife’s behalf. The details of Batista’s arrest were […]
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The crypto market is mostly in the red, although losses appear to be relatively minimal. Thursday, Aug. 8 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are all seeing minor losses at press time. Market visualization. Source: Coin360 Bitcoin is trading a little over $11,700 with a 0.2% loss on the day. The top […]
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Global monetary easing will continue pushing Bitcoin price higher, analysts say. China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for […]
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Multiple hints are converging to suggest that the trajectory of Bitcoin price in the short-term is up, not down. Bitcoin (BTC) price was heading back towards $12,000 Aug. 8 as the largest cryptocurrency remains a firm buy, even at higher price levels. Market visualization. Source: Coin360 Bitcoin price bulls forecast further growth Data from Coin360 […]
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Investors looking for an escape from yuan devaluation are flocking to Bitcoin as well as traditional fallbacks, says Chris Reinertsen. Bitcoin (BTC) really does function as a safe haven asset in 2019, another source has told mainstream media as the United States–China trade war rages. Bitcoin increasingly important amid economic uncertainty Speaking to Forbes in […]
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An investment banking strategist for BMO says Bitcoin has shown a lot of volatility, and it is too soon to call it a safe haven. Brian Belski, chief investment strategist at the investment banking company BMO Capital Markets, said that he thinks it is premature to call Bitcoin (BTC) a safe haven from economic turmoil. […]
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Most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as Bitcoin briefly spiked above $12,000. Wednesday, Aug. 7 — Most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as Bitcoin (BTC) briefly broke the $12,000 mark and subsequently fell. Market visualization […]
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