Bitcoin, similar to gold, is a good hedge against global uncertainties like trade wars. That’s according to a lengthy working paper out from the Department of Economics of the University of Pretoria, “Is Bitcoin the New Digital Gold? Evidence From Extreme Price Movements In Financial Markets.” The paper tests a popular claim in the media…
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Bitcoin and cryptocurrency have this year successfully provoked central bankers and governments to take digital currencies seriously—though many remain skeptical. The bitcoin price, which has failed to return to its all-time highs set in late 2017 despite a late December rally, was given a substantial boost in the first half of this year by social…
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Bitcoin and cryptocurrency has had a mixed year—fears over a regulatory crackdown have risen, though the bitcoin price has doubled over the last 12 months. The bitcoin price, which started the year at around $3,500 per bitcoin, soared to well over $10,000 this summer before crashing back to trade around $7,000 amid fears Facebook’s planned…
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Everything from high costs to security vulnerability can be mitigated. Crypto mining is the process of releasing cryptocurrencies into a network by completing a given set of mathematical computations. And just like any other mining industry — gold, data, etc.– it comes with a unique set of challenges. For the uninitiated, cryptocurrencies are underpinned by…
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Cash may be king, but digital money fans aim to overthrow it. Stablecoin, a type of cryptocurrency linked to real assets, is gaining powerful backers in technology and finance who hope to seize a crucial role in global trade and the economic world order. Unlike Bitcoin, Ethereum and many other digital currencies, stablecoins have backing…
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A single mysterious player on the cryptocurrency exchange Bitfinex appears to have massively manipulated the price of Bitcoin in 2017, a new academic paper claims. The peer-reviewed study is an updated version of a 2018 paper investigating if a stablecoin called Tether influenced the values of the cryptocurrency Bitcoin during its unprecedented boom back in…
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Blockchain – The recent rise and fall of Bitcoin (slight uptick recently), should give you pause for thought and help you understand where the real potential might be. While the future potential of secure digital payments through crypto currency remains to be seen, the focus should be on building blockchain based platforms and marketplaces. The…
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PAYPAL DOESN’T WANT TO MISS OUT ON BLOCKCHAIN AND CRYPTO REVOLUTION According to John Rainey, PayPal’s chief financial officer, cryptocurrencies and blockchain technology could be disruptive and the financial services firm doesn’t want to miss out: We have teams clearly working on blockchain and cryptocurrency as well, and we want to take part in that…
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