According to UBS Global wealth management’s chief economist, Paul Donovan, crypto-currencies are almost about to outlive their usefulness, and it is indeed time to do away with the coins. UBS’ Paul Donovan is known for not being crypto’s biggest fan…
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The hard fork: Why Bitcoin SV never stood a chance against Bitcoin Cash
The crypto community was set for a clash of titans prior to the hard fork which was scheduled for the 15th of November 2018, with the two subchains of Bitcoin Cash, Bitcoin Cash ABC and Bitcoin Cash SV taking the…
Bitcoin, Ethereum and bitcoin cash soar as the crypto market recovers
The crypto market seems to be recovering from a turbulent season as major coins soar in price. The valuation of the crypto market over the past 24 hours has been estimated at $127 billion up from $115 billion with most…
Bitcoin Price to Stay Range-bound For the Next 3 to 6 Months According to Civic CEO Vinny Lingham
The CEO of identity management startup, Civic, Vinny Lingham, said that he expected the Bitcoin prices to be stuck in a range for the next 3 to 6 months. In an interview with CNBC’s “Fast Money”, Lingham suggested that the…
“Crypto Markets will Rebound Next Year” According Galaxy Digital’s Mike Novogratz
The crypto-markets have looked grim throughout 2018, with investors seeing most of their crypto portfolio stuck in the red. Things are set to change soon though according to ex-Goldman Sachs partner and Galaxy digital founder, Mike Novogratz. Mike is off…
Bearish bitcoin: what to expect in price!
Bitcoin has had a very turbulent season which has seen it struggle to thrust past the $5000 support level without much success. Over the past seven days, the leading crypto asset has struggled to sustain above the $4000 support level…
The IMF Backs Further Exploration of State Backed Digital Currencies
The chairman of the international monetary fund (IMF) Christine Lagarde has encouraged the exploration central bank of digital currencies (CBDCs) amid declining demand for cash and an increased demand for virtual money. Speaking at the Singapore Fintech festival, Lagarde said…
Norway Scraps Electricity Subsidies for Norwegian Bitcoin Mining Firms
Aftenpost, Norway’s largest newspaper, has confirmed that the Norwegian government will stop giving electricity subsidies to crypto mining firms in the country. Bitcoin mining firms in the country had been paying a lowly $0.05 per kilowatt which will soon rise…
Survey Shows that Bitcoin’s use as a Payment Option has Declined in 2018
A chainanalysis study cited by Reuters this past Tuesday shows that the commercial use of Bitcoin (BTC) has dropped considerably this year. Chainanalysis reportedly conducted a survey on 17 Bitcoin payment processors in preparation for the study. The survey showed…
Bitcoin (BTC) Ahead with Gains: Drops Back Again with Another Dip
Bitcoin, the first and the original cryptocurrency, has seen its lowest price in 2018 by declining to 4,446$ and at one point going even slightly below the initial price. The crypto was able to take a brief pause with the…