David

Winklevoss Twins – Bitcoin is Going in the Right Direction The story of Bitcoin has been nothing short of a rollercoaster. The asset had to ensure several years of relative obscurity before finding fame in a 2017 boom and crashing right back down in 2018. However, the world’s most popular asset is back, and Bitcoin trading is now pegged at over $10,000 a token. With a healthy 200 plus percent climb in 2019 alone and all of the momentum in…

Bitcoin {BTC} breaches the 10.5k mark – Switzerland and U.S. politicians meet following release of LIBRA After bears had brought BTC all the way down to $10,000 a trend reversal occurred. This had helped Bitcoin rally along with the majority of the altcoins. Once again, Bitcoin proved its worth over Gold [in spite of the latter facing much less volatility], which indicates that Peter Schiff along with the rest of the “Gold Barons” is wrong. However, BTC has a long…

Bitcoin (BTC) Price Testing Last Line Of Defense With Positive Bias Bitcoin price is showing positive signs and settled above $10,000 against the US Dollar. The price is now trading near the key $10,400 resistance area, which is preventing gains. Yesterday’s highlighted important bearish trend line is acting as a solid resistance near $10,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely setting up for the next key break either above $10,500…

China Plans to Introduce New Crypto to Rival Bitcoin, Say’s Analyst An influential officer of the PBoC at the meeting of China finance 40 groups had declared China’s intention to introduce a sovereign crypto asset. The declaration of this proposed introduction is unexpected at this time due to the ongoing currency war and trade dispute with the U.S.   China’s Progressive Crypto Route Mu Changchun, the deputy director in the payment and settlement division at the PBoC had declared during…

EU Antitrust Regulators Scrutinise Facebook’s “Cryptocurrency” Project Facebook’s Libra project has been questioned by European Union anti-trust regulators. They are concerned about the project, popularly referred to as a cryptocurrency, restricting competition. Libra has been subject to immense scrutiny already from global policy and law makers. In fact, the company recently admitted that the regulatory pressure might force it to postpone or even cancel the project altogether. Facebook’s “Cryptocurrency” Ambitions Draw Yet More Regulatory Attention Almost as soon as the…