Bitcoin tops $10,000 for first time since February pre-halving
Bitcoin news

Bitcoin tops $10,000 for first time since February pre-halving

Bloomberg| Last Updated: May 08, 2020, 08.56 AM IST Getty Images Bloomberg Bitcoin beats coronavirus blues Bitbuddy launches bitcoin marketplace in India Bitcoin marketplace startup, BitBuddy launches in India Bitcoin slumps to lowest in a year as volatility grips Commenting feature is disabled in your country/region. Copyright © 2020 Bennett, Coleman & Co. Ltd. All…

Billionaire investor Paul Tudor Jones says he’s loading up on bitcoin (GBTC) | Currency News | Financial and Business News | Markets Insider
Bitcoin news

Billionaire investor Paul Tudor Jones says he’s loading up on bitcoin (GBTC) | Currency News | Financial and Business News | Markets Insider

REUTERS/Eduardo Munoz Billionaire investor Paul Tudor Jones is buying bitcoin, Bloomberg reported Thursday. The hedge fund manager said his fund may hold as much as a low single-digit percentage of its assets in bitcoin futures to help protect against a rise in inflation, according to the report. Paul Tudor Jones is the founder and CEO of…

Hawks investigate cryptocurrency CEO after investors cry foul
Bitcoin news

Hawks investigate cryptocurrency CEO after investors cry foul

The Polokwane Hawks are investigating a case in which several investors laid charges against the CEO of a cryptocurrency company after he allegedly sent them fraudulent proof of payment via his company, VaultAge Solutions.  VaultAge Solutions, which started in 2018, trades in Bitcoin on behalf of its investors.  Hawks spokesperson Captain Matimba Maluleke said Willie…

Bitcoin is staging a comeback reminiscent of the 2017 bubble frenzy
Bitcoin news

Bitcoin is staging a comeback reminiscent of the 2017 bubble frenzy

It’s been left for dead more than once, written off as nothing but a bubble and denounced as rat poison by one of the world’s most famous investors. Yet Bitcoin is once again staging a comeback reminiscent of the token’s glory days, with evangelists pegging their hopes on a technical event as the new catalyst….

Bitcoin Halving In 5 Days, U.S. National Debt To Hit $25 Trillion
Bitcoin news

Bitcoin Halving In 5 Days, U.S. National Debt To Hit $25 Trillion

A lady checking latest prices of Bitcoin digital currency outside Bitcoin ATM machine in Rzeszow’s … [+] Millenium Shopping Mall. A week ago, the Bitcoin (BTC) situation was looking not good, with a possibility of a further drop to $6,000 that began to circulate between traders. Now, Bitcoin appears to have stabilized and traders expect…

Bitcoin Rallied Amid a “Catastrophic Economic Event” in Big Boost to Bull Case
Bitcoin news

Bitcoin Rallied Amid a “Catastrophic Economic Event” in Big Boost to Bull Case

One of the longest standing narratives is that Bitcoin is a “safe haven asset” or “store of value,” an asset that should outperform equities and bonds when there is a recession, geopolitical tension, or otherwise abnormal events taking place that would not be defined as “good.” Although the narrative has come under fire as of…

Bitcoin’s Booming Hash Rate Ahead of Halving Signals a Serious Bull Run
Bitcoin news

Bitcoin’s Booming Hash Rate Ahead of Halving Signals a Serious Bull Run

In approximately 10 days as of this article’s writing, Bitcoin will experience its latest block reward reduction, known as a “halving.” Halvings, which take place around every four years, ensure that the number of coins issued per block gets cut in half, resulting in a 50% reduction in BTC’s inflation. Block rewards being cut in…

Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles”
Bitcoin news

Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles”

To most, Bitcoin’s rally from literal irrelevance to becoming one of the most valuable assets in the world is hard to explain. The critics say that the value of the cryptocurrency is entirely based on speculation by foolish retail investors willing to buy into what they think is a Ponzi scheme. Thus, when a quantitative…