Year: 2020

As the cryptocurrency universe enters 2020, U.S. lawmakers are drafting bills to provide clarity around stablecoins and offer regulations for tech companies like Facebook that might want to create their own cryptocurrencies. The draft legislation “Keep Big Tech Out Of Finance Act” was proposed on July 15, 2019 by the Democratic majority of the House Financial Services Committee. While this legislation specifically targets Libra, a new digital currency spearheaded by Facebook, the proposal aims to prevent big technology companies from operating Read more …

As the crypto community enters 2020, the CEO of the ZenGo wallet Ouriel Ohayon tweeted his new year predictions, one of which was that the price of Bitcoin will crash below $1,000. Ohayon tweeted 9 hours ago to press, “Bitcoin will crash to sub-1000 USD.” Along with his Bitcoin price prediction, Ohayon shared: “All hardware wallets will be hacked; Tron/XRP will become the most important cryptocurrency; Satoshi identity will be revealed and will be disappointing; Trump will stack sats on Read more …

2019 proved to be a positive year for the aggregated cryptocurrency markets, with Bitcoin posting a stunning surge of nearly 100%, while altcoins had mixed performance, with Ethereum (ETH) dropping marginally while XRP posted a massive 45% drop. Analysts are now noting that Ethereum could be on the cusp of seeing significantly further gains, with the strong support around its current price levels potentially allowing it to surge as much as 100% in the near-term. Ethereum Breaks Back Above $130 Read more …

Bitcoin ended 2019 with a bang, closing the year up nearly 100% from its January lows of under $4,000. Although the year was generally positive for BTC and most other cryptocurrencies, it is important to note that it is also down significantly from its 2019 highs of $13,800 that were set this past June. Analysts are now noting that 2020 is likely to be another great year for the cryptocurrency, although there is one key near-term factor that could hold Read more …

A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project. Also read: Skrill Now Lets You Swap BTC for BCH Wicrypt Users Can Earn and Spend Crypto Wicrypt allows subscribers to earn money by sharing their mobile data with Read more …

Taylor Monahan is the founder and CEO of MyCrypto. In this interview as part of The Breakdown’s end of year coverage, she argues that the level of discourse in crypto matured in 2019, with more focus on things that actually matter. That’s important, because in 2020, she predicts a major fork-in-the-road moment, where the industry as a whole could either stay on the path set out in its cypherpunk roots, or be significantly co-opted and corrupted by the entrance of Read more …

With 2019 now in the history books, looking back at the year it was a rollercoaster ride for Bitcoin traders, with the asset reaching lows around $3,000 then rallying by 350% to $14,000 before falling back down to $6,500 at a local low. However, according to one analyst, that rollercoaster ride is about to get a lot less bumpy, and probably even boring for most crypto investors and traders over the next few months, before Bitcoin breaks out and the Read more …

Ripple’s controversial native token XRP closed 2019 at a substantial loss, but according to a prominent analyst, the cryptocurrency is ready to break the bearish jinx in 2020. Crypto Michaël, a popular cryptocurrency analyst on Twitter, spoke about this on Wednesday, saying that the XRP-to-dollar exchange could undergo a massive trend reversal this year. The top crypto trader predicted a 175 percent rebound for the pair after taking cues from its historical trading data, as shown in the chart below. A Read more …

The US central bank’s effort to expand its balance sheet through a pseudo-quantitative easing program could prompt bitcoin to pursue its next bull run. Since October, the Federal Reserve has been buying $60 billion worth of T-bills every month. Moreover, the organization is purchasing another $20 billion in MBS and TSY maturity investments, alongside tens of billions in overnight repos. That has led the Fed’s balance sheet to explode by over $400 billion in about four months. But that is Read more …

Advertisment In the first month of 2020, it has been announced that several cryptocurrency events will take place in various regions of the world. The Digital Money Forum Event date: 07 – 10 January 2020 Event location: Las Vegas, USA The Digital Money Forum is a three-day conference and reception which will welcome up to 1000 delegates to discuss how various forms of digital money, including cryptos, will shape the financial space. This conference will be presenting some of the Read more …

Five years ago, the crypto community became aware of an alleged contract called the Tulip Trust. The supposed contract emerged when a few tech-based news outlets published stories on two former business partners Craig Wright and David Kleiman. According to the Tulip Trust contract story, Wright and Kleiman were ostensibly part of the group that invented Bitcoin. The trust claims that on January 1, 2020, approximately 1,100,111 BTC will be returned to Wright and now skeptics are patiently waiting for Read more …

A fall in an important Bitcoin-related metric with ties to overall crypto market sentiment over the past couple of weeks, suggests that recent price action across the crypto market has traders and investors increasingly fearing that the bottom isn’t in for Bitcoin, and may be adjusting their expectations and preparing positions in anticipation of the market falling further into the downtrend. Are Crypto Traders Reconsidering That The Bottom Is “In?” Crypto traders and analysts will use any information or statistics Read more …