Bitcoin News

More Analysts Expect Breakout Performance for Bitcoin in 2020

With more and more Bitcoin investment options opening up all the time, and with interest in cryptocurrencies continuing to grow each month, it looks like 2020 could be a breakout year for Bitcoin and other cryptocurrencies. A recent cryptocurrency report published by Bloomberg sets out a bullish case for Bitcoin in 2020, as unease in stock markets could send Bitcoin soaring. We saw how Bitcoin acted just like gold in response to tensions between the US and Iran. Bitcoin really [...]

January 23, 2020 By
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Bitcoin Options Trading Begins in Earnest, Sending Bitcoin Price Soaring

Bitcoin options trading began in earnest last week, with CME Group beginning Bitcoin options trading on the CME Globex exchange last Monday. While competitor ICE’s platform Bakkt has been offering Bitcoin options since December, the new competition should further enliven the Bitcoin investment markets. The Bitcoin price soared nearly 10% in the aftermath of CME’s trading start, a good sign for the health of the Bitcoin market and strength of Bitcoin demand. Data from various exchanges showed a significant increase [...]

January 20, 2020 By
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Bitcoin Sees Highest-Ever Hash Rate as Outlook for Miners Improves

Bitcoin recently set a new record for hash rate, as miners are getting back into the Bitcoin mining game. The total hash rate surpassed 119 exahashes per second (EH/s) in early January, breaking the previous record of 114 EH/s that had been set back in October. These levels are significantly greater than the levels seen at the beginning of 2019, when they were around 40 EH/s. That’s an indicator that miners are now seeing a renewed case for the profitability [...]

January 16, 2020 By
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Bitcoin’s Reaction to Iran Conflict Shows It Really Is Digital Gold

In the aftermath of the assassination of Iranian general Qasem Soleimani in Iraq, markets reacted just as many could have predicted them to. Gold and oil spiked, while stock markets slumped. But while the mainstream financial media focused on those three assets, another one made quiet gains as well: Bitcoin. Just like gold, Bitcoin spiked on the news of Soleimani’s death. In fact, in the first week of the new year Bitcoin gained over $1,000, or about 15%. That’s a [...]

January 13, 2020 By
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Security Will Remain Paramount Among Cryptocurrency Investors

It seems as though hardly a day goes by when there isn’t news of some cryptocurrency fraud or theft. Whether it’s outright theft or embezzlement of cryptocurrency, or theft by deception such as phishing or hacking, the stakes can be quite high when it comes to keeping your cryptocurrency investments safe. Cryptocurrency investors need to do everything they can to keep their assets safe. That’s particularly true if you’re a Bitcoin or cryptocurrency investor investing large amounts of money in [...]

January 9, 2020 By
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Whither the Bitcoin Price in 2020?

After the massive Bitcoin price rise in 2017, many financial analysts have categorized Bitcoin’s performance since then as disappointing. What they fail to understand is that Bitcoin was by far the best-performing asset of the last decade. And even its performance in so-called off years has been remarkable. After what for many investors was a disappointing 2019, where will the Bitcoin price head in 2020? We have to clarify that 2019 was only disappointing to investors who thought Bitcoin would [...]

January 6, 2020 By
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What Was the Best Investment of the Past Decade? Bitcoin

Now that we’re entering the 2020s, financial news websites are full of analysis of the previous decade’s market performance. And much of the coverage focuses on what were the best-performing investment assets of the past decade. But while most mainstream news sources are focusing on stocks, the best investment of the past decade was something completely different. Many of us wish we could turn back the clock and invest differently. Knowing what we know now, we would have tried to [...]

January 2, 2020 By
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Will Wyoming Help New Yorkers Invest in Cryptocurrency?

New York’s BitLicense is famously known and reviled by many within the cryptocurrency community. The hurdles it places in the way of cryptocurrency businesses means that many firms are not able to operate in New York, and risk running afoul of New York authorities if they even accidentally take on New York residents as clients. It also keeps cryptocurrency firms from gaining better access to New York’s capital markets. But that could be changing soon. It may sound weird to [...]

December 30, 2019 By
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Federal Reserve Warns of Stablecoin Threat to Global Finance

In a new report, the Federal Reserve warned that stablecoins could pose a threat to the stability of the global financial system. Unlike cryptocurrencies such as Bitcoin or Litecoin, which don’t have any asset backing, stablecoins are supposed to be backed by assets. In that way they act similarly to exchange-traded funds, only the stablecoin tokens are able to be used as currency. The problem comes if those holding the stablecoins fear that the coins are no longer backed by [...]

December 26, 2019 By
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Coinbase Cryptocurrency VISA Card Continues to Expand in Europe

We had reported earlier on Coinbase’s introduction of a VISA card in Europe that would allow consumers to use cryptocurrencies to purchase goods at point of sale. That initial experiment has become so successful that Coinbase is now expanding the number of cryptocurrencies that users can use, as well as the number of countries in which consumers can request the card. In addition to Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), and Litecoin (LTC), consumers can now also use Ripple [...]

December 23, 2019 By
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