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Congress Taking a Serious Look at a Digital Dollar

One of the big questions in the cryptocurrency world is how soon governments will create their own cryptocurrencies, digitizing their fiat currencies, or whether they will embrace cryptocurrencies at all. While some countries such as Venezuela have created their own cryptocurrencies for specific purposes such as evading sanctions, and China is reportedly still in the midst of developing its own cryptocurrency, large nations and currency blocs such as the US, UK, Japan, and the Eurozone still are hesitant to [...]

April 6, 2020 By
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Huge Amount of QE Will Push Cryptocurrency Prices Higher

If you thought 2008 saw a huge amount of monetary easing, you haven’t seen anything yet. In the aftermath of the financial crisis, the Fed increased its balance sheet from about $800 billion to nearly $4.5 trillion. But that increase didn’t occur overnight, it took years to build up to that level. What the Federal Reserve is doing now almost beggars belief. The Fed has pledged up to $5.5 trillion in funding for repo markets, a sum that’s greater than [...]

April 2, 2020 By
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Cryptocurrency Exchanges Seeing Record Traffic and Trading Volume

With the recent turmoil in financial markets, cryptocurrency prices saw much the same roller coaster movements as stocks, gold, and numerous other assets. Those price movements, which included significant bouncebacks from lows, resulted in record traffic and trading volume on numerous cryptocurrency exchanges, proving that not only is there still significant interest in cryptocurrencies, but that interest in cryptocurrencies continues to grow. Coinbase in particular saw greatly increased traffic, processing over $2 billion in cryptocurrencies on some of the worst [...]

March 30, 2020 By
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Cryptocurrency Payments Increasing as Coronavirus Spreads

While brick-and-mortar businesses such as restaurants may be hurting significantly as the coronavirus spreads across the country, online businesses or businesses with an online presence are seeing massive increases in orders. Just try to buy something on larger sites such as Walmart or Amazon and you’ll find that it might take one to two weeks to have your goods delivered, particularly if they’re essential goods like toilet paper, diapers, or face masks. But it isn’t just large sellers that [...]

March 26, 2020 By
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Bitcoin Options Trading Falling: Is That Good or Bad?

In recent weeks markets around the world have been going nuts. Stocks have plummeted, safe havens like gold and silver have also dropped, oil continues to sink, and cryptocurrencies are joining them. It seems like investors and savers around the world are eschewing any sort of investment or hard asset and fleeing for the safety of cold, hard cash. It isn’t just cryptocurrency prices that have seen declines – cryptocurrency trading too is drying up, particularly options trading. Bitcoin futures [...]

March 23, 2020 By
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Exchanges vs. Custodians – What You Need to Know

Those who want to invest in cryptocurrencies often may not know how to go about doing so. There are undoubtedly many cryptocurrency investors who hit it big in the early days of cryptocurrencies just trading on standard exchanges such as Mt. Gox, keeping their assets in online wallets or stored at exchanges. In the early days of Bitcoin, bitcoins were worth so little that it didn’t make much economic sense to store cryptocurrencies in any special manner. With the rise [...]

March 19, 2020 By
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Cryptocurrency Losses Demonstrate That They’re a Real Safe Haven

The fact that Bitcoin, Ethereum, and other cryptocurrencies have suffered big losses in recent days due to the stock market turmoil is a sign that they are becoming real safe haven assets. Yes, you read that right. You might have expected them to increase in value while stock markets were plummeting, but that just isn’t how safe havens work. In the long run, safe havens will outperform stock markets. But in the short term they often suffer the same losses. [...]

March 16, 2020 By
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Coinbase Becomes First Cryptocurrency Firm to Become VISA Member

In a move that could lead to a dramatic increase in cryptocurrency usage in the United States, Coinbase recently announced that it had become the first purely cryptocurrency firm to join Visa. Coinbase has already issued VISA-branded debit cards in the UK and throughout Europe, and this new move could be the first step Coinbase needs to take in order to issue similar cards in the US. Many credit and debit card users may not realize it, but Visa doesn’t [...]

March 12, 2020 By
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Cash and Coronavirus: Will Cryptocurrencies Benefit?

With the spread of the coronavirus around the world, many people are taking every precaution they can to minimize their risk of contracting the virus. And now the World Health Organization (WHO) has pinpointed one particular thing that has perhaps helped the virus spread so far and wide: cash. We’ve probably all heard the stories of how cash is full of bacteria and foreign particles, from fecal particles to viruses to remnants of cocaine and other drugs. But no one [...]

March 9, 2020 By
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BitPay Expanding Into Point of Sale

Payment provider BitPay is well known in the cryptocurrency world for offering payment services to those who would accept cryptocurrencies as a means of payment. With many vendors and even governments wanting to accept cryptocurrencies as payment, but fearful of losses, BitPay offers them the opportunity to accept cryptocurrencies as payment, converting those payments instantly into fiat currency. It will be payment systems providers such as BitPay that will be crucial in the future growth of cryptocurrencies, as the [...]

March 5, 2020 By
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