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Bitcoin Price Continuing to Rise as Big Names Endorse It

While Bitcoin may continue its popularity among both consumers and cryptocurrency investors, it’s not just ordinary investors who have come around to the benefits of the cryptocurrency. Prominent investors and financial market movers are increasingly touting the benefits of Bitcoin, and increasing their investment positions in it. One of those prominent investors who has become a Bitcoin believer is Paul Tudor Jones, a legendary hedge fund investor. He recently professed his belief that Bitcoin right now is behaving very similar [...]

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Not Just Ordinary Investors: Bitcoin Whales Buying More Cryptocurrency

The Bitcoin ecosystem has for years been influenced by the large number of Bitcoin “whales.” These large investors are in many cases the first movers who got into Bitcoin when it was still in its early stages, taking advantage of early mining ease and low Bitcoin prices to build up their holdings. Many are the mythical “Bitcoin billionaires” who enticed many an early investor to jump into Bitcoin. Right now whales are defined as wallets that hold 10,000 or more [...]

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Will Cryptocurrencies Still Be Around in 10 Years?

Barely a decade after the introduction of Bitcoin, cryptocurrencies are gaining momentum and really entering the monetary and investment mainstream. You can now use Bitcoin, Litecoin, Ethereum, XRP, and numerous other cryptocurrencies to make purchases at hundreds of online retailers, and even at physical points of sale. You can invest in cryptocurrencies with a cryptocurrency IRA, even rolling over existing retirement assets into a cryptocurrency IRA in order to take advantage of cryptocurrencies’ growth potential. But will cryptocurrencies be [...]

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Facebook’s Libra: It’s Still Around, Just Reimagined

When Facebook first went public with its Libra cryptocurrency project, it was met with widespread disapproval from legislators and regulators around the world. The backlash was severe, with legislators threatening to hold hearings and introduce legislation to stop Libra, regulators expressing skepticism that Libra could comply with existing regulations, and even international organizations piling on against Libra. As a result, Libra has been out of the news for months as Facebook laid low. But if you thought Libra was [...]

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Will the Dutch Beat the Chinese to the Punch in Creating a National Digital Currency?

China has been beating the drums for a while about trying to create a national digital currency. The People’s Bank of China (PBOC) has proclaimed for months that a digital yuan was imminent. The spread of the coronavirus seems to have delayed those plans for a while, yet it also highlights the fact that in an era of pandemics, digital payments are going to be far preferable to cash payments. But will the PBOC get beaten to the punch [...]

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More Evidence Shows Increasing Number of Bitcoin Users

Mass adoption of cryptocurrencies is the end goal that every cryptocurrency enthusiast longs for. Since the development of Bitcoin in 2009, cryptocurrencies have been seen as a fringe concept that only the most technologically savvy can understand. Even today, with Bitcoin and cryptocurrency being familiar terms to an overwhelming majority of the population, only a small percentage of people are active users of or investing in cryptocurrency. But that may be changing. With the onset of the coronavirus, the spread [...]

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Bitcoin Volatility Drops to 3-Month Lows

One of the consistent knocks against Bitcoin, and cryptocurrencies in general, has been their price volatility. On the one hand, volatility to the upside is great for investors who can reap the benefits of huge price rises. But volatility on the downside, and the potential for big losses, is still keeping many investors from investing in Bitcoin and other cryptocurrencies. Right now, however, Bitcoin volatility has reached three-month lows, with a number of different reasons for that. One reason for [...]

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Stimulus Payments Spurring Cryptocurrency Purchases

The $2 trillion stimulus package passed by Congress was supposed to help Americans who lost their jobs to bridge the time between losing their jobs and the time when they find work again once the economy opens up again. But while many are spending their stimulus checks on food, housing, or other expenses, others are putting their money to other uses. Many who are receiving the money still have jobs, so they’re able to spend their stimulus money differently, [...]

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China Still Intent on Pursuing Digital Yuan

While the worldwide coronavirus crisis has put many a project on hold, one that is still in the works is China’s creation of a digital yuan. Many observers expected the digital yuan to have been introduced by now, but the coronavirus lockdown throughout China undoubtedly threw a wrench in those plans. Still, the Chinese central bank seems intent on bringing the digital yuan to fruition. And with fears of dirty banknotes spreading disease, the stage is certainly set for [...]

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Cryptocurrency Investors Need to Be Wary and Do Their Due Diligence

When it comes to investing in cryptocurrencies, the cryptocurrency world is unfortunately still prone to scam artists and hucksters. Just like with any investment, investors need to do their due diligence and research their investments and who they trust their money with, not just relying on a big name and a great reputation. Just look at all the people who were taken in by Allen Stanford and Bernie Madoff, trusting that the numbers they were seeing were accurate, when [...]

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