Tag: bitcoin

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Bitcoin Can Hit $50K in 2020 ‘Very Easily’ — Nexo CEO Tells Bloomberg

Bitcoin is making the U.S. dollar look like the German papiermark of the 1920s, says Antoni Trenchev as BTC/USD hits $7,300. Bitcoin (BTC) can “very easily” hit $50,000 during 2020, the CEO of one cryptocurrency industry business has told mainstream media.  In an interview with Bloomberg in Berlin on Jan. 3, Antoni Trenchev, head of…
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US Citizen Indicted for Narcotics Distribution in Exchange for Bitcoin

United States citizen, Joanna De Alba, has been accused of heroin and methamphetamine distribution in exchange for Bitcoin. A United States citizen has been charged with heroin and methamphetamine distribution in exchange for Bitcoin (BTC). According to a Jan. 3 press release published by the U.S. Attorney’s Office for the Eastern District of New York,…
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Telegram Refusing to Tell SEC How It Spent $1.7 Billion of ICO Cash

Telegram is refusing to give the SEC details on how the $1.7 billion raised in its ICO has been spent. The United States Securities and Exchange Commission (SEC) has filed a court order on Jan. 2 to compel the messaging platform Telegram into releasing details of how the funds raised in its initial coin offering,…
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Bitcoin as Safe Haven Narrative is Tested Again After U.S. Strike in Iran

The remains of a vehicle hit by missiles outside the Baghdad Airport. Source: a video screenshot, Youtube, Guardian News The popular oft-debated narrative of Bitcoin (BTC) as a safe haven is being tested yet again, following the U.S. strike in Iran. (Updated at 14:14 UTC: updates in bold). Iranian Major-General Qassem Soleimani, head of the…
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‘Bitcoin Fixes This’: Société Générale Closes Accounts of Its Critic

Julie Goislard. Source: a video screenshot, Le Parisien In yet another example of perils that can await customers of traditional banks, and an argument in favor of decentralized cryptocurrencies, French banking giant Société Générale has reportedly decided to close the accounts of Julie Goislard, the owner of a library in Clichy-la-Garenne, in northern France, and…
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Binance Debuts Euro Pairs as CZ Says 180 Fiat Currencies Set for 2020

Trading against four cryptocurrencies and two stablecoins to begin a day after Binance’s CEO promised to “bring crypto to the masses.” Cryptocurrency exchange Binance has confirmed it will offer euro (EUR) trading against six cryptocurrencies in the platform’s latest fiat expansion. In a blog post on Jan. 3, Binance confirmed trading for EUR pairs would…
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Ethereum Completes Muir Glacier Hard Fork But Leaves One Client Behind

Ethereum implements Muir Glacier hard fork to delay difficulty bomb, but nethermind client thus far fails to sync. The Ethereum network has just completed its Muir Glacier hard fork, with the sole improvement proposal being to delay the difficulty bomb for another 4,000,000 blocks. As of press time, the majority of clients were running in…
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Why the Fed Needs to Start Issuing Digital Dollars

The U.S. could possibly lose the digital war to China if it doesn’t issue a digital dollar ahead of the digital yuan. In recent weeks, various central banks have indicated that they are exploring the possibility of issuing their own central bank digital currency, or CBDC. From Tunisia, which was at the center of false…
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Bitcoin and Oil Rally as US Kills Iran’s Top General in Air Strike

Bitcoin price abruptly rallied 6.5%, reclaiming yesterday’s losses and attempting to set a daily higher high above $7,300 but will more buyers now step in? In a stunning turn of events, Bitcoin (BTC) price swiftly reversed course and rallied 6.4%, reclaiming ground lost over the last 24-hours and briefly topping $7,288 before pulling back to…
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‘Cryptocurrency Will Not Die’: Mainstream Media on Bitcoin in 2019

As the year comes to a close, it is time to look back at mainstream media’s coverage of cryptocurrencies in 2019. In late 2017, Bitcoin piqued the interest of millions of people hoping to capitalize on the ongoing frenzy and, as a result, drew the attention of various traditional media outlets. The press seemed largely…
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