Bitcoin is back to its old tricks of waiting until the weekend to make a positive leap forward. It had been ranging of late, unable to break out in any direction. If you went back to June, its fifth positive gain month in a row, BTC had been roundly repulsed from the $13,800 level. A…
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It's August 2019, and while many of us are enjoying summer, there is a really important thing Bitcoin hodlers and the cryptocurrency community should think about: the fact that nearly 85% of the entire Bitcoin supply has already been mined. The reminder comes from a blog post by Crypto Globe. As of August 1st, 2019,…
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Bitcoin hodlers are an anxious bunch these days. The industry has been under attack by no less than the President of the United States, his henchmen, and global officials across the globe. Skeptics keep prophesizing that a major correction is imminent, one that will drop BTC values far below any levels that seem conceivable or…
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In a much-anticipated dovish move, Fed Chairman Jerome Powell and his banking buddies capitulated to political pressure and market demand by cutting their benchmark interest rate by 25 basis points. Believe it or not, this was the first time that the Fed has cut its rate since 2008, which also meant that it was the…
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Bitcoin struggled through worrisome weekend trading, continuing its slow and gradual descent from yearly highs, but finding support around $9,500. For one brief moment, bears mounted a solid attack that drove BTC prices down to $9,110, but buyers quickly stepped in to boost it back to its current level of support. If you do the…
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The entire world, it seems, is concerned about the economic and environmental cost of mining bitcoin. Back in June 2019, Leaprate reported several news articles about the huge carbon imprint that bitcoin mining leaves: ....bitcoin mining caused around 23 millions tons of carbon dioxide – an amount similar to the one in major cities or…
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Ray Dalio, an American billionaire investor, hedge fund manager, and philanthropist, has recently stated that financial markets are going through what he calls a “paradigm shift”. He is also head of the world’s large hedge fund, Bridgewater Associates, and often has a unique perspective on the market, based on years of experience. In other words,…
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Bitcoin just broke through $10,000, the third time this month, but it soon dipped below this psychological 5-digit barrier, which has turned formidable of late. As we noted in a previous article, the world’s favorite digital currency appears to be in consolidation mode, curiously forming its fifth stair step, since launching from $3,122 in late…
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With a fleet of 195 aircrafts servicing over 500 routes, Norwegian Air is one of the giants in the air travel industry in Europe, and now the company will allow its passengers to buy their tickets with none other but Bitcoin. However, the air travel giant is not stopping here - according to Yahoo Finance…
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The CEO of Grayscale Investments, Barry Silbert, is smiling broadly these days over the future prospects of his firm. Recent research by Grayscale, the world’s largest digital currency asset manager with more than $2.6 billion across 10 products under its management, demonstrates that a significant portion of some $68 trillion of wealth in the U.S.…
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