Tim Draper: Lightning Network to Bring Bitcoin to $250,000 per BTC

The recent downturn in the Bitcoin market has not stopped prominent investors and commentators from making price predictions. Most recently, Tim Draper — a prominent venture capitalist that has made early investments in China’s version of Google Baidu, Tesla, Skype, and Bitcoin — has doubled down on his call that the leading cryptocurrency will surmount […]

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Bitcoin Bull McAfee: Crypto Companies Shouldn’t Need to Stop Crime

Like a majority of other digital technologies, Bitcoin and cryptocurrencies have been used by criminals for criminal activity. There’s no getting around it or sugarcoating it. It should come as no surprise then that the world’s authorities are forcing digital asset exchanges and service providers to deter crimes on their platforms. Case in point, director […]

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Head of Massive Bank Admits Central Banks are Ineffective: Bitcoin Fixes This

Ever since the Great Recession of 2008, central banks, by traditional standards, have been acting weird. Really weird. Interest rates fell to their lowest points in literal centuries while central banks began what has been dubbed “quantitative easing” — when a central bank buys large amounts of government bonds or other financial assets in order […]

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China’s Bitcoin Article May Not be Bullish for Bitcoin; Here’s Why

Yesterday, Bitcoin blew up… in China. As reported by Blockonomi, Xinhua, the leading state-run publication (and the purportedly most-read media outlet) of the People’s Republic of China, released an entire article on Bitcoin. The article, whose title roughly translates to “Bitcoin: The First Successful Application of Blockchain Technology,” was seen by many on Twitter as […]

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Central Bank Digital Currency Efforts Explode Ahead of China Crypto Launch

If you told someone on Wall Street or a central bank official ten years ago that there would be sovereign digital currencies, they likely would’ve laughed. But, these digital currencies are becoming reality. And quick. Central Banks Going All-In On Crypto? On Monday, CoinDesk reported that the Banque de France has just doubled down on […]

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Tether Stablecoin Issuer: USDT Backed 1:1 With Reserves Again

Tether, the creators and issuers of the tether (USDT) stablecoin, said this week that its dollar-pegged cryptocurrency is once again backed 1:1 with its fiat reserves, after a company affidavit back in the spring noted that only “74 percent of the current outstanding tethers” were backed by “cash and cash equivalents” at the time. The […]

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