In terms of price action, 2018 was a dismal year for many of the crypto industry’s participants, as the Blockfolios of investors worldwide were painted in red all year round. Yet, as established by industry pundits like Armin Van Bitcoin, Travis Kling, and countless others, the past 12 months have been exorbitantly successful for this nascent… Continue reading PWC Crypto: 2018’s Bitcoin Crash “Cleared Out The Noise”
Category: Crypto
Auto Added by WPeMatico
What Happens after a Great Crypto Recession? Path to Recovery
Eighteen years ago, on March 10, 2000, the Nasdaq Composite Index established a then-intraday peak at 5,132.52 before closing that day at 5,048.61. The day marked the beginning of what the world now calls a “dotcom bubble,” which eventually washed billions of dollars off the market, a market movement uncomparable to crypto. The financial markets in 2018… Continue reading What Happens after a Great Crypto Recession? Path to Recovery
Pension Funds Should Buy Bitcoin (BTC), Says Crypto Advocate
Anthony Pompliano, the founder of Morgan Creek’s “Digital” branch, has long been a zealot for the decentralist movement, lauding the crypto space for years on end. Case in point, each and every week, Pompliano, better known as Pomp to the crypto community, subjects his 179,000 Twitter followers to the “long Bitcoin, short the bankers” rhetoric… Continue reading Pension Funds Should Buy Bitcoin (BTC), Says Crypto Advocate
Investor: Bitcoin Won’t Fall To $0, Will Weather The Crypto Storm
As Bitcoin (BTC) collapsed in 2018, many naysayers and cynics claimed that the end was nigh for the world’s first cryptocurrency. Some critics drew attention to Bitcoin’s mining ecosystem, claiming that the hashrate drought would catapult BTC into a “death spiral,” whereas miners would flee en-masse. Others looked to stringent regulatory measures, claiming that legislature… Continue reading Investor: Bitcoin Won’t Fall To $0, Will Weather The Crypto Storm
Travis Kling: “Significant Chance” That Crypto Will Outperform Everything In 2019
While many poke fun at the performance of crypto in 2018, global macro markets have begun to falter. Since reaching a year-to-date high in early-September, the Nasdaq, the world’s second-largest stock exchange, has seen its index collapse by 22%. Nasdaq’s index, which houses the publicly-traded stocks of tech powerhouses, namely Alphabet (Google), Amazon, and Apple,… Continue reading Travis Kling: “Significant Chance” That Crypto Will Outperform Everything In 2019
Coinbase CEO To Donate Crypto Wealth, Joins Buffet-backed Philanthropic Effort
Pundits argue that crypto and charity don’t mix. Yet, with a number of efforts from this nascent industry’s foremost participants, it has been made apparent that Bitcoiners (and altcoiners) are far from anti-alms. Case in point, Brian Armstrong, CEO of Coinbase, recently committed to donating a majority of his crypto wealth in due time. Brian… Continue reading Coinbase CEO To Donate Crypto Wealth, Joins Buffet-backed Philanthropic Effort
Bitcoin Lightning Network Booms Amid “Crypto Winter”
Since Bitcoin’s earliest blocks, the network’s lead developers have been hard at work attempting to scale the world’s first blockchain. And while 2018’s “crypto winter” has deterred a multitude of startups, developers, and key industry participants, the Bitcoin Lightning Network, the first viable second-layer scaling solution, has continued to see monumental growth. Bitcoin Lightning Network… Continue reading Bitcoin Lightning Network Booms Amid “Crypto Winter”
Lack of Widespread Crypto Knowledge Could be Stunting the Market’s Growth
2018 has been a rough year for the crypto markets, with Bitcoin, the market’s largest digital asset by market cap, falling from highs of nearly $20,000 one year ago to recently established lows of just over $3,000. The tumultuous market conditions throughout 2018 have disheartened many investors and has led the industry as a whole to… Continue reading Lack of Widespread Crypto Knowledge Could be Stunting the Market’s Growth
Why This Billionaire Investor is Betting on a Project Bringing Bitcoin Payments to Starbucks
Billionaire investor and all-round cryptocurrency advocate Tim Draper has recently announced that he has invested in a Bitcoin payment processing platform. OpenNode aims to make it easier for regular companies to accept payments using Bitcoin. Draper backed the company through his own firm, Draper Associates, to the tune of $1.25 million. The long-time Bitcoin bull… Continue reading Why This Billionaire Investor is Betting on a Project Bringing Bitcoin Payments to Starbucks
Analysts Applaud Square’s Bitcoin Strategy as Brilliant Despite Low Profitability
It has been nearly one year since San Fransisco-based payment processing company, Square, rolled out peer-to-peer Bitcoin trading within their popular Cash App, allowing customers to buy, hold, and sell the cryptocurrency without incurring any fees. The company’s decision was lauded by the company’s investors and the cryptocurrency community alike, with Square’s stock surging 16%… Continue reading Analysts Applaud Square’s Bitcoin Strategy as Brilliant Despite Low Profitability