EXCHANGES

US Turmoil and Negative Interest Rates – Billionaire Michael Novogratz Says ‘Watch Gold and Bitcoin’

[ad_1] For the first time since October 2019, Federal Reserve Chair Jerome Powell admitted to leveraging quantitative easing (QE) tactics. Powell explained on Friday, the central bank is now comfortable with leveraging QE on a regular basis. Furthermore, the Fed is planning on utilizing negative interest rates in the near future, according to a number of economists and analysts. The economic turmoil in the U.S., and abroad is causing a
Business

Western Union Makes Takeover Offer for MoneyGram

[ad_1] Western Union might be purchasing cross-border payments company MoneyGram.According to a June 1 article on Bloomberg, the payments giant recently made a takeover offer for MoneyGram. If successful, this would combine the two of the biggest money-transfer companies in the United States. Ups and downs during pandemicLockdowns and shelter-in-place orders in response to the coronavirus have closed many businesses across the U.S., including local branches of MoneyGram.The number of digital
EXCHANGES

Bitcoin Just Saw Its Biggest Breakout Ever, and That Means $10k Is Just the Start

[ad_1] It’s been an explosive past few days for Bitcoin. After tanking as low as $8,600 on the weekend before last, the cryptocurrency breached $10,000 just hours ago. On Bitstamp, BTC traded as high as $10,429, according to TradingView.com data. While the asset remains below the yearly highs of $10,500, a prominent analyst noted that this rally has formed Bitcoin’s largest breakout ever. This suggests that the crypto market is
BLOCKCHAIN

Samson Mow’s Infinite Fleet Game 2020 Launch Backed by Major Players

[ad_1] Prominent Bitcoin figures are working together to ensure the alpha release of Pixelmatic’s Infinite Fleet space adventure game is launched by the end of 2020.Infinite Fleet, under the leadership of Blockstream Chief Strategy Officer and Pixelmatic Chief Executive Officer (CEO) Samson Mow, is being backed by major crypto players like Litecoin (LTC) founder Charlie Lee, WhalePanda, “the father of cryptocurrency” Adam Back, former Bitfinex Chief Strategy Officer (CSO) Phil
ALTCOIN

Bitcoin Price Surges to $10,380 as Trump Threatens Military Crackdown

[ad_1] Within the last hour Bitcoin (BTC) price abruptly surged to $10,380 after spending the last month trading in a symmetrical triangle pattern. The move above the crucial $10K mark occurred as U.S. President Donald Trump mobilized local police and the National Guard to disperse masses of protestors on the White House grounds. After a brief pullback to $10,100 bulls stepped in to provide renewed buying pressure. At the time of
EXCHANGES

Bitcoin’s Price Spread on the CME is “Super Bullish” and Foretells Major Upside

[ad_1] Bitcoin has seen mixed price action in recent times, struggling to surmount $10,000 despite gaining a solid foothold within the $9,000 region Analysts are now noting that the cryptocurrency appears to be at a turning point as it trades directly between two CME gaps One analyst is also pointing to the massive BTC premium seen on the CME as a reason why the crypto is highly bullish Bitcoin saw
EXCHANGES

Why the United States Needs Blockchain for Relief Packages

[ad_1] It seems like only yesterday people were tepidly excited about receiving a $1,200 check from the U.S. government to lessen the hardships of stay-at-home orders and pandemic-induced loss of jobs. However, rent is due today. Grocery bills for June have yet to rack up. That $1,200, regardless of how one tried to stretch it, is either running dangerously low if it hasn’t completely evaporated already. Talks of another (few)
Business

Satoshi Nakamoto Had Outside Cryptography Help, Says Early Bitcoin Dev

[ad_1] According to an early Bitcoin (BTC) developer, Satoshi Nakamoto sought help from outside cryptographers prior to launching Bitcoin.Laszlo Hanyecz, who worked closely with Satsohi in 2010, told Cointelegraph that he was befuddled by Satoshi’s choice of the elliptic curve secp256k1. The use of this curve, at the time, was unusual. National Institute of Standards and Technology (NIST) curves were much more common. Many Bitcoin enthusiasts over the years have
Business

Mining Hardware Maker Canaan Looks to Issue $12.4M in Stock to Employees

[ad_1] Cryptocurrency mining application specific integrated circuit (ASIC) producer Canaan filed with the U.S. Securities and Exchange Commission (SEC) to issue around $12.4 million worth of shares to its employees.According to the S-8 form, filed with the SEC on May 27, Canaan is looking to issue nearly $12.4 million of class A ordinary shares with a maximum offering price of $0.24 per share.As Cointelegraph reported in late November 2019, Canaan