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Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg

[ad_1] Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoin’s maturity, particularly when benchmarked against the falling stock market and crude oil. Both factors will cause the price
Business

‘Bitcoin and Black America’ Author: Protest by Buying BTC

[ad_1] Bitcoin & Black America author Isaiah Jackson says that people invoking Bitcoin during the protests over the police killing of George Floyd have identified the “real enemy” — a legacy financial system that shuts out African Americans. Jackson spoke to Cointelegraph on June 4, saying he welcomed pictures on social media of protesters holding up signs promoting the cryptocurrency.He said the result of black people being shut out of the
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Lotto Nation is Revolutionizing the Traditional Lottery Industry

[ad_1] As the global economy continues to deal with the economic fallout due to the ongoing pandemic, companies are coming to terms with the fact that normalcy may not return for quite a while.  Many economists are wondering how the business landscape will look a year or more from now.  It’s certainly possible that many businesses, such as retailers and restaurants, may be unable to survive the current downturn.  But
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Data Analyst: There Continues to Be Mass Bitcoin Accumulation By Institutional Players

[ad_1] At the start of May, Bitcoin experienced its latest block reward halving. This event saw the number of BTC issued per block cut in half from 12.5 coins to 6.25, meaning that there is less supply to satisfy demand. Fortunately for buyers, demand is rapidly increasing, suggesting Bitcoin should continue to rise. Institutions Are Scooping Up Bitcoin According to technology data analyst Kevin Rooke, Grayscale Investments has seen an influx
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OKEX Bitcoin Premiums Rocket Following Early-Morning Plunge; What This Signals

[ad_1] Bitcoin is currently flashing some signs of strength as it pushes into the upper-$9,000 region This comes shortly after a sharp decline this morning sent it to lows of $9,400 It appears that traders on OKEX may be driving this movement, as premiums and open interest on this platform have both rocketed higher over the past several hours Trader’s now believe that the crypto’s mid-term outlook is growing bright
Business

New Head of US Regulator and Former Coinbase Lawyer Invites Banks and Crypto to Collaborate

[ad_1] In a June 4 announcement, the Office of the Comptroller of the Currency (OCC) is looking for banks and crypto firms to weigh in on how the two can interact. Crypto meets banksThe Advanced Notice of Proposed Rulemaking asks banks and industry leaders to respond to a number of questions — notably:“What activities related to cryptocurrencies or cryptoassets are financial services companies or bank customers engaged in and what are
Business

‘Satoshi won’t use his coins ever’

[ad_1] The researcher who identified 1.1 million Bitcoins (BTC) that Satoshi Nakamoto mined, said that his research makes him believe that Satoshi was altruistic and will never spend his coins.Sergio Demian Lerner, the designer of the second layer Bitcoin protocol RSK and renowned crypto researchers in the Reddit AMA said that it took him three years to discover privacy flaws in the Bitcoin code that led to the discovery of
Business

Revolut Reportedly Fires Dozens of Employees for Coronavirus Cost-Saving Reasons

[ad_1] In an effort to trim expenses, European fintech outfit Revolut has allegedly urged employees to leave, according to staff interviewed by Wired."Some of the employees allegedly pressured to leave have been left stranded in a foreign country without a job or health insurance in the middle of a pandemic," describes author Emiliano Mellino, collecting stories from multiple Revolut employees. The company reportedly staffed a great number of employees at
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A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC

[ad_1] Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions could not provide such services. The reason bitcoin cash is supported by these vending
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Ethereum Could be Forming Bearish Reversal Pattern as Uptrend Stalls

[ad_1] Ethereum has been able to guard against seeing any major losses in the aftermath of its reject rejection in the $250 region It is important to note that it has been slightly outperforming Bitcoin in the time since, with this being a major sign of strength Its independent momentum, however, has stalled as of late, leading analysts to note that this could be a bearish sign ETH could also