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Bitcoin Price Could Reach $200k ‘In a Very Short Time,’ Says Bobby Lee

[ad_1] According to BTCC co-founder Bobby Lee, bitcoin price could reach $200,000 in a very short space of time from now. Bitcoin Will Exceed $20,000 Speaking to Yahoo Finance UK, the founder of China’s first bitcoin exchange platform declared that the bitcoin price could continue to reach greater heights. According to Lee: We are in one of many, many cycles to come. Any cycle will take us to higher and
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Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money

[ad_1] There’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust the sovereign bolivar. Unfortunately, most Venezuelans are not getting any exposure to digital currency use cases, and according to Ryver’s community manager, Sofia Corona, some people spreading the
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Crypto Inflation Figures Show Why Bitcoin is King Above Others Like ZEC and XRP

[ad_1] The high inflation figures for altcoins like ZCash (ZEC) and XRP are providing yet another basis for the “bitcoin is king” argument. Indiscriminate Dumping Hurting Altcoin Value Tweeting on Friday (September 13, 2019), economic and crypto analyst, Alex Krüger highlighted the relationship between high inflation figures and poor price performance for certain altcoins. Crypto inflation rates, as measured by @viewbasecom. There is a disproportionate percentage of $ZEC and $XRP
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Inner Mongolia Starts Cryptocurrency Mining ‘Cleanup and Rectification’ Exercise

[ad_1] Five ministries and commissions in Inner Mongolia have issued a notice to clean up and rectify cryptocurrency mining. Inner Mongolia Autonomous Region follows in the footsteps of China, which was a crypto-mining hub until it imposed a ban on cryptocurrency mining. According to a report, the notice stated that the region was conducting a screening process not only for cryptocurrency mining businesses but also for cloud computing, IDC, big
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AXA XL Develops Insurance for Hoyos to Launch World’s Most Secure Digital “Hot” Wallet

[ad_1] AXA XL, the Property & Casualty and Specialty Risk division of AXA, has developed an innovative insurance solution for Hoyos Integrity Corporation (Hoyos) to launch the world’s most secure digital “Hot” wallet. In doing so, AXA XL has designed a bespoke contractual liability insurance coverage specifically tailored for, and in collaboration with Hoyos, a company that specializes in unique biometrically secured products and applications, including secure digital asset services.
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How Prime Brokerage Will Affect Crypto Markets

[ad_1] Prime brokerage firms are coming for crypto in what’s likely to be a race of winner-takes-almost-all. Goldman Sachs is synonymous with institutional wealth and power, even to those who’ve never purchased a financial product in their life. Like the eponymous tower it occupies in Jersey City, Goldman Sachs dominates the prime brokerage trade. What will happen when crypto gains its own Goldman Sachs – an institutional investment company whose
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German Gov’t Approves ‘Bundes-Chain’ to Combat Libra Cryptocurrency

[ad_1] The German government will approve its proposed blockchain strategy this September which reportedly blocks projects like Facebook’s Libra cryptocurrency. Germany Readies Anti-Libra Response According to Spiegel, Germany’s federal cabinet will approve its blockchain strategy announced back in June 2019. While the move signals the country’s intent to be a part of the emerging global economy, the government-run ‘Bundes-chain’ might sound the latest death knell for Libra in Europe. Thomas
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Hacker Steals 30,000 EOS Through Gambling dApp Loophole

[ad_1] An attacker has made off with at least 30,000 EOS by exploiting gambling dApps on the network. By congesting the network with rented resources, the attacker was able to guarantee a winning outcome every time. Anatomy Of A Crime As pointed out by community members on Twitter, the attacker managed to steal over 30k EOS by manipulating winning conditions in gambling dApps. They first rented a massive amount of CPU and
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Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin

[ad_1] In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and balance sheet,” and calling the Fed “boneheads” for refusing to inflate credit bubbles further. Sycophantic
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Crypto Facilitates Money Transfer for Restricted China

[ad_1] Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money can be difficult. In spite of bitcoin’s somewhat precarious legal standing within the nation, Chinese