Bitcoin Price Boom Signals Massive Dystopian Panic Over 2019 Recession

By CCN: The sudden swell of Bitcoin’s price to $8,000 USD this year shows global recession fears are mounting. This according to Michael Hartnett, the chief investment strategist at Bank of America Merrill Lynch. Bitcoin price has doubled in 2019 but the rally is only getting started. | Source: Shutterstock Interestingly enough, Hartnett says global […]

Continue Reading

Bitcoin Bulls Unleashed as Crypto Begins Trading on Good News

By CCN: Another day, another new high for the bitcoin price. Bitcoin is currently trading at nearly $8,300, which according to CoinMarketCap data is a new 2019 high for the biggest cryptocurrency. On Coinbase, the BTC price already attained $8,300 though it has pulled back slightly. While it’s not the first time that the bitcoin […]

Continue Reading

Microsoft’s Blockchain Obsession, Including ID Push, Is Good for Bitcoin

By CCN: Does Microsoft consider blockchain to be the strongest technology in the world? Who knows, but they sure seem to recognize its growing mainstream status and view it as a potential moneymaker. The company recently announced that it would be building a decentralized identity (DID) network on top of the Bitcoin blockchain, the oldest […]

Continue Reading

Above $7.5K: Bitcoin Price Hits Highest Level Since August 2018

Bitcoin’s price rose above $7,500 Sunday for the first time in over nine months, a move that marked a resurgence in the crypto market at large. The world’s largest cryptocurrency by market capitalization, which accounts for more than half of all the total cryptocurrency market, jumped to  $7,577 at 13:36 GMT – the highest price […]

Continue Reading

Tim Draper Believes Bitcoin Will Grab 5% of the Earth’s Market Share

By CCN: While Elon Musk and Jeff Bezos are focused on Mars, billionaire venture capitalist Tim Draper has his feet firmly planted on the ground. Draper might appear to have his head stuck in the clouds with a lofty $250,000 bitcoin price prediction. But from what he tells Fox Business, the early bitcoin investor isn’t […]

Continue Reading

Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future. After all, experts have found the two assets to be inversely correlated. The 90-day correlation coefficient between bitcoin and gold – a statistical measure of linear interdependence between the two variables – is […]

Continue Reading

Bitcoin Startup Unveils ‘Thunder Bird’ Lightning Code for IoT Devices

Japanese startup Nayuta is releasing an in-progress lightning implementation with a compelling new focus: the internet of things (IoT). As revealed exclusively to CoinDesk, Nayuta is publishing the first lightning implementation geared specifically toward IoT, or networks of connected devices that feed data to one another. The idea behind Nayuta’s release is that it connects […]

Continue Reading

Murder, Censorship and Syria: Crypto and the Future of Uprisings

Rachel-Rose O’Leary is a reporter at CoinDesk, covering how cryptocurrencies are being used in areas of economic, social and political unrest. This article is part of her ongoing dispatches from Rojava, Syria.  In August 2011, a hackerspace in Damascus, Syria, was stormed by armed guards. Known as Aikilab, the guards stripped the place; televisions, computers and […]

Continue Reading