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Senate hostile towards Libra, Facebook suggests regulators must act or risk losing US dollar dominance to Bitcoin
The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof. Marcus, the head of Calibra, strongly suggested that if the U.S. doesn’t act quickly, Bitcoin could jeopardize the dollar’s… Read full article
Crypto markets rattled, Bitcoin breaks below $10,000 as altcoins crash
Forty-year trading veteran Peter Brandt made the headlines earlier this month when he stated that a violation of the “parabolic phase” that started in December 2018 could ignite an 80 percent correction of the entire parabolic advance.

If current parabolic… Read full article
Are Cardano, Chainlink and Ravencoin doomed to continue falling?
After the major surge in mid-December 2018, the market seems to have found an exhaustion point. The retrace gives an opportunity for sideliners to buy in before the next upswing. Although the plunge has been more drastic in altcoins than… Read full article
“Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions
A recent bill, “Keep Big Tech Out Of Finance Act,” recommends prohibiting giant tech firms from serving as financial institutions or launching their own cryptocurrency. Likely geared toward Facebook, the bill was reviewed by Democrats that oversee the House Financial… Read full article
Vitalik Buterin proposes using Bitcoin Cash as Ethereum’s data layer
The co-founder of Ethereum, Vitalik Buterin, proposed using Bitcoin Cash as a short-term solution for adding a data availability layer to Ethereum. However, Buterin’s proposal was quickly met with heavy criticism, with many pointing out how seriously flawed the idea… Read full article
Growing hashpower means Bitcoin and Bitcoin Cash could halve at the same time
Despite an initial difference in mining speed between the two Bitcoin forks, an increase in BTC’s hashpower has been steadily narrowing Bitcoin’s supply lead. If Bitcoin continues to outpace Bitcoin Cash, the two could halve at around the same time.… Read full article
Tether accidentally issues $5bn worth of USDT, claims it was an issue with decimals
Tether, the issuer of the USDT accidentally issued $5 billion worth of its own stablecoin while Poloniex was conducting a USDT chain swap from Omni to Tron. The CTO of Bitfinex and Tether said there had been an issue with… Read full article
US regulation against Bitcoin could be the catalyst for the next upswing
In a recent briefing held by the U.S. Secretary of the Treasury Steven Mnuchin, the U.S. government revealed its stance on cryptocurrencies and the efforts it will carry upon to regulate Bitcoin because of its use in criminal activity and… Read full article
US Treasury Secretary: Bitcoin a “national security issue,” cryptocurrency dominated by illicit activity and speculation
Following President Trump’s derisive tweet about Bitcoin, U.S. Secretary of the Treasury Steven Mnuchin held a briefing on regulating Bitcoin and Facebook’s Libra because of their use in criminal activity and the threat they pose to the financial system.

An… Read full article
After the recent drop is Ethereum, XRP and Litecoin due for a rebound?
40-years trading veteran Peter Brandt stated that if Bitcoin continues retracing it could violate the “parabolic phase” that started in December 2018 and fall up to 80 percent from current levels, taking Ethereum, XRP, and Litecoin down with it.

If… Read full article
Bitcoin falls below $10,000; Ethereum, Litecoin, Bitcoin Cash devastated, XRP holds
From a local peak on July 12, Bitcoin tanked from a high of $11,950 to a low of $9,857. Meanwhile, most altcoins experienced even larger double-digit losses. Some of the biggest losers include Ethereum, Bitcoin Cash, Litecoin, and Bitcoin SV—dropping… Read full article
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