Bitcoin 

Buy Gold as Bitcoin Price Rises, Central Banks Cut Rates

Veteran frontier markets investor Mark Mobius suggested that cryptocurrencies will boost the price of gold.  Canadian finance news outlet BNN Bloomberg interviewed Mark Mobius on Aug. 20. The legendary investor believes cryptocurrencies will help the rise of gold. He explained:  “You have all these currencies, new currencies coming into play. […] I call them ‘psycho currencies,’ because it’s a matter of faith whether you believe in Bitcoin or any of the other cyber-currencies. I think with the rise of that, there’s going to be a demand for real, hard assets,…

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Bitcoin 

New Bitcoin Network Hash Rate High Suggests Price Is Next

The Bitcoin (BTC) hash rate has broken yet another new all-time high, according to Aug. 19 data from monitoring resource Blockchain.com. The top coin’s hash rate has continued to break previous records throughout summer, today hitting an whopping 82.5 TH/s. Bitcoin network hash rate, 1-year chart. Source: blockchain.com Network Fundamentals The hash rate of a cryptocurrency — sometimes referred to as hashing or computing power — is a parameter that gives the measure of the number of calculations that a given network can perform each second. A higher hash rates…

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Bitcoin 

BitFlyer and Tpoint Japan Team Up to Offer Bitcoin Loyalty Program

Cryptocurrency exchange bitFlyer and technology services company Tpoint Japan announced a new partnership that allows local customers to exchange loyalty program points for Bitcoin (BTC) and earn rewards for paying in crypto. The official press release states: “As part of our mission of ‘Making the world simpler with blockchain’, we will continue to contribute to the further development of a sound virtual currency industry. Tpoint Japan aims to turn their well-known points into ‘Points for people. Points for connecting people and society.’ Participating locations include Bic Camera, Yamada Denki, H.I.S.,…

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Bitcoin 

Bitcoin Twitter Handle With 1 Million Followers Renounces Bitcoin Cash

Bitcoin’s (BTC) best-known names are currently playing a guessing game after one of the industry’s most controversial Twitter accounts changed its views overnight. @Bitcoin switches from Bitcoin.com to Bitcoin.org Multiple users, including Reddit’s r/Bitcoin Subreddit moderator, BashCo, are supplying theories to explain the behaviour of the @Bitcoin account.  @Bitcoin has almost one million followers, yet its name has formed a misnomer for years. Instead of promoting Bitcoin, the account has long maligned it in favor of altcoin Bitcoin Cash (BCH) after allegedly falling into the hands of major proponent, Roger…

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Bitcoin 

People Who Want to Control Their Capital Buy Bitcoin, Says Circle CEO

Jeremy Allaire, CEO at cryptocurrency financial services company Circle, expressed his optimism in regards to Bitcoin (BTC) being a safe haven for investors despite recent market volatility. On Aug. 19, Allaire voiced his sentiment during the CNBC’s Squawk Box. He explained:  “Clearly, a non-sovereign digital asset like bitcoin is attractive to people who are interested in moving capital into a place where they can control it themselves. That underscores a lot of interest that’s been there over time. It’s the digital gold thesis, and I think a lot of both…

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Bitcoin 

Bitcoin Simply Existing Positively Impacts Monetary Policy: Research

The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. TThe argument was put forth in a paper published on Aug. 16 by Max Raskin (NYU School of Law), Fahad Saleh (McGill University) and David Yermack (NYU Stern), entitled “How Do Private Digital Currencies Affect Government Policy? 3 positive impacts of cryptos simply existing The analysis notes that as regards the global financial system, the question of cryptocurrencies’ influence is not confined to whether or not the…

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Bitcoin 

Chainzilla and Pundi X to Enable Retail Bitcoin Payments in Panama

Cryptocurrency startup Pundi X announced that its point-of-sale payment gateway (XPOS) will soon be launched in Panama and its surrounding regions. Blockchain development company Chainzilla joined the initiative as a local distributor. Combining cryptocurrency and traditional payments in one terminal On Aug. 14, Cointelegraph in Spanish spoke with Chainzilla CEO, Charles Gonzales, to find out more details. According to Gonzales:  “Recently, Pundi X integrated its module into the Verifone X990. This is an important development because this payment processor is compatible with both cryptocurrency and traditional payments. […] That means…

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Bitcoin 

Crypto Market Sends Mixed Signals as Ether and Bitcoin Price See Green

Friday, Aug. 16 — Bitcoin (BTC) and Ether (ETH) are seeing some upward movement as XRP continues to slump. Market visualization. Source: Coin360 Bitcoin is trading at $10,480 at press time, representing a 4.58% price increase on the day. Bitcoin is seeing some momentum for an upward climb, peaking at $10,500 so far and continuing to stay away from the four-figure mark it fell to yesterday. Still, BTC needs to climb by about 15% to retake the $12,000 barrier, which it surpassed multiple times earlier this month. Earlier today, anticipated…

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Bitcoin 

Bitcoin Price Fear & Greed Index Back to ‘Extreme Fear’ Dec 2018 Lows

Bitcoin investors are no longer as buoyant as they were three months ago, judging by the latest readings from the Crypto Fear and Greed Index (CFGI). On Aug. 14, the Bitcoin-only index — which plots investor sentiment on a scale of 1 to 100 (where 1 represents doom and foreboding and 100 indicates blithe optimism and greed) — hit its lowest levels since December 2018. Today: “fear,” yesterday: “extreme fear” Just under three months ago, in late June, Bitcoin (BTC) investors had seemingly hit a level of unbridled optimism, with…

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Bitcoin 

Bitcoin Is Bad for Payments, But Lightning Solves This: Samson Mow

Blockstream Chief Strategy Officer (CSO) Samson Mow says Bitcoin (BTC) is bad for payments but the Lightning Network solves this. Mow — who is also a co-founder of formerly top cryptocurrency exchange BTCC — made his remarks in an interview for SFOX blog on Aug. 15. Lightning changes the whole equation Mow conceded that he doesn’t yet have an everyday use case for Bitcoin (BTC), quipping that in daily life, he still uses credit cards, not cryptocurrency. The top coin, he argued, is designed in such a way that has…

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