The Bank of England has created an international group to explore the possibility of developing a cryptocurrency backed by central banks. The central banks of Japan, Sweden, Switzerland and the eurozone joined the initiative, together with the Bank of International Settlement (BIS).The group will look at the economic and technical benefits that a bitcoin-style digital currency could offer. After Facebook announced plans to introduce […]

Digital currency Trading, Is It a Profitable Business?

This year, coronavirus has made online trading extremely popular. Now, when millions of people are learning to make money remotely, Forex and cryptocurrency are more attractive than ever. It is true for South Africa and many other countries. Volatility: Friend or Foe?Bitcoin is famous and notorious (depending on who you ask) for its volatility. It means its rate is often […]

How this family survived 40 countries living solely off bitcoin for four years

who are this family and how did they survive ?.The family is The Taihuttus,a Dutch family of five.let’s see their experience below: Bitcoin is not accepted as a form of payment for the mandatory visa application fee. At the Kapıkule border crossing between Bulgaria and Turkey.The Taihuttus, however, were not deterred. The Dutch family of five parked their bitcoin-branded VW California […]

Bitcoin Vault Breaks Stereotypes

Hackers Continue To Outpace Defenders According to CipherTrace, although cryptocurrency developers, wallets, and exchanges are working hard on strengthening their defenses, hackers continue to outpace them with their innovative tricks and tactics. Take what happened with Binance, the world’s largest exchange, back in May 2018. Over USD 40 million worth of crypto assets were stolen by hackers who used a […]

Bitcoin Soared Above $19,000

Bitcoin jumped above $19,000 on Tuesday for the first time since 2017 as Wall Street and Main Street rekindled their interest in cryptocurrencies and extended the digital token’s rally. The world’s most popular cryptocurrency surged as much as 3.3% through the morning to an intraday high of $19,272.21. The gains brought Bitcoin just a hair below its all-time high of […]

Ethereum Exchange Reserves Shrink to Record Levels Since 2018

According to the data gathered by the Santiment data-gathering site recently provided interesting data about Ethereum, showing that the cryptocurrency has a lower selling pressure. the percentage of the major cryptocurrency in exchanges reduced to record levels since 2018. However, its price is still doing great at $450 at the time of writing. What are the reasons why ETH declines […]

Ethereum breaks multiple records as Ether 2.0 approaches

Ethereum (ETH) has hit multiple records amid news that Ethereum 2.0 could launch as early as 1st December, according to crypto analytics firm Glassnode.  Today’s launch of the deposit contract introduced the ability for users to deposit 32 Ethereum required to participate in staking. ETH 2.0’s beacon chain genesis will take place on December 1st if at least 16,384 deposits of 32 Ethereum […]

Traders expectations as Bitcoin price rallied to $13,217.

The price of bitcoin just secured a new 2020 high and traders expect the price to rise higher for 3 key reasons. The three catalysts are: A favorable technical structure, PayPal enabling cryptocurrency purchases, and Bitcoin’s rising dominance rate. On Oct. 21 Bitcoin (BTC) price overtook the $13K mark to reach $13,217 after traders took out key resistance levels at […]

Bitcoin is A Reserved Digital Currency

Institutional investors have started to accumulate large amounts of Bitcoin as reserve currency. Since Bitcoin was lunched in the year 2009, the digitalcurrency has shown strong price development and has continued to attract new companies. In particular, the entry of financially strong institutional investors is seen as a great opportunity for rising prices in the crypto market. Recently, the massive Bitcoin purchase by Nasdaq […]

SEC’s conservative approach to crypto needs to change.

United States Securities and Exchange Commission (SEC) affectionately known as “Crypto Mom,” says the regulator’s more conservative attitude around crypto needs to change as people become more interested in the space. Peirce started her second term as SEC commissioner in August. The position The position she took over was vacant from 2015 until she was appointed in January 2018, abridging […]