Bitcoin price Will It Ever Return To $20,000?

This year, the Bitcoin price has been on a tear. After a mixed 2018, the price of the cryptocurrency ended last year at $3,829. However since then, it’s nearly tripled in value and is currently changing hands at around $11,300. Following this explosive rally, some analysts are starting to wonder if the Bitcoin price could return to its all-time high […]

Are you Thinking Of buying That new car or Invest in Bitcoin?

Digital currencies have taken the world by storm and yeah! It’s a revolution which has only showcased the advantages of decentralization. Once the enthusiasts or the investors understand how the technology behind digital currencies works, that can lead people to believe that the future of finance is here. There are more than 2000 active cryptocurrencies, of which the most popular […]

Bitcoin Price Drops 5% Ahead of Holiday Weekend

Since weekends often provide little liquidity, it also provides an opportunity for whales to cause extreme price movements in either direction once the order book is cleared out. Holidays also have this effect, and with Bitcoin breaking below $11,000 ahead of the Independence Day holiday weekend when many families are traveling and on vacation, the crypto asset is at high risk […]

Banks, IBM and Scentre launch Lygon blockchain

Lygon blockchain will soon be available after ANZ, Commonwealth Bank, IBM, Scentre Group and Westpac join together for a live pilot. Lygon blockchain is a new digital platform that aims to transform the way businesses obtain and manage bank guarantees. These are often required as part of a retail property lease. Historically, bank guarantees have been issued manually and on paper. […]

Facebook’s David Marcus clearing up Libra trust issues

David Marcus was clearing up some issues that had been addressed about Facebook and its Libra project.He said it clear and reassures Facebook will not control the network.  The head of Calibra at Facebook, David Marcus, recently spoke out that any user of its new cryptocurrency project Libra, will not have to put their trust in Facebook. Marcus made it […]

Facebook should put a stop to Libra for now, says Congress

Many have highlighted the cybersecurity implications of Facebook’s forthcoming Libra cryptocurrency, but Congressional lawmakers in the US have an even greater fear: could the grand initiative undermine the security of the global financial ecosystem itself? That’s what’s keeping members of the US House of Representatives Committee on Financial Services up at night. On Tuesday, Chairperson Maxine Waters sent a letter to Facebook […]

Bitcoin Price Surges Toward $11,500 as Trump Eyes USD Manipulation

Don’t look now, but the bitcoin price is already surging back from its early July lows to trade comfortably above $11,000. And one fundamental catalyst might have come from an unlikely ally: US President Donald Trump. Earlier on Wednesday, Trump accused China and Europe of playing a “big currency manipulation game,” debasing the yuan and euro by pumping large amounts of cash into […]

Nestlé breaks new ground with open blockchain pilot

Nestlé will break new ground in supply chain transparency through a collaboration with OpenSC – an innovative blockchain platform that allows consumers to track their food right back to the farm. Through this collaboration, Nestlé becomes the first major food and beverage company to announce that it will pilot open blockchain technology in this way. This is part of Nestlé’s […]

Some US Watchdog Groups Call for Congress to Put a Freeze on Facebook’s Libra

Some group of North American privacy and consumer watchdogs is asking the U.S. Congress to halt the on going Facebook‘s Libra project. In a letter posted by Public Citizen, the group details a list of issues they have with Facebook’s cryptocurrency. The more than 30 signers include the Center for Digital Democracy, Consumer Reports, and the Service Employees International Union. “We call on Congress and regulators to […]

Central Banks May Issue Digital Currencies ‘Sooner Than We Think’

At the point after issuing comments and reports heavily critical of cryptocurrencies over the last few years, Agustin Carstens, chief of the Bank for International Settlements (BIS), has understand that central banks will likely soon need to issue their own digital currencies. On Sunday, Carstens said that BIS – which acts like a central bank for central banks – is supporting global […]