Bitcoin Price Rushes to $10,500 Before Falling to $9,000

Bitcoin Price Rushes to $10,500 Before Falling to $9,000

The last day has been an emotional one for Bitcoin traders keeping an eye on the cryptocurrency markets. Specifically, the price of Bitcoin embarked on a wild rollercoaster ride. After skyrocketing past $10,500 - in the biggest daily price gain for Bitcoin since 2011 - the price of Bitcoin has since subsided to around $9,000. … Continue reading Bitcoin Price Rushes to $10,500 Before Falling to $9,000

China’s President Calls For Accelerated Blockchain Technology Adoption

China’s President Calls For Accelerated Blockchain Technology Adoption

The growing adoption of blockchain technology may just have found an unlikely ally. Specifically, the Chinese president, Xi Jinping, recently urged for accelerated blockchain technology adoption. This is a notable development, seeing as Xi’s statements usually hold great importance for the future of the world’s most populous nation. Xi urges China to rush towards blockchain … Continue reading China’s President Calls For Accelerated Blockchain Technology Adoption

Zuckerberg Says Facebook Could Withdraw From Libra, If Launched Too Early

Zuckerberg Says Facebook Could Withdraw From Libra, If Launched Too Early

Mark Zuckerberg, the CEO of Facebook, recently made some waves in a Congressional hearing. Specifically, Zuckerberg said that Facebook could abandon its Libra stablecoin completely - if this launches too quickly. This comes as Libra has been facing a growing crisis the last few weeks. Could Facebook abandon Libra? For those who need a reminder, … Continue reading Zuckerberg Says Facebook Could Withdraw From Libra, If Launched Too Early

Donald Trump’s Former Advisor Will Launch Stablecoin Backed by Fractional Reserve

Donald Trump’s Former Advisor Will Launch Stablecoin Backed by Fractional Reserve

The United States President Donald Trump has been a critic of cryptocurrencies and stablecoins so far. Now, however, one of Trump’s former campaign advisors is about to launch a stablecoin relying on a fractional reserve. What’s more, this comes as the Financial Action Task Force recently said that stablecoins may soon take mass adoption of … Continue reading Donald Trump’s Former Advisor Will Launch Stablecoin Backed by Fractional Reserve