China Ready to Roll out State-Backed Digital Currency

According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. Facebook Libra’s coin has been all …

Ethereum Price Analysis: Bears Eye Pullback To $190 Support

Ethereum price recently broke out of a period of consolidation as mentioned in my previous analysis on ETH, completing an asymmetrical triangle in favors of the bulls but has since begun a pullback breaking the short-term support. Bears now eye $190 support around the visible range low. Ethereum Price 1-Hour Analysis On the 1 hour …

Goldman Sachs Arrests Render Mnuchin Bitcoin Comments Useless

Goldman Sachs vice president and known Bitcoin skeptic Richard Gnodde is among 17 senior executives who could face ten years’ in prison for money laundering.  Vice President Could Face 10 Years In Jail According to a press release from Malaysia’s attorney general August 9, Gnodde is now wanted in connection with the infamous 1MDB scandal …

Crypto Derivatives Trading Platform FTX Raises $8 Million

FTX, a new cryptocurrency derivatives exchange and trading platform, has raised $8 million in a funding round led by blockchain-focused fund Proof of Capital, Consensus Lab, FBG and Galois Capital. Proof of Capital is a $50 million venture capital (VC) fund launched in April 2019 by partners from Horizons Ventures, Greylock Partners and 500 Startups, …

Aussie Crypto Scam Nets Nearly AUD $3M from Unsuspecting Investors

Dozens of Australian investors have lost approximately AUD $2.7 million to a major crypto scam which started in 2017 and was only shuttered in May. | Source: Shutterstock Over 100 Australians are estimated to have lost nearly AUD $3 million to a cryptocurrency investment scam based in Gold Coast, Queensland. According to a statement released …

Bitcoin Could Copy Gold’s 2008 Boom And Bust Before All-Times Highs: Messari

Bitcoin could drop dramatically in the short term before experiencing an historic rise to new heights, one of the cryptocurrency industry’s best-known researchers says. Bitcoin Mimicking Gold ‘Not Surprising’ Adding his weight to the current discussion on Bitcoin’s utility versus gold, Dan McArdle, co-founder of analytics firm Messari, said the cryptocurrency could copy the precious …