Federal Reserve chairman Jerome Powell spoke about FOMC’s future goals at the annual Jackson Hole symposium on Friday. He said that FOMC’s overarching directive remains to bring inflation back down to 2%, which “will likely […]
A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reiterated the […]
SkyBridge Capital’s Anthony Scaramucci said that Bitcoin’s immaturity as a technical asset precludes it from being considered an inflation hedge. Speaking on CNBC’s Squawk Box, Scaramucci said the “wallet bandwidth” of bitcoin was still too […]
Ronin hackers have transferred the stolen assets from Ethereum to the Bitcoin network, according to new findings by blockchain investigator and developer ₿liteZero. Recall that after the Ronin bridge hack in March, the attackers moved […]
Bitcoin (BTC) recovered modestly on Aug. 20 but remained on course to log its worst weekly performance in the last two months. Bitcoin hash ribbons flash bottom signal On the daily chart, BTC’s price climbed […]
Bitcoin (BTC) is trading inside a short-term corrective pattern. The direction of the short-term trend is still unclear. On July 18, Bitcoin broke out from a descending resistance line that had been in place since […]
While Bitcoin (BTC) has failed in countering this year’s rampant global inflation, it should still be considered as an inflation hedge, says Steven Lubka, the managing director of private consumers at Swan Bitcoin. According to […]
Bitcoin has hit the mainstream. Former President of the New York Stock Exchange, Thomas Farley has said during an interview on Squawk Box that Bitcoin is “trusted, censorship-resistant, there will only ever be 21 million, […]
The Norwegian bitcoin mining company – Kryptovault AS – reportedly plans to move its operations north of the Arctic Circle. The relocation is prompted by the rising electricity costs in the country, while the northern […]
Typically there are macroeconomic factors that a country is looking to manage through the adoption of a currency as legal tender. In order to make Bitcoin legal tender, these factors should coincide with visionary leadership. […]
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