What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

What Crypto Bear Market? Japanese Banking Giant SBI Will Soon Mine Bitcoin

TweetShareSBI Holdings, a major financial and banking giant in Japan, has formally announced the launch of SBI Mining Chip Co., Ltd., officially entering the bitcoin mining industry.In recent months, the most dominant forces in the global bitcoin mining industry in the likes of Bitmain, Cannan, and Japanese internet conglomerate GMO have struggled to adjust to…

Bitcoin Perma-Bull Tom Lee Believes Bitcoin Price Should Be $15,000-$20,000

Bitcoin Perma-Bull Tom Lee Believes Bitcoin Price Should Be $15,000-$20,000

TweetShareBitcoin perma-bull Tom Lee of Fundstrat tried to buttress his recent projection that the bitcoin price is due for a major rally soon.On March 17, Lee tweeted that the “tailwinds” that had dragged bitcoin down during the current Crypto Winter are easing.Specifically, Lee claims that “macro factors such as a rally in risk assets plus…

Crypto Exchange Plans Show Riot Blockchain Still Clings to Bitcoin Dream

Crypto Exchange Plans Show Riot Blockchain Still Clings to Bitcoin Dream

TweetShareRiot Blockchain, a former biotech firm turned bitcoin-mining company, expects to launch a regulated cryptocurrency exchange by the end of the second quarter of 2019, or June 30. The company is initially investing up to $250,000 to make this roll-out happen.Riot Blockchain made the revelations in a March 14 filing with the Securities and Exchange…

Legendary Crypto Short Seller Gloats as CBOE Dumps Bitcoin Futures

Legendary Crypto Short Seller Gloats as CBOE Dumps Bitcoin Futures

TweetShareFormer IMF economist Mark Dow enshrined his name in derivatives trading lore when he famously shorted the bitcoin price from its December 2017 peak near $20,000 all the way down to its trough below $3,500 a year later. Now, the legendary crypto short seller is gloating as the first exchange to list bitcoin futures delists…

Emerging Markets are Surging and Investors Could Send Bitcoin Moon-Bound

Emerging Markets are Surging and Investors Could Send Bitcoin Moon-Bound

TweetShareEmerging markets and their respective currencies are on the rise, which historically has had some correlation with the price of Bitcoin.According to Morgan Stanley, the global emerging markets benchmark is expected to rise by around 8 percent in 2019, primarily due to the increase in interest in the Chinese stock market following the optimistic prospect…

60% of Crypto Users are Still Scared to Make a Bitcoin Payment

60% of Crypto Users are Still Scared to Make a Bitcoin Payment

TweetShareThe Foundation for Interwallet Operability is built on a key principle: for Bitcoin or other crypto assets to succeed, they must be as easy to use as possible. The protocol presents some intriguing possibilities, particularly for merchants and new users. CCN previously spoke to founder David Gold, and we interviewed him again about their recent…

Cryptocurrencies Surge 30%-100%. Why Momentum Can Boost Bitcoin Price

Cryptocurrencies Surge 30%-100%. Why Momentum Can Boost Bitcoin Price

TweetShareBitcoin has remained relatively stable in the $3,800 to $3,900 range over the past week while crypto assets like Enjin Coin (ENJ), Litecoin (LTC), ICON (ICX), and Kyber Network (KNC) surged by 30 percent to 100 percent.7-Day Price Chart of Kyber Network (Source: Coinmarketcap.com)Off of the reported partnership between Enjin and Samsung, the price of…

Starbucks Will Laugh if You Still Use Cash in 3 Years: Bitcoin Bull Draper

Starbucks Will Laugh if You Still Use Cash in 3 Years: Bitcoin Bull Draper

TweetShareBitcoin bull Tim Draper has predicted that by 2022, coffee lovers will be routinely buying their fix at Starbucks using bitcoin and other crypto assets.Draper: Bitcoin Will Dominate Starbucks TransactionsIn a podcast interview with NBC Bay Area, Draper said that the cryptocurrency is on the verge of making the US dollar redundant:“I think when you…

Canada Schemes to Launch Audits Against Bitcoin Tax Evaders

Canada Schemes to Launch Audits Against Bitcoin Tax Evaders

TweetShareThe Canada Revenue Agency (CRA) is reportedly targeting Bitcoin investors as well as other cryptocurrency users with federal tax audits.The CRA has also sent questionnaires to determine the previous trading and investing activity. Taxation of cryptocurrency has been a gray area for years,  with tax attorneys and even regulators unsure of how to proceed.With many…