How Key 2020 U.S. Presidential Candidates Are Showing Support For Bitcoin

Among the numerous issues that will define the 2020 U.S. presidential election, the topic of Bitcoin and blockchain technology is inching its way to the forefront. Indeed, in varying degrees, top democratic presidential contenders have already referred to Bitcoin and its technology. Andrew Yang’s Vision Is Consistent with Crypto Community Among the democratic candidates, Andrew Yang has taken the most innovative stance on issues since announcing his run for president. He has not avoided discussing cryptocurrency-related topics. Most recently, during an interview on The Coin Chat show, Yang declared, “My…

How Bitcoin Demand is Driven by Central Banks Devaluing Their Currencies

The demand for bitcoin has certainly been tangible over the past few months. Even with a correction of around 30% the digital asset is still up over 160% this year. That growth could have been spurred by central banks devaluing their own currencies as economic skies darken. Big Banks Boosting Bitcoin Demand and fervor for bitcoin is most prevalent in Asia. Trading on markets during the Asian time zone has dictated the mood for the rest of the day elsewhere on countless occasions. China is one of the leading players…

Segwit Creator Introduces Optimized Language For Bitcoin Smart Contracts

Bitcoin Core developer, Peiter Wuille, has introduced a new programming language called Miniscript, to simplify smart-contract development for Bitcoin. One of the most prolific and respected Core-developers, Wuille is responsible for the creation and implementation of Segregated Witness (SegWit). ‘Miniscript’ Is Like An Enhanced ‘Script’ For Bitcoin Miniscript is built on top of the existing Script language for Bitcoin smart contracts and aims to optimise it. Script allows the specification of certain conditions which must be met in order for bitcoin to be spent. This could be a time-limit, before…

Three Reasons Why Bitcoin Price is Back Under $10K… Again

The early week’s run-up in the bitcoin price has continued to run out of breath as BTC dips back under five figures. The BTC/USD instrument settled a session low of $9,841.59 at around 16:05 UTC today, establish its five-day low. The pair moved downwards despite having full-backing of strong fundamentals. Late last week, Intercontinental Exchange’s cryptocurrency arm, Bakkt, announced that it had received regulatory approval to launch its bitcoin futures contracts. The platform even finalized the launch-date on September 23, raising hopes of attracting institutional capital to the bitcoin markets.…

‘Foolish’: Crypto Fund CEO Warns Against Bitcoin Maximalism Narrative

Cryptocurrency politics is focusing on Bitcoin at the expense of altcoins, but a flip could occur any time, an industry investor has warned. Simpson: Don’t Pin All Your Hopes on Bitcoin That was the conclusion from Arianna Simpson, founder and CEO of crypto and blockchain-focused investment fund Autonomous Partners. In a discussion on social media August 22, Simpson said sentiment favored Bitcoin over altcoins now, but that status quo has changed multiple times and could do so again. “The general crypto narrative seems to be drifting back to bitcoin maximalism,”…

China May Release Libra Competitor Before Facebook Launches It, Report

Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game. Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency. According to fresh reports, however, it is China which is now looking to release its own competitor before the Libra currency itself debuts. As local English-language news outlet China Daily revealed on August 20, unnamed experts consider it increasingly likely Beijing will put its central-bank…