Bitcoin to Benefit From Federal Reserve’s Aggressive Easing

The US Federal Reserve’s (Fed) aggressive easing might support Bitcoin’s bullish price trend at least up to 2020. Meanwhile, the cryptocurrency might also get a parallel boost from the upcoming halving event. Fed Cuts Interest Rates for First Time in Over a Decade At the latest meeting in July, the Fed’s Federal Open Market Committee (FOMC) cut its key interest rate by 0.25% to 2.00-2.25%. This was the first interest rate cut since December 2008. At that time, the American central bank reacted to the massive financial crisis caused by…

Bitcoin Influencer Bets $10K That CSW Will Not Move His BTC

Unsuccessful serial-forger and law-court regular, Craig Wright, just won’t give up the ghost of being Satoshi Nakamoto. Ordered by a judge to hand over half of his bitcoin holdings and intellectual property to the estate of Dave Kleiman, he concurred that he now “has no choice” but to do this. However, he was quick to warn of the negative consequences that this would bring to the Bitcoin network. This prompted one particularly interested party to bet $10,000 that none of the coins would move within a year. What Would ‘Faketoshi Nakamoto’ Do?…

Gold Market Flooded With ‘Fake’ Bars; Bitcoin Critics Please STFU

The bullion market is slowly but steadily flooded with ‘dirty gold bars,’ according to a recent Reuters report. It’s interesting to know what Peter Shiff and other gold supporters would say about this. Is the precious metal better than Bitcoin in terms of money laundering? Gold Market Flooded with Fake Bars Many Bitcoin skeptics have criticized the cryptocurrency for helping criminals hide their dirty profits. Remember US Treasury Secretary Steven Mnuchin saying that Bitcoin was supporting malign behavior? “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars…

Bitcoin Traded Most With Asian Fiat Currencies: Report

There are many metrics to ascertain the popularity of bitcoin and cryptocurrency trading in different geographic regions across the world. One of them is the most traded fiat currencies chart which has revealed some interesting results. Asia Still Big on Bitcoin Unsurprisingly the US dollar was the top traded fiat currency according to statistics from Coinhills.com. With 64% of the 450,000 or so, BTC traded every day in USD, the greenback is the clear winner. This is not to say that America is necessarily the top country since many international…