Bitcoin SV Goes Parabolic, Flips Bitcoin Cash

Bitcoin SV (BSV) is now the fourth biggest asset by market capitalization, taking the spot of Bitcoin Cash (BCH). After months of flexing, and promising something big for early 2020, BSV finally delivers – at least for now, a spectacular 300% weekly pump. Doubles Price Overnight In just one day, Bitcoin SV doubled its price and broke all price records, both in terms of Satoshi prices, and dollar value. BSV reached $337.61 just as all coins were wildly expanding, and bitcoin led the rally. But something else may be at…

Bitcoin Needs to Overcome These 3 Levels to Get to $10K

Bitcoin (BTC) prices are on another expansion spree, bringing the price to a new range. But if the leading asset is to regain five-digit prices, it needs to break above a few more vital resistance levels. Bitcoin Stopped Just Under $8,700 Resistance The price move this Tuesday brought BTC up from recent stagnation around $8,100, to just below $8,700, which represents the first of the key resistance levels. Until that level, all other milestones were taken over quickly, as bearish shorts got liquidated. This particular price point has historically held…

Doubts Surface Over China Central Bank Currency Plan

People’s Bank of China may be ready with the top-level rules for its hypothetical state-backed digital asset, but doubts are still surfacing over the project’s wider application. China Central Bank Currency Meets Fresh Skepticism The central bank has announced it will “continue its solid study on the digital currency and keep monitoring the latest development of digital currency initiatives around the world,”reported Ejinsight. The next stage, according to Deputy Governor of the PBoC Fan Yifei, is to test the digital asset in a controlled environment in selected geographical regions, starting with…

Show Me the Money: Will Increased US Liquidity Flow into Bitcoin?

The US economy has seen a vast inflow of liquidity in the past decade, but none of that money has made its way into the real economy. Will it find its way to Bitcoin instead?  Growing Liquidity Brings Optimism for 2020 Asset Performance The increased liquidity, however, may have helped to boost Bitcoin (BTC) to its current valuations. And having excess money to boost asset bubbles may continue to support bitcoin. Gabor Gurbacs, digital asset strategist at Van Eck, noted the discrepancy between growing money supply and a lowered velocity…

Texas Securities Board Lists Crypto as High Risk Threat to Investors

Yesterday, January 13th, the Texas State Securities Board published a list of the top threats that investors will face in 2020, with crypto ranking high. Texas regulators voice concerns It has been two weeks since 2020 has started, and investors around the world are interested in seeing what the new year has to offer. Regulators, on the other hand, believe that being aware of potential threats is more important, which is why the Texas State Securities Board, the US state’s regulator, decided to publish a list of largest threats to…

Did Bitcoin Price Rally to $8600 Because of BitMEX Liquidations?

Bitcoin price has made another big move a couple of hours ago as it pulls out of short term consolidation and tapped a two month high. The move came after another mass liquidation of shorts on BitMEX to the tune of almost $40 million.  Bitcoin Price Closes on $8,600 After a three day period of consolidation around the $8,100 bitcoin started to move again. Within a couple of hours, BTC had broken through resistance at $8,400 and carried on higher to tap a two month high just below $8,600 according…

Wells Fargo Needs Tech Upgrade, Time to Partner With Ripple?

Wells Fargo customers are not satisfied with the bank’s old technologies and systems and call for an upgrade. Is it time to adopt blockchain-based solutions or distributed ledger systems like Ripple? While this might be the story of other US banks, Wells Fargo’s struggle is quite representative. From Innovative to Primitive Back in the ‘90s, Wells Fargo was the first American bank to offer online banking. However, the lender is falling short of clients’ expectations in terms of innovations, according to current and former employees. Recently, the Wall Street Journal…