Cryptocurrency News
India’s economy is making swift progress towards the digitization of money. Whilst this is great news, as they are keeping up with technological advances globally, India is faced with consequences surrounding the weak infrastructure, lack of internet access, smartphone devices and weak financial technology that is necessary for online payments. According to Credit Suisse, over … Read more
ADVERTISEMENT The price of bitcoin rose nearly $30 over one hour of trading today, spiking to $740 as it continued to test 2016 highs. The sudden boost followed a relatively slow uptick over the course of recent trading sessions, with the price fluctuating between $706 and $713 from 0:00 UTC on 15th November to 12:00 … Read more
Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation has sparked interest in bitcoin among India’s consumers. Following last week’s announcement that the notes were no longer legal tender, sales volumes for bitcoin increased on several exchanges for the digital currency, according to The Hindustan Times. The announcement by … Read more
The Central Bank of Argentina and government representatives have asked the Bitcoin community to join efforts to eradicate financial exclusion, transform the financial industry, promote financial opportunities, and reduce inflation. Officials made their request at the Latin America Bitcoin & Blockchain Conference (laBITconf), on November 5 in Buenos Aires, Argentina. Central Bank of Argentina Approaches … Read more
As we postulated in our last discussion, Bitcoin was due for another wave down, and indeed has begun on that path since. We typically look at the daily chart here, since this column only publishes once a day, but this time let’s look at the 8-hour chart: This chart is amazing. Or at least I … Read more