Crypto Bull Market-ARE YOU READY TO RUN WITH THE BULLS? The crypto bull market has been pretty light on the news this week which gives us a chance to reflect on the last bull run in 2017. Make sure you take time to consider your personal goals and profit points for the next run and...Continue Reading
Ethereum Blockchain- No Vacancy Vitalik Buterin, has said that the Ethereum blockchain is almost full and that its scalability is a big bottleneck. He stated that: “If you’re a bigger organization, the calculus is that if we join, it will not only be more full but we will be competing with everyone for transaction space....Continue Reading
GUESS WHOS BAKKT, BAKKT AGAIN Partnering with ICE Futures US and ICE Clear US, Bakkt have finally been cleared for launch by the CFTC. On September 23rd this year, Bakkt will bring the investment community a custodially held and physically settled platform which could in turn act as a significant catalyst for Bitcoin price appreciation....Continue Reading
FEDERAL RESERVE BUILDING ON BLOCKCHAIN? The US Federal Reserve Board has announced it will create a service called FedNowSM, a payment network “…intended to advance public policy goals for faster payments and to help support the modernization of the nation’s payment capabilities”. While the announcement doesn’t specifically reference partners or blockchain, they do mention they’ve...Continue Reading
IS FACEBOOK BACKING OUT OF LIBRA? Libra & Facebook has had a less than ideal first few weeks in the spotlight. US Congress has made it abundantly clear that anything other than regulatory perfection from Calibra and Facebook would end with fines and legal proceedings. CNBC reported this week that Facebook admit the launch of...Continue Reading
BitMEX AND DR DOOM Earlier this week, US economist Nouriel Roubini aka Dr Doom (who was once described as a ‘Bitcoin sadist’), criticised Seychelles-based BitMEX for violating strict US regulations which prevent American citizens from trading on their platform. Roubini went so far as to accuse the platform of aiding in money laundering and referred...Continue Reading
TRUMP TWEETS Last week, bitcoin and cryptocurrency were thrust into the Twittersphere spotlight once again but this time thanks to Donald Trump who tweeted the below from his personal account. This is the first time a sitting American President has referenced publicly or even acknowledged cryptocurrency. It seems the news of Libra has unsettled the...Continue Reading
MiningStore’s Weekly Rundown RECESSION FEARS AND BANK LAYOFFS It’s been a week of recession fear and bank layoffs. Bitcoin has been resilient and seems to have settled in a fairly broad trading range of $10k – $13k USD, which begs the question as to how much money is leaving the traditional options of banks, bonds,...Continue Reading
MiningStore’s Weekly Rundown A SLOW WEEK WITH NEW OPPORTUNITY The crypto market cooled down a bit this week. Bitcoin led the downturn by coming off the $14K USD high to retrace about 43% (down to $10K USD) over five days. With bitcoin’s impressive performance skyrocketing to a 170% increase over 58 days at its peak...Continue Reading
Institutional money flowing into BTC Bitcoin has had a massive week, smashing upwards of $11… $12… $13 and even touching $14K USD before a significant correction back to $10.5K USD overnight. It’s safe to say we are right in the midst of the next bull run. Some key drivers pushing this growth can be seen...Continue Reading
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