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Archive for July 2019

Just 64% of Legitimate IEO’s Were Profitable, New Data Shows

Research from The Block shows that while some IEO’s have been wildly successful, the majority are not profitable for investors. IEOs are Popular but Not Always Profitable On Wednesday blockchain and cryptocurrency researcher, Larry Cermak posted an intriguing Twitter thread about the performance of IEOs in 2019. According to The Block head of research, about…

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LedgerX Launches Physical Bitcoin Futures Before Bakkt

U.S. citizens can now purchase physically settled Bitcoin futures contracts using LedgerX’s Omni platform. What does this mean for Bitcoin price? If You’re Not First You’re Last!  On Wednesday BTC derivatives provider LedgerX revealed that it had launched physically-settled Bitcoin futures contracts. This makes the company the first to offer such a product in the…

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Bitcoin Cannot be Banned, But Can it Be …..?

On Tuesday, Senate Banking Committee Chairman Mike Crapo said that the US couldn’t technically ban Bitcoin, given that it is a global innovation. However, in theory, there does exist a handful of ways to kill Bitcoin. US Politicians Agree that Bitcoin is Unbreakable Yesterday, the US Senate Committee on Banking, Housing and Urban Affairs discussed…

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Bitcoin Is ‘Ludicrously Underpriced’: Ex-Goldman Sachs Exec

Bitcoin’s market cap could explode to $8 trillion even under conservative estimates, former Goldman Sachs executive, Raoul Pal has said.  Bitcoin Market Cap To $8 Trillion? Speaking during his appearance on the Stephan Livera Podcast July 29, Pal, who is founder and CEO of Global Macro Investor and Real Vision Group, suggested the potential for…

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Bitcoin Still Ranks Lower Than EOS And Tron, Chinese Gov’t Says

Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31. CCID: Bitcoin Not A Top 10 Cryptocurrency According to the latest instalment of the rankings, which the CCID Research Institute of the Ministry of Industry and Information Technology of China publishes regularly, Bitcoin came in 11th…

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US Couldn’t Ban Bitcoin –

Yesterday saw yet another U.S. Senate Banking Committee hearing on regulatory frameworks for digital currencies and blockchain. Libra got another bashing, and Chairman, Mike Crapo, surmised the U.S. “couldn’t succeed” in banning Bitcoin and cryptocurrencies even if it wanted to. Good Start For Bitcoin, Bad For Facebook Crapo introduced the hearing on a positive note for…

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India’s Apex Tech Body Lambasts Govt’s Proposed Bitcoin Ban

As the Indian government considers banning bitcoin and cryptocurrency trading and holding, Nasscom, the country’s top software, and information technology body has spoken out against the proposal. India Moves to Ban Bitcoin Lately, the press has been aflame with reports that India will ban and criminalize bitcoin and cryptocurrency trading. Earlier last week, an inter-ministerial…

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Impending Golden Cross Could Start The Next Bitcoin Rally

Crypto analysts and investors are growing increasingly giddy about an impending golden cross on Bitcoin’s 3-day price chart. Is a Trend Reversal on the Cards? Since topping out at $13,800 Bitcoin has taken a prolonged beating as buying pressure evaporated and bears took control of the wheel. Bearish analysts have predicted that Bitcoin could drop…

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