Considering everything that global financial markets have gone through in 2020, Bitcoin trading is looking more and more like an investment commodity worth evaluating, and this is clearly reflected by futures contracts at the Chicago Mercantile Exchange at this time. The interest in these financial instruments has increased exponentially over…
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Experts Explain Cryptocurrency To J.K. Rowling
J.K. Rowling, who is the author of the famed Harry Potter series, asked for an explanation of what Bitcoin is. She did this on Twitter, and the result was a lot of commentary from the cryptocurrency world. She said that it started out as a joke, but now she…
Bitcoin's Volatile Price Swings Seem to Continue Well Into May
A few days after the Bitcoin halving event, which effectively reduced the ability of miners to be rewarded with freshly minted tokens for their support of the blockchain network, analysts are reporting strong demand for the world's most valuable cryptocurrency. According to Arcane Research, an analytics firm that…
Bitcoin Is Facing a Crisis That May Leave It Utterly Destroyed
Unbounded Capital's managing partner Zach Resnick made an ominous prediction when he advised the world that Bitcoin (BTC) would experience high transaction fees, increased block time, and a clogged mempool; unfortunately, his prediction has become a reality. Chances of a flash crash In essence, he claims that buyers…
Big Businesses May Soon Use Blockchain Due To Its Rapid Growth
In a new study released by Fortune Business Insights, analysts estimate the blockchain technology market's value will reach at least $21 billion by the year 20205. This is according to a report published in an industry newsletter. Fortune Business Insights is a company that offers market studies and…
Thankfully, Bitcoin's Third Halving Went Great, Despite Predictions Of Catastrophe
A lot of the halving predictions that analysts and investors made about the Bitcoin third halving event have not played out. One of them was from Satoshi claimant Craig Wright, who gave a long-term advance notice two years ago that he was going to make the price of Bitcoin plummet.…