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Bitcoin Safe Haven Status Under Fire Following US Federal Reserve Rate Cuts to Combat Coronavirus Disruption

Bitcoin Safe Haven Status Under Fire Following US Federal Reserve Rate Cuts to Combat Coronavirus Disruption

The reaction of the bitcoin market to the first rate cut from the Federal Reserve since December 2008, during the global financial crisis, is being carefully observed by the crypto community and may eventually reveal the cryptocurrency’s true nature.

Why Cryptocurrency Is Not A Viable Global Reserve Currency to Replace the US Dollar

Why Cryptocurrency Is Not A Viable Global Reserve Currency to Replace the US Dollar

With the recent rise of cryptocurrency, there have been talks about the digital currency poised to become a global reserve currency, thus replacing the U.S dollar. Based on the virtual currency’s potential, it can become the next global hedge currency. But let us look at the facts in the financial market, especially from the dimensions of regulations, digital currency, and fiat currency. This move would help us understand whether the claims hold water.

Bitcoin’s Adoption Rate Puts Price at $100,000 by the end of 2021 and 30% of the World Owning BTC in 4 Years

Bitcoin’s Adoption Rate Puts Price at $100,000 by the end of 2021 and 30% of the World Owning BTC in 4 Years

Crypto analyst Willy Woo recently highlighted that with the Bitcoin adoption rate witnessed in history, 30% of the world would own Bitcoin in 4 years' time.

Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut

Japan’s Finance Minister Says No Plans to Lower Taxes for Cryptocurrencies Amid Call for Tax Rate Cut

Japan’s finance minister stated that there is no need to lower crypto tax rates.

MakerDAO, on the Significance of Multi-Collateral Dai and Dai Savings Rate

MakerDAO, on the Significance of Multi-Collateral Dai and Dai Savings Rate

In part two of our interview with Gustave Arentoft, Business Development, Dai Speaker, MakerDAO: he shared with us the significance of the launch of multi-collateral DAI and Dai Savings Rate (DSR), as well as his favourite Dapps which integrates DSR.

Paxful Research Reveals How Nigerians Are Fighting Devaluation of Native Currency Naira with Bitcoin

Paxful Research Reveals How Nigerians Are Fighting Devaluation of Native Currency Naira with Bitcoin

The current pandemic has led to a devaluation of Nigeria’s native currency Naira and affected how cryptocurrency trades are conducted in the country.

Bitcoin Is Better Than Gold: Crypto Exchange Coinbase

Bitcoin Is Better Than Gold: Crypto Exchange Coinbase

On May 1, 2020, the world's leading cryptocurrency exchange Coinbase published an article on its blog claiming that Bitcoin is superior to gold. The crypt exchange had earlier published a similar article where they supported Bitcoin over Gold due to its ease to audit, anonymity, low transaction fee, and ease to be fragmented into smaller fractions.

Singapore Exchange Launches SGX iEdge Bitcoin Index and iEdge Ethereum Index with CryptoCompare

Singapore Exchange Launches SGX iEdge Bitcoin Index and iEdge Ethereum Index with CryptoCompare

Singapore Exchange (SGX) will launch crypto indices—the iEdge Bitcoin Index and iEdge Ethereum Index.

Crypto.com Launches Turkish Language Version of App and Crypto Exchange

Crypto.com Launches Turkish Language Version of App and Crypto Exchange

Crypto.com are services for Turkey, a rapidly emerging digital market with a strong affinity for and a high adoption rate of cryptocurrency and blockchain technology.

Bitcoin Exchange Outflow Volume Soars, Why Are BTC Holders Not Selling Off?

Bitcoin Exchange Outflow Volume Soars, Why Are BTC Holders Not Selling Off?

Bitcoin’s Exchange Outflow Volume (7d MA) just reached a 1-month high of $102,299,130.40. This shows people are holding onto BTC more long-term.

Bitcoin.com Exchange Collaborates With Changelly For Seamless Crypto Swaps

Bitcoin.com Exchange Collaborates With Changelly For Seamless Crypto Swaps

Changelly cryptocurrency exchange platform partneres with Bitcoin.com Exchange, a new cryptocurrency exchange in the crypto market to ensure that customers enjoy seamless swapping of cryptocurrencies

Lebanon Considers a Central Bank Digital Currency for 2021

Lebanon Considers a Central Bank Digital Currency for 2021

The Governor of The Central Bank of Lebanon Riad Salameh has revealed the possibility of the bank launching a digital currency by 2021.

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