News that global investment bank Goldman Sachs is to begin using its own money to trade cryptocurrency has emboldened the sector with expectation that it will pave the way for wider adoption in Wall Street. The new trading operation will take a cautious approach to trades and will not initially...
The unique combination of anonymity and traceability that Bitcoin offers for financial transactions is the main driver for growth, according to new research from The Association of Financial Analysts. Around a third of respondents backed these twin factors as the biggest driver for growth. Bitcoin has become the most prominent...
Financial cryptocurrency consortium R3 Blockchain has expanded with the addition of the National Bank Of Egypt in the Middle East. The NBE joins well over two hundred financial service firms, central banks, technology companies trade associations and regulators in the global blockchain initiative. “We can better assess the value this technology...
The cryptocurrency sector may be set to grow significantly, hitting a record US$1 trillion in the next six months, according to a new survey by The Association of Financial Analysts. In total, the largest proportion of respondents (42 percent) expected the market to return to growth, either returning to the...
Bitcoin rose approximately 5% on news of a potential rescue for hacked cryptocurrency exchange Coincheck by financial services company Monex. Tokyo-based Coincheck suffered when hackers stole over US$520 million worth of NEM cryptocurrency from in January, the largest-ever breach in the space. Some suggested that North Korea might have been...
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Tensions between China and the U.S. over steel tariffs and increasing protectionist measures on a global trade are predicted to drive a rebound in demand for Bitcoin and other cryptocurrenices as a store of value to hedge against political risk, according to investment analysts. The recent escalation between President Trump...
Bitcoin may be set to push back to the US$20,000 mark, according to the latest analysis from Forbes. The financial research firm writes that "Bitcoin and other digital coins, or alt-coins, have likely found a bottom" and predicts that the current down trend may be about to reverse, possibly with...
A recent poll suggests that Ethereum users would support adopting a hard fork that renders Ethereum ASIC miners obsolete. Published by Ethereum developer Vlad Zamfir,55 percent of the 4,904 respondents indicated that they would support a hard fork to make Ethereum ASIC miners ineffective, while just 14 percent said unequivocally...
Bitcoin risks entering a technical "death cross" soon, but the bearish signal will likely not be as severe as has been made out in reports and may signal a rebound.  A death cross occurs when the 50-day moving average (MA) cuts the 200-day MA from above (bearish crossover), indicating a...