bitcoin Cryptocurrency News hong kong Op-ed 

Bitcoin Twitter Is Daydreaming About a Hong Kong Bank Run

Crypto-fever dreamers cheered as Hong Kong protesters suggested organizing a bank run, but apparently rioters didn’t flock to bitcoin. | Source: Shutterstock By CCN Markets: There’s nothing like a bank run to bring out the bitcoin-fever dreamers. Hong Kong protesters reportedly tried the tactic in their latest effort to stop what they see as unfair practices of their government. A prominent leader of the protesters called for a run on the banks, urging people to drain their accounts. The call was music to the ears of bitcoin enthusiasts, many of…

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bitcoin Craig Wright Cryptocurrency News satoshi nakamoto 

Mystery ‘Satoshi Nakamoto’ Claims He’s Hodling $10 Billion in Bitcoin

Move over, Craig Wright! The “real” Satoshi Nakamoto vows to reveal himself this week and claims he’s hodling 980,000 bitcoin. | Source: Shutterstock By CCN Markets: Move over, Craig Wright! The “real” Satoshi Nakamoto vows to reveal himself as the true inventor of bitcoin over the next few days. What’s more, the “real” Nakamoto claims he’s currently in possession of 980,000 BTC. Using today’s bitcoin price, that stash is worth more than $10 billion. A blockchain company called Satoshi Nakamoto Renaissance Holdings promised that the “real” Satoshi would finally break…

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bitcoin Bitcoin Analysis Cryptocurrency News Turkey 

Turkish Bitcoin Adoption Ramps Up amid Flagging Economic Recovery

Turkey interest in bitcoin remains robust as the economy struggles to recover from the collapse of the lira from 2018. | Source: Shutterstock By CCN Markets: Turkey likes bitcoin more than any of the other 14 nations polled in a recent survey by Dutch banking group ING. Sixty-two percent of Turks were crypto positive, while 36% said they would be happy to be paid in bitcoin. Meanwhile, Austrians were the most skeptical, with only 13% being pro-crypto. Screenshot of ing.at poll These sentiments make perfect sense given Turkey’s recent economic…

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bitcoin Bitcoin & Blockchain Investments Brian Armstrong coinbase Cryptocurrency News 

Coinbase CEO Just Revealed a Big Catalyst for Bitcoin’s Price

Coinbase CEO Brian Armstrong | Source: Steve Jennings/Getty Images for TechCrunch/Flickr By CCN Markets: Bitcoin has been trading sideways of late but it might not be long before the flagship cryptocurrency moves up thanks to Coinbase CEO Brian Armstrong’s latest reveal. Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it’s safe to say we now know the answer. We’re seeing $200-400M a week in new crypto deposits come in from institutional customers. — Brian Armstrong (@brian_armstrong) August 16, 2019…

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bitcoin Cryptocurrency News tom lee 

Bitcoin Could Break Through to a New High in 2019, Predicts Tom Lee

Bitcoin bull Thomas Lee is not the least bit spooked that investors didn’t flock to bitcoin while the stock market signaled a recession. | Source: YouTube/Upfront Ventures By CCN Markets: A debate has been raging about whether or not bitcoin should be deemed a safe-haven asset. After all, the leading cryptocurrency sure wasn’t behaving like one and investors sure weren’t doing a flight to safety in crypto while the equity markets were getting hammered this week. Even now, bitcoin is quietly holding onto $10,000 but not before having dipped below…

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bitcoin Bitcoin Analysis Op-ed store of value 

Bitcoin Will Never Be a Store of Value. Here’s Why

Bitcoiners claim that BTC is a store of value, but it doesn’t meet the requirements, according to one fund manager. Source: Shutterstock As the resident bitcoin skeptic at CCN.com, it’s my job to make logical and reasoned arguments against holding bitcoin. Today I argue that bitcoin is not a store of value as some claim, and never will be. It’s not even a hedge. “Store of Value” Does Not Mean What You Think It Means The concept of a “store of value” means that a given object can be exchanged…

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bitcoin Bitcoin Analysis Bitcoin Price News Bitcoin Value Cryptocurrency News Trump yuan 

Bitcoin Price Explodes Past $12,000, ‘Clear Skies’ to 2019 High

Bitcoin price shatters a new milestone amid a stock market tumble. | Source: Shutterstock The bitcoin price pierced $12,000 on Tuesday as traders seek refuge from global instability on traditional markets. As global stock markets reel from the escalating trade war between the US and China, Bitcoin has climbed more than 20% in five days, briefly hitting $12,265 on Coinbase. The move upwards was accompanied by the strongest volume in over two weeks. The bitcoin price rocketed past $12,000 on Tuesday as global instability grips the stock market. Source: TradingView…

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bitcoin Bitcoin Exchange Cryptocurrency News venezuela 

Venezuela Bitcoin Trading Skyrockets amid Insane 1,000,000% Inflation Projection

Bolivar-to-bitcoin trading in Venezuela skyrockets to a new all-time-high. | Source: Shutterstock The number of Venezuelan Bolivars that were exchanged for Bitcoin last week hit a new all-time high as the International Monetary Fund (IMF) projected that Venezuela will experience the world’s highest inflation rate in 2019. During the week that ended on August 3, the number of Venezuelan Bolivars that were exchanged for Bitcoin rose to nearly 67 billion. The previous record was nearly 58 billion and this was recorded a little over a fortnight ago, according to Coin…

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bitcoin Bitcoin Analysis Bitcoin Exchange BitMEX Cryptocurrency News 

Bitcoin Traders Abandon Exchange Amid CFTC Probe

Bitcoin traders yanked a staggering $525 million off BitMEX in July amid rumors of a CFTC probe and competition from Binance. | Source: CNBC/YouTube (i), Shutterstock (ii). Image Edited by CCN. July wasn’t exactly a banner month for crypto investors, but it turns out it was even worse for one of the world’s largest bitcoin trading platforms: BitMEX. BitMEX Just Had Its Worst Month Ever by One Key Metric Data curated by TokenAnalyst reveals that BitMEX, a cryptocurrency exchange that offers up to 100x leverage, suffered nearly $525 million in…

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Binance bitcoin Bitcoin Analysis Bitcoin Price News Craig Wright Donald Trump Opinion 

Trump Triggered the Latest Bitcoin Price Spike

Binance Research made the specious claim that the that latest bitcoin price spike was caused by President Donald Trump’s tariff rhetoric. | Source: NICHOLAS KAMM / AFP (i), Shutterstock (ii). Image Edited by CCN. Binance Research, the research arm of the world’s largest crypto exchange, claims that President Donald Trump caused the latest bitcoin price spike. Binance Research made the specious claim on Twitter, where it noted: “BTC has rallied, together with multiple safe-haven assets, after Trump’s latest tariff storm. Will the trade war continue to be a catalyst for…

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