Bitcoin (BTC) On A Roll, Bulls Ecstatic After Italy’s New Tax Proposal

Bitcoin (BTC) expands, up 7.4 percent Capital flight from Italy could end up in Bitcoin By zeroing in and targeting personal saving accounts, Matteo Salvini, the Deputy Prime Minister of Italy, is inadvertently advertising Bitcoin. Resilient and thriving with an unpopular decision, BTC bulls are back. Ending the week strongly, prices are up 7.4 percent from last week’s close. Bitcoin Price Analysis Fundamentals Generally, Bitcoin is a machine, a juggernaut whose benefits is enough to promote the first successful digital asset. Withstanding the test of time, shaking off critics-and governments…

Bitcoin Price Trending Higher as World’s Economic Order Derails

On the day the US President Donald Trump announced tariffs on more than $300 billion worth of Chinese goods, he unknowingly woke up a bullish trend in a completely unrelated market. Bitcoin, the world’s leading cryptocurrency, climbed more than 58 percent to hit $9,090 in May 2019, a month which parallelly saw US market’s benchmark indicator, the S&P 500 Index, falling by 6.58 percent — as concerns ascended over the worsening trade war between the US and China. At the same time, the Bitcoin market also performed exponentially better than…

Jack Dorsey Expects Crypto, Blockchain to Be a ‘Secular Trend’ in Finance

By CCN Markets: Jack Dorsey is all in on bitcoin. The tech entrepreneur, who is at the helm of both Twitter and Square, recognizes that cryptocurrency and the blockchain will become a “secular trend” in financial services going forward, according to an interview he did with Quartz in London. He doubled-down on his belief that there will be a “global currency for the internet,” and bitcoin remains the “strongest candidate” for the job. Dorsey likens the internet to the “equivalent of a nation state,’ saying that “it will have a…

Bitcoin Surges as Analyst Warns That Binance Triggered ‘Altcoin Winter’

 By CCN Markets: The bitcoin price climbed as high as $8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3. The trigger for that rally? Binance. The fallout? A punishing “altcoin winter” that could slaughter altcoin valuations while bitcoin continues to trend higher. Binance US Launch Could Trigger Brutal Altcoin Winter The bitcoin price cleared $8,450 on Bitstamp. | Source: TradingView That’s the shocking analysis of crypto economist Alex Krüger, who warns that Binance’s decision to launch a regional US exchange and boot US traders…

Facebook Recruits Bank Lobbyist for Regulatory Assist with Crypto GlobalCoin

By CCN Markets: Facebook has just hired a senior UK bank lobbyist ahead of GlobalCoin launch to help the company cope with European regulations. According to the Financial Times, Facebook will employ Standard Chartered European Head of Corporate and Public Affairs Ed Bowles from September as its London-based director of public policy. Bowles leaves Standard Chartered after 12 years to join Facebook, the company that is expected to release the whitepaper of its upcoming centralized cryptocurrency, GlobalCoin, in four days. Regulatory Compliance in the Spotlight As Facebook had been facing…

The Path To Evolution Is Behind Dash’s Resurgence, Add 5.4%

Dash bulls in control, prices up 5.4 percent ChainLocks is an assurance of Dash security Before Evolution, the latest Dash upgrade introduces ChainLocks. It is a shield against the disastrous effects of a Majority Attack. Since the benefits of Evolution are massive and instills confidence, Dash prices responded. At the time of writing, it is up 5.4 percent from last week’s close. Dash Price Analysis Fundamentals Capitalizing on a horrendous leadership, Dash is quite literally replacing the worthless Venezuelan Bolivar. Decimated by hyperinflation, cryptocurrency is, by and large, the perfect…

Bitcoin Can Be a Hedge During Persistent Liquidity Crises: Grayscale

By CCN Markets: Global financial crises are on the rise, thrusting bitcoin into the spotlight. Legendary investor Warren Buffett called bitcoin “rat poison squared,” but it turned out to be nectar, nevertheless. The world’s largest cryptocurrency’s valuation jumped approximately 47 percent between May 5 and May 31 to close the month nearly $8,500. The same period witnessed the U.S. market’s benchmark indicator, the S&P 500, drop by approximately 6 percent. The bitcoin price was on a tear in May. | Source: TradingView Analysts called the bitcoin price surge a net…

Ripple’s Expansion Strategic, xRapid Adoption Pivotal

Ripple (XRP) prices constant Luiz Antonio Sacco will lead Ripple’s ambitions in South America As part of their expansion plans in South America, Ripple is acquiring the services of Luiz Antonio Sacco. He will spearhead their initiative, implementing Ripple’s strategy. XRP is stable at press time, adding a paltry 1.4 percent in 24 hours. Ripple Price Analysis Fundamentals Employing XRP as a facilitator, xRapid does two things. First, it lowers transaction costs while simultaneously hastening settlement. Secondly, it eliminates intermediaries like banks. The reason for this is because of xRapid’s…

This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

 By CCN Markets: Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency.  And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method. But it’s slowly changing. As more money flows into bitcoin, it’s becoming less volatile. And that means it’s becoming better money. Extreme daily bitcoin price movements are much rarer than in the past. | Source: Fernando Nieto As you can see, the graph shows extreme daily price movements are…

Google Trends Bitcoin Searches, a Key Price Indicator, Turn Mega Bullish

By CCN Markets: On June 7, Coin Street News (@CoinStreetNews) shared a chart on Twitter that could have serious implications on bitcoin’s price action. The account specializes in technical analysis of cryptocurrencies and other assets. They posted a Google Trends chart and revealed that “there are more people searching ‘bitcoin’ now than during the 2013 bubble.” The tweet also noted that the year-over-year data for the search term “bitcoin” has gone up for the first time in the past year. Coin Street News noted the significant rise in the search…