Jeff Schumacher at Davos: Bitcoin Price Will Go To Zero

TL;DR BCG Digital Ventures founder, Jeff Schumacher, spoke on this year’s World Economic Forum meetup at Davos, predicting the nosedive of Bitcoin’s price. Among other topics, attendees discussed the blockchain technology and cryptocurrency, sharing their views on its future. While the dominating opinion remains skeptical of cryptocurrencies, all agreed that the token value mostly depends on the usefulness of the underlying protocols. World...

eToro adds ZCash: ZEC becomes the 14th crypto asset available on eToro’s platform

eToro, the global, multi-asset, investment platform with over ten million registered users, has today added ZCash (ZEC) to its product range. This brings the total number of cryptoassets available on eToro to 14. ZCash is a decentralised payments network, designed to offer users greater privacy options. Often referred to as a competitor to Bitcoin, Zcash was developed in 2016, and...

New Findings Claim that Ripple Market Cap is Only $6.1 Billion (Overstated by 48%)

A new report, published by the crypto research firm Messari, claims that XRP market cap ($13 Billion when writing this post) is overstated by $6.1 billion, according to their findings. The company calculated that the market cap is overstated by 48%, meaning that it should be roughly $6.9 billion. Messari found this by analyzing the circulating supply of XRP and...

The Binance KYC Data Breach: The Hacker Confirms the Attack

TL;DR Recent reports — claiming that the hack of Binance and three other large crypto exchanges were false — appear to be wrong, according to the hacker themselves. In response to the accusations of not having data or simply obtaining it by phishing, the hacker ExploitDOT provided further proof to support their claim. The hacker also accused the media of trying to...

Ripple Price Analysis Jan.24: Waiting For The Next Move

Not much has changed since our last post. However, according to the chart’s structure, it looks as though a breakout can be expected to take place very soon. BTC is still holding the support level of the 0.618-0.764 Fibonacci retracement level and above the horizontal support level of (from Daily chart) at the $3,600-$3,400 price level. XRP is currently trading at...

Bitcoin Does Latin America: LocalBitcoins Volume Keeps Increasing Drastically Since 2017

The citizens of Latin American countries – from which many are experiencing hyperinflation in regards to their national fiat currencies – are trading a surging number of BTC. According to Coin.Dance, the trading volume of Localbitcoins users in Venezuela – that is in the midst of an economic crisis -, Argentina, Uruguay, Colombia, and Chile has drastically increased since...

Bitcoin Price Analysis Jan.24: Attempting To Break Up With No Volume

Not much had changed since our previous BTC price analysis from yesterday: Bitcoin is still consolidating in the tight range of $3500 to $3600. This move was followed by a low amount of volume, and it looks like that Bitcoin is seeking to find its next direction. Looking at the 1-day & 4-hour charts Bitcoin is attempting to break out the descending...

VanEck-SolidX Bitcoin ETF Proposal Withdrawn: What does this Really Mean for Bitcoin?

For the past several months, the crypto community was waiting for an event that was believed to be the next step for the crypto growth. The event in question was a decision that was to be made by the US SEC regarding the possible approval of a Bitcoin ETF. While there were many Bitcoin ETF requests submitted for approval in...

Does Bitfinex Exchange Operate Fake Facebook Profiles and Commenting to Change Public Opinion?

TL;DR Bitfinex or their PR company may be creating fake Facebook profiles to post artificial comments to sway public opinion about the exchange It will be interesting to see if those bots will auto-comment positive insights on this article as well Bitfinex, one of the largest crypto exchanges, is no stranger to controversy. In the past year alone, the exchange has been...

John McAfee: I Will Be Managing My Presidential Campaign From a Boat

TL;DR John McAfee, known as a creator of McAfee Antivirus Software, as well as a vocal cryptocurrency supporter, has announced plans regarding his run for the presidency in 2020 US presidential elections. McAfee is currently “in exile” while trying to avoid the IRS by being in international waters. However, his plans reveal that he will have a surrogate presence in the...