Bitcoin surged by almost 600 points Wednesday after Federal Reserve Chairman Jerome Powell said additional fiscal stimulus is “worth it” to protect the economy. The benchmark cryptocurrency, while rising, broke its correlation intraday with the U.S. stocks, which closed lower. A top crypto analyst said a global market crash could push Bitcoin further higher. The price of Bitcoin rose Wednesday after Federal Reserve Chairman Jerome Powell’s defeatist remarks on the U.S. economy supported the perceived […]

The South-East Asian country of Cambodia is looking to a distributed ledger technology (DLT) network to reinvent their country’s payments and rid themselves of their US dollar reliance.  While at the Consensus Distributed event, the assistant governor and director-general of the National Bank of Cambodia, Serey Chea, revealed the initial plans and set out the […]

The post Cambodia Launches DLT Payments Network, CBDC Imminent appeared first on Asia Crypto Today.

Remittances have been at an all-time high in the last couple of years. Experts predicted that by 2021, migrant workers will send home nearly $600 billion a year. However, the COVID-19 has changed all that. Instead of consistent growth remittances have shown the sharpest decline in recent history. Millions of migrant workers are now unable to send their money home. Cryptocurrency might offer a solution to that problem to prevent a recurrence of this situation. State of remittances in the COVID-19 pandemic Remittances are going down fast, which is a major problem for all remittance-dependent economies. There are quite a

While the stock market has recovered by over 30% since the lows, the “real” economy, so to say is not in a good place. As Chamath Palihapitiya — one of the first Facebook executives and a prominent venture capitalist — said in a recent CNBC “Squawk Box” interview, the economy is now far removed from [...]

The post Bitcoin Gets Boost: President Trump Still Wants Negative Interest Rates appeared first on Blockonomi.

As Neo is anticipating the launch of its newest iteration—Neo3—its founder and CEO Da Hongfei explained what the latest upgrade will bring to the ecosystem. The biggest change to Neo, aside from integrating various tokenization services, will come in the form of a new governance system, where 21 committee members will be voted in by […]

The post 21 committee members to control Neo’s governance in version 3 appeared first on CryptoSlate.

Ever since the COVID-19 pandemic started to grip the world’s economy three months ago, Bitcoin has been seemingly correlated to the S&P 500. Below is a chart of Bitcoin with the futures of the leading index (in blue). As can be seen, save for some slight deviations in the middle and right-hand side of the [...]

The post Prominent Billionaire Doubles Down: Bitcoin Is Still the Most Uncorrelated Asset appeared first on Blockonomi.

Today, the development of technology is rising at an exponential rate, bringing with it many possibilities and possibilities. Artificial Intelligence is one of the most buzzed words […]

The post How Much Does Artificial Intelligence Cost? appeared first on USM.

If you have been around in crypto for the past few years, you likely know of the concept of “Ethereum killers.” Over its five years of existence, Ethereum has become the largest and most prominent smart contract blockchain, with ETH rallying thousands of percent within a few years’ time while the network has seen mass […]

The post Top VC: Ethereum is miles ahead of “ETH killers” in this key category appeared first on CryptoSlate.

The crypto industry was pleased to learn that legendary macro investor Paul Tudor Jones believes that Bitcoin poses an attractive investment prospect. The comments regarding BTC came within an investment note regarding the current global economic outlook. He even went so far as to note that the cryptocurrency could be similar to gold in the […]

The post Paul Tudor Jones isn’t the only billionaire who thinks Bitcoin is like gold in the 1970s appeared first on CryptoSlate.

Bitcoin rallied from $3,800 to $10,000 in two months of volatile trading. The maligned cryptocurrency outperformed its hedging rival Gold on a year-to-date timeframe. Gold underperforms as its correlation with the S&P 500 index grows to an 18-month high. Last week, bitcoin closed above $10,000 almost two months after crashing to below $4,000 in a global market sell-off. The cryptocurrency found its jumping shoes in a multitude of bullish narratives, ranging from deflation-friendly “halving” to […]

To figure out how to value cryptocurrency, you need to understand how the market thinks, feels, and acts. Observing how the market has responded to the many digital assets out there, reveals patterns behind both success and failure. Using these patterns, Bitcoin Market Journal has developed a tool called the […]

The post How to Value Cryptocurrency Using the Blockchain Investor Scorecard appeared first on Bitcoin Market Journal.