Booming Chinese Capital Outflows May Result In 2019 Crypto Bull Run

Increasing rates of Chinese capital outflows over the past few months are presenting the cryptocurrency space with an unprecedented opportunity as citizens of one of the world’s most strictly regulated jurisdictions find ever more ingenious ways to get around financial movement restrictions. China’s Capital Restriction Problem In theory, China has perhaps the most stringent capital

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Bitpay Executive: $20,000 Bitcoin Price in 2017 was an ‘Anomaly’

Bitpay CCO Sonny Singh has stated that the $20,000 bitcoin price at the back-end of 2017 and the price fluctuations throughout 2018 were a bit of “an anomaly”. He also agrees that bitcoin demand and usage were at a low last year and although crypto volatility has been a continuing trend into the new year,

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Bitcoin Transaction Fees Hit Three-Year Low as Lightning Network, SegWit Help BTC Scale

Bitcoin’s transaction fees have recently hit a low they hadn’t seen in over three years, as according to BitInfoCharts the median transaction fee on the flagship cryptocurrency’s network is just $0.029. As pointed out by cryptocurrency community researcher Kevin Rooke on Twitter, the Bitcoin network hadn’t had fees this low since October 2015, when it

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Satoshi Nakamoto: Mysterious Bitcoin Creator World’s 44th Most Powerful Person in Finance

A faceless person called Satoshi Nakamoto has bagged a rank among the world’s top 100 global finance leaders, leaving well-known personalities like Mark Zuckerberg, Kristalina Georgieva, and Paul Krugman behind. Worth.com has named Satoshi Nakamoto the 44th most powerful individual in finance. The pseudonym, who could be a man or a woman, a person or

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Bitcoin Is “Society’s Best Hope for a Private Form of Electronic Money” Says Arthur Hayes

Arthur Hayes, CEO of crypto exchange platform BitMEX, recently said that Bitcoin is society’s best hope for a private form of money. The Seychelles-based BitMEX has risen to become one of the larger crypto trading and exchange platforms in the world. Its CEO, who is known to be bullish on the future of cryptocurrencies, has

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Cryptocurrency Creditors Making a Killing Despite Bear Market

Cryptocurrency creditors have been able to find profits from selling to two types of borrowers: die-hard crypto believers— who expect the market to rebound strongly and institutional investors—who need to get digital assets for short selling. The downturn in the crypto market that saw cryptocurrencies lose more than half of their values have continued into

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63% Of Chinese Respondents Think Bitcoin and Cryptocurrencies Are Unnecessary

A recent survey conducted by Chinese blockchain news site PANews made some interesting conclusions. Namely, overall 63% of 4,200 people surveyed think cryptocurrencies like Bitcoin are unnecessary as a payment system. However, 40% would consider investing in cryptos. About 14% of the people surveyed had invested in cryptocurrencies already. The majority of the people who

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Wall Street is Backing Out of Crypto

Wall Street is quietly moving out of the crypto market, Bloomberg reports. While the market has continued to be battered by news of fraud and imminent regulatory crackdowns, there was a time when it seemed like Wall Street had started to warm up to the rise of crypto assets. Last year, when the crypto industry enjoyed

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PwC FinTech Lead Shares Positive Outlook for Crypto Market in 2019

It’s Christmas and the year is drawing to a close. It’s that time of the year where traders take stock of their investments and prepare for the future. Oddly enough, 2018 seems to be ending on the same note as it started—with mixed feelings. However, while views on the average performance of the crypto market this

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Exploding Cryptocurrency Use in Remittances From US: 15.8% Now Using Cryptocurrency

A new report by research focused cryptocurrency company Clovr, has revealed a significant upsurge in the use of cryptocurrency in remittances across the globe. The study, which surveyed the responses of 707 people sought to delve into their remittance habits, uncovering among other things the destination of transfers, the purpose of the transfers as well as

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