By CCN Markets: With all of the crypto attention currently centered on Facebook’s Libra cryptocurrency, bitcoin could be gearing up for its best run to date. Fundstrat Co-Founder Thomas Lee believes that it is headed much higher in the near future, predicting that a fear-of-missing-out, or FOMO, will catapult the bitcoin price to $ 40,000 sooner than later. According to a Bloomberg report, Fundstrat’s latest report suggests that a higher bitcoin price is being supported by “market transparency and integrity.” In turn, a rising BTC price is expected to fuel gains in the Grayscale Bitcoin Trust (GBTC), which “tracks bitcoin’s market
Argentina’s Failed Peg
In the 1990s, the Argentine peso was pegged to the U.S. dollar. This meant that the Argentine government guaranteed that anyone could exchange one Argentine peso for one U.S. dollar. If you had 1,000 Argentine pesos in your bank account, you could walk into the bank and ask for US$ 1,000 and the teller would hand it over.
By 2001, the peg had become unsustainable and the government of Argentina abandoned it. As a result, the exchange rate went into freefall.
Wikileaks’ bitcoin address has received a deluge of support following founding editor Julian Assange’s arrest. Donations have reached nearly $ 32,000 on Friday, 60% more than was raised the day before, when Assange was taken into custody.
BTC Donations Reach $ 32,000
More than 6.3 BTC worth of donations to Wikileaks has been recorded from 272 transactions at the time of going to press. About $ 20,000 of donations poured in on April 11, when police dragged Assange out of the Ecuadorian embassy in London where he had been holed up for the past seven years. In 2016, Wikileaks’ bitcoin address reached a milestone of 4,000 BTC, five years after turning to cryptocurrency to avert financial censorship.
SoaR Gaming, an esports organization that fields teams across Fortnite, Call of Duty and CS:GO, announced Sunday that it has partnered with Eleven Gaming to expand its brand. A new chapter…@SoaRGaming 🚀 x @E11Gaming 👾 📰 Read More: https://t.co/IOMQpggqDP pic.twitter.com/MzwqrRd5PI — SoaR (@SoaRGaming) March 17, 2019 According to the announcement, the partnership with Eleven Gaming, […]
Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $ 3.42 billion, up from the $ 3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from $ 5.07 to $ 5.48. The company’s revenues for the quarter stood at $ 28.34 billion as well, significantly beating the $ 1 billion
The bitcoin price will rocket over the next three years, and cryptocurrency valuations will spike accordingly, says Jeremy Allaire, the co-founder and CEO of Circle, a peer-to-peer payments technology company backed by Goldman Sachs. While Allaire was reticent to set a specific bitcoin price target, he predicts that its value will unquestionably be a lot higher in … Continued
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With cyberattacks on the rise, Gibraltar Blockchain Exchange (GBX) has announced an insurance policy to cover its digital assets in partnership with Gibraltar-based Callaghan Insurance. Cryptocurrencies held in both the hot and cold wallets of the trading platform will be insured.
Cyber Insurance for Cryptocurrencies
“We are delighted to announce the introduction of insurance coverage … this represents an important step in attracting users who require strict assurances around the security of their assets,” Nick Cowan, chief executive officer of GBX, said in a statement on Dec. 10.
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In another one of his famous bitcoin predictions that gets widespread news coverage, billionaire investor Tim Draper is now predicting that the price of bitcoin, which today traded at around $ 8,100, will rocket to $ 250,000 in four years.
Draper, a founding partner in Draper Associates, made the prediction on April 12, 2018, at the Block (Chain) Party at Draper University in San Mateo, California. “I’m thinking $ 250,000 a bitcoin by 2022,” the investor said, standing in front of his self-named university and wearing a purple tie with gold bitcoins blazoned upon it. “Believe it. They’re going to think you’re crazy, but believe it. It’s happening and it’s going to be awesome!”
The market cap of Japanese online broker Monex Group shot up 20% April 3 after rumors spread about it buying troubled cryptocurrency exchange Coincheck.
Monex Shares Surge 20%
Data from Bloomberg currently circling social media shows the company attaining a market cap of $ 1 billion, up from $ 800 million. Shares had made gains from 344 to 424 yen per piece.
The news, originally reported by Nikkei but which Monex has not yet officially confirmed, comes as Coincheck continues to face stringent inspections from Japan’s regulator since it lost $ 530 million to hackers in January.