Since the beginning of the year, rising crypto prices have seen a shift in interest to the cryptocurrency ecosystem. These claims can be backed up by the increased search results of Bitcoin on Google since last December. However, there is a single country that stands out among all others as a benchmark. West African nation, Nigeria has consistently led the pack over the last year. Ghana and South Africa are the only other African countries that come close. Nigeria is Africa’s largest economy. Nevertheless, the West African nation is […]
Bitcoin News
Latest Bitcoin Scam Targets Google AdSense Banner Owners
Bitcoin scams have been around since its inception and many law enforcement agencies have come in contact with them. Many Bitcoin cases involve hacking while ransomware attacks are one of the most common types of scams. Ransomware attacks are those that target a certain device or server and then continue to attack until the ransom […]
Peter Shiff on Bitcoin Again – BTC Can Never Succeed As Money, Though it’s Price May Rise
Peter Schiff on Bitcoin A controversial high profile figure in the crypto industry, Peter Shiff talks about Bitcoin again. This time, he sounds optimistic regarding the future price of Bitcoin. As per him, though Bitcoin cannot gain the position of money, it’s price may rise in the coming years. Peter Schiff’s Sharp U-turn It’s worth […]
Bank of England Official Points Why Bitcoin Will Not Become a ‘Mainstream Mode of Payment’
The cryptocurrency community has always considered the effectiveness of digital assets to be its most effective feature. This concept was recently discussed by a major bank official who pointed to the industry’s speculative parameter. Peter Zimmerman, a senior economist at the Bank of England [ BoE ], claimed that the main obstacles that affect crypto […]
Bitcoin Swoops In To Save The Flailing Asian Economy While Coronavirus Spreads
Cryptocurrencies emerged in the time of crisis as a way out for people and that was noticed in multiple cases. Some say that citizens prefer digital assets during turmoil because of the stability it offers for transactions and settlements. A recent study showed that Bitcoin and its compatriots had shot up in value as the […]
India Battles With New Bitcoin Scam Worth 15 Crores
Bitcoin frauds and scams have made multiple news stories since its inception and the scale at which it is progressing has also been recorded by multiple agencies and departments. The latest such scam to come out was from India, where cryptocurrencies are considered illegal. According to reports, two people were arrested in Jaipur, India for […]
Bad News for Bitcoin, DoJ Busts an Enormous Money Laundry Operation
The growth and adoption of Bitcoin and other cryptocurrencies have long been subdued by the notion that they are tied to the dark web and the criminal world. This perception is basically because the crypto technology started as a payment method on darknet marketplaces. Over the years, this narrative has been gradually disappearing. However, traces […]
The Bitcoin Perma Bull Predicts Bitcoin Value at $40K in 2020
Fundstrat Managing Partner Thomas Lee made yet another prediction on the crowning cryptocurrency, Bitcoin. Lee predicts Bitcoin may hit $40K this year, almost triple its current value. Speaking at the CNBC’s Power Lunch, Fundstrat’s Lee impressed Bitcoiners yet again. He notes that the largest cryptocurrency is going to rally in 2020. As per his prediction, […]
Mid-Week Market Analysis for Bitcoin, Ethereum and Ripple
Cryptomarkets Highlights Bitcoin and Ethereum have been front running the entire crypto markets. Last week’s Ethereum upward momentum at the $200 suggested a possibility to break through its hurdles. Now the second leading crypto by market capitalization is trading $246. On the other hand, Bitcoin has already broken out from the $10,000 price resistance. Bitcoin […]
Grayscale’s Barry Silbert Thinks US Will Be The Next BTC Mining Hotspot After China
China has been a driving force in cryptocurrency adoption, at least in the Asian sector. Several major players were looking at the Red Dragon as the marker for development in the decentralized assets space. New comments from proponents of the space have now shown that there was a swing occurring where people preferred to conduct […]