Day: June 5, 2018

Bitcoin “Bubble Bursting” Thesis | Joost van der Burgt Shares his Analysis

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Is Bitcoin (BTC) a real asset or bubble? This question is a continuous discussion. Economists and market pundits have been closely watching Bitcoin mania; some of them are comparing it to teh Dutch Golden Age Tulip Mania, while a few are showing confidence in its future fundamentals. The debate over the shocking Bitcoin price movement and its ability to exist for the long-term hasn’t settled up. Until now. Joost van der Burgt, policy advisor at Federal Reserve Bank of San Francisco, however, believes that Bitcoin is a bubble which is…

Microsoft Bought GitHub | Will it Hurt Monero (XMR)?

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Microsoft Bought GitHub: Even from a company as technologically advanced as Microsoft, the announcement that it acquired GitHub on the morning of June 4th took a lot of people by surprise. In the past, Bill Gates, founder of Microsoft, has critiqued the crypto sector, which is why many are skeptical of this purchase. It’s not that Microsoft is a bad company, it’s that many are worried about the effect this acquisition will have. Specifically, on virtual currencies like Monero (XMR).  In this article, you will see where this fear originated from.  Microsoft…

Etherem Price Watch | ETH/USD Returns Above $600, On Bullish Trend

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Key Highlights: Ethereum returned above the $600 price level on Tuesday following yesterday’s slight pullback off its weekly high. ETH/USD is now on another bullish trend, looking to test a major resistance level at $610. A major support level was established at $585 prior to the current bull run. ETH/USD Breaks Above $600 Once Again On Tuesday morning, Ethereum price broke above the $600 pivot level once again following yesterday’s decline. This is the digital currency’s biggest upward movement after it hit a weekly high of $620 this past weekend.…