Day: June 29, 2019

Justin Sun Went All Devious on the Expectation of Charity Lunch With Buffett

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Photo: Justin Sun / Instagram Next month is pretty much anticipated as “THE” month, or “the month when one of the richest people on the planet will, or will not, accept the fact that cryptocurrencies are the future”. Of course, we are talking of a much-awaited Justin Sun‘s lunch with a billionaire Warren Buffett. Just for a reminder, every year, Warren Buffett, the CEO of Berkshire Hathaway, auctions off a three-hour lunch date to benefit Glide, a San Francisco charity that fights homelessness and addiction. At the beginning of June,…

Bitcoin Rebound Facing Resistance: More Downsides On The Cards?

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After correcting towards the $10,400 support, bitcoin price recovered above $11,000 against the US Dollar. The price broke the $11,800 resistance, but it faced a strong resistance near the $12,400 level. There was a break below an ascending channel with support near $11,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might decline further towards the $11,000 before it could start a fresh increase. Bitcoin price started a decent recovery above $11,800 against the US Dollar. However, BTC is struggling to settle above $12,000…

Bitcoin (BTC) May Fall by 25% to $9,000 After Reaching $12,400: Analyst

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Bitcoin Ready to Fall by 25%? Wow. After collapsing just the other day, Bitcoin (BTC) bulls are right back at it. Just yesterday, BTC was sitting at $10,400, having fallen by over $3,000 from its local peak at $13,800 — a key resistance level and the 0.618 Fibonacci Retracement level of the entire bear market. Now, the leading cryptocurrency sits at $12,300, still shy of $13,800. While this rapid recovery has many claiming that BTC is ready to take on new all-time highs once again, one analyst suggests that this…

IMF Predicts Central Banks to Issue Digital Currencies

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The International Monetary Fund (IMF) believes that central banks may issue digital currencies in the future, according to a report by the IMF on June 27 According to the full paper, the IMF and World Bank conducted a survey on fintech that solicited answers from financial institutions within all member countries, and has based its conclusions in part upon the 96 received responses. According to the paper, several central banks in different countries are considering implementing some form of Central Bank Digital Currency (CBDC). Uruguay has reportedly launched a CBDC…