Day: July 25, 2019

Is Bitcoin Money? Revisiting Mises’ Regression Theorem

boss

Over 100 years after the publication of Austrian economist Ludwig von Mises’ “The Theory of Money and Credit,” the ideas outlined therein are still sparking hot debate. Namely, what is known as Mises’ Regression Theorem, which claims that in order for something to be money in the most proper sense, it must be traceable to an originally non-monetary barter commodity such as gold. Further, money must be the most commonly used means of exchange. According to these criteria, some say bitcoin isn’t the real deal. Others contend it makes the…

TRON’s Justin Sun Apologizes for Conduct and Over-Marketing Lunch With Buffett

boss

Photo: Justin Sun / Twitter TRX is carefully lifting off the ground after its CEO Justin Sun apologized for “over-marketing” TRON to Chinese authorities yesterday when he postponed charity lunch with Warren Buffett. As we already wrote yesterday, after, due to his kidney stones problems, TRON’s CEO Justin Sun had to cancel the charity lunch with Warren Buffett – some conspiracy theories came to the sight. Some Chinese media said that he was arrested due to illegal fundraising and some said that he was forbidden to leave China. None of…

US Investors Put More Trust In Bitcoin Over Facebook’s Libra

boss

While a majority of investors said that they aren’t interested in Libra (with many preferring Bitcoin instead), some also said that unlike the decentralized cryptocurrencies, Libra doesn’t give them the financial freedom from governments. Ever since its official announcement last month, Facebook’s Libra Project is going through a rough phase. Several regulators and lawmakers cast serious doubts on the company’s ability to pull such a massive project. Moreover, Facebook’s inefficiency to secure user data has hurt the company’s reputation badly. In a recent poll survey conducted by CivicScience, a majority…

Bitcoin and Ether Market Update: July 25, 2019

boss

The total crypto market cap has lost $9.2 billion of its value since Monday, July 12, and dropped down to $278.2 billion. The top ten coins are all in green for the last 24 hours with Bitcoin SV (BSV) and EOS (EOS) being the biggest gainers with 39 and 19 percent of price increase respectively. At the time of writing bitcoin (BTC) is trading at $10,116 on the Bitstamp daily chart, while ether (ETH) stands at $222 and Ripple’s XRP dropped down to $0.319. BTC/USD Bitcoin closed the trading session…

Crypto Community Reaction to Facebook Libra US Congressional Hearings

boss

As countless eyes watched and followed the recent U.S. congressional hearings regarding Facebook-backed cryptocurrency Libra, it was evident that it will not be easy for the social media giant and the Libra Foundation to find a way of convincing the regulators of the merits their product could bring to the world. David Marcus, head of Facebook’s Calibra wallet that is built on blockchain technology, who has long been a leader in the centralized digital currency space, testified before the Senate Committee on Banking as well as the House Financial Services…

Bitcoin Price (BTC) Breaks Key Resistance But Can It Continue Higher?

boss

Bitcoin price formed a strong support near the $9,500 level and recently recovered against the US Dollar. The price broke the key $9,800 and $10,000 resistance levels to move into a positive zone. This week’s highlighted major bearish trend line was breached with resistance near $9,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently struggling to gain momentum above $10,200 and the 100 hourly SMA. Bitcoin price is trading with a positive bias above the $10,000 resistance against the US Dollar, just…

Crypto Market Cap & Bitcoin Rebounds Positively: BCH, Litecoin, ADA, TRX Analysis

boss

The total crypto market cap found support near the $250.0B level and recently corrected higher. Bitcoin price recovered more than 5% and broke the $10,000 resistance area. Litecoin (LTC) price started a strong upward move above the $90.00 and $95.00 resistance levels. BCH price is back above the $300 resistance and is trading with a positive bias. Tron (TRX) price is currently consolidating losses above the $0.0230 support level. Cardano (ADA) price is up around 10% and it is currently approaching the $0.0600 resistance. The crypto market cap and bitcoin…

Ripple Price (XRP) Starts Fresh Increase Along With Bitcoin & Ethereum

boss

Ripple price remained supported above $0.3030 and climbed higher against the US dollar. The price broke the key $0.3150 resistance to move into a positive zone and start a recovery. Yesterday’s highlighted major declining channel was breached with resistance near $0.3100 on the hourly chart of the XRP/USD pair (data source from Kraken). The price is currently struggling near $0.3220, but it is likely to continue higher in the coming sessions. Ripple price is showing positive signs against the US Dollar, similar to bitcoin and Ethereum. XRP price could accelerate…

Millionaire That Called Bitcoin “Dead” Briefs Congress About Crypto

boss

Erik Finman, a Bitcoin Millionaire, Speaks to Congress Reps Erik Finman, the crypto wunderkind that became a Bitcoin (BTC) millionaire at 18, has purportedly just briefed a group of Congressmen and Congresswomen about the cryptocurrency asset class. The weird thing is, in December, the cryptocurrency early adopter claimed that should Bitcoin not solve its scaling solutions and infights seen continually on Twitter, it is likely “dead” in the long run. He continued with Litecoin, claiming that the popular altcoin is experiencing its last minute of sunlight before it goes dark……

Millionaire That Called Bitcoin “Dead” Briefs Congress About Crypto

boss

Erik Finman, a Bitcoin Millionaire, Speaks to Congress Reps Erik Finman, the crypto wunderkind that became a Bitcoin (BTC) millionaire at 18, has purportedly just briefed a group of Congressmen and Congresswomen about the cryptocurrency asset class. The weird thing is, in December, the cryptocurrency early adopter claimed that should Bitcoin not solve its scaling solutions and infights seen continually on Twitter, it is likely “dead” in the long run. He continued with Litecoin, claiming that the popular altcoin is experiencing its last minute of sunlight before it goes dark……