Australia’s finance watchdog has given the go-ahead to a bitcoin fund aimed at retail investors. The first such fund in the country, the bitcoin offering is being launched by micro-investment app provider Raiz Invest Australia, reports The Australian Financial Review. The Raiz app allows users to invest the small change left over from everyday purchases in exchange traded funds quoted on the Australian Securities Exchange (ASX). Once live (expected sometime in H1 2020), the bitcoin option will still see the bulk of user funds go to ETFs, but 5 percent…
Month: January 2020
Argo Blockchain Sees Mining Revenue Rise Tenfold in 2019
Publicly-listed mining company Argo Blockchain had a tenfold increase in revenue for 2019 over the previous year, ProactiveInvestors reports on Jan. 20. Its shares bounced as the company plans further expansion in the upcoming year. Argo Blockchain PLC is a company operating mining rigs for profit, as well as providing Mining-as-a-Service (MaaS) to institutional investors who are “looking to hold specific coins but do not want to procure via exchanges.” Based in London and listed on the London Stock Exchange (LSE), its mining capacity is reportedly based in Quebec, leveraging…
After Sudden 8% Drop, Bitcoin Bulls Must Defend Price Support at $8,460
View Bitcoin’s dramatic overnight fall from $9,200 is telling a tale of buyer exhaustion. A break below Sunday’s low of $8,461 would invalidate the recent bullish trend and could yield a drop to $8,200-$8,000. Dips could be short-lived as the longer duration charts are still reporting bullish conditions. Bitcoin may make another attempt to pass the 200-day average at $9,027 if support at $8,461 continues to holds ground. Bitcoin’s price rally is looking tired following Sunday’s sudden drop from above $9,000. Even so, the bias remains bullish with support near…
Staunch Bitcoin Critic Claims He’s Lost His Bitcoin, Crypto Twitter Reacts
Peter Schiff, an American stockbroker, financial commentator, economist and bitcoin (BTC) critic has taken to Twitter to claim that he has suddenly lost access to his bitcoin wallet despite entering the correct password. Peter Schiff Loses his Bitcoin On January 19, 2020, popular bitcoin hater, Peter Schiff announced on Twitter that he had lost access to his Bitcoin Wallet, despite entering the exact password. The highly reputed American economist also stated categorically that he has always known that holding bitcoin was a bad idea and this incident further confirms it.…
Ethereum Can Reach a Trillion Dollar Market Cap, But There is a Key Roadblock
Ryan Sean Adams, founder at Mythos Capital, made a case for a trillion dollar Ethereum market cap. And it’s all about decentralized finance (DeFi). DeFi refers to decentralized applications or platforms that allow investors to engage in traditional financial services by using Ethereum as collateral. Users can receive loans, trade derivatives, make payments, and more in a peer-to-peer manner without centralized entities. The trillion dollar case for ETH A bullish case for ETH as economic bandwidth powering a trustless economyhttps://t.co/fbzClLCAVi@0x_Lucas crushed it on this thought experiment Thread: — Ryan Sean…
London-Listed Argo Blockchain Reports 10-Fold Increase in Bitcoin Mining Revenue in 2019
Bitcoin mining form Argo Blockchain says it took 10 times more revenue in 2019 than in the previous year. In a press release posted on the London Stock Exchange website on Monday, Argo said, for its first full year of operations, it generated £8.5 million (just over $11 million) in revenue, compared with £760,000 ($985,720) in 2018. The firm listed on the main Market of the London Stock Exchange in August 2018. The figures are unaudited, with the firm expecting to file audited earnings in April. According to the announcement,…
Bitcoin, Ether, and XRP Weekly Market Update January 20, 2020
The total crypto market cap added $20.2 billion to its value for the last seven days and now stands at $237.1 billion. The top 10 currencies were all in green for the same time frame with Bitcoin SV (BSV) and Bitcoin Cash (BCH) being the best performers with 63 and 24 percent of gains respectively. By the time of writing bitcoin (BTC) is trading at $8,635 while ether (ETH) moved up to $164. Ripple’s XRP is trading at $0.231. BTC/USD Bitcoin moved up to $8,185 on Sunday, January 12 and…
Libra Professes Independence from Facebook with Own 5-Member Committee
With what appears a great sense of fulfillment, Facebook’s Libra team has announced that an independent committee, tagged the Technical Steering Committee (TSC), has been formed within the organization to oversee technical activities in Libra. Speaking for the Libra Association, Micheal Engle, writes that the Libra Association is poised to reassure regulators and the genera public that the Libra cryptocurrency project is, in fact, independent of any organization. As opposed to the general belief that Libra would be monetize and managed solely by Facebook, the recent blog post from the…
Peter Schiff Lost Bitcoin after His Crypto Wallet Failure
An outstanding American investment broker and Euro Pacific Capital CEO Peter Schiff has lost Bitcoin. The loss resulted from the failure of his crypto wallet. On Sunday, Schiff wrote on his Twitter account his password was no longer valid. I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was…
How Is the Biggest CO2 Polluter Becoming Leading World Solar Panels Producer
Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies require a high consumption of electric energy, which is currently produced with coal and fossil fuels that adversely impact the environment. A global shift toward green energy will require the removal of the technological, infrastructural, regulatory and tax policy barriers. In a series, my articles evaluate the tax, digital technology and solar policies (including space power satellites) of the top-CO2-emitting countries. For the last three decades, China has been on an economic…