CryptoTraderNews Archives - Page 10 of 20

ThursdaySep 12, 2019 11:48 am

Is Bitcoin Or Gold A Safe Haven For A USD Collapse?

In light of the rising tension in the U.S. China trade war and the looming crisis of a no-deal Brexit, Bitcoin is being dubbed the new safe haven or “digital gold”. Bitcoin is an “emerging store of value.” Each day, more investors gain confidence in Bitcoin’s place in the global economy. It’s getting easier for institutional investors and financial advisors to buy Bitcoin and use it for settling cross-border transactions. Like gold in the 1970s, Bitcoin has translated into an asset that is volatile but gives high returns. It is scarce, portable, fungible, divisible, doesn’t degrade over time and has…

WednesdaySep 11, 2019 11:17 am

A Smart and Balanced Crypto Portfolio for September 2019

Earning a steady income through cryptocurrency day trading is possible with a smart and balanced cryptocurrency portfolio. The cryptocurrency market is extremely volatile and professional traders build their portfolio with utmost caution and careful evaluation of cryptocurrencies in the Top 100. Here are a few tips on building a smart and balanced portfolio Be patient and avoid panic selling – The market goes through cycles and dips happen frequently. Chances are nine times out of ten, coins will dip and rebound. While market crashes occur, they can be avoided by choosing the right coins and investing with the right strategy.…

TuesdaySep 10, 2019 12:04 pm

Stripe Introduces Stripe Capital

Fintech firms are now competing on capital as a service. Innovators such as Kabbage, Clearbanc, Square Capital, and others are stepping in to provide capital in a more flexible manner to an increasing level of emerging small businesses. Stripe just improved its capital as service business by simplifying the process. The company announced on September 5th, 2019: “Stripe Capital’s full integration with Stripe means there’s no lengthy application, eligibility is determined quickly, funds hit a user’s Stripe account the next business day, and businesses can repay as they earn. In addition to serving Stripe users directly, Stripe will also extend…

MondaySep 09, 2019 12:20 pm

Is Libra A Threat To The Swiss National Bank?

While discussing Facebook’s Libra, Swiss National Bank (SNB) chairman expressed his worries about the impact of stablecoins like Libra on the bank’s potential to handle its monetary policy. Libra is headquartered in Geneva and this reaction from Swiss authorities was predictable. Thomas Jordan, chairman of SNB’s governing board has expressed his concerns about digital currencies impeding the central bank’s capability to initiate and implement monetary policy. Speaking on the occasion of the 30th anniversary of the University of Basel’s Faculty of Business and Economics (WWZ), Jordan believes that a stablecoin pegged to the Swiss Franc would pose fewer risks. He…

FridaySep 06, 2019 12:11 pm

Have A Whopper Your Way And Pay With Bitcoin

Burger King franchises in Germany are beginning to accept Bitcoin payment through their mobile app, but did you know that paying for your Whopper with BTC isn’t new news? In fact, in June 2017, Bitcoin payments were being accepted in test locations… in Russia. Back then, Burger King Russia CEO Dmitry Medovy said “The main difficulty is tax issues, not integration” and that “payment with cryptocurrency is [in] the near future.” Going back even further, a city in the Netherlands made a goal of being the crypto-friendliest place on the planet. That city is Arnhem, and Burger King was listed…

ThursdaySep 05, 2019 11:45 am

Are Cryptocurrencies Close To Mainstream Adoption?

The People’s Bank of China’s announcement of launching Digital RMB after Facebook’s announcement of Libra’s launch indicates that cryptocurrencies are more mainstream, and some might even say, competitive than they were even just two years ago. There is an array of parallels between the initial days of the Internet and the prevailing state of crypto. Cryptocurrencies are evolving like the internet and though still in its infancy, crypto is becoming mainstream. One of the largest complaints about cryptocurrency from consumers has been that it’s too hard to use. Several startups have been working on fixing this issue with easy-to-use digital…

WednesdaySep 04, 2019 12:03 pm

Has Bitcoin Entered A New Parabolic Phase?

After a month of intense downward correction, the Bitcoin price action is gaining momentum and is currently trading at $10,528. $10K is a key psychological price level for the cryptocurrency and it has finally started ascending towards the next resistance at $10,800. Crypto analysts are predicting that Bitcoin’s recent upwards movement may be an early stage of its next parabolic phase. According to Peter Brandt, a crypto expert and prominent analyst, this parabolic phase could lead the price significantly past its previously established all-time highs. Since August 30, 2019, Bitcoin price has been hitting a new high every day. It…

TuesdaySep 03, 2019 12:38 pm

What’s Driving Crypto?

“You see those kids at the table next to us?” Jake continued. “I know them, they were in my class at Stanford. They’re working on a startup to make digital postcards. What do you think their endgame is?” “Those guys by the arcade machines in the corner? They’re working on video compression.” Their exit strategy: They’ve all got six weeks of runway left before their startup runs off a cliff. Entrepreneurship is a game with historically bad odds with most startups failing gloriously. Smart entrepreneurs have to go into business with a plan B,C,D… if they want to succeed. Silicon…

ThursdayAug 29, 2019 10:47 am

HardForks For Cryptocurrency Projects Explained

Launched in 2009, Bitcoin was the first popular cryptocurrency that has gained traction and is come into the mainstream consciousness in 2017; it’s purpose to function as a decentralized digital alternative to cash. More and more cryptocurrency and blockchain projects came online like Ripple, Bitcoin Cash, and Monero, among others. But these cryptocurrencies were not created from scratch but rather are the result of a HardFork (HF). A HardFork is an event that occurs when there is a fundamental disagreement between members of the digital asset’s development team. This event could be triggered due to a security hack or a…

WednesdayAug 28, 2019 10:14 am

Proof of Work Explained

Proof-of-Work (PoW) is the original consensus algorithm in a Blockchain network. This algorithm is used to confirm transactions and add new blocks to the chain. Miners compete against each other to complete transactions on the network and get rewarded. The responsibility of verifying transactions lies with special nodes called miners, and the process is called mining. The main working principle of PoW is a complicated mathematical puzzle and a possibility to easily prove the solution. Both Bitcoin and Ethereum currently use Proof of Work as their consensus mechanism. But each has its own set of rules and provisions. How does…