CryptoTraderNews Archives - Page 13 of 20

TuesdayJul 30, 2019 10:40 am

Robinhood Funding and Crypto Entrepreneur Lessons

Robinhood Raises $323 Million at $7.6 Billion Valuation Stock trading app Robinhood recently raised $323 million at $7.6 billion valuation. As announced fairly recently, the funding round was led by DST Global. Founded in 2013, Robinhood is a securities trading app that lets users trade stocks without charging any commission. In February 2018, the company also opened doors to cryptocurrency trading, and expanded its crypto operations to the elusive New York market in May 2019. According to company officials, the funding would be used to further expand the company’s operations. Robinhood Focused on Free Stock Trading Robinhood, like Binance has…

MondayJul 29, 2019 11:45 am

Why You Should Avoid Coinbase at all Costs

Coinbase is one of the most trusted cryptocurrency exchanges in the world, and despite their fees and limited features, crypto traders believe that buying on Coinbase is fast and convenient. In this article we’ll explore the downside and some fine print that you might not be aware of when trading on this convenient and trusted exchange. Fee Let’s start with discussion on the most debated feature of Coinbase – confusing fee mechanism. Though its user agreement may be easy enough to understand through careful reading, there are imposed limits to be aware of, as well as regulations and important details…

FridayJul 26, 2019 12:32 pm

Voatz Makes Inroads Into Utah County

Voatz, the keiretsu company of Medici Ventures will initial a pilot program of the Voatz platform. The Utah County pilot will allow for voters to utilize the Voatz mobile application to participate in the upcoming municipal election in the next month. The pilot will be available to a select group of people. Utah County aims to test out the blockchain based program with eligible voters who are serving overseas. The Voatz Mission and How Voatz Works Voatz aims to make “voting safer and more accessible”. How does Voatz plan on realizing their mission? By using smartphones and blockchain technology. The…

ThursdayJul 25, 2019 11:16 am

Is It Too Late To Invest In Bitcoin?

Bitcoin has been around for a decade and its price has exploded in the past 10 years. People in the crypto space are now wondering if they can make huge profits or if the time has passed. Here's the thing... In the crypto space there is always an opportunity for profit during price corrections, at the halving and during crypto winters. Here me out. Bitcoin’s public sale price was $1 = 1300 BTC in October 2009 and the first commercial transaction involving Bitcoin was to purchase a pizza for 10,000 BTC. After the public sale ended, the price went up…

WednesdayJul 24, 2019 12:24 pm

What if Congress Bans Bitcoin?

Donald Trump’s tweet on Bitcoin raised a stir on crypto twitter. Days after the tweet Facebook started hearings with US Senate on Libra and the Congress theoretically went after Bitcoin and cryptocurrencies. Some members of the U.S. congress have already drafted a “Keep Big Tech Out of Finance” bill, which is intended to prevent the creation of Facebook’s new cryptocurrency. The news that there may be a complete ban on Bitcoin is on top of the table and under speculation in the media. Meanwhile economist and trader Alex Kruger mentioned that the United States Constitution protects Bitcoin code as it…

TuesdayJul 23, 2019 12:18 pm

5 Reasons Why You Should Buy Facebook’s Libra

After Facebook’s announcement of Libra there has been much speculation and discussion in the Congress and the US Senate Banking Committee. David Marcus, Facebook’s Executive represented the social media giant in a hearing, and the same day Bitcoin’s price went on a downward spiral falling straight $1000 in 8 hours. Hearings on Libra are causing a stir on crypto twitter and the global crypto community, and this could be the next potential disruptor after Bitcoin in 2009. In this article we have compiled a list of reasons why you should buy Facebook’s Libra. Exchange value on Libra and make transactions…

MondayJul 22, 2019 1:05 pm

Facebook Libra Coin project and Working With Regulators

The Facebook Libra Coin Project and Congress The last two days have been a bit of a whirlwind for the Facebook Libra coin project. The proposed cryptocurrency project (with critics who argue that it is a centralized currency posing as a cryptocurrency) and its leaders were under significant pressure by congressional representatives. David Marcus, the executive in charge of the Facebook controlled Calibra company, mentioned that the company would work with regulators in the launch of their currency and implied that work on the project would go on. This is an importance distinction due to the fact that lawmakers were…

FridayJul 19, 2019 12:45 pm

Warren Buffett and Crypto

Warren Buffett has compared Bitcoin and cryptocurrencies to tulips and a bubble. While most successful American entrepreneurs have taken the same road and steered clear of any interest in cryptocurrencies, Warren has referred to Bitcoin as rat poison squared. In an interview with CNBC in the spring of 2018, Warren elaborated his feelings on Bitcoin for six minutes. He compared investing in Bitcoin to investing in gold, which happens to be another asset he dislikes, saying that it is “non-productive” as opposed to buying shares of a “productive” business that creates goods. Warren points out that gold has only grown…

ThursdayJul 18, 2019 11:19 am

Bitcoin falls below 10k after US lawmakers scrutiny of Libra Coin

Bitcoin fell below $10000 for the first time in two weeks on Tuesday. This comes after US lawmakers scrutiny and criticism of Facebook’s Libra. Libra’s executive David Marcus spoke before the US Senate’s banking committee on Facebook’s plan to implement Libra, pledging it would not do so until regulatory issues were addressed. He stated that “I expect that this will be the broadest, most extensive and most careful pre-launch oversight by regulators and central banks in FinTech’s history.” Amidst this chaos, China’s central bank has given its not to building their own digital currency in response to Facebook’s Libra. Bitcoin’s…

WednesdayJul 17, 2019 10:35 am

What is NIRP?

Negative interest rate policy is an unconventional monetary policy tool used by central banks in tough economic times to stimulate the economy. Central banks may turn to NIRP to stimulate the economy even further if ZIRP or the zero-interest policy did not work in an effective manner. A lack of growth calls for more stimulation and economists and central banks may prescribe a dose of NIRP to revitalize the economy. In a negative interest rate environment, the lender would receive less capital from the borrower. A recent post by the IMF states that in a proposed cashless system where depositors…