Safe Haven

Is Bitcoin Becoming A Safe Haven After All?

Source Node: https://medium.com/@thecryptoconsultant/is-bitcoin-becoming-a-safe-haven-after-all-1be6a61f1175?source=rss-------8-----------------cryptocurrency
Time Stamp: April 9, 2020 3:27 AM - Modified On: May 21, 2021 - Published By:
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Questions are raising, after central banks flood markets with rescue money.Central banks in the US and EU are putting together rescue packages to deal with the corona crisis that is currently infecting stock markets around the world with panic. While the measures largely fizzle out, Bitcoin is recovering without any help at all. Was it too early to write off Bitcoin as a lifeboat?Is the big wave still coming? (Photo by Jeremy Bishop on Unsplash)If you have already dealt with Bitcoin, you certainly know: the maximum number of Bitcoins is

Bobby Lee Calls For BTC to Reach All-Time High in 2020

Source Node: https://cointelegraph.com/news/bobby-lee-calls-for-btc-to-reach-all-time-high-in-2020
Time Stamp: April 7, 2020 5:04 PM - Modified On: May 21, 2021 - Published By:
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Crypto exchange founder, Ballet crypto wallet company CEO and founder, and member of the Bitcoin foundation’s board of directors, Bobby Lee, sees soaring prices in Bitcoin’s (BTC) future.  Lee said he expects Bitcoin to hit $10,000 by its block reward halving in May in a statement provided to Cointelegraph. The CEO also forecast a $25,000 price tag for BTC by December 2020. The halving means less inflationLee has projected positive price targets for Bitcoin on a few other occasions. In a tweet last November, the CEO predicted the asset will hit $500,000

Introducing the new Blockchain.com monthly newsletter — April Edition: “After the Dust Settles”

Source Node: https://medium.com/blockchain/introducing-the-new-blockchain-com-monthly-newsletter-april-edition-after-the-dust-settles-53995c8fc2af?source=rss----8ac49aa8fe03---4
Time Stamp: April 6, 2020 12:38 PM - Modified On: May 21, 2021 - Published By:
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The quality of information and data in crypto has improved in recent years, so you may be asking why another monthly newsletter?There are still some big data and analysis gaps in crypto. Crypto markets are nowhere near as widely served with reliable research and data as traditional markets. Indeed, the March 12–13th crypto stress test demonstrated there are also still some very significant issues with the state of crypto exchange infrastructure.What you can expect from our monthly newsletterOur intention with this newsletter is to avoid repeating what you can find

Revised Crypto Laws in Japan to be Enforced Starting May 1

Source Node: https://cointelegraph.com/news/revised-crypto-laws-in-japan-to-be-enforced-starting-may-1
Time Stamp: April 6, 2020 12:39 AM - Modified On: May 21, 2021 - Published By:
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New laws for regulating cryptocurrencies in Japan will start to be enforced next month.The Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), two of the pieces of legislation passed by the Japanese House of Representatives last year to regulate crypto, were scheduled to come into effect starting in April. However, with unexpected delays, no enforcement date had officially been set until last week.In the April 3 edition of an official government newsletter, it was announced that the revised versions of the PSA and FIEA would be enforced

Bitcoin’s Correlations With Global Financial Assets Soar Amid Coronavirus Crisis

Source Node: https://cointelegraph.com/news/bitcoins-correlations-with-global-financial-assets-soar-amid-coronavirus-crisis
Time Stamp: April 5, 2020 12:59 PM - Modified On: May 21, 2021 - Published By:
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Many investors hold Bitcoin (BTC) as a hedge against the global financial system. However, as the numbers show, Bitcoin has not been spared from the recent COVID-19 financial crisis.This article will analyze the movement of global financial markets and its correlation with Bitcoin during the COVID-19 crisis. We’ll consider the following sources as price measures for the following.The recent crash has really challenged Bitcoin’s claim as “digital gold” and puts its assertion as a financial “safe haven” to the test.Related: Is Bitcoin a Store of Value? Experts on BTC as

Bitcoin’s Hedging Performance in the Wake of the Coronavirus Outbreak

Source Node: https://cointelegraph.com/news/bitcoins-hedging-performance-in-the-wake-of-the-coronavirus-outbreak
Time Stamp: April 4, 2020 5:46 PM - Modified On: May 21, 2021 - Published By:
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The recent coronavirus outbreak has far-reaching consequences beyond the spread of the disease and efforts to quarantine it. Recently, we’ve experienced one of the most severe stock market crashes in modern times: On March 9, 2020, the Dow Jones Industrial Average recorded a drop of -7.8%, which happened to be its worst single-day loss ever. However, on Thursday, March 12, 2020, the Dow then recorded the fifth-largest drop in modern history based on percentage points by a staggering amount of almost 10%. Unfortunately, the losses did not stop there. Four

Bitcoin in the Aftermath of COVID-19: Two Possible Scenarios

Source Node: https://cointelegraph.com/news/bitcoin-in-the-aftermath-of-covid-19-two-possible-scenarios
Time Stamp: April 2, 2020 12:01 PM - Modified On: August 29, 2021 - Published By:
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Futurist and author, Daniel Jeffries, shared with Cointelegraph his view on the future scenarios awaiting Bitcoin in the aftermath of COVID-19. Two possible outcomes In one particularly dark scenario,  the global economy will plunge into a severe recession and countries will turn to authoritarianism in order to survive. In such a scenario, world governments will impose capital control measures, curbing citizens’ financial freedoms. Authorities will then crack down on cryptocurrency to prevent people from circumventing their restrictions. Jeffries does not believe that Bitcoin would be able to survive in such a scenario. He

Gold Is ‘Toilet Paper’ for the Rich, Bitcoin for the Poor — Max Keiser

Source Node: https://cointelegraph.com/news/gold-is-toilet-paper-for-the-rich-bitcoin-for-the-poor-max-keiser
Time Stamp: April 2, 2020 8:06 AM - Modified On: August 29, 2021 - Published By:
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People are going to buy Bitcoin (BTC) in droves — because there will be no gold for sale due to coronavirus, Max Keiser predicts.In a recent edition of his Keiser Report news program on March 31, Keiser said that the coronavirus pandemic will push billionaires into gold as a safe haven. Keiser: people will “flock en masse” to BTCOnce supplies are bought up and stockpiled, the only alternative left is Bitcoin.He summarized:“I predict — and this is not only the ultimate use case but the ultimate irony — that once people

Tether CTO Praises Company’s Own Coin, Takes A Shot At Others

Source Node: https://insidebitcoins.com/news/tether-cto-praises-companys-own-coin-takes-a-shot-at-others/255950
Time Stamp: April 1, 2020 7:23 AM - Modified On: August 29, 2021 - Published By:
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Earlier this month, at the CryptoCompare Digital Asset Summit that was held in London, the CTO of Tether, Paolo Ardoino, gave a public statement about the future of DeFi. According to Arduino, the DeFi industry as a whole is facing a risk to its entire system, due to the fact that it only leverages the value from the cryptocurrency industry.Low-Brow TacticsIn a move that sounds suspiciously like an attempt to slander one of Tether’s rival stablecoins, the Dai, he talked about the volatility of the crypto industry as a whole.

Strict Japanese Crypto Laws Discourage Foreign Exchanges … For Now

Source Node: https://cointelegraph.com/news/strict-japanese-crypto-laws-discourage-foreign-exchanges-for-now
Time Stamp: April 1, 2020 12:25 AM - Modified On: August 29, 2021 - Published By:
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[vc_row disable_element="yes"][vc_column][vc_column_text] A new report has found strict regulations are discouraging overseas exchanges from opening in Japan, but would likely benefit new players in the long term. Double jump.tokyo, the game developer behind My Crypto Heroes, commissioned a research team at So & Sato Law Offices to carry out a comprehensive report on digital assets in Japan. Released on March 31, the report covers all aspects of digital assets in the Asian nation, from tokenized securities to crypto derivatives. Entering the crypto market under strict regulations Joerg Schmidt and So