One BTC Will Be Worth A Lamborghini By Year-End And A Bugatti In 2022, Kraken CEO Makes Interesting Prediction

Bitcoin has been on an incredible uptrend and bulls have come out in plenty to predict the future price of the world’s largest and oldest cryptocurrency. But surprise, surprise, Jesse Powell, CEO of cryptocurrency exchange Kraken strongly believes dollar-based BTC price forecasts are flawed due to fact that fiat money is prone to substantive inflation. Powell suggests that luxury marques […]

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Ripple CTO Explains Why XRP Does Not Use Proof-of-Work Consensus Like Bitcoin

In a recent interview, Ripple CTO David Schwartz talked about the advantages of XRP Ledger’s consensus mechanism over Bitcoin’s Proof-of-Work (PoW) consensus mechanisms. The Ripple CTO’s comments about Bitcoin and XRP came during a Zoom call with TechRadar Pro a few days ago. Schwartz said that miners’ involvement in Bitcoin’s PoW consensus process means that you have a payment network […]

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Mogo Launches World’s First Bitcoin Cashback Mortgage

A bitcoin flavoured Fintech startup that trades on Nasdaq as well as TSX under Mogo, has become the world’s first to offer bitcoin cashbacks of up to 3,100 Canadian dollars for those that take up a new mortgage or refinance with them. They claim to offer as low as 1.54% fixed rate mortgages through a quick online process on their […]

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PayPal Rolls Out Bitcoin, Ethereum, Litecoin and Bitcoin Cash Payments

Some 26 million merchants that have integrated PayPal will now be able to accept some of the four most prominent cryptocurrencies, including bitcoin, ethereum, litecoin and BCH. “As the use of digital payments and digital currencies accelerates, the introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies, while continuing to offer PayPal customers choice and […]

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CME to Launch 0.1 Bitcoin Futures Contracts

CME is to expand their futures offering with what they are calling micro bitcoin futures pending regulatory review. Currently one bitcoin futures contract on CME is the equivalent of five bitcoins, worth $300,000, pricing out many potential customers. The new future contracts will be worth the equivalent of 0.1 bitcoin, worth about $6,000, significantly increasing the potential level of participants. […]

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Bitcoin Nears $60,000 on Banks Archegos

Swiss multinational Credit Suisse has announced a “highly significant and material” loss resulting from a “US-based hedge fund defaulting on margin calls.” Likewise Japan’s biggest investment bank, Nomura, has warned of a “significant loss” at its US subsidiary due to a transaction related to an unknown client with that loss estimated at $2 billion. Many are saying that client is […]

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