The Chair of the US Federal Reserve argues that while Bitcoin (BTC) is too volatile to be considered money and is “backed by nothing,” it could be a substitute for gold. He also recently made a statement on Bitcoin, which has affected the asset’s price seeing it drop by $1,000. Powell’s View on Cryptocurrencies In response to a cryptocurrency question, […]

A cryptocurrency analyst has advised leading fintech companies to consider stashing a small portion of their asset reserve in Bitcoin, to avoid the potential losses that could be sustained as a result of the brewing inflation that the United States economy could face as the USD continues to weaken. Taking to Twitter, Vijay Boyapati explains that some of the most […]

The author and former stockbroker known as “The Wolf of Wall Street” Jordan Belfort has changed his previous critical stance on the flagship cryptocurrency bitcoin, and is now predicting its price will rally to $100,000. In an interview with Fortune in which Belfort addressed the Gamestop stock rally fueled by Reddit traders, Belfort pointed out that compared to equities, BTC’s […]

Bitcoin whales have seemingly kept on accumulating BTC as the price of the flagship cryptocurrency consolidates between the $55,000 to $59,000 range. On-chain fundamentals have been improving over the last few weeks. As first reported by Cointelegraph, data from on-chain analytics firm Santiment shows that BTC whales have been mostly accumulating, as 35,000 BTC worth over $2 billion left cryptocurrency […]

Bobby Lee, the co-founder and former CEO of cryptocurrency exchange BTCC, has predicted the price of bitcoin could surge to $300,000 this bull cycle, but warned that if a bubble forms and bursts it could see BTC’s price decline for years. Speaking during CNBC’s “Squawk Box Asia,” Lee said that bitcoin bull cycles “come every four years,” presumably suggesting that […]

Google searches for “Bitcoin” have soared in Turkey following the drop of the Lira against the US Dollar on Monday. Analytics has revealed that searches for “Bitcoin” on the popular search engine by Turkish residents shot up by 566% on Monday amidst reports of the Lira’s fall against the dollar. The Turkish Lira sank by about 14% against the dollar […]

I have written elsewhere about cults and the ways in which some cults offer group members genuine hope. This is not a deluded, Jim Jones type of hope; no, this is a hope based on reality. Based on reality, you say. Aren’t all cults, by their very definition, built on a foundation of deluded thoughts and nefarious ideologies? Well, firstly, […]