Crypto currency Adam Back: $10 Million Bitcoin Prediction Is ‘Closer Than It Sounds’

Bitcoin’s $10 million dollar price prediction hits Twitter. Is bitcoin a reserve currency? Some analysts believe U.S. dollar inflation will push bitcoin higher. According to Blockstream founder and cypherpunk, Adam Back, Hal Finney’s $10 million price point for bitcoin isn’t so far fetched, though, the reasons behind these levels may not be as apparent as…

Crypto currency BiKi’s Ethan Ng Addresses the Rise of Central Bank Digital Currencies

16th January, 2020, Singapore – 2019 has seen digital assets trading firm BiKi.com traverse the globe to internationalize its brand. Countries such as Vietnam, South Korea, Japan, Russia, Uruguay, United Arab Emirates, Malta and other Western nations have been on the BiKi agenda for expansion or globalization plans. The crypto exchange has thus been able…

Crypto currency Iranian Conflict a Successful Beta Test for Bitcoin as Wartime Safe Haven

Bitcoin’s use-case has evolved over time. Recently, the top cryptocurrency has been surging under the safe haven narrative. While both gold and bitcoin moved higher due to geopolitical risk, the cryptocurrency has significantly outperformed the precious metal. Bitcoin’s primary use-case is continuously evolving. At first, many thought the cryptocurrency would be the next generation payment…

Crypto currency BiKi.com Launches Lending, Another Step to Becoming a Blockchain Financial Center

7th January, 2020, Singapore – Digital assets trading firm BiKi.com has been launching leverage and staking, amongst other financial products on its platform. The latest product on offering is digital asset lending, another strategic step the exchange is taking towards becoming a financial center in the blockchain industry. Mirroring elements of traditional finance where loans…

Crypto currency Bitcoin Languishes at 3-Week Lows, Ethereum Erases Yearly Gains amid Mind-Boggling Crypto Correction

Bitcoin’s price plunged 4% to $6,584, its lowest in over three weeks. Altcoins hastened their decline, sending the total crypto market to fresh six-month lows. Since peaking in late June, cryptoassets have shed more than $180 billion in combined market cap. Bitcoin’s price printed fresh three-week lows on Tuesday, as fear and uncertainty continued to…

Crypto currency Danish Tax Authority Cracks Down on ‘Crypto Tax Avoiders’

Danish regulators are targeting crypto traders in a tax avoider crackdown. Skattestyrelsen, or Skat, Denmark’s tax agency, has issued warning letters to “20,000 cryptocurrency tax avoiders,” according to European crypto tracking and tax reporting startup Koinly. The move comes months after regulators were sniffing around at a trio of local exchanges for information on crypto…