Banker Who Called Bitcoin ‘Evil Spawn’ Heads BIS Digital Currency Hub

A former European Central Bank board member will chair a new arm of the Bank of International Settlements (BIS) focusing on digital currencies and financial innovation. 

In a press release on Nov. 11, the BIS confirmed Benoît Cœuré would begin chairing the Innovation Hub from January 15, 2020. 

BIS eyes impact of “critical trends”

“The Hub’s mandate is to identify,

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Bitcoin Shows Extreme Volatility After $10,600 Spike — Where to Next?

The Bitcoin price has been showing a high level of volatility following its abrupt increase to $10,600 on Oct. 26, when Bitcoin (BTC) climbed by 43% against the United States dollar on a single day.

According to Skew Markets, Bitcoin has been more volatile than other major cryptocurrencies like Ethereum in the past week,

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Regulators Hostile to Bitcoin Will Fall Out of Favor, Warns Samson Mow

Hostility to Bitcoin (BTC) from the global regulators is a double-edged sword that can hurt authorities if they lose their power, the Blockstream Chief Strategy Officer (CSO) warned.

During a panel at a Liquid meetup at Litecoin Summit on Oct. 29, Blockstream CSO Samson Mow predicted that regulatory restrictions to Bitcoin could have both favorable and unfavorable consequences for the regulators themselves.

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EOS Holds Top Spot, Bitcoin 11th in China’s Latest Crypto Rankings

China’s state-backed tech workgroup has released its fourteenth crypto rankings report, with Bitcoin (BTC) ranked 11th and EOS (EOS) retaining the top spot as of the end of September 2019.

The listings rank 35 assets in total, as reported on Sep. 29 by the Center for Information and Industry Development (CCID)’s online information portal. 

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‘No Borders’ — Alistair Milne Sends Bitcoin Instead of $2.6K Gold Bar

Bitcoin (BTC) investor Alistair Milne was eventually forced to send Bitcoin instead of a $2,600 gold bar as part of his recent giveaway.

Following a giveaway announcement on Sept. 19, Milne has revealed the winner as well as other giveaway details in a thread on Twitter on Oct. 22. 

Giveaway background

As originally envisaged,

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Alipay Denounces Bitcoin OTC Trading: Regulatory ‘Gray Area’ in China

Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan.

The public nature of this announcement did bring questions to the fore regarding the use of payment channels like Alipay and WeChat for crypto trading.

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Ex-CEO of Google Africa: Bitcoin a ‘Gift’ That Will Change Humanity

Computer scientist and general manager of WeWork South Africa, Stafford Masie, has said that Bitcoin (BTC) will change the future of humanity more than any other technological innovation. 

In a keynote delivered at the SingularityU South Africa Summit on Oct. 16, Masie — formerly the CEO of Google Africa — said that Bitcoin’s provision of an exchange of value without intermediaries is the greatest gift mankind has ever received technologically.

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Bitcoin Price: 2 Key Indicators Hint that a Bear Market is on the Cards

Last week was a tough week for Bitcoin (BTC) as sentiment shifted from bullish to bearish after the price fell from just under $10,000 to below $8,000 in a matter of hours on Sept. 24. After a brief bounce, Bitcoin hovered around $8,400 for 48-hours before the final drop to $7,740 came. 

This produced a storm of tweets from bulls like Anthony Pompliano and bears like Peter Schiff took the opportunity to gloat about the cyclical misfortune Bitcoin frequently provides it’s supporters.

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Bitcoin Price Catalyst Will Be S&P 500 New All-Time High, Says Tom Lee

Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee has argued that a strong macro outlook will provide the tailwinds for the next Bitcoin (BTC) bull run.

In an interview for CNBC’s Fast Money on Sept. 13, Lee broke with the narrative that investors buy into Bitcoin to hedge macro risks — viewing the asset as a safe-haven asset or type of digital gold. 

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Pompliano: Satoshi Should Win Nobel Peace Prize for Bitcoin

American investor and co-founder of Morgan Creek Digital Assets Anthony Pompliano has argued that Satoshi Nakomoto should be awarded the Nobel Peace Prize for inventing Bitcoin.

In a tweet posted on Sept. 3, Pompliano wrote:

“Satoshi should win the Nobel Peace Prize. We finally have a currency that can assume global reserve status without anyone having to engage in violence.”

And the prize goes to… X

Pompliano’s proposal faces the obvious hurdle of Nakamoto’s now-legendary disappearance in late 2010 — which has spurred almost as much speculation and fervent interest as the cryptocurrency he,

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India: 5 Arrested for Allegedly Torturing Bitcoin Businessman to Death

Five men in the Indian state of Kerala have been arrested for allegedly torturing the head of a failed $62.5 million Bitcoin investment scheme to death. Yahoo! News reported the news on Sept. 2.

Killers believe victim defrauded investors

According to the report, the Dehradun police in Uttarakhand were alerted to the incident after a local hospital found the body of the deceased in a car abandoned in a parking lot. 

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US-China Trade War Driving Retail Investors to Bitcoin, Says EToro

Financial analysts say a growing number of retail investors are betting on Bitcoin (BTC) as a hedge against macroeconomic turbulence during the protracted United States-China trade war.

The London Economic reported the news on Aug. 29, citing data from eToro, a United Kingdom-based multi-asset investment platform and social network.

Correlated uptick in Bitcoin,

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BitFlyer and Tpoint Japan Team Up to Offer Bitcoin Loyalty Program

Cryptocurrency exchange bitFlyer and technology services company Tpoint Japan announced a new partnership that allows local customers to exchange loyalty program points for Bitcoin (BTC) and earn rewards for paying in crypto. The official press release states:

“As part of our mission of ‘Making the world simpler with blockchain’, we will continue to contribute to the further development of a sound virtual currency industry.

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Bitcoin Price Loses $10.5K Support as US-China Trade War Tensions Cool

Bitcoin (BTC) price was feeling the pressure Aug. 14 after a fresh downturn saw the largest cryptocurrency settle below $10,500. 

Market visualization. Source: Coin360

Trade war tensions relief lifts markets, sinks Bitcoin price 

Data from Coin360 painted a gloomy picture for investors Wednesday, with BTC/USD trailing 7.2% daily losses.

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Bitcoin Price: Gold Breakout Could Jolt BTC Above $12K, Say Analysts

Bitcoin (BTC) price remained fairly buoyant on Aug. 13 despite a fresh delay of an exchange-traded fund (ETF) by United States regulators. 

Market visualization. Source: Coin360

Bitcoin price unfazed by Bitcoin ETF delay

Data from Coin360 showed BTC/USD clinging to support above $11,000 Tuesday,

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Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin?

After a short stay in the red zone, Bitcoin (BTC) has recovered toward $12,000, with traders turning bullish as ever. Experts call the United States-China trade war a key reason for the main cryptocurrency’s price fluctuations. Fuel to the fire has been added by the recent announcement by the People’s Bank of China (PBoC) of plans to get ahead of the U.S.

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Bitcoin Price Will Hit $250K by Q1 2023 Despite Consolidation, Says Tim Draper

Bitcoin (BTC) price will still hit $250,000 but its status as a safe haven asset could see investors waiting a little longer than planned, serial VC investor Tim Draper says.

“People have consolidated towards Bitcoin”

Speaking in an interview with Yahoo! Finance on Aug. 9, the notoriously bullish Draper doubled down on his prediction that Bitcoin will hit $250,000 by 2023.

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Bitcoin Safe Haven Sucking in Money From China, Says Blockchain Executive

Bitcoin (BTC) really does function as a safe haven asset in 2019, another source has told mainstream media as the United States-China trade war rages.

Bitcoin increasingly important amid economic uncertainty

Speaking to Forbes in an interview on Aug. 8, Chris Reinertsen, chief marketing officer of blockchain consultancy Rhythm Technologies,

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‘It’s Fantastic Tech’ — Hedge Funds Will Go Bitcoin, Says Consultancy CEO

Bitcoin (BTC) lets investors hedge against inflation and will endure as part of portfolios, the CEO of consultancy firm Agecroft Partners has told mainstream media. 

“It’s fantastic technology”

Speaking to CNBC in an interview Aug. 6, Don Steinbrugge praised the cryptocurrency’s technology while discussing nontraditional investments.

“It’s been an amazing run,

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Macro Factors Creating ‘Perfect Storm’ to Drive Up Bitcoin Price: Report

Digital asset research firm Delphi Digital says that the macroeconomic landscape is creating the “perfect storm” to ignite Bitcoin price appreciation.

Monetary easing, crypto peaking

In a fresh report cited by Forbes on August 1, the researchers isolate the dovish turn in global central banking policy as the stand-out factor likely to propel Bitcoin’s price skywards:

“First,

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Bitcoin Falls Under $9,600 as Most Altcoins See Major Losses

Sunday, July 28 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, at the same time that Bitcoin (BTC) fell below the $9,600 mark.

Market visualization courtesy of Coin360

Bitcoin is currently down by 5.2% on the day, trading at $9,538 at press time,

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Bank of China’s New Infographic Shows Why Bitcoin Price Is Going Up

The Chinese central bank released on its website an infographic illustrating what is Bitcoin (BTC), how it works and why it’s valuable on July 26.

A brief story: from Bitcoin to Libra

The infographic illustrates the story of Bitcoin, starting with the publication of its whitepaper in 2008, the mining of the first 50 BTC in 2009,

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Safeway Shoppers Can Now Get Bitcoin Back as Change at 894 US Stores

Bitcoin (BTC) rewards shopping app Lolli has partnered with major American grocery chain Safeway to give customers 3.5% back in Bitcoin on all their purchases. 

Making Bitcoin ‘part of everyday life’

According to a blog post announcing the new partnership on July 25, Safeway — and Albertsons Companies’ subsidiary —

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Bitcoin Price Clings to $10K But Now Below ‘Neutral Area,’ Says Trader

Bitcoin (BTC) price slid back under $10,000 July 23 after a period of sideways action broke down to send the largest cryptocurrency back to four figures.

Market visualization. Source: Coin360

Bitcoin price swirls around five figure mark

Data from Coin360 showed BTC/USD trading just below the barrier once again Tuesday,

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