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Legendary Investor Bashes ‘Psycho-Currency’ Bitcoin, Then Accidentally Makes Crypto Case

By CCN Markets: Mark Mobius, the legendary emerging-markets investor and founder of Mobius Capital Partners, referred to bitcoin as a “psycho-currency” on Tuesday in an interview with Bloomberg. He claimed the rise of “faith-based” cyber-currencies would ultimately push investors towards hard assets like gold. “You have all these new currencies coming into play. I call […] The post Legendary Investor Read more…


Bitcoin Price Straddles $10K as Consensus for New 2019 High Remains

Traders are still upbeat about a return to form for Bitcoin price, which could even see a new all-time high this year. Bitcoin (BTC) price fell below $10,000 once more on Aug. 16 after climbing as high as $10,440 in early trading.  Market visualization. Source: Coin360 Mixed signals for Bitcoin price Data from Coin360 spelled out another day of uninspiring Read more…


Blockchain Solution Spending to Hit $16 Billion by 2023: IDC Report

Worldwide spending on blockchain solutions is expected to hit almost $16 billion in 2023, IDC’s latest report reveals. Worldwide spending on blockchain solutions is expected to hit almost $16 billion in 2023.  A new report published on Aug. 8 by United States-based market research firm International Data Corporation (IDC) forecast that overall spending on the technology will reach $15.9 billion Read more…


Bitcoin Price Explodes Past $12,000, ‘Clear Skies’ to 2019 High

The bitcoin price pierced $12,000 on Tuesday as traders seek refuge from global instability on traditional markets. As global stock markets reel from the escalating trade war between the US and China, Bitcoin has climbed more than 20% in five days, briefly hitting $12,265 on Coinbase. The move upwards was accompanied by the strongest volume […] The post Bitcoin Price Read more…


Walmart is Trying to Patent Its Own ‘Libra’ Like Digital Currency

A new patent filing suggests that American retail giant Walmart may be developing its own U.S. dollar-backed digital currency similar to Facebook’s Libra cryptocurrency. A new patent filing suggests that United States retail giant Walmart may be developing its own U.S. dollar-backed digital currency similar to Facebook’s Libra cryptocurrency.  Walmart filed patent for “Digital Currency via Blockchain” Patent filing number Read more…