Friday, January 24Your Daily Bitcoin & Altcoin News Portal

Author: Wealthy Miner

Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal – Bitcoin News

Trump ‘Loves’ Negative Rates and ‘Could Get Used to’ Them, Criticizes Fed at World Economic Forum, China Trade Deal – Bitcoin News

BITCOIN
Please share if you find this article interesting. Trump 'Loves' Negative Rates and 'Could Get Used to' Them, Criticizes Fed at World Economic Forum, China Trade Deal - Bitcoin News U.S. President Donald Trump spoke at the World Economic Forum in Davos, Switzerland Tuesday saying the U.S. and other nations are “forced to compete … with nations that are getting negative rates, something very new.” Trump took direct shots at the U.S. Federal Reserve, claiming they’ve not lowered rates quickly enough. The harsh words echo remarks made just last week during the “phase-one” China trade deal signing ceremony, where the president stated he doesn’t know “where the hell it leads” but that negative interest rates such as implemented in Germany and Japan are “incredible.” Also Read: Madur
Bitcoin is Tanking Despite Coronavirus Fears, Showing Lack of Characteristics as Safe Haven

Bitcoin is Tanking Despite Coronavirus Fears, Showing Lack of Characteristics as Safe Haven

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin is Tanking Despite Coronavirus Fears, Showing Lack of Characteristics as Safe Haven Bitcoin prices on Friday are plunging after marking their highest levels in over two months, hurt by an improving outlook of the eurozone economy, the stronger dollar, and – none the least – the Bitcoin ends winning streak as demand fades at local top | Source: TradingView.com, CoinbaseGlobal Market Reassesses Coronavirus RisksBitcoin’s losses appeared as investors’ appetite in risk-on markets improved on Friday, for they brushed aside fears of the economic impact of the Coronavirus and embraced more-than-expected manufacturing data from Germany and France.The European stocks rose higher, with the Stoxx Europe 600 surging 0.9 percent. Chin
Notes From the WEF: Cash Is Dead, Long Live Digital Cash

Notes From the WEF: Cash Is Dead, Long Live Digital Cash

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Notes From the WEF: Cash Is Dead, Long Live Digital Cash DAVOS, Switzerland – Consensus is building on one issue at the World Economic Forum in Switzerland: Cash is dead. “Physical money is out,” said B.S. Kohli, an economic advisor to the head of the Indian state of Punjab. Mothanna Gharaibeh, Jordan’s minister of digital economy and entrepreneurship, agreed. As of this year, Gharaibeh said, Jordanians can no longer pay for government services, from taxes to hospital bills, with cash. They must use electronic payment systems like bank transfers or mobile wallets.  “It’s going to be a tough transformation,” he said, referring to the nation’s poor and unbanked populations. “But refugees can take mobile wallets using their UN
Panic Withdrawals at Indian Bank Over Alarming KYC Notice – Bitcoin News

Panic Withdrawals at Indian Bank Over Alarming KYC Notice – Bitcoin News

BITCOIN
Please share if you find this article interesting. Panic Withdrawals at Indian Bank Over Alarming KYC Notice - Bitcoin News Hundreds of customers went on a withdrawal spree after an Indian bank announced its revised KYC requirements. The bank’s action followed the decision by the Reserve Bank of India (RBI) to include the National Population Register letter as a valid KYC document for opening bank accounts. Customers are worried their funds could be frozen. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies Customers on Withdrawal Spree Customers of the Central Bank of India’s Kayalpattinam branch in the state of Tamil Nadu have been on a “panic withdrawal” spree after the bank issued a notice in a local newspaper regarding i

Key Google Metric: Bitcoin May Explode Into $100,000 Parabolic Rally

PRICE ANALYSIS
Please share if you find this article interesting. Key Google Metric: Bitcoin May Explode Into $100,000 Parabolic Rally Since Bitcoin investors got a taste of parabolic price action in early-2019, during which BTC surged from the low-$3,000s to $14,000 in a few weeks’ time, they have been craving more.According to a Google Trends analysis, another parabolic rally is about to form again in the cryptocurrency market again. Considering historical rallies, this next bull market could bring BTC above $100,000, some analysts have suggested.Google Trends Suggests Bitcoin to Soon ExplodeCryptocurrency analyst Cryptokea recently noted that the worldwide Google Trends, well, trends for the search term “Buy Bitcoin” have recently hit a seven-month high — the highest since June 2019.More spe
What Is the Ideal Block Size and Fee Cost? – Bitcoin News

What Is the Ideal Block Size and Fee Cost? – Bitcoin News

BITCOIN
Please share if you find this article interesting. What Is the Ideal Block Size and Fee Cost? - Bitcoin News Many of the debates around block size in Bitcoin operate under the false premise that the question can even be properly answered by a central authority. But markets are better at deciding these questions and block sizes and fee costs should be worked out by miners and users, not development committees. Also read: How is Bitcoin Cash Different from Bitcoin Core? Price-fixing doesn’t work Dan Held writes in his latest Medium post: A decentralized economy complements the dispersed nature of information spread throughout society. Each company is an attempt to take the local knowledge that it has and create a good or service that ultimately is the correct capital allocation
A Bitcoin Plunge To $8,000 On The Horizon, As Bulls Show Weak Hands

A Bitcoin Plunge To $8,000 On The Horizon, As Bulls Show Weak Hands

PRICE ANALYSIS
Please share if you find this article interesting. A Bitcoin Plunge To $8,000 On The Horizon, As Bulls Show Weak Hands Bitcoin price failed to stay above the key $8,500 support area and extended its decline against the US Dollar. BTC price is likely to continue lower towards $8,000 or $7,880.Bitcoin started a strong corrective decrease from the $9,200 resistance area.The price broke the key $8,500 and $8,470 support levels to move further into a bearish zone.Yesterday’s highlighted key bearish trend line is active with resistance near $8,470 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair is likely to extend its decline towards the $8,000 support level in the near term.Bitcoin Price Is Facing HurdlesYesterday, we discussed the Bitcoin PriceThe next key re
Gift Bitcoin Cash for Chinese New Year With a Limited Edition Red Envelope Paper Wallet From Bitcoin.com – Bitcoin News

Gift Bitcoin Cash for Chinese New Year With a Limited Edition Red Envelope Paper Wallet From Bitcoin.com – Bitcoin News

BITCOIN
Please share if you find this article interesting. Gift Bitcoin Cash for Chinese New Year With a Limited Edition Red Envelope Paper Wallet From Bitcoin.com - Bitcoin News Giving red envelopes full of money to friends and family is a traditional way to celebrate the Lunar New Year in China and other Asian cultures. This year you can gift your loved ones bitcoin cash with a limited edition Red Envelope BCH paper wallet from Bitcoin.com. Also Read: Bitcoin Games Celebrates Lunar New Year 2020 With Introduction of Free Spins Say Happy Lunar New Year With Bitcoin Cash The Lunar New Year festivities will begin as a new moon appears on Saturday, 25th January 2020. To celebrate the holiday, Bitcoin.com has developed a limited-edition themed paper wallet for Asian BCH users to gift as a...
Ripple (XRP) Is Plunging And Here’s Why It Could Retest $0.20

Ripple (XRP) Is Plunging And Here’s Why It Could Retest $0.20

PRICE ANALYSIS
Please share if you find this article interesting. Ripple (XRP) Is Plunging And Here’s Why It Could Retest $0.20 Ripple extended its decline and broke the key $0.2270 support against the US Dollar, similar to Ripple PriceMore importantly, this week’s major bearish trend line is still active with resistance near $0.2295 on the hourly chart of the XRP/USD pair. If there is a clear break above the trend line and $0.2300, the price could start a decent upward move towards $0.2400.XRP Remains At RiskIf XRP fails to correct above $0.2270 or $0.2300, it is likely to extend its decline. The first key support is near the $0.2150 level. If the bears push the price below $0.2150, there is a risk of a sharp decline below $0.2100.In the mentioned case, ripple price may perhaps decline towards
Ethereum Just Broke $160 And It’s Vulnerable to a Larger Decline Below $155K

Ethereum Just Broke $160 And It’s Vulnerable to a Larger Decline Below $155K

PRICE ANALYSIS
Please share if you find this article interesting. Ethereum Just Broke $160 And It’s Vulnerable to a Larger Decline Below $155K Ethereum price is declining and it recently broke the $160 support, similar to bitcoin. ETH price is likely to continue lower below the $158 and $155 support levels in the near term.Ether price is showing a few bearish signs below the $162 level against the US Dollar.The bears seem to be in control and they are likely to aim a larger decline below $155.This week’s key bearish trend line is in place with resistance near $164 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is also sliding and it recently broke the key $8,500 support area.Ethereum Price Starts Substantial DecreaseAfter Ethereum failed to climb above the $170 resistance, Ethere