Please share if you find this article interesting. US Deficit Will Be at Least 6 Times Bitcoin Market Cap — Every Year The average budget deficit of the United States will “never” be less than $1 trillion per year in the future — or 4.5% of GDP, worrying data on the fiat economy shows. Compiled by the U.S. Congressional Budget Office (CBO) and shared by crypto hedge fund manager Travis Kling on Jan. 21, statistics reveal that the annual deficit is set to hit $12.2 trillion for the entire 2020s. Deficit as GDP share up 55% in 50 years “Such deficits would be significantly larger than the 2.9 percent of GDP that deficits averaged over the past 50 years,” the CBO itself commented when it released the projections last September. U.S. average budget deficit 1969-2029. Source: CBO $
Please share if you find this article interesting. Ripple CEO Hints at IPO, Says More Crypto Firms Will Go Public in 2020 Ripple CEO Brad Garlinghouse predicts that initial public offerings (IPOs) will become more prevalent in the cryptocurrency and blockchain space in 2020. Speaking at the World Economic Forum in Davos yesterday, Jan. 23, Garlinghouse reportedly hinted that Ripple would itself be one of those firms to seek a public flotation: “In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.” “Natural evolution” An IPO refers to the process of offering the shares of a private corporation to the public in
Please share if you find this article interesting. Ripple’s XRP Sales Saw a Historic Low in Fourth Quarter of 2019 Ripple’s XRP sales continued to drop in the second half of 2019, with sales of the token reaching a historic low in Q4. According to a Jan. 22 blog post by Ripple — the firm behind the third largest crypto asset by market cap — total XRP sales in Q4 2019 accounted for $13.08 million, down more than 80% from the $66.24 million reported in Q3 2019. Ripple got rid of programmatic sales The massive decline in XRP sales in 2019 does not appear to be unexpected though. Specifically, quarterly XRP sales were consecutively dropping in 2019 as Ripple initiated the pause of programmatic sales in mid-2019. Announcing the plans in June, Ripple was expecting that XRP sales would
Please share if you find this article interesting. Bitcoin Price Rally Falters as Bulls Fight to Hold the $8.3K Support After three days of trading in a tightening range Bitcoin price (BTC) dropped below $8,300, stopping at $8,264 which is slightly below the $8,300 support and the 200-daily moving average (DMA) at $8,200. Earlier in the day John Bollinger, the creator of the popular Bollinger Bands indicator, tweeted that the recent pullback should not alarm investors. Bollinger said: “This is a ‘logical place’ for $btcusd to find support, a pullback to a breakout level and the middle BB.” Cryptocurrency market weekly overview. Source: Coin360 As mentioned in the previous analysis, many traders still anticipate that the price will drop to $8,200 where buyers looking to purc
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
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...
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
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
Please share if you find this article interesting. Keeping Your Assets Safe — Crypto Insurance May Soon Become the Norm If the crypto sector is to attract more institutional investors, it will need to provide more insurance solutions. This point was driven home anew with the recent news that the Gemini crypto exchange has launched a captive insurance company, Nakamoto Ltd., to insure its Gemini Custody business for up to $200 million — reportedly the largest amount for any crypto custody service in the world. This new insurer will help Gemini’s institutional clients to meet their regulatory requirements, Gemini’s head of risk, Yusuf Hussain, explained to Cointelegraph in a Jan. 16 story, and this “is consistent with Gemini’s approach of being a security-first, compliance-first,
Please share if you find this article interesting. Millennial and Male: 3 Crypto Card Issuers Profile Their Average User - Bitcoin News Platforms offering debit cards that can be topped up with cryptocurrency have enjoyed growing popularity in the crypto community. They provide a payment solution for those who earn and own digital coins, enabling in-store and online crypto payments. Their expanding user base provides a snapshot of the kind of people who spend crypto on a daily basis and what they like to buy. Also read: Crypto Debit Card Targets Generation Z With a Promise of Financial Freedom Highly Educated, Overachieving Foodies Three European companies with crypto card products shared what they know about their users with news.Bitcoin.com. Madrid-based fintech startup 2geth...