Crypto Bottom Close But Not a ‘Safe Haven’ for Stock Market Downturn

Legendary venture capitalist Fred Wilson says 2019 might be a “doozy,” leading investors to be cautious. Cryptocurrency markets won’t be a “safe haven” amidst global uncertainty but: “There will be signs of life in crypto land in 2019.” Wilson believes the U.S will see a change in presidents this coming year. This will affect the …

FAANG Stocks are Down $1 Trillion from Yearly Highs

Twitter Facebook LinkedIn As the crypto market reels from a weeklong downturn that has forced the bitcoin price to its lowest point in almost 14 months, it appears that traditional markets do not intend to welcome investors back with open arms. Markets Erase Year-to-Date Gains Following yet another decline on Tuesday, the Dow Jones Industrial …

Bitcoin Venezuela on Why the Petro Isn’t Even ‘Backed by Trust’

Randy Brito is the head of Bitcoin Venezuela, a non-profit organization dedicated to educate and promote Bitcoin in Venezuela. He is also spearheading the Locha project, which he describes as “an effort to push the needed developments and research for achieving the hyperbitcoinization in Venezuela.”  Brito also sees a use case for bitcoin in countries …

Iran’s Bitcoin Volume Soars as Rial Value Enters ‘Death Spiral’

Iran’s national currency has crashed to its record low against the U.S. Dollar as the country prepares to face economic sanctions imposed by the Trump administration. The Iranian Rial, which was just beginning to gain momentum after years of depreciation, set a new low on Monday, trading on an average at 100,000 Rials on the …

Price-Stable Cryptocurrency Project ‘Basis’ Raises $133 Million in Funding

Join our community of 10 000 traders on Hacked.com for just $39 per month. Basis, formerly Basecoin, has raised $133 million in a private placement, chief executive Nader Al-Naji revealed today. The Hoboken, N.J.-based project plans to create a stable cryptocurrency with an algorithmic central bank that will keep the price stable, something that has …