NewsRoom Articles - Page 99 of 171

TuesdayOct 15, 2019 10:54 am

Xalles Holdings Inc. (XALL) Enters Cryptocurrency Distribution Agreement as Fiat Money Faces Bleak Outlook

Bitcoin and other cryptocurrencies are expected to grow further amid numerous indications of an impending global economic recession Xalles Holdings recently entered a revenue sharing relationship with automated cryptocurrency trading engine ATN Trading Customers can link their Binance or Coinbase accounts to the engine to trade several currencies and will pay a fee only when profit is made Many proponents of cryptocurrency are viewing signs of a possible economic recession as the potential foot in the door for a decentralized financial system, such as bitcoin, to take root. The Chinese yuan is plummeting as the U.S. fuels trade war. The European…

MondayOct 14, 2019 2:03 pm

Wild West Crypto Shrugs Off Volatility with a Tip: Stay Calm and ‘HODL’ On

On the Wild West Crypto Show, where hosts Drew Taylor and Brent Bates dissect the good, the bad and the ugly in the space, it was mostly good on episode 79, ‘Crypto Market Still Bouncing Around’. Crypto markets are trending upward, but volatility appears to be the status quo. On October 7, 2019, for example, the top five cryptocurrencies – Litecoin, Bitcoin, Bitcoin Cash, Ethereum and Ripple – went up four percent in aggregate, with Ethereum, the best performer, hitting $180.49 after rising 6.01 percent (http://ccw.fm/jrV88). No doubt, the roller-coaster ride is making some crypto investors nervous, but the two crypto…

MondayOct 14, 2019 11:45 am

Where Does Robinhood Go Now?

Robinhood led the way in zero commission equity trades since 2013. Now, major discount brokerages like Fidelity, Schwab, E-Trade and TD Ameritrade are following suit. These established brand names have large user bases, a wide variety of services, and substantial assets under management. Fidelity has around 20 million accounts (a little more than Coinbase), and Charles Schwab has approximately 10 million user accounts. Meanwhile, Robinhood has less than 6 million accounts as of earlier this year. Traditional established brokerages have a leg up on Robinhood because they provide users with more options that range from bonds to mutual funds, and…

FridayOct 11, 2019 11:19 am

Earn Interest By Holding USDC On Coinbase

On October 2, 2019, leading U.S-based cryptocurrency exchange and wallet service, Coinbase officially announced that they would offer qualifying HODLers of USDC with a 1.25% annual percentage yield, with rewards being distributed every month except to New York State residents. Coinbase describes USD Coin as a stablecoin that offers price stability by being backed by a reserve asset. Created by Circle and Coinbase, the CENTRE technology is an open-sourced stablecoin framework and the consortium issued over one billion USD Coins as of early August 2019. Coinbase intends to share the return on users’ USD Coin holdings without having to sell…

ThursdayOct 10, 2019 11:55 am

Is the U.S. Making A Mistake By Not Developing A Government-Backed Crypto Token?

China is in research and development of the Digital RMB, Venezuela has the Petro, and Iran is investing in the development and launch of its own cryptocurrency. In fact, even the EU is tossing around the idea of a digital currency, and there are many more countries looking to digitize their monetary systems – but where is the United States as far as the development and launch of its own crypto token? Wolfgang Koester, Chief Strategy Officer of Kyriba, said that financial analysts must focus on active liquidity management to avoid volatility issues. He cited the example of Chinese Yuans…

WednesdayOct 09, 2019 12:02 pm

How Does Square Work?

In a world where the advantages of running an online business far outweigh the shortcomings, everyone seems to be flocking towards this business model. Even if you are trying to reach the brick-and-mortar market, starting from a virtual space often seems to be the way to go. Knowing how Square works can give you a leg up in your business. Why Square? A virtual marketplace is not just restricted to small businesses with their proverbial doe-eyed aspirations. Multi-million dollar companies also take this route to start with exclusively-online services before taking their operations to pop-up stores and later to retail…

TuesdayOct 08, 2019 1:57 pm

World Crypto Conference Set to Remake Vegas as ‘Crypto City’

For a week this month, Sin City may shed its salacious nickname for the more appropriate Crypto City, as the upcoming World Crypto Conference (WCC) comes to town. WCC’s second annual Blockchain and Cryptocurrency Technology conference, hosted by event-management company EVOLV, takes over two levels of the Cosmopolitan of Las Vegas for three days – October 29-31, 2019. The Cosmopolitan of Las Vegas, perhaps best known for its 110,000 square feet of casino space, also offers some 150,000 square feet of convention space. Expected conference goers will include application developers; representatives from advisory, auditing and academic institutions; executives from financial-service providers and…

TuesdayOct 08, 2019 11:41 am

Do You Buy Gold Or Bitcoin Right Now?

This gold versus bitcoin narrative continues to play out and becomes an even more important talking point as we see several different negative macroeconomic trends. But we need to understand the narratives behind bitcoin and gold to see why they matter and how they fit into a broader portfolio. Let us take a look at these two different asset classes. Bitcoin We’ve seen the bitcoin price rapidly rise from the first half of this decade to the latter half. Bitcoin hit an all-time high before descending like Icarus in 2018. The leading digital asset would fall to a low of…

MondayOct 07, 2019 1:37 pm

Wild West Crypto Show Reveals Way to be Covered If You’re Hacked

On episode 78 of the Wild West Crypto Show, ‘Insurance in Cryptocurrency’, straight-shooting crypto cowboys Drew Taylor and Brent Bates, hosts of the show, were at it again, bringing their loyal fans up to speed on developments in the space. This time, the two hosts welcomed guest Brandon Brown from nobl Insurance, who assured listeners, “If you’re hacked, we have you covered.” Brown announced that nobl is planning to offer insurance for crypto assets – a welcome development, since crypto scams abound. CipherTrace’s Q2 2019 Cryptocurrency Anti-Money Laundering Report noted that “aggregate crypto losses [have] reached $4.3 billion this year…

MondayOct 07, 2019 11:58 am

Libra Backers Less Optimistic

The signing of the Libra Association Charter is fast approaching the October 14th deadline but there is trouble in Libra as many of its global payment partners are casting doubt and pulling support from the Libra project. To date, Libra’s top four global payment partners PayPal, Visa, MasterCard, and Stripe, are having doubts about its success, with top executives of these firms declining Facebook’s request of support. This does not bode well for the global payment system that Libra has been developing. Though there is a non-binding contract for the formation of the Libra Association, payment partners were supposed to…