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Bitcoin Is Controlled By China, Ripple Is The Only Alternative

In what seems to be a rare moment of very outspoken grandeur, Brad Garlinghouse the CEO of Ripple has spoken out against Bitcoin, stating that the supposed ‘decentralised’ cryptocurrency is actually an asset controlled by the Chinese and that therefore, it can never be a realistic currency with any realistic means of adoption. This took place at the 2018 Stifel Cross Sector Insight Conference, when Garlinghouse took to the stage to answer questions from Lee Simpson, a Stifel Tech Analyst. According to thestreet.com, Garlinghouse said: "A number of prominent people, even Steve Wozniak, has said that he sees a world...

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Bitcoin (BTC) Short Squeeze Or Retest Of $6,000?

Bitcoin (BTC) is currently trading around $6,400 and will now complete either of two most likely scenarios. Scenario A will be a Bitcoin (BTC) short squeeze as market makers force bears to cover their shorts resulting in the price surging past $7,200 in a matter of hours. Scenario B will be letting Bitcoin (BTC) retest $6,000 which will result in a natural inflow of buyers as demand level is reached. RSI level for Bitcoin (BTC) currently points to a reversal either way. It may happen before $6,000 or at $6,000 but the market seems poised for a reveral at this...

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Has Bitcoin Become Centralised?

Decentralisation is one of the promises of cryptocurrency that makes it shine. Decentralisation is the premise through which Bitcoin was established and through which the majority of cryptocurrencies exist within. Decentralisation means that overall, nobody owns overall control of the asset. Yet, when you look at the statistics, many cryptocurrencies are owned in majority by few entities, Bitcoin is no exception to this. A new report out today by Finance Magnates actually highlights that overall, less than 1% of Bitcoin investors actually have the capacity to control over 35% of the network, therefore you could argue that Bitcoin really isn’t...

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Bitcoin Runs Off Trust, And Nothing More

As a part of our transparent take on reporting, we like to take a look at the interpretations of crypto phenomena presented by other external news sources. Essentially, we want to foster a community of sharing and collaboration that benefits both journalists and crypto news readers. The more shares any news piece gets, the better it is for everyone, in the pursuit for transparency at least. Today, Pavel Kravchenko of Cryptovest has uploaded a great article titled: ‘Bitcoin is Not That Trustless: What’s Behind it Then?’ You can see the full article for yourself here- https://cryptovest.com/reviews/bitcoin-is-not-that-trustless-whats-behind-it-then/ Within this, Kravchenko discusses...

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What Will It Take To Get Bitcoin Back Up To $10,000?

It feels like a lifetime since we where watching the markets push Bitcoin up to that majestic $10,000.00 target. $10,000.00 marked a half way point in which Bitcoin would have achieved 50% of the climb it needed to reach its optimum goal of $20,000.00. Of course, many investors do believe that $20,000.00 would still see Bitcoin very much undervalued and that therefore once $20,000.00 was breached, Bitcoin would continue to climb. Since the days of optimism though, we have only seen Bitcoin fall, it’s latest tumble bringing Bitcoin down to new lows not experienced for around two months. If this...

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