Crypto News

  • Multiple reasons Goldman Sachs say cryptocurrencies like Bitcoin are not an asset class
    on May 28, 2020 at 4:59 pm

    Leaked slides from a  Goldman Sachs investor presentation  Goldman Sachs say the danger of hacks, other losses related to cryptocurrencies, along with their use to abet illicit activities are all liabilities for crypto. GS conclude that cryptocurrencies, such as Bitcoin, […]

  • PBOC says China aims to have its cryptocurrency ready soon
    on May 27, 2020 at 1:16 pm

    China is planning to have its own sovereign digital currency ready in time for the 2022 Winter Olympics - People's Bank of China Gov. Yi Gang released a statement on the digital currency, but did not specify a firm timetable for the release.  Via Nikkei, for more (may be gated) […]

  • More from Paul Tudor Jones - bullish gold and bitcoin
    on May 12, 2020 at 12:42 pm

    Greg posted PTJ's thought on bitcoin last week: Adam posted on the chap over the weekend also: -  Paul Tudor Jones is one of the great macro traders of all time but he's 'a slave to the tape'   More from Jones now, this via : […]

  • The bullish and the bearish from the Bitcoin charts
    on May 12, 2020 at 3:38 am

    Daily bounced off support.   Resistance stalled the bounce on the hourly chart The price of Bitcoin on the Coinbase exchange (weekend trading included), saw the price move sharply lower on Sunday, and in doing so, saw the price test a upward sloping trend line and 100/200 day MAs (blue and green lines. The low reached $8106. T […]

  • Bitcoin weekend update (downdate?)
    on May 11, 2020 at 12:50 pm

    BTC/USD fell sharply over the weekend: It can be a volatile beast, thinly traded. Relevant catalysts seem to be absent.   Perhaps the folks reading about the "halvening" are taking it the wrong way? Its not the price that's the halvening is all about but the supply (the imminent supply shock, once it's taken place only 900 […]