Why Bitcoin is turning into a safe haven for investors

Every fiat currency is devaluing itself on purpose    As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin as a hedge, according to economist, Raoul Pal.      In a Twitter thread, the former Goldman Sachs executive makes the case for why the world is fast approaching a currency crisis. Pal also believes Bitcoin will thrive throughout the impending monetary carnage. He warns that:    We are at the most important juncture…

Read More

World, Business, Bitcoin News Today – 7 August 2019 – Pakistan vows to fight India on Kashmir

Pakistan vows to fight India on Kashmir Pakistani PM Imran Khan has vowed to fight India’s decision to revoke Indian-administered Kashmir’s autonomy, including at the UN Security Council. Mr Khan said the move was in breach of international law, adding that he feared ethnic cleansing by India. The region remains locked down, a day after India announced the move. The Himalayan region of Kashmir is claimed in its entirety by both India and Pakistan, but each country controls only part of it. There is a long-running separatist insurgency on the…

Read More

World, Business and Bitcoin News Today – 6 August 2019 -Trump imposes sweeping sanctions on Venezuela

    Trump imposes sweeping sanctions on Venezuela  President Donald Trump on Monday signed an executive order freezing all assets of the Venezuelan government, further tightening restrictions on embattled President Nicolas Maduro. The sanctions are the latest economic maneuvers targeting the Maduro government, since late July when the U.S. Treasury Department sanctioned 13 entities and 10 individuals, including three of Maduro’s stepsons, for running an alleged corrupt network of shell companies to syphon money from the country’s emergency food subsidy program. The United States government has been applying pressure on…

Read More

World, Business and Bitcoin News Today – 2 August 2019 – US pulls out of Nuclear Treaty with Russia

    US pulls out of Nuclear Treaty with Russia. As reported by the BBC:The US is set to formally withdraw from a nuclear treaty with Russia, raising fears of a new arms race. The Intermediate-Range Nuclear Forces Treaty, INF. was signed by US President Ronald Reagan and Soviet leader Mikhail Gorbachev in 1987. It banned missiles with ranges between 500-5,500 km (310-3,400 miles). But earlier this year the US and Nato accused Russia of violating the pact by deploying a new type of cruise missile, which Moscow has denied.…

Read More

UK moving towards Bitcoin and Crypto Ban

The UK has been in the news lately about Brexit  and new prime minister, Boris Johnson but now the U.K.’s financial services watchdog has warned potential investors that bitcoin and cryptocurrencies have “no intrinsic value,” with some taking the caution as a signal the country could be moving towards a bitcoin ban.   This is a small, complex and evolving market covering a broad range of activities,” said Christopher Woolard, executive director of strategy and competition at the U.K. Financial Conduct Authority (FCA), which oversees London’s huge banking industry. Today’s…

Read More

World, Business and Bitcoin News Today – 1 August 2019 – Bitcoin breaks $10,000, Bin Laden’s son killed in Airstrike

    Bitcoin breaks $10,000. Bitcoin bulls had something to get excited about, as the largest cryptocurrency by market capitalization jumped 3% overnight. Overall the market was mixed though with Ethereum, and Bitcoin Cash, losing 3% each. Lite coin had a good day with a 4% jump. The cryptocurrency markets are looking for direction, after Facebook’s Libra plans seem uncertain, and bulls are hoping that Bitcoin could set the trend going into August     Bin Laden’s son killed in Airstrike Hamza Bin Laden, the son of al-Qaeda founder Osama…

Read More

World, Business and Bitcoin News Today, 31 July 2019 – Democrats clash over Healthcare and Immigration, North Korea fires more missiles

    Democrats clash over healthcare and immigration. Ten Democratic presidential hopefuls have clashed in a televised US debate, that laid bare the party’s deep divisions over how best to win in 2020. Elizabeth Warren and Bernie Sanders, the most liberal candidates in the crowded field, came under attack from their more moderate colleagues. The three women, and seven men on stage in Michigan, debated healthcare, border policy and how to defeat Donald Trump. Ten more Democrats, including Joe Biden and Kamala Harris, will debate on Wednesday. The winner of…

Read More

Six Years since the first ICO – What’s Next?

On July 31, 2013, J.R. Willett launched the first ever ICO, Mastercoin (now Omni), and today will mark 6 years since this monumental occasion.    Looking at the last 6 years, it’s evident that the industry has matured and the very nature of fundraising within the blockchain space has changed. We’ve witnessed a slight shift away from ICOs: as evidenced in this STO report from the NEM Foundation, and the recent launch of STOs in public markets. In 2019, we’ve witnessed a further progression towards IEOs. In light of this…

Read More

World, Business and Bitcoin News Today – 30 July 2019 – Capital One Hacker Arrested after Massive US Data Breach, Facebook warns investors on Libra

    Capital One Hacker Arrested after Massive US Data Breach The personal details of about 106 million individuals, across the US and Canada, were stolen in a hack targeting financial services firm Capital One, the company has revealed. The announcement came after the alleged hacker was arrested on Monday. According to Capital One, the data included names, addresses and phone numbers of people who applied for its credit card products. But the hacker did not gain access to credit card account numbers, it said. According to the BBC, The…

Read More

World, Business and Bitcoin News Today – 29 July 2019 – Mass Shooting at California Food Festival Leaves Three Dead

Welcome to the BitMedia news review with the latest World News, Business, Bitcoin and Crypto headlines and stories. To keep updated, subscribe to our BitMedia channel, and hit the bell notification.     Mass Shooting at California Food Festival Leaves Three Dead  A gunman killed at least three people at a California food festival on Sunday, before being shot dead by police, and police were hunting for a second person they believed was involved in the killing. Some 15 people were wounded during the mass shooting at the three-day Gilroy…

Read More