Bitcoin breaks below $8,000 as free fall continues | New Ethereum ASIC dominates GPU mining performance

BTC 📉 $8,108 (-5.05%) / ETH 📉 $165 (-3.32%) / XRP 📉 $0.24 (-1.94%)

Modern Monetary Theory justifies printing more money, Bitcoin is the counterargument

Modern Monetary Theory justifies printing more money, Bitcoin is the counterargument

Mario Draghi, the outgoing president of the European Central Bank, mentioned the institution is open to Modern Monetary Theory—a fiscal and monetary framework that argues governments can keep printing money so long as inflation is in check.

2 min read →


Bitcoin breaks below $8,000 as free fall continues

Bitcoin breaks below $8,000 as free fall continues

Bitcoin continues ripping through major support, breaching the $8,000-level support within the last hour. From open at $10,027 on Sep. 23, BTC has now fallen over 20 percent.

2 min read →


Trader: bears won the short term fight for bitcoin, but what happens next?

Trader: bears won the short term fight for bitcoin, but what happens next?

Subsequent to the near 20 percent pullback in the bitcoin price, trader Nick Cote said that bears won the short term fight with more room for a deeper correction in the cryptocurrency market.

2 min read →


Coincidence or correlation? US stock market plunge preceded Bitcoin’s crash to $7,900

Coincidence or correlation? US stock market plunge preceded Bitcoin’s crash to $7,900

Bitcoin experienced its worst plunge since January 2018, dropping as much as 18 percent on Sept. 24. The drop came shortly after the U.S. stock market experienced a similar crash, which led many to question whether Bitcoin was truly a “safe haven” asset.

2 min read →


New Ethereum ASIC dominates GPU mining performance

New Ethereum ASIC dominates GPU mining performance

Canaan unveiled a new Ethereum ASIC that’s more than 5-times more efficient than commercially available GPUs. This doesn’t bode well for small-scale miners and threatens to potentially increase centralization of the network.

3 min read →


London becomes world’s top fintech city by number of deals closed, beats New York and San Francisco

London becomes world’s top fintech city by number of deals closed, beats New York and San Francisco

London has beaten New York to become the world’s most active fintech hub by the number of fundraising deals in 2019, collecting $2.1 billion in funding from 114 deals in the first eight months of the year, CNBC reported.

2 min read →


ICYMI

🐻 Bitcoin filled a bearish gap on CME futures and now a bullish one awaits to get filled

🤔 What is Proof of Work?

😯 Tether becomes 4th largest crypto, demonstrating intensity of market blood bath

📉 MakerDAO service DeFi Saver CDP liquidation protection slips as ETH price crashes


Featured blockchain companies

Thanks to the following companies for their support:

🚀 MXC - MXC Exchange is an exchange platform focusing on cryptocurrency assets, founded by some senior practitioner in blockchain industry and specialists from Wall Street, Japan, and Europe. Learn more

OAS CHAIN - OAS CHAIN is focused on developing special gateways for cryptocurrencies for safe payment, IoT security, and hosting private blockchains. OAS CHAIN has patents to IoT security, private hosting, and payment gateway. Learn more

🌱 Vitae - Vitae.co is a social media rewards website. VITAE is the utility token to enable access to the products and/or services offered by a company. Learn more

📱 Haven - Haven is a marketplace, social, private chat and a powerful cryptocurrency multi-wallet all in one place. Learn more

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