Fed Chairman on Crypto: “Not Real Currencies; Lack Intrinsic Value”

Yesterday, bulls charged the crypto market, which caused Bitcoin to add $9B to its market capitalization in less than thirty minutes. But the Fed chairman on crypto is swinging the opposite way. Today, we’ve seen a few bears emerge from the forest. Specifically, the head of the Federal Reserve spoke on cryptocurrencies today, providing comments that indicate he is bearish on virtual currencies.  Fed Chairman on Crypto: A Risky Investment  On Wednesday, Jerome Powell, the head of the Federal Reserve, which is the US’s central banking system, spoke with members…

Crypto Bull Run: Wells Fargo and Bank of America Patents Push Market Upwards

The cryptocurrency market is booming this morning after a slew of crypto-positive announcements have hit the media. Is a crypto bull run upon us? Bitcoin (BTC) is eyeing the $7,500 mark, and Ethereum is just under $500. Stellar (XLM) and Cardano (ADA) are leading the market today as both coins are seeing over 20% price gains. Mastercard, Bank of America, and Wells Fargo all announced this morning that they are pursuing new blockchain-related patents. This very well could be the reason why investors are buying into crypto this morning. Wells…

Marc Lasry: “Bitcoin Investors Will Make 5 to 10 times their Money in 3 to 5 Years”

Marc Lasry Predicts: Bitcoin has been on a run this week. The coin made a whopping and sudden 10% gain yesterday and it is still heading skyward. Currently, it is sitting pretty at $7,457. This week’s gains are surprising to some considering Bitcoins recent moves; it seemed everything was steadily going southward. Marc Lasry Predicts Avenue Capital Group CEO, Marc Lasry, has always regretted not buying Bitcoin when it was $300. The billionaire spoke of his regret back in December and has spoken out favorably for the coin again today with…

Bitcoin Price: Bitcoin (BTC) Nears $7,500

Bitcoin (BTC) is having a phenomenal 24 hours on the market; a bull run we haven’t seen from the digital currency in months. Let’s check in on the Bitcoin price. Source: CoinMarketCap Bitcoin Price Movement Last week, Bitcoin had an unimpressive week on the market, but it seems to have turned itself around as BTC has seen over a 15% increase in just seven days. This doesn’t compare to the percentage gains the cryptocurrency was seeing towards the end of last year, but it’s a positive step. This morning, Bitcoin…

Bitcoin Price: Bitcoin (BTC) Jumps Up Just Below $7,500

Bitcoin Price – Bitcoin (BTC) is having a phenomenal 24 hours on the market; a bull run we haven’t seen from the digital currency in months. Featured Image: CoinMarketCap Bitcoin Price Movement Last week, Bitcoin had an unimpressive week on the market, but it seems to have turned itself around as BTC has seen over a 15% increase in just seven days. This doesn’t closely compare to the percentage gains the cryptocurrency was seeing towards the end of last year, but it’s a positive step. This morning, Bitcoin gained over…