Bitcoin Price Primed for 100% Surge in 2020: Josh Rager

Crypto trader Josh Rager is a noted bitcoin bull known for his ambitious price targets. He is now predicting that the price of the flagship cryptocurrency could surge 100% in 2020 if a historical pattern repeats itself once more. Bitcoin price could set a new record above $20,000 Rager cites a pattern that was last […] The post Bitcoin Price Primed for 100% Surge in 2020: Josh Rager appeared first on CCN Markets

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JPMorgan Warns Stablecoins Like Libra at Risk of ‘System Gridlock’

The new breed of stablecoins led by Facebook’s Libra could be vulnerable to failure in periods of network stress.  According to an analysis from JPMorgan released on Sept. 5, they lack the short-term liquidity of other payments systems, so usage could grow faster than the network can safely support. Transaction growth could outpace network capacity In a note to clients, analysts highlighted the potential for substantial growth in stablecoin payment systems like Libra.  But JPMorgan urges caution if the networks become responsible for a significant proportion of global transaction activity.…

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Infographic: Bitcoin’s Market Cap in Perspective

Bitcoin has always been the leading cryptocurrency in market capitalization — the total value of its circulating supply in dollars — by a wide margin. But how does bitcoin’s market cap compare to the rest of the world’s markets and assets? As this infographic illustrates, bitcoin’s market cap is dwarfed by traditional asset classes. It is much smaller than other stores of value like gold and the global real estate market. Vastly more money has been invested in Silicon Valley. And bitcoin is similarly overshadowed by the gross domestic products of…

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The NFL Is About to Make a Killing from Sports Betting

As the National Football League (NFL) kicks off tonight, the league will rake in riches in a whole new way. Last year, the supreme court struck down a federal law from 1992, which banned sports betting in most states. It’s now fully legal in 13 states with more on the way. The NFL will look […] The post The NFL Is About to Make a Killing from Sports Betting appeared first on CCN Markets

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