US Household Debt Hits Record Level, Is Bitcoin The Solution?

Recent reports indicate that the level of household debt in the US has reached a record high of over $14 trillion. Dollar devaluation and a flawed banking system has been the catalyst but can bitcoin be the solution? Deepening Debt Crisis According to the Federal Reserve’s Quarterly Report on Household Debt and Credit, total US household debt reached a record $14.15 trillion at the end of the year. This follows an increase of $193 billion, or 1.4%, in the fourth quarter of 2019. The report noted that total household debt…

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Bitcoin Slides Under $10,000, JP Morgan & Ethereum, and the US’ Cryptocurrency Crackdown

Another week, another round of Crypto Tidbits. If you look at the below chart, it may seem like Bitcoin had a subdued week in terms of price action; however, the past few days for this budding market has been filled with ups and downs, like the surge to $10,600, then the subsequent strong retracement to $9,700 on Saturday morning as bulls failed to keep up the pressure. Whatever the case, BTC ends the past seven days up a mere 0.33%. Though, Bitcoin’s non-performance on the week is abnormal, with altcoins such…

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‘Best Brand’ Bitcoin Can Hit $20K by May Halving, Says Mike Novogratz

Bitcoin (BTC) has the potential to reach and even surpass its all-time highs of $20,000 by May’s block reward halving.  That was the opinion of Mike Novogratz, the serial venture capitalist who has stayed consistently bullish on BTC.  Novogratz: Bitcoin “best brand of the past 11 years” Speaking to CNBC in an interview on Feb. 14, Novogratz called Bitcoin the “best brand of the past eleven years” and said 2020 will be the year it challenges $20,000 once more.  “Right now, Bitcoin feels a little frenzied and we could see…

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The Potential and the Reality of Bitcoin Charity

The best nonprofits and charities are efficient, effective and engaging. They channel donations to where they’re most needed, they make significant improvements to people’s lives, and they inspire donors and supporters to continue giving. Achieving all of these goals is a challenge for even the largest organization, and that’s why I founded my own Bitcoin charity, BitGive, a 501(c)(3) nonprofit. I knew then and have grown even more confident that blockchain and cryptocurrency can improve charitable giving — and, therefore, improve the world. Because the Bitcoin blockchain is a public…

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XRP Outperforms Top 5 Cryptos, Unfazed by BitMEX Crash

The price of XRP recovered remarkably after the BitMEX crash, which led to heavy liquidations. Now, XRP is the best-performing coin among the leading 5 assets. Bulls Regain Momentum after BitMEX Crash XRP regained its footing, standing at $0.32, keeping most of the gains from the past day. The price was surprisingly not hurt by the event where XRP fell to $0.14 based on low liquidity on BitMEX. But this one-off trading event did not divert the asset from its bullish trajectory. The trading volumes for XRP, however, are slightly…

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How One Crypto Trader’s Tragedy Is Another’s Gain

Overnight last night, the price of XRP flash crashed as low as 13 cents on the popular margin trading platform BitMEX. Widespread complaints made waves across the crypto community, as traders who were long XRP on the exchange were liquidated, losing their funds. But there are always two sides to every trade, and those who were prepared were able to double their money in a matter of seconds. XRP Flash Crashes to 13 Cents on Margin Trading Platform BitMEX Volatility has returned to the crypto market in a big way,…

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5 Cryptocurrencies Making a Comeback in 2020: XRP, ETH, XTZ, ADA, NEO

Here are five altcoins that rallied as Bitcoin’s dominance rate dropped from 68% to 62% and the party looks set to continue. On Feb. 12, the crypto market achieved a new milestone by climbing above the $300 billion market capitalization mark for the first time in 6-months. This shows interest in the sector continues to grow as a steady flow of funds enter the space. Since the start of 2020, the crypto market cap has increased from $218.4 billion to $303.1 billion, a 65.92% increase.  At the same time, Bitcoin’s…

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AI-Managed Bitcoin Trading Accounts Show Significant ROI

This is a sponsored article provided by World Markets. Looking for the next best thing to invest in is difficult — sometimes you get in too late and miss the opportunity of a lifetime. Trading in the cryptocurrency market can be extremely profitable if done correctly, but it requires a deep understanding of the market you’re in. One of the most exciting and yet difficult things that the crypto market has to offer is its volatility. This same factor has made people millionaires but has also cost others a fortune.…

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