The Key to Bitcoin’s $1 Trillion Market Cap According to an article by Forbes, Bitcoin could see its market cap grow from its current $169 billion, to $1 trillion with just a 1% shift of Wall Street’s institutional investments.  Paul Tudor Jones who manages a grand total of $7 billion in assets, and known as one of the investment giants of today recently allocated 1% percent of his entire fund into Bitcoin to serve as a hedge against inflation. During unprecedent times and stimulus measures being imposed, Jone ..read more

VHCEx Newsflash | 24th June 2020 PayPal and Venmo to Soon Allow Crypto Buying and Selling  According to a Coindesk report, sources say that users of PayPal and Venmo can soon buy and sell crypto directly from their platforms. This increases PayPal’s involvement with cryptocurrencies as it currently serves as an alternative option to withdraw funds from some exchanges. This new service is expected to be available in the next three months and can possibly be stored in the built-in wallet that will probably roll out as part of this new service.   Image Sou ..read more

JPMorgan Says Bitcoin is Not Vanishing  JPMorgan, the largest bank in the US mentioned in their report that Bitcoin and other cryptocurrencies are here to stay as a legitimate asset class. This was mentioned after their strategists analysed the trading patterns of cryptocurrencies after the COVID-19 pandemic. Bitcoin did suffer some price drops during the mid-March COVID-19 market sell-off but bounced back well according to JPMorgan’s report. The report also mentioned that Bitcoin’s revival was the fastest com ..read more

VHCEx Newsflash | 10th June 2020 China Testing out Digital Currency in 4 Cities  According to Bloomberg, a pilot program for digital currency usage issued by the Chinese government was recently launched in 4 cities, namely Shenzhen, Suzhou, Chengdu, and Xiong’an—a new “smart” city in the making, to test out digital currencies. Looking to rival cryptocurrencies such as Bitcoin, reports mentioned that some of the money was distributed to individuals in the form of transport subsidies. With the expected success, it will then be implemented on a bigger scale to g ..read more

VHCEx Newsflash | 21st May 2020 Reddit To Reward Users with Own Cryptocurrency  According to Bloomberg, popular discussion platform, Reddit, is looking to launch their own digital token to reward their users. The users of two digital coin Reddit subgroups can soon earn the tokens by posting a comment. In return, they can use the tokens to buy exclusive badges, to use animated emojis and to reply to Reddit comments using gifs.  Image Source: The Star     Telegram Drops Ton Cryptocurrency Project  TON cryptocurrency project by wel ..read more

Price Rising Again After the Bitcoin Halving According to the BBC, the widely anticipated third halving of Bitcoin (BTC) has prices moving back up. The halving cuts the rewards for miners by half which has reportedly to 6.25 BTC per block. Satoshi Nakamura, the founder of BTC instilled the halving method into the coin’s programming in order to control inflation. This is unlike fiat currency that has the potential to go belly up on increase in inflation during a time of an economic crisis. The final block that was mined before the halving had a special message in it. Miner F2pool who mined ..read more

One of The World’s Top Investors Goes with BTC as Prices Soar to $10,000 A recent bullish run in the last 24 hours has helped Bitcoin surpass the holy grail of $10,000 once again. Paul Tudor Jones, one of the top investors in the world and chief executive officer of Tudor Investment Corp, has even decided to invest in Bitcoin as a hedge against inflation. According to Bloomberg, the veteran investor said he is putting a small portion into Bitcoin, despite reviewing various currencies, treasuries, gold and other financial instruments as he said the recent $3.9 trillion print ..read more

VHCEx Newsflash | 5th May 2020 Ethereum Blocks Reach 10 million Ethrereum or also known as ETH, the second largest cryptocurrency reached a major landmark recently by mining its 10 millionth block. When compared to the largest cryptocurrency Bitcoin, 628,900 blocks have been launched since its launch on 3rd January 2009. Ethereum was launched almost six years later, in 2015 and its blocks its mining technique require 20 seconds, as opposed to Bitcoin which requires 10 minutes per block. Hence, leading to why Ethereum reached 10 million blocks so much quicker. Image Source: Nulltx.com&nbs ..read more

Bitcoin jumps $2,000 in 2 Days and is Outperforming Gold and S&P500 The rise in Bitcoin’s prices back above the $9,000 mark has brought back Bitcoin to the top as the highest performing asset of 2020, once again. Previously, the largest cryptocurrency by market capitalization was fighting head-to-head against Tesla for the top spot before the COVID-19 flash crash in February. According to Forbes, the year-to-date returns of Bitcoin stands at 25% which surpasses the 12% recorded by gold and is significantly above the recent gains of S&P 500 which is still down by 10% in 2020. With less ..read more

Market Elements Influencing $8.8 Trillion Crypto Trades in Q1 During the first quarter of 2020, the cryptocurrency market traded a grand total of $8.8 trillion in spot and futures markets as according to a news report on Bitcoin.com. Even with the likes of Warren Buffet disagreeing with cryptocurrency’s potential, volume of $8.8 trillion on any commodity is definitely worth revisiting. Bear in mind that Warren Buffet’s stance has always been to not invest in things he does not understand.    By that notion, let us help you understand what is ha ..read more