Tag Archives: Bitcoin


Will the Decision to Make Digital Assets Bankable Promote Crypto Industry Growth?

  By David Drake   Utilization of cryptocurrencies and blockchain in the banking sector is not an entirely new concept. Banks around the globe have either reacted positively or negatively to crypto implementation. Blockchain technology has, however, evolved from being ignored and seen in a bad light, to providing innovative solutions in the banking industry. On realizing its potential, banks […]

Why Falcon’s Digital Asset Service will Promote Crypto Integration in the Banking Sector

  By David Drake   Despite significant technological advancements, cryptocurrency critics have been described as a bubble that would burst and have adverse effects on its holders. This idea has largely been propagated in the banking sector because cryptocurrencies have been perceived as destructive to the already established business status quo. However, the reality is changing and slowly, banks are […]

What will it Take for Bitcoin’s Price to Recover in 2019?

  By David Drake   2018 was by all means a difficult year for cryptocurrencies, but the last two months have been even more challenging for the leading digital currency, Bitcoin. In November, Bitcoin traded at less than $4000, the lowest it has reached since October 2017. This price drop sent waves of panic across the market even as the […]

Bitcoin Price and the Probable Causes of its Downward Trend

  By David Drake   The world’s leading cryptocurrency, Bitcoin, has been on a downhill trend with its price dipping to below $4000 last month. This kind of price drop was last seen in August 2017, yet it is the lowest Bitcoin has ever gotten and raises questions on whether this could be the end of the cryptocurrency. Optimists, however, […]

Why Community Divisibility Might be Behind the Recent Market Crash

  By David Drake   Over the past weeks, the cryptocurrency industry has experienced a dramatic decline in its total market capitalization. The prices of most cryptocurrencies took a sharp nosedive, disappointing investors. The industry’s growth had started to slow down after hitting highs towards the end of 2017. This is particularly true for Bitcoin which reached an all-time high […]

What Caused the Recent Sharp Decline of Crypto Market Capitalization?

  By David Drake   The cryptocurrency market by its nature is unpredictable and has recently experienced a major downfall. By close of 2017, the value of Bitcoin and Ethereum rose to the highest point with Bitcoin reaching a high of almost $20,000. This high value of Bitcoin caused some countries to introduce cryptocurrency regulations to curb speculation in the […]

The Real Reason Behind the Crypto Market Nosedive

  By David Drake   Despite aggressive predictions by financial pundits on the expected turnaround of digital coins, the cryptocurrency market hit a major road bump last month when its market capitalization fell by $42 billion. For the first time since inception, this drop landed the already crippling digital market capitalization below the $200 billion mark. At the beginning of […]

What are Most Possible Causes for the Recent Crypto Market Crash?

  By David Drake   The cryptocurrency industry has just had a major setback in its efforts to regain the highs witnessed by the market in 2017. This is after it experienced one of the biggest market crashes in recent times that saw bitcoin price plummet below the $4000 mark. The crypto market crash was so intense to the extent […]

Bitcoin Takes Nosedive After Investors React to IMF Ruling

  By David Drake   In its World Economic Outlook published last month, the International Monetary Fund (IMF) cited that vigorous growth of digital currencies and the premature celebration of the cryptocurrency movement could potentially create vulnerabilities within the international financial system (IFS). Immediately after the IMF made this announcement, prices of major cryptocurrencies, including bitcoin, plummeted, resulting to a […]

What are Reasons Behind IMF’s Warning Against Cryptocurrencies?

  By David Drake   This past month, the International Monetary Fund (IMF) became the first global financial body to raise alarm over the fast growth of virtual assets and the impact this new asset class could have on the global financial market. The IMF warning comes just a month after the UK government issued a statement that branded the […]