Bitcoin Gold (BTG) 51% Attacked Again, $70,000 Doublespent

January 27, 2020  /  by Crypto.IQ
Bitcoin Gold (BTG) is a fork of Bitcoin (BTC), with the difference being that Bitcoin Gold (BTG) is meant to only be mined with graphics processing units (GPUs) rather than application specific integrated circuits (ASICs). However, Bitcoin Gold (BTG) has been 51% attacked again, and is clearly inherently flawed. On Jan. 23, an attacker removed 14… Read more

Binance CEO Says Exchanges Are a Safer Place to Hold Crypto Than a Wallet, Which Is Incorrect

January 20, 2020  /  by Crypto.IQ
Peter Schiff created a flurry of controversy on Twitter when he lost access to his Bitcoin (BTC) wallet, apparently due to the wallet becoming corrupted, and his password supposedly no longer being valid, which does not make that much sense. In any case, Binance CEO Changpeng Zhao responded that most people do not have the… Read more

The 2020 North American Bitcoin Conference: In-Depth Report

January 20, 2020  /  by Zachary Mashiach
This is a first-person accountfrom our on-the-ground reporter at the 2020 North American Bitcoin Conference at the James L. Knight Center in Downtown Miami. The idea is to give those who did not attend and glimpse of the inner workings of a major crypto conference as well as some insights into the current state of the… Read more

Bitcoin Is Fundamentally Better Than Gold As Both a Currency and a Financial Safe Haven

January 15, 2020  /  by Crypto.IQ
For perhaps the entire history of human civilization gold has been used as a form of currency, and in more recent times gold is considered one of the top financial safe-haven assets during times of economic crisis. As this article will explain, however, Bitcoin (BTC) is fundamentally better than gold as both a currency and… Read more

Bitcoin Will Rally If the Strait of Hormuz Gets Blocked or Disrupted Due to a War with Iran

January 8, 2020  /  by Zachary Mashiach
A recent Crypto.IQ article predicted that if the conflict between Iran and the United States escalated any further, Bitcoin (BTC) and precious metals would rally while stocks would simultaneously weaken. That’s exactly what happened after the United States assassinated the top Iranian General, Qassam Suleimani, on Jan. 2. Bitcoin (BTC) has risen from $6,900 to… Read more

If the European Central Bank Ever Launches a Digital Currency, It Would Purposely Have Highly Negative Interest Rates

January 6, 2020  /  by Crypto.IQ
The European Central Bank’s (ECB) Director General of Market Infrastructure and Payments released a paper which describes how a European Central Bank Digital Currency (CBDC) would function. One of the key points is that if people held too much of the Euro CBDC they would be charged unattractive, i.e. highly negative interest rates, so that… Read more

Proxy War Between The United States And Iran Is Re-Intensifying, Could This Situation Eventually Trigger A Bitcoin Rally?

January 3, 2020  /  by Zachary Mashiach
In late June Iran shot down a United States surveillance drone that was in international air space, although very close to Iran’s border. The United States then prepared to strike Iran, with ships readying missiles and fighter jets approaching the targets. However, at the last moment Trump called back the strike, saying that it would… Read more

Ethereum Muir Glacier Hard Fork Successfully Deploys, Perhaps This Is the Last Fork for a Long Time

January 2, 2020  /  by Crypto.IQ
The Ethereum (ETH) Muir Glacier hard fork deployed at block 9.2 million, which occurred in the early morning hours on January 2. The fork appears to be quite successful, with 93% of the network running Muir Glacier, and the number of nodes which have not yet upgraded is rapidly decreasing. The Muir Glacier hard fork… Read more

Long Term Fiat Has No Value: The USD Has Lost 95% of Its Purchasing Power Since the Federal Reserve Opened in 1913

January 2, 2020  /  by Crypto.IQ
The USD is considered the most powerful currency in the world. Indeed, the USD is the world’s reserve currency, meaning that the USD is the most widely held currency by foreign Central Banks, to the tune of 61.74% of all foreign currency exchange reserves according to the International Monetary Fund (IMF). Compare this to the… Read more

Bitcoin (BTC) Mining Could Drive The Expansion Of Renewable Energy Production

December 16, 2019  /  by Crypto.IQ
A report from CoinShares Research finds that the Bitcoin (BTC) mining industry heavily uses renewable energy resources like hydropower, wind power, and solar power, and could actually drive the expansion of renewable energy production. Essentially, Bitcoin (BTC) mining farms are often a buyer of last resort for electricity produced by renewable energy sources, meaning they… Read more