The Biggest Influencers of Bitcoin Price in 2016
Can the surge continue? A review of bitcoin’s 2016 performance indicates the cryptocurrency’s fundamentals are such that the party is far from over. With incoming U.S. President Donald Trump promising a fiscal spending binge that could push the $20 trillion U.S. debt even higher, the fundamentals that have served to more than double bitcoin’s price this year could deliver even greater gains in 2017. A combination of events, beginning with bitcoin’s popularity as a hedge against increasingly volatile markets, set the stage for a repeat performance in 2017, if not better. The cryptocurrency....
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The Advertising Standards Council of India (ASCI) has reportedly revealed that more than 400 crypto ads violated its guidelines so far this year. The majority of complaints the ad council received are directed at influencers. “Some influencers talk so confidently about crypto without fully understanding it.”
419 Ads in Violation — Most Complaints Concern Influencers
The Advertising Standards Council of India (ASCI) has reportedly revealed that it received 453 complaints relating to crypto ads between January and May.
The council added that out of....
Popular crypto influencers in China are facing a harsh reality as Beijing-based social media giant Weibo recently purged 80 of its most prominent crypto influencers. This move comes as China maintains its strict crackdown on cryptocurrency activities within its borders. Weibo’s action reflects the Chinese government’s ongoing stringent stance on digital currencies, raising concerns about […]
The Bitcoin price is seeing the biggest gains of any financial instrument right now. If there is one positive thing to take away from the US Presidential elections, it is the increased bitcoin price. No matter who won, the Bitcoin price was poised to go up as a result. Stock markets around the world have gone in the red already, despite showing signs of recovery. As Americans let themselves get Trumped, Bitcoin users are watching events unfold with a smile on their faces. Financial turmoil is daily news these days, and things only get worse over time. The 2016 US Presidential elections....
2016 has been an excellent year for Bitcoin in many respects. Scalability innovations like Segregated Witness have been introduced to the Bitcoin community, many successful Blockchain and Lightning Network tests have taken place and many new markets have turned to Bitcoin as a viable currency option. The price of Bitcoin has been a major positive in 2016 as well, with its value up by well over 75 percent. Now, Dec. 1, 2016, marks the highest Bitcoin price measured in over two and a half years. New Bitcoin high for 2016. According to BitcoinAverage, the price of Bitcoin passed the $760 mark....
With TikTok facing the prospect of removal from the United States, users should realize that traditional tech companies are far less reliable than the decentralized web. People are often skeptical about Web3, many of them influencers and digital content creators. Notably, many of those most reluctant to embrace Web3 are very successful on Web2. Since they’ve mastered monetization on popular Web2 platforms such as TikTok, Twitch and others, why bother learning the rules of a new game? The current regulatory debate around restricting TikTok in the U.S. provides a salient example of the risks....