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Is 1 Bitcoin Enough for You to Retire On? This Analyst Thinks Yes

Is Bitcoin The Best Retirement Investment Option? Many Now Believe So

More analysts than ever are encouraging young people to take advantage of the current market dip and begin investing in Bitcoin for retirement. Whereas this idea is nothing new, current forces in the legacy financial space are making it more appealing. At least one analyst asserts that a mere one Bitcoin will provide a vastly better long-term return than traditional savings.

Inflation Could Be A Game Changer
Over the course of the past forty years retirement plans in developed countries have gradually shifted from fixed benefit programs, such as standard pension plans, to defined contribution programs, such as 401ks. Whereas the wisdom of this transition is subject to debate, there is no question that millions now rely on some form of personal savings for most, if not all, of their retirement income.
For those with ample nest eggs, this arrangement has been fine. However, decades of low inflation and brief recessions have played a role in this success. Should the current global financial crisis result in a surge of inflation, retirees could find themselves in serious trouble.
For those still in the workforce, long term devaluation of fiats such as Dollars and Euros could be devastating. Years of prudent investment could disappear as the earning power of retirement savings evaporates. Analyst Davincij15 has pointed this out in a recent tweet:

Growing up I saw this and thought yeah but I don't know how much $150,000 will buy me at 65 so I don't know how much I will need.
Save up to just 1 #Bitcoin at 65 and you will have more than you need. pic.twitter.com/tTXILSnRdF
— Davincij15 (@Davincij15) April 11, 2020

Simply put, he acknowledges the wisdom of beginning to save while young, yet notes that all may be for naught if inflation becomes a problem. Not surprisingly, he advocates Bitcoin as a possible hedge.
 Bitcoin Moving Into Retirement Portfolios
Much has been said of Bitcoin as a potential safe haven during the current economic meltdown. However, the long-term consideration of this idea is far more notable. The fact that crypto ownership skews toward the young is well-known, and more than ever workers under 35 are choosing to add blockchain assets to their retirement portfolios.
Part of this trend is, of course, related to the belief that crypto will continue to vastly outperform traditional investments. However, these young investors may now be making this choice to protect their retirement from inflation or other economic downturns. In other words, crypto is likely to be added to hard assets like gold and treasury bonds as a component of a properly managed portfolio.
There is little doubt that Bitcoin and other cryptocurrencies are a permanent element of the global financial landscape. Now, more than ever, current events are giving legitimacy to this new asset class.
Do you think Bitcoin is the nest retirement investment option available to us? Share what you think in the comments below. 

Images via Aaron Burden from Unsplash, Twitter: @Davincij15
 
Source: Bitcoinist News

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Bitcoin Price Could Drop Below $3000: Silk Road Founder

Bitcoin Price Could Drop Below $3000: Silk Road Founder

Ross Ulbricht is predicting that Bitcoin’s price will move downward in the short term, drawing a parallel to a previous years-long cycle that led the flagship cryptocurrency through several waves of volatility. He notes, however, that the flagship cryptocurrency will eventually recover and achieve a vastly higher value.

Long-Term Bitcoin Market Cycle Is Driving The Value
Looking at market data stretching back to 2011, Ulbricht asserts that Bitcoin has moved through two key cycles. The first stretched from 2011 to the end of 2017, and had several different waves, ending when Bitcoin reached its all-time high of USD $20,000. Bitcoin is now in its second cycle, and presently mirrors 2014, when Bitcoin fell sharply and remained bearish for roughly two years.
He has posted this chart outlining his analysis:

The Silk Road founder claims that the flagship cryptocurrency may remain in a bearish trend until next year. Also, the price could go much lower, possibly falling below $3,000 before it recovers. Not surprisingly, he predicts tremendous angst among Bitcoin advocates during this phase, yet insists that it will be an excellent opportunity to buy, as was the case during earlier low points.
Ulbricht remains optimistic for the long-term future of Bitcoin, noting that once this cycle ends the rebound will all but certainly result in much higher prices. In referring to his forecast of lower prices, he states:
It will take fortitude to buy in such an environment, but the rewards as wave III takes prices to new highs will be well worth it.
Analysis Excludes Outside Market Factors
There is no shortage of technical analysis that seeks to predict Bitcoin’s next market move. Whereas Ulbricht’s contribution to this pool is noteworthy, it is also narrowly focused. The cryptocurrency market represents a new asset class that tends to defy many standard predictive formulas.
Most notably, unlike established commodities markets, substantial new investment moves into the crypto space on a daily basis. This growth is due to the fact that Bitcoin and other cryptocurrencies are still in their nascent stages. Once mass adoption begins to gain traction, the level of investment from both individuals and institutions will be enormous, and will no doubt shatter any current value estimates.
The upcoming block reward halving could be the catalyst that triggers the long-awaited investment boost that is sure to move into the crypto market. Even Ulbricht’s chart shows that the price began to move up after the last halving in 2016. If this pattern holds true, then the idea that Bitcoin could fall much lower is pure fantasy.
Do you think that Bitcoin’s price will drop below the $3000 mark? Let us know what you think in the comments below.

Images via Bitcoinist Media Library, Ross Ulbricht
Source: Bitcoinist News

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Are Bitcoin Miners Pumping BTC’s Hashrate to Profit from Halving?

Are Bitcoin Miners Pumping BTC's Hashrate to Profit from Halving?

There’s a notable increase in bitcoin’s mining hash rate, as miners now seek to acquire as many coins as possible before May’s block reward halving.

As Always, Economic Incentives Drive Mining
Not surprisingly, Bitcoin’s major price drop last month resulted in an equally notable drop in mining. Older, less-efficient rigs simply became too unprofitable to operate. Now that the price is moving back up, miners are putting these rigs back in action.
There is presently a substantial incentive to put older mining rigs to work. Temporary volatility notwithstanding, Bitcoin’s price is up about 40% since mid-March. However, the hash rate is only up by 12.5%. It is thus not surprising that miners are taking advantage of the opportunity for more profit.
This boost in hash rate has not gone unnoticed by analysts. It is a reflection of overall interest in Bitcoin investment and adoption. Analyst Plan B has tweeted:

#Bitcoin halving ETA: May 11Miners are really pumping up hashrateNext difficulty adjustment will be uphttps://t.co/zMdxlteR6Z pic.twitter.com/XeN5NcfwLP
— PlanB (@100trillionUSD) April 11, 2020

Also, over the past few days, Bitcoin Cash and Bitcoin SV have both had block reward halvings. Not surprisingly, both platforms have seen their hash rates plummet. Because Bitcoin can be mined with the same ASIC-based rigs, former BCH and BSV miners are now switching networks. In fact, miners have long swapped between these and other cryptocurrencies that use the SHA-256 algorithm to find the platform that offers the best profitability.
It is possible that many of these miners will return to mining altcoins after the Bitcoin halving.
Interest In Bitcoin Halving Growing
It is reasonable to assume that the hash rate will continue to accelerate as the halving approaches, as miners will want to load up on as many Bitcoins as possible before the block reward drops. No doubt many long-dormant rigs will be turned back on, even if presently unprofitable, as confidence in a major market recovery takes over.
In fact, excitement, around the halving continues to grow, as analysts offer a steady stream of opinions on how it will affect the market price. Searches for “Bitcoin Halving” on Google are steadily increasing, with a major boost expected over the next few weeks. Overall Bitcoin network activity continues to move up as well, leaving little doubt that investors are planning to buy now while the price is relatively low.
Mining activity is yet another metric indicating that the Bitcoin network remains strong, and is operating as designed. It will no doubt fluctuate over the next several weeks, yet will almost certainly increase in the long-term.
Do you think Bitcoin miners are artificially pumping the hash rate? Lets us know your thoughts in the comments below.

Images via Bitcoinist Media Library
Source: Bitcoinist News

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Bitcoin Active Supply Touches 3-Year High, But What Does it Imply?

Bitcoin Network Activity is Up, Are Folks Trading BTC More?

When Bitcoin’s price fell sharply four weeks ago network activity dropped as investors began to put their coins into storage. This trend is reversing as the daily transaction number is once again increasing, and coins are on the move.

Is Bitcoin Price Recovery Bringing Back Traders?
Glassnode has posted a chart of active Bitcoins that shows how the number moving across the network began to accelerate rapidly last August, only to level off last month. Now, this number is once again picking up.

Overall network activity is also once again increasing after a sharp drop in March, as seen in this chart from Blockchain.info:

The key takeaway from this information is that the flagship cryptocurrency is once again on the move. The changes in activity on the network may be relatively small, but they still demonstrate a shift away from hodling Bitcoins to using them. 
In all likelihood, these increases are due to an uptick in trading, which will no doubt take place as prices rise. Many investors see the market recovery as an opportunity to make a quick profit from what is clearly a growing demand for cryptocurrency. 
It is worth noting that the upcoming block halving is also providing a strong incentive to acquire Bitcoin now before the supply drops in mid-May. Also, fear of inflation and a continued global economic slowdown is driving many to put their assets into safe havens, for which Bitcoin and other cryptocurrencies are ideally suited. 
Data Demonstrates Network Strength
Whereas activity volume on the Bitcoin platform ebbs and flows from month to month, it is worth noting that the network continues to work as designed. Fees remain low, and confirmation times are relatively quick. 
The network will begin to show signs of congestion at around 400,000 transactions per day, which is substantially more than the present number. This last happened in 2017, resulting in slow transactions and high fees. The Lightning Network now exists to help prevent such problems from ever happening again, yet needs more work to make it reliable and user friendly enough for mass use.
It is reasonable to assume that the number of active Bitcoins will continue to increase along with overall crypto adoption. Activity across the blockchain space is accelerating, much of which is taking place in areas such as decentralized finance and supply chain tracking. Present data clearly indicates that interest in this new asset class continues to grow. 
Is Bitcoin trading activity up? Share your thoughts in the comments below. 

Images via Shutterstock, Glassnode, Blockchain.com
Source: Bitcoinist News

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Why Bitcoin Analysts See This Dip As Incredible Opportunity To Buy

Why Bitcoin Analysts See This Dip As Incredible Opportunity To Buy

Today’s Bitcoin price drop below USD $7k has taken some by surprise, yet it is causing little concern among analysts, In fact, the mood is optimistic, as most believe that the market will recover quickly, with the flagship crypto currency soon surging much higher.

BITCOIN PRICE MOVING UP DESPITE CORRECTION
Today’s market dip has not caused a notable shift in Bitcoin’s general upward movement since mid-March. In fact, a look at the chart from CoinMarketCap shows that drops of $200-400 have taken place several times in the past few weeks, only to rebound relatively quickly. Thus, if the pattern is to hold Bitcoin would need to hover around $6,900 for a day or two before coming back up.

There are some analysts that seem to think that prices may remain low for a few days, yet most seem to think that the price will not go much lower, if at all. For example, Pierre has tweeted:

Not excluding a simple bearish continuation from here after a few more hours of consolidation @ current level, giving time for H1/H4 to reset a bit more, and maybe even taking 6,800-6,850 lows before a real bounce.
I guess that's it, I hope it helps. Cheers mates, later.
6/6
— Pierre 🌐 (@pierre_crypt0) April 10, 2020

Although those that were hoping that the price would remain above $7k may be disappointed, the mood is that there is little concern for a major drop.
OUTSIDE FACTORS ALL POINT TO BIG GAINS
Analysts of all types remain very firm in their assertions that Bitcoin stands to gain significantly due to a range of upcoming events. For example, much discussed block reward halving will re-shape the market, making existing Bitcoins more valuable. It seems as if everyone agrees that this one simple change in the protocol will have a major market impact.
Also, fear continues to grow that the U.S. Federal Reserve will continue to devalue the Dollar in its attempt to alleviate the growing economic crisis. In fact, few now believe that the Fed will stop at just 2.3 trillion. Many point to the fact that this amount is a mere drop in the bucket when compared to other government liabilities such as the national debt and unfunded entitlements.
Meltem Demirors, Chief Strategy Officer at CoinShares, has tweeted:

wait until @Bitcoin discovers the additional $120T of unfunded and underfunded social security, Medicare, and Medicaid liabilities
🤯 https://t.co/XXgYosocPh
— Meltem Demirors (@Melt_Dem) April 8, 2020

The simple implication is that before long the government will be forced to print an exponentially greater amount of cash in order to pay for these programs. Such a move will cause much higher inflation, and all but certainly drive more Americans into crypto investment. Bitcoin would clearly benefit most.
Thus, there is a growing sense that Bitcoin presently sits at what could be a bargain-basement price. Should the current patterns continue,  now is clearly the time to invest.
Do you think this current dip is a good Bitcoin buying opportunity? Add your thoughts below!

Images via Shutterstock, Twitter @Melt_Dem @pierre_crypt0, BTC/USD chart by Tradingview
Source: Bitcoinist News

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Huobi Korea Delists Monero Over Nth Room Case, Bithumb May Follow

Huobi Korea Delists Monero Over Nth Room Case, Bithumb May Follow

Reports have emerged that participants in a Korean-based sexual exploitation ring used Monero for criminal acts. As a result, Bithumb is considering delisting the cryptocurrency. Huobi has already dropped it from its Korean exchange. 

EXCHANGES CITE PRIVACY CONCERNS OVER MONERO
The “Nth Room Case” is an unfolding criminal investigation unfolding in South Korea that allegedly involved sexual crimes broadcast in Telegram chat rooms. South Korean authorities have inferred that part of the operation involved Monero transactions.
 Yesterday Huobi Korea delisted Monero, citing “low trading volumes and anonymity functions.” It did not directly reference the Nth Room investigation in its announcement, and the Singapore-based exchange has not delisted the privacy-centric cryptocurrency on the rest of its platform.
South Korean newspaper Sisi Journal now reports that Bithumb is also considering delisting Monero. Specifically, the article states that Bithumb has a policy to drop cryptocurrencies that are used primarily for criminal acts, and that an internal committee is reviewing whether or not Monero now falls under this designation.
Bithumb is the only notable Korean exchange to still trade Monero. Upbit delisted it last year, also citing the concerns over the platform’s anonymity. Thus, such a move would be a significant blow to the cryptocurrency.
 DELISTINGS INTENSIFY DEBATE OVER ANONYMITY
Exchanges continue to make efforts to transition into legitimate financial brokers, and thus they are increasingly cooperating with regulators. It is thus not surprising that many are now less willing to list coins that enable anonymous transactions.
Although far from the only privacy coin, Monero is by-far the most popular. Anti-crypto activists frequently target it, asserting that it is used primarily for a range of criminal activity such as money laundering, drug purchases, and tax evasion. Not surprisingly, some exchanges are willing to delist it to improve their reputation with lawmakers and would-be customers.  
It is worth noting that the overwhelming majority of cryptocurrency transactions are legal, including those involving Monero. The allegations of crypto being centered around criminality have long been debunked. More importantly, delisting coins with privacy features will not stop their use. In fact, activity on the Monero network has increased over the past several months despite being dropped from several exchanges. 
Although a debate exists over whether or not privacy-centric coins are positive for cryptocurrency adoption, their proliferation continues. Anonymous use is now possible on many platform, including Bitcoin. Thus, it should be considered a permanent feature of crypto use, and considered by lawmakers when drafting policies on blockchain use.

Do you think Monero should be delisted by Bithumb and Huobi Korea? Add your thoughts below!

Images via Shutterstock
Source: Bitcoinist News

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Texas Regulators Clamp Down on Bitcoin ‘Ultra Mining’ Firm

Texas Regulators Clamp Down on Bitcoin 'Ultra Mining' Firm

The Texas State Securities Board has issued a cease and desist order against what it alleges is a fraudulent bitcoin mining company. The state regulator asserts that Ultra BTC Mining has been selling illegal investment schemes as well as claiming charitable donations that cannot be verified.

BITCOIN MINING COMPANY OFFERED UNREALISTIC RETURNS
According to the order, Ultra Mining has already raised USD $18 million by promising huge profits to naive investors. The state regulator states:
The company is promising eye-opening returns. According to the order, they are telling potential investors that a $10,000 investment in computing power will return nearly $10,500 per year. A $50,000 investment will return nearly $52,000 per year.
Additionally, the Securities Board asserts that the company and its agent, Laura Branch, are claiming to have donated $100,000 to UNICEF for COVID-19 relief, yet refuse to provide verification of the donation.
A key element to this investigation is the board’s assertion that Ultra Mining will not give details into the “material facts about its operation.” The company has apparently refused to disclose where the mining takes place, what relationships it has to mining pools, or what hardware it uses. In other words, the regulator believes the entire operation could be nothing more than a ponzi-style scam.
The Alabama State Securities Commission has joined Texas in bringing action against the company.
REGULATOR ASSERTS SECURITIES FRAUD
Noteworthy in the order is the statement that Ultra Mining is engaging in operations that violate relevant securities laws. Specifically, it states that the hash power being sold qualifies as a security due to it being an investment with potential return.
The issue over whether or not cryptocurrencies qualify as securities is complex, and has yet to be fully defined by financial regulators. The charge against Ultra Mining sidesteps this concern by addressing the hash power used in mining, yet this too raises questions.
Bitcoin mining is growing rapidly in Texas, owing to the Lone Star State’s cheap power and deregulated electricity market. By treating hash power as a security, the state’s financial regulators are opening the door to a range of new legal complexities that could interfere with these operations.
With state lawmakers eager to lure more mining operators, it can be assumed that the government will be quick to better define how both cryptocurrency and hash power investment should be legally defined. Nevertheless, doing so will not be easy, as cryptocurrencies represent a new asset class that do not easily fit into existing securities categories.
Do you think the Texas regulator’s latest cease and desist order is justified? Add your thoughts below!

Images via Shutterstock
Source: Bitcoinist News

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Bitcoin Price Next Stop $23,000 as Halving Approaches

bitcoin Market Adds $14 Billion in 24 hrs, Pre-Halving Rally Inbound?

More data is flowing in suggesting that May’s block reward halving will initiate notable gains in Bitcoin’s value. This latest analysis suggests that the flagship cryptocurrency will slowly move up for the rest of the year, and eventually eclipse its all-time high.

BITCOIN PRICE IS FOLLOWING A CLEAR PATTERN
Analyst Bitcoin Jack has posted a graph on Twitter that examines a range of indicators on the weekly closing prices, all of which point to an impending bull run. He has tweeted:

$BTC fair price analysis update
40% on our estimated time of price spent below the 0.5 of the entire consolidation range since 20K
In '13-'17 consolidation saw 41.57%
One way or another, the math suggests there has been enough discount below fair price to grind up rest of year pic.twitter.com/nEsHqplFBj
— //Bitcoin 𝕵ack 🐐 (@BTC_JackSparrow) April 8, 2020

This chart examines moving averages and fibonacci sequences of the present market and compares them to similar data from the 2013-2017 bull run. There is a clear parallel with much of the data. Thus, if the pattern continues, Bitcoin’s price will move up for at least the next twelve months.
It is worth noting that Bitcoin Jack is not predicting a rapid price spike, at least not by crypto market standards. Rather, he suggests that Bitcoin will move up steadily, as it did during the last bull run that lasted until early 2018. Nevertheless, the cryptocurrency could still see a new all-time high within a few months.
MANY OUTSIDE FACTORS WILL IMPACT PRICE MOVEMENT
Bitcoin’s block reward halving continues to dominate the discussion of potential price moves. It will reduce the number of new coins entering the market by 900 per day, which is all but certain to increase the value, should demand remain the same. There has thus been no shortage of other analytical data demonstrating how this move could change the very dynamics of Bitcoin adoption.
In a larger context, many other actions in the blockchain space are also likely to have a notable market impact. For example, after weeks of decline, Bitcoin’s network activity is once again moving up. This increase coincides with the price recovery, indicating that traders are becoming more active. It has also never been easier to invest, as Bitcoin ATMs and other fiat onramps are proliferating at an astonishing pace.
The overall increase in overall blockchain activity is another promising sign, as more than ever a variety of institutions explore adopting the technology. Given that real-world use will ultimately determine the value of all crypto assets, this factor is an excellent predictor of future value. In fact, in this larger context interest in Bitcoin and other cryptocurrencies has never been stronger.
Despite the market drop of the past few weeks, the overall blockchain space remains strong. Outside influences give a strong reason to be optimistic about future value.
Do you think Bitcoin will eclipse it’s previous all-time high after the halving? Add your thoughts below!

Images via Shutterstock, Twitter @BTC_JackSparrow
Source: Bitcoinist News

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Ripple Partnership Discussed By Bank of America Exec

bank of america ripple

In an interview discussing emerging digital payment technology a lead executive at Bank of America praised Ripple as a partner. She noted Ripple’s passage of the bank’s compliance processes, and praised its ability to deliver quality services.

RIPPLE PRAISED FOR ITS POTENTIAL TO INTEGRATE WITH BANK SERVICES
Julie Harris, head of global banking, digital strategy made the comments on a podcast published by Bank of America. The conversation centered around the emerging payment options available for businesses, and the increasing need for faster, more efficient methods. On this topic Harris stated:
…it’s not about our platform and our capabilities, it’s about you as a client and the infrastructure you have and the ability for us to integrate, whether that’s with platforms and capabilities that we built or partnerships that we have with the likes of Ripple or Swift. These are Fintechs that we’re partnering with. They’ve come through all of our rigor of legal and compliance and we’re able to leverage our banking as a platform to deliver that to you.
Harris did not give any further details on how the bank will be using Ripple. Given that she mentioned Swift in the same context, it is reasonable to assume that cross-border payments are part of the plan.
The full transcript of the podcast can be found here.
STATEMENT ADDS TO RIPPLENET RUMORS
There has long been speculation that Bank of America plans to begin using Ripple. Last October Ripple confirmed that it had been working with the bank since 2016, yet only acknowledged that this was part of a pilot project. Last year the banking giant hired at least one Ripple specialist, yet did not provide further details.
The key rumor is that Bank of America plans to begin using RippleNet. If true, such a move would have a massive impact on the platform. However, it is worth noting that there are other means by which the bank could embrace Ripple technology, thus such assumptions are premature.
Bank of America has not yet made any official announcements about its plans for Ripple. Thus, Harris’ statement is noteworthy.
There is no doubt, however, that the legacy banking industry is rapidly exploring the use of distributed ledger technology for a wide range of applications. Thus, blockchain assets are all but certain to become a mainstream element of global finance in the near future. In that context, Ripple is in a strong position moving forward.
What do you make of the recent BoA comments on Ripple? Add your thoughts below!

Images via Shutterstock
Source: Bitcoinist News

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Ethereum Surges 14% Today, Here’s 3 Reasons Why

ethereum crypto price taps $9k

Ethereum price has surged in value over the past week, posting its largest gains in the last twenty-four hours. Several notable factors have contributed to this rise, which could have strong effects on the platform moving forward.

DEFI IS REDEFINING THE PLATFORM
Over the past year, decentralized finance (DeFi) has emerged as a major element of the blockchain space. DeFi includes any project that uses smart contracts to lend, hedge, or swap assets. Whereas there are many blockchain platforms capable of performing these functions, Ethereum has established a dominant position in the sector..
Presently more than USD $745 million is locked up in DeFi, almost all of it on the Ethereum network. This is more than double the number from one year ago, and although it declined in March, it is once again growing. There is no doubt that investors are taking notice, and understand that this has a strong potential to move Ethereum into the mainstream financial markets.
Maker is by-far the most popular DeFi platform, which only adds to Ethereum’s strength. However, many more DeFi projects are emerging. Also, Chainlink is the most popular oracle network, which also operates on Ethereum and is becoming a crucial player in many DeFi projects.
ETHEREUM FUTURES HAVE SPIKED
As prices have recovered, so too have trading volumes. Most notably, Ethereum has seen a significant spike in futures trading over the past twenty-four hours. SkewAnalytics has just posted data on Twitter showing the close correlation between Ethereum’s present price gain and futures volume.

Futures volumes doubled vs average of last two weeks pic.twitter.com/Miy1tzb9Iu
— skew (@skewdotcom) April 7, 2020

OkEx is clearly leading the increase and was recently announced as the largest derivatives exchange by volume last month, indicating a strong interest for Ethereum trading in Asia.
It is worth noting that big jumps in futures volume generally leads to volatility, and a price correction could rapidly occur if too many investors bet long on Ethereum’s price.
SERENITY UPGRADE IS COMING UP
In July the #2 cryptocurrency is slated to undergo its largest upgrade to-date. Ethereum 2.0, named “Serenity,” will transition the platform into a proof-of-stake consensus architecture. It will also play a key role in Ethereum’s scaling solution, thus enabling vastly more transaction capability.
In February the development team held a Reddit AMA where they expressed great confidence in Serenity launching on time. Once active, Ethereum 2.0 is expected to radically transform the entire platform ecosystem and open the door to mass use on a global scale. It thus stands to reason that investors are taking advantage of the present price before what they expect will be a major jump in value.
What do you think is the reason for the latest Ethereum price surge? Add your thoughts below!

Images via Shutterstock, Twitter @skewdotcom @
Source: Bitcoinist News