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For more news latest update on Cryptocurrency,Free bitMEX Signals & bitMEX Scalping auto trading BOT visit below given Telegram channel Visit - https://t.me/freebitmexsignals Facebook’s Libra cryptocurrency has been dealt a major blow as partners eBay, Visa, Mastercard, and Stripe announced in quick succession Friday that they are withdrawing from the project. “Visa has decided not to join the Libra Association at this time. We will continue to evaluate and our ultimate decision will be determined by a number of factors, including the Association’s ability to fully satisfy all requisite regulatory expectations,” Visa said in a statement on Friday.
EBay, Mastercard and Stripe also said Friday that they are withdrawing from Libra, according to multiple reports. The Switzerland-based Libra said that it is still planning to forge ahead despite the serious setback. The organization had been planning to launch the cryptocurrency in 2020, though it’s unclear if Facebook is still on track to meet that goal. “We are focused on moving forward and continuing to build a strong association of some of the world’s leading enterprises, social impact organizations and other stakeholders to achieve a safe, transparent, and consumer-friendly implementation of a global payment system that breaks down financial barriers for billions of people,” a Libra spokesperson told CNBC.
Facebook has faced ample criticism since Libra was formally announced this year, with two Democratic senators recently urging Libra partners this week to drop out, saying they don’t have confidence that Facebook is up to the task of overseeing the project. President Donald Trump tweeted is skepticism of Libra in July, saying Facebook’s cryptocurrency will likely have little dependability.
For more news latest update on Cryptocurrency,Free bitMEX Signals & bitMEX Scalping auto trading BOT visit below given Telegram channel Visit - https://t.me/freebitmexsignals Binance (BNB), the eighth largest digital currency by market capitalization, is beginning to serve the immediate needs of people as much as legal tenders can do. A recent hint by a Twitter user, Caleb Tbb, infers that BNB can now be used for flight booking in Australia. More attention was attached to the update when Binance CEO Changpeng Zhao who was tagged in the update also commented on the development. Binance (BNB) and Blockchain Gaining Ground in Australia Caleb Tbb mentioned that he paid for his flight to Canberra with Binance Coin BNB. A noteworthy achievement for the digital token which got the response “Utility” from the CEO of the company. Caleb Tbb said he made the booking to attend a government-supported Blockchain Roadmap Meetup in Australia. This is yet another amazing development that shows that government of the country is supporting blockchain technology and the new industry is gradually overcoming its challenges against all odds. He said: “Booked my flight to Canberra with BNB on travelbybit.com to attend the National Blockchain Roadmap Meetup. It’s amazing to see the government supporting the development of blockchain technology in Australia” Caleb ended his statement by urging every blockchain lover to join hands in the building of blockchain technology as well in the adoption of the technology. CZ afterwards replied with the word “utility”. This obviously means that the use cases of BNB have set it apart from others.
CME Group's CEO, Terry Duffy is speaking on why government is still hesitant to adopt Bitcoin and his view towards stablecoins. Bitcoin is disrupting the world today, admitted or not. The largest cryptocurrency by market capitalization was the pioneer, which leads to the creation of all the cryptocurrencies that have changed the way people live today. The regulatory aka the government, however, decides to maintain their opposition stance towards Bitcoin. According to CME Group's CEO, Terry Duffy, the major thing that makes the government do it is, unlike fiat currency, Bitcoin has a finite supply. The supply cap doesn’t suit modern economic theories, on which governments are allowed to print money whenever they want it. Still according to him, the “lack of feature” makes it very unlikely for governments to ever use Bitcoin. Elaborating his point, “The governments can’t run unless they can run on a deficit.” Moreover, Duffy said, “I am trying to figure out why they would say, ‘Sounds good to me because I want to be responsible and run everything on [an] even-for-even basis. I can’t borrow against anything’,” as quoted by CCN. He added that Bitcoin will only be able to gain adoption on Wall Street is if it’s approved by the regulators, something that’s unlikely to happen as they keep on raising doubt about the cryptocurrency. He pointed out what the Securities and Exchange Committee (SEC) has done in the last couple of years, which is rejecting the multiple Bitcoin ETF applications. Duffy also highlighted the excessive fear of price manipulation, given the unregulated nature of Bitcoin market. Something that he said, “Once you get the use of it, the price will take care of itself. But the argument has gone only to the price of, say, bitcoin or any other cryptocurrency. No one is talking about, ‘How do I use this asset?'.” Read more: US SEC chairman Clayton still woried over possible Bitcoin ETF manipulation Closing his statement, he conveyed his opinion towards stablecoin, like the upcoming Facebook Coin by saying that they are a “better fit” for everyone, be it the regulators, governments, or other significant players in the financial industry. “Only currencies backed by stable fiat assets like the dollar or euro could allow these organizations to enjoy a cryptocurrency without inheriting its risks,” Duffy concluded.
After a short painful dip below $4000 Bitcoin is back above the clouds; but how long will it last this time, is $4400 in sight? or is this latest pump a kiss of death? For weeks it seems as though the bulls and bears of Bitcoin (BTC) have been hashing it out over the $4k battleground. Just a few days ago the bulls capitulated and BTC retreated down to a perceived resistance of $3950. After a full day of indecision, the bulls fought back, pushing once again back to 4k and above. But will this battle end soon? And who looks primed to win? Bulls or bears? Our first analysis comes from the trading group Crypto-TA-NL, who postulate that BTC is actually on track for a long term recovery: Another analyst appeared to agree, citing the recent break above 4k as a fairly bullish move, suggesting that if $3950 continues to hold as support for BTC we could see a prolonged move up. However, he caveats that a bearish scenario might mean that this break is a false rally, with the potential of a plunge down to $3600/$3400, firmly on the cards: Another analyst from the aforementioned crypto-TA trading group, suggests that after the previous BTC dip below 4k on the 21st of March, BTC failed to reach support levels which could be indicative of some further downside to come.
The first quarter of the year is almost over and with it, most publicly traded companies are allowing their investors to peek into their numbers. Similarly, it is a great moment to pause and look back at how the main success cases in cryptocurrencies been performing over the last 3 months, with Bitcoin as a reference benchmark to measure their growth. So, these are the 37 altcoins that have outperformed Bitcoin in 2019 Market cap over $100 million Below this capitalization range, there are plenty of cryptocurrencies which have performed better than Bitcoin over the last 90 days. However, for the sake of focusing on more established projects, the $100 million range will act as a starting cutting point. In this group, there are 36 cryptos which have performed better than Bitcoin in 2019, which at writing time sits at around $4,070, up about 6% from its early January levels around $3,840. Outperforming Bitcoin by 6 to 10% The first crypto by market cap has been performing much like a group of tokens composed by Nano, Bytecoin, OmiseGO, Decred or Lisk, all of which have increased their market caps in between 6 and 10%. Some projects benefited from recent positive news, for example, Nano´s set of tipping features that gives coverage to different social media platforms such as Reddit, Twitter, Discord or Twitch. Read more: Nano launches exhaustive social media tipping features However, in some other cases in this group, their satisfactory performance is harder to explain. That is what happens with Bytecoin, which despite being delisted from Binance and OKEx consecutively at the end of last year, has managed to keep up very well with Bitcoin´s pace. Outperforming Bitcoin by 10 to 20% In the next group of coins, there are projects which have outperformed Bitcoin from more than 10% and less than 20%. Aeternity, NEO, TRON, Monero, Dash and Qtum are the components of this pack. Perhaps the most talked about coin in the last months from those mentioned above has been TRON. The project led by the perennial announcement man Justin Sun has had a clear protagonist in 2019 thanks to its association with the BitTorrent token (BTT), the first project to be offered via the Binance Launchpad. Another of TRON´s main advances during 2019 has taken place in the field of decentralized applications. Here, the hegemony previously held by Ethereum is being clearly disputed by other projects. Read more: Tron is first in terms of both total dApp users and active dApp users NEO is the other highlighted member of this group. So far, in 2019 it has excelled in attracting new developers and dapps. The hype surrounding the NEO 3.0 update, which will provide great scalability improvements, might also be behind its good price behavior. Read more: What's going on with NEO in 2019? Outperforming Bitcoin by 20 to 60% Things start to speed up as we get closer to the top of the classification of tokens which have outperformed Bitcoin in 2019. There are 12 coins with a current market cap over $100 million that have fared better than Bitcoin by a 20 to 60%, namely Chainlink, Maker, Basic Attention Token, Pundi X, EOS, ICON, VeChain, Bytom, Komodo, Tezos, BitShares, Cardano, and DigiByte. And in this group, there is one clear king, at least when it comes to being well known. EOS, which has outperformed Bitcoin by more than 40% so far, has benefited from similar factors to those playing in favor of TRON. The broken hegemony of Ethereum in the dapps sector has opened up new opportunities which are being grabbed as they pop.
Ethereum is very well known throughout the cryptocurrency sphere, currently in the number 2 spot on Coinmarketcap and one of the most recognized projects after Bitcoin. However, Ethereum has also seen some pretty hard times lately. Does Ethereum still have a future and what does that future look like?
Though the same is true across the market, the price of Ether has dropped massively since the highs seen just over a year ago. Combined with disputes inside the community and tough competition, many are predicting that Ethereum is falling from grace. However, in this period the Constantinople hard fork should be released and with it major upgrades to the network. If the fork goes well and the project continues to see new developments, can Ethereum prove the doubters wrong and stay on top? Or is the project, in fact, already doomed? Let's dig in.
Among those who feel Ethereum's best days are already over, there are a handful of issues that continually pop up again and again. We'll take a look at the biggest and most common complaints to see if they hold any merit.
Lack of support and stiff competition.
One of the biggest claims thrown at Ethereum time and again is that other similar platforms, such as Tron and EOS, have larger numbers of users and faster transactions. Recently Tron founder Justin Sun himself took to Twitter to revel in the fact his platform was in the lead in terms of most dApp users.
It has also been often touted by Sun as well as other project heads that many of Ethereum's competitors have massively greater numbers of transactions per second, sometimes in the thousands. Currently Ethereum can only handle 20-30 tx/s on average. While this sounds damning, Vitalik Buterin has come out to defend his project by saying that these other platforms mainly achieve this through centralization, and Ethereum is dedicated to being decentralized.
Another claim is that Ethereum dApps simply aren't being used that much. Recent reports have shown that while EOS enjoys 50% of its dApps being used daily, Ethereum can only claim that 10% of it's dApps are used every day. That being said, almost 90% of EOS dApps have less than 1,000 users, making this claim a bit weak as far as proving relevance.
For more news latest update on Cryptocurrencies & Bitmex Crypto Trading signals & Bitmex auto Trading Bot join below given Telegram channel Visit - https://t.me/freebitmexsignals Imagine that you have $100,000 at your disposal. You must spend all of it on either bitcoin or gold – no mixing and matching – and the assets will then be stored in a trust that cannot be accessed again for 50 years. Which option would you choose? With the two commodities now in roughly the same price range, it’s worth putting aside some of bitcoin’s short-term volatility and liquidity concerns to compare them as long-term stores of value side by side. Sure, you might argue bitcoin is newer and flashier, and that it has arguably more utility in the digital era than gold. But, gold has the indisputable track record, having been a cherished store of value for thousands of years across human civilizations. However, bitcoin’s traits have led to those backing the cryptocurrency to believe it could potentially unseat gold over the long haul. Spencer Bogart, an analyst with Blockchain Capital and formerly of Needham & Company, told CoinDesk: “If we think about the qualities that make gold a respected ‘money’ or store of value, bitcoin is actually superior in many regards.” Inflation vs deflation Another key advantage bitcoin has over gold is that its supply level is fixed and transparent – eliminating fears of the typical inflationary pressures associated with overproduction that could diminish the value of the asset. “A well-known characteristic about bitcoin is that it’s on a disinflationary supply schedule. While many people think of gold as being the same, gold is actually a sneakily inflationary asset,” said Chris Burniske, blockchain products lead with ARK Investment Management. Burniske added that the global supply of gold has clandestinely increased by 1–2% annually over the last century. He continued: “If you were to ask people what gold’s supply schedule looks like over time, they probably wouldn’t draw you something that looks like an exponential curve. With gold being sneakily inflationary, it’s not set up to preserve value in the way that bitcoin is.” Such characteristics, in theory, serve to increase bitcoin’s future utility as a means of account, exchange and storing value. They also suggest that bitcoin’s value, usefulness and importance to society will only continue to grow as commerce becomes more digitized. “As more infrastructure is built around [bitcoin], we think that demand will rise relative to its mathematically metered supply, increasing its price support,” Burniske wrote in a recent white paper. Slow and steady The clear advantages that gold has over bitcoin are trust and reliability, according to those surveyed for this article. However, a change in consumer preferences, new technological disruption or a crackdown by a government could easily kick bitcoin to the end of the bench. “Gold has something very important that bitcoin lacks: a more than 1,000-year history of being a decent store of value. This is very important for trust and people’s willingness to store value in that particular asset,” said Bogart. Gold has also proven itself to be of value even when governments attempt to restrict its usage or outlaw it completely. This happened in 1933, when President Franklin D Roosevelt implemented measures to prohibit and criminalize its possession in the US. “For more than 5,000 years gold and silver have been tried-and-true money. They’ve lasted basically the duration of organized civilization,” said Dave Kranzler of Investment Research Dynamics. In this light, Kranzler was keen to highlight bitcoin’s ‘counterparty risk’. Gold’s advantage over bitcoin is that it’s not dependent on the operation of the internet, thus affording it a degree of protection from heavy-handed regimes, he said. “There’s nothing to stop any government from shutting down the internet in their country under the guise of national security purposes or what not,” he said, adding: “We’ve seen democracies come and go, but totalitarianism always seems to creep back in. And when that happens, the government controls everything.” Elemental value Gold has also proven itself immune to technological disruption. According to Burniske, while bitcoin has generated significant cultural cachet, it remains at the bleeding edge and could still be dethroned relatively easily. “That position is not necessarily going to remain the case if bitcoin is not able to attract new users and provide a happy medium in terms of user experience,” he said. Yet, as asset classes like Dutch tulips, Japanese real estate, dot-com companies and the US housing market have boomed and busted, gold has consistently plodded ahead, withstanding the test of time. “I don’t think anyone can say with any certainty that any man-made system is going to be valuable 50 years from now,” said Josh Crumb, co-founder of GoldMoney and a former commodities strategist at Goldman Sachs. He continued: “People forget that gold is not a pet rock or a speculative asset, it’s an element. Gold is a very low-risk store of value. Fifty years from now it’s going to still be valuable.” While investors like Cameron and Tyler Winklevoss have suggested that technological developments as far fetched as asteroid mining could eventually put upward pressure on the total supply of gold (and reduce its scarcity), Crumb reckons that technological creative destruction poses a much greater threat to bitcoin. “People have been trying to crack gold for 600 years. I think it’s much more likely that we’re going to have quantum computing that can change cryptography than asteroid mining that’s going to bring back loads of gold,” he said. Complementary or substitutionary? Perhaps asking whether bitcoin will ever unseat gold as the universal store of value isn’t quite appropriate, as it’s plausible that the two can, and will, co-exist as complementary assets. “I like bitcoin, particularly in the short-term, so it’s kind of like saying ‘Do you like gold or do you like investing in Facebook in 2011?'” said Crumb. “To me, it’s two totally different things.” As is standard practice across other realms of investing, the correct answer to the bitcoin versus gold question will ultimately be determined by the risk profile of each particular investor. “In terms of proper portfolio construction, you want to diversify. You want to have different types of assets that don’t necessarily move together,” said Burniske, concluding: “There’s always room for collaboration. It’s sensational to pit [bitcoin versus gold] as a fight to the death.”
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Visit - https://t.me/freebitmexsignals Crypto markets are rising, and Bitcoin (BTC), which constitutes more than half the market’s value, is among the big winners. Most BTC trades have been against fiat currencies and the stablecoin, Tether (USDT), suggesting that some investors are beginning to move value out of safe havens and into riskier digital assets. This could be a sign that confidence is returning to the market. The original cryptocurrency has been on a gradual incline since yesterday. Bitcoin traded at the $3,600 level on Sunday afternoon (GMT) and opened on Monday slightly higher at $3,660. This trend began to accelerate just after midday: Bitcoin began the afternoon at $3,742 and within the space of two hours, had climbed up by nearly $100 to $3,833. Bitcoin had reached $3,840, giving it a market cap of $67.48bn, by the time of writing. A significant amount of activity has taken place between BTC and Tether. Data collected by CryptoCompare highlight that the largest BTC markets are those with pairs to Tether. By press time, these were worth a total of $1.08bn. BTC trades against the actual US dollar have also seen significant increases. More than $105M has gone through Bitfinex’s servers alone since yesterday afternoon, and more than $46M moved through Coinbase in the same timeframe. Is this a long term trend? Momentum is picking up and if it continues, Bitcoin could break past the $4,000 barrier today. That’s a high bar to jump, one which will likely push BTC even higher. But the key takeaway from today’s price movement is that investors are buying Bitcoin, not with other cryptocurrencies, but with fiat currencies and stablecoins. That shows there is at least some market consensus that value would be better served in BTC than elsewhere. Some of the gain could be a cynical ploy to exploit the higher prices and then re-convert when BTC starts to stagnate or drops. There hasn’t been a clear reason for the price rise, which suggests trading activity could merely be based on short-term speculation. In that case, market price could be detached from value, and therefore unsustainable in the long-term. Despite recent price movements, a golden cross is still nowhere to be seen. But other technical indicators show that confidence may be slowly returning. The MACD, which places more weight on recent price trends than older ones, has moved into the green for the first time since January 6th.
Market sentiment is hard to quantify, much less accurately project out on a graph. But the fact remains that investors are putting money into Bitcoin. With large volumes coming from fiat currencies and stablecoins, this could highlight that investors are becoming confident again.
For more latest news update on Cryptocurrency Bitcoin,Bitmex auto trading Bot & Free Bitmex signals on telegram join below given Telegram channel Visit - https://t.me/freebitmexsignals Who doesn't know entrepreneur and businessman Bill Gates? The man who co-founded Microsoft in the mid-seventies, one of the world's largest software businesses, while surely becoming one of the richest and most influential men in the world. The man who founded the 'Bill and Melinda Gates Foundation', in an ongoing philanthropic endeavor to eradicate poverty on a global scale. We all know Bill Gates, but what does he have to say about Bitcoin? Philanthropic billionaire Bill Gates has expressed a variety of opinions on the world's most popular cryptocurrency throughout the years. At times it is difficult to determine whether the self-made billionaire loves or hates Bitcoin. Whatever his sentiments towards Bitcoin currently are, one thing is for sure: Gates loves to 'flip-flop' on Bitcoin. Praising Bitcoin in 2014 Cautiously praising Bitcoin years ago in 2014, when the price of one Bitcoin traded around $350, Gates said that 'Bitcoin is exciting because it shows how cheap it can be'. The Microsoft co-founder added that 'Bitcoin is better than currency', and that fiat currency can be 'inconvenient', especially when it comes to 'large transactions'. Gates reined in his enthusiasm for Bitcoin However, by 2015 Gates had reined in his 'Bitcoin enthusiasm'. When he was asked if he was excited about the potential of Bitcoin he explained that he does believe that Bitcoin has the potential to do 'a lot to make moving money between countries easier and getting fees down pretty dramatically.' 'But Bitcoin won’t be the dominant system', he said. 'We need things that draw on the revolution of Bitcoin, but Bitcoin alone is not good enough.' Read more: What happens to Bitcoin if the stock market crashes? Gates blames cryptocurrencies for drug-related deaths Three years later, at the beginning of 2018, Gates went totally dark on Bitcoin by focussing on its downsides. 'The main feature of cryptocurrencies is their anonymity. I don’t think this is a good thing', he said in a Reddit AMA post. 'The government’s ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way.' Gates did have to admit that anonymous cash can be used for the exact same kind of criminal activities. 'Nevertheless', he said. 'A person has to be physically present to transfer cash, which makes things like kidnapping payments much more complicated.' Even though Gates changed his tune considerably on Bitcoin, he did remain very positive about the underlying blockchain technology. 'There's some really good technology in terms of sharing databases and verifying transactions that is talked about as blockchain, that is a good thing.' Read more: 9 Bitcoin price predictions for 2020 by crypto experts 'I would short Bitcoin if I could' Later that same year, Bill Gates had a sit down with Berkshire Hathaway CEO Warren Buffett and Vice Chairman Charlie Munger on CNBC's 'Squawk Box'. The Windows creator explained that he actually never owned any cryptocurrency, but did say that he held some BTC briefly after it was given to him as a gift. 'Somebody gave me some for my birthday', he said. 'A few years later, I thought, Hey I'm going to sell that.' His buddy billionaires, who previously called Bitcoin 'rat poison squared' and trading Bitcoin 'something like dementia', seemed to enjoy this little anecdote. Perhaps a little too much. In line with his ever-changing views on Bitcoin, Gates added that one reason for him to have a negative forecast for cryptocurrency is because he sees the digital tokens as lacking intrinsic value. 'As an asset class, you're not producing anything and so you shouldn't expect it to go up', Gates said. 'It's kind of a pure 'greater fool theory' type of investment.' Gates also went on to say that Bitcoin is 'one of the crazier speculative things', and that if he could, he would 'short it if there was an easy way to do it.' A comment that caught the attention of crypto billionaire Tyler Winklevoss, who took to Twitter and challenged the Microsoft co-founder, explaining to him that there is indeed an easy way to short Bitcoin and to put his money where his mouth is. A challenge Bill Gates never responded to. He is slowly warming up to Bitcoin Bitcoin enthusiasts will point out that Gates has been spreading out gloom and doom predictions for quite some years now, however, in a video posted at the end of 2018, Gates appears to be warming up (again) to Bitcoin and cryptocurrencies in general. He apparently is realizing the massive opportunity which Bitcoin presents in helping those in poverty without access to traditional financial institutions. If we were building a financial system from scratch today, we would do it on a digital platform. Digital could lower the cost of a range of transactions by as much as 90%, providing nearly universal access to innovative financial products and services', Gates said. Gates points to the astonishing fact that over 2.5 billion people don't have access to traditional financial services and relates to how cryptocurrency can help the world’s most impoverished. 'Poor people do have assets: their intellect, their labor, their savings', he said. 'Their problem is that they don’t have financial tools to capitalize on these resources. They are trapped in inefficient cash economies that rob them of opportunities to insure themselves against risk, invest in their productivity, and ultimately help lift them out of poverty.' 'Transforming the underlying economics of financial services through digital currency will help those who live in poverty directly.'
For more latest news update on Cryptocurrency Bitcoin,Bitmex auto trading Bot & Free Bitmex signals on telegram join below given Telegram channel Visit - https://t.me/freebitmexsignals Wei Zhou, Binance CFO since September 2018, was interviewed via phone by the U.S.A business news channel CNBC. Although the trading volume of Binance is definitely down when compared to the peaks in late 2017, they still exceed all other exchanges. Interestingly, when Zhou was asked if Binance is considering a stock listing, he said there were no plans, at least in the short term. With regards to possible mergers and acquisitions of other firms, the answer went in the line of CZ’s best-known phrase, be careful what you wish for: “we are always on the lookout for high quality products”. Chepicap has reported recently that Binance earnings for 2018 were around $450 million, despite CZ’s past prediction from the summer targeting profits between $500 million and $1 billion. However, all things considered, the latest bear run during the end of the year plunged prices lower than what CZ might have thought at first. Zhou ended the interview with an optimist valuation of Binance’s performance: “to date, even in this bear market, we still run a profitable business”. Read more: CZ Binance interview: "something fishy" is going on with QuadrigaCX; Spend Card implements BNB: buy, sell and spend BNB using credit card
For more latest news update on Cryptocurrency Bitcoin,Bitmex auto trading Bot & Free Bitmex signals on telegram join below given Telegram channel Visit - https://t.me/freebitmexsignals XRP: the third largest cryptocurrency in the world (or is that second now?) with a market cap of over $12 billion, and one of the most loyal communities in crypto acting as around the clock marketing team; So why isn't XRP on Coinbase yet? Throughout 2018, despite months upon months of campaigning, pleading and in some most cases whining to get a listing, Coinbase remained ambivalent towards XRP and its ‘army’. Intermittent within the aforementioned campaigning, pleading, and whining, were rumors that Coinbase had decided to list XRP; rumors that tremendous an impact on price, especially in March when XRP rose to $1.08. Of course, speculation was ultimately proven false. It's certainly not for lack of trying, Ripple even tried to bribe their way in, back in April last year when the firm attempted to bribe Coinbase by offering to lend the exchange $100 million worth of XRP to start letting users trade the asset. All to no avail… Until suddenly. News flash. Coinbase releases a list of 30 cryptocurrencies that they're “exploring”. A multitude of prayers had been answered, XRP made the list… “Being explored? That’s not good enough!” the XRP army exclaimed “… I know! Let’s incessantly tweet to Coinbase until they add XRP!” The firm is accused of controlling a dominating share of XRP, essentially classifying the asset as a security. Due to this accusation, some of the claimant’s assert that they were misled by the investment structure they bought into. In their eyes, XRP is a security - similar to a share in the company - and therefore Ripple violated securities law, by not keeping investors clued up about pertinent decisions as per the Securities Exchange Act of 1934. Is XRP a security? The SEC currently use the Howey test to decide whether or not a digital asset should be classed as a security. Designed by the Supreme Court in 1946 the test filters out four deciding factors including; an investment of money in a common enterprise, an expectation of profits from said investment and if any profits come from the efforts of a third party promoter. The initial lawsuit filing argues that XRP fulfills all these criteria and is therefore classified as a security: “The XRP offered and sold by the defendants had all the traditional hallmarks of a security, yet defendants failed to register them as such… XRP purchasers reasonably expected to derive profits from their ownership of XRP, and [Ripple] themselves have frequently highlighted this profit motive.” So, if found to be a security by the federal court, claimants would be in for a windfall, and Ripple would be in for a … fall. Not everyone believes XRP is a security, this apparently includes CZ, CEO of Binance:
For more live news latest update on Cryptocurrency & best quality free crypto trading signal on Telegram join below give channel Visit- https://t.me/freebitmexsignals Latest Bitcoin News It is the opinion of Hester Peirce, a SEC commissioner, that is sparking debate convincing many that an elusive crypto bull run is on the offing after an extended dump down that saw prices of mainstream digital assets like BTC register double digit losses throughout 2018.
From her remarks at the University of Missouri School of Law during the Protecting the Public While Fostering Innovation and Entrepreneurship: First Principles for Optimal Regulation, it appears as if her stand on some types of tokens is clear. From what we can glean, Hester is of the opinion that tokens off functional platforms are utility tokens and shouldn’t be classified as securities and placed under the SEC radar. She also appears to be pushing hard towards the final approval of a Bitcoin ETF which as we know will lead to an influx of institutional money and regulation from the commission. “Once “a network becomes truly decentralized, the ability to identify an issuer or promoter to make the requisite disclosure becomes less meaningful” and offers and sales of tokens are no longer subject to the securities laws.” She goes on adding: “The SEC’s attitude toward innovation is important because we regulate an industry that is a key gatekeeper for progress and productivity in the rest of the economy. The agency’s opportunity to rethink its approach to innovation also arises out of a decade of technological development related to blockchain and cryptocurrencies.” Also Read: Bakkt Is ICE’s Bitcoin (BTC) ‘Moonshot’ Bet, And That’s Ok Trend and Candlestick Formation: Bullish, Double bar Bullish Reversal Pattern From the chart, BTC is technically bearish trading within a bear breakout pattern set in motion by mid-Nov hash rate war triggered meltdown. Regardless, there is a resurgence but BTC bulls must first clear the $3,800 mark while simultaneously confirming bulls of week ending Dec 23 high. Break and close above Dec highs at $4,500 would catalyze bulls and in another bull breakout pattern lead to the second stage of a classic breakout pattern—the retest—whose targets will be $5,800–$6,000 breakout levels. Volumes: Bearish, Low As mentioned above, BTC is trading within a bearish breakout pattern and marking these sellers are climactic volumes of week ending Nov 25. Volumes are huge—434k versus 138k. Week ending Dec 23 bull bar volumes stand at 273k versus 197k and as we can see, subsequent bars are oscillating within week ending Dec 23 high low with low volumes. For our bullish stance to be valid, there must be a wide range breakout bar driving prices above $3,800 and $4,500 complete with high volumes—exceeding 145k averages and 273k of late Dec bull bar.
Her positive comments are a few days after Robert J Jackson Jnr, another SEC official said the commission will eventually approve Bitcoin ETF whom Jay Clayton is wary that the unregulated nature and lack of proper monitoring tools needed to abet and completely stamp out manipulation is lacking. BTC/USD Price Analysis Bitcoin The market is vibrant and after Feb 8 surges when BTC added 8.4 percent by close, there is an across the board renewal. All the same—and as expected after such rallies, BTC prices are contracting gifting savvy traders another opportunity to load on pull backs. Moving on, we shall retain a bullish outlook. However, it is after prices surge past important resistance levels—at $3,800 and later $4,500, is when both set of buyers can buy on dips with targets first at $4,500 and later $5,800–$6,000 resistance levels.
More Latest news update on Cryptocurrencies & BitMEX auto trading bot cum Free BitMEX Trading signal join below given Telegram Channel www.t.me/freebitmexsignals Bitcoin faced a very tough year in the form of 2018. No one has ever expected in his/her dream that the value of bitcoin, which was above $19000 in December 2017 will go steep down to $3500 by December 2018. This decline led to many traders to question the future of bitcoin. However, there are some analysts which believe that the future of bitcoin is secured. According to them, bitcoin is about to boom. In this article, we will discuss how it is the best time to buy BTC. Also, we will be looking at the factors which depict that bitcoin is about to boom:
1. Bitcoin ETF approval: Bitcoin ETF i.e. Exchange-Traded Fund is supposed to get the approval from the securities regulator of the United States. As per one of the commissioners of Securities and Exchange Commission (SEC), even though most of the ETF applications were rejected last year, this year it will be likely to be approved. It got revealed after a leaked interview on Twitter on 5 February 2019. For those who are not aware of ETF, it is basically a fund which is traded on a stock market. The main benefit of a bitcoin ETF would that after the approval, the investing process in the crypto space would become more facilitated and attractive for the investors. If the ETF bitcoin is approved, it would surely boom the bitcoin and crypto space.
2. Entry of institutional money in the crypto space: There were rumors in the last months of 2018 that the mega institutional money could enter in the crypto space. However, due to some breakdown of the market, it doesn’t occur. Now in this year, the analysts are confident that finally, the institutional money will enter the crypto space. And the entry is very soon. The reason is the availability of updates and secure platform for the cryptocurrencies. Also, with the evolution of Lightning Network in BTC, it will increase the no of transaction per seconds and would remove the problem of scalability. Hence, the investors of institutional money are in eager to enter in this space. And if this occurs, it would act as the catalyst, the crypto world was looking for, especially, Bitcoin.
3. The launch of Bakkt: Bakkt was about to be launched in the month of January 2019 itself. However, it needed some final approvals from the finance committee of the United States. And unfortunately, before it could get those approvals, the Trump Government Shutdown Crisis started on 22 December 2018 and lasted for 35 days. Now, once the shutdown closed on 25 January, it is expected that Bakkt would get the required approvals from the United States Financial Commission soon. On 7th February, a party that claims to represent Bakkt sent emails to thousands of people claiming that the launch date is set on March 12. If that proves to be correct, it could raise the price of bitcoin once again. Bakkt is an exchange platform which is going to be launched by ICE (ICE (Intercontinental Exchange). ICE is the same organization which is responsible for the smooth working of the famous NYSE (New York Stock Exchange). Also, the Microsoft cloud is working along with this project to sort out the storage problems.
4. Big companies entering crypto space: The capability of crypto space and the success of this market in 2017 is not hidden from anyone. Many large companies are still interested in investing and contributing to this market and entering day by day in this space. The interset and entrance of huge companies in crypto space would surely uphill the market, especially bitcoin. Some of the big companies that are entering in the crypto space are Microsoft (by providing Azure cloud to Bakkt), Twitter( the CEO of the company itself admitted that he have some bitcoins and called cryptocurrency as the market of future), Facebook (it recently acquired a London based crypt company known as ChainSpace). Apart from the above tech-giants, Google also announced to launch a tool to search the top cryptocurrencies in the crypto space. Other companies that are entering in this market are Telegram, Baidu etc. The entrance of these big companies into the crypto market shows the positive sign of rising of bitcoin.
5. Biggest bear market till now: The crypto space faced the huge declination in its history in recent days. As stated earlier, no one has ever expected in his/her dream that the value of bitcoin, which was above $19000 in December 2017 will go steep down to $3500 by December 2018. So, this implies that it has hit the biggest bear market until now. And if it is so, that it is the best time to buy the bitcoins. The hitting of the bear market is common in any financial market. It just needs some time when the bull market will return and again the crypto world will rock as it used to be 1 year ago. The bear market is the phase when the value of the stock fell miserably and undoubtedly, in the history of crypto space, it is the biggest bear market dropping around 82% in one year! The bear market can end within a month or within a year or it may take some years too but once it would end, the bitcoin will rule the finance market.
The above factors indicate that bitcoin is about to boom and it is the best time to buy bitcoin at $3560 only. Who knows that by investing around $10500 today, you would get $60000 within a year!
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Senior analyst at JPMorgan said in December 2018 that institutional investors may not enter crypto space due to extreme volatility in digital asset prices. He now thinks markets are stabilizing and that institutions could start taking interest in cryptos. Nikolaos Panigirtzoglou, senior analyst at JPMorgan has said that companies will again start taking interest in cryptocurrencies - if the market continues to remain stable. Panigirtzoglou, a former economist at the Bank of England, had claimed in a report published in December 2018 that financial institutions were not looking to invest substantially in cryptoassets due to their volatile nature. However, the digital asset market is stabilizing which could “set the stage for more participation by institutional investors”, Panigirtzoglou recently argued. His comments came during an interview featured on CNBC’s “Futures Now” in which he noted that: The cryptocurrency market was a new market. It went through a bubble phase [and] the burst. Could Take Several Years Before Cryptos Reach Mainstream Panigirtzoglou believes the digital asset industry is gradually maturing and that more firms will start re-entering the nascent ecosystem as crypto and blockchain-related technology continues to improve. However, the London School of Economics and Political Science (LSE) graduate stated that it could take several years before cryptocurrencies reach mass adoption. According to Panigirtzoglou, the crypto ecosystem needs a proper regulatory framework so that investors begin to feel confident about making investments in cryptoassets. He remarked: The big obstacle is regulators right now … [and regulatory guidelines have been a] bit slow to realize. On February 1st, 2019, Michael Novogratz, a former partner at Goldman Sachs and the CEO of Galaxy Digital Holdings Ltd, a New York-based firm focused on the digital assets industry (ticker: GLXY), had said that he was “confident” that cryptocurrency prices would recover. Expressing views similar to those shared by Panigirtzoglou, Novogratz had advised his followers via Twitter to “stay the course.” Institutions Are Slow "To Move" Novogratz also thinks digital asset prices won’t recover anytime soon. The former hedge fund manager has predicted that it could take several months before we potentially begin to enter the next bull market. Having worked with Wall Street firms for many years, Novogratz explained that institutions take time “to move”, however he was confident that more big players would enter the crypto space. Although it is difficult to accurately predict if and when the crypto market will rally again, Novogratz claims there’s plenty of development of work going on “under the hood.” Meanwhile, an anonymous trader, who reportedly earned over $200 million from trading ether (ETH), stated in a recent interview that he thinks “big players will [eventually] enter” the crypto market. The experienced trader and early bitcoin adopter noted that the “next bitcoin block reward halving will serve as an additional trigger for growth.”
