Month: September 2018

Q4 2018 Altcoin Price Explosion to Double Market Cap

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Altcoin prices are on the rise and with Bitcoin Cash spearheading the recovery, there is a technical undervaluation in EOS, Litecoin, Stellar Lumens and Tron. Going forward, we retain a bullish recovery. As long as prices are trading above this week’s key Fibonacci retracement levels between 38.2 percent and 50 percent, this undervaluation shall be corrected in due course. Let’s have a look at these charts: EOS Price Analysis In the daily chart, EOS prices are edging higher. Even if it is bound within tight ranges, the fact that we…

US SEC Files Charges Against Bitcoin-Backed Securities Dealer

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The U.S. Securities and Exchange Commission (SEC) has filed charges against international securities dealer 1pool Ltd., which was offering Bitcoin-funded security-based swaps, according to an SEC announcement published September 27. Per the SEC, the case involves the Marshall Islands-based corporation 1pool Ltd., which provides cryptocurrency-related services and stands behind 1broker.com, and its Austria-based CEO Patrick Brunner. The complaint alleges that the parties violated federal securities laws in connection with security-based swaps funded with Bitcoin (BTC). The complaint was filed in the U.S. District Court for the District of Columbia and…

One of the First Bitcoin Miners is Quietly Cashing Out

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As of Thursday, Sept. 25, the bitcoin price has climbed about 3 percent, briefly crossing the $6,700 level and extending toward $6,750 at one point in the early evening. While this movement has made plenty of cryptocurrency  traders and investors happy in the short-term, a recent analysis of spending patterns relating to some of the earliest blocks of bitcoin has revealed that a very early miner has been taking advantage of the last several years’ long-term upward trajectory to slowly cash out tens of thousands of coins since Dec. 2016.…

Crypto Markets Continue Rise With Market Cap Reaching Over $220 Billion

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Thursday, September 27: crypto markets continue to rise as the crypto and blockchain industry is seeing some support from governmental and institutional entities. Following a sell-off that started on September 24, crypto markets are seeing the second day of a rebound, with daily trade volume now amounting to more than $16 billion. All but two top 20 cryptocurrencies by market capitalization have seen firm growth over the past 24 hours, following a slight price stagnation within the day and surging sharply within the past few hours. Market visualization from Coin360…

Gold-Based Monetary System to Bring Price Stability to Crypto, Preventing Value Decrease

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Gold-based monetary system Kinesis aims to bring price stability to the world of cryptocurrency and to prevent the decrease of its value. The company says it has already attracted interest from key players in the gold industry, which is estimated at $6.8 trillion only on London’s gold market (70 percent of the global trading volume). After the gold standard that once defined the value of currencies was abandoned in the 20th century, the monetary system became dependent on central banking policies. The Kinesis team decided to create its own “efficient,…

Former UBS Executives Raise $104m to Create Regulated Crypto Bank

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Former UBS executives raised $104 million to operate Seba, a strictly regulated crypto bank, with a banking license from Finma, the Swiss financial regulator. The infrastructure of the cryptocurrency exchange market is improving rapidly with Bakkt, Coinbase, and major US-based banks like Citigroup, Morgan Stanley, and Goldman Sachs that have recently released their plans to operate crypto custodian solutions. Market Decline is Not an Issue Seba CEO Guido Buehler, a former managing director of asset servicing at UBS, stated that the company has already initiated the process of filing a…

Edinburgh’s new research lab will study ways to protect against hacking using blockchain

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The Scottish capital has become home to Europe’s first blockchain research facility, thanks to a six-figure collaboration between Edinburgh Napier University and a Hong Kong-headquartered technology company. Launched last night, the Blockpass Identity Lab (BIL) at Edinburgh Napier’s Merchiston campus is part of a £600,000 partnership between the university and Blockpass IDN, a blockchain-based identity application provider. As part of an initial three-year partnership, the BIL will explore ways in which blockchain technology can protect personal data from online scammers and hackers. It will be the first blockchain-dedicated research lab…

Coinbase Introduces ‘Coinbase Bundle’ Designed to Simplify Crypto Trading

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Cryptocurrency exchange and wallet service Coinbase has rolled out a new update called “Coinbase Bundles,” which is designed to simplify cryptocurrency trading, according to an announcement published September 27. Coinbase Bundles is a basket of five cryptocurrencies supported on Coinbase and purchased in proportion to their market capitalization in U.S. dollars. The Bundle consists of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ethereum Classic (ETC); the smallest Bundle costs $25, £25, or €25. While Coinbase has not set up a maximum purchase size for a Bundle, the…

Bitmain IPO | Filed and Pending; So What’s Next for the Mining Company?

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Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO? Bitmain IPO Bitmain’s long-awaited IPO is still in its draft form and pending further listing hearings from the HKEX. The announcement of Bitmain’s public offering isn’t without controversy though. Bitmain has been weighing an $18 billion IPO, one of the largest in history. Bitmain is one of the world’s most valuable cryptocurrency companies. Back in July, the…

Why the Crypto Market Will Likely Rally by the End of 2018: Experts Discuss

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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Historically, over the past nine years, Bitcoin (BTC) has experienced four major corrections, all of which led Bitcoin to decline by more than 80 percent in value. The correction the crypto market experienced in 2018 resulted in a 69 percent drop in the price of Bitcoin, with some other cryptocurrencies like Binance Coin (BNB) and EOS recording smaller losses. In August 2010, August 2011,…