Day: November 23, 2018

2 factors that could trigger the next bitcoin bull run

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Bitcoin bull run 2019 – The price of bitcoin slid downwards after months of tracking sideways. Even though this may be surprising to newcomers of the space, it’s just a continuation of the usual cycle for the top cryptocurrency. What is for sure is that it will go up again. Below we are going to look at two factors that could act as a catalyst for the next bitcoin bull run. The SEC approving bitcoin ETFs The SEC has played hardball on this front disapproving all ETFs that have been sent…

Bitcoin Economist Says Top-ranked Crypto Will Reinvent Capitalism

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Bitcoin economist, Dr. Saifedean Ammous, recently predicted that Bitcoin was capable of bringing back the economy similar to the Gold Standard. Bitcoin is Akin to the Gold Standard Speaking recently to Express, Lebanese Professor and Bitcoin economist, Dr. Saifedean Ammous predicted that the Bitcoin would transform the economy to imitate the Gold Standard. The academic also wrote a book on the subject, titled The Bitcoin Standard: The Decentralized Alternative to Central Banking. The economist further stated that prosperity had not been the same since the Golden period of capitalism, and…

Trading Bots vs Humans, Explained

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2. The trades are based on analysis rather than emotion, and this can be beneficial for traders susceptible to the odd bout of panic buying. Off-the-shelf bots usually work on the basis of set algorithms which are often configured by developers. As such, their success often hinges upon the creator’s understanding of how the crypto world works. These tools can often be frustrating for advanced traders who have their own interpretations of the market, as some pieces of software have a limited scope for personalization. Bots can’t buy from a…

Crypto ETF Could Launch Bitcoin Price to $20,000 in 2019: BitPay COO

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Twitter Facebook LinkedIn With Thanksgiving now in the books and the calendar just days away from turning the page to December, most bitcoin bulls are conceding defeat in regard to their 2018 crypto market predictions. However, the new year is just around the corner, and BitPay COO Sonny Singh believes that 2019 could bring good tidings to the bitcoin price. Speaking during an interview on Bloomberg TV, Singh said that he believed that the crypto market would likely turn a corner at some point during the first two quarters of…

Gibraltar Stock Exchange Wins License for Blockchain Subsidiary

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The blockchain subsidiary of the Gibraltar Stock Exchange now has official approval from the island’s financial regulator. The Gibraltar Blockchain Exchange (GBX) announced Thursday that the Gibraltar Financial Services Commission (GFSC) has granted it a license under the jurisdiction’s new regulatory framework for distributed ledger technology (DLT), claiming to be the first stock exchange to own a regulated blockchain exchange. The GBX was first launched in July as an “institutional-grade” token sale platform and digital asset exchange. It currently offers U.S. dollar onboarding and a number of trading pairs against…

Cindicator CEO Mike Brusov on Market Analytics

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Cindicator CEO Mike Brusov on Market Analytics November 23, 2018 by Paul de Havilland Cindicator is a hybrid intelligence market analytics platform where crowd wisdom meets artificial intelligence to generate market predictions and data. CEO and co-founder Mike Brusov sat down with Bitsonline in Seoul over a coffee to discuss the platform, its analytics, and Asian expansion plans. Also read: Growing Number of Exchanges Embrace Bitcoin ABC as ‘BCH’ Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts What is Cindicator? Cindicator is a platform where trader, analyst,…

Bitcoin Fundamentals ‘Still Intact’ Despite Price Lows, Says Blockchain Intelligence Group

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The 2018 cryptocurrency price decline is a result of investors’ “lack of education,” the CEO of Canadian firm Blockchain Intelligence Group (BIG) said in an interview published in German economics news outlet Finanzen.de Nov. 23. Speaking with a representative of German investment bank GBC AG, BIG’s CEO Lance Morginn suggested the combination of entry-level investors piling in during 2017, regulatory uncertainty and standard principles of supply and demand resulted in the 2018 bear market. “You couple all these factors together, along with the lack of understanding that the average individual…

SBI Ripple Asia, Japan Payment Card Consortium Partner on Blockchain System to Fight Fraud

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SBI Ripple Asia and the Japan Payment Card Consortium have announced a joint proof of concept (PoC) to combat fraud with blockchain technology, according to an official release published Nov. 16. According to the news release, the PoC will be conducted on R3‘s blockchain platform, Corda, and will aim to prevent damage wrought by fraudulent transactions by enabling the real-time sharing of data between parties using blockchain.   The Japan Payment Card Consortium counts nine major credit card issuers – including American Express (Amex), Credit Saison and Toyota Finance –…

Bitcoin News Crypto Currency Daily Roundup November 23

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The rundown: Bitcoin and all major currencies were down in the morning; Digital Gold Exchange to create a cryptocurrency payment system for with South Korea’s medical group Regen; Ernst & Young plans to hire 2,000 employees in India to offer blockchain and other digital solution services; The COO of global crypto payment processor BitPay sees Bitcoin hitting $15,000 to $20,000; Swiss Federal Railway successfully tests a blockchain-powered identity management system; and Cryptocurrency exchange Bitex launches in the United Arab Emirates. Here is what is happening in the cryptocurrency market on…

79% Drop of Bitcoin is Smallest Major Correction to Date, Not All Gloomy

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Twitter Facebook LinkedIn Bitcoin (BTC) has experienced five major corrections to date, and the recent bear market of 2018 is the smallest major correction to date. As seen in a table shared by a renowned trader and technical analyst Peter Brandt, BTC experienced a drop of 79.7 percent in the past eleven months as its price declined from $19,500 to $4,035. On November 21, Bitcoin experienced a steep decline from $4,500 to $4,050 on fiat-to-cryptocurrency exchanges like Kraken and Coinbase. The dominant cryptocurrency swiftly recovered back to $4,500, but the…