Day: November 25, 2018

Bitcoin supporters think that there is a few things that needs to happen in crypto

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iWhat needs to happen before institutional Investors start to take Cryptocurrencies seriously According to the founder and partner at Morgan Creek Digital Assets, Anthony Pompliano, an investor in cryptocurrencies will let the firm focus on providing access to digital assets. This will be geared towards assets for institutions and financial offices as well. Pompliano was a former product manager at Facebook, he mentioned that there will be more investors coming into space in order to educate the masses on the power of cryptocurrencies with the Blockchain technology. The fundamentals behind…

BTC Not Out of The Woods Yet as CME Bitcoin Futures Contracts Expire This Friday

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Like clockwork, the CME Bitcoin (BTC) Futures contracts expire every last Friday of the month. This month will not be any different as the investment products are planned to expire this Friday, November 30th 2018. The full schedule of the current futures contracts by the CME Group can be found below. Schedule for Bitcoin futures contracts. Source, CMEGroup.com Further analyzing the dates, we find that the contracts are also scheduled to expire on the 28th of December, the 25th of January, the 22nd of February and the 29th of March.…

Cryptocurrency Markets Will ‘Flip Next Year’

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Mike Novogratz, ex-Goldman Sachs partner and founder of Galaxy Digital, has said that he expects cryptocurrency to “flip next year” in an interview published by Financial Times (FT) Nov. 23. During the interview, Novogratz said that “this year has been challenging” for Galaxy Digital –  a company that he hopes will become “the Goldman Sachs of crypto” – adding that “it sucks to build a business in a bear market.” According to FT, Novogratz predicted that financial institutions will transition from “investing in cryptocurrency funds to investing in cryptocurrencies proper…

Bitcoin Falls to $3.4k as Retails Panic but Institutional Investors are Loving it

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Bitcoin on Sunday has established another yearly low after extending its previous downside momentum. At press time, the BTC/USD pair is trading at 3823 on Coinbase after correcting from its intraday low at 3466. It marks a circa 45% loss just in November while contributing to an overall 82.5% loss since its manipulatively achieved all-time high. Unable to Recover Bulls are unable to pull off a substantial recovery period and most of the intraday actions to the upsides look to be coming from retailers executing their shorts. Ideally, the downtrend…

Hong Kong welcomes the first crypto custodial service after a change in regulations

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Recently the authorities in Hong Kong updated their regulations around digital currencies. The update introduced a deeper interest in the security of cryptocurrencies held by companies on behalf of their customers. This has fueled the creation of the first crypto custodial service which will serve firms affected by the new regulations. Specifically, the new regulations stipulate that cryptocurrency exchanges plus crypto fund managers must “ensure their clients’ virtual assets are well protected.” Under the new regulations, firms managing cryptocurrency can choose between using a third-party custodian, provide custody service by…

Will AI-based Agents on Blockchain Replace User Interfaces?

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Does your mopping robot or your food processor have names? Do you ascribe a character to them? Unless you’re a robot yourself, you probably do. The entire history of engineering has been about making the most human-like machines possible. We humans are hardwired to process social interactions, so we subconsciously expect machines to be at least somewhat human. We can adapt to dashboards, handles and buttons, but what we really want is an obedient servant. Japanese startup Connectome have come up with the “world’s first” Virtual Human Agent (VHA) on…

Why Crypto Traders Might Need to Embrace Shorting Bitcoin (BTC) and Other Cryptocurrencies

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Sunday the 25th of November will go down in history as the date Bitcoin (BTC) fell to $3,500 and Ethereum (ETH) went sub $100 when it was valued at $98 only hours ago. These major coins are now valued at $3,866 and $111 as we look forward to the final week of November. In the case of XRP, the digital asset has held its own at the number 2 spot after edging out Ethereum a few days back. XRP is currently valued at $0.35 and could be one of the…

How OKEx Exchange Is Handling “Market Manipulation” Case

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Last week, OKEx exchange faced negative publicity and accusations of marketing manipulation after adjusting Bitcoin Cash (BCH) futures settlements during the notorious hard fork. On November 20, the exchange responded to those allegations, essentially defending its decision and promising to provide evidence if the case goes to court. Curiously, it is at least the third time this year that OKEx has shown strange price volatility on their exchange. Brief introduction to OKEx, major crypto futures trading player OKEx was founded in 2017 as an international arm of the no longer…

Why Bitcoin Cash SV is the only top coin rising as crypto crash rolls on

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So you thought the Bitcoin Cash (BCH) hashwar was over? Not so fast. While bitcoin and the rest of the market has been crashing this weekend there has been one, perhaps surprising, bright spot amidst the wreckage – Bitcoin Cash SV, the forked coin from the original BCH, which is itself a fork from bitcoin (yeah, it’s getting silly). Bitcoin Cash SV (BCHSV) is 3% higher against the dollar at $65 in the past 24 hours and 20% higher against bitcoin. Compare that to BCH, which is down 21% during…

$63 Billion Deleted From Crypto in 7 Days, Ethereum Drops to Double Digit

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Twitter Facebook LinkedIn In the past seven days, the crypto market has experienced a drop of more than $63 billion, as major cryptocurrencies recorded double-digit drops. Bitcoin (BTC), the most dominant cryptocurrency in the market, fell by 12 percent from $4.300 to $3,800, achieving a new yearly low. At its lowest daily point, on fiat-to-cryptocurrency exchanges like Coinbase and Kraken, the price of BTC fell to $3,456. Ethereum (ETH), which is currently demonstrating a daily volume that is larger than that of Ripple (XRP) and Bitcoin Cash (BCH) combined at…