Day: December 21, 2018

Avoiding, Causing, or Reveling in the Bear Market? Depends Who You Ask

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Institutional Investors: Avoiding, Causing, or Reveling in the Bear Market? Depends Who You Ask December 21, 2018 by Paul de Havilland The sustained crypto bear market of 2018 is deterring institutional investors from crypto, according to Bloomberg. For others, it is attracting them. Still others see Wall Street dumping crypto because of the bear market, while spooked retail speculators also flee. Who’s right? Also see: In Shift from White Paper, Substratum to Begin Trading ICO Treasury Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts JPMorgan Analysts Reporting…

Bakkt Bitcoin Futures Likely to Get the Regulatory Approval in Early 2019

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Intercontinental Exchange Inc is working on the first Bitcoin futures that pay out in cryptocurrency. They are now working with the CFTC to ensure that the project is in line with the current regulations. A decision should be made in early 2019. By investing in Bitcoin futures, investors will be able to place bets on the future price of Bitcoin. This future is unique in that, unlike others that already exist, it pays out in cryptocurrency rather than fiat currency. New today from @Rubinations @WSJ: “The first futures contract that…

Bitcoin Institutional Infrastructure Only Getting Stronger, Look at Yale

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Spencer Bogart Spencer Bogart, a partner at major cryptocurrency venture capital firm Blockchain Capital, said that the institutional sector of Bitcoin is only getting stronger. Although the valuation of the cryptocurrency market has dropped by 85 percent since achieving $816 billion in January, with the involvement of Nasdaq, Fidelity, NYSE, Bakkt, and large financial institution, the venture capital investor said that the infrastructure supporting Bitcoin is strengthening rapidly. What 2019 and Ahead Will Look Like For Bitcoin In late 2017, when the cryptocurrency market experienced one of the largest bull…

Coinbase Aggressively Expanding, High Hopes For Crypto in 2019

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Crypto exchanges do not get much bigger than Coinbase which has grown at a phenomenal rate over the past couple of years. The firm has not been deterred one bit by this year’s crypto rout and continues to aggressively expand into new markets and with new products. No Slowing Down into 2019 On Thursday the company said it had expanded into several new countries according to CNBC. Many of them are in Europe and recent new markets for the crypto firm include Iceland, Lithuania, Andorra, Gibraltar, Guernsey and the Isle…

Vitalik Buterin Donates 300k USD to Crypto Startups Focused on Scaling Ethereum (ETH)

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Vitalik Buterin surprised the crypto community after a seemingly sudden decision to make several $100K worth of ETH donations to various projects focused on the development of software solutions for the Ethereum network. A Small Debate Sparked it All The situation came after a debate via Twitter with Ameen Soleimani, CEO of SpankChain, who highlighted the need to work on the scalability and speed of this blockchain, which for almost its entire lifetime has been the most important blockchain after Bitcoin, being recently surpassed by Ripple (in terms of market…

Bitcoin Price Watch: BTC Breaks $4,000, Trend Overwhelmingly Bullish

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Key Points Bitcoin price extended gains and broke the $4,000 and $4,050 resistances against the US Dollar. Yesterday’s key bullish trend line is in place with support at $3,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently consolidating gains above $3,770 and it may continue to rise in the near term. Bitcoin price broke the key $4,000 resistance and later corrected lower against the US Dollar. BTC is in an uptrend and dips remain supported near $3,850 or $3,770. Bitcoin Price Analysis…

Crypto Market Update: Bitcoin Cash Rally, Tron (TRX), ADA, IOTA Price Analysis

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Key Points The total crypto market cap is showing positive signs and it recently moved towards $135.00B. Bitcoin cash surged higher by more than 50% and broke the $200 resistance. Tron (TRX) cleared the $0.0175 resistance and it could head towards $0.0200. Cardano (ADA) price broke the key $0.0400 resistance level. IOTA (MIOTA) gained more than 20% recently and surpassed the $0.3250 resistance. Bitcoin cash rallied above $200 and it could extend gains towards $240. Ethereum, ripple, Litecoin (LTC), Tron (TRX), IOTA and Cardano (ADA) remain in a solid uptrend.…

Regulations by SEC are not suitable for crypto as two lawmakers aim to re-write the law

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One of the most debated issues when it comes to cryptocurrencies not only in the United States but also around the world has been clarity for digital assets and what rules govern them. Regulations by SEC are not suitable for crypto as the SEC has continuously cracked down cryptocurrency projects such as token sales and exchanges which do not comply with the existing security laws. As reported by CNBC, two U.S. lawmakers are gearing up towards bringing clearer regulations to the cryptocurrency space as they believe the current regulations by…

Ripple Price Analysis: XRP Poised For Next Bullish Break Above $0.40

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Key Highlights Ripple price is currently consolidating gains below the key $0.3900-0.4000 resistance against the US dollar. There is a key breakout pattern forming with resistance near $0.3840 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair remains well supported on dips near the $0.3600 and $0.3410 levels. Ripple price is likely preparing for the next bullish break against the US Dollar and Bitcoin. XRP/USD could surge towards $0.4500 once there is a close above $0.4000. Ripple Price Analysis Yesterday, we saw a solid upward…

Ethereum Price Analysis: ETH Buyers In Full Control Above $108

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Key Highlights ETH price extended upsides and traded above the $114-116 resistance area against the US Dollar. This week’s followed major bullish trend line is intact with support at $106 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a solid uptrend and dips near $108 and $106 are likely to find strong bids. Ethereum price gained bullish momentum against the US Dollar and bitcoin. ETH/USD traded close to $120 and it remains well supported for more gains. Ethereum Price Analysis Yesterday, we discussed that…