Day: December 28, 2018

WSJ: Bitcoin (BTC) Trading In Step With Gold Amid Dow Jones Tumult

boss

Bitcoin (BTC) Trading [Somewhat] In Step With The Volatility Index Although Bitcoin (BTC) remains just hundreds of dollars away from its yearly low, the flagship crypto asset has regained boatloads of volatility in recent weeks. Some days throughout the past weeks have seen BTC, along with its altcoin brethren, swing by double-digits. Interestingly, a report from the Wall Street Journal’s in-house crypto expert, Paul Vigna, has claimed that BTC has begun to trade in step with gold, accentuating how Bitcoin is likely the second coming of the orange(ish) precious metal.…

Recently Discovered Wallet Vulnerabilities Not Critical

boss

Ledger claimed that recently uncovered vulnerabilities in its hardware wallets are not critical in an official Medium blog post on Dec. 28. Yesterday at the 35C3 Refreshing Memories conference in Berlin, researchers claimed that they were able to hack the Trezor One, Ledger Nano S and Ledger Blue cryptocurrency wallets. In the post, the company explains that there appeared to be “three attack paths which could give the impression that critical vulnerabilities were uncovered,” but according to them “this is not the case.” The reason Ledger says that the vulnerability…

Bitcoin bet will see BlockTower Capital lose $1 million as the prediction is doomed

boss

BlockTower Capital, a hedge fund that manages over $130 million in client assets is set to lose a Bitcoin bet made last year that the top cryptocurrency will hit 50,000 by the end of this year. Ari Paul the company’s co-founder and chief information officer made a bet last year that Bitcoin would outperform its peak price achieved in the previous year something that is yet to materialize. The Bitcoin bet was worth $1 million Business Insider found out that Paul had spent $1 million on call options which were…

Report: Bitcoin Conforms to Mainstream Markets, Strong Correlation with Gold

boss

A recent report in the Wall Street Journal details how Bitcoin is becoming an increasingly mainstream asset and is starting to develop strong correlations with traditional assets, including Gold. The report cites the increase in institutional funding, increasing venture capitalist (VC) investments, and growing mainstream adoption as possible factors behind its increasing correlation with traditional markets. Despite this, the WSJ report also notes that Bitcoin is still far more volatile and riskier than mainstream investment vehicles, like the stock market or precious metals markets. Bitcoin Developing Strong Correlation with Gold  Recently, talk…

Visa to Purchase Ripple Cross-Border Payments Partner Earthport

boss

American payment services giant Visa Inc. is acquiring Ripple partner Earthport Plc, a payment network for cross-border transactions, Reuters U.K. reported Dec. 27. Founded in 1997, London-based Earthport is a financial services firm that offers cross-border payments service to banks and financial institutions. Earthport is a partner of tech company Ripple, where the partnership is aimed at integrating the Ripple protocol into the firm’s existing payment network to improve international transactions. Per Reuters, the acquisition will be made for £198 million ($251 million), or 30 pence ($0.38) per each Earthport…

Time Magazine Lauds Bitcoin (BTC) As An Escape From Economic Control

boss

Time Magazine Comes To The Defense Of Bitcoin Mainstream media has become infamous for bashing Bitcoin (BTC). Over the asset’s relatively short lifespan of ~10 years, prominent journalists (who often don’t understand the value of blockchain-based assets), have come out to overtly bash BTC. Some have claimed that its ecosystem is rife with bad actors. Others maintain their belief that Bitcoin is just the tulips of the 21st century. The bottom line is that many that hail from traditional realms think BTC is worthless, along with the thousands of other…

Crypto Markets in the Green Following Tough Losses

boss

Friday, Dec. 28 — The top 20 cryptocurrencies are in the green after seeing some tough losses over the last couple of days. Some coins have registered double-digit increases over the last 24 hours, according to Coin360. Market visualization by Coin360 The leading digital currency Bitcoin (BTC) is up over 7 percent on the day, trading at around $3,946 at press time. On its weekly chart, Bitcoin saw its lowest price point today at $3,624, while its highest price point was $4,268 on Dec. 24. Bitcoin 7-day chart. Source: CoinMarketCap…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 28

boss

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Crypto markets have given up some of their recent gains, which is expected. Rarely do markets bottom without forming a basing pattern. Entrepreneur Charles Shrem believes that the current dip is due to the expiration of Bitcoin futures on the Chicago Mercantile Exchange (CME)…

Crypto Privacy Part 1: Bitcoin, Tumblers, and Privacy in the Digital Age

boss

As private enterprises gather around the tracking possibilities of pseudo-anonymous Bitcoin, the crypto community is becoming all too aware of the necessity of privacy applications. Such a need has generated bushels of altcoins each hoping to outdo the last. Much graver implications than a booming market cap, however, are at stake. A society that lacks fundamental privacy apertures is likely hurtling into an Orwellian future in which every financial transaction is also linked to any personal information.   Fortunately, two parties are offering legitimate, albeit distinct, solutions to these problems.…

Startup Plans to Change Traditional Investment Models

boss

The startup aims to start a “financial revolution” by creating its own social network, where users can earn tokens and spend them by hiring top investment professionals and investing in the products and services they choose. The idea of the Huddl project is to break the traditional investment model, in which the company says that premium products are available only for wealthy people or for institutional investors. The Huddl team says the main reason that motivated them to build the platform was the loss of trust in traditional financial services…