Day: January 13, 2019

Bitcoin Isn’t a Currency, but That Doesn’t Make It a Failure

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Bitcoin Isn’t a Currency, but That Doesn’t Make It a Failure January 13, 2019 by Bitsonline Guest Contributor What is it that makes a currency successful? In fact, what is it that makes something a currency at all? Where bitcoin as a currency could be said to have failed by some measures, it has succeeded in changing the narrative of what a currency is and ushered in a new era the ending of which remains yet to be fully fleshed out. Also read: Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond…

Bitcoin Isn’t a Currency, but That Doesn’t Make It a Failure

boss

Bitcoin Isn’t a Currency, but That Doesn’t Make It a Failure January 13, 2019 by Bitsonline Guest Contributor What is it that makes a currency successful? In fact, what is it that makes something a currency at all? Where bitcoin as a currency could be said to have failed by some measures, it has succeeded in changing the narrative of what a currency is and ushered in a new era the ending of which remains yet to be fully fleshed out. Also read: Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond…

Japanese Regulator Clarifies Stance on Bitcoin ETFs and Derivatives

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Regulation Japan’s top financial regulator has clarified to news.Bitcoin.com its stance on bitcoin exchange-traded funds (ETFs), cryptocurrency derivatives, and upcoming regulatory changes. This follows reports that the agency may be considering approving an ETF that tracks cryptocurrencies. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Bitcoin ETFs and Derivatives Following recent reports claiming that Japan’s Financial Services Agency (FSA) may be considering approving one or more bitcoin ETFs, news.Bitcoin.com asked the country’s top financial regulator to confirm its plan regarding this type of investment instrument. A…

Bitcoin Price Weekly Analysis: BTC’s Bullish and Bearish Scenarios Analyzed

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Bitcoin price declined recently and traded below the $3,725 support against the US Dollar. There is a short term breakout pattern forming with resistance near $3,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may soon make the next move either above $3,650 or below $3,550 in the near term. Bitcoin price faced an increased selling pressure below $3,700 against the US Dollar. BTC/USD is aligned for the next break either bullish above $3,650 or bearish below $3,550. Bitcoin Price Analysis This past week,…

Ethereum Price Weekly Analysis: ETH Could Accelerate Losses Below $121

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ETH price declined heavily this past week below the $146 and $130 supports against the US Dollar. There is a crucial bearish trend line formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair remains at a risk of more losses if sellers push the price below $121 and $120 in the near term. Ethereum price is trading in a bearish zone versus the US Dollar and Bitcoin. ETH/USD could accelerate losses towards $112 or $108 if there is a break below $121.…

Ethereum (ETH) Hegemony Will Be Challenged, Says Crypto Investor

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Multicoin Capital Expects Ethereum To Meet Competition  Business Insider recently sat down with Kyle Samani, the co-founder and managing partner of Multicoin Capital, a Texas-headquartered crypto-specific fund backed by pro-Bitcoin investor Marc Andreessen, along with David Sacks. In the interview, Samani drew attention to his predictions for 2019’s crypto industry trends, making mention of Ethereum (ETH). He explained that a handful of well-funded, high-potential blockchain platforms, like the a16z crypto-backed Dfinity and Cosmos, could challenge Ethereum head-on in the near future. The Multicoin representative noted that the aforementioned two ventures,…

CNBC Trader: Bitcoin (BTC) At $3,000 Would Cause Panic En-Masse

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CNBC Trader Bearish On Bitcoin (BTC) — Contrarian Indicator?  Anthony Grisanti, a CNBC guest and futures trader, recently sat down with the outlet’s “Futures Now” segment to talk about Bitcoin (BTC). While he claimed that he had no reservations against the cryptocurrency, Grisanti seemed overly bearish on BTC, even though fundamentals for the underlying blockchain are relatively outperforming. Grisanti, the founder of GRZ Energy, noted that BTC, a supposed non-correlated asset, should have popped when U.S. equities, like a number of stocks listed on the Nasdaq, sold off. The fact that Bitcoin’s…