Day: February 4, 2019

Stock Market Sees Significant Growth, While Bitcoin Keeps Stability Over Past 7 Days

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Monday, Feb. 4 — crypto markets have continued trading sideways over the past 24 hours, while Bitcoin (BTC) has been reasonably stable over the past 7 days, according to data from CoinMarketCap. Market visualization from Coin360 The major cryptocurrency Bitcoin is up around 0.2 percent over the past 24 hours, and is trading at $3,470 as of press time. However, following some slight losses on the week, Bitcoin is holding its weekly momentum, reporting 0.26 growth over the past 7 days at press time. With that, Bitcoin is down significantly…

Bitcoin Believer Dons Down Jacket, Awaits 12-24 Months Of ‘Crypto Winter’

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Ledger CEO Believes Bitcoin Bear Market May Continue For Two Years For the longest time, the most fervent believers in Bitcoin (BTC) have been permabulls — touting unrelenting positivity regarding this nascent industry that is potentially paradigm-shifting. Yet, since early-2018, when the current so-called “crypto winter” grew some roots, industry insiders have begun to express skepticism. While this bearish sentiment often pertains to shorter time periods, with some stating that lower lows are inbound in the next couple of months, some notable participants in this sector have begun to extend…

BitTorrent Token Is Already Nearly 6 Times Its ICO Price

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The price of BitTorrent Token (BTT) is closing in on six times the price of its initial coin offering (ICO), which occurred just one week ago. 59.8 billion BTT tokens were sold through Binance’s token sale platform on Jan. 28 at a price of $0.00012 per token, according to sale information provided by the exchange. Up nearly 40 percent today alone, BTT is now trading at a considerably higher price of $0.000798 – representing a 565 percent increase from its ICO price, Coinmarketcap data reveals. That sale sold out in…

TurboTax to Add New Section for Calculating Crypto Taxes

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United States tax preparation software TurboTax Online has reportedly partnered with CoinsTax, LLC to offer cryptocurrency tax calculation to its services, a press release reveals Monday, Feb. 4. As the U.S. Internal Revenue Service (IRS) has just opened tax return filing, TurboTax is launching a new section for crypto taxation. The new service will be available for those who purchased 2018 premier and above versions. The service will allow users to import trading data directly from major exchanges, such as Coinbase, Gemini, and Poloniex. Once calculated, capitals gains and income…

BTC Transaction Volumes “Very Low”

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Bitcoin prices in range mode Lightning Network in beta but drawing interest Market participation is “very” low The recovery of Bitcoin prices depends on adoption levels and favorable regulations. While we are bullish, buyers are free to ramp up once we see strong gains above $3,800. Before then, traders should take a wait and see approach. Bitcoin Price Analysis Fundamentals There has been much debate around Bitcoin. Often, the discussion revolves around the ability of Bitcoin to perform as billed. That is to act as a peer to peer electronic…

Switzerland Must Be ‘Open and Easy’ for Blockchain Investors

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The recently elected president of the Swiss Crypto Valley Association (CVA), Daniel Haudenschild, declared that the crypto bear market has damaged Switzerland’s position as a global blockchain hub. Haudenschild made his comments in an interview with major local media outlet Swissinfo, Feb. 4. Haudenschild officially took office as the president of the CVA on Jan. 31, stating in the interview that he intends to “heal divisions to prevent Switzerland losing any more ground to other countries” in attracting blockchain projects. According to SwissInfo, his election “followed a period of unrest…

Blockchain’s Main Strengths Are Transparency and Instantaneity: HSBC Exec

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Transparency and instantaneity are the main strengths of blockchain technology, an HSBC executive claimed in an interview with French business and tech journal L’Usine Digitale, Feb. 4. Béatrice Collot, Head of Global Trade and Receivable Finance at multinational banking giant HSBC, described the role of emerging technologies, such as artificial intelligence (AI), the Internet of Things (IoT) and blockchain, in trade finance. She made her comments in the context of the upcoming IN Banque conference in Paris this week. According to Collot, blockchain is poised to transform global trade finance…

Ripple’s Plan for China, Hiring A Country Manager

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XRP price technically bullish Ripple to hire a Country Manager, plans to open a physical office in Shanghai Transactional volumes are low, may rise if prices recover from 30 cents Ripple has grand plans. After funding the Fintech Research at Tsinghua University (THUIFR), the company plans to open a physical office in Shanghai. To that end, they are hiring a Country Manager. The trajectory taken is indicative and a hint of future involvement in China. This is in line with our XRP/USD trade trajectory. XRP Price Analysis Fundamentals With each…

BitTorrent Speed Set For Q2 2019, TRX Outperforms

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Tron price vibrant, adds 4.7 percent in the last day BitTorrent Speed to reward and incentivize users Participation on the rise, bulls in control A combination of favorable candlestick formation and fundamentals mean TRX is a top performer in the last day. The coin is up 4.7 percent and looks likely to expand towards 4 cents in coming days validating our previous TRX/USD trade plans. Tron Price Analysis Fundamentals Behind Tron is BitTorrent. Billed as the world’s largest peer to peer network, it is more than software. BitTorrent is a…

Bitcoin Price Prediction for 2019: Experts View

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Last year was full of agio and dramatic buzz around BTC. Its ups and downs made the investors and traders very concerned and cautious about the position of Bitcoin and its stability. The big failure at the end of the last year was the reason for traders and businessmen to watch attentively for analysts’ prognoses to understand what to do in the future. The 2019 new year has started, and many people are interested in what is going on in the crypto market. A lot of outstanding consultants have already…