Day: February 6, 2019

Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 6

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Cryptocurrencies are struggling to move up, even after having been in a bear market for over a year and falling anywhere between 85 and 99 percent from their individual all-time-highs. Investors with open positions are experiencing huge losses, and the ones sitting on…

Crypto Analyst Points To $1,700 – $3,000 As Bitcoin (BTC) Accumulation Zone

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$1,700 Bitcoin (BTC) Incoming? Amid this extended bear season, dubbed a “crypto (nuclear) winter” by most, one analyst has quickly risen to prominence. The pundit in question in Murad Mahmudov, a Princeton graduate turned leading Bitcoin (BTC) researcher and supposed Goldman Sachs analyst, who now sports over 39,000 followers on Twitter. The trader, who has recently become known for his in-depth analysis of Bitcoin’s downside potential, took to Twitter on Monday to discuss how he expects the flagship cryptocurrency to fare in the coming months. In a message released in tandem…

Crypto Analyst Points To $1,700 – $3,000 As Bitcoin (BTC) Accumulation Zone

boss

$1,700 Bitcoin (BTC) Incoming? Amid this extended bear season, dubbed a “crypto (nuclear) winter” by most, one analyst has quickly risen to prominence. The pundit in question in Murad Mahmudov, a Princeton graduate turned leading Bitcoin (BTC) researcher and supposed Goldman Sachs analyst, who now sports over 39,000 followers on Twitter. The trader, who has recently become known for his in-depth analysis of Bitcoin’s downside potential, took to Twitter on Monday to discuss how he expects the flagship cryptocurrency to fare in the coming months. In a message released in tandem…

Survey of Customer Comfort With Amazon-Branded Products Includes Crypto

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Shoppers of e-commerce giant Amazon would like to be able to purchase a wider variety of products, including cryptocurrency, according to a recent report published by a financial portal Investing.com. In the course of the survey, Investing.com reportedly surveyed over 1,000 Amazon shoppers in order to discover ordering frequency and the trust level customers have in the company. Notably, the survey polled customers on what products they are comfortable buying under an Amazon brand. When asked what kind of products they feel comfortable buying under the Amazon brand, 12.7 percent…

Bitcoin Could Experience a Resurgence of Interest on Wall Street: JPMorgan Strategist

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JPMorgan’s Global Market Strategist Nikolaos Panigirtzoglou says that Bitcoin (BTC) could make a resurgence on Wall Street, according to an article published by CNBC on Feb 6. “The stability that we are seeing right now in the cryptocurrency market is setting the stage for more participation by institutional investors in the future,” said Panigirtzoglou, “The cryptocurrency market was a new market. It went through a bubble phase [and] the burst.” Panigirtzoglou predicts that firms will show a renewed interest in cryptocurrencies as stability in the market grows and as Bitcoin’s…

Major Swiss Stock Exchange SIX to Launch New Blockchain-Powered Digital Exchange

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Switzerland‘s principal stock exchange SIX Swiss Exchange will test blockchain integration for its forthcoming parallel digital trading platform SDX in the second half of this year. The news was reported by Cointelegraph Deutschland Feb. 4. SIX Swiss Exchange sees roughly CHF5.19 billion (~$5.18 billion) in daily turnover, and has a market capitalization of over 1.67 trillion CHF ~($1.6 trillion). CEO Jos Dijsselhof told Cointelegraph Deutschland in an interview that the company had chosen the technology for the time efficiency and improved security it can offer across all stages of stock…

The Collapse of QuadrigaCX: What We Know (And What We Don’t)

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QuadrigaCX, the Canadian cryptocurrency exchange, made headlines world last week when it announced it was filing for creditor protection and owed upwards of $130 million or more to its customers. The long-suffering exchange has had banking issues for more than a year, and customers complained they could not easily withdraw fiat or crypto over the past several months. Fears that the exchange may be insolvent or running a scam were exacerbated by an announcement that its founder and CEO, Gerald Cotten, died of Crohn’s disease while in India. After weeks…

The Collapse of QuadrigaCX: What We Know (And What We Don’t)

boss

QuadrigaCX, the Canadian cryptocurrency exchange, made headlines world last week when it announced it was filing for creditor protection and owed upwards of $130 million or more to its customers. The long-suffering exchange has had banking issues for more than a year, and customers complained they could not easily withdraw fiat or crypto over the past several months. Fears that the exchange may be insolvent or running a scam were exacerbated by an announcement that its founder and CEO, Gerald Cotten, died of Crohn’s disease while in India. After weeks…

Market Overly-Focused on Ethereum’s Constantinople Hard Fork, Says Report

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The market was too focused on the Ethereum’s (ETH) Constantinople and Serenity (Ethereum 2.0) hard forks, overshadowing more important upgrades, according to a recent report by cryptoassets trading firm Cumberland Research shared with Cointelegraph. The Constantinople hard fork is an update to the ETH network, which encloses separate Ethereum Improvement Proposals (EIPs) in order to pave the way to the Ethereum 2.0, which is planned to be the system’s final upgrade. Ethereum 2.0 will switch the ETH network from the current proof-of-work (PoW) consensus algorithm to the more energy efficient…

Number of ICOs in Q4 2018 Increased, But Raised 25% Less Than in Q3

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Initial coin offerings (ICOs) in Q4 2018 raised 25 percent less than in Q3, while the total amount of completed ICOs increased, according to a report by ICO rating service ICObench shared with Cointelegraph on Feb. 6. The number of ICOs completed in Q4 increased to 594 from 554 in Q3, the report says. With that, the number of ICO projects that did not raise funds has also increased in Q4, while the number of successfully completed ICO projects remained equal. According to the report, the total funds raised by…