Day: February 8, 2019

Bitcoin Hasn’t Performed Well in 2018 But Analysts Say It’s Just Fine to Hold BTC

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The performance of Bitcoin (BTC) over 2018 hasn’t been pretty — that goes without saying. Yet, taking a step back, many optimists would argue that it is more than apparent that crypto assets are doing just fine. Case in point, the asset ran from sub-$0.01 to an all-time high of $20,000 in a decades’ time, outperforming any other investment opportunity that has existed, ever. And while prospects look dismal for Bitcoin’s remaining holders, believed to be few and far between, some claim that copious upside might just be inbound. 1%…

Bitcoin Hasn’t Performed Well in 2018 But Analysts Say It’s Just Fine to Hold BTC

boss

The performance of Bitcoin (BTC) over 2018 hasn’t been pretty — that goes without saying. Yet, taking a step back, many optimists would argue that it is more than apparent that crypto assets are doing just fine. Case in point, the asset ran from sub-$0.01 to an all-time high of $20,000 in a decades’ time, outperforming any other investment opportunity that has existed, ever. And while prospects look dismal for Bitcoin’s remaining holders, believed to be few and far between, some claim that copious upside might just be inbound. 1%…

Will Bitcoin (BTC) Rain on Tron (TRX) and BitTorrent’s (BTT) Parade During the Airdrop?

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Fans and investors of Tron and BitTorrent are anxiously waiting for the first BTT airdrop for holders of TRX on Monday, February 11th. The airdrops are particularly unique in that they will happen on the 11th of every month for the next six years. The last airdrop will be on February 11th, 2025. By giving BTT incentives for holding TRX for the next six years, many crypto traders predict that there will be a lot of trading activity surrounding TRX and BTT around the time period of each airdrop. Firstly,…

Will Bitcoin (BTC) Rain on Tron (TRX) and BitTorrent’s (BTT) Parade During the Airdrop?

boss

Fans and investors of Tron and BitTorrent are anxiously waiting for the first BTT airdrop for holders of TRX on Monday, February 11th. The airdrops are particularly unique in that they will happen on the 11th of every month for the next six years. The last airdrop will be on February 11th, 2025. By giving BTT incentives for holding TRX for the next six years, many crypto traders predict that there will be a lot of trading activity surrounding TRX and BTT around the time period of each airdrop. Firstly,…

South Korean Crypto Exchange Bithumb Launches Over-The-Counter Trading Platform

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South Korea’s major virtual currency exchange Bithumb has officially launched an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7. Hong Kong-based entity Bithumb Global Limited owns the rights to the Ortus brand, which specializes in services for institutional investors. After completing Know-Your-Customer and Anti-Money Laundering inspections, institutional investors will be able to utilize Ortus services, including monitored funds transfers and access to an OTC trading desk. OTC trading is an option for institutional investors looking to perform large-volume trades, as it…

South Korean Crypto Exchange Bithumb Lanches Over-The-Counter Trading Platform

boss

South Korea’s major virtual currency exchange Bithumb has officially launched an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7. Hong Kong-based entity Bithumb Global Limited owns the rights to the Ortus brand, which specializes in services for institutional investors. After completing Know-Your-Customer and Anti-Money Laundering inspections, institutional investors will be able to utilize Ortus services, including monitored funds transfers and access to an OTC trading desk. OTC trading is an option for institutional investors looking to perform large-volume trades, as it…

Smart Contracts Are No Problem for the World’s Legal Systems, so Long as They Behave Like Legal Contracts

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Cryptocurrencies have been a headache (if not a nightmare) for the law. Ever since Ross Ulbricht launched the Silk Road online marketplace in February 2011, Bitcoin and its ilk have been disrupting the ability of authorities to police the globe, and to ensure that norms, regulations and laws are being observed. For a while, it was believed by some that smart contracts — essentially if-then instructions written into and executed by a blockchain — would do something very similar to the law itself, coming into potential conflict with the globe’s…

Fake Website Mimicking Bakkt Platform Fails to Scam Crypto Community

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A new Bitcoin (BTC) scam website representing digital assets platform Bakkt has appeared on the internet, with its domain “bakktplatform.io” registered on Jan. 31. The fake Bakkt website claims that the launch of the platform will take place on March 12, also offering investors a chance to participate in another funding round, accepting “investments” in Bitcoin. Citing official data from the genuine Bakkt blog, the fake website mentions that the upcoming digital asset platform had raised $182.5 million in the end of 2018, and announced a second investment round for…

Bitcoin Price Still Trading Flat While Litecoin Hits 7-Month High

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View The immediate outlook on bitcoin will remain bearish while prices are held below the 6-hour chart 50-candle moving average, currently at $3,471. Litecoin’s BTC-denominated exchange rate (LTC/BTC) clocked seven-month highs earlier today. A close above 0.010182 would confirm an inverse head-and-shoulders breakout and open up upside toward 0.013. The rally, however, may not happen immediately, as the 14-day relative strength index (RSI) is reporting overbought conditions. The bullish setup in LTC/BTC would be invalidated if prices fall back below 0.010182, although that is unlikely to happen, given the long-term…

Bithumb Exchange Launches OTC Trading Desk for Digital Assets

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South Korean-headquartered cryptocurrency exchange Bithumb has launched a global over-the-counter (OTC) trading desk for digital assets. Announcing the news on Thursday, the firm said that the new Hong Kong-based venture – Ortus – is a “block deal, matchmaking service” for institutional clients. In an OTC deal, two parties trade directly with each other, unlike on an exchange where orders are matched between buyers and sellers. “Ortus will operate to allow institutions to buy and sell digital assets through a network of global liquidity providers and benefit from a competitive and…