Day: February 8, 2019

Bits of Open Possibility in Open Finance

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March of the Smart Contracts: Bits of Open Possibility in Open Finance February 8, 2019 by William Peaster Are smart contracts the future of open finance? Who knows for now, but it’s clear the possibilities around the blockchain-based tech are growing. What brave new world lies ahead in kind? Also read: Bitcoin Legal ‘Money’ in U.S.? One Federal Court Says Aye Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Vitalik Buterin Suggests Smart Contracts Could Spell the Death of Paydays In a Feb. 6th tweet, Ethereum co-creator…

SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows

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A Bitcoin (BTC) exchange-traded fund (ETF) will most likely ultimately gain approval from the United States securities regulator, according to a commissioner. The comments were reported by political journal Congressional Quarterly in a forthcoming interview leaked on Twitter on Feb. 5. Robert J. Jackson Jr., the Securities and Exchange Commission (SEC)’s only Democratic commissioner, said that despite its string of rejections of ETF applications last year, the practice will ultimately change. “Eventually, do I think someone will satisfy the standards we’ve laid out there? I hope so, yes, and I…

Binance Set to Thrive in Any Bear Market, CZ Hints at Future Partnership with Ripple

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Photo: Binance / Instagram While some crypto-related firms have serious doubts whether they have any future in the current market conditions, CEO of Binance is very optimistic and is absolutely sure that his cryptocurrency exchange will survive in any Bitcoin bear market. Bitcoin Market: CZ’s Vision Billionaire Changpeng Zhao who is the CEO of the above-mentioned crypto exchange believes that despite all the challenges Bitcoin has faced with, this cryptocurrency has a great future and will definitely reach wide adoption. He is also sure that Binance won’t be seriously affected even…

Texas Securities Regulator Reveals 16 Orders Issued to Suspect Crypto Investments in 2018

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The Texas State Securities Board (SSB) issued a total of 16 orders against suspected cryptocurrency scam investments in 2018, the regulator revealed in its 2018 Enforcement Report published on Feb. 7. Targeting actors luring Texas residents with various investment schemes, the SSB said it had successfully cited a total of 60 people and entities over the twelve-month period that reportedly sold unregistered securities. Scams included the now-infamous BitConnect, an investment racket which lost almost its entire market cap after a string of revelations about its authenticity worldwide. “Promoters of cryptocurrency-related…

Bitcoin and Ether Market Update: February 8, 2019

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The total crypto market cap lost $2 billion of its value since February 6, 2019, and now stands at $111.5 billion. Bitcoin is still hovering around $3,400 while ether holds $105. BTC/USD Bitcoin lost 1.7 percent of its value on February 6 in an unexpected drop to $3,450. It managed to hold above the low end of the $3,600 to $3,450 trading corridor, but the move suggested the top cryptocurrency might see a return of volatility in the coming weeks. On February 7, the BTC/USD pair lost $13 and moved…

Winklevoss Twins to Pay Out $45,000 in Legal Fees to Charlie Shrem After New Ruling

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Bitcoin (BTC) entrepreneur and advocate Charlie Shrem will receive around $45,000 in legal costs from Tyler and Cameron Winklevoss as part of an ongoing lawsuit, according to an official document filed on Feb. 7. The latest step in the lengthy legal proceedings between the former business partners, a judge at the District Court of the Southern District of New York ruled in favor of Shrem for a second time in the last three months. The Winklevoss twins had instigated an investigation and asset freeze on Shrem after a fallout over…

A Bitcoin ETF Will Eventually Be Approved. SEC Commissioner Says

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Despite previous failed attempts by important players at registering a Bitcoin ETF, eventually, one will meet the security standards required by the SEC for approval. So said Robert Jackson, the only Democrat commissioner in the SEC. In an interview shared on Twitter by Adjunct Professor at NYU Stern Drew Hinkes, Mr. Jackson was sure that in the near future there will be a Bitcoin ETF, but he stressed that until now all applications have failed to prove to the SEC that a Bitcoin ETF cannot be manipulated. “Eventually, do I…

Bitcoin Price Watch: Upsides In BTC Likely To Be Capped

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Bitcoin price is trading in a range above the $3,345 support level against the US Dollar. There is a major bearish trend line formed with resistance at $3,375 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to face a strong resistance near the $3,375 and $3,400 levels. Bitcoin price is currently consolidating losses above $3,340 against the US Dollar. BTC could correct a few points, but upsides are likely to remain capped near $3,400. Bitcoin Price Analysis There was a short-term support…

Bitcoin Good Insurance Against Irresponsible Government

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The recent actions of the US president shutting down his government because he didn’t get his way would make anybody question its responsibility. The economic damage has yet to be accounted for but it will not be a small figure. Escalating household debt and inflation also add to those woes so looking towards a safe haven could be the way forward. Speaking at the Cayman Alternative Investment Summit in Grand Cayman this week, CIO of crypto hedge fund Ikigai Asset Management, Travis Kling, referring to Bitcoin said; “There is a…

Ripple Price Analysis: XRP Primed for More Declines

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Ripple price corrected higher, but it failed to move above $0.2900 and $0.2920 against the US dollar. Yesterday’s highlighted key bearish trend line is intact with resistance near $0.2890 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must break the $0.2900 and $0.2920 resistance levels to start a short term upward move. Ripple price is trading in a bearish zone with a negative angle against the US Dollar and Bitcoin. XRP/USD could continue to move down and it may even break the $0.2850 support…