Day: February 9, 2019

SEC Commissioner Jackson Sends Positive Cue For Eventual Bitcoin ETF Approval

boss

SEC Commissioner Jackson Sends Positive Cue For Eventual Bitcoin ETF Approval February 9, 2019 by Akshay Makadiya Is a bitcoin exchange traded fund (ETF) inevitable? According to SEC Commissioner Robert J. Jackson Jr.’s latest comments, it could be. In a recent interview, Jackson sent a positive signal that a Bitcoin ETF will eventually be approved. Does it mean we will see an SEC-approved Bitcoin ETF in 2019? Also read: Blockchain? No Such Thing-Timechains Are the Future We love hearing from our readers. Sound off on our Twitter or Facebook pagesCheck out…

Venezuela Did More P2P Bitcoin Trading Than Canada and India Combined in 2018

boss

According to data scientist Matt Ahlborg, LocalBitcoins trading data concludes that Venezuela did more peer-to-peer Bitcoin trading in 2018 than Canada, India, and Australia combined. Venezuelan trading topped $235 million. For perspective, the United States only clocked in $373 million, and it is the largest economy in the world. In total, peers traded $3.1 billion over the course of the year. One factor that limits trading in more advanced countries is the price spreads seen on LocalBitcoins. To buy Bitcoin there, one will invariably pay several percent above the market…

Breaking: Bitcoin Giant Bitfinex Sees Unexplained “Service Disruption”

boss

Bitfinex Suddenly Shutters Site, Cites “Service Disruption” Not one hour ago, Bitfinex, the Hong Kong-headquartered Bitcoin powerhouse, divulged on Twitter that it was fully aware that its platform wasn’t “accessible to some users.” Yet, minutes later, the shadowed crypto startup, one of the longest standing in this nascent industry, corrected itself, explaining that “Bitfinex is offline to all users.” This came straight out of left field. As this comment likely caused some traders to fret, especially those with large cryptocurrency holdings on the platform, Bitfinex remarked that “funds are safe.”…

Breaking: Bitcoin Giant Bitfinex Sees Unexplained “Service Disruption”

boss

Bitfinex Suddenly Shutters Site, Cites “Service Disruption” Not one hour ago, Bitfinex, the Hong Kong-headquartered Bitcoin powerhouse, divulged on Twitter that it was fully aware that its platform wasn’t “accessible to some users.” Yet, minutes later, the shadowed crypto startup, one of the longest standing in this nascent industry, corrected itself, explaining that “Bitfinex is offline to all users.” This came straight out of left field. As this comment likely caused some traders to fret, especially those with large cryptocurrency holdings on the platform, Bitfinex remarked that “funds are safe.”…

Leaked Interview with Hopeful SEC Chief: Bitcoin ETF is on the Horizon

boss

SEC Commissioner Robert J. Jackson recently did an interview with Congressional Quarterly, a publishing company who report primarily on the United States Congress, where he expressed views that an SEC-approved Bitcoin ETF is inevitable. According to Jackson, it’s not a matter of if it gets approved, but when. The interview has yet to be published, but excerpts were provided by Drew Hinkes, Adjunct Professor at NYU Stern and NYU Law, who shared them via Twitter: #SEC Commissioner Jackson in an interview to be published next weeks is optimistic that a…

Analyst: Bitcoin (BTC) Could Fall To $1,800, But Now Is Accumulation Time

boss

Over recent weeks, Bitcoin (BTC) has moved with seemingly no rhyme or reason, as price action is sporadic and bouts of volatility are hard, even impossible to foresee. Yet, CoinTelegraph has done its best to provide some insight, enlisting the help of notable industry analysts and commentators to discern where cryptocurrencies could be heading next. While the outlet may have been ill-timed with its most recent crypto market update, as BTC’s 8% rally and Litecoin’s 30% pump may have rendered some comments moot, the information presented contains some value nonetheless.…

What’s Next For The Bitcoin Price? Crypto Analysts Weigh In

boss

What’s Was Behind Friday’s Crypto Boom? Your eyes aren’t kidding themselves. On Friday, the Bitcoin price truly did boom, with BTC moving higher than $3,700 for the first time in seemingly forever, seemingly on the back of zero catalysts. As normal, altcoins followed, with Litecoin (LTC) posting a 30% gain, as a majority of other cryptocurrencies posted daily returns that ranged between BTC’s 8% and LTC’s 30%. This move, which was the first bout of notable crypto volatility in weeks, pushed the aggregate value of all cryptocurrencies beyond $121 billion,…

What’s Next For The Bitcoin Price? Crypto Analysts Weigh In

boss

What’s Was Behind Friday’s Crypto Boom? Your eyes aren’t kidding themselves. On Friday, the Bitcoin price truly did boom, with BTC moving higher than $3,700 for the first time in seemingly forever, seemingly on the back of zero catalysts. As normal, altcoins followed, with Litecoin (LTC) posting a 30% gain, as a majority of other cryptocurrencies posted daily returns that ranged between BTC’s 8% and LTC’s 30%. This move, which was the first bout of notable crypto volatility in weeks, pushed the aggregate value of all cryptocurrencies beyond $121 billion,…

Bitcoin Accepted as Payment for Transportation in 37 Argentinian Cities

boss

The adoption of Bitcoin as a globally used cryptocurrency is a slow and time-consuming process, yet despite the pessimistic statements of many experts, every day the dream seems to be a little closer. Following in the footsteps of other countries like Australia which decided to accept Bitcoin as a form of payment for airline tickets, Argentina has taken a step forward in Latin America by integrating the use of crypto into the payment of one of the country’s most important services: public transport. According to an article published by Cripto247,…

Proposal to Increase Bitcoin’s 21 Million Supply Sparks Debate

boss

21 is a number that holds deep symbology to bitcoiners. In addition to denoting the total number of bitcoins, in millions, that will ever be issued, it’s inspired scores of cryptocurrency business names, websites, and merchandise designs. Despite its assumed inviolability, some members of the community are opposed to Bitcoin’s rigidly set 21 million supply. If they have their way, that arbitrary cap will be lifted. For many devout bitcoiners, this suggestion is sacrilegious. Also read: Quadrigacx Saga: Founder’s Widow Owns $5.6m Properties, Hospital Confirms Cotten’s Death Bitcoin’s Fixed Supply –…