Day: February 15, 2019

Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, TRON, Stellar, Binance Coin, Bitcoin SV: Price Analysis, February 15

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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. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. United States banking giant JPMorgan Chase, whose CEO has been one of the most vocal critics of cryptocurrencies, has announced the launch of its own cryptocurrency, named “JPM Coin.” This clearly shows that many criticize the technology as they do not understand it, but…

Decentralized Finance Emerges as Banner Topic at Ethereum Denver Conference

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“We always needs to ask, ‘Who are we building for?’” Kicking off the annual ethereum hackathon ETHDenver, Aave CEO Stani Kulechov shared an opening address on on “leaping decentralized finance [into the] mainstream.” Aave is a Swiss-based blockchain technology company that officially launched in September of last year. Acting as the parent company to ETHLend – a decentralized financial marketplace for asset-backed loans – Kulechov explained that cross-application coordination and cooperation is key to seeing mainstream adoption. “We need to approach adoption from an ecosystem perspective,” said Kulechov. “You might be…

Crypto Markets Continue to See Mixed Signals, Dow Jones Up Over 360 Points

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Feb. 15 — crypto markets have continued trading sideways after hitting a multi-month high of daily trading volume of more than $36 billion yesterday, according to CoinMarketCap data. Market visualization from Coin360 Bitcoin (BTC) is slightly down over the past 24 hours, and is trading at $3,626 at press time. At press time, the biggest cryptocurrency is up around 0.41 percent over the past 7 days, while down some 0.1 on the day. On Feb. 11, Bitcoin transaction fees saw a new low point. Bitcoin 7-day price chart. Source: CoinMarketCap…

Litecoin (LTC) Up 26.3% In the Last Week, What’s Bogging Down Price?

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Litecoin prices up 26.3 percent Adoption levels on the rise Transaction volumes low but up from Dec 2018 Despite short-term sell pressure, Litecoin (LTC) is on the rise and adoption levels picking up. We can only conclude this as bullish and a pre-requisite for higher highs above $50. Litecoin Price Analysis Fundamentals The price of a digital asset, a product of supply-demand dynamics, is one of the many metrics of gauging performance. Fashioned as silver to Bitcoin gold, Litecoin is perhaps one of the few coins to gain widespread adoption.…

Japan Economic Alliance Asks Financial Regulator FSA to Reduce Tax on Crypto

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The Japan Association of New Economy (JANE) has asked the Japanese Financial Services Agency (FSA) to reduce the current tax rate for crypto trading income, Cointelegraph Japan reported on Feb. 14. Led by Hiroshi Mikitani, the CEO of Japanese e-commerce giant Rakuten, JANE has reportedly sent a proposal request to the country’s financial regulator asking them to tax crypto in compliance with progressive taxation instead of general taxation. According to the article, income from trading cryptocurrencies is currently taxed at 55 percent. Imposing progressive taxation on crypto gains intends to…

Bank-Issued Digital Assets A Deeply Misguided Idea

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Ripple price edge lower Brad Garlinghouse says bank issued currencies doomed to fail Transactional volumes low JPM Coin is a bank-issued coin, but it will fail if we factor in Brad Garlinghouse analysis. A synergy is mandatory, and Ripple’s InterLedger Protocol can solve their need. Meanwhile, XRP prices are down and trending inside Feb 8 high–low. Ripple Price Analysis Fundamentals Back in 2017, David Schwartz, Ripple’s Chief Cryptography officer conceded that it would be years before banks adopt distributed ledger technologies. Backing his reasons were scalability and privacy issues. That…

Argentina Settles Export Deal With Paraguay Using Bitcoin

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Argentina has settled an export deal with Paraguay in Bitcoin (BTC), Cointelegraph en Español reported on Thursday, Feb. 14. In a reported first for both countries, Paraguay has bought pesticides and fumigation products  worth $7,100 from Argentina, using cryptocurrency to settle the deal. The purchase was paid for in BTC and then converted into Argentine peso to settle accounts with the exporter of the agricultural chemicals. To proceed with the payments, Argentina applied to Bitex — a Latin American financial services provider that supports Bitcoin payments. According to the chief…

Ledger Commits to Remedying Nano S Update That Decreased Storage Capacity

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French cryptocurrency hardware wallet company Ledger published a post on its official blog  on Feb. 14 apologizing for issues with a recent firmware update for its Ledger Nano S. Specifically, the update reportedly decreased the device’s storage capacity, which the firm has promised to remedy. “This was not planned obsolescence, simply put, we messed up. We apologize and we’re committed to making it right,“ the post states. Some users had interpreted the firmware version 1.5.5 update as a way to bring planned obsolescence to the Ledger Nano S. The reason…

Bitcoin Cash-Focused Ifwallet Implements Cash Accounts Name System 

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Last month, on the 10th anniversary of the Bitcoin genesis block, Bitcoin Cash (BCH) developer Jonathan Silverblood launched his Cashaccount.info platform. The Cash Accounts platform allows users to tether human-readable names to BCH addresses in order to make payments easier. Now the Chinese BCH light client Ifwallet has become the first public wallet with Cash Accounts sending support. Also Read: Bitcoin’s Social Contract Must Be Resilient to the Whims of Future Generations Ifwallet and Cash Accounts Bitcoin addresses are long strings of numbers and letters, a format that to some users…

Bitcoin (BTC) Validation as Jamie Dimon’s Sentiment Shift

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Bitcoin prices ranging with clear supports at $3,400-500 zone JP Morgan and Chase rolls out a stable coin, JPM Transactional volumes average 10k, not enough to trigger buyers into action With the release of a banker’s stable coin, JPM Coin, crypto is technically valid. As such, we expect more bankers to follow suit endorsing the tech. That may help resuscitate Bitcoin (BTC) prices and lift them above $3,800 complete with high market participation. Bitcoin (BTC) Price Analysis Fundamentals Eventually, everybody does go down the endless rabbit hole call crypto. Many…