Day: February 18, 2019

Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs

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Commissioners of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have come together to discuss their regulatory approaches to bitcoin futures contracts and bitcoin exchange-traded funds (ETFs). The two regulators are also open to collaborating on their oversight of crypto investment products. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations CFTC Regulating Bitcoin Futures At a Bipartisan Policy Center event entitled “The Year Ahead for Capital Markets” last week, SEC Commissioner Hester Peirce and CFTC Commissioner Brian Quintenz discussed their agencies’…

Self-Professed ‘Satoshi’ Craig Wright Answers CFTC’s Request for Input on Crypto Markets

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Controversially self-proclaimed “Satoshi Nakamoto” and nChain chief scientist Craig Wright has reportedly submitted two near-identical comment letters to the United States Commodity Futures Trading Commission (CFTC). Wright filed his two documents on Feb. 15 in response to the agency’s request for industry input and feedback on Ethereum (ETH)’s mechanics and market. The closing deadline for responses to CFTC’s request for input (RFI) was Feb. 17, the agency having outlined its reasons behind gathering the information as follows: “The input […] will advance the CFTC’s mission of ensuring the integrity of…

Could JP Morgan’s Crypto Spell Trouble For Ripple?

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Ripple’s XRP token has lost momentum of late. A couple of weeks ago it was the second largest crypto asset by market capitalization by a good margin. At the moment it can’t seem to get out of second gear as Ethereum streaks ahead increasing its lead. In today’s market wide crypto rally XRP has only managed to eke out a 2% gain taking it to $0.307 at the time of writing. It is down over 5% on the month while others around it have been making better gains. There have…

Could JP Morgan’s Crypto Spell Trouble For Ripple?

boss

Ripple’s XRP token has lost momentum of late. A couple of weeks ago it was the second largest crypto asset by market capitalization by a good margin. At the moment it can’t seem to get out of second gear as Ethereum streaks ahead increasing its lead. In today’s market wide crypto rally XRP has only managed to eke out a 2% gain taking it to $0.307 at the time of writing. It is down over 5% on the month while others around it have been making better gains. There have…

Ethereum Scaling Tech Monoplasma Wants to Let Dapps Broadcast Crypto

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Blockchain data platform Streamr has officially released a new open-source ethereum scaling technology called Monoplasma. Inspired by a pre-existing scaling solution called plasma, Monoplasma is different in that it focuses specifically on “one-to-many payments” in which users would need to “repeatedly distribute value to a large and dynamic set of ethereum addresses,” explained Henri Pihkala, CEO of Streamr. Speaking to CoinDesk about use cases for the technology, Pihkala said Monoplasma isn’t just about revenue sharing. Rather, the technology is envisioned for open-source decentralized applications (dapps) looking to incorporate “dividend distributions, staking rewards, repeated…

Crypto Markets See Bullish Growth, Asian Stock Markets Rally Ahead of US-China Trade Talk

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Monday, Feb. 18: Crypto markets are seeing a bullish surge of green, with all of the top twenty cryptocurrencies seeing growth of between 2 and 12 percent, as data from Coin360 shows. Market visualization by Coin360 Top cryptocurrency Bitcoin (BTC) has seen a solid 2.9 percent in growth on the day and is trading around $3,742 to press time, according to CoinMarketCap data, bringing Bitcoin to a 2.38 percent gain on the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH) has seen the strongest 24-hour growth among the top…

is the Crypto Market En Route For a Strong Recovery?

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In the past 24 hours, the Ethereum price has increased from $124 to $141 by 13 percent against the U.S. dollar. Analysts foresee a strong short-term recovery ahead as the crypto market shows momentum. The optimistic price movements of major crypto assets in the likes of Ethereum, EOS, Bitcoin Cash, and Binance Coin have come during a period in which the sentiment in the near-term performance of the crypto market has become noticeably gloomy. Full-Fledged Crypto Recovery a Possibility? On February 17, prior to the recent rally of the crypto…

Bitcoin Price Analysis: BTC/USD Trends of February 18–24, 2019

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Key Highlights: Consolidation movement confirmed on Bitcoin market; in case the $3,679 level holds, the bulls may take over the market; the break out is imminent. BTC/USD Long-term Trend: Ranging Resistance levels: $4,237, $4,692, $5,600Support levels: $3,679, $3,247, $2,765 BTC/USD is consolidating on the long-term outlook. There was not any serious rally on the BTC market last week. The momentum of both the bears and the bulls remain at equilibrium; that is the crypto was consolidating on and around the support level of $3,679. It is noticed that there is…

Bitcoin Price Watch: BTC Turned Buy On Dips, Uptrend Intact

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Bitcoin price formed a strong support near the $3,550 level and traded higher against the US Dollar. There was a break above a major bearish trend line with resistance at $3,610 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair broke the $3,650 and $3,700 resistance levels to move into a positive zone. A high was formed at $3,732 before the price started a downside correction. Bitcoin price gained traction and broke the key $3,600 resistance against the US Dollar. BTC is now placed nicely…

Crypto Market Could Extend Gains: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis

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The total crypto market cap gained momentum and broke the $118.0B resistance level. EOS price broke the $2.85 resistance and it is currently approaching the $3.00 resistance. Bitcoin cash price is up more than 5% and it could soon test the $130 level. Tron (TRX) price is facing a strong resistance near the $0.0250 and $0.0255 levels. Cardano (ADA) price rallied and broke the $0.0400 and $0.0420 resistance levels. The crypto market gained bullish momentum, with gains in bitcoin (BTC) and Ethereum (ETH). EOS, BCH, ripple, tron, ADA and other…