Day: February 20, 2019

Japanese Bank Head Endorse Ripple (XRP) says Bitcoin (BTC) Has no Value

boss

  Ripple price trajectory is up Yoshitaka Kitao endorses Ripple (XRP) Transactional volumes on the rise   SBI Holdings and Yoshitaka Kitao are Ripple (XRP) proponents and believe the coin will somehow revolutionize cryptocurrency. Anyhow, with the launch of SBIVC expected in weeks, our previous XRP/USD trade plans will be validated. Ripple (XRP) Price Analysis Fundamentals Sometimes, the head of SBI Holdings Yoshitaka Kitao may appear over-optimistic about Ripple and XRP abilities to revolutionize crypto. SBI Holdings anchors and is the nucleus of Ripple activities in Asia. As the majority…

Galaxy Digital Joins $15 Million Investment Round in Crypto Security Firm CipherTrace

boss

Mike Novogratz’s crypto investment bank Galaxy Digital has invested in blockchain security company CipherTrace, according to an official press release published on Feb. 19. CipherTrace has reportedly raised $15 million in venture capital in a new funding round led by major Silicon Valley venture capital firm Aspect Ventures, whose partner, Mark Kraynak, will join the firm’s board of directors. The round also saw investments from Neotribe Ventures and WestWave Capital. California-based CipherTrace will use the secured funds in order to improve tools for cryptocurrency intelligence, anti-money laundering (AML) solutions, blockchain…

Bullish Bitcoin (BTC) Inch Close to $4,500 as Tech Leader Says it is Better than Paper Money

boss

  Bitcoin prices are trending higher, up 8.1 percent in the last week Elon Musk says Bitcoin and crypto is brilliant for value transfer Transactional volumes high, behind recent higher highs   Adoption is on the rise, and it is at this juncture that Elon Musk has reasons to believe that Bitcoin is brilliant and a better tool for value transfer. As an influencer, this is bullish, and as long as prices are on the rise, we expect momentum to build up. Bitcoin (BTC) Price Analysis Fundamentals Interesting days ahead.…

Spain’s Largest Telecom Company Seeks Entrepreneurs in Blockchain, AI

boss

Spain’s largest multinational telecommunications company, Telefónica, has announced an initiative to support entrepreneurs in innovative technologies, such as blockchain and artificial intelligence (AI), according to an official press release published on Feb. 19. The Madrid-based company — also one of the largest telephone operators and mobile network providers in the world — has launched its first “Open Innovation” call of this year via  its tech incubator subsidiary, Telefónica Open Future. The month-long initiative seeks to support startups and innovative projects ready to “revolutionize traditional ecosystems through new technologies,” such as…

4 Reasons Bitcoin is the World’s ‘Most Compelling Asset’

boss

Now is the perfect time to buy bitcoin, according to Spencer Bogart, a partner at Blockchain Capital. Speaking to Bloomberg, Bogart was evangelical about bitcoin, calling it “the most compelling asset in the world right now.” Bogart is notoriously bullish, maintaining a $50,000 price target on bitcoin. Why is he so optimistic during the depths of this crypto winter? He pointed a string of possible catalysts for another bitcoin boom, including global tensions, rising national debt, and the increasing interest from institutions. Let’s go through them one at a time.…

Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto?

boss

While Elon Musk has yet to formally delve into the Bitcoin space, he has long been a fabled member of the crypto community. Since finding his way to the headlines of the world’s media, the Tesla chief executive’s pro-innovation mindset has struck a chord with many enamored with cryptocurrencies. In fact, some say that Musk’s unsaid raison d’etre of bettering society at large, especially by amending the world’s most harrowing issues (climate change, confinement on Earth, financial inequality), lines up with the goals held by many cryptocurrency insiders. Thus, some have even…

Crypto Markets Trade Sideways After Recent Gains, Stock Market Sees Green

boss

Wednesday, Feb. 20: following the recent wave of green, crypto markets are trading sideways today, with top 20 coins by market cap seeing mixed signals, according to CoinMarketCap. Market visualization from Coin360 After briefly touching the $4,000 threshold twice over the past 24 hours, Bitcoin (BTC) is slightly down at press time. Trading at $3,971, the largest cryptocurrency has lost just 0.44 percent over the day, but still is 9.3 percent up over the past 7 days, according to CoinMarketCap. Bitcoin 24-hour price chart. Source: CoinMarketCap Ethereum (ETH), the second…

Ethereum (ETH) Breakout Past $140 Was “Real,” But Pullback Is Possible

boss

Ethereum Could Pullback After Monumental Two Weeks It goes without saying that Ethereum (ETH) has had an amazing week. As of the time of writing, the asset is sitting at a hefty $143 a pop, posting a 40% gain since February 6th. Mati Greenspan of eToro even recently argued that the asset led the Bitcoin rally seen on Sunday and Monday, which pushed BTC past $3,800/$3,900, and a mass of other cryptocurrencies above notable levels of support. But is this move real? In the eyes of CryptoMedication, also known as…

First Pension Funds Investing in Crypto — a Sign of Things to Come?

boss

Positive moves are being made for investor sentiment in the cryptocurrency space despite a year-long bear market. This comes after $40 million was raised by cryptocurrency investment firm Morgan Creek Digital, which is headed up by its founder, Anthony Pompliano. The crypto-focused hedge fund is part of Morgan Creek Capital, which manages over $1 billion in assets. While the capital raised isn’t record-breaking, the move garnered interest because a portion of the funds come from two of three benefit plans from Fairfax County’s Retirement Systems (FCRS) in the state of…

US State of Wyoming Passes Two Blockchain-Related Bills

boss

Two blockchain-related bills — on tokenization and issues with compliance — have been passed in the United States state of Wyoming on Feb. 19, according to the official website of the state legislature. As Cointelegraph reported, the bill on tokenization, House Bill 185, was introduced on Jan. 16. The bill lays the groundwork for storing so-called certificate tokens representing stocks on a blockchain “or other secure, auditable database,” and permits the digital transfer of them. The bill is sponsored by Representatives Olsen, Brown, Hunt, Lindholm, Western and Zwonitzer and Senators…