Bitcoin prices up 10.1 percent in the last week. Jesse Lund projects Bitcoin value to hit $1 million in ten years Transaction volumes increase in the last three weeks Jesse Lund is optimistic of future Bitcoin prices valuing the coin at $1 million. Cementing his optimism is increasing adoption which he says draws value and hence the huge valuation. Before $1 million, Bitcoin (BTC) must first breach $4,500 with decent volumes. Bitcoin Price Analysis Fundamentals The creation of Bitcoin was monumental. It will continue to be as long as the…
Day: February 22, 2019
Here Are 3 Reasons Why Copy Trading Strategies from Other Traders Makes Sense
Profit without the usual trading chaos as a social trader We all have to start somewhere, and trading is not an exception. Nevertheless, amateur traders with little to no previous trading experience have to master trading techniques and strategies on their own, which involves a great deal of risk. As a newcomer, you have to be really tough in order to bear the burden of analyzing news and market trends on a daily basis, to say nothing of learning to use advanced charting tools and following market signals. All…
Bitcoin Hits $4K for the Fourth Time in 2019, Stocks Jump Amid US–China Trade Talks
Feb. 22 — following some red signals yesterday, crypto markets have continued to rise, with all top 20 coins up today, according to CoinMarketCap. Market visualization from Coin360 Bitcoin (BTC), the biggest cryptocurrency accounting for around 52 percent of crypto market, has again briefly broke $4,000 point for the fourth time this month, according to CoinMarketCap. At press time, Bitcoin is up around 1 percent, and is trading at $3,987. The oldest cryptocurrency is up almost 10 percent over the past 7 days. Bitcoin 7-day price chart. Source: CoinMarketCap The…
Ethereum (ETH) Possible March to $250, Up 22 Percent
Ethereum prices up 22 percent from last week’s close Andreas M. Antonopoulos warns of technical community in-fighting Transaction volumes on the rise, likely to propel prices above $170 Andreas M. Antonopoulos is against the toxicity within Ethereum’s developer community. He says this can cause fragmentation and slow down Ethereum (ETH) bulls that are up 22 percent in the last week. Ethereum Price Analysis Fundamentals Open source, public blockchains do symbolize decentralization. As attractive as they may be, they can be a source of fragmentation in an otherwise stable platform. We…
Nebulas could be the Future of Improving The Efficiency of Blockchain Upgrades
On Jan 18, 2019, the core developers of Ethereum (ETH) announced, once again, to postpone the activation of the Constantinople upgrade via network hard fork. This is the third time that the upgrade has been postponed. The developers announced they are planning to ‘try again’ in late February – with the new upgrade block height set at 7,280,000. advertisement The blockchain industry has noticed that the ability to upgrade the network seems to be one of the biggest challenges to a distributed system and has now become a key pain point…
Thai Parliament Approves Amendments Allowing Issuance of Tokenized Securities
Thailand’s National Legislative Assembly has officially allowed the issuance of tokenized securities on blockchain, major newspaper The Bangkok Post reports on Friday, Feb. 22. The government will amend the Securities and Exchange Act, according to the article. As soon as the changes come into effect later in 2019, tokenized securities such as stocks and bonds can be officially issued on blockchain. The Thai Securities and Exchange Commission (Thai SEC) will issue additional rules so that crypto platforms can seek a securities depository license. According to Thai SEC deputy secretary Tipsuda…
Bitcoin Could Swell To $1.5 Million If It Absorbs All Fiat and Gold Holdings
Bitcoin (BTC) was built to be an alternative to the traditional of finance. While Satoshi Nakamoto, the creator of the cryptocurrency, never explicitly made such a comment, many have come to understand this underlying raison d’etre. Former Blockchain.com product manager Dan Held, for instance, once issued an extensive 47-part thread on Twitter to claim that Satoshi meant to build a new backbone fo the financial system, rather than a peer-to-peer digital cash system in and of itself. While the crypto godfather’s dream has yet to come to fruition, some are convinced…
Reddit Co-founder Says Crypto Winter Erased Speculators, Gave Space to Real Builders
Alexis Ohanian, co-founder of Reddit and known crypto bull, claimed that the crypto hype is gone, leaving space for true crypto believers. Ohanian spoke on the subject in an interview with Yahoo Finance released on Feb. 22. When asked if he is still a big believer in crypto, Ohanian acknowledged that the current state of the market is undoubtedly still considered to be a crypto winter, which means crypto prices are depressed. However, citing Coinbase CEO Brian Armstrong, Ohanian emphasized that the bear market has contributed to the elimination of…
2019 is the Year of Institutions
“Crypto is currently regarded as a distinct type of technology by entrepreneurs, funding sources, and developers. By creating a separate fund, AH hopes [to put itself in a better position] within this community that would be the case by continuing to invest through its general IT funds.” Traditional Funds and Crypto The University of Michigan’s investment comes amidst growing speculation about institutional investments in the cryptocurrency space. Earlier this week, two Virginia pension funds invested undisclosed sums into Morgan Creek Digital’s $40 million venture fund. The same fund also attracted investment…
Central Bank Digital Currencies Too Attractive to Ignore
The idea of issuing a central bank digital currency (CBDC) is too attractive to ignore, a postdoctoral researcher from the University of Luxembourg wrote in a study. The research was shared by the Oxford Business Law Blog on Friday, Feb. 22. Hossein Nabilou, a postdoctoral researcher at the Faculty of Law, Economics, and Finance of the University of Luxembourg, presented his findings in a study entitled “Central Bank Digital Currencies: Preliminary Legal Observations.” The report focused on potential challenges that launching a CBDC might cause for the European Central Bank…