Day: April 10, 2019

‘Crypto is a Far Better Way to Transfer Value than Pieces of Paper’

boss

Saying that ‘paper money is going away’, Musk explained that cryptos are a far better way of transferring value as opposed to traditional money. Tesla CEO and SpaceX founder Elon Musk, who is also a prominent figure in the crypto industry, has repeatedly expressed his optimism about cryptos and stated that digital currencies would one day replace traditional money. Recently, speaking on the ARK Invest ‘FYI — For Your Innovation’ podcast, Musk has said that paper money is going away and soon it will be a thing of the past.…

Bitcoin and Ether Market Update: April 10, 2019

boss

The total crypto market cap remains flat at $180 billion since April 8 as Bitcoin dominance hovers around 50.9 percent. The top ten cryptocurrencies are seeing mixed gains for the 24-hour period with the EOS token moving 7.2 percent up. At the time of writing, bitcoin (BTC) is trading at $5,257, while ether (ETH) stands at $181 and Ripple’s XRP at $0.355 BTC/USD Bitcoin started the new week with a fourth consecutive green candle on the Bitfinex daily chart. The BTC/USD pair climbed to $5,314 on April 8 and successfully…

“We Need to Bring the Capital Back Into the Valley”

boss

It was rumbling in the beginning of February in Swiss Zug. The Crypto Valley Association (CVA) was undergoing a major reorganization. On Thursday, Jan. 31, the General Assembly of the Association elected former Swisscom manager Daniel Haudenschild as president of the CVA and the successor to Oliver Bussmann. The former CVA’s president, Oliver Bussmann, had announced last November — together with the members Vasily Suvorov, René Hüsler and Nicolas Schobinger — not to run for reelection at the General Assembly. The former SAP and UBS manager, who runs a consulting…

Blockchain Firm Digital Asset and ISDA Eye Smart Contract Use in Derivatives Trading

boss

Distributed ledger technology (DLT) provider Digital Asset is collaborating with the International Swaps and Derivatives Association (ISDA) to develop a new tool that can support the use of smart contracts for derivatives trading. The news was revealed in an ISDA press release on April 9. The two parties’ collaboration focuses on creating interoperable technical solutions that advance standardization. According to the press release, this will allow for greater automation of derivatives trade management via the use of Digital Asset’s proprietary smart contract modelling language. Specifically, they will work together to…

SEC Chairman Flags Crypto as Continued Regulatory Focus in Latest Speech

boss

The head of United States regulator the Securities and Exchange Commission (SEC) reiterated its focus on the cryptocurrency space in a new speech on April 8. Speaking at the SEC Speaks conference in Washington, chairman Jay Clayton highlighted the digital currency space while giving a broad overview of the organization’s activities and roles. Clayton chose to touch principally on instances where existing laws had been used to deal with noncompliance from crypto entities. “In the digital assets space, […] the Division of Enforcement has brought cases that demonstrate that there…

‘Bitcoin Guru’ Antonopoulos Claims Fungibility Threatens Bicoin’s Domination

boss

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The author of ”Mastering Bitcoin” and notable educator Andreas Antonopoulos has claimed bitcoin’s domination is under threat over the next few years due to privacy concerns. Design and Fungibility: important…

‘Bitcoin Guru’ Antonopoulos Claims Fungibility Threatens Bicoin’s Domination

boss

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The author of ”Mastering Bitcoin” and notable educator Andreas Antonopoulos has claimed bitcoin’s domination is under threat over the next few years due to privacy concerns. Design and Fungibility: important…

Bitcoin Showing Signs of Strength As BTC Price Targets Fresh Highs

boss

Bitcoin price is slowly moving higher towards the $5,300 and $5,360 resistances against the US Dollar. The price is placed nicely in an uptrend and it could gain strength above $5,360. Yesterday’s highlighted significant ascending channel is intact with support at $5,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains supported on dips and it is likely to trade to a new 2019 high above $5,360. Bitcoin bulls are gaining momentum above $5,200 against the US Dollar. BTC price may continue to rise…

Crypto Market Trend Remains Bullish: EOS, Bitcoin Cash, TRX, ADA Price Analysis

boss

The total crypto market cap is currently stuck in a range below the $178.5B resistance area. EOS price is gaining bullish momentum and it is up more than 5% above $5.70 today. Bitcoin cash price is likely to bounce back above $300 and $310 in the near term. Tron (TRX) price is currently consolidating gains near the $0.0300 level. Cardano (ADA) price is currently above $0.0850 and it might climb towards the $0.0900 level. The crypto market trend remains bullish, with positive moves in bitcoin (BTC) and Ethereum (ETH). EOS,…

Ripple Bulls Protecting Crucial Support But Can They Gain Momentum?

boss

Ripple price declined recently, but it managed to stay above the $0.3480 support against the US dollar. The price must stay above the $0.3480 support to avoid a downside break in the near term. There are a couple of short term bearish trend lines in place with resistance near $0.3595 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a major downside move if it settles below the $0.3480 support level in the near term. Ripple price is currently consolidating against the US…