May 3, 2019

Litecoin Jumps 161% YTD and Crosses $80 on a Harry Potter Spell

May 3, 2019 boss

Litecoin, once the bitcoin’s closest rival, has beaten almost all the top crypto assets in terms of year-to-date (YTD) performance. The LTC/USD instrument has printed a 164.14 percent adjustable gains in 2019, bringing its total rebound to a total of 256 percent. Compared to other top dollar-based cryptocurrency instruments, Litecoin is only behind Binance Coin’s BNB token and Tezos’s XTZ, whose YTD performances are 292.43 percent and 177 percent, respectively. At the same time, bitcoin’s YTD performance sits at 54.80 percent. The May 3 bitcoin price rally has further improvised…

Wall Street Analyst Screams ‘Buy Bitcoin’ Before It Hits $20,000 Next Year

May 3, 2019 boss

By CCN.com: Independent research firm Fundstrat Global Advisors had accurately called bitcoin’s crash late last year when the cryptocurrency was trading at $5,500 levels, but it now believes that the bad days are over and the time to buy is here once again. When Sluymer says, you listen Fundstrat technical strategist Robert Sluymer, who had made the negative call in mid-November last year, believes that bitcoin is all set for a rally in the second half of the year as he sees bullish long-term technical trends developing. He tells clients…

Wall Street Analyst Screams ‘Buy Bitcoin’ Before It Hits $20,000 Next Year

May 3, 2019 boss

68% of Global Millionaires Already Invested or Plan to Invest in Crypto by 2022: Survey

May 3, 2019 boss

68% of global high-net-worth individuals have already invested or are planning to invest in crypto by the end of 2022, according to a survey by Dubai-based financial consultancy firm deVere Group released on May 3. DeVere group has more than $10 billion in assets under advice, with more than 80,000 clients located in more than 100 countries. More than two-thirds of global individuals whose assets’ value is equivalent or greater than 1 million British pounds (GBP) or $1.3 million, will be invested in cryptocurrencies such as bitcoin (BTC), ether (ETH),…

Credit Agricole-Backed Blockchain Settlement Startup Setl Returns After Insolvency Filing

May 3, 2019 boss

Credit Agricole-backed blockchain-based settlement startup Setl has emerged from administration, financial news outlet Finextra reports on May 3. Per the report, the United Kingdom-based startup has returned following its insolvency filing after its management bought the operating assets, the staff and the intellectual property rights of the company. As Cointelegraph previously reported, Setl filed for insolvency on March 7 with U.K. authorities. Per the March announcement, the company also appointed business advisory firm Quantuma as their independent administrator. The announcement also pointed out that the company was “seeking to place…

Cryptocurrency and Smart Contracts Will For Sure Enter Into Society, Says Senior UK Lawyer

May 3, 2019 boss

One of the United Kingdom’s most senior lawyers said in a speech on May 2 that cryptocurrency and smart contract use will inevitably begin, but regulations are needed. Addressing the University of Liverpool School of Law and the Northern Chancery Bar Association, Sir Geoffery Vos, Chancellor of the High Court, dedicated time to exploring necessary changes in order for smart contracts and crypto assets to become widespread. “My starting point is to ask why smart contracts have taken so long to become ubiquitous,” he began. Vos continued: “We have been…

Qtum Confirms Google Cloud Features Rollout to Improve User Accessibility

May 3, 2019 boss

Decentralized blockchain platform Qtum is working with Google Cloud as a software partner to increase the ease of launching native products for users, the company confirmed in a blog post on May 2. Qtum, which like the Ethereum (ETH) platform focuses on smart contracts and decentralized applications (DApps), has already released a suite of developer tools on Google Cloud, which executives hope will further uptake. “Google Cloud is the perfect partner to help us make the blockchain ecosystem simpler and more intuitive. Where launching a node was once an intensive…

Singapore Gov’t Leads Project ‘OpenCerts’ to Issue Graduate Certificates on Blockchain

May 3, 2019 boss

Students from 18 educational institutions in Singapore will receive blockchain-based digital certificates starting in 2019, local tech news agency Tech in Asia reports on May 3. The initiative is a part of a Singapore government-level project called OpenCerts, which was co-developed by the Ministry of Education (MOE), Government Technology Agency (GovTech), as well as national educational movement SkillsFuture Singapore (SSG) and higher learning institution Ngee Ann Polytechnic (NP). Powered by the Ethereum (ETH) blockchain, the OpenCerts open-source platform is expected to provide a reliable way to issue and verify certificates,…

Bitcoin-Gold Price Correlation Shows Widest Spread in Over a Year

May 3, 2019 boss

With gold on the defensive and down roughly 6 percent since mid-February, bitcoin may continue to shine brightly in the near future. After all, experts have found the two assets to be inversely correlated. The 90-day correlation coefficient between bitcoin and gold – a statistical measure of linear interdependence between the two variables – is currently seen at -0.71, the lowest level since March 20, 2019. A negative number represents an inverse relationship, i.e. meaning the two variables are moving in opposite directions, which has been the case between bitcoin…

As Gold Prices Stumble, Inverse Correlation with Bitcoin Reaches 14-Month High

May 3, 2019 boss