Day: May 9, 2019

Bitcoin (BTC) Dominance Jump after Price Spike, Analysts Cautious

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Bitcoin (BTC) up above $6,000 adding 12.4 percent Divergence in volumes despite strong fundamentals Analysts are throwing caution to wind warning investors that prices may correct lower in days ahead. All the same, Bitcoin (BTC) bulls are firm, trading above $6,000, rejecting lower lows and up 12.4 percent in the last week. Bitcoin Price Analysis Fundamentals After a long, dilapidating winter, bulls are back, and to that end, it is a new milestone for the world’s most valuable coin. Although there are different sentiments on matters price, it evident that…

Morgan Creek’s Mark Yusko Explains His $400,000 Bitcoin Price Prediction

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Bitcoin’s gradually developing infrastructure could send its value to $400,000, according to Mark Yusko. The Morgan Creek Capital Founder told BloxLive TV that the world’s largest cryptocurrency was perhaps a decade away from becoming a Digital Gold. He explained that Bitcoin was gaining adoption in similar ways the yellow metal did over the gone centuries. But the cryptocurrency was few steps ahead Gold in terms of use cases. Excerpts from Yusko’s statement: “Bitcoin is much easier to transport. It is much easier to divide. It is tough to break a bar…

Morgan Creek’s Mark Yusko Explains His $400,000 Bitcoin Price Prediction

boss

Bitcoin’s gradually developing infrastructure could send its value to $400,000, according to Mark Yusko. The Morgan Creek Capital Founder told BloxLive TV that the world’s largest cryptocurrency was perhaps a decade away from becoming a Digital Gold. He explained that Bitcoin was gaining adoption in similar ways the yellow metal did over the gone centuries. But the cryptocurrency was few steps ahead Gold in terms of use cases. Excerpts from Yusko’s statement: “Bitcoin is much easier to transport. It is much easier to divide. It is tough to break a bar…

Cryptos Are Not Currencies, They Are Very Risky Assets

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European Central Bank (ECB) president Mario Draghi said that cryptocurrencies are not real currencies during the ECB Youth Dialogue meeting with the winners of the Generation €uro Students’ Award, as Cointelegraph Italia reported on May 9. During the meeting, Draghi answered a question about cryptocurrencies asked by one of the winners of the award: “Cryptocurrencies or bitcoins, or anything like that, are not really currencies — they are assets. A euro is a euro — today, tomorrow, in a month — it’s always a euro. And the ECB is behind…

Facebook lifts Crypto Ad Ban, One Year after the Social Media Giant Banned all Ads Related to Blockchain and Cryptocurrencies

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Bitcoin $6,031.00 Rank1 SymbolBTC Price$6,031.00 Changes 24h 2.02% Total Volume17,002,088,560.00 Market Cap106,694,209,105.00 Circulating Supply17,691,062.00 XRP $0.297 Rank3 SymbolXRP Price$0.297 Changes 24h -0.75% Total Volume880,896,468.00 Market Cap12,500,095,880.00 Circulating Supply42,133,310,721.00 Ethereum $168.08 Rank2 SymbolETH Price$168.08 Changes 24h -0.68% Total Volume6,916,562,443.00 Market Cap17,817,657,168.00 Circulating Supply105,997,939.81 EOS $4.81 Rank5 SymbolEOS Price$4.81 Changes 24h -1.37% Total Volume1,993,698,485.00 Market Cap5,014,058,353.00 Circulating Supply1,042,498,602.16 Stellar $0.091 Rank10 SymbolXLM Price$0.091 Changes 24h -2.84% Total Volume204,490,514.00 Market Cap1,742,599,240.00 Circulating Supply19,162,821,380.44 Tether $0.998 Rank8 SymbolUSDT Price$0.998 Changes 24h 0.338% Total Volume17,921,298,261.00 Market Cap2,052,859,352.00 Circulating Supply2,057,371,745.62 Bitcoin Cash $282.42 Rank4 SymbolBCH Price$282.42…

Here’s Why Bitcoin Price is Looking at an Eye-Popping Bull Run

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Hackers stole $40 million worth of bitcoin from one of the largest cryptocurrency exchanges; the New York Attorney General sued a bitcoin exchange for allegedly hiding its insolvency; the Chinese government hinted that it would ban bitcoin mining operations. But none of these adverse events could stop the cryptocurrency from rising above $6,000. The BTC/USD instrument on Thursday reached its 2019 high towards $6,096, its highest in 2019. The price action helped the pair reclaim a psychological target at $6,000 which had a strong probability of deflecting the bitcoin uptrend.…

Liechtenstein’s Government Passes New Regulation Concerning Blockchain and Tokens

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The government of Liechtenstein announced that it has passed new tokenization, virtual asset service provider and blockchain regulation in a press release published on May 8. Per the release, the new Token and VT Service Providers Act, passed on May 7, aims to improve investor protection, combat money laundering and establish clarity. The announcement also cites tokenized securities and how digital token systems can be used to tokenize real-world assets. The new law reportedly regulates “transaction systems based on trust technologies,” instead of explicitly referring to blockchain, to make sure…

Overstock’s Revenue Decreases 17% in Q1 2019 From Q1 2018 Due to Decline in Sales

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Online retail giant and major crypto industry disruptor Overstock.com has seen a 17% decrease in revenue in Q1 2019 from Q1 2018, the firm’s CEO Patrick Byrne revealed in the latest quarterly report released on May 9. Overstock’s total net revenue reportedly decreased from $445 million in Q1 2018 to $367 million in Q1 2019, as the company saw a sufficient decline in sales and marketing expenses as part of their effort to bring back retail profitability. Following a major shift in retail strategy with a large increase in sales…

Swiss Post Partners With Blockchain Startup on Temperature Monitoring Shipments Solution

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Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum to further develop a temperature monitoring solution for shipments. The news was reported by Swiss logistics news site Die Post on May 7. Die Post reports that Swiss Post has cooperated with Modum, a blockchain and Internet of Things (IoT) technology firm, as a technology partner to launch a smart service. Dubbed ThermoCare, the service is for monitoring the temperature of packages, enabling sensitive goods to be tracked, analyzed and recorded over the full course of their travel…

3 Reasons Bitcoin Price Will Sprint Beyond 2019-High $6,000

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By CCN: The bitcoin price on Thursday broke above $6,000, a psychological level, to establish a fresh 2019 high. The bitcoin-to-dollar exchange rate settled an intraday peak towards $6098.21, bringing its best year-to-date performance to 64-percent. The asset’s upside sentiment against the dollar, as well as other leading cryptocurrencies, further pushed its dominance upward to 57-percent, its highest since December 4, 2017. Meanwhile, it’s market capitalization jumped above $107 billion but was still down its historical high of $327.15 billion recorded on December 17, 2017. BITCOIN PRICE IS HOLDING SUPPORT AT…