Day: May 16, 2019

CNBC “Experts” Expect Bitcoin (BTC) Pullback After 125% YTD Boom –

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Bitcoin Rally May Slow Soon CNBC (or its analysts anyway) suggests that Bitcoin (BTC) may soon see a pullback after a jaw-dropping six weeks, during which the asset moved from $4,200 to $8,200. In a “Futures Now” segment aired on Thursday, Anthony Grisanti of GRZ Energy suggested that Bitcoin failing to hold well above $8,000 for a serious stretch of time is not the best sign. The analyst opined that he expects a pullback, looking to an “interesting” gap between $6,870 and $6,425, which is around the level of a few…

CNBC “Experts” Expect Bitcoin (BTC) Pullback After 125% YTD Boom –

boss

Bitcoin Rally May Slow Soon CNBC (or its analysts anyway) suggests that Bitcoin (BTC) may soon see a pullback after a jaw-dropping six weeks, during which the asset moved from $4,200 to $8,200. In a “Futures Now” segment aired on Thursday, Anthony Grisanti of GRZ Energy suggested that Bitcoin failing to hold well above $8,000 for a serious stretch of time is not the best sign. The analyst opined that he expects a pullback, looking to an “interesting” gap between $6,870 and $6,425, which is around the level of a few…

Bitcoin as a Haven Asset: Investors De-Risking Portfolios Following Dovish Monetary Policies

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James Turk of Goldmoney says investors are de-risking their portfolios by pivoting away from bonds and stocks into assets like bitcoin and gold. The banking, investments, and commodities expert speaking to King World News said dovish central banks policies, a weak European banking system, and the U.S. – China trade tussle will eventually have a negative blowback on the mainstream market. Bitcoin and Gold Lead Bullish Breakout Both bitcoin and gold are enjoying renewed price resurgence since the start of April 2019. Gold is currently looking to break beyond the…

ShapeShift CEO Erik Voorhees Wants Whole World in Crypto’s Big Tent

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By CCN: With the bitcoin price trading above $8,000 once again, the mainstream financial media has once again taken an interest in cryptocurrencies. ShapeShift CEO and Founder Erik Voorhees was featured in an interview with Bloomberg where he confronted the bitcoin bubble debate and regulation. While the ecosystem is evolving since Voorhees first entered the space, as evidenced by regulators now participating in industry events, Voorhees isn’t uncomfortable with the direction in which it’s going. “I want crypto to be a big tent. I want the whole world to be…

ShapeShift CEO Erik Voorhees Wants Whole World in Crypto’s Big Tent

boss

By CCN: With the bitcoin price trading above $8,000 once again, the mainstream financial media has once again taken an interest in cryptocurrencies. ShapeShift CEO and Founder Erik Voorhees was featured in an interview with Bloomberg where he confronted the bitcoin bubble debate and regulation. While the ecosystem is evolving since Voorhees first entered the space, as evidenced by regulators now participating in industry events, Voorhees isn’t uncomfortable with the direction in which it’s going. “I want crypto to be a big tent. I want the whole world to be…

Polychain CEO Says Facebook’s Rumored Stablecoin Blockchain Should Be Public

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Polychain Capital CEO Olaf Carlson-Wee thinks Facebook would be smart to build its stablecoin on a public, open blockchain infrastructure. Carlson-Wee delivered his remarks at the Consensus 2019 panel “To the Moon and Back” on May 15. Carlson-Wee explained that the blockchain platform he is referring to is one like bitcoin’s, in which the creator relinquishes control over the platform they built. He argues that such an arrangement would be beneficial to the social media giant, saying: “I think given all the problems that Facebook has had with policing their platform…

Lightning Network Is Driving Bitcoin’s Resurgence

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By CCN: Bitcoin must have been struck by lightning – the Lightning Network. That’s what some crypto observers are saying is behind bitcoin’s price surge. As part of its blockchain Week coverage, CNBC has hosted a series of crypto players to analyze what’s going on in the suddenly-roaring industry. Bob Iaccino, the chief market strategist at Path Trading Partners, joined the discussion on Wednesday to explain what’s behind the bitcoin price doubling so far this year. Bitcoin Price Rally Spurred by Lightning Network: Futures Trader CNBC reporter Seema Mody said…

Lightning Network Is Driving Bitcoin’s Resurgence

boss

By CCN: Bitcoin must have been struck by lightning – the Lightning Network. That’s what some crypto observers are saying is behind bitcoin’s price surge. As part of its blockchain Week coverage, CNBC has hosted a series of crypto players to analyze what’s going on in the suddenly-roaring industry. Bob Iaccino, the chief market strategist at Path Trading Partners, joined the discussion on Wednesday to explain what’s behind the bitcoin price doubling so far this year. Bitcoin Price Rally Spurred by Lightning Network: Futures Trader CNBC reporter Seema Mody said…

EBay Isn’t Diving Into Crypto, Bitcoin Included, But Don’t Worry –

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eBay Denies Crypto Rumors Earlier this week, Ethereum World News reported that eBay may be delving into Bitcoin (BTC) and cryptocurrency. This was due to the fact that at Consensus, the leading crypto & blockchain event that is run by CoinDesk, the online marketplace giant was a primary sponsor of the event and had advertisements all over the venue. What was even more convincing was the words that were plastered on said ads. One said “Virtual currencies. It’s happening on eBay”, while others mentioned digital collectibles among other topics pertinent…