Day: May 28, 2019

Bitcoin (BTC) Signal Flashes For First Time Since $300: Rally Inbound

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Bitcoin In Bull Run, As Per Indicators Key technical indicators are telling us that Bitcoin (BTC) is in a decisively bullish trend. As pointed out by analyst Josh Rager on Monday, the Super Guppy, an indicator meant to determine trends and key levels, on the cryptocurrency’s three-day chart has flipped green. While this sounds like a random technical event, especially due to the fact that the Guppy isn’t a mainstream indicator, Rager suggests that this confirms the ongoing bull trend. He adds that while the one-day iteration of this indicator…

Wells Fargo Strategist Throws Shade on Gold While Bitcoin Outshines All

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By CCN: Wells Fargo’s name is synonymous with gold.  Henry Wells and William Fargo launched the bank in the Wild West during the California Gold Rush, supporting both the investment in and delivery of the precious metal via its famous stagecoach. The U.S. has come a long way since the stagecoach, and bitcoin is now encroaching on gold’s store-of-value territory. Shockingly, Wells Fargo Head of Real Asset Strategy John LaForge no longer believes the precious metal is the one to own, telling Kitco: “Stocks, in the last few weeks have…

German Watchdog Warns Public About Alleged Hiring by Crypto Exchange CoinBene

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The Federal Financial Supervisory Authority (BaFin), Germany’s financial regulator, has issued a public warning about cryptocurrency exchange CoinBene on May 28. The watchdog says that CoinBene has been recruiting freelance crypto traders who get paid on commission. BaFin states that since crypto assets are financial instruments, trading them requires authorization under Germany’s Banking Act, or Kreditwesengesetz (KWG). BaFin states that CoinBene is not listed in Germany’s commercial register and has not obtained proper licensure for trading crypto assets as required by the KWG. CoinBene has previously responded to inquiries regarding…

South Korea’s Bitcoin Trading Volumes on LocalBitcoins Reach New Record Levels

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Bitcoin (BTC) trading volumes in South Korea have recently reached new levels on peer-to-peer (P2P) exchange LocalBitcoins, according to charts on BTC statistics service Coin Dance. According to the data, bitcoin weekly trading volumes have surged over the past two weeks, with the latest week recording a new high of around 219 million South-Korean won ($185,000). South Korea LocalBitcoins Weekly Trade Volumes in BTC. Source: Coin Dance Founded in Finland in 2012, LocalBitcoins offers over-the-counter trading of local currency for bitcoin and operates as a P2P trading platform. The Finnish…

Bitcoin Predictions | Jason Calacanis Goes Against Current Bull Run

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Bitcoin predictions run riot in the cryptocurrency sphere, never more so than when Bitcoin goes on a bullrun. Considering the original cryptocurrency has grown over 65% this month, it’s safe to say that it is currently on a major one. We’ve recently heard bullish calls from cryptocurrency hedge fund manager Brian Kelly. He stated that this is only the beginning of extended gains for the coin. But today, on the other side of the fence, is venture capitalist Jason Calacanis who predicts that bitcoin price will fall between $0 and $500…

Bitcoin Predictions, Calacanis Goes Against Grain With BTC Price Decline

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Bitcoin predictions run riot in the cryptocurrency sphere, never more so than when Bitcoin goes on a bullrun. Considering the original cryptocurrency has grown over 65% this month, it’s safe to say that it is currently on a major one. We’ve recently heard bullish calls from cryptocurrency hedge fund manager Brian Kelly. He stated that this is only the beginning of extended gains for the coin. But today, on the other side of the fence, is venture capitalist Jason Calacanis who predicts that bitcoin price will fall between $0 and $500…

Circulation of Facebook’s Crypto Could Face Demographic Challenges

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Facebook’s payment-focused cryptocurrency Globalcoin will face demographic challenges, according to recent research by cryptocurrency analysis firm Diar published on May 28. Facebook’s native cryptocurrency — which will purportedly seek to disrupt or bypass banking networks in order to remove financial barriers and lessen consumer costs — will reportedly launch in 2020. In its recent report, Diar suggests that the coin will face demographic challenges as the social media giant’s user base is aging. There is purportedly not enough awareness about digital currencies among the aging user base, while the small…

Russian State Tests Blockchain-Based Application for Public Administration

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The Russian state of Nizhny Novgorod is testing the use of the blockchain-based application “City N” for public administration tasks, according to a report by ForkLog on May 28. State residents will reportedly be able to file their taxes on the blockchain-based Vostok platform using the City N application. Other services of the application include the ability to verify the identity of Nizhny Novgorod residents, as well as being able to track expenditures residents have paid to the states budget via the online portal of public services Gosuslugi. Governor of…

BitMEX Operator Firm Donates to MIT to Conduct Crypto, Bitcoin-Related Research

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The owner and operator of cryptocurrency exchange BitMEX has donated to the Massachusetts Institute of Technology (MIT) to conduct cryptocurrency-related research, according to an announcement published on May 28. HDR Global Trading Limited has made a donation to the MIT Digital Currency Initiative (DCI), the objective of which is to conduct the research necessary to support the development of digital currency and blockchain technology. Specifically, the funds will be allocated to support Bitcoin Core developers Wladimir van der Laan and Cory Fields. Commenting on the sponsorship, Sam Reed, CTO of…

Dubai Government and UAE Bank Unveil Blockchain-Based Mortgage Platform

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The Dubai Land Department (DLD), the real estate arm of the Executive Council of Dubai, has partnered with UAE-based Mashreq Bank to release a blockchain-based mortgage platform, according to a report by The National on May 28. According to the report, the blockchain-based platform will act as a repository for mortgage records, as well as a way to confirm that the mortgages comply with registration policies. Additionally, the platform will accommodate on-going updates that occur after a property sale, such as recording liquidation and payment defaults or changes to the…