Day: June 13, 2019

‘Moonshot’ Bakkt Inches Closer to Launch with July Bitcoin Futures Testing

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By CCN Markets: One of the major catalysts expected for the bitcoin price in 2019 is closer to becoming a reality. Bakkt, a bitcoin futures exchange owned by NYSE parent company ICE, will begin testing bitcoin futures trading next month. The regulated exchange made the announcement via a Medium blog post, and you could almost feel the crypto community breathing a collective sigh of relief. Bakkt execs stated: “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and…

‘Moonshot’ Bakkt Inches Closer to Launch with July Bitcoin Futures Testing

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By CCN Markets: One of the major catalysts expected for the bitcoin price in 2019 is closer to becoming a reality. Bakkt, a bitcoin futures exchange owned by NYSE parent company ICE, will begin testing bitcoin futures trading next month. The regulated exchange made the announcement via a Medium blog post, and you could almost feel the crypto community breathing a collective sigh of relief. Bakkt execs stated: “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and…

Ripple’s Expansion Strategic, xRapid Adoption Pivotal

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Ripple (XRP) prices constant Luiz Antonio Sacco will lead Ripple’s ambitions in South America As part of their expansion plans in South America, Ripple is acquiring the services of Luiz Antonio Sacco. He will spearhead their initiative, implementing Ripple’s strategy. XRP is stable at press time, adding a paltry 1.4 percent in 24 hours. Ripple Price Analysis Fundamentals Employing XRP as a facilitator, xRapid does two things. First, it lowers transaction costs while simultaneously hastening settlement. Secondly, it eliminates intermediaries like banks. The reason for this is because of xRapid’s…

This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

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By CCN Markets: Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency.  And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method. But it’s slowly changing. As more money flows into bitcoin, it’s becoming less volatile. And that means it’s becoming better money. Extreme daily bitcoin price movements are much rarer than in the past. | Source: Fernando Nieto As you can see, the graph shows extreme daily price movements are…

This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

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By CCN Markets: Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency.  And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method. But it’s slowly changing. As more money flows into bitcoin, it’s becoming less volatile. And that means it’s becoming better money. Extreme daily bitcoin price movements are much rarer than in the past. | Source: Fernando Nieto As you can see, the graph shows extreme daily price movements are…

Italy Taxing Safety Deposits Could Be Bullish For Bitcoin

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Photo: Pixabay Italian government decided to pull some moves to place levy on all valuables kept in safety deposit boxes in banks within the country. Deputy Prime Minister Matteo Salvini said that this is the money that is substantially hidden from the tax authorities and that those who voluntarily declared their deposit-box holdings would be taxed at a low rate of about 15 percent. It, however, implies that the government has some ordained right to know what the Italian people as individuals have managed to save. Salvini also stated that…

Bitcoin Holders’ Profits Equal that of Coinbase’s Accredited Investors

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Bitcoin has returned an equal amount of profits to retail investors than a cryptocurrency startup has delivered to its accredited investors in the past five years. The world’s largest cryptocurrency in early May closed above $5,000, which roughly brought its return-on-investment (ROI) up by 40,000 percent since early 2013. In the same time frame, Coinbase, one of the world’s leading cryptocurrency exchanges, swelled its Series A funding of $6.1 million to roughly $8 billion, also noting a 40,000 percent jump. Bitcoin Price Briefly Surged By Over 40,000% Between Early Q1…

National Fisheries Institute and IBM’s Food Trust Work on Seafood Blockchain Traceability

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United States seafood trade association National Fisheries Institute (NFI) is working with IBM’s blockchain supply chain solution Food Trust to trace seafood, food-related news outlet FoodOnline reports on June 11. Per the report, this is the first effort to track multiple seafood species jointly pursued by multiple companies. Furthermore, NFI members representing harvesters, importers, processors, cold storage, foodservice restaurants and retail are all reportedly involved in the program. The project is purportedly funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O’Scannlain commented on the development: “Traceability is…

Google Trends Bitcoin Searches, a Key Price Indicator, Turn Mega Bullish

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By CCN Markets: On June 7, Coin Street News (@CoinStreetNews) shared a chart on Twitter that could have serious implications on bitcoin’s price action. The account specializes in technical analysis of cryptocurrencies and other assets. They posted a Google Trends chart and revealed that “there are more people searching ‘bitcoin’ now than during the 2013 bubble.” The tweet also noted that the year-over-year data for the search term “bitcoin” has gone up for the first time in the past year. Coin Street News noted the significant rise in the search…

Circle and Coinbase Invite More Members to Consortium Behind US Dollar Coin

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Goldman Sachs-backed crypto startup Circle and crypto exchange and wallet service Coinbase are expanding their consortium behind USD coin (USDC), according to a blog post on June 13. The Centre consortium acts as a platform for deposits and fiat conversions for Circle’s own cryptocurrency, a United States dollar-backed digital token. Having launched USD coin back in September 2018, Circle has now announced that Centre is opening up for more members and industry participation. In the post, Centre wrote that Circle and Coinbase have been working to create and establish its…