Day: June 25, 2019

This One Chart Exposes Bitcoin’s Nakedly Bullish Potential

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Cryptocurrency investors have long harped on the myriad similarities between bitcoin and gold. At a basic level, the two assets are considered as vehicles for the storage of value. Additionally, both are interchangeable and divisible. Most importantly, bitcoin and gold have limited supply; a property that makes both assets attractive to investors and speculators. Recently, a popular cryptocurrency trader revealed a far more striking similarity between the two assets, a similarity that derives purely from human psychology and bodes insanely well for the current bitcoin price boom. This Gold Price…

Facebook’s Libra May Need Banking License

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Bank of France Governor Francois Villeroy de Galhau said that Facebook’s Libra stablecoin must comply with anti-money laundering regulation and seek banking licenses if it offers banking services, Reuters reports on June 25. Per the report, while Villeroy admitted during an interview with French magazine l’Obs that there was room to improve cross-border money transfers. He also pointed out that Facebook’s libra project has to comply existing banking regulation because “the risks are increased by the anonymity that Libra users would have.”  Villeroy also touched on possible requirements for a…

Kraken’s Closes $13M Funding Round Boosting Company Valuation to $4B

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Kraken completed its crowdfunding round with $13,5 million raised. That way, Kraken pushed the company valuation towards $4 billion. Kraken, which is a regulated spot and futures crypto exchange, recently closed it’s funding round on an investment platform Bnk To The Future with a little more than $13,5 million raised. This turned out to be the most successful funding round on Bnk To The Future with more than 2,200 participants joining. Simon Dixon, the co-founder of Bnk To The Future told that Kraken sought the capital as a way to…

Kraken’s Closes $13M Funding Round Boosting Company Valuation to $4B

boss

Kraken, which is a regulated spot and futures crypto exchange, recently closed it’s funding round on an investment platform Bnk To The Future with a little more than $13,5 million raised. This turned out to be the most successful funding round on Bnk To The Future with more than 2,200 participants joining. Simon Dixon, the co-founder of Bnk To The Future told that Kraken sought the capital as a way to push its valuation past the $4 billion mark and fund new acquisitions. For this funding round, Bnk To The…

Here’s Why Bitcoin Price Will Smash $100k Before 2022: Fund Manager

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The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital. If his prediction is correct, bitcoin would hit a $2 trillion market capitalization. That’s about a third of gold’s current market cap and 1/40 of the worldwide money supply. ‘Pomp’ cites a 70-75 percent conviction in his prediction. “I believe that Bitcoin will reach a $100,000 price point before December 31, 2021. My current confidence level of this happening is…

Here’s Why Bitcoin Price Will Smash $100k Before 2022: Fund Manager

boss

The bitcoin price will soar to $100,000 in the next two and a half years. That’s the aggressive price target from Anthony Pompliano, co-founder and partner at Morgan Creek Digital. If his prediction is correct, bitcoin would hit a $2 trillion market capitalization. That’s about a third of gold’s current market cap and 1/40 of the worldwide money supply. ‘Pomp’ cites a 70-75 percent conviction in his prediction. “I believe that Bitcoin will reach a $100,000 price point before December 31, 2021. My current confidence level of this happening is…

Bitcoin Breaks $200 Billion Market Cap, Analysts Set ‘$100,000’ Price Target

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On June 25, Bitcoin (BTC) set a new 15-month record high price and it seems that this largest cryptocurrency does not have an intention to stop its growth. At the time of writing its price was up 4.05% to $11,326.06. For the first time in 17 months, the pair is traded on those levels. Remind you, the same value happened in the first week of March 2018, before a protracted bear market set in, which took Bitcoin to lows of $3130. The latest surge continues the long-awaited upward trend that…

Bitcoin Breaks $200 Billion Market Cap, Analysts Set ‘$100,000’ Price Target

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Bitcoin price gained a further 6% over the last 24-hour trading period, hitting $11,350 pushing the wider cryptocurrency market higher. Mosts analysts agree that Bitcoin is taking “aim” at $100,000. On June 25, Bitcoin (BTC) set a new 15-month record high price and it seems that this largest cryptocurrency does not have an intention to stop its growth. At the time of writing its price was up 4.05% to $11,326.06. For the first time in 17 months, the pair is traded on those levels. Remind you, the same value happened…

JPMorgan Will Pilot ‘JPM Coin’ Stablecoin by End of 2019: Report

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The United States’ largest bank, JPMorgan Chase (JPM), is expecting to pilot its own cryptocurrency JPM Coin by the end of 2019, according to a Bloomberg report on June 25. Umar Farooq, head of digital treasury services and blockchain at JPMorgan, has revealed the company’s intention to launch pilot testing of JPM Coin with selected clients “around the end of the year” in case if relevant regulators approve the bank to do so. According to Farooq, JPMorgan has seen an increased interest from global customers in the potential benefits of…

Who Are ICON P-Reps and Should You Become One?

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Delegated Proof-of-Stake (DPoS) platforms are becoming the new norm in the cryptocurrency space, steadily pushing out their Proof-of-Work (PoW) predecessors. The reasons for that are quite evident. First, DPoS appears to be much more sustainable as a model: instead of relying on the loud, energy-consuming process of mining, it utilizes an algorithm that involves validators — network participants — and their “stake”. This is how it works: validators put down a deposit in the form of cryptocurrency (stake). In return, they get the ability to add blocks to the blockchain…