Day: August 26, 2019

Bitcoin Set to Retain Its Five-Figure Valuation: DeVere CEO

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It is usual for bitcoin to retain its five-figure valuation, says the founder of a $12 billion financial advisory organizations. DeVere CEO Nigel Green on Monday said that bitcoin had located a local bottom at $10,000, stating that the cryptocurrency has lingered around the same level for many times this year. But it has bounced back every time, which indicates that traders do not want to push it below $10,000 for far too long. Excerpts from Green’s statement: “Looking at its performance this year, I believe that the new normal…

Bitcoin’s Price New Bottom is $10,000, Says DeVere CEO Nigel Green

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Nigel Green made some comments regards Bitcoin‘s price earlier this month as BTC makes a small jump in price hitting $10,300 levels. In general, he said that $10,000 is the new normal bottom for Bitcoin and that it soon can be expected to reach $15,000 for four reasons he elaborated on. In early 2018, deVere Group launched its crypto-related wing of the company called deVere Crypto. While Bitcoin now sits at $10,342 after a near 2% daily increase, Mr. Green notes: “Looking at its performance this year, I believe that…

Bitcoin’s Price New Bottom is $10,000, Says DeVere CEO Nigel Green

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Nigel Green, the CEO and co-founder of deVere Group, which is one of the world’s largest independent financial advisory organizations, predicted that Bitcoin price could hit $15,000 and that its new normal bottom is $10,000. Nigel Green made some comments regards Bitcoin‘s price earlier this month as BTC makes a small jump in price hitting $10,300 levels. In general, he said that $10,000 is the new normal bottom for Bitcoin and that it soon can be expected to reach $15,000 for four reasons he elaborated on. In early 2018, deVere…

Binance CEO Denies Having Links with Ponzi Firms |

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Millions of cryptocurrency investors have fallen victim to a growing number of multilevel marketing scams over the recent years. In 2018, victims lost about $1.7 billion to companies that falsely promised to multiply their capital within a short period. The criminals used plenty of old-school and new tricks to lure investors into purchasing worthless cryptocurrencies. One of such methods were to attach the scam with a reputable entity, such as a firm, to gain investors’ trust. As it seems, Binance, the world’s largest cryptocurrency exchange, involuntarily became a tool to…

Binance Unveils Its First Crypto Lending Service Launching This Month

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Major crypto exchange Binance will launch its first crypto lending product on Aug. 28, 2019. According to an official announcement on Aug. 26, holders of Binance coin (BNB), Ethereum Classic (ETC) and Tether (USDT) will be able to lend their assets and earn interest through Binance’s new service called Binance Lending. The services will be available for subscription from Aug. 28 till Aug. 29, Binance noted in the announcement. Lending products will have an initial 14-day period. BNB will have the highest annualized interest rate of 15% while the rates…

Australian Securities Exchange Confirms It’ll Go Blockchain in 2021

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The Australian Securities Exchange (ASX) has made new partners to apply blockchain to its registry, settlement and clearing systems (CHESS) in 2021. VMware and Digital Asset step in The ASX confirmed its anticipation of delivering the CHESS replacement system by 2021, following a new agreement with NYSE-listed tech firm VMware and Digital Asset Holding (DA), according to a press release published on Aug. 26. According to the report, the ASX has signed a three-party memorandum of understanding (MoU) with the firms to collaborate on blockchain projects in Australia and New…

90% of Bitcoin Usage is Speculation — 10% Transactions, Says Luno CEO

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Marcus Swanepoel, CEO of cryptocurrency exchange Luno, says that most of its users use Bitcoin (BTC) as an instrument for investing and speculating. Transacting, however, comprises a small share of the cryptocurrency’s use cases, he explains.  Bitcoin usage: 90% digital gold, 10% digital cash Swanepoel said during an interview with CNBC published on Aug. 26, that only a small portion of its users buy Bitcoin only then to use it for transactions. Meanwhile, nearly all are either investors or speculators. He explained:  “Roughly about 90% I would put into the…

Is Bitcoin Protected as Speech Under the 1st Amendment? Experts Answer

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There is a concept that exists in the crypto space that effectively states: Bitcoin (BTC) is code, code is speech and speech is protected under United States law. We asked legal experts in digital rights, the First Amendment and crypto to comment on the statement.  The claims are based on arguments from before the days of Bitcoin, which posit software as free speech, and thus state that it should be protected by the First Amendment of the U.S. constitution. The topic was evidently first brought to public attention back in…

Top Pro Athletes Including Messi Can Earn More if Paid in Bitcoin

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Research by Messari has revealed that the top pro athletes and sports personnel can earn more if they are paid in Bitcoin which would result in rapid crypto mass adoption. One Los Angeles Chargers NFL player, Russell Okung, is pushing relentlessly for the league to adopt Bitcoin. He wants the payments for the players’ multi-million-dollar salaries to be disbursed in BTC. Currently, he seems to be football’s biggest Bitcoin advocate. He undoubtedly is bringing attention to crypto across most professional sports. Okung will host a Bitcoin event in September to…

Youngest Bitcoin Millionaire Erik Finman Invests in the Cryptocurrency Metal (MTL)

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When the 12-year-old Erik Finman bought $1,000 worth of Bitcoin(BTC)trade in the summer of 2011, he was confident that he could turn this $1,000 into a million. By 2017, his vision proved to be true as he became a millionaire. After becoming the youngest Bitcoin millionaire, Finman explored different avenues after declaring that Bitcoin is dead, including launching a satellite filled with Earth’s pop culture memorabilia in space, and now he is venturing out even further by spending all his Bitcoin holdings on a cryptocurrency launched in 2017, Metal (MTL).…