Day: August 30, 2019

Agorism and Bitcoin: Free People Don’t Ask Maxine Waters for Permission

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Anti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week. The sustained reservations echo the message of July’s open letter from the House of Representatives to Facebook, calling for a halt on Libra’s ongoing development. While many view regulation and careful legislative feet-dragging a troublesome necessity for crypto mainstreaming, agorists, anarchists, and other free marketeers see a critical problem: the tech is already here, and how we use it in non-violence is nobody…

Agorism and Bitcoin: Free People Don’t Ask Maxine Waters for Permission

boss

Anti-agorism Congressional Representative Maxine Waters still has misgivings about Facebook’s proposed Libra digital currency, even after meeting with Swiss government officials to discuss the tech last week. The sustained reservations echo the message of July’s open letter from the House of Representatives to Facebook, calling for a halt on Libra’s ongoing development. While many view regulation and careful legislative feet-dragging a troublesome necessity for crypto mainstreaming, agorists, anarchists, and other free marketeers see a critical problem: the tech is already here, and how we use it in non-violence is nobody…

Billionaire Alan Howard Eyes $1 Billion Crypto Fund Management Venture

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Elwood Asset Management — owned by British billionaire and Brevan Howard founder Alan Howard — is planning a $1 billion venture into the crypto hedge fund space. The Financial Times (FT) reported on Aug. 30 that the asset manager is developing a platform that would tailor portfolios of cryptocurrency funds for institutional investors. Weeding out the crypto hedge fund space Elwood Asset Management CEO Bin Ren told the FT that the venture will aim to steer investors towards a selection of vetted crypto funds that have passed robust due diligence…

Securities Exchange MERJ Plans ‘World’s First’ Security Token IPO

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Seychelles-based securities exchange MERJ — which listed the first regulated security token on a national stock market — plans to distribute its equity to Europe via a partnership with blockchain service provider Globacap. A Globacap press release published on Aug. 29 revealed that MERJ now plans an initial public offering (IPO) to distribute company equity in the form of equity-security tokens.  Global first: an IPO of security tokens The IPO, planned for next month, will be offering 16% of the company’s share capital. 8.7 million of MERJ’s shares are listed…

US-China Trade War Driving Retail Investors to Bitcoin, Says EToro

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Financial analysts say a growing number of retail investors are betting on Bitcoin (BTC) as a hedge against macroeconomic turbulence during the protracted United States-China trade war. The London Economic reported the news on Aug. 29, citing data from eToro, a United Kingdom-based multi-asset investment platform and social network. Correlated uptick in Bitcoin, gold positions EToro’s data reveals a correlated uptick of positions in both Bitcoin and gold on its platform following news announcements of escalating trade tensions between the U.S. and China.   While gold has long been regarded as…

Japan’s Coincheck Crypto Exchange Reduces Leverage by 20%

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Japanese cryptocurrency exchange Coincheck has announced it is reducing the scope of its leveraged trading options to comply with local rules. In a blog post on Aug. 30, officials said they were reducing the size of leverage available for margin traders from five times to four times. Coincheck plans Oct. 31 changes The move has come in direct response to best practices put forward by the Japan Virtual Currency Exchange Association — or JVCEA — the dedicated self-regulatory body for the Japanese exchange industry. The changes should take effect from…

Cryptocurrencies : Past Their Prime of Full of Potential?

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Are cryptocurrencies past their prime, or is their still a lot of room for growth? As someone who was a bit late to the party of adopting crytpos, this is a question that I frequently ask myself. I am sure that each of us has an intuitive hunch that cryptos have a bright future ahead of them, but today I want to use Industry Lifecycle Theory to justify why I am optimistic about cryptocurrency.  Industry Lifecycle is the term that business analysts use to describe the introduction, adoption, and eventual…

DLT Platform Hedera Hashgraph’s Open Beta Test to Start in September

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Hedera Hashgraph, a distributed ledger technology (DLT) platform, announced that it will offer open access to its mainnet beta starting Sept. 16. According to Hedera Hashgraph’s official blog post published on Aug. 29, the open access beta test will be a period of free public access, during which developers will be able to build decentralized applications, also known as DApps, on the platform. Open access beta features Hedera’s network will reportedly offer three services during the beta testing period: cryptocurrency, smart contracts and file services. It is noted that crypto…

Crypto Project Decred Adds Privacy Features to Its Coin

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On Aug. 28, cryptocurrency project Decred announced that it is adding a few new privacy-focused features to its cryptocurrency DCR. According to Decred’s official blog, the goal of these new features is to be “simple, adaptable, and creative.” The post explains: “Decred has implemented a variant of CoinShuffle++ in its wallet. Although it is possible to perform this process in an entirely peer-to-peer (“P2P”) fashion, that overlooks constraints that come from routing over the public internet, so we have created both a server, csppserver, and integrated the client into dcrwallet.…

Bitcoin Price (BTC) In Higher Degree Downtrend Below $10K

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Bitcoin price extended its decline and traded towards the $9,300 level against the US Dollar. The price is currently correcting higher, but it is likely to struggle near $9,600 and $9,760. There is a short term breakout pattern forming with resistance near $9,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to resume its decline after a short term correction towards $9,760 or $9,800. Bitcoin price is trading in a higher degree downtrend below $10,000 against the US Dollar. BTC remains at…