Day: September 4, 2019

VanEck’s Bitcoin Product is Damn Bullish for BTC

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The price of bitcoin surged by $5,000 on April 2, a 23 percent jump that many believe was sparked by an article published on April Fool’s Day. Its title was “SEC drops the Bomb: Approves Bitcoin ETFs.” ETFs, a backronym for Exchange-Traded Funds, have lately caught up with the imagination of cryptocurrency investors. To them, mingling a non-sovereign asset like bitcoin with an institutional product such as an ETF creates a best-of-both-world scenario for an emerging cryptocurrency market. What happened a day after the April Fool’s day, to many, was…

VanEck’s Bitcoin Product is Damn Bullish for BTC

boss

The price of bitcoin surged by $5,000 on April 2, a 23 percent jump that many believe was sparked by an article published on April Fool’s Day. Its title was “SEC drops the Bomb: Approves Bitcoin ETFs.” ETFs, a backronym for Exchange-Traded Funds, have lately caught up with the imagination of cryptocurrency investors. To them, mingling a non-sovereign asset like bitcoin with an institutional product such as an ETF creates a best-of-both-world scenario for an emerging cryptocurrency market. What happened a day after the April Fool’s day, to many, was…

Marshall Islands Official Explains National Crypto With Fixed Supply

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An official from the Marshall Islands has published an essay explaining the country’s national cryptocurrency project ahead of the Invest: Asia 2019 conference. The issuance of the Marshallese sovereign (SOV) was discussed in an essay by The Honorable David Paul — Minister In-Assistance to the President and Environment of the Marshall Islands — published by Coindesk on Sept. 4. “Connected to the global financial system on its own terms”   The Marshall Islands had passed a Sovereign Currency Act in 2018, declaring its intent to release its new national digital currency.…

Marshall Islands Launches National Crypto With ‘Fixed Supply’

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The Marshall Islands has issued a national blockchain-based currency in a bid to “finally acquire monetary independence in a way that reflects Marshallese values.” The issuance of the Marshallese sovereign (SOV) was announced in an essay by The Honorable David Paul — Minister In-Assistance to the President and Environment of the Marshall Islands — published by Coindesk on Sept. 4. “Connected to the global financial system on its own terms”   The Marshall Islands had passed a Sovereign Currency Act in 2018, declaring its intent to release its new national digital…

Binance Buys Crypto Derivatives Exchange JEX to Enter the Futures Market

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Binance has published an announcement on September 2nd, disclosing the acquisition of the little-known crypto derivatives platform JEX. One of the world’s largest crypto exchanges and trading platforms is planning to step into the derivative market and JEX might open the doors of crypto futures and options markets for Binance. Binance has also been working on the development of its native derivative platform. It will allow the clients to trade on the JEX platform as well as the one it develops to compare the various aspects of both of these…

Bitcoin Network Hash Rate Approaching 90 Quintillion Hashes Per Second

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The Bitcoin Network hash rate is currently on the path to reaching 90 quintillion hashes per second. Bitcoin’s computing potential has been increasing steadily since a massive decline at the back end of 2018 during the Bitcoin Cash “hash war.” Also, some commentators predict that the BTC price will soon respond positively to increasingly positive developments in the network fundamentals. Bitcoin Network Computing Potential Surges 25 Percent Data from Blockchain.com shows the current Bitcoin Network hash rate at 87.8 quintillion hashes per second (87.8 million terahashes per second — TH/s).…

3 Charts Reveal Perfect Storm for Thunderous Bitcoin Rally – CCN Markets

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Bitcoin has had a volatile year and the clouds are gathering for stormy end to 2019. | Source: Shutterstock Too many people focus on bitcoin’s wild highs and fluctuating daily price. A better metric to look at is the monthly low points. By tracking the lows, you see the steady accumulation of bitcoin. This is the foundation of the market and it’s getting stronger. The chart below tracks the bitcoin price, overlayed with a red line marking the monthly low point. It’s a steady, upward curve of monster accumulation.  …

Bitcoin and Ethereum Derivatives Launched on Bitfinex

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According to official news released by Bitfinex on September 3, the exchange has added support for two derivatives products based on Bitcoin and Ethereum. Bitfinex, the Market Leader Founded in 2012, Bitfinex is a cryptocurrency exchange providing advanced services for digital currency traders and liquidity providers, while also being closely linked with the most popular stablecoin Tether (USDT). Bitfinex is certainly one of the most solid exchanges in the market and in order to maintain this reputation the platform is constantly evolving. The last product introduced is a perpetual contract, which in many…

SK Group’s Securities Arm Teams Up With Blockchain Real Estate Firm

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SK Securities, a branch of South Korea’s largest telecom SK Group, has partnered with a local blockchain firm for a digital real estate beneficiary platform. The securities operator has signed a business agreement with Kasa Korea, a Seoul-based startup developing a digital securities blockchain platform for thereal estate market, Korean news outlet Yonhap News reported on Sept. 4. SK Securities and Kasa Korea agreed to collaborate on a digital platform for distribution of real estate beneficiary securities. Based on real estate securitized beneficiaries issued by real estate trust companies, Kasa…

Goldbug Trumpets Bitcoin as Your Portfolio’s Long-Term Bond Killer

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A long-term gold investor sees the precious metal and bitcoin replace bonds in portfolios. | Source: Shutterstock Dan Tepiero, the founder of DTAP Capital and co-founder of Gold Bullion International said that gold and bitcoin will replace bonds as vehicles of portfolio hedge in the long term. Following the noticeable increase in geopolitical risks caused by the trade dispute between the U.S. and China, a growing number of investors have flocked to the bond market, causing bond yield in major markets to drop sub-zero. As CCN reported Tuesday, some strategists…