January 3, 2020

Europe Central Bank Proposes ‘Unattractive’ Rates for Digital Currency

January 3, 2020 boss

The European Central Bank (ECB) remains open to the idea of a digital euro equivalent but would want to stop citizens holding too much of it. That was the conclusion of a fresh working paper on so-called central bank digital currencies (CBDCs) by Ulrich Bindseil, the bank’s Director General of Market Infrastructure and Payments, on Jan. 3. ECB would need to “control volume” of CBDC The paper deals with the prospect of issuing a CBDC for the European Union, and also touches on the differences between such a currency and…

Telegram Refusing to Tell SEC How It Spent $1.7 Billion of ICO Cash

January 3, 2020 boss

The United States Securities and Exchange Commission (SEC) has filed a court order on Jan. 2 to compel the messaging platform Telegram into releasing details of how the funds raised in its initial coin offering, or ICO, have been spent. The SEC claims that the requested records are highly relevant to its ongoing case against Telegram, alleging that the $1.7 billion raised selling Gram tokens constituted an unregistered securities sale. Request for information The filing requests both testimony and documentation from Telegram relating to the amounts, sources and use of…

Winklevoss-Backed BlockFi to Launch Bitcoin (BTC) Rewards Credit Card in 2020

January 3, 2020 boss

Cryptocurrency lending startup BlockFi is set to expand its suite of products in 2020, starting with a Bitcoin (BTC) rewards credit card, Cheddar reports, January 2, 2020. BlockFi to Expand Its Crypto Arsenal BlockFi, a U.S.-based digital currency lending firm backed by the Winklevoss brothers has stated that it will introduce a Bitcoin rewards credit card in 2020 to attract more consumers toward the rapidly developing cryptocurrency space. An official email from the company’s founders stated: “You’ll be able to spend money on your BTC rewards credit card like you…

Bitcoin Can Hit $50K in 2020 ‘Very Easily’ — Nexo CEO Tells Bloomberg

January 3, 2020 boss

Bitcoin (BTC) can “very easily” hit $50,000 during 2020, the CEO of one cryptocurrency industry business has told mainstream media. In an interview with Bloomberg in Berlin on Jan. 3, Antoni Trenchev, head of Bitcoin lending platform Nexo.io, said Bitcoin price growth since its inception was almost unlike anything ever seen. Trenchev: Bitcoin is an “incredible asset” “It’s been an incredible asset uncorrelated to the overall market,” he told the network. Trenchev added Bitcoin’s journey to up to $20,000 was reminiscent of German hyperinflation after the First World War: “It…

Binance Debuts Euro Pairs as CZ Says 180 Fiat Currencies Set for 2020

January 3, 2020 boss

Cryptocurrency exchange Binance has confirmed it will offer euro (EUR) trading against six cryptocurrencies in the platform’s latest fiat expansion. In a blog post on Jan. 3, Binance confirmed trading for EUR pairs would begin at 8am the same day. Users will be able to trade EUR against Bitcoin (BTC), Ether (ETH), XRP and Binance Coin (BNB). Binance will also support trading against two stablecoins: Tether (USDT) and its own U.S. dollar-backed token, Binance USD (BUSD). Euro not just for Binance Jersey The move follows on from the addition of…

Pantera Partner Paul Veradittakit’s Crypto Predictions for 2020

January 3, 2020 boss

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Paul Veradittakit is a partner at Pantera Capital, focusing on venture capital and hedge fund investments. Pantera Capital is one of the earliest and largest institutional investors in digital currencies and blockchain technologies, managing over $500 million. 2019 has been an incredible year for the blockchain and cryptocurrency space – we’ve been through immense market fluctuations, regulatory battles and financial scandals, Senate hearings, and…

Pantera Partner Paul Veradittakit’s Crypto Predictions for 2020

January 3, 2020 boss

Bitcoin and Oil Rally as US Kills Iran’s Top General in Air Strike

January 3, 2020 boss

In a stunning turn of events, Bitcoin (BTC) price swiftly reversed course and rallied 6.4%, reclaiming ground lost over the last 24-hours and briefly topping $7,288 before pulling back to $7,200. Global oil prices have also rallied by nearly 3% in the wake of an airstrike at Baghdad’s airport ordered by United States President Donald Trump that has reportedly killed the head of the Iranian Revolutionary Guards’ elite Quds Force, General Qasem Soleimani. Cryptocurrency market daily overview. Source: Coin360 Market analyst Michaël van de Poppe meanwhile reacted to the news…

Bitcoin Just Reversed And Its Likely Heading $7,400

January 3, 2020 boss

Bitcoin started a strong upward move from the $6,880 support area against the US Dollar. The price is reversing losses and it is now well above $7,100. There was a break above a key bearish trend line with resistance near $7,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The current technical structure suggests reversal signs towards the $7,500 resistance area. Bitcoin price is climbing with a bullish angle above $7,000 against the US Dollar. BTC is likely to accelerate higher if it clears the $7,260…

Bitcoin & Crypto Market Facing Hurdles: BNB, BCH, LTC, EOS Analysis

January 3, 2020 boss

The total crypto market cap is declining and struggling near the $178.0B support. Bitcoin price was down around 3%, but it is now recovering above $7,000. Litecoin (LTC) price declined more than 5% and it is now trading below $40.00. BCH price failed to stay above the $200 support and it is extending losses below $195. EOS price is down 5% and it even broke the $2.500 support area. Binance coin (BNB) is likely to revisit the key $13.00 support area. Bitcoin (BTC) and the crypto market cap are gaining…