Ultra-Bullish Bitcoin Analyst Predicts $100K Price in Next 24 Months

After a fairly good ending to 2019, Bitcoin has been on a good start in 2020. Since the start of 2020, the Bitcoin price has surged nearly 20% reaching closer to over $8,500 levels. At press time, Bitcoin is trading for a price of $8,534 with a market cap of $154 billion. However, this has got many analysts and Bitcoin enthusiasts talking about future predictions. This has always been the case for Bitcoin which has been the darling of crypto investors over the last few years. A Twitter handle named…

Payments Giant Visa Acquires Fintech Firm Plaid for $5.3 Billion

Payments behemoth Visa acquired financial technology firm Plaid for $5.3 billion, according to a press release published on Jan. 13. Per the release, Plaid has developed a network that allows users to easily connect their financial accounts to the apps they use to manage their financial lives. The firm’s products reportedly allow for convenient sharing of financial information with thousands of apps and services by allowing users to link various accounts.  The announcement states that 75% of the world’s internet-enabled consumers used a fintech application for moving funds. As such,…

Indian Supreme Court Delays Hearing on Crypto Ban, Expects Slew of Comments

The Supreme Court of India has chosen to delay its full hearing of a high-profile case against the Reserve Bank of India’s (RBI) ban on banks’ dealings with crypto-related businesses. In an interview with Cointelegraph on Jan. 14, Kashif Raza — co-founder of the Indian crypto regulatory news and analysis platform Crypto Kanoon — recapped what is at stake in the case and argued that news of the delay need not dishearten the local crypto community.  Constitutional contentions As previously reported, Indian crypto exchanges and other industry firms have faced…

Off-Blocks Launches US Government-Tested Digital Signature Service in Beta

Digital signature platform Off-Blocks is bringing its government-tested document verification tools to the public. The company launched its digital identity mobile app beta Monday, according to CEO Colin Campbell, offering to the public some of the Factom blockchain-powered anti-forgery mechanisms the companies have been building for the U.S.’s Department of Homeland Security (DHS) since November. The full platform is expected to go live in the coming weeks. Off-Blocks’ public service seeks to infuse trust across digital file sharing. People and companies have an inherent need to authenticate any number of documents,…

CME Bitcoin Options Trade $2.3M in Debut, BTC Price Hits 2-Month High

Bitcoin (BTC) futures options from CME Group saw volumes in excess of $2.3 million on the product’s first day of public trading, the company has confirmed.  Data from CME’s official website confirmed the successful rollout on Jan. 13, which began as scheduled and ultimately saw 55 contracts change hands.  Investors lap up BTC options products Each contract corresponds to 5 BTC, meaning that at current prices, the 55 contracts were worth $2.34 million.  Bitcoin markets rallied on release day, rising by more than 5% to hit highs of $8,550. Those…

Yes, EOS, Litecoin, and Ethereum Are Up A Lot, But No, “Altseason” Isn’t Here Yet. Here’s Why

Major crypto assets like EOS, Litecoin, and Ethereum are up by around five percent on average, and investors have been quick to call the start to an altseason. In crypto, an altseason refers to when so-called alternative cryptocurrencies begin to surge in value amidst rising momentum in the market. Many crypto assets have increased significantly in value over the past two weeks, but considering their steep fall from record highs and their performances in comparison to bitcoin, it is still too early to call it an altseason. How have major…

Kraken Futures to Expand Into Russia After New Hire

Kraken Futures has hired its first Russian representative in a bid to ramp up its operations in the world’s largest country by land mass. The regulated futures provider, acquired by Kraken last year when it was called Crypto Facilities, brought on Aleksey Bragin last month and now intends to grow its Russian presence with in-person visits and Russian-language social media groups. The London-based subsidiary currently offers bitcoin, ether, bitcoin cash, litecoin and XRP futures contracts and sees some $17 million in daily volume for the bitcoin futures alone. “Russia is…

Ethereum to See Biggest Upgrade Ever Says Investment Fund, And Future is “Bright”

Ethereum, the second most valuable blockchain network in the global market, will see its biggest upgrade ever soon. Chromatic Capital managing director Grant Hummer says if successfully implemented, it will create major improvements that would make the so-called “ETH 2.0” significantly better than the current version. For many years, the Ethereum developer community has tried to implement second-layer solutions and make a big pivot to the proof-of-stake (PoS) consensus algorithm. Unlike the proof-of-work (PoW) algorithm, which requires miners to mine blocks to process transactions like with bitcoin and Ethereum’s current…

Bitcoin Crucially Smashes Heavy Resistance: Next Bullish Levels Traders Should Watch

Bitcoin rallied more than 5% and broke key hurdles near $8,250 and $8,500 against the US Dollar. BTC price might continue to rise towards $8,780 and $8,800 in the near term. Bitcoin price is gaining bullish momentum above the $8,400 resistance against the US Dollar. There was a crucial upside break above the range resistance near $8,200. Yesterday’s highlighted important bearish trend line was breached with resistance near $8,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct in the short term, but…

Bitcoin Price Breaks Above Key Resistance Levels as Bulls Target $8.6K

Bitcoin (BTC) price has at last crossed above the $8,300 resistance, setting the digital asset up for a run at $8,500 and restoring bullish momentum to the current uptrend which has seen the price rise from $7,655 to $8,536 over the past week.  Cryptocurrency market weekly overview. Source: Coin360 For the second time in a week, the price rose above the oft-referenced descending channel trendline which has served as a long term resistance for the last 7 months. While there are some traders who will have bought the breakout above…