Day: January 18, 2021

XRP At Risk Of Falling Out Of Crypto Top Five For First Time Since 2013

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XRP has had an extremely difficult run since 2017 and things have only turned worse. But somehow despite the poor performance compared to its peers, it has managed to hold onto a top five rank by market cap dating back as far as 2013. However, the legal blow dealt by the United States Securities and Exchange Commission and the subsequent crypto exchange delistings, the altcoin is now at dangerous risk of falling out of the top five for the first time since back then. Hereโ€™s which cryptocurrency could take its…

Investing $1 Bitcoin Every Day with Cash App – DAY 669

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Another Bitcoin ETP Launches On SIX Swiss Exchange

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Coinshares, a pioneer in operating regulated bitcoin investment fund with about US$4 billion of asset under management, will be launching an Exchange Traded Product for bitcoin on SIX Swiss Exchange. It will trade under the ticker BITC on January 19, 2021. โ€œA lot of institutional clients have a very strong due-diligence process, and we wanted to bring to market a best-in-class product to embrace that demand,โ€ said Frank Spiteri, chief revenue officer at CoinShares. โ€œWe are ready, as of January, to embrace the forthcoming demand from institutional clients.โ€ The new…

Freedom Fighting Atilis Gym Chooses to Accept Crypto Donations- BCH Supporters Set Gym Up With an Uncensorable Fundraiser โ€“ Bitcoin News

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After the co-owner of the Atilis Gym in New Jersey appeared on TV and told the public the state confiscated over $173k from the gym ownerโ€™s bank account, Ian Smith revealed Atilis Gym has now set up a crypto wallet. Smith explained that a number of people didnโ€™t want to donate using the Gofundme platform, so peer-to-peer electronic cash supporters created a proposal on the permissionless fundraising application, Flipstarter, so people can donate bitcoin cash toward the gym ownerโ€™s legal efforts. Uncensorable Money Advocates Help Atilis Gym Owners Just recently,…

Grayscale holds the key to Bitcoin hitting $40K, says JPMorgan

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Grayscale Investments, the worldโ€™s largest digital-asset manager, could hold the key to Bitcoinโ€™s (BTC) short-term price outlook, according to JPMorgan Chase.ย  As Bloomberg reports, strategists led by Nikolas Panigirtzoglou believe Bitcoin could lose its luster over the short-term unless it can โ€œbreak outโ€ above $40,000. The flagship cryptocurrency breached that key level on two occasions this month, once in the lead-up to new all-time highs near $42,000 and the other just last week. The strategists determined that the Grayscale Bitcoin Trust, which currently has $23 billion in assets under management,…

PayPal May Earn $2 Billion in Revenue from Bitcoin Alone By 2023

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Dan Dolev, an analyst with Mizuho, predicts PayPal to earn $2 billion in revenue by 2023 from Bitcoin alone, MarketWatch reported on Jan 15. Support for Cryptocurrencies is a Boost In late October, PayPalโ€“a US-based payment processing companyโ€“announced their support for cryptocurrencies. They first allowed clients in the United States to trade and hold several cryptocurrencies, including Bitcoin Ethereum. Their decision, which analysts said was strategic, comes after months of speculation that the platform was at an advanced stage of integrating support for select cryptocurrencies. With their announcement, supported coins…

1/18: BTC, ETH, DOT, XRP, ADA, LTC, BCH, LINK, XLM, BNB

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Altcoins are beginning to lose bullish momentum as Bitcoin price struggles to reclaim $40,000. Investors are beginning to worry that Bitcoinโ€™s (BTC) uptrend could be in peril after the top-ranked cryptocurrency failed to pull above the $40,000. Some traders are afraid that a repeat of the crushing 2018 bear market is on the cards again if BTC fails to find bullish momentum. However, a study of both the bull markets shows distinct differences that are noteworthy. Research from Pantera Capital found that after the current bull move, 86% of the…

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First Hyperledger-based cryptocurrency explodes 486% overnight on Bittrex BTC listing

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A little-known altcoin known as Metacoin (MTC) surged to 486% gains in just 24 hours on Jan. 18, after Bittrex announced it would be listing the coin against Bitcoin (BTC). Metacoin is built on the Hyperledger network, an umbrella project of open-source technologies focused around building permissioned blockchain ecosystems for large cross-industry enterprises. Metacoin became the first cryptocurrency of Hyperledgerโ€™s to achieve mainnet status when it went live in 2018. Hyperledger was founded by the Linux Foundation, and is overseen by a host of โ€œpremium membersโ€, comprising leading technology and…