‘Bitcoin Now a Regulated Market of Significant Size’

Crypto index fund provider, Bitwise Asset Management, has given another presentation to the United States Securities and Exchange Commission (SEC) in its bid for regulatory approval of its proposed Bitcoin exchange-traded fund (ETF).  In a memorandum, issued Sept. 17, the SEC published Bitwise’s presentation outlining why it believes the SEC’s concerns have been largely met. Bitcoin spot market now more efficient The presentation started by recapping how the market has evolved and improved over the past two years. Firstly, the spot market has become more efficient, with the average deviation…

Bitcoin Price Back Above $10k, Targets New ATH Amid Bakkt Monday Launch

Bitcoin price has climbed back above $10,000, just days before Bakkt officially launches. Could back be the long-awaited Bitcoin savior? Will we see another all-time high before 2019 is over? Crypto enthusiasts are almost always in a perpetual waiting state, in the hope that the market will pick up and keep on rallying, even when data is already bullish. In the past, there have been several factors named as important to Bitcoin price surge or pullback depending on the specific period. Today, the most anticipated event in the cryptosphere, which…

Use Lightning Network to Buy Bitcoin — Avoid Coinbase, BitPay

The creators of Bitcoin (BTC) wallet Zap have revealed a new tool for instantly purchasing Bitcoin using a bank account via the Lightning Network. Lightning powers instant debit card Bitcoin buys In a blog post and associated social media posts on Sept. 19, Zap Solutions founder Jack Mallers said Olympus was specifically designed to bypass extant offerings from BitPay and Coinbase. The Lightning Network facilitates instant delivery of BTC purchases, and Know Your Customer (KYC) procedures are kept to a minimum.  “Someone who has never experienced Bitcoin before should be…

How Did You Get Into Bitcoin? Crypto Twitter Responds

Everybody loves a story. When it comes to how people first got into cryptocurrency, there’s no exception. Crypto Twitter (CT) is full of humorous, thought-provoking, and unexpected tales of diving down the Satoshi rabbit hole, and the reasons for entering the space are as diverse as the people themselves. Also Read: North Korea Plans to Launch Cryptocurrency to Bypass Economic Sanctions Reasons for Getting Into Bitcoin Trawling CT, one can find many scattered gemstones and nuggets of interest about people’s discovery of Bitcoin. Recently there have been a few prominent…

Bitcoin Will Not Be Listed On Major Exchanges Without Better Regulation

SEC Chairman Jay Clayton said that it will take a while before there is proper regulation for Bitcoin and other cryptocurrencies, and that has to happen before major exchanges can begin to list them. Generally, the fact that the United States Securities and Exchange Commission (SEC) is not very supportive of the cryptocurrency industry is no longer news. The SEC has many times before, spoken out against cryptocurrencies because of their volatility and unregulated nature. Even efforts to launch Bitcoin Exchange-Traded Funds (ETF), have been largely unsuccessful as a few…

Bitcoin Miners Uber Bullish as Difficulty Set for 60% Quarterly Growth

Bitcoin (BTC) will see its mining difficulty grow by almost two-thirds in Q3 2019, new data reveals as the metric astounds markets. Bitcoin metrics show big competition in play Uploading historical and future projections to Twitter on Sept. 19, well-known analyst Kevin Rooke noted difficulty had already expanded at an average of 42% each quarter since 2016. With the exception of Q4 2018, the floor of the Bitcoin bear market, growth has been positive consistently ever since. 2019’s increases have been almost vertical compared to the previous period. “Difficulty is…

Bitcoin Price (BTC) Rallies Sharply But Facing Significant Hurdle

Bitcoin price started a strong rise after trading as low as $9,637 against the US Dollar. The price is trading above the $10,200 level, but it is facing hurdles near the $10,400 level. There was a break above a major bearish trend line with resistance near $10,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently correcting lower towards the $10,150 and $10,100 support levels. Bitcoin price is showing positive signs above the $10,100 level against the US Dollar. BTC needs to surpass…

Arab Bank Switzerland to Offer Bitcoin Custody and Brokerage Services

According to a report published by swissinfo.ch on September 19, 2019, Arab Bank Switzerland has joined the list of established banks which offer access to digital asset products. A New Bank in the Crypto Sphere Arab Bank Switzerland, a bank specializing in private banking and trade financing, has partnered with blockchain technology firm Taurus, to facilitate access to digital asset investments for its high net worth customers. Despite the growing interest from wealthy clients, so far banks have been cautious of offering investment services in digital assets due to regulatory…

Bitcoin (BTC) Hash Rate Exceeded 102 Quintillion

Photo: Tim Reckmann / Flickr Bitcoin’s (BTC) network hash rate went over 102 quintillion hashes for the first time ever which is a historic milestone for the cryptocurrency. As the data show, on September 18, the hash rate reached its record of exactly 102.8 quintillion hashes. Hash rate explains the amount of computing power that is needed in processing Bitcoin transactions. The higher the number of hashes is, the more miners are competing in order to get the block reward. Since December 2018, the hash rate has been rising from…

Crypto Market & Bitcoin Rebounding: BCH, Litecoin, TRX, XLM Analysis

The total crypto market cap bounced back sharply after testing the $245.0B support area. Bitcoin price is back above the $10,000 and $10,100 levels, with positive signs. Litecoin (LTC) price is showing positive signs and it could soon revisit the $80.00 resistance. BCH price is gaining pace and it could rise towards the $325 and $340 resistance levels. Tron (TRX) price settled above the $0.0170 level and it could continue to climb higher. Stellar (XLM) price surged recently and it is likely to march towards the $0.0850 level. The crypto…