BlockShow Asia Closes on Optimistic Note

BlockShow Asia 2018 has come to an end in Singapore Thursday, Nov. 29, with most visiting experts predicting that cryptocurrencies and blockchain will fare better in 2019. According to the BlockShow team, 2,800 people attended the two-day conference, including potential investors who participated in EXP20 — a business pitch competition for startups announced shortly before BlockShow Asia. More than 50 speakers from various crypto and blockchain projects participated in the event’s discussion panels. On the first day, experts discussed the Chinese crypto ban, decentralized networks for artificial intelligence (AI), and…

Investors are Optimistic in Acquisition of Korea’s Largest Crypto Exchange

On October 12, CCN reported that BK Global Consortium, the parent company of Singapore-based BK Medical Group, has acquired a 50 percent stake in Bithumb, South Korea’s largest crypto exchange. Kim Byung-gun, a prominent plastic surgeon and blockchain investor, finalized the deal between BK Global Consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform at a valuation of $350 million. Investors Highly Optimistic in the Deal For many years, despite three high profile security breaches that have led to the loss of tens of millions of dollars in user…

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

44 percent of those surveyed on crypto Twitter believe the price of bitcoin core (BTC) has a ways to go before finding bottom, while over half of Wall Street and institutional investors seem to believe BTC’s bottom has been reached. The poll was conducted by Fundstrat, comparing the views comprised of 25 Wall Street related institutions against those of 9,500 respondents on Twitter. Also read: Hong Kong-Based Crypto Exchange Coinex Pays Interest in BCH Fundstrat: Wall Street is Optimistic While the Ecosystem Remains Sour on BTC’s Price Over the period…

South Africa and Crypto – a Conservatively Optimistic Approach

Blockchain and cryptocurrencies have proliferated the minds of millions across the world, as trading and crypto asset ownership continues to rise. In the same breathe, many countries across the world have taken a tough stance against cryptocurrencies in particular. Some, like China, have outlawed their use, while others like Malta are at the forefront of cryptocurrency and blockchain development. In an African context, this sector is slowly growing. At the southern end of the continent, South Africa sits in an interesting position. As one of the bigger economic hubs of…

Bitcoin Stabilizes at $6,550, Analysts Optimistic About Stellar Breakout

Over the past 24 hours, the Bitcoin price has stabilized in the mid-$6,000 region. BTC eyed a breakout at a major resistance level at $6,800, but has slightly declined to the range of $6,550 to $6,600. Most major cryptocurrencies including Ethereum (ETH), Ripple (XRP), and EOS have recorded fairly large losses in the range of 3 to 5 percent on October 1, failing to sustain momentum against both Bitcoin and the US dollar. But, many technical analysts in the cryptocurrency community have expressed their optimism towards the short-term trend of…

Reasons Why Bitcoin is Still Not Dead at $6,000 and Market is Optimistic

On June 23, CNBC Fast Trader hosted a show dedicated to presenting the “Bitcoin Funeral,” a witty introduction to BKCM founder and cryptocurrency investor Brian Kelly’s discussion on the recent bitcoin correction and its future price trend. Three Reasons why Bitcoin Isn’t Dead On CNBC Fast Trader, Kelly outlined three major reasons bitcoin will recover in the mid-term back to its previous support levels at over $10,000: Negative sentiment from investors signalling imminence of a bottomPositive development within the Japanese cryptocurrency exchange marketMt. Gox liquidation of bitcoin postponed to 2019…