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Saturday, Sept. 14 — The top 20 cryptocurrencies are reporting mixed movements on the day while Bitcoin’s (BTC) price hovers over the $10,300 mark by press time.
Brexit: The oncoming storm
The United Kingdom is poised for the oncoming storm: one that promises to sweep away everything in its way. This storm was in its cumulus stage in 2016, with a majority of voters standing in favor of Brexit after the United Kingdom European Union membership referendum took place and is currently moving toward the maturing stage, with U.K officially exiting from European Union at the end of October 2019.
Prime brokerage firms are coming for crypto in what’s likely to be a race of winner-takes-almost-all. Goldman Sachs is synonymous with institutional wealth and power, even to those who’ve never purchased a financial product in their life. Like the eponymous tower it occupies in Jersey City, Goldman Sachs dominates the prime brokerage trade. What will happen when crypto gains its own Goldman Sachs – an institutional investment company whose AUM grant it unprecedented sway?
The market has made quite a correction since the past 24hrs and interestingly, this promising outcome is taking place during the weekend; perhaps traders should anticipate a perceived bullish run for the third week of September? Possibly, but this will mainly depend on how fast Bitcoin can begin to build support from its current trading price which is fairly seated at $10,363 at the time of this writing.
Investors piled up government debt last month over concerns that the U.S. and global economies were heading toward recession. The latest thawing in U.S.-China trade tensions, combined with better than expected economic reports and looser monetary policy from the European Central Bank (ECB), have abated those fears for now.
Bitcoin and the aggregated crypto markets have been facing a period of consolidation after posting a decent sized rally earlier this week. Although this rally has stalled in recent times, it is important to note that BTC’s main level of resistance still exists at $10,800.
One analyst, however, believes that an inability to validate a bearish rising wedge that BTC is currently trading within could spell trouble for the cryptocurrency in the near-term.
The Investor Relations Vice President of PayPal, one of the world’s largest online payment processors, has said that Facebook’s Libra is consistent with PayPal’s ambitions when it comes to banking the unbanked. She also said that there’s a lot of work to be done on the project before it becomes something more than just an idea.
The crypto market is still in the downtrend, but it seems like things might change soon. The rumors about altcoin season start in September have been all around since summer 2019, and Ethereum can be one of the first to break the vicious circle. Let’s check out Ethereum price predictions from tradingview and see what Twitter users think – there are various controversial opinions concerning the nearest future of ETH.
So far in this series, we have examined the history of money and found that hard money has consistently returned to dominance time and time again throughout history.
Following this, we considered the differences between two of the hardest forms of money to produce; gold and Bitcoin. Bitcoin, it turns out, has a few distinct advantages over gold whilst retaining the qualities that make gold such an excellent hard money.
Bobby Lee, the founder of the first cryptocurrency exchange in China, explained Bitcoin (BTC) is currently in one of the many cycles to come. Mr. Lee has also launched a new crypto wallet called Ballet. The information was released by Yahoo! Finance a few days ago.
Bitcoin Follows Many Cycles
During a conversation with Yahoo Finance UK, he explained that Ballet’s wallet will help people have access to virtual currencies. The main difference with other solutions is that Ballet’s first wallet has no electronic parts.
As he explained, you can load the card with digital currencies, including Ethereum (ETH), Bitcoin (BTC) and also Litecoin (LTC). After it, you can simply start using the card as if you were using cash.
The Electric Coin Company (ECC) says it discovered a new way to scale blockchains with “recursive proof composition,” a proof to verify the entirety of a blockchain in one function. For the ECC and zcash, the new project, Halo, may hold the key to privacy at scale.
A privacy coin based on zero-knowledge proofs, referred to as zk-SNARKs, zcash’s current underlying protocol relies on “trusted setups.” These mathematical parameters were used twice in zcash’s short history: upon its launch in 2016 and first large protocol change, Sapling, in 2018.
It might come as a surprise to you that the Token Offering market is just a shell of its former self. Laden with all kinds of hurdles, from the regulatory front to the technological front. Only 69 token sales took place during the month of August, a staggering 81% reduction on a YOY basis, according to Blockchain and Crypto report August 2019.
Facebook’s Libra stablecoin is scheduled to launch at the end of 2020, despite ongoing blowback from governments around the world. According to an executive from the Libra Association, the new digital asset that aims to revolutionize global finance is on track for its release date without any significant detour due to policymakers and their concerns.
Security experts and researchers have recently identified an ongoing trend of illicit and lucrative transactions involving BTC to cash transactions. The security experts provided a glimpse into what is taking place in the dark web after analyzing dozens of transactions posted and executed in various forums and marketplaces.
The financial scammers are alleged to be selling bitcoin for between ten and twelve cents on the dollar for any willing buyer who is ready to provide a prepaid Bitcoin fee. This is according to Armor’s Threat Resistance Unit report for the third quarter of 2019 which focused on black market crypto transactions.
블록체인 기술과 산업에 전문성을 인정받는 미디어 5사가 공동으로 아시아 최대 규모 블록체인 컨퍼런스 ‘코리아블록체인위크 2019(KBW2019)’를 오는 9월 27일부터 10월 4일까지 개최한다.
9월30일부터 10월1일 양일간 그랜드 인터컨티넨탈 서울 퍄르나스에서 팩트블록의 ‘코리아블록체인위크(KBW) 2019’ 주간(9월27일~10월4일) 중 메인 행사로 열리는 디파인 컨퍼런스에는 국내외 주요 기업들과 블록체인 프로젝트들이 대거 참여할 예정이다.