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Bitcoin looks better and better, the more the world burns.
The present decade began with a cause and an effect. Big banks coupled with shady government laws financially assaulted and robbed the ‘common man,’ and the world ached for a financial means of rescue, of reparations, of results, and not regrets. The effect of that million dollar cause was Bitcoin, the one currency the world can use, one that cannot be controlled by Wall Street or Capitol Hill, and one that is for Main Street and Main Street alone
The Bakkt launch is only a few days away and with the promise of breathing life into the industry, Bitcoin seems to already be rising, in preparation for its guest. The king coin recently lost about $500 in a sudden turn of events but has quickly regained its balance, shooting up past $10,200 earlier today.
On Wednesday, the author of the book “The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology,” William Mougayar, took to Twitter to share his fearless forecast on the possible year-end prices of top cryptos.
The crypto tokens that made Mr. Mougayar’s list include bitcoin, Ethereum, Ethereum Classic, and Binance Coin among others.
Financial organizations will be the driver of growth for the blockchain sector, predicts the research. Blockchain use cases are multiple within that space, and include the already growing market for international remittances. Blockchain can also help with identity, customer tracking, documentation, record-keeping and creating blockchain-based ownership of securities.
Within the blockchain space, decentralized finance is currently a growing field.
In a tweet on Sept. 19, Fundstrat Global Advisors co-founder Tom Lee joined the increasing number of Bitcoin figures bullish about Bakkt’s impact on the space.
The platform goes live on Sept. 23, and will first offer physical Bitcoin futures. Investors, who have been able to deposit funds since Sept. 6, will take delivery of payouts exclusively in BTC.
If Bitcoin’s explosive rally in 2019 wasn’t convincing enough for the bears, there is a much-sought-after trading indicator that can prove doubters wrong.
According to anonymous financial expert PlanB, who came up with the Bitcoin stock-to-flow theory, the relative strength index (RSI) vividly shows that we are currently in the early stage of a bull market.
“Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some jurisdictions. We therefore cannot guarantee whether or when any above-listed asset will be listed on a Coinbase product in any jurisdiction. As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations. The omission of assets from this publication does not disqualify any such asset from active review and potential listing.”
After a brief lull, crypto whales seem to have finally stirred back to action as a total of 11,407 Bitcoins were transferred. The BTC stash is worth a cool $116 million. However, it’s not just the BTC whales that are active. XRP, too, is moving in huge amounts.
The United States House of Representatives Committee on Financial Services has issued a memorandum revealing that the government entity will hold a hearing on Tuesday, September 24, 2019, dubbed the “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat” with cryptocurrencies as part of the agenda.
With a reference to the guidance issued this April on applying the “Howey test” to digital assets, the memorandum states that during the hearing agencies plan to touch upon ETFs and Facebook-led Libra regulations among other crypto topics.
According to the memorandum, the committee will discuss with SEC Chairman Jay Clayton and five SEC Commissioners on several topics: SEC’s security guidelines for cryptocurrencies, the feasibility of Bitcoin ETFs, and Facebook’s Libra. This news seems to highlight the perceived importance of Bakkt’s launch, which may have contributed to today’s move up.
Not a day has gone by recently without another story regarding more regulatory pressure mounting on the world’s largest social media company. Concerns are mounting that Facebook may disrupt the global financial system with its own cryptocurrency, Libra. Its past track record with privacy also leaves much to be desired.
A crypto analyst says a new US Senate bill targeting Venezuela’s state-backed cryptocurrency could create a “road map” for a ban on Bitcoin or any other cryptocurrency.
Among other ambitions, S. 1025, dubbed VERDAD (Venezuela Emergency Relief, Democracy Assistance, and Development Act of 2019, would enshrine into law a 2018 executive order from President Donald Trump that banned American citizens, residents and businesses from trading with the Petro, Venezuela’s state cryptocurrency.
said Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products.
“Based on increasing client demand and robust growth in our Bitcoin futures markets, we believe the launch of options will provide our clients with additional flexibility to trade and hedge their bitcoin price risk,”
The advantages of blockchain technology are being recognized by various government departments all over the world and the latest one to do so is the US Department of Homeland Security, which is now running a POC using decentralized ledger technology to protect intellectual property.
CoinMarketCap, the world’s most popular site for cryptocurrency information, has announced its first look at speakers and supporting media headlining its first-ever large scale conference, named The Capital, taking place in Singapore on November 12-13 this year. For this first conference, the dual themes that they have earmarked are “adoption” and “liquidity”, two of the most relevant topics for the company.
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.