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After briefly dipping below the $10,000 threshold, Bitcoin (BTC) has bounced back to trade at $10,041 at press time. The major cryptocurrency is down 1.1% over the past 24 hours, also seeing a nearly 3% loss over the past seven days.
Bitcoin’s dominance on the market has continued to drop, down from 67.7% at the beginning of the day to 67.5% at publishing time, according to CoinMarketCap.
It’s arguable whether we should take history as an indicator of future events. However, it’s also definitely worth considering it. A very prominent analyst has pulled off a lot of information on Bitcoin’s on-chain metrics, which shows that we might actually be in the early phase of an upcoming large bull market.
Next week’s two big events will help make Bitcoin’s mind up
Bakkt’s first settlement of BTC futures changes the whole game, prominent analyst
But ICE founder, company behind Bakkt says, it’s intense curiosity, no demand yet
“Awaiting the middle bull market to commence” – Willy Woo
Cryptocurrency regulations across the world are picking up pace in 2019 as the market continues to gain in prominence. In fact, the episode of Facebook’s Libra being so publicly attacked in front of the U.S Congress was the best example of the cryptocurrency market gaining mainstream attention.
However, privacy coins are feeling the brunt of this change as certain exchanges are now delisting assets, citing several reasons such as new rules and risk assessment.
There has been a major controversy on whether XRP is a currency or a security. In fact, there is an ongoing case in court on the matter and the SEC has not been able to come to a conclusion. Ripple’s lawyers on the case, however, maintain that XRP is a currency and not a security and so the case should be struck out by the court. It seems most of the public thinks differently though.
New research from PrimeXBT shows the potential impact that Bakkt will have on the crypto market and if it can help cause Bitcoin to reach the price projections that the crypto community hopes for. Only a few days remain before the launch of the long-awaited and much anticipated Bakkt trading platform, which will bring large institutional investors to the Bitcoin market. It may sound unfeasible, but Bitcoin price is expected to reach $100,000 in the coming years, and much of the next bull run will be driven by Bakkt.
At the beginning of this week, top altcoins showed steady growth amid stagnation of the main cryptocurrency. However, now, most of them are located in a sideways trend, except for ADA and EOS, which rates have gone up by around 5% and 3.64% respectively.
William Mougayar, the author of a seminal work on the disruption of blockchain technology, with a foreward by Ethereum creator Vitalik Buterin, has some bold predictions for Bitcoin, Ethereum and other cryptocurrencies.
Mougayar, who published his book The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology in 2016, took to Twitter on Wednesday to make his year-end forecasts.
And that is where Blockstream’s Liquid Network and Lightning Network come in. Both of these solutions are second layer implementations on the main Bitcoin network that should ideally help bitcoin scale by reducing the load of processing transactions on the main chain. One fault that they both have is lack of simplicity and usability. They are difficult to use and this problem has persisted for more than two years now.
Stefan Rust, the new CEO of Bitcoin.com, sat down to answer all your questions about his work and how furthering Bitcoin Cash adoption advances economic freedom to the world. During the hour-long AMA he talked about a wide range of topics, such as how bitcoin cash (BCH) can reach new audiences in fields such as esports and the cannabis market.
Just one exchange, Singapore-based BitMax, accounted for over 50% of all volume of trade in Tether (USDT) during August
While USDT accounted for 71% of all BTC volume across markets as a whole, most of the huge BitMax volumes were in pairs with other stablecoins
Social media giant Facebook has taken a bold step to manage the hurdles it has been facing from regulators. According to a recent report, Facebook CEO, Mark Zuckerberg, has made himself accessible to US lawmakers regulators. As this might help the popular social media company gain some respect after the Cambridge Analytica fiasco, it is likely that it will also affect Libra positively.
Slowly but surely, the South Korean cryptocurrency exchanges are removing all privacy-oriented coins. This week alone, two major trading platforms took such a course of action. The latest to do so is Upbit, as it simply complies with the regulations enforced by the South Korean government. An unfavorable rule, but one that needs to be adhered to regardless.
Chinese interest in Bitcoin is soaring in 2019, according to a renowned Economist Alex Kruger. The economist made the revelation on twitter today, saying that interest in the pioneer cryptocurrency among the Chinese has been rising in 2019.
According to Kruger, Chinese interest in bitcoin went up when China launched a trade war against the U.S.
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.