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Many analysts over the years have said that bitcoin is a speculative bubble, comparing it to tulips or beanie babies. However, BTC is still here and doesn’t look to be going anywhere. Here are a few reasons why bitcoin was and continues to be, a solid investment.
Scott Freeman, co-founder of JST Capital told Bloomberg.
“With the realization that these technologies now are being adopted, they’re starting to solve real problems, and it’s coming to fruition at some level where the value proposition of these things is being recognized more broadly.”
With just a day to go, the long-awaited Bakkt physically-settled bitcoin futures trading platform is almost here. Its September 23 launch date has been heralded by many as bullish for BTC as it will enable institutional investors to dabble in the markets.
However, this ended late that month when the cryptocurrency topped out at $14,000 and proceeded to collapse. Since then, Bitcoin has entered a drawn-out lull, with there being a clearly tightening trade range that has resulted in Bitcoin’s realized volatility falling into a range that precedes gargantuan moves.
Just two weeks ago, Brandt claimed that Bitcoin might have already entered its fourth parabolic phase. The famed chartist projected that BTC could hit more up to $140,000 during its next bull run, which would be still considered a conservative prediction by venture capitalist Tim Draper.
He later tweeted about a descending triangle, a major bearish chart pattern that could serve as a harbinger of future losses. While still being long on BTC, he insisted that he couldn’t ignore this formation as a swing trader.
The CEO of Intercontinental Exchange, owner of the Bitcoin futures platform Bakkt, says he and his team are nervous about Monday’s launch.
In a new interview with Fortune, Jeff Sprecher says Bakkt has experienced a flood of curiosity on the company’s imminent launch of BTC futures that will be settled in actual Bitcoin instead of cash.
He believes it could take months before it’s clear if Wall Street is diving in.
Mainstream media outlets covering stories on Bitcoin, regulators actively participating in the market, institutional investors sentiment pouring in, and also the year that marked the end of Bitconnect and several other ‘scammy’ projects.
In short, crypto was everywhere, irrespective of whether it was there in the positive limelight or negative. And throughout the year, there were three questions that constantly made a buzz in the market. When moon? When Bitcoin ETF? and When institutional investors?
Earlier on, when Bitcoin (BTC) arrived on the scene, most cryptocurrency enthusiasts held on to their coins, as there were only so many places they could be spent. Nowadays, the list of marketplaces and retailers accepting Bitcoin and other cryptocurrencies is significantly larger, providing crypto enthusiasts with more options for making real-world purchases.
After all, with recognizable organizations like Microsoft and Wikipedia now accepting Bitcoin as payment, conversations about Bitcoin and the power of cryptocurrencies are becoming more prominent.
To date, lightning hadn’t been tested mathematically by way of formal security, which is a means of establishing how secure a computer science idea is with the help of mathematics. The paper describes the lack of formal verification for lightning’s code specification “a dire state of affairs” since lightning is today used to secure real money — at least $8.5 million.
The paper explains:
Everything is possible. Indeed, Bitcoin has surprised investors many times in the past. During an interview with Bloomberg, Hayes talked about digital finance is going to affect traditional equities, bonds and currency trading.
About it, he said many of the practices the cryptocurrency market has will be mimicked in traditional trading. For example, he said that traditional platforms shut on weekends, open and close, and some of them have lunch breaks. However, digital assets trade 24 hours a day 7 days per week.
Are there Possible Improprieties Occurring at Binance (and other exchanges)? Would even one be the “poison pill” the US government needs to “off” crypto?
It’s no secret that the cryptocurrency and the blockchain industry have been a friend to criminality, facilitating both the actual transfers for payment on illegal products, goods, and services, as well as being the solution to laundering the wealth from such ill-gotten gains.
Cryptocurrency gaming, aka blockchain gaming is a new development style for online games. These games are actually dApps hosted mostly on either the Ethereum or EOS blockchains. The benefit of crypto games is that items, characters, currency, accounts, an all other aspects of the game are hardcoded into a global public blockchain. This means that your game assets are essentially tokens that you have full control over. Because you have full ownership, nobody can take away your game’s assets.
Cryptocurrency firm Bitwise has made a new pitch to the U.S. Securities and Exchange Commission to gain approval for a bitcoin exchange-traded fund (ETF), arguing that the market has become more efficient over the years.
Bitwise’s presentation, which was delivered to three SEC commissioners last week, is making another push for ETF approval after previous attempts had been met with delay and rejection.
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.