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Billionaire technology investor Mark Cuban said that he would be happier owning bananas than Bitcoin (BTC).
Cuban made his remarks in a video Q&A published on YouTube by technology news outlet Wired on Sept. 27. During the Q&A session, he answered to a Twitter user asking why Cuban hates crypto if he is “into providing opportunity for people to grow their net worth.”
First, Cuban seemingly suggested that the issue he has with Bitcoin is that its price is determined by the market’s demand for it:
However, Bitcoin previously crossed above this same MA on October 14, 2015. Afterwards, it stayed above it until the aforementioned breakdown on February 2, 2018. This is a period of 841 days.
If we compare this to the current movement, the BTC price moved above its 200-day MA on April 2 before breaking down on September 24. This is only a period of 175 days.
This could mean that the current bull run is not nearly as strong as the one that began in 2015 — and we might not see a new all-time high after all.
Last week was a tough week for Bitcoin (BTC) as sentiment shifted from bullish to bearish after the price fell from just under $10,000 to below $8,000 in a matter of hours on Sept. 24. After a brief bounce, Bitcoin hovered around $8,400 for 48-hours before the final drop to $7,740 came.
This produced a storm of tweets from bulls like Anthony Pompliano and bears like Peter Schiff took the opportunity to gloat about the cyclical misfortune Bitcoin frequently provides it’s supporters.
The recent plunge in Bitcoin’s price got the community going once again. As analysts and traders across the board are trying to figure out whether this is the bottom or not and if there’s more pain to come, legendary tech entrepreneur John McAfee came up, once again, with a firm statement. He said that he supports Peter Brandt in his guess that Bitcoin will bottom at around $5,500 and begin its bull run towards $50,000..
The death cross is usually considered a bearish sign. The bull run usually tends to take place after a Golden Cross, which took place on April 23. Contrary to popular belief, this Golden Cross was a fakeout, which was seen back in 2015. The first golden cross was followed by a massive spike in the price of BTC causing euphoria; however, the truth always seems to find a way to triumph over lies that people believed. The death cross was finally witnessed in October of 2015; an eerie coincidence that October 2019 will be the month that BTC might undergo a death cross?
On September 26, in the middle of a week during which Bitcoin (BTC) lost approximately 20% of its value, Hans Hauge, a Senior Quantitative Researcher at Ikigai Asset Management, found multiple reasons (based on fundamentals) to remain bullish on Bitcoin.
Analysts from JPMorgan have suggested that Bakkt is largely the reason why Bitcoin price fell below $8,000 last week. Even though activity has picked up a bit, the market is still a little discouraged.
Dow Jones Industrial Average (DJIA) futures ticked higher on Monday as Trump doubled down on the impeachment fight. In a series of late-night tweets on Sunday, he leveled accusations of treason at Adam Schiff – the Democrat leading the impeachment enquiry. The aggressive response will strengthen the resolve of the Republican party and rally Trump’s base behind him, thus boosting his re-election chances and propping up the stock market.
The cryptocurrency market has not been very eventful, especially for the number one cryptocurrency Bitcoin. It crashed last week in a rather dramatic manner, going as low as $7,500 before returning to the $8,000 range where it has been since then. While some people may be expecting an upside movement from here, cryptocurrency trader and analyst Josh Rager thinks differently.
He asserted that BTC can potentially go as low as $6,300 to $6.600 where there is major interest. This according to him is how low BTC can go in this crash until recovery.
Bitcoin prices edged lower on Monday, pressured by a current correction momentum that saw the cryptocurrency plunging by more than 40 percent since June this year.
The BTC/USD instrument was trading at $7,863.28 as of 0907 UTC, down 2.34 percent from the open. Around the same time, CME bitcoin futures had slipped by 1.99 percent to trade at $7,875.00, indicating the possibility of an extended downside correction on Monday.
That was one of the major takeaways from Galaxy Digital founder and CEO Michael Novogratz, who took part in the Korea Blockchain Week’s main event “D.FINE” on Monday. In a fireside chat with Ryan Lee of Dunamu & Partners, Novogratz noted that by entering the blockchain industry, global giants are helping boost the market.
“Blockchain services with a large number of users will change the industry,” he said, adding that tech-savvy Asia could serve as a test bed for the technology. “Asia’s fintech is just way better than U.S.’s.”
Per the agreement, BK Global Consortium was to remit $100 million, which is 120 billion won as a down payment for the whole deal. The $100 million was to set plans in motion to seal the deal that would see BK Global Consortium become the majority shareholder of Bithumb.
However, per info on a local news outlet, it seems BK Global was unable to raise the down payment. The consortium was to pay the $100 million by April. The latter was part of a deal that would see BK Global Consortium purchase 50+1 shares from Bithumb at 400 billion won that is $352 million.
Major cryptocurrency exchanges have come together to formulate a rating model for cryptocurrencies to justify the listing of a cryptoasset to American regulators, as reported by Wall Street Journal, September 30, 2019. Previously, the SEC has brought the power of the law down upon multiple startups for issuing a security through an initial coin offering (ICO) – as a retort, this framework will hope to provide a basis for these exchanges to list certain assets without drawing SEC attention.
This program, which is limited to spot markets on the international version of the site, opens up the Market Maker Pair List, which will be periodically updated. Members of this privileged list will have higher API limits and be able to trade with a reduction in fees.
The participants will receive a composite score that will track their performance on the exchange and, depending on their rankings, they will receive different benefits.
According to the exchange, the main characteristics that will be tracked are volumes, total order size, the duration of the orders, bids and offer spread and weight-adjusted on specific pairs, too.
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.