Curate Bitcoin 11/11/2019 by dobobs

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Current Market Price @CryptoCompare

Price Analysis 11/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX []

Price Analysis 11/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

However, a developing catalyst could be the launch of the China-backed central bank digital currency (CBDC). Jack Lee, a founding partner at HCM Capital, believes that China’s central bank is ready and the digital currency could be launched within the next two to three months. If this experiment is successful, it would likely force the other developed nations to follow suit.

Bitcoin (BTC) Poised to Beat S&P 500 Over the Next 12 Months: Chainalysis Survey []

Source: Chainalysis

Financial professionals think Bitcoin is likely to outperform the S&P 500, Bloomberg Barclays Bond Index, and the House Pricing Index in the next 12 months, according to a new survey. Chainalysis, a blockchain analysis company, just polled 350 finance professionals, asking a variety of questions relating to Bitcoin and cryptocurrency.  Nearly half of the respondents – the largest group – say Bitcoin will have the highest growth rate in the next year when compared to other investment categories like equities, fixed income bonds and housing.

Bakkt Bitcoin warehouse opens its doors to all customers []

“A critical link — perhaps the critical link — in the institutional adoption of bitcoin is custody. When investors have ready access to regulated custodians whose security and processes they trust, the full potential of this emerging asset class and technology can flourish,” said Bakkt COO Adam White in a blog post announcing the full launch of Bakkt institutional custody.

Michael Novogratz Warns China’s Digital Currency Revolution Might Undermine U.S. Reserve Status []

China is on a fast track to becoming a global digital currency power.
Billionaire Michael Novogratz warns that the country might undermine the United States’ reserve status. Some politicians are wary about embracing cryptocurrency networks.

US Online Shoppers Can Now Earn Bitcoin Rewards on Alibaba []

Reportedly, the service will be available to only the users of the app in the US. It will be unavailable in Alibaba’s largest market, China. Nevertheless, Alibaba saw a 24% increase in its international revenue which now accounts for about 10% for total revenue. In 2018, the Giant recorded annual revenue of $35.8 billion.

6 Months Before Halving Signs Indicate Bitcoin Miners Are Hoarding []

 6 Months Before Halving Signs Indicate Bitcoin Miners Are Hoarding
BTC inflation rate on November 11, 2019, is 3.85%. The BTC halving is estimated to occur on May 14, 2020.

The great bitcoin reward halvings are coming and many newcomers have not experienced a halving event unless they joined the crypto community prior to 2016. A few speculators believe bitcoin miners and whales are hoarding coins right now until after the adjustment so prices will be driven up. Moreover, for the first time, crypto proponents will observe how both BTC and BCH deal with the reward reduction as both networks are mined by some of the same pools.

Bithumb Global Launches Native Token for Exchange Ecosystem []

Bithumb Global has launched a native coin for Bithumb Chain, the exchange’s custom blockchain. Launched under the “BT” ticker, Bithumb Coin will work as a medium of exchange for the ecosystem, the company told CoinDesk in a statement Tuesday. The Bithumb Chain itself is expected to launch sometime in the first quarter of 2020.

Bitcoin turns bullish 20 days into CME Futures’ expiry; Average return of 11% witnessed []

Bitcoin’s mania caused a major influx of retail, especially toward the end of the 2017 bull run. 2017 was a significant year for Bitcoin considering the development and launch of Bitcoin Futures. Both CBOE and CME launched Bitcoin Futures in December 2017; however, CBOE, the first to introduce BTC Futures, announced in March 2019 that it would stop adding Futures contracts. CME’s Bitcoin Futures contracts continued gaining traction.

Note: Data for BTC price was obtained from Bitstamp exchange on TradingView

Cryptocurrency Exchanges Pressured to Collect More Private User Information by FATF []

The FATF’s recent guidelines have widespread implications on what private information exchanges need to track and collect from customers. Here are some insights on the recent regulation from CipherTrace’s Nov. 5 Cryptocurrency Travel Rule Compliance Conference and Hackathon.

Bullish Sentiments Are Building Up As Bitcoin Readies For Big Jump []

It’s been days since a bearish sentiment targeted the Bitcoin market. The crypto has been struggling to remain within the support level range for a while. A few days ago, the price took a sharp dive, dipping below the $9k mark. Expectedly, this move sent a shock across the entire crypto market and affected numerous other coins. It’s a fact that Bitcoin’s price movements often affect the rest since it’s the most valuable and popular crypto with the largest market cap.

Analyst Claims $8,700 Marks Good Long Opportunity for Bitcoin Despite Overnight Plunge []

After surging towards $9,300 yesterday, Bitcoin’s bulls have once again surrendered to bears, leading BTC to plummet back below its key support level at $9,000. This overnight movement has once again led the cryptocurrency back down to its previous support level at $8,700, and it is showing few signs of having any strength at the moment. Analysts are now noting that $8,700 could be an ideal region for traders to enter fresh longs, but that a decisive break below this level could spark a sharp selloff that sends BTC towards $8,100.

Report: China to Spend More Than $2B on Blockchain by 2023 []

China’s expenditure on blockchain technology is expected to increase with an annual compound growth rate of over 65% and to exceed $2 billion in 2023, reads a report by global market intelligence firm IDC. According to the IDC report, this year most blockchain expenditure went to the banking sector. Researchers expect that with the growth of blockchain use-cases in such industries as manufacturing, retail, and professional services, China will be ready to invest more in developing blockchain technology solutions for the above-mentioned industries.

Bitcoin Demand Model Reveals a ‘Clear Growth Trend’ (Since 2011) []

Whether BTC will grow its popularity and invite new fund inflows is still an uncertain guess. But if a halving rally does start shaping up like the predictions on different charts, some kind of a bullish price run may materialize. The probable day of the halving, May 15, 2020, arrives with varying Bitcoin price predictions, ranging from $16,000 to as high as $60,000. The actual inflows of funds into BTC are difficult to determine, as they come from multiple sources, including fiat, but mostly stablecoins.

Bitcoin Price Will Hit $500K and BTC Will Surpass Gold’s Market Cap, Says Bobby Lee []

Topmost cryptocurrency expert and co-founder of top cryptocurrency exchange BTCC Bobby Lee made some bullish predictions for Bitcoin in the mid-term to long-term sources indicate. Lee made this known via a couple of tweets which indicated his stance on how the current topmost cryptocurrency will fare within the next eight years.


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