Connect with us

News

6 reasons for the growth of cryptocurrency until the end of 2018

Published

on

The first digital currency traded in a narrow range for a long time, and over the last week not only showed a sharp decline, but also reached annual minimums. At this cost, Bitcoin is 4,666 US dollars.  

It is expected that many investors were panicked and began to withdraw their savings in a hurry. But do not forget the already proven fact that the cryptocurrency market is manipulated. This is understood by those traders who have dealt with the nuances of the cryptocurrency market and, in particular, with blockchain technology.  

Many experts are confident that such a bearish trend will relieve the market of newcomers, leaving only pioneers who are not so easily influenced. Anthony Pompiano, who is the founder of the venture capital firm Morgan Creek, said:

The current situation on the market will lead to the fact that many cryptocurrency funds, as well as ICO-startups just shut down. But this situation is quite normal, because a long bearish trend will clear the market of so-called "tourists", leaving only real entrepreneurs who will create sustainable value.  

But when will this bear market end? What events can be a catalyst for digital asset growth? To do this, you need to study the most current news in the field of blockchain, because significant events always affect the value of assets.  

Content

Bakkt launch

The first thing you need to pay attention to is the launch of the Bakkt cryptocurrency platform, which will be held on 12/12/2018.  

Krypto experts are confident that the Bakkt Exchange will be a global breakthrough in the world of digital assets, because it will provide Bitcoin futures trading with physical delivery, without margin services.  

Audit Tether (USDT)

Recently, the company Tether Limited published the results of an audit that showed the degree of security of the foundation of their digital asset USDT.  

“Bitcoin is property”  

That is how the first currency was designated by the Shenzhen Court of Arbitration. Officially, Bitcoin trading is banned in China, but this asset is considered and protected as “property”. This fact clearly indicates the interest of China in the cryptocurrency market. Perhaps next year, the authorities will react even more loyally to digital assets and lift the ban on trading.  

Temasek holding invests in the Binance cryptocurrency exchange

The Singapore government, through its investment company Temasek, invested in the well-known cryptocurrency exchange Binance.  

Stablecoin USDC at Coinbase

A stable USDC coin has been added to the Coinbase cryptocurrency exchange with the support of Goldman Sachs. It should be noted that this stablecoin was most actively traded on the Poloniex exchange, which was acquired by Circle in February 2018.

The conclusion suggests itself that it is clearly for some reason that some of the most influential bankers in the world have created their own consistently coin, as well as the leading cryptocurrency exchanges.  

Launch of EOSfinex and TON platforms

The launch of the EOSfinex and TON platforms is scheduled for the end of 2018. Of course, such events should occur at a favorable time. But experts are confident that large developers themselves create the right moments. Therefore, it is possible that the market situation will change closer to the launch of projects.

Considering all the above-mentioned events, we can say that digital assets have a real chance to grow by the end of this year. Profitgid will monitor the situation and keep you updated on the latest developments in the cryptocurrency market!  

Leave your comments below!  

News

Service from CipherTrace monitors suspicious activity for 700 crypto assets

The analytical service CipherTrace began to track suspicious transactions for more than 700 crypto assets, CoinDesk reports. The updated platform now supports 87 of the top 100 assets, as well as ERC-20 standard tokens. The CipherTrace solution allows you to view the complete transaction history for each of the digital currencies available for tracking and set alerts for addresses marked as suspicious. The company sells its product […]

Published

on

The analytical service CipherTrace began to track suspicious transactions for more than 700 crypto assets, CoinDesk reports.

The updated platform now supports 87 of the top 100 assets, as well as ERC-20 standard tokens. The CipherTrace solution allows you to view the complete transaction history for each of the digital currencies available for tracking and set alerts for addresses marked as suspicious.

The company sells its product to government organizations and law enforcement agencies, as well as companies seeking to comply with increasingly stringent regulations.

“By only helping virtual asset services free networks from criminals and terrorists, can the industry achieve a level of trust that is sufficient for massive adoption ,” said CipherTrace CEO Dave Jevans.

Also, he said, previously many large sections of the cryptocurrency ecosystem remained opaque, which made it difficult to combat money laundering and the financing of terrorism.

Recall that in September CipherTrace launched the Scout application , which allows determining whether certain coins in the Bitcoin and Ethereum blockchains are connected with criminal activity.

In particular, the application identifies coins that could be used in illegal activities, including darknet purchases and ransomware attacks requiring ransom in cryptocurrencies.

Subscribe to BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

Continue Reading

News

CME: The number of contracts for bitcoin futures in 2019 increased by 61%

Published

on

The Chicago Mercantile Exchange (CME) group on Monday presented a detailed report on the performance of its bitcoin futures market for the third quarter of this year.

According to the exchange, the number of active contracts compared to the same period last year increased by 61% – from 2,873 to 4,629. Despite the BTC price drop by 25%, the number of active contracts compared to the second quarter decreased by only 1%.

The average daily trading volume for CME bitcoin futures in the third quarter amounted to 5,534 contracts, up 10% compared to last year. The company notes that this value corresponds to 27,670 BTC or $ 289 million.

“Institutional flows remained strong. 454 new accounts were added against 231 in the third quarter of 2018, ”the exchange said.

The number of customers holding more than 25 bitcoins and ranked among large investors on this basis increased from 45 to 47 from the last quarter, while there were 34 of them a year ago.

About half of CME bitcoin futures trading in the third quarter was accounted for by users from the United States, 26% from the Asia-Pacific region, and 21% from Europe and the Middle East.

Last week, CME's head of alternative investments, Tim McCourt, said that the exchange hopes to attract no less interest in the upcoming options for bitcoin futures than in the futures themselves.

Publication date 10/15/2019
Share this material on social networks and leave your opinion in the comments below.


Continue Reading

News

CoinShares and Blockchain launch gold token on Bitcoin sidechain

Published

on

CoinShares, a company specializing in circulating asset management, together with Blockchain, a cryptocurrency wallet provider, as well as the Swiss company MKS, which provides precious metals trading services, introduced the DGLD token, secured by gold.

According to CoinShares, the launch of the network took place today, the project tokens are provided with $ 20 million in gold, which will be held in the Swiss store. Each DGLD token is supported by 1/10 troy ounce.

Danny Masters, a spokesman for CoinShares, noted that the new asset will function as a sidechain of the flagship cryptocurrency network. The token combines the stability of the world's most stable asset, that is, gold, and the security of the most reliable blockchain network, i.e. Bitcoin.

Masters also drew attention to the fact that DGLD owners can be calm about the fact that gold is physically stored in a reliable way in Switzerland, and at the same time take full advantage of a digital asset without resorting to the help of intermediaries, such as ETFs for gold.

Continue Reading
Advertisement

Name Price24H (%)
Bitcoin (BTC)
$8,170.25
-1.95%
Ethereum (ETH)
$179.60
-3.49%
XRP (XRP)
$0.289564
-2.19%
Bitcoin Cash (BCH)
$224.00
-1.09%
EOS (EOS)
$2.97
-5.28%
Stellar (XLM)
$0.064234
-1.32%
Litecoin (LTC)
$54.86
-3.58%
Cardano (ADA)
$0.039456
-4.83%
Tether (USDT)
$1.00
0.05%
Monero (XMR)
$51.85
-2.38%
Advertisement

Trending

Copyright © 2018 blockchainjournal.news