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

Unknown trader bought Bitcoin at the rate of $ 19,400

On a little-known Brazilian cryptocurrency exchange with limited liquidity, an unknown trader purchased Bitcoin at a price that significantly exceeded the market, reports CCN. So, for 0.0047 BTC he paid 340 Brazilian reais ($ 91). At this rate, 1 BTC would have cost him $ 19,400. The current market price of 0.0047 BTC is just over $ 18. By assumption CCN, the deal was […]

Published

on

On a little-known Brazilian cryptocurrency exchange with limited liquidity, an unknown trader purchased Bitcoin at a price that significantly exceeded the market, reports CCN .

So, for 0.0047 BTC he paid 340 Brazilian reais ($ 91). At this rate, 1 BTC would have cost him $ 19,400.

The current market price of 0.0047 BTC is a little over $ 18.

According to CCN, the deal was concluded as a result of the inexperience of the trader.

“He placed a large order for the purchase and thus emptied the entire glass of sales orders. Before buying out a bitcoin share at a price of $ 19,400, he also bought out bids at a price of $ 16,000, $ 13,000 and $ 10,000, ”the portal writes.

We add that the maximum rate of Bitcoin on the Brazilian stock exchanges in December 2017 reached $ 18,900.

Recall that in July 2018, Binance suspended the operation after one of the users paid 96 BTC for one Syscoin token .

Subscribe to the 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

In France, there will be another 10,000 points to buy cryptocurrencies for the euro

Published

on

French cryptocurrency startup Digycode is expanding its network. The company plans to open 10 thousand points for the sale of cryptocurrencies in France, cooperating in this matter with the payment giant Ingenico. The startup has already shared this good news on Twitter.

According to DailyHodl, a crypto startup will offer prepaid coupons, which can be purchased in three available options (20, 50 or 200 euros). A potential customer must go to the Digycode website and redeem a coupon. In this case, the euro will be converted into any of the selected currencies:

“Digycode integration is the result of a fruitful collaboration between Digital Service and Ingenico. By the way, tobacco shops equipped with Devlyx can offer our development to their customers. ”

Recall that in France they actively implement cryptocurrencies . We recently reported that by the end of February, 6.5 thousand tobacco shops will be equipped with devices for selling digital currencies. This is done, first of all, for those people who experience difficulties with buying Bitcoin online .

Publication date 18.02.2019
Share this material on social networks and leave your opinion in the comments below.


Continue Reading

News

The price of Bitcoin reached a monthly maximum, the bulls are preparing for a breakthrough for $ 4,000

On Monday, February 18, the price of the first cryptocurrency reached $ 3,700 at the Bitstamp exchange, thereby updating the monthly maximum. In the opinion of CoinDesk Markets analyst Omkar Godboul, this confirmed the formation of a downward wedge, a reversal pattern, which indicates a rapid change in trend. Nevertheless, Godboul noted that bitcoin is still stuck in a symmetrical triangle on the daily chart. At the same time […]

Published

on

On Monday, February 18, the price of the first cryptocurrency reached $ 3,700 at the Bitstamp exchange, thereby updating the monthly maximum. In the opinion of CoinDesk Markets analyst Omkar Godboul, this confirmed the formation of a downward wedge, a reversal pattern, which indicates a rapid change in trend.

Nevertheless, Godboul noted that bitcoin is still stuck in a symmetrical triangle on the daily chart. At the same time, the inverted head and shoulders on the four-hour chart speak in favor of breaking through the upper boundary of the triangle at $ 3,760, which will open the way to $ 4,030.

Note that today's growth of Bitcoin is supported by high volumes and an increasing number of long positions (38,237 BTC on Bitfinex). A break above $ 3,760 will change the situation on the daily chart in favor of the bulls, but failure will increase the chances of bears to return to $ 3,300.

The 5-day and 10-day moving averages (MA) on the daily chart point to the possibility of success for the bulls, while the 14-day RSI reached 61, the highest since September 2018.

It is noteworthy that on the four-hour chart RSI shows overbought. This may indicate a possible rollback before the rally to the specified values, says Godboul.

Meanwhile, Ethereum again entrenched in second place CoinMarketCap. Over the past 24 hours, the coin has grown by almost 10% and is close to the $ 140 mark. EOS and Bitcoin Cash come on the heels: they have 6.5% growth.

CoinMarketCap data

Subscribe to BlockchainJournal on YouTube !

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

BlockchainJournal.news

BlockchainJournal.news

Continue Reading

Trending

Copyright © 2018 blockchainjournal.news