Fundstrat Global Advisors analyst Robert Sluymer published a technical analysis of the state of the crypto bank, which gave him the opportunity to conclude that most cryptocurrencies are ready for new growth. And if in May he advised investors to remain calm, then at the current moment, in his opinion, the situation allows us to recommend investing in cryptoactive assets. The movement of the relative strength index from the neutral began to move into an uptrend, he wrote, while indicating that Bitcoin will have another rally in the direction of $ 8,800- $ 9,000 per unit. At the same time,…
Author: BlockchainJournal
Digital asset management company Grayscale Investments has published a regular report , which examined the influence of factors such as the US-China trade war and the devaluation of the yuan on the prices of cryptocurrencies . Analysts found that the steady growth of Bitcoin showed during the economic difficulties of the traditional finance industry. For example, simultaneously with the emergence of concerns about Brexit from June to December 2016, Bitcoin grew by 7.1%. During the same period, the euro fell by 2.4%, the pound – by 8.1%, and the MSCI World Price index – by 4.9%. Similarly, to the accompaniment…
The first cryptocurrency managed to break through resistance in the range of $ 8400-8500. Now the coin is trading at $ 8,700, and its capitalization has exceeded $ 150 billion. The chart below shows how on Friday evening the price of BTC made a sharp breakthrough against the background of high trading volumes: According to the “old tradition”, Bitcoin pulled almost the rest of the market. In particular, so now […]
The Internet should have its own native currency. However, one particular enterprise cannot create this currency, nor can it prevent its emergence. So far, Bitcoin is the best contender for such a responsible role, co-founder of Twitter and Fintech startup Square Jack Dorsey believes. #forkquote pic.twitter.com/fkyoxljIUn – ForkLog (@ForkLog) June 14, 2019 Dorsey stressed that such a […]
Wall Street traders are betting on the growth of bitcoin , according to data from the only regulated US stock exchange offering bitcoin futures . Now the bitcoin equivalent in CME futures is $ 50-100 more expensive than buying real bitcoin on the spot exchange. Wall Street is definitely betting on the growth of Bitcoin, since the September contracts have the highest premium. They successfully block the current price by buying Bitcoin futures, and in September they will close the position at higher rates. Be that as it may, given the volatility of BTC, the cryptocurrency shows lateral movement, which…
Two startups whose activities are related to the development of blockchain technologies have teamed up to allow Amazon users to make purchases using Ethereum. In a press release from the payment crypto company CLIC Technology, it is said that cooperation with the decentralized ecosystem Opporty has begun. Together, the companies intend to work on creating a browser extension that will work as an application, allowing customers of the Amazon online store to pay for purchases with Ethereum cryptocurrency. Note that Amazon does not accept cryptocurrency. To achieve this goal, Plasma Cash technology will be used, which was introduced last March…
Russia plans to oblige national payment systems to transfer the authentication function of bank customers for online payments to the National Payment Card System (NSPK). This is stated in the amendments to the law "On the national payment system," awaiting a second reading. This is a 3D Secure protocol that provides additional security when making online purchases and other cash transactions. An SMS, […]
On July 22, the American cryptocurrency platform Bakkt will start testing Bitcoin futures with a physical delivery of the PTS. This was reported on Bakkt's Medium blog by Bakkt’s Chief Operating Officer Adam White. “On July 22, two days after the 50th anniversary of the Apollo 11 mission, Bakkt will begin testing at the user level bitcoin futures listed on ICE Futures US with calculations for ICE Clear US ,” wrote White. He added that the Bakkt solution eliminates a number of risks that hinder the wider distribution of cryptocurrencies – regulatory uncertainty, the large difference in bitcoin prices across…
Visa, Mastercard, PayPal and Uber are among the investors of the cryptocurrency project Facebook, writes The Wall Street Journal . According to the publication, the social network has gained the support of more than a dozen organizations that have shown interest in its cryptocurrency GlobalCoin . Each of them will invest about $ 10 million in a consortium that will take over the project management function. The funds received will be used to provide steyblecoin pegged to a basket of national currencies. The WSJ also mentions that Stripe, Booking.com and MercadoLibre are taking part in the project, but their role…
In the next year and a half, the situation in the traditional banking system may have a positive impact on the price of Bitcoin, says Anthony Plompiano, founder of Morgan Creek Digital Assets. At the same time, the impact of Bitcoin on the global economic and financial system may significantly increase. Pompiano, a popular analyst and a bright supporter of cryptocurrency , noted three factors determining the bright future of Bitcoin: continuing to gain momentum trade war the United States and China Pigeon policy of central banks future halving BTC . “In the next 12-18 months, we will have an“…