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What Bitcoin’s Valuation Says About Its Volatility

What Bitcoin’s Valuation Says About Its Volatility

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. What Bitcoin’s Valuation Says About Its Volatility Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. For a primer on crypto valuation concepts, you can download our free report here. Most of us think we understand the term “volatility.” We digest headlines about tense political situations around the world; we are wary of explosive chemical compounds; some of us have had relationships with their fair share of ups and downs. “Volatility” implies sharp and unpredict
Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely

Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely

PRICE ANALYSIS
Please share if you find this article interesting. Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar.The price is holding the $10,000 support and it could bounce back in the near term.There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).The price could dip in the short term before it starts a fresh increase above $10,500 in the near term.Bitcoin price is showing positive signs above $10,000 against the US Dollar. BTC could rise steadily as long as there is no close below the $10,000 support area.Bitcoin Price Weekly Analysis (BTC)In the last weekly forecast, we saw bitcoin price hold...
Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money – Bitcoin News

Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money – Bitcoin News

BITCOIN
Please share if you find this article interesting. Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money - Bitcoin News There’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust the sovereign bolivar. Unfortunately, most Venezuelans are not getting any exposure to digital currency use cases, and according to Ryver’s community manager, Sofia Corona, some people spreading the crypto message are doing it all wrong. Also Read: Developer Reveals Token Reward Platform Fueled by Bitcoin Cash 88% of Venezuelan Respondents Don’t Trust Their Currency This wee
How Prime Brokerage Will Affect Crypto Markets – Bitcoin News

How Prime Brokerage Will Affect Crypto Markets – Bitcoin News

BITCOIN
Please share if you find this article interesting. How Prime Brokerage Will Affect Crypto Markets - Bitcoin News Prime brokerage firms are coming for crypto in what’s likely to be a race of winner-takes-almost-all. Goldman Sachs is synonymous with institutional wealth and power, even to those who’ve never purchased a financial product in their life. Like the eponymous tower it occupies in Jersey City, Goldman Sachs dominates the prime brokerage trade. What will happen when crypto gains its own Goldman Sachs – an institutional investment company whose AUM grant it unprecedented sway? Also read: Crypto Facilitates Money Transfer for Restricted China Prime Brokerage Is Coming for Crypto Prime brokerage is a term that’s synonymous with financial markets, but never with crypto. Used
You Can Now Prove a Whole Blockchain With One Math Problem – Really

You Can Now Prove a Whole Blockchain With One Math Problem – Really

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. You Can Now Prove a Whole Blockchain With One Math Problem – Really The Electric Coin Company (ECC) says it discovered a new way to scale blockchains with “recursive proof composition,” a proof to verify the entirety of a blockchain in one function. For the ECC and zcash, the new project, Halo, may hold the key to privacy at scale. A privacy coin based on zero-knowledge proofs, referred to as zk-SNARKs, zcash’s current underlying protocol relies on “trusted setups.” These mathematical parameters were used twice in zcash’s short history: upon its launch in 2016 and first large protocol change, Sapling, in 2018. Zcash masks transations through zk-SNARKs but the creation of initial parameters remains an issue. By not destroying a tr
Bitcoin Price Indicator May Signal Next Leg Higher

Bitcoin Price Indicator May Signal Next Leg Higher

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Price Indicator May Signal Next Leg Higher History looks to be repeating itself in the bitcoin market, as a key indicator’s bullish turn could mark the beginning of the next meteoric price rally. The world’s most valuable cryptocurrency’s price action seen over the last eight months is very similar to the moves seen in 2015, according to Bitstamp data. For instance, the bitcoin bear market ended near $3,100 in mid-December 2018 and prices built a base below $4,000 in the following three months before breaking into a bull market on April 2. Notably, the bear market drop ran out of steam two months before the 50- and 10-week moving averages confirmed a bearish crossover (in February 2019). Further, the new bull market began
Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin – Bitcoin News

Nature Abhors a Vacuum: Why Trump’s Proposed Negative Rates Bode Well for Bitcoin – Bitcoin News

BITCOIN
Please share if you find this article interesting. Nature Abhors a Vacuum: Why Trump's Proposed Negative Rates Bode Well for Bitcoin - Bitcoin News In a recent tweet, U.S. president Donald Trump delved into an explosive, all-caps-loaded mini-rant about the necessity of getting “interest rates down to ZERO, or less.” The bombastic politician stressed the need for America to refinance its debt, trailing off with some superficially conservative speak about the U.S. and its “great currency, power, and balance sheet,” and calling the Fed “boneheads” for refusing to inflate credit bubbles further. Sycophantic support of the leader aside, negative interest rate policies (NIRP) are slowly but surely gaining prominence worldwide, setting everyone up for a fall that can only be solved by
Crypto Facilitates Money Transfer for Restricted China – Bitcoin News

Crypto Facilitates Money Transfer for Restricted China – Bitcoin News

BITCOIN
Please share if you find this article interesting. Crypto Facilitates Money Transfer for Restricted China - Bitcoin News Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal for nationals to send over $50,000 in fiat money in a day, without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money can be difficult. In spite of bitcoin’s somewhat precarious legal standing within the nation, Chinese are nonetheless finding a ready avenue of non-draconian, free market exchange in all things cryptocurrency, using these channels to prosper even in the face of economic oppression. Also Read: Local.Bitcoin
Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated – Bitcoin News

Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated – Bitcoin News

BITCOIN
Please share if you find this article interesting. Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated - Bitcoin News Three months ago, Bitcoin.com launched its over-the-counter BCH marketplace on June 4. Since then, Local.Bitcoin.com has aggregated more than 56,000 accounts, hundreds of bustling users every day and thousands of BCH trade offers. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed 56,000 Local.Bitcoin.com Accounts and Growing Over the last few months, the peer-to-peer marketplace Local.Bitcoin.com has seen steady growth when it comes to registered accounts and liquidity. At the time of publication, the noncustodial trading platform has more than 56,000 accounts stemming from cities and towns all around the world. Some of the mo...
Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring 

Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring 

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring  Coinme, which provides kiosks and ATMs for digital currencies, raised $1.5 million in a Series A-1 financing round that included Ripple’s subsidiary Xpring and Blockchain Finance Fund. Proceeds from the funding will be used for additional licensing to expand its U.S. and international coverage. The company is licensed to operate bitcoin ATM’s in 29 states and will apply for licenses further state licenses in the near future, Neil Bergquist, co-founder and CEO of Coinme told CoinDesk. As for international markets, Coinme has set its eyes on Europe, Central and South America given the high popularity of cryptocurrencies in these countries, Bergquist added.