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Why Bitcoin and Crypto Market Cap will Hit $1 Trillion in 2018

Why Bitcoin and Crypto Market Cap will Hit $1 Trillion in 2018

BITCOIN
Why Bitcoin and Crypto Market Cap will Hit $1 Trillion in 2018 So here is the thing that most people don’t understand is going on when it comes to crypto currencies, Bitcoin, Blockchain, and especially ICO’s. Many people are star-struck with the gains made in 2017 with $2 bln invested into ICOs and think this is a breakthrough moment. Let me tell you it is not. We haven’t seen anything yet as 2018 will dwarf 2017 advancements by a factor of x10 or x20. In 2018 there will be $20 bln to $25 bln invested in ICOs and it won’t stop there as the major pieces start to fall into place as the real big game unfolds. Then kaaaaBOOM! Heading to trillion The market cap if crypto will explode and pass $500 mln, and start to head to $1 tln. But how - I hear you say? Simply through institutional mo
Russian Economic Development Minister Calls Bitcoin Worse Than Casinos

Russian Economic Development Minister Calls Bitcoin Worse Than Casinos

BITCOIN
Russian Economic Development Minister Calls Bitcoin Worse Than Casinos Russia moves quickly in its push against Bitcoin and other decentralised currencies, as it first issued a ban on access to exchanges, then followed that up with a state-mandated currency. This play is to seemingly control the burgeoning cryptocurrency market within its state borders, allowing the government to be in charge of digital currencies and of course to tax them. The Russian regulatory model is one that is seemingly not against digital currencies, but against ones that are decentralized and not controlled by powerful officials. This has in turn seen more and more of those at the top in Russia come out and slander Bitcoin. Russia’s Economic Development Minister, Maksim Oreskin, has said that Bitcoin is no

Wall Street Analyst: Strong Case For Bitcoin Price Achieving $25,000 by 2022

PRICE ANALYSIS
Tom Lee, a highly regarded Wall Street analyst and the co-founder of Fundstrat, believes the Bitcoin price would achieve $25,000 in the next five years, by 2022. Short-Term Price Trend of Bitcoin: At Least $6,000 by Mid-2018 In the short-term, by mid-2018, Lee explained that the price of Bitcoin would surpass the $6,000, based on the Metcalfe’s law. “If you build a very simple model valuing Bitcoin as the square function of users times the average transaction value, 94 percent of the Bitcoin moved over the past four years is explained by that explanation,” said Lee. Top strategist @fundstrat: Bitcoin will soar to $25,000 in 5 years pic.twitter.com/Vp8fPjp6T3 — Business Insider (@businessinsider) October 19, 2017 The model used by Lee and Fundstrat to predict the short-term price trend of
Japanese Ripple Crypto Exchange Takes Hit as Founder Arrested for Scam

Japanese Ripple Crypto Exchange Takes Hit as Founder Arrested for Scam

BITCOIN
Japanese Ripple Crypto Exchange Takes Hit as Founder Arrested for Scam Ripple cryptocurrency exchange in Hamamatsu, Shizuoka Prefecture, was raided by police as they closed in on the manager of the exchange who was looking to make off with ¥1.4 mln ($12,470) of one of their customer’s money. Yuki Takenaka, the 31-year-old founder and head of a company operating the Ripple exchange, collected his stolen funds even though his firm was in a state of collapse and unable to make refunds at that time. Scam It is the first arrest in Japan made in connection with a bourse of the Ripple virtual currency, as Takenaka has admitted to most of the charges, according to the police. Having set up the exchange in May 2014, Takenaka quickly fell out of favour as users were unable to withdraw cash or
IRS Hunt for Cryptocurrency Isn’t Going Away: Expert Blog

IRS Hunt for Cryptocurrency Isn’t Going Away: Expert Blog

BITCOIN
IRS Hunt for Cryptocurrency Isn’t Going Away: Expert Blog *Expert Blog is Cointelegraph new series of articles by the crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis from industry leaders. If you want to become our guest author and get published on Cointelegraph, please send us an email at [email protected] Are Bitcoin and other cryptocurrencies still in the IRS crosshairs? Bitcoin users are surely the most at risk from a tax compliance viewpoint. However, it’s clear that other digital currencies may not be far behind. In IRS Notice 2014-21, the IRS announced that Bitcoin and other digital currency is actually property for tax purposes, not currency. That in itself has some big tax conseque
Gold Versus Bitcoin, Goldman Sachs Prefers Metal to Crypto – Bitcoin News

Gold Versus Bitcoin, Goldman Sachs Prefers Metal to Crypto – Bitcoin News

BITCOIN
Gold Versus Bitcoin, Goldman Sachs Prefers Metal to Crypto - Bitcoin News Markets and Prices Bitcoin’s creator patterned his digital commodity money after history’s most famous analog store of value for currencies, gold. Debate rages as to whether bitcoin will overtake gold’s place.  Gold Remains Goldman Sachs’ Refuge Recent volatility analysis of bitcoin’s “exchange rate means that merchants accepting Bitcoin (who do not, implicitly, want to become Bitcoin speculators themselves) should demand large volatility premia to hedge” against their assumed risk in accepting the world’s most popular cryptocurrency, Goldman Sachs’ Michael Hinds, Mikhail Sprogis, and Jeffrey Currie urge. Their report, provocatively titled Fear and Wealth, stressed how “a 3-day USD/BTC put option at hist
Switzerland Awards First AML/KYC Licence To Bitcoin Company

Switzerland Awards First AML/KYC Licence To Bitcoin Company

BITCOIN
Switzerland Awards First AML/KYC Licence To Bitcoin Company Payment gateway Payment21’s owner has become the first Bitcoin company to gain full regulatory compliance from Switzerland's financial regulator. In a blog post Tuesday, Moving Media announced it had a licence as a so-called Directly Subordinated Financial Intermediary (DSFI). This represents supervision by the Swiss Financial Market Supervisory Authority (FINMA) as a compliant partner in AML and KYC regulation. The licensing came after what Moving Media describes as “over one year of substantial effort and investment.” Managing Director Bernhard Kaufmann commented: “We are committed to meeting the legal requirements of the Swiss financial marketplace.  Our handling of compliance issues enriches the digital currency ecosys
Hard Times For Bitcoin Forks As Whalepool Traders Say No To SegWit2x

Hard Times For Bitcoin Forks As Whalepool Traders Say No To SegWit2x

BITCOIN
Hard Times For Bitcoin Forks As Whalepool Traders Say No To SegWit2x SegWit2x’s list of detractors is growing daily as dedicated records site NOB2X.com adds major discussion group Whalepool. The trading group, which includes prominent cryptocurrency industry figures such as Charlie Shrem, asked NOB2X to update its listings to include them, marking the latest entity to signal formal opposition to the Bitcoin hard fork. “We oppose NYA and support… Bitcoin,” the group confirmed on Twitter Wednesday. @nvk please add us to nob2x list, we are a free+open community of traders who are active on BT2 futures. We oppose NYA and support #Bitcoin — Whalepool (@whalepool) October 18, 2017 SegWit2x is encountering more opposition as its network snapshot date nears. This week, both Korea’s largest
CEX.io and Unocoin Announce Fork Arrangements – Bitcoin News

CEX.io and Unocoin Announce Fork Arrangements – Bitcoin News

BITCOIN
CEX.io and Unocoin Announce Fork Arrangements - Bitcoin News News This week two more exchanges revealed their plans for the upcoming Segwit2x fork this November. The London-based exchange CEX.io explains that whether the company supports the split or not customers will receive split tokens if the fork takes place. Further, the Indian exchange Unocoin has revealed it will be supporting the chain with the most “mining/community” support. Also read: Bitfinex Launches Segwit2x ‘Chain Split Tokens The Trading Platform CEX.io Closely Observes the Ongoing Transformations and Considers the Measures Taken Under Emerging Conditions The exchange CEX.io revealed its position towards the Segwit2x fork on Tuesday, October 17. The trading platform’s official statement details that there has b
Calvin Ayre Declares Bitcoin Cash “The Only Bitcoin”

Calvin Ayre Declares Bitcoin Cash “The Only Bitcoin”

BITCOIN
Calvin Ayre Declares Bitcoin Cash "The Only Bitcoin" Technology In a statement addressing the upcoming the bitcoin (BTC) fork that is scheduled for mid-November, Calvin Ayre has stated it’s belief that Bitcoin Cash [Bitcoin (BCC)] is “the only bitcoin.” Also Read: Fork Debate Drops to New Low, Outspoken Developer Lopp’s Home Surrounded by Police “When We Say Bitcoin, We Mean Bitcoin Cash” With the number of chains forked from the original bitcoin blockchain expected to increase, a number of companies and media organizations are seeking to provide clarification regarding the specific nomenclature referring to each chain. Calvinayre has issued a statement clarifying that when using the term ‘bitcoin’, the website will be referring to the bitcoin (BCC) chain. The statement expres