Please share if you find this article interesting. Keiser - Crypto Headed For $1 Tln Market Cap Following the launch of Bitcoin futures trading on the Chicago Board Options Exchange, the financial world is trying to come to grips with what Bitcoin really is. The total market cap of cryptocurrencies has surpassed the $500 bln mark - and it’s fair to say that every financial institution is sitting up and taking stock of virtual currencies and their underlying Blockchain technology. However, many people are still in the dark and have less than a basic understanding of cryptocurrencies. Keiser - three characteristics of Bitcoin In the latest edition of the Keiser Report on RT, show host Max Keiser speculated on the effect that Bitcoin futures would have on the Bitcoin market. As per
Please share if you find this article interesting. DASH and Litecoin Analysis December 18, 2017 DASH/USD DASH continues to be very volatile, bouncing between the $800 level on the bottom, and the $1000 level on the top. This type of volatility continues to be an issue, but I think eventually we will break out and clear the $1000 level. In the meantime, buying the dips on short-term charts continues to be the best way to play this market. LTC/USD Litecoin continues to be very bullish, initially testing the $250 level underneath. We bounced from there, and have now formed a bit of a hammer, and that of course is a bullish sign. I think we will eventually clear this region, but right now it’s likely to see consolidate of action around the $300 level, until traders are comfortabl
Please share if you find this article interesting. Ethereum Analysis December 18, 2017 ETH/USD Ethereum initially fell during the trading session on Friday, testing the vital $600 level. We have rallied significantly since then, so it looks as if this market is going to continue to be a “buy on the dips” situation. I believe that eventually we will go looking towards the $700 level, and that of course the $800 level after that. A breakdown below $600 could send this market down to $500. ETH/BTC Ethereum broke down against Bitcoin, and now that we are below the 0.04 level, and of course Bitcoin is rallying significantly, I believe that this market will continue the downward trajectory, perhaps reaching as low as the 0.025 level underneath. [embedded content] Go to Sou
Please share if you find this article interesting. Bitcoin Analysis December 18, 2017 BTC/USD Bitcoin has rallied significantly during the trading session on Friday, breaking above the top of an ascending triangle. By measuring the move, we get a potential rally to the $23,000 level, but expect short-term pullbacks occasionally. It looks as if the bullish pressure continues, as momentum has picked back up to the upside. BTC/JPY Bitcoin has rallied against the Japanese yen as well, although and not as clear of a pattern as against the US dollar. This being the case, looks as if we are going to reach towards the ¥2.2 million level again, which makes sense considering the 40% of Bitcoin trading comes out of Japan, and through the retail sector. Buying on the dips continues to be
Please share if you find this article interesting. Corporate Blockchain Brain Drain Is About More Than Money Sandra Ro is managing partner and COO at startup UWINCorp and a former head of digitization for U.S. derivatives giant CME Group, where she spearheaded blockchain and cryptocurrency efforts. The following article is an exclusive contribution to CoinDesk's 2017 in Review. "When morality comes up against profit, it is seldom that profit loses." — Congresswoman Shirley Chisholm, first African-American Congresswoman elected in 1968. Bitcoin at all-time highs, blockchain conferences multiplying like CryptoKitties. Things are certainly changing. But, some things aren't exactly keeping up with the times. During the last 50 years, humanity has made great leaps and strides in tec
Please share if you find this article interesting. US ISIS Supporter Caught Sending $150k In Laundered Crypto To Syria Long Island, New York: a woman is facing up to 110 years in jail after trying to send $150,000 in Bitcoin and altcoins to ISIS. The New York Post reported how Zoobia Shahnaz fooled banks into giving her loans and credit cards, which she then used to purchase cryptocurrencies. The loan Shahnaz secured amounted to $22,500, while several credit cards contributed to a further $62,000 in cryptocurrency sent abroad to support the terrorist organization. Shahnaz, a US citizen, previously worked as a lab technician in a Manhattan hospital. Last year she traveled to Jordan to work with the Syrian American Medical Society as a volunteer medic in Syrian refugee camps where,...
Please share if you find this article interesting. ICOs Against the World Economy Bubble? Miko Matsumura, the founder of Evercoin cryptocurrency exchange, was one of the pioneers of the first wave of internet boom as a Chief Evangelist for the Java Language and Platform. He has been active in the Silicon Valley for over 25 years and has raised $50 mln in capital for open source startups. As a board member of the Liberation Institute, which is known for providing scale and donation based clinical mental health counseling and services to underserved populations, he also has his philanthropic side. Miko has been active in his support for the crypto community and acts as an advisor to several initial coin offerings (ICOs) including the ICO of NAGA, which ends on Dec. 15, 2017. We ask...
Please share if you find this article interesting. Korean Regulation Fails to Shake Bitcoin Market But Could Wipe Out Some Exchanges - Bitcoin News Regulation After South Korea’s regulators announced their emergency measures for cryptocurrencies, the bitcoin market breathes a sigh of relief. While a blanket ban was not adopted, other smaller bans remain and a clampdown on virtual bank accounts is presenting a serious challenge to exchanges. Also read: South Korea Clarifies Position After Reports of Possible Ban on All Crypto Transactions Bitcoin Market Relieved South Korean prime minister. The South Korean government held an emergency meeting on Thursday to adopt some measures to regulate the cryptocurrency market. The measures were announced to the public on the same day. T
Please share if you find this article interesting. More to Come? Bitcoin Sets Record High Near $18k Having successfully defended $16,000 earlier this week, bitcoin regained bid tone today and clocked a fresh record valuation above $17,800. The cryptocurrency rose to a new lifetime high of $17,801.94 at 10:30 UTC, erasing the previous record high of $17,631.42 set on Dec. 12, as per CoinDesk's Bitcoin Price Index (BPI). Bitcoin (BTC) has spent a better part of the last week trading sideways amid sharp gains in alternative cryptocurrencies, falling to $16,000 at points, before rising 8 percent in the last 24 hours. Still, the repeated rebounds from $16,000 levels are likely evidence of a strong "buy the dip" mentality among traders. That said, the price chart analysis shows that bi...
Please share if you find this article interesting. US Fed Chair Speaks Out On Bitcoin and National Crypto The outgoing US Federal Reserve (the Fed) chair, Janet Yellen, commented on Bitcoin and the Fed’s relationship to the digital currency at a press conference in Washington on Wednesday. During the meeting, Yellen addressed three areas relating to cryptocurrency -- speculation, regulation and government-issued digital currencies. On the nature of Bitcoin, she commented that though the cryptocurrency has seen a remarkable growth in recent months, it is still a “highly speculative asset” and “not a stable source of value." She also noted that Bitcoin remains a very small part of the overall payment system. Yellen also commented on the Fed’s relationship to Bitcoin. She reiterated