Category: Crypto

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Crypto Finance News

Max Keiser talks Bitcoin in the Latest Interview

Max Keiser is a veteran when it comes to Wall Street. He has plenty of experience and recently he shared with us some of his predictions for Bitcoin. When it comes to this coin, Keiser’s show, The Keiser Report was one of the first ones that covered it, almost 7 years ago.

One of the first ones to buy Bitcoin

Max Keiser recommended Bitcoin back in 2011, when it was priced at $3. Later that year, Bitcoin’s price went under $1, so a lot of persons had a chance to buy it. When Max Keiser was asked if he believes that Bitcoin will be “the single currency for the internet”, he agreed.

Bitcoin manipulation

Keiser also discussed about the possibility that Bitcoin could be manipulated. He believes that there is no proof of manipulation when it comes to comes to Bitcoin futures contract. He believes that the low price of Bitcoin and the launch of Bitcoin Futures is just a timing coincidence.

He also believes that we might see some important investors on the crypto market in the future: “On the flip side, I think the futures contract will be a factor with the next leg of the rally to new all-time highs. Investors like George Soros and the Rockefellers will use these instruments to hedge positions and so can build much bigger positions.”

The future for banks

Keiser was also asked whether he believes that banks are quietly buying Bitcoin in order to use it as a hedge in the future. According to Max, this is definitely true and he knows him. However, Keiser says that banks are not buying enough Bitcoins in order to save them. “If you know someone who works for a Central Bank, kiss them goodbye. It’s over,” he added.

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Crypto

Bithumb To Introduce P2P Cryptocurrencies Payment Platform For Social Networks

The Bithumb cryptocurrencies exchange, the second largest in South Korea, will launch a platform of peer2peer (p2p) payments for social networks, which could be called SNS Pay, and which will offer services to share, bill, and market products registered in social networks and blogs.

The information was disseminated through NextGen Systems and explains that the new platform will allow you to buy products directly on social networks, without having to search for an online store. In this regard, an unidentified spokesperson from Bithumb told that one of the objectives was to significantly increase the conversion rate that leads to the purchase, in addition to reducing transaction costs.

In parallel, in partnership with Wincube Marketing, a Korean e-commerce site offering coupon services, the company announced that it will sell 12,500 types of mobile coupons of 600 brands.

The coupons will be offered through gift certificates so that customers can use their cryptocurrencies or the Korean Won to buy.

The Bithumb plan, according to the publication, is to increase awareness that cryptocurrencies can be used as real money and not only as an investment, which is consistent with what seems to be one of the main goals of Bithumb in order to facilitate greater adoption, knowledge, and use of cryptocurrencies in South Korea.

Consequently, the Bithumb cryptocurrencies exchange has taken several initiatives

The most recent is the integration into 6,000 new points of sale of cryptocurrencies, as well as the alliance with Bitpay to process international payments with the United States, including the launch of a line of kiosks and ATMs that work with cryptocurrencies assets.

Bithumb is one of the largest exchange operators in South Korea and is currently offers the possibility to exchange 15 cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Tron (TRX), Litecoin (LTC), Monero (XMR), among others.

It should be noted that South Korea is one of the countries with the highest proportion of active users in terms of the use of both social networks and cryptocurrencies. 84% of the South Koreans are active in social networks, according to Statista data, and more than 40% of the adults are familiar with the concepts of cryptocurrencies and blockchain technology.

South Korea is a booming market, which grew more than 8 times between 2016 and 2017, generating an increase both in the number of cryptocurrencies exchange operators and in their profits.

Now Bithumb takes initiative to introduce a peer2peer (p2p) payment platform for social networks to ease up the cryptocurrencies acceptance and usage.

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Crypto

Ripple (XRP), Ethereum (ETH), And Litecoin (LTC) Price Analysis

The new week started with a slow recovery for the cryptocurrencies and Ripple (XRP), Ethereum (ETH), and Litecoin (LTC) are also turning green for a tough period of the market. Let’s see here what the graphs show for the future.

Ripple (XRP) doesn’t get the expected appreciation

The news revolving around Ripple (XRP) remains for the moment that Ripple (XRP) has tried and failed to buy its listing into the Coinbase and Gemini exchanges, leaving itself vulnerable to further inconvenience.

The lack of inclusion in two of the largest exchanges of cryptocurrencies in the US and the consequent loss, if the story is true, will leave the falls as the path of least resistance.

Currently trading around $0.49 but a break and close below its December 22nd’s minimum of $0.42 could cause XRP to retreat to the start of the strong rebound at $0.20.

On the Ripple (XRP) bullish side, $0.57 should limit any positive movement.

Ethereum (ETH) is still bearish, despite its slight increase

The second largest cryptocurrency, ETH, has lost more than $100 billion in cryptocurrencies market capitalization since its peak on January 15th.

The Ethereum (ETH) chart shows how all the rallies have been sold, while the downward trend since mid-January continues to limit any upward movement.

The recent low of $357 seems to be under pressure again, which leaves a big drop to the two lows observed in October and November of 2017, $275 and $278, respectively.

Right now, the Ethereum (ETH) is trading at about $410, gaining approximately 3% in the last 24 hours but the sentiment is still bearish, in general.

Litecoin (LTC) shows only a small increase in the last 24 hours

Another cryptocurrency that fell heavily recently, Litecoin (LTC) has at least shown some signs of stabilization in the last 9 trading sessions.

Having fallen below the Fibonacci retracement at $118, LTC currently trades around $114.

LTC is also trading on both sides of the bearish trend from the December 19 high. To push up, the cryptocurrency needs a continuous consolidation in the coming days, which would open the way again to $137, and then to the $150 value.

A break below the minimum double would leave LTC vulnerable to higher losses with weak support between $70 and $72.

In conclusion, cryptocurrencies market turned green and all the assets show gains but the sentiment is still bearish regarding Ripple (XRP), Ethereum (ETH), and Litecoin (LTC).

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Crypto Economy

Bitcoin (BTC) Trading Attracts George Soros, The Rockefeller Family, And The Rothchild Family

After the strong correction of more than 60% experienced by the Bitcoin (BTC) cryptocurrency since its peak during last December, the time has come for the big sharks to join the frenzy. At least three of the most prominent members of the financial “royalty” believe in Bitcoin’s rise, as, in recent days, news emerged that George Soros, the Rockefeller family, and the Rothschilds are ready to make big investments in Bitcoin (BTC).

George Soros changed his mind in just three months

This news comes just three months after Soros himself described Bitcoin (BTC) as a bubble.

Now, Bloomberg revealed that Adam Fisher, the manager of the global macro investments of the Soros’ funds, has received authorization to trade cryptocurrencies but has not yet made any investments, according to the sources.

Also, the Rockefeller family would have plans to get on the wave of cryptocurrencies

As published by CoinTelegraph, the Rockefeller family’s venture capital fund, Venrock, has partnered with the CoinFund platform to not miss the boom of both cryptocurrency and the blockchain technology itself.

In this sense, David Pakman, partner of Venrock, told for Fortune that they are “very patient, (…) long investors and (…) wonder what will happen in the next five to ten years.”

The Rothchild family is buying Bitcoin (BTC) since the last year

In this way, both George Soros and Rockefeller follow the steps that the Rothchild family took last year when they decided to enter in the cryptocurrency investments world by buying Bitcoin (BTC) through the Grayscale Bitcoin Trust, according to their annual report.

Thus, it seems that the elites of the finances universe begin to believe that the cryptocurrencies market problems have passed after the strong correction experienced since December. In fact, Bitcoin (BTC) is a cryptocurrency par excellence, which is now trading above $6,800, while right before last Christmas it was touching the $20,000 mark after its debut in the futures market in Chicago.

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Crypto Finance

A New Update was Released for Cardano (ADA)

Cardano (ADA) has released a new update for its 2018 roadmap. This means that they have some great projects on their way for this coin. Let’s see what is on its way for Cardano.

Paper wallets

There will be a new update for the Paper Wallet. Cardao wants to introduce Paper Wallets which is a great new addition that will allow users to store their ADA coins in a protected offline storage. This means that users will also be able to send, receive or keep their coins.

This update means that users will receive certificates that can be printed and that will help them keep money in their offline wallets. It appears that when it comes to Paper Wallets, the progress is at 33%.

Linux

As Linux OS was forgotten when Daedalus was released, and the attention went to Mac and Windows, it appears that the Cardano Team wants to fix that.  A Beta version was already announced and it is supposed to be released on Linux.

However, the Linux version is not complete yet. For example, the Daedalus software has a feature that brings updates automatically, but this version is only available for Mac and Windows.

Decentralization

Decentralization is something that becomes more and more important for the crypto world. That is why Cardano is working hard in order to go through the decentralized phase, and move from the centralized phase. The initial phase is named the Byron Phase and the next one is supposed to be called Shelly Phase.

The decentralized features will start to be testes around Q3 and Cardano will test them through participation on testnet. This means that a new decentralized Cardano Netowork should be completed and ready to emerge by the end of this year.

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