Tag: Bitcoin (BTC)

Categories
Crypto Markets

Bitcoin (BTC) To Be Trading At $25K by The End Of 2018, According To Fundstrat’s Tom Lee

Although it may start to look like a track played in a loop, Tom Lee from Fundstrat has not yet dismissed his $25,000 prediction regarding the Bitcoin (BTC). At the beginning of the year, Lee declared that Bitcoin (BTC) will be traded at $20,000 by mid-2018 just to end the year at $25,000.

Now, even though the mid-2018 is here alright and Bitcoin (BTC) is traded at  $7,245 (-4.83 in the last 24 hours), thus, pretty much behind Lee’s $20,000 prediction for the mid-year, Tom Lee still refuses to change his mind regarding his $25,000 prediction for the end of the year.

According to him, it is very achievable for BTC to grow about 250% in the following 5-6 months to reach $25,000 by the end of 2018. However, even though Bitcoin (BTC) did it once, this year’s cryptocurrencies market is different and, as we speak, it follows a sort of a long-lasting downtrend.

Bitcoin (BTC) to be trading at $25,000 by the end of 2018, predicts Tom Lee

In a recent interview Tom Lee had on Bloomberg, he showed himself very comfy and confident with its predictions, despite the fact that he has already mistaken half of the forecast, as BTC hasn’t reached $20,000 in mid-2018 and is quite impossible for it to grow so much in only a month or two.

Based on what did Lee say, the cryptocurrencies count is supposed to surpass its former all-time high. The Fundstrat’s market analysts pointed to the rise of increased exposure in institutional work. In the last few months, businesses both within and beyond the mainstream cryptocurrency environment have released products and services targeted to big institutional investors. He gave Nasdaq and Goldman Sachs as examples.

Additionally, he also thinks that well-established cryptocurrency regulations, such as those in Japan, will, in fact, help the cryptocurrencies market on the long-term, especially the Bitcoin (BTC).

Tom Lee is completely sure the Bitcoin (BTC) will be trading at $25,000 by the end of 2018 also because Bitcoin mining will become costly, reaching around 13,000 by the end of the year, therefore the cryptocurrency has to be twice as valuable.

 

Categories
Crypto Real Estate

Ripple (XRP) Accepted As Cryptocurrency Payment Method On Propy For A $16 Million Property In Silicon Valley

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are the most popular among crypto enthusiasts and now they are all accepted as payment methods for the acquisition of 27 acres of land in Los Gatos, in California, as recently Ripple (XRP) has been accepted by Propy Inc as a cryptocurrency payment method.

Any announcements with regard to the adoption of cryptocurrency are particularly appreciated in this period of turmoil in the cryptocurrency market that has witnessed Bitcoin (BTC) drop to its current record low of $7,000. BTC is now trading at $7,241, at the time of this article. On the other hand, Ethereum (ETH) is currently traded at $533 and Ripple (XRP) is down to levels under 60 cents and quoted at $0.57.

Via Propy Inc, a real estate business committed to addressing cross-border real estate purchase challenges, a property appraised at $16 million may be acquired with BTC, ETH or XRP.

Propy Inc accepted Ripple (XRP) as a new cryptocurrency payment method for a $16 million property

The announcement has been made via a tweet on the official Propy Inc page on the social networks, which reads:

Great news! We added XRP as a cryptocurrency accepted at Propy, starting with a rare investment opportunity to acquire one of the last large pieces of city land in Silicon Valley! $, BTC, ETH and now #XRP are accepted. The offer is exclusive on #propy:

The property listed on the Propy Inc’s website features a thorough description of what it offers and also admits the acceptance of Ripple (XRP) as a cryptocurrency payment method, along with Bitcoin (BTC) and Ethereum (ETH).

BITCOIN & ETHER and XRP ACCEPTED! Welcome to Los Gatos! Located on Shannon Road, this rare 27-acre site near the top of Los Gatos is now for sale.

This property is the first on Propy to accept cryptocurrency payment in Ripple (XRP) but the real estate company is optimistic other properties will follow.

According to the current XRP value against the USD, one would need around 27,9 million Ripple (XRP) to acquire the property.

Categories
Crypto

Litecoin (LTC) And Bitcoin (BTC) Adopted As Cryptocurrency Payment Methods By iPayments Platform

On May 23rd, the provider of payment and transaction solutions, iPayment lnc. reported it is partnering with Aliant Payment Systems, a market-leading provider of cryptocurrency transaction processing and digital payment adoption. As a result of this partnership, Litecoin (LTC) and Bitcoin (BTC) will be supported as payments methods for enterprises and their distribution network partners via iPayment.

iPayment will give its clients the chance to receive payments in cryptocurrencies including Litecoin and Bitcoin across both digital and present card platforms with the support of Aliant Payment’s Crypto Processing Gateway.

“The payment environment is constantly changing, iPayment is looking for partnerships and collaborations with other companies that do not anticipate these changes but provide innovative solutions to address these changes, which is exactly what Aliant has devised. We look forward to developing this collaboration and introducing cryptocurrency payments to our channel partners and contributing to the overall product offering.”

Denise Tahali, the Senior VP at iPayments

iPayment adopts Litecoin (LTC) and Bitcoin (BTC) cryptocurrency payment thanks to its partnership with Aliant Payment Systems

iPayment boasts over 20 years of expertise in delivering payment services in the United States of America to over 137,000 micro, small and mid-sized businesses (SMBs). They are principally centered on small business capacity-building, delivering targeted solutions and services which can support members and small and medium-sized businesses in their efforts to flourish and prosper.

Aliant Payment Systems is a commercial and credit card processing service provider with well more than 15 years of expertise in this business. They offer a comprehensive line of credit card equipment, ATMs and payments solutions for all forms of businesses such as construction companies, e-commerce, and mobile sellers.

“Aliant’s main objective becomes one of the first to adopt and facilitate cryptocurrency payments. Working with an established, quality payment provider such as iPayments would enable us to meet that goal.”

Eric Brown, Aliant Payment Systems CEO

In short, iPayments has adopted Litecoin (LTC) and Bitcoin (BTC) as cryptocurrency payment methods thanks to their partnerships with Aliant Payment Systems, a renowned commercial and cred card processing service provider.

Categories
Crypto

OpenNode Is A New Bitcoin (BTC) Cryptocurrency Payments App Based On Lightning Network

Just a couple of days ago, a Bitcoin (BTC)-based cryptocurrency payments app for commercial customers, OpenNode, has been released. Its main features rely on the use of the Lightning Network protocol, which can process transactions faster and more secure, via channels parallel to the main Bitcoin blockchain.

As stated on the app’s site, this payment processor concentrates on simplifying the customers’ connections with blockchain technology and cryptocurrencies, in order to increase cryptos acceptance by the business sector, therefore enhancing the digital assets’ adoption as a method of payments.

All our tools and features are built around the idea that using bitcoin should be easy and empowering for both merchants and customers. This means moving away from traditional models that create an entry barrier with high transaction fees and complicated technical integrations.

OpenNode

The platform deducts only up to 1% in fees compared to other cryptocurrency payment apps such as BitPay, which, according to OpenNode, deducts fees of between 1% and 2% and centralized fiat money alternatives such as PayPal or Square where goes as high as 3%.

OpenNode cryptocurrency payments application based on Lightning Network hasn’t been well-received by the Bitcoin (BTC) community

This cryptocurrency payment application has not been very well received by the Bitcoin (BTC) community, which has been very critic regarding some aspects of this new project.

Nicolas Dorier, a developer and CTO at Metaco, a cryptocurrencies market platform for the banking sector, explained on Twitter that, “in addition to mistakenly claiming to be the first payment processor of its kind, OpenNode appears to be a centralized, non-open source project.”

Also, one Reddit user complained that even though OpenNode states to be “open, honest, ethical, and genuine” with their customer as they are following Bitcoin (BTC) ideals, there is no data about the people behind the project.

Other users on Reddit also showed disappointment regarding the fact that the OpenNode platform keeps customers’ cryptos, even though the Lightning Network doesn’t require this.

Additionally, others think that projects like this one are needed during the initial adoption of cryptocurrencies. However, apparently, OpenNode is still in its beta phase so many might change before the final release.

Categories
Crypto Markets

Cryptocurrencies Market Dropped $37 Billion In Market Cap Since Yesterday – Why Is This Happening?

Economic crisis - Stock market graphs and charts - Financial and business background

The main cryptos on the cryptocurrencies market have experienced significant drops today, a trending followed by the rest of the crypto coins on the market.

Bitcoin (BTC) dropped significantly since yesterday and other coins have followed

The Bitcoin (BTC) seemed to be holding steady at between $9,000 and $10,000 in the past weeks, following a major downturn in the first several months of the year.

In the last few days, however, BTC price has declined to $8,000 and today it has experienced a larger decrease, trading at about $7,900 at this moment.

Other coins have followed this trending, therefore, Ethereum (ETH) dropped by 9.34%, Ripple (XRP) sheds about 7,80%, while the EOS (EOS) registered, at the moment of this article, the biggest drop among the top 10 cryptos, losing about 11%.

Cryptocurrencies market dropped about $37 billion in market cap since yesterday

In fact, since yesterday morning when the leading cryptocurrency of the market started to drop fast, as common, this trending was followed immediately by the rest of the crypto coins in the cryptocurrencies market, massively affecting the global cryptocurrencies market capitalization. During the past day, the total market cap of the cryptocurrencies market shed $12 billion, from $381.6 billion to $369.8 billion.

Today, the crypto market dropped even further reaching to $345 billion, thus, losing about $25 billion more, raising the total loss at $37 billion.

These shifts have no obvious reason, as has been the situation in recent weeks. Even though at the start of this year the massive drop in the value of all the cryptocurrencies has been attributed to the emergence of cryptocurrency regulations, there is currently no strong argument that can be considered to explain this decline, over and above the cash flows that are determined by the daily demand and supply.

The cryptocurrencies market often presents these fluctuations from one time to the next as a result of a spontaneous behavior of the investors.

Exit mobile version