Tag: Bitcoin (BTC)

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Crypto

New York Stock Exchange Might Introduce Bitcoin (BTC) Trading Platform, After Goldman Sachs Also Showed Interest In Crypto Investments

Despite the misgivings that many investors and managers have shown in recent months towards cryptocurrencies, the barriers to dealing with them seem to be becoming less and less resilient. Even on Wall Street s the New York Stock Exchange is up for accepting Bitcoin (BTC) trading on a future platform, specially designed for this.

Not much is known about the characteristics of the project. Also, is not yet a certainty, despite the inclination of some market participants to connect with cryptocurrencies via the New York Stock Exchange.

The news, which has been confirmed in the media by four people involved in the initiative, has not yet been confirmed by the New York Stock Exchange’s parent company. The plans came just hours after another US financial symbol, Goldman Sachs, has confirmed that it will carry out the first internal transactions relating to cryptocurrency in the upcoming weeks.

Prior to New York Stock Exchange, Goldman Sachs also announced upcoming Bitcoin (BTC) investments of their own

Goldman Sachs will use its money to place buy and sell orders on behalf of its clients in financial instruments that allow speculation on Bitcoin (BTC) futures. It will also offer them its own version of “futures”, called non-deliverable forward, which will allow bilateral transactions or by mutual agreement between customers, say the sources.

In this way, Goldman Sachs is taking a step forward when it comes to virtual currency trading, an issue that it has not yet brought to the attention of national authorities and regulators.

The lack of information and regulation on this type of product, which many do not even consider an asset, raises doubts about its viability as an investment destination. The enormous volatility of the Bitcoin (BTC) price is another issue for some traders.

However, this doesn’t seem to halt many people to invest big money in Bitcoin (BTC), a fact which, allegedly, is considered profitable for New York Stock Exchange which seems to be interested in launching its own Bitcoin trading platform. Even more, Goldman Sachs share the same point of view regarding BTC and cryptocurrencies.

 

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Crypto

Lightning Network For Bitcoin (BTC) Supported By The New iOS Crypto Wallet, CoinClip, And By Vaultoro Cryptocurrency Exchange

Lightning Network is a second layer solution for Bitcoin that allows users to make instant micropayments without having to resort to third parties. Today, a group of developers announced the release of the first Bitcoin (BTC) wallet for iOS, CoinClip, with the Lightning Network enabled.

CoinClip is a beta-phase Bitcoin (BTC) wallet for iOS that is now available on the Bitcoin testnet

CoinClip is the first Bitcoin (BTC) wallet available for iOS devices that runs Lightning Network. However, this is not the first mobile wallet for Bitcoin (BTC), as the Eclair wallet has launched its version for the Android operating system in the first week of April and users are still waiting for it to be enabled on iOS.

Although it is enabled on the Bitcoin testnet and there is no risk of loss of funds, for now, users on Reddit have reported that the CoinClip application takes some time to synchronize and complete the mapping of payment channels. To this, one of the developers responded that one of their main objectives for the next update will be to try to speed up the mapping.

The Twitter audience was enthusiastic about the initiative, although some Reddit users noted that the developers behind the app are low-profile, so caution should be needed once the application completes its testing phase.

The first cryptocurrency exchange to include Lightning Network was registered

The implementation of Lightning Network has been gradually increasing, although there is still a long way to go since, according to some specialists, the applications that would use the new payment channels are not ready to be used outside the testing phase.

However, a few days ago, the first cryptocurrency exchange to include Lightning Network was registered. Therefore, the Vaultoro cryptocurrency exchange is the first Bitcoin (BTC) exchange platform to implement the new micropayment protocol. To use it, users would only need an Eclair wallet and to open an account with Vaultoro.

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Crypto

Bitcoin (BTC) Dropped Today As Warren Buffet Described It As “Probably Rat Poison Squared”

Bitcoin (BTC) has reached its highest level since early March during the weekend but the rise was on the verge of reaching the $10,000 psychological level, triggering a sharp correction. The BTC/USD broke below $9,600 in the early hours of Monday’s Asian session and touched a low of $9,220 as Warren Buffett described BTC as “probably rat poison squared”.

Bitcoin (BTC) Price Analysis – The sentiment is bearish

However, now Bitcoin (BTC) is trading above $9,400, recording only a 1.90% loss in the last 24 hours, but the bearish momentum is still gaining traction.

The cryptocurrency has lost more than 7% from its peak of $9,948, although the reasons behind the decline are mostly technical and speculative.

The resistance at the $10,000 level is reinforced by the DMA of 200, which makes it more difficult to break. If the bulls manage to pass this level, the BTC/USD will rush to the $10,400 and then it will most likely move to the next psychological control in the $11,000 zone.

On the downside, the first support line comes in at $9,000, where there is a psychological level along with a short-term uptrend line. Then wait for 8,900 (DMA of 100). A sustainable move below this level will focus on the $8,000.

Bitcoin (BTC) decline: Buffet described Bitcoin (BTC) as “probably rat poison squared” and Japanese announced stricter crypto regulations

First, the Japanese crypto regulators announced that they plan on introducing much stricter crypto regulations aiming the cryptocurrency exchanges, in a measure which apparently seek to protects crypto traders from crypto-related cyber attacks. More about this, you can read here.

As this wasn’t enough, Warren Buffett, the renowned investors and markets’ “guru”, called Bitcoin “rat poison,” speaking on CNBC before the annual Berkshire Hathaway meeting.

Apparently, Bill Gates shares Buffet’s point of view.

Thus, Bitcoin (BTC) dropped to $9,220 during the Asian trading session when the Warren Buffett’s interview occurred. However, BTC recovered slightly to above $9,400 but, be aware, the bearish momentum is still gaining traction. Most probably, BTC will fluctuate a lot in the upcoming period but, as said above, if the bulls handle rising BTC/USD above $10,000, then BTC will rise even further to $10,400 and $11,000.

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Crypto

Cryptocurrencies Market Is Declining As Japanese Regulators Announced Much Stricter Cryptocurrency Regulations

Cryptocurrencies market have generally declined today, May 7th, as concerns about Japan’s cryptocurrencies regulation have offset indications that South Korea could curb its restrictions. At the moment of this writing, in descending order by market capitalization, Bitcoin (BTC) has dropped by 1.94% in the last 24 hours and reached $9.397, according to Bitfinex cryptocurrency exchange, the Ethereum (ETH) has fallen by 5.27% to $745 in the last 24 hours, while the Ripple (XRP) has dropped by 4.64% to the $0.82 level.

Furthermore, the Bitcoin Cash (BCH), the product of a bifurcation of the Bitcoin (BTC) and currently the fourth crypto coin by market capitalization, has recorded a decline of 5.48% in the last 24 hours hitting the to $1,638 level.

At this moment, the single cryptocurrency for top 10 which is appreciating is the EOS (EOS).

Cryptocurrencies market is declining due to the announcement of much stricter cryptocurrency regulations coming from Japan

Japan’s Financial Services Agency will implement strict guidelines for local cryptocurrency exchange platforms to prevent another cyber attack in the crypto-verse, according to reports coming out at the end of the last weekend.

The FSA will present a “five-point plan” to strengthen regulations for cryptocurrencies transactions which will include stricter security standards such as double authentication for coin transfers and a system to ensure that coins are not stored in online wallets as these are prone to piracy.

A more thorough “know your customer” process would also be developed to prevent money laundering, according to reports.

Japan’s implementation of stricter cryptocurrency regulations has shadowed the more encouraging news that the governor of South Korea’s Financial Supervisory Service, Yoon Suk-Heun, is considering lessening up the local cryptocurrency regulations.

“The Financial Supervisory Service (FSS) will collaborate with the Financial Services Committee (FSC) when an inspection of financial policies and institutions has different configurations relating to different areas. FSC inspects policies, while FSS examines and supervises financial institutions but under FSC supervision,” said Yoon.

In short, cryptocurrencies market is in decline today, with all the major cryptocurrencies showing losses, due to the new announcement that much stricter cryptocurrency regulations will be implemented in Japan.

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Crypto

Bitcoin (BTC): Will BTC Reach $150,000 By 2019? Maybe Lightning Network Will Help

Bitcoin (BTC) is the most popular and valuable cryptocurrency in the market. Needless to say, BTC experienced the most significant growth in the past couple of years. But is Bitcoin (BTC) on its way towards $150,000 by 2019? Some cryptocurrencies market analysts believe that is indeed possible, especially in the perspective of the Lightning Network launch, set for this year.

Bitcoin (BTC) Price Forecasts

John McAfee is one of the most important personalities in the world of cryptocurrencies. He is among those who consider that BTC is undervalued right now and might worth as much as $1 million in the following years.

Jeet Singh, a senior analyst and fund manager, also said that Bitcoin (BTC) is quite likely to be trading at about $50,000 by the end of 2018. He is certain that Bitcoin’s volatility will decline as the cryptocurrencies market becomes more mature.

In an interview with Bloomberg, Jeet Singh stated:

If you look at Apple’s Microsoft when its shares were made public, they were very volatile because the market was not mature. There aren’t many vendors that can accept cryptocurrencies but there’s a lot of adoption on the black market.

One of the renowned Winklevoss twins, who own the Gemini cryptocurrency exchange, respectively, Cameron Winklevoss, commented that the market capitalization of BTC can easily plunge somewhere between $4 and $8 trillion. Moreover, the cryptocurrencies specialist claimed, just a couple of weeks ago, that Bitcoin (BTC) has the force to increase by about 35 times, in the next years.

So if we look at a market cap of $100 billion today, now last week it could have been over $200 billion, so it’s actually a buying opportunity, we think there’s a potential appreciation of 30-40 times (…) So we think that, regardless of the price movements in recent weeks, it is still a very undervalued asset.

Cameron Winklevoss

The Lightning Network will become operational in 2018

Also noteworthy is the fact that in the course of this year, the Lightning Network is scheduled to become operational.

Since that moment on, Bitcoin (BTC) will cut its transaction fees and processing times to near nil. This may be perhaps some of the most significant milestones in Bitcoin’s history. In case the Lightning Network turns out to be as good as its developers claim to be, the BTC issues with scalability would be solved out, therefore, Bitcoin (BTC) price will soar up considerably.

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