Analysts Predict Upcoming Bitcoin ‘Price Explosion’

Analysts Predict Upcoming Bitcoin ‘Price Explosion’
Source: Bitcoinist.com

Analysts seem to anticipate another Bitcoin “price explosion” that may even lead to its value surpassing the 2017 all-time highs. Positive price predictions are raining like cats and dogs as buy orders now comprise a major part of the market’s activity. At the time of press, April 25th, Bitcoin is trading at $9,385.69, marking a 1.63% increase in the last 24 hours alone. At the same time, buy orders comprise around 88% of the market’s activity, according to TurtleBC. Is History Repeating Itself? The substantial increase in the buy orders percentage is placing a lot of buying pressure on the cryptocurrency market in general. To put it in perspective, the last time the number was so high was back in March 2017. At that time, the price of one bitcoin was a little bit more than $1,000, and we all know…

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St. Louis Fed Sees no Point in Central Banks Creating Monopoly Cryptocurrencies

St. Louis Fed Sees no Point in Central Banks Creating Monopoly Cryptocurrencies
Source: Themerkle.com

In the world of cryptocurrency, there is a fair amount of competition as of right now. Until very recently, it seemed central banks would get in on the action as well, yet they have decided not to pursue this option any longer. A new report by the St. Louis Fed states that cryptocurrency developers are “welcome to create anonymous forms of money”. It’s a surprising line in an otherwise standard report. Anonymous Cryptocurrencies Get Positive Remarks Truth be told, the report by the St. Louis Fed is pretty interesting. It touches upon the concept of cryptocurrencies and how central banks should play no active role in this area. Various financial institutions have made it clear they will no longer pursue this avenue in the future, and it seems there is a very good reason for doing so. Decentralization of transaction handling is not…

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New Self-Regulatory Rules for Crypto Exchanges in South Korea Clarified

New Self-Regulatory Rules for Crypto Exchanges in South Korea Clarified
Source: Bitcoin.com

The majority of South Korean cryptocurrency exchanges are implementing new self-regulatory rules and performing self-inspection. The industry group in charge of leading the efforts has clarified the differences between the new and old self-regulatory rules for its 23 exchange members. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Promoting Safe Crypto Trading Jeon Ha-jin’s interview.The Korean Blockchain Association, known for its efforts to spearhead self-regulation among the country’s cryptocurrency exchanges, has unveiled and clarified its self-regulatory rules. In an interview with Asia Economic TV on Tuesday, Jeon Ha-jin, chairman of the association’s self-regulatory committee, explained how the group and its exchange members are in the process of implementing self-regulation, adding that in the future: The role and responsibility of the blockchain association will be significant until a safe and sound cryptocurrency trading culture is formed….

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Power Ledger Hits Japan with Blockchain-Enabled Energy Trading

Source: Btcmanager.com

On April 24, 2018, Power Ledger announced a pivotal partnership with Japanese electricity firm Kansai Electric Power Co. (KEPCO). Green Innovation The Australia-based startup is on a mission to disrupt the energy sector with blockchain technology. The platform provides peer-to-peer renewable energy trading — giving residential and commercial businesses a mechanism that allows them to decide who they want to sell their surplus energy to, and at what price. The trial will initially focus on ten homes in Osaka city, with the aim of providing the community with cheap power and the ability to sell their energy to their peers. KEPCO will build “virtual power plants” and storage capacity that enables consumer-generated electricity to support local energy demands, as stated in the post on Medium. KEPCO will allow Power Ledger to access meter data, and in return Power Ledger will…

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Financial Firms Will Launch Cryptocurrency Trading Services in the Next Twelve Months, Report Claims

Financial Firms Will Launch Cryptocurrency Trading Services in the Next Twelve Months, Report Claims
Source: Livebitcoinnews.com

Financial firms are showing an increased interest in cryptocurrencies. That is a surprising development, although one that comes at a critical time. Bitcoin and all other currencies direly need an influx of institutional money to keep the train rolling. According to Thomson Reuters, one in five finance firms will launch crypto trading in 2018 or early 2019. With financial firms getting interested in Bitcoin trading, exciting things are bound to happen. Right now, buying cryptocurrencies often requires the use of an exchange or another trading platform. That is not the most convenient way of dealing with things by any means. As of right now, that situation will seemingly come to change. Financial firms show an interest in trading cryptocurrencies as of right now. Financial Firm’s eye the Bitcoin Market A survey by Thomson Reuters paints an interesting picture in this…

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VTOS Announces Token Sale for Decentralized Social Networking Platform

VTOS Announces Token Sale for Decentralized Social Networking Platform
Source: Themerkle.com

The VTOS team has announced a token generation event (TGE), which will be launched on May 28th with the intention of making the platform’s native token publicly available for purchase. Disclosure: This is a Sponsored Article Over 2.5 billion people around the world are now involved with social networking in some way, shape, or form. This constitutes around 33% of the entire global population, and is therefore a huge market that the startup thinks it can take advantage of by providing an alternative to the current industry giants in this space. VTOS itself is the product of an emerging trend among blockchain startups to leverage the tech for content sharing and social media applications. Some other examples include Steemit (Think crypto-fueled version of Reddit) Yours (similar to Steemit, with BCH as a native currency), and Synereo. Masternodes key distinction for…

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Republic of San Marino to Become Next Blockchain Center

Republic of San Marino to Become Next Blockchain Center
Source: Coinidol.com

Apr 25, 2018 at 12:23 // News The Republic of San Marino is placing itself to become a ground-up hub for Blockchain. This has come through an announcement from the San Marino Innovation Institute, the formation of a new company which under San Marino law will be devoted to developing a first-ever ecosystem for blockchain innovation. Hands-on and legislative work will start instantly in order to create an infrastructure and legal framework catered to the country’s goal of becoming a center for developing the blockchain industry. What will this Technology Help? A move that was motivated by ongoing European personal and private data management initiatives  indicates that the joint daring undertaking will help San Marino to support Polybius’ Digital ID technology that will enable it to create new and world-leading identity mechanisms for authentication and verification. Ivan Turygin, Co-founder of…

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On Chain VS. Off Chain Governance: The Ins And Outs

Source: Coinjournal.net

To understand the importance of blockchain governance and the debate surrounding it, It is important to first define blockchain governance and it’s role in the entire blockchain ecosystem. Blockchain governance in cryptocurrencies relates to decisions about two things: the rules of the protocol (the code) and the incentives the network is based on (the economics). […] The post On Chain VS. Off Chain Governance: The Ins And Outs appeared first on Coinjournal.

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Bitcoin SegWit support enabled on crypto exchanger ALFAcashier

Source: Cryptoninjas.net

ALFAcashier, a site to buy, sell, and exchange bitcoin and other cryptocurrencies today announced they now support Bitcoin Segregated Witness (SegWit) transactions for all users. SegWit is a soft fork upgrade to the Bitcoin network which composes transactions considerably more efficient as well as secure. Bitcoin SegWit support enabled on crypto exchanger ALFAcashier

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Compliant Airdrops: CoinList to Offer Investors Free Crypto Giveaways

Compliant Airdrops: CoinList to Offer Investors Free Crypto Giveaways
Source: Coindesk.com

Who thought giving something away could be so complicated? That’s the question crypto innovators have had to come to terms with since the concept of “airdrops” – or the practice of gifting tokens in massive giveaways – has come under the scrutiny of government regulators. But with the launch of a new product Wednesday, CoinList, an initial coin offering (ICO) facilitator spun out of the renowned startup incubator AngelList, is looking to streamline the process of airdrops in a way that doesn’t run afoul with the law. Aptly named Airdrops, the product runs users through compliance checks and attestations so that a token issuer can give CoinList’s users free tokens. On top of that, if the issuer is looking for users that meet certain criteria (be it a profession or location), they can verify that users actually fit those backgrounds. In this way, CoinList…

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Bitcoin Price Sees Less Volatility Compared to Altcoins for a Change

Bitcoin Price Sees Less Volatility Compared to Altcoins for a Change
Source: Themerkle.com

The bearish momentum across all cryptocurrency markets is intensifying as we speak. This takes a lot of people by surprise, even though it seems there are a lot of flesh wounds first and foremost. While some currencies are down in the dirt, the Bitcoin price has remained above $9,000 in surprising fashion. Maintaining this price point will not be easy, even though the overall trading volume is spiking quite hard. Bitcoin Price Might Stay Above $9,000 Looking at the cryptocurrency charts right now, it is evident the altcoins are taking a massive beating for no apparent reason. Surprisingly, Bitcoin is not following this quick downtrend, even though the Bitcoin price is still going down. With a 2.29% drop compared to 10% or more for all other cryptocurrencies, things are not looking all that bad for the world’s leading cryptocurrency either….

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BitMari Successfully Performs First Lightning Network Transaction

Source: Btcmanager.com

A Zimbabwean startup, BitMari, has successfully performed a bitcoin Lightning Network test transaction with Tanjalo, a platform for bitcoin trading in Nigeria. This achievement marks a milestone for payments in Africa as users of this platform should expect lightning fast and extremely low fees on bitcoin transactions. Cross-border Payments Easier With Lightning Network Zimbabwe is a country that over the years have suffered from an extremely high inflation rate. Sending money outside the country is a tall order, however, BitMari the employs blockchain technology to tackle the problems faced by Zimbabweans in sending cross-border payments. The company has also partnered with Agribank to handle transactions for their customers, and BitMari was the first bitcoin-related company to receive a money transmitting license from the Reserve Bank of Zimbabwe. The co-founder and CTO of Tanjalo, Tim Akinbo, initiated the transaction and was…

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Chinese Police Confiscate 600 Bitcoin Mining Machines

Chinese Police Confiscate 600 Bitcoin Mining Machines
Source: Livebitcoinnews.com

Chinese police have reportedly confiscated 600 bitcoin mining machines following reports of irregular electricity usage. In the China city of Tianjin officials are continuing their crackdown on the cryptocurrency market in a country that was once the location for a large number of bitcoin mining operations. According to a report from the Xinhua News Agency: “Eight high-power fans were also seized”, adding that it was the “largest power theft case in recent years,” reports CNBC. Last September, Chinese authorities took decisive steps to stamp out the cryptocurrency market in the country. As a result, it banned trading and mining activities, which saw many moving offshore or shutting down. In the Tianjin case, five people are under investigation while another has been detained. The use of bitcoin mining equipment has generated much interest in the last few years. This is due to the fact…

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LIGER, for the BULL in you during BEARISH times

Source: Coinspeaker.com

If the past year taught us something about cryptocurrencies, it is how volatile in nature this digital currency is. The overall Market Cap in 2018 has halved from the Peak of $835 Billion from 2017. Futhermore, for a market driven by sentiments, ‘NEWS’ has been a primary differentiator in case of a nascent segment like Cryptocurrency. ‘News’ Adding Fuel to People’s Fears First, the news of Nobuaki Kobayashi selling $400 Million worth of BTC broke. Adding to this, speculations about him still having $1.7 Billion of BTC that he could dump at the Exchanges led to a selling spree in BTC. There were also rumours about BINANCE servers getting hacked, which saw a massive crash in the prices across the Crypto market. The lack of regulation of Crypto Exchanges by SEC, led to the announcement of them not being ‘Exchanges’…

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DateCoin (DTC) and DeHedge sign hedge agreement

Source: Cryptoninjas.net

DateCoin (DTC) and DeHedge, the cryptocurrency hedging platform today announced a newly signed agreement to hedge a limited volume (2 million) of DTC tokens. The hedged DTC tokens will soon be available on the DeHedge platform. DateCoin (DTC) and DeHedge sign hedge agreement

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Republic of Georgia Emerges as a Global Leader in Cryptocurrency Mining

Republic of Georgia Emerges as a Global Leader in Cryptocurrency Mining
Source: Bitcoinist.com

The former Soviet Republic of Georgia is positioning itself as one of the leading countries in the cryptos space and is now ranked second in the world for cryptocurrency mining after China. This has been the result of the country’s electricity subsidies and fair regulation. Powered by an Accommodating State Despite its obvious economic benefits, cryptocurrency mining has always been scrutinized by would-be investors because of its huge energy requirements. This actually reduces its value case in other jurisdictions. The tiny nation of Georgia has, however, reportedly remained attractive for mining because of its electricity subsidies with some regions that already have lower rates for electricity like the Alazani Valley attracting a lot more mining activity. The country also relies on cheap hydropower. All this has brought in some foreign investors, including, most notably, BitFury which reportedly controls most of the mining activity – as much…

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Russia Supreme Court: Embargo Placed on Bitcoin Website Must Be Reviewed

Source: Btcmanager.com

Russia’s stance on bitcoin and cryptocurrencies, in general, remains very unclear. While the authoritarian nation has embraced the gospel of distributed ledger technology (DLT) wholeheartedly, the story is not the same for the monetary applications that rest on top of blockchain protocols. Bitcoin not Legal Tender It all began in 2016 when bitcoin became a forbidden fruit in Russia. As such, The Vyborgsky District Court of St. Petersburg, following the request of the Prosecution Office, blocked Bitcoininfo.ru site. According to the court, portraying the flagship cryptocurrency as a “virtual payment instrument and a store of value,” is a violation of the country’s Federal Act. According to RAPSI, the country’s legal information agency, the Supreme Court of Russia has ordered the St. Petersburg City Court to consider an appeal to the ban of the website. Notably, in 2017, the Oktyabrsky District…

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TD Ameritrade is World’s First Brand to Place an Ad in the Bitcoin Blockchain

Source: Coinspeaker.com

TD Ameritrade introduced the first advertisement created in blockchain, highlighting the way how the world is changed by new technologies. TD Ameritrade, a widely-known investing and trading platform, has wowed the trading community becoming the first company to create an advertisement in the blockchain, as it was first reported by MediaPost. The campaign that was named “Greetings from the Blockchain” is address to the fast growing community of blockchain investors and supporters. And its main aim is to show the role of new technologies in changing consumer behavior, needs, demands and expectations. TD Ameritrade has always loved innovations and has always been striving for applying them in the company’s activities, trying to find the most creative ways to do it. On their web site the company’s team proudly wrote: “Through a series of transactions we became the first brand to…

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