February 7, 2020

Double Standards: Fed to Consider Own Crypto Launch

The US Federal Reserve is considering the possibility and prospects of launching its own digital currency, its future design, and potential legal complications said department head, Lael Brainard. According to her, the digitalization of the payment system will increase its value and efficiency at a lower cost, reports Reuters. The head of the Federal Reserve, Lael Brainard, spoke about the advantages of creating a payment system on the blockchain and the risks associated with the increase in the amount of digital money. “The Fed conducts research and experiments related to distributed ledger technology and considers the potential for using digital

February 7, 2020

The Unstoppable Growth: Bitcoin to Hit $10K and More

The Bitcoin exchange rate has entered a phase of long-term growth, it’s “pointless to deny it,” wrote Josh Rager on his Twitter account. As an argument, he presented a chart of the first cryptocurrency, showing that each subsequent minimum and maximum of its value becomes higher than the previous ones. This is what the uptrend looks like, the entrepreneur explained. Coindesk Omkar Godbole, an analyst at the Coindesk portal, is also confident in the short-term rise in the price of Bitcoin. According to him, the cryptocurrency rate can skyrocket to $ 10,000, since there are no resistance levels between this

February 7, 2020

Novogratz: This Year XRP Performance is Questionable

Novogratz answered questions from an audience of registered investment advisors (RIA). And towards the end of the panel discussion, the conversation turned to XRP, the native cryptocurrency of the Ripple ecosystem. It is worth noting that Novogratz invested $ 23.8 million in Ripple and estimated its share at $ 27.6 million as of September 30, 2019. Ripple responds So what is the essence of the conflict? The stock analogy of XRP is a particularly sensitive issue for Ripple. There is also evidence that for several years Ripple has been conducting a class action lawsuit, the essence of which is that

February 6, 2020

Exchange BTC Deposits to Hit Lowest Level in Three Years

Over the past six months in the digital industry, we have seen a sharp decrease in the number of deposits in bitcoins, which, in turn, suggests thoughts of an optimistic mood in the market. On average, approximately 23,986 transfers are carried out during the week, and this number shows a sharp decline. At the moment, this is the lowest level since November 2016, and after reaching the peak, it reached 58,925 at the end of June 2019. the number has since increased to 27,289 on February 4. It is also important to note the fact that starting from the second

February 6, 2020

Crypto Market Prices: Altcoins & BTC Analysis

Digital assets continue to test nearby resistance levels. The pressure from the buyers does not decrease, and there are high chances to see the continued development of the upward momentum to the next levels. Unfortunately, the market has not gone into a downward correction, thereby canceling the formation of reversal models on the charts of many cryptocurrencies. In turn, the emergence of such models could give customers more profitable and conservative options for entering long positions. Bitcoin (BTC/USD) The leading crypto asset is configured to update a local maximum near the level of $ 13800. But if you propose that

February 5, 2020

Bitcoin Halving to Create “Tiny” Supply Shock

It is worth recognizing that the current situation to reduce Bitcoin’s profits can have two meanings. On the one hand, this has long been seen as a bullish trend, which will lead to a massive uptrend due to a sharp decline in inflation. Also, there is an opinion that the reduction in supply as a result of this event will be very insignificant, and it is unlikely that this will directly lead to a tangible, albeit short-term, increase in the value of the cryptocurrency. Bitcoin Halving Fast Approaches, But Its Supply Shock Will Be “Tiny”  So, the upcoming reduction in

February 5, 2020

300% Parabolic Rally by ICX as Altcoins Market Sees Bull Prospects

2020 began well for the cryptocurrency market, so all this time, we could observe the positive dynamics of price formation of both Bitcoin and almost all other altcoins. But even this fades against the backdrop of ICON (ICX), which is a relatively small segment of digital assets discovered during a parabolic recovery over the past few days. This parabolic rally has led ICON to a key area of resistance, and the digital asset is showing signs of a slowdown as the immense buying pressure that led to this massive rally begins to slow. It is important to note that the

February 5, 2020

Cryptocurrency Telegram: How to Avoid Scammers & Pumps

The volatility of the Bitcoin and other coins rate has attracted not only investors but also scammers to the cryptocurrency market. Telegram has many channels in which traders share trading ideas. Some can bring income. Others are intentional manipulations aimed at tricking subscribers and stealing their money. For example, a user who enters a channel sees a series of deals and tips that worked without loss or profit. Because of this, he may have an unreasonable trust in the owners of the group. In order to achieve this effect, some channel administrators give several signals to buy or sell coins.

February 5, 2020

Bitcoin Market Forecast: Bulls Are Ready, New Highs Approach

Bitcoin recorded its best performance for the month of January since 2013 driven by safe-haven buying as global equity markets linger unstable following the outburst of the coronavirus from China. The digital currency was up over 29% in January as the market capitalization or value of all bitcoin in circulation rose by $39.7 billion. The percentage growth was the best since January 2013 when bitcoin was up 54% for the month. The majority of traders and analysts confirm that Bitcoin is going to face another bull run. In the long-term rise in price of Bitcoin, Omkar Godbole, an analyst at

February 4, 2020

MasterCard: Libra Is Not Safe, Has No KYC Policy

Problems with financial regulators, lack guarantees of compliance with the law and other factors due to which the company left the Libra project.  Mastercard refused to participate in the development of Facebook cryptocurrency, not only because of problems with financial regulators but also because of concerns about compliance with the business model, said the head of the company Ajay Banga in an interview with the Financial Times. According to him, key members of the Libra Association could not guarantee that its actions would be consistent with the law regarding money laundering, the Know Your Client (KYC) policy, and data privacy.

February 4, 2020

Bitcoin Price Analysis: BTC Is Not Going to Give Up

Over the past day, BTC has been trading close to $ 9,400. The main thing that should be noted in the dynamics of bitcoin over the weekend is its ability to stay above $ 9000 and come close to a critical resistance level of $ 9500. The RSI on the daily chart stopped the decline from the overbought zone. This movement again confirms the positive fundamentals of the market, because even after the depreciation, we did not see a massive drawdown of cryptocurrency quotes. The price of bitcoin reached a 3-month high amid increased demand for safe haven assets associated

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