Yesterday we reported that Deutsche Bank has slightly changed its vision regarding the cryptocurrencies as a replacement for fiat money. For some experts, it was weird to see because earlier, the representatives of the major German bank explained the opposite. Moreover, the analysts from the bank released a new report that evaluated the whole situation around the crypto adoption as a possible financial system. The process of crowding out traditional money with digital coins could go even faster if it were not for the bans on the part of regulators and governments of different countries, as well as the dependence
Given that cryptocurrency community members focus their attention mainly on the Bitcoin, Ethereum and XRP prospects are looking very foggy in such regard. Even though founders of both cryptocurrency companies are visible on the news background, many investors and traders almost give up on altcoins. That is why some experts predicted that this year can be a disaster for altcoins, as the leading digital currency – Bitcoin – will erase them or make less popular and attractive for investments. Jacob Canfield is one of those, who recently commented on altcoins’ performance. Namely, he pointed out the situation around the XRP.
Bitcoin Price Analysis – Shines Bright But Not Like a Gold So, at the moment, the most popular cryptocurrency, Bitcoin, has crossed the cost threshold of $ 8700 thousand, which means that its price by the end has increased by 3% since this Monday. It is also worth noting the fact that altcoins stopped in the green zone, i.e., are in the same position on the pricing chart. Equally important, bitcoin forks such as Bitcoin Cash (+ 15%), Bitcoin SV (+ 8%), Bitcoin Gold (+ 14%), and Bitcoin Diamond (+ 11%) have also shown impressive growth since the beginning of
Deutsche Bank Research issues three reports on the future of payments Of course, it is difficult to ignore the fact that cryptocurrency has already taken a reasonably stable position in everyday life. With its development, we are already actively using digital cash as a payment method. On the other hand, there is an opinion that traditional money will not disappear shortly. For example, the largest bank in Germany, which, in turn, predicted the complete disappearance of fiat funds and replacing them with digital ones by 2030, changed its mind by 180 degrees. But despite all this, the position of the
Soon, the Bitcoin exchange rate may rise to $ 9,200, suggested Omkar Godbole, an analyst at Coindesk. According to him, the price of a coin for growth needs to overcome two levels of resistance. The first of them is local, located at around $ 8800, and the second is expressed by a 200-day moving average, passing at $ 9000, the expert is sure. He added that in favor of the long-term rise in the price of Bitcoin, the MACD histogram speaks. Its indicator for the first time since August rose above zero, which signals a change in a downtrend to
A breeding ground of cryptocurrency activity Recently, we can highlight the fact that in some countries of the third world, namely in Venezuela and Hong Kong, the volume of trade in bitcoins has significantly increased. The reasons for this progress can be, for example, a decrease in total foreign exchange trading, and people’s desire to invest in stable assets. The same situation can be noted in South America. As you remember, the Venezuelan crisis, which began back in 2019, received fairly widespread press coverage, impossible to overestimate. The essence of the problem was that as a result of the riots
From the moment of its appearance, the Tron platform and its founder Justin Sun have occupied a considerable place in the news agenda of the entire cryptocurrency industry. This happens both for completely justified reasons, such as major technological releases or significant acquisitions, and for more controversial reasons, which are clearly not lacking around the figure of a Chinese entrepreneur. Nevertheless, even if Justin Sun himself does not say this out loud, there may be something more behind. The recent multimillion-dollar purchases of technology startups than it seems at first glance and a more careful analysis of the business empire
BTG: Two 51% attacks in six hours So what is a 51% attack? A similar situation occurs when one object or group holds most of the hash power that provides the blockchain. This position is primarily distinguished by the fact that it allows you to control the confirmation of new transactions and the ability to cancel completed transactions, which allows you to double the consumption of coins. More information about the 51% attack you can find here. Consider what happened in more detail. 18:00 GMT on January 23, the first attack was made, as a result of which 14 blocks
You are not mistaken. You can buy bitcoin for cash. We know that it is complicated to understand the trading and exchange platforms of Bitcoin, especially if you are a novice user. Some sites offer credit/debit card payments, but patience is required to wait for bitcoin delivery continually. Also, exchange sites request a series of personal data that can create an insecure environment among users. Most users prefer privacy regarding Bitcoin transactions. With cash deposit Some platforms have such an option where the buyer can deposit cash into the seller’s bank account in order to buy bitcoins. Banks are attached
In our review, we indicated the rating of cryptocurrency exchanges 2020, which describes in detail the countries in which each exchange is supported, payment methods accepted, fees, privacy, limits, liquidity, reputation, speed (bitcoin delivery), customer support and all other problems. Binaryx Binaryx is a new cryptocurrency exchange and a revolutionary approach to social cryptocurrency trading. All Binaryx users and traders can trade, buy and sell bitcoins, Ethereum, XRP and other digital assets using the best features and advanced security system. In addition to the above functions, all traders and users have an excellent opportunity to participate in social trading operations.
Being a cryptocurrency trader is not an easy activity. People cannot handle the pressure. Therefore, most traders cannot foresee obvious traps. Common Traps for Entry-Level Cryptocurrency Traders Trading is rather hard work, requiring knowledge, practice, patience, discipline, psychological stability, and the constant pursuit of the trading system. Why is it not so simple, and why bind yourself with a trading system, plunge into the jungle of technical analysis, keep a journal of operations, learn to manage emotions? The fact is that the market is influenced by many variables, which no trader can take into account in their work. And in
The new coronavirus is spreading in China and Asian countries, at the moment they have already infected 630 people. Several Chinese cities are quarantined. A possible epidemic may affect the value of various assets. For example, according to Goldman Sachs analysts, the cost of Brent crude oil will drop by almost $ 3 due to the cancellation of some flights at some airports. Recently, there are more and more opinions that Bitcoin is beginning to fulfill the functions of a “protective asset.” This means that cryptocurrency is growing in value during global shocks. When it rose sharply at the beginning
How old do I need to be for Buying BTC Over the 10 years of its existence, the cryptocurrency business has shown quite fast, high-quality and efficient growth. At the moment, it is difficult to disagree with the fact that a large part of the population around the world is already familiar with this type of business. An important “but” can be considered only the fact that, nevertheless, the main target audience for mining is the generation of Millenials, which means that the youngest potential miner is now about 16 years old. So how old should a person who wants
Technical analysis is a set of tools with which you can predict how the price of an asset will change in the future. Its schedule is considered to identify patterns in the form of figures, and by the volume of trading, you can determine who dominates the market: sellers or buyers. For example, on December 19, trader and analyst Peter Brandt correctly predicted the beginning of an uptrend in the Bitcoin exchange rate. He drew his conclusion based on the fact that the price of the coin pushed off from the historical level of support formed in 2015. However, the
Bitcoin Halving Won’t Cause Mining ‘Death Spiral’ Without any doubt, we can say that such a development model is possible since the offer of the main digital currency of the XXI century will fall to 6.25 BTC. Considering the process in more detail, we understand that the network automatically regulates the extraction of coins every year, when the hash rate of the network decreases, miners get the opportunity to play BTC with less difficulty. In the opposite situation, when a cryptocurrency asset rises in price, the level of mining difficulty increases. In this case, if this mining is stopped, Bitcoin
Tether Gold Launches on Tron and Ethereum Crypto Networks A golden digital token – with such a rather controversial launch, that is how Tether decided to start 2020. We can call this release controversial, if only because of the company’s foreign policy, namely because of the lack of transparency for its users. Let’s just say that even a novice trader should think about working with Tether, given some details of their activities last year. The following question arises: will potential buyers trust such a digital asset from Tether? Tether Gold reinforces its tokens with physical gold stored in a Swiss
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