📮 25-09-2019
📈 MarketCap: $220 B
📊 24h Mcap %: -14.31%
⚠️ Bitcoin Dom: 68.0%
Active Coins: 2,574
24h Vol %: 58.11%
24h Vol: $87 B
James Todaro, partner at Blocktown Capital, presents 5 “insanely bullish” cases to fuel Bitcoin growth. #Steady growth of Bitcoin over the past ten years that dissolve claims of a bubble. #Every year of Bitcoin’s existence shows positive returns when dollar cost averaged. #Bitcoin outperforming most tech stocks in the past ten years. #Market cap of Bitcoin still small compared to other safe havens and currencies. #Bitcoin is accessible by both institutions and retail investors.
Bank of Japan Governor Haruhiko Kuroda said on Tuesday that international cooperation was crucial in regulating stable coins such as Facebook’s planned Libra digital currency. Haruhiko Kuroda, governor of the Bank of Japan, said: “If Libra is introduced, it could have a huge impact on society.” Kuroda said the highest level of regulation must be applied to such stablecoins. Talking at an event in Osaka, Japan, on Tuesday, Kuroda said the highest level of regulation must be applied to such stablecoins.
The Bitcoin price collapsed down to $7,800 on cryptocurrency exchange Binance today. Notably, Bitcoin's price volatility had been on the decline recently, reaching its lowest levels since April. Bitcoin's bottom of $7,800 today is 44.16% lower than the $13,970 high hit on June 26th. Following today's sharp price decline, Bitcoin is now down 15.52% in the month of September. Bakkt's physically settled Bitcoin futures platform got off to a slow start on Monday.
Singapore-based exchange Bitrue is launching a low-interest crypto lending platform, the company said. Starting September 30, Bitrue users will be able to pledge BTC, XRP, stablecoins and more to receive loans in BTC, XRP, ETH and USDT. Over time support for more altcoins will be added as collateral and loan options to maximize availability of the service among the entire crypto industry. Loans will be provided at low interest rates and with high loan-to-value ratios.
Bitcoin [BTC] broke down in a frenzy on Tuesday as it tested lows around $8000. The break-out from the descending triangle quickly escalated the fear among traders holding a long position. About $500 million in long positions on Bitcoin was liquidated on BitMEX yesterday.
Agricultural startup GrainChain backed by Medici Ventures, the blockchain venture arm of online retail giant Overstock, plans to unite the coffee industry of Honduras by delivering its blockchain platform to a network of local stakeholders. The firm has signed several agreements with the aim of bringing the entire coffee supply chain of Honduras together on blockchain to accomplish three primary goals such as growing trust between farmers and banks, improving the accuracy of data and raising the transparency.
Crypto whales are moving huge amounts of Bitcoin as the leading cryptocurrency’s trademark volatility returns. In the last 24 hours, as Bitcoin shot from a high of $9,804 to a low of $8,370, some of the biggest Bitcoin holders in existence began moving BTC at a rapid rate. In all, whales have moved 37,225 BTC worth about $325.5 million in the last day. The largest single transfer sent 10,000 BTC worth $86.8 million between two wallets of unknown origin.
Opensource giant Linux Foundation has partnered with IOTA Foundation to co-develop the LF Edge framework, LF Edge is an umbrella organization that aims to establish an open, interoperable framework for edge computing independent of hardware, silicon, cloud, or operating system. Arpit Joshipura, Linux Foundation’s General Manager said, Foundation is excited to be integrating with the IOTA Foundation and are eager to further open innovation and leveraging the unique capabilities that IOTA brings to the LF Edge table.
Commentators split between shock and welcome correction as Bitcoin struggles from $1,800 fall and attention is turning to the run-up to Bitcoin’s 2020 block reward halving event. According to analyst PlanB’s stock-to-flow model for Bitcoin price, which has traditionally given accurate predictions, the mean Bitcoin price in the run-up to next May is $8,285. As such, under current conditions, BTC/USD is no longer trading higher than its planned levels in a year’s time.
We’ve been warned for years that a quantum computing breakthrough is just around the corner. When that day comes, we’re told, it could render existing encryption standards obsolete, threatening the security of every major blockchain. It seems that day has finally arrived, with Google achieving “quantum supremacy.” Impressive as the feat is, however, it doesn’t signal game over for crypto networks – and least not yet.
Tomorrow, cryptocurrency exchange Upbit Indonesia will list Klay, the cryptocurrency of South Korean instant messaging giant Kakao, Also expected to be listed on UpBit Singapore at a later date. A Kakao official pointed out: they aim for Klaytn, The mainnet of the blockchain behind the Klay cryptocurrency, to become an Asia-based platform.” Samsung reportedly plans issue Klay tokens directly to Samsung smartphone users while LG has also confirmed it will use the network, in its upcoming blockchain smartphone.
