UK Investor Who Lost a Million Still Has Faith in Bitcoin

For more news latest update On Cryptocurrency & Crypto trading signal visit below give Telegram channel


Join- https://t.me/btctradingclub 



It’s a familiar story, but it still hurts for those who have had the same experience as investor Peter McCormack who lost $1 million in the recent bear market. But he has faith.

McCormack claims that he got himself too “caught up in the hype’ during the buoyant and heady cryptocurrency market in 2017. The ex-London advertising agency manager decided that after losing his job in 2016 he’d try investing GBP 5000 (USD 6,400) in Bitcoin.

By the spring of 2017 his modest BTC investment with some extra purchases swelled to $300,000 and like many other investors at this time decided that he was in for the long ride. What happened next in the market is history, of course.

By the end of the year, his portfolio was worth GBP 1.2 million but crashed in January of 2018 wiping out his investments, having traveled and splurged money on dining out, travel, and extravagant family gifts, meanwhile dipping into his BTC throughout 2017.

“I wish I had taken everything out before the bubble burst, I have earned money in the past through hard work and enjoyed it more,” he reflected, adding “Much of my spending was quite frivolous.”

Today McCormack still podcasts and is surprisingly upbeat about Bitcoin, but warns others to be more careful with their money than he was. To him, cryptocurrency remains a “force for good” despite his up and down relationship with the market, particularly, in some undeveloped or war-torn countries where bitcoin and other digital currencies are empowering communities and minorities, he argues.

Binance Bittrex auto Trading Bot trades Automatically in Account & Crypto Trading Signals

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Join- https://t.me/btctradingclub


Excellent profitable Crypto trading daily 4-5 signals with 90% accuracy & consistent profit,Bittrex Binance Automated cryptocurrency trading bot which trade automatically in your account now get free from manual trading you don't need to be in front of system anymore ,learn crypto currency trading free basic course &  Crypto mobile trading APPS now receive all your premium signal on your mobile and start trading from your mobile

New York is “first state in the nation” to have its own Crypto Task Force

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel    

https://play.google.com/store/apps/details?id=com.freecryptosignals.app

    Join- https://t.me/btctradingclub        

         

  Join- https://t.me/freebitmexsignals 

  

The new task force will be required to submit its first crypto report by December 2020.

New York has become the first state in the nation to have its own cryptocurrency task force, according to a Facebook post published yesterday.

The news was shared by Clyde Vanel, Chair of Subcommittee on Internet and New Technologies and New York state assemblyman. In the post, he said that the New York had become the first state to have its own crypto task force, which will be used to “study how to properly regulate, define and use cryptocurrency.”

New York state Governor Andrew Cuomo signed the bill into law last week, which will henceforth be known as “The Digital Currency Study Bill.”

The members of the task force will be appointed by the Governor, Senate and Assembly, the announcement states, and will include technologists, consumers, institutional and small investors, blockchain businesses and academics.

The team will assemble various reports on the digital currency, crypto and blockchain industries in the state, including the number of digital currencies currently being traded, their market share, and the impact such currencies have on the state and local tax receipts. They’ll be required to submit these reports by 15 December next year.

“New York leads the country in finance. We will also lead in proper fintech regulation. The task force of experts will help us strike the balance between having a robust blockchain industry and cryptocurrency economic environment while at the same time protecting New York investors and consumers.” Vanel said in the announcement.

Julie Samuels, Executive Director of Tech: NYC also believes that the new task force will play a vital role in positioning New York at the centre of the nation’s innovative strategy.

“New York’s cryptocurrency task force – the first of its kind in the nation – shows how our state is leading the way in studying and understanding these technologies to ensure they can thrive in a responsible and effective way, further solidifying New York’s position as a global hub for smart innovation.”

Coinbase announces instant PayPal withdrawals now available for all U.S. Customers

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel

  
            Join- https://t.me/btctradingclub 



            Join- https://t.me/freebitmexsignals 


https://play.google.com/store/apps/details?id=com.freecryptosignals.app 

Coinbase have announced that their new PayPal feature allowing U.S customers to withdraw to PayPal accounts has gone live as of today. 

The announcement is part of the "12 days of Coinbase" announcements, where each day at noon PST Coinbase announce new features, support for new cryptocurrencies, and more. Todays feature is the launch of the PayPal feature allowing U.S customers to withdraw directly to PayPal at zero fee cost to the client. 

Recap: Coinbase quietly introduces free PayPal withdrawals

The new feature will allow U.S customers access to their funds in a faster withdrawal method, utilizing one of the world's easiest and most widely-used payment platforms. With zero fees and fast withdrawals, the new feature will be most welcomed by U.S traders.

Coinbase commented on the announcement stating that they want to help their customers in having flexibility in using cryptocurrencies and being a part of the open financial system - "This integration is a big step forward in realizing that vision, allowing you to smoothly and instantly transfer your funds to cash."

Coinbase also announced that support for more countries will roll out in 2019. 

Banks in Latin America Launch a Blockchain-based Platform for Loans

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel

         Join- https://t.me/freebitmexsignals 



https://play.google.com/store/apps/details?id=com.freecryptosignals.app 
                       

          Join- https://t.me/btctradingclub 



Two banks in Latin America have collaborated to develop a Blockchain-based platform that will aid in issuing loans. The banks are Itaú Unibanco Holding SA and Standard Chartered. They revealed in a statement that they aim to eliminate fraud and cut the legal cost that is usually involved.

Blockchain-based Platform to be Used to a Handle Client Loans

R3, a New York-based startup is the developer of the Blockchain platform. This platform is called Corda, and the new system will be used to handle clients’ loans. These loans are known as club-loans because the lenders are usually a small group of people, and the amount to be lent is considerably small.

Currently, it can take weeks before transactions can be completed because about 2,000 emails have to be sent between parties who will be involved. Asides being a complex process, there are also legal costs to consider. The level of risks associated can be said to be high since it may be difficult to detect fraud in financial transactions easily.

New Platform Promises Faster and More Efficient Transactions
Therefore, Blockchain technology which is reputably known to be faster, more efficient and reliable has been relied upon. Its application in this area will bring about efficiency in the processes and transparency between parties. Ricardo Nuno, Itaú’s treasury managing director, has also revealed that it will help to reduce legal cost.

To ensure the smooth operation of Corda, the banks have tested it by issuing loans. First of all, Itaú Unibanco and Standard Chartered raised $100 million and then negotiated the terms of the loan. Although the money was not transferred, it was said that in future, the money could be sent to the receiving party.

Financial Institutions are Adopting Blockchain Technology
More banks are adopting Blockchain technology either in combating fraud or facilitating their processes. An example is SWIFT India, a financial services provider who has collaborated with the Fintech firm, MonetaGO. The former will use MonetaGO’s Blockchain platform for secure messaging. In this case, banks in India will be able to share the same DLT network to gain access to its stored information.

Thailand’s Revenue Department, on the other hand, has decided to use the Distributed Ledger Technology to combat VAT payment fraud. The department has decided that VAT invoices will now be stored on Blockchain to make them traceable. As a result, it will help to resolve issues relating to tax refund claims

Bitfinex and Ethfinex Now Lists Six Different Stablecoins

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel

                     
  Join- https://t.me/freebitmexsignals 



https://play.google.com/store/apps/details?id=com.freecryptosignals.app 
                       

                   Join- https://t.me/btctradingclub 


Bitfinex and Ethfinex, two leading digital asset exchanges, now enable clients to trade all six major stablecoins on both exchanges in an attempt to create coin agnostic platforms, the companies announced in a Medium post on December 4, 2018.

Six Stablecoins Now Available for Trading on Bitfinex
Starting on December 4, 2018, customers of Bitfinex and Ethfinex will be able to trade all six major stablecoins on both exchanges.

According to the company’s Medium post announcing the news, all stablecoins on Bitfinex and Ethfinex will be traded against the U.S. dollar. The USD Coin (USDC), Paxos Standard Token (PAX), True USD (TUSD), and the Gemini Dollar (GUSD) are all new additions to the exchange, joining Tether (USDT) and Dai (DAI).

Bitfinex is considered to be a pioneer when it comes to stablecoin adoption, as it was the first to introduce Dai, an Ethereum collateralized stablecoin, onto its platform. The company said that deposits and withdrawals for the four newly added stablecoins would be limited only to verified traders.

The announcement continues Bitfinex’s heritage of providing a neutral, coin-agnostic platform. Earlier in November, the exchange introduced USDT/USD and EURT/EUR Tether trading pairs, enabling their users to trade Tether-fiat directly on their platform.


Bitfinex and Ethfinex, two leading digital asset exchanges, now enable clients to trade all six major stablecoins on both exchanges in an attempt to create coin agnostic platforms, the companies announced in a Medium post on December 4, 2018.

Six Stablecoins Now Available for Trading on Bitfinex
Starting on December 4, 2018, customers of Bitfinex and Ethfinex will be able to trade all six major stablecoins on both exchanges.

According to the company’s Medium post announcing the news, all stablecoins on Bitfinex and Ethfinex will be traded against the U.S. dollar. The USD Coin (USDC), Paxos Standard Token (PAX), True USD (TUSD), and the Gemini Dollar (GUSD) are all new additions to the exchange, joining Tether (USDT) and Dai (DAI).

Bitfinex is considered to be a pioneer when it comes to stablecoin adoption, as it was the first to introduce Dai, an Ethereum collateralized stablecoin, onto its platform. The company said that deposits and withdrawals for the four newly added stablecoins would be limited only to verified traders.

The announcement continues Bitfinex’s heritage of providing a neutral, coin-agnostic platform. Earlier in November, the exchange introduced USDT/USD and EURT/EUR Tether trading pairs, enabling their users to trade Tether-fiat directly on their platform.


This replaced the previous 1:1 conversion on deposits and withdrawals provided by Bitfinex and reflected the increasing range of choice in the stablecoin market and customer demands.

Increased Market Demand for Stablecoins
Created in 2014, Tether was the only stablecoin available to traders for years and was a response to a clear market need to allow movements of funds quickly between different exchanges while benefiting from the stability of the U.S. Dollar.

Following the boom Tether saw in 2017, the skyrocketing demand caused the stablecoin market to expand, with five alternatives launching since March 2018 rapidly. With around $186 billion, stablecoins are currently the fastest growing sector of the crypto market.

Questions about legitimacy and true value have been contributing factors in the plummeting price of cryptocurrencies and tokens, and have been directly responsible for the rise of stablecoins. With the trust in Tether withering in 2018, the increase in the number of stablecoins available is has been a welcome reprieve for crypto traders.

Worldwide, stablecoins in their fundraising ICO phases have attracted millions of dollars’ worth of investment from reputable multinational corporations. This proves that stablecoins are a respected alternative to traditional banking, valued for their reliable software that leaves no room for error.

Bitcoin Trading Volue Exceeds 2$ Trillion in 2018 Despite year long Bearish Market

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel

                          Join- https://t.me/freebitmexsignals 


https://play.google.com/store/apps/details?id=com.freecryptosignals.app



                        Join- https://t.me/btctradingclub 





With a few weeks still left in 2018, the total Bitcoin trading volume for the year has already crossed $2 trillion. Many countries have also seen record BTC trading volume at different points of the year with more everyday people seemingly adopting the popular cryptocurrency.

BITCOIN TRADING UP 61 PERCENT SINCE 2017

This volume of trade is especially profound given the tirade of criticism from vocal naysayers who continue to engage in Bitcoin bashing. According to Satoshi Capital Research, the notional value of BTC traded so far in 2018 stands at $2.2 trillion.

The figures posted so far represent a 61 percent increase from last years total volume of $870 billion. However, the growth recorded in 2017 – 96 percent still dwarfs that recorded in 2018 and will remain so unless a massive spike in BTC trading occurs between now and the end of the year.



To put things in perspective, Mastercard recently published its Q3 2018 financials which showed a total transaction volume of $4.4 trillion for the year. The world’s second largest payment card company also settles about $12 billion worth of transactions per day.

From these figures, Bitcoin $4151.76 -0.03% is already at half the transaction settling capacity of Mastercard despite losing close to 70 percent of its value during the year. BTC’s daily volume which is at $8 billion, isn’t a million miles away from Mastercard’s.

WHY DO THE NOCOINERS RAGE?
Some might argue that the analysis above is akin to comparing apples and oranges. This is because Mastercard’s figures only cover payments made to retail merchants on both online and offline platforms. The figures for Bitcoin come from merchants, futures trading, exchanges, and even international payments.

However, the fact that a cryptocurrency with a sub-$100 billion market cap is posting figures in the same ballpark as Mastercard is a glowing endorsement of BTC’s uptake. This assertion is especially true given the negative rhetoric espoused by critics such as Paul Donovan of UBS who recently said that the world’s most popular cryptocurrency Bitcoin is on the verge of falling apart.

Things may even get better for cryptocurrency trading as a whole. Earlier in the year, Bitcoinist reported that digital currency trading might grow by 50 percent in 2019 based on a study by Satis Group.

Why Chicago is Fast Becoming the Crypto Trading Capital of the World

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel
     

           Join- https://t.me/btctradingclub
    


https://play.google.com/store/apps/details?id=com.freecryptosignals.app
   
            

  Join- https://t.me/freebitmexsignals




Beginning with the founding of the Chicago Board of Trade (CBOT) in 1848, Chicago has a long and illustrious history as a trading town.  The CBOT introduced standardized futures contracts, and more than a century later spun off the CBOE which pioneered standardized option contracts.  The Chicago Mercantile Exchange launched in 1898 as an egg & butter exchange and in 1972 spun off the International Monetary Market, the first exchange to trade financial futures.  For the past 45 years, the CBOT, CBOE, & CME have established Chicago as the derivatives capital of the world trading both options and futures on grains, meats, stocks, bonds, foreign currencies, and other financial products. 

Fast forward to 2018 and Chicago is once again leading the charge as it has begun to trade derivatives on a revolutionary new product.  In December 2017, both Cboe Global Markets and the CME Group began trading futures on bitcoin.  The two derivative exchanges are the most prominent local enterprises to enter the cryptocurrency markets but an entire ecosystem has begun to emerge in Chicago and is rapidly gaining momentum.    

Chicago is home to a number of spot exchanges which trade the cryptocurrencies that underlie the derivative contracts.  Athena Bitcoin operates more than 70 crypto ATMs in 8 states across the USA and has entered Latin America.  Digital Mint has over 70 crypto ATMs in Chicago alone and close to 200 nationwide.  Bcause runs the largest mining operation in North America and is building the world’s first full-stack cryptocurrency ecosystem.  Seed CX offers institutional trading and settlement for both spot and derivatives in cryptocurrencies.  Beaxy aims to create an all-in-one cryptocurrency exchange.  The Eris Exchange, which is backed by Cboe Global Markets, DRW, ED&F Man Capital Markets, NEX Opportunities, Susquehanna, TD Ameritrade, Valor Equity Partners and Virtu Financial, is launching a platform to trade both spot and futures which will settle with the physical delivery of cryptocurrency.  Edge Financial Technologies is on target to launch a cryptocurrency platform for both retail and institutional traders in the first quarter of 2019.  CFX launched the first platform in the U.S. to facilitate the trading of regulated security tokens.  The Bitnomial Exchange is waiting for approval from the CFTC.                           




Exchanges from other cities are establishing a foothold in Chicago, too.  Coinbase opened a permanent office in Chicago and announced plans to hire 90 software developers in the next three years.  The San Juan Mercantile Exchange is launching the world’s first digital asset exchange for high frequency traders and plans to open offices in three cities including Chicago.  Kraken is moving its headquarters from San Francisco to Chicago.

Why are Kraken, Coinbase, and the San Juan Mercantile Exchange coming to Chicago?  The answer is that they want access to our trading community with its abundance of resources including traders, liquidity, technology, and developers.  According to Paul Bauerschmidt, former CME executive and leader of Coinbase’s Chicago office:  “Chicago is super valuable to us because of the talent that’s here.  If you move to one of the coasts, you…will get access to talent, but it’s much harder to come by.  And, in Chicago, we’ve got an incredible exchange and trading community.”  And, according to Fred Grede, CEO of Bcause:  “They’re starting to figure out that the real center of liquidity in these kinds of markets is right here in Chicago, and that it’s a tremendous pool of resources.  I don’t mean to get into any disrespect for New York.”                        

DRW, founded by billionaire trader Don Wilson, was the first trading firm in Chicago to jump into the crypto space.  In 2014, DRW spun off Cumberland Mining which runs the largest over-the-counter cryptocurrency trading desk in the world.  In 2017, Akuna Capital, Blue Fire Capital, CMT Digital, DV Trading, and Consolidated Trading launched cryptocurrency trading desks.  In January 2018, Trading Technologies announced a partnership with Coinbase to provide cryptocurrency trading in both spot and derivative markets.  In April 2018, Hehmeyer Trading launched the first cryptocurrency index fund.  Jump Trading, the largest trader of U.S. Treasuries in the world, ‘jumped’ into cryptocurrency trading in mid-2017 and, in June 2018, launched an over-the-counter cryptocurrency trading platform.  XR Trading and TransMarket Group also began trading cryptocurrencies in 2018.  Geneva Trading is in the process of forming a cryptocurrency trading team.   

In summary, Chicago has all the ingredients to become the ‘Crypto Trading Capital of the World’ with its abundance of derivative exchanges, spot exchanges, traders, investors, developers, etc.  One of the keys will be to bring together the major players in Chicago’s emerging crypto ecosystem to foster collaboration.  There is competition to be sure among the various players but there is also such a thing as co-opetition.  As the saying goes, a rising tide lifts all boats.  For many years, the CBOT, CME & CBOE have competed against each other but find another city or region in the world which could boast three of the biggest and most successful exchanges on the planet.     

Stay tuned as FinTank (FinTank.org), a local Fintech hub and accelerator specializing in crypto assets, is getting ready to facilitate collaboration by launching Chicago’s first online crypto community for traders, investors, miners, entrepreneurs, developers, consultants, senior-level executives, and other blockchain/digital currency players and enthusiasts.  FinTank is partnering with two startups in its accelerator—Crypto Markets and Coinifide —to build a platform that offers in-depth content, experiential learning, and job leads to enhance the knowledge, skill set, and economic opportunities for participants in Chicago’s burgeoning crypto community.

Nasdaq and VanEck join to launch new Bitcoin futures Contracts

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel
        

 https://play.google.com/store/apps/details?id=com.freecryptosignals.app 

     
                   
              Join- https://t.me/btctradingclub



World’s second-largest stock exchange Nasdaq is preparing to launch its bitcoin futures contracts in the first quarter of 2019.

A couple of weeks ago, the cryptographic ecosystem suffered a sharp drop in its prices, when the Bitcoin’s value fell around 70% compared to the peak reached in the last quarter of last year.

Despite the recent collapse of the crypto market, the New York stock exchange has announced that it maintains its plans to launch bitcoin futures in the first quarter of 2019 in a joint initiative with the investment management firm VanEck.

In this regard, Gabor Gurbacs, director of digital asset strategy at VanEck, said the companies plan to launch a variety of bitcoin derivatives in the first few months of 2019, including the aforementioned regulated futures contracts. The announcement was made during the Consensus Invest conference held in New York, on Tuesday.

Gurbacs confirmed the information in his Twitter account, ensuring that Nasdaq and VanEck will present transparent, regulated and monitored products of digital assets, such as bitcoin futures contracts.

“@Nasdaq and VanEck’s @MVISIndices announces #index #partnership and intention to bring to market transparent, regulated and surveilled #DigitalAssets products, such as #Bitcoin futures contracts. More info to come,” the publication said.



Bitcoin Futures Contracts

In the last year, Nasdaq has openly shown interest in launching bitcoin futures, but they did not do so before because according to Adena Friedman, CEO of Nasdaq, they wanted their contracts to be different from those that already exist.

On the other hand, after the collapse of the market, several reports indicate that the second stock exchange in the world has taken into account the concerns of the Commodity Futures Trading Commission (CFTC) of the United States – a government independent agency which regulates futures markets – and Nasdaq has been working on it.

The CFTC, which regulates bitcoin as a commodity, has so far approved only two encryption futures products: one from the Chicago Mercantile Exchange (CME) and another from the Chicago Board Options Exchange (CBOE).

However, they are not the only ones who have shown interest in Bitcoin futures.

For its part, ICE (Intercontinental Exchange), Nasdaq’s main competitor, has announced their plans to launch a bitcoin futures product liquidated physically in the first quarter of 2019.

Similarly, the cryptocurrency exchange created by ICE, Bakkt, announced that it would launch bitcoin futures to the market on December 12, but later decided to postpone the launch for next year’s January 24.

Is Bitcoin dead? 8 reasons why it is NOT

For more latest news update Cryptocurrency training Crypto trading signals & automated trading software join below given telegram channel
        

  https://play.google.com/store/apps/details?id=com.freecryptosignals.app 

     
                   
              Join- https://t.me/freebitmexsignals




Is the price of Bitcoin down to zero? 
No.

Bitcoin is trading above $4000 at the time of writing. Yes, that's far from the all time high of close to $20K, but people are still buying Bitcoin every day, every hour, every minute. Don't forget that only two years ago, one Bitcoin was worth $736, and in September of 2017 BTC was still trading below $4000.

Many people got hurt post-bull run, but zoom out and look at the bigger picture. Patience is the name of the game here.


Is this the worst Bitcoin bear market EVER?
Nope, we've been here before.
We've seen worse.
And we survived.

Be like the hodlers who got through the 2011 crash. Who dealt with the -83% retracement in 2013. Who were not afraid anymore during the 2013-2015 bear market because they knew that Bitcoin would come back stronger, eventually.



Hi CNBC Crypto Crew, can you please discuss about the gains after each of the last 4 major Bitcoin crashes (80% or more) in the past 9 years. 

The 2014-2016 bear market resulted in a 13,100% gain from the bottom of $150.




Did Bitcoin stop working? 
No. 
Every 10 minutes or so, a new block is created on the Bitcoin network. Every 10 minutes, assets, sometimes worth millions of dollars, are being sent across the world, fast, for a low fee. Bitcoin dead? Miners are still mining, blocks are still being created, transactions are still being confirmed. The fact $BTC dropped in price didn't change anything to that.





Are institutional investors walking off because of the BTC price drop?
No.
What would institutional investors be more interested in? Buy at the all time high together with the retail investors, or wait for the inevitable correction and buy in 5 times cheaper?

And if they buy at those cheap prices, would they send out a tweet right away, stating 'I just bought 9000BTC on Bitfinex'? No. They accumulate quietly, knowing that, at some point, retail FOMO will push their ROI.

Some big players might be buying already, some institutional investors might be waiting on the sidelines for the price to drop even further, or for regulation to be implemented, or for the right products to be launched. But one thing that's certain is that when it comes to buying, institutional investors like blood on the streets more than hype.

As Michael Novogratz says, when the time is right, institutional FOMO will kick in too.



Did the fundamentals of Bitcoin change?
No.
Let's just steer away from the price action for now. Is transaction volume on the Bitcoin network still high? Are people actually using it? 'Pomp', take it away and explain to us why Bitcoin fundamentals haven't changed at all.

Bitcoin reach $5.5k to $19k in 33 Days,in 2017 is it possible 2019

For more latest news update Crypto currency training Crypto trading signals & automated trading software join below given telegram channel
         



       Join- https://t.me/freebitmexsignals

    

        Join- https://t.me/btctradingclub



Mainstream media, renowned economists and other crypto critics have killed Bitcoin more than 300 times since its launch. But the digital currency always come back from the dead.

Every bitcoin crash from the past has witnessed a surge in crypto-doomsday theories. As a relatively new market, BTC charts do not behave like any conventional asset out there. They demonstrate wild price fluctuations that are adequately scary for weak-hearted traders. Even then, every serious BTC fall eventually turns into an equally vibrant bullish action. Traders, speculating on the long-term potential of the digital currency, buy the dips, hold on to them, and awaits a rally to exit on a profitable note.

The latest Bitcoin crash somewhat repeats the same cycle of death and resurrection. Only this time, the negativities are more intense presumably because of analysts. Almost every prominent Bitcoin bull had pushed $6,000 as an unbeatable bottom. They had reasons, of course. The said level had defended the bullish forts throughout this depressive year. Every extended selling attempt reversed from $6,000 area. Miners recognized it as break-even level based on their return on investments. Factors such as these led the industry to believe that $6,000 will hold the bears for good.

The belief got shattered on Thursday when Bitcoin established a new yearly low below their presumed bottom. The price found interim support at $5,188, attempted an upside correction, and is now trading at $5,471 on Coinbase at the time of writing. However, the market can extend its selling action, for the correction appears weak. In short, BTC is bleeding and in need of blood bags.

Why 2019 is Crucial


Bitcoin bull Tom Lee almost doubled down his price prediction for the digital currency, from a whopping $25,000 to a modest $15,000 by the end of this year. Whether the market will be able to recover to a five-figure value cannot be known yet, but it certainly has enough going on in the background.

Bitcoin ETF, for instance, still holds relevance to how the digital currency sentiment would be in the future. The US Securities and Exchange Commission (SEC) has rejected nine Bitcoin ETF applications but keeping one under review. The decision about it will come before the last quarter of 2018. VanEck, the ETF’s applicant, is confident about its approval this time, so the bitcoin speculators have enough positive sentiments to keep the market afloat until then.

Similarly, large-scale institutions are launching crypto products to cater to big investors. Fidelity, ICE, Galaxy Digital – the list is growing already. Alex Krüger, a prominent market researcher, claimed that the Wall Street alone had injected $5.9 billion worth of capital into the crypto space. The fruits of such investments will take time to flourish, but they will thrive in a longer run.

In 2017, the Bitcoin market added multi-billion dollars to its market cap within just 33 days. Between the said period, the BTC/USD value shot up to $19,000 from a mere $5,500. And that happened because the speculation was high. In the present, there is speculation. But it is more realistic. So a near-term fall might scare-off day traders but long-term speculators are holding their grounds.

Is McAfee sweating already? His Bitcoin prediction is now almost 300 days behind

For more latest news update Crypto currency training Crypto trading signals & automated trading software join below given telegram channel



      Join- https://t.me/cryptosignalalert

https://play.google.com/store/apps/details?id=com.freecryptosignals.app 



Remember that famous Bitcoin prediction of John McAfee? Bitcoin at $1 million by 2020 or a certain private part gets eaten on national television? Well, after this week's Bitcoin crash, things are not looking very promising for McAfee right now.

The crypto enthusiast first predicted Bitcoin to reach $500K in 2020, stating that he will 'eat his dick on national television' if that doesn't happen.


In November 2017, four months after his first bet, McAfee took it a step further and predicted Bitcoin at $1 million by the end of 2020, adding that 'I will still eat my dick if wrong'.


When I predicted Bitcoin at $500,000 by the end of 2020, it used a model that predicted $5,000 at the end of 2017. BTC has accelerated much faster than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will still eat my dick if wrong.


McAfee had every reason to be confident at that time. On November 29 2017, the day of his $1 million predicition, Bitcoin was trading 128% above the average trend line leading to $1 million by the end of 2020. A handy McAfee predictor tool keeping track of the progress, Bircoin.top, explaines that 'Bitcoin needs to grow at a rate of 0.484095526 % per day from 2017-07-17 to 2020-12-31 to get from $ 2,244.27 (price on the day of his first prediction) to $ 1,000,000.00'. 


At the all time high of Bitcoin, mid-December 2017, Bitcoin's price was 314% above the red line, and 296 days ahead of the growth that is needed for McAfee's prediction to come true. 
298 days behind


Things are looking different these days. With Bitcoin's price dropping from close to $20K to the current levels of $5.5K, McAfee is losing sight of the average trend line going towards the $1 million. Currently, the price of Bitcoin is 76,3% below and 298 days of average growth behind the red line. Bitcoin should have been $23,520.75 at this point to be on schedule. 
'
I cannot loose the bet'


McAfee, however, doesn't seem to be worried at all. On Thursday, he posted on Twitter that 'we are still on schedule to get to $1 million by 2020'. 'I cannot lose the bet. It is mathematically impossible. What you have been seeing is short term (< 18 months) nonsense. Ignore it and look at fundamentals.'

Bitcoin pioneer who gave away over US$100mil has no Regrets

For more latest news update Crypto currency training Crypto trading signals & automated trading software join below given telegram channel



Join- https://t.me/btctradingclub

https://play.google.com/store/apps/details?id=com.freecryptosignals.app 


Jeff Garzik started writing software code for Bitcoin after reading a blog post about the digital currency in July 2010. At the time, he was working remotely for open-source powerhouse Red Hat Inc from an RV parked in an empty lot in Raleigh, North Carolina.

He soon became the third-biggest contributor to Bitcoin’s code after the cryptocurrency’s anonymous creator Satoshi Nakamoto and developer Gavin Andresen, and remained so through 2014. Looking back 10 years after its creation, Garzik says he is proud, even though Bitcoin is not what he envisioned it would become.

As a father I enjoy watching my kids grow up, even as they make mistakes or grow in ways that I wouldn’t expect,” said Garzik, who has given away Bitcoin valued at more than US$100mil (RM417.83mil) based on current prices.

During the initial period, Garzik, 44, worked directly with Nakamoto, corresponding via private email and the Bitcointalk forum, until the token’s creator abruptly disappeared in 2011. Former collaborators and journalists have been guessing since about who he or she or they were – a matter of importance since Nakamoto controls about 1 million Bitcoins, and could impact the cryptocurrency’s market price.

”My personal theory is that it’s Floridian Dave Kleiman,” Garzik said in an phone interview. “It matches his coding style, this gentleman was self taught. And the Bitcoin coder was someone who was very, very smart, but not a classically trained software engineer.”

Kleiman, a former Florida sheriff’s officer who ended up becoming a computer forensics expert, died in 2013. Kleiman’s estate is suing Australian Craig Wright, who has claimed to be Nakamoto, for allegedly seizing billions of dollars worth of Bitcoins and intellectual property from Kleiman. Wright denies the claim.



Nakamoto’s vision of Bitcoin as private money hasn’t come to fruition. Its use in commerce is actually falling, according to a recent analysis from researcher Chainalysis. Instead, speculators and investors have treated it as an asset like gold. That’s fine with the Atlanta-based Garzik.

”It is an organism, it’s something that evolves,” said Garzik, who worked for crypto payment processor BitPay and still sits on its board, as well as the boards of blockchain-technology company BitFury and the Linux Foundation. “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very early days: getting merchants to accept Bitcoins. But on the store-of-value side it’s unquestionably a success.”

Garzik continued coding for Bitcoin until 2016, when he shifted focus to his own ventures amid bickering among developers and miners over how to scale the network. Bloq Inc, a startup Garzik co-founded, has sought to carve out a niche serving enterprise clients. Bloq, where Andresen sits on the advisory board, now has 30 employees and clients among Fortune 50 companies as well as cryptocurrency-focused firms.

Developer bounties
Today, Bitcoin is worth about US$6,500 (RM27,156) – a far cry from last December’s high of almost US$20,000 (RM83,564), but way more than when Garzik first started working on the project. He remembers a party to celebrate Bitcoin hitting US$1 (RM4.18) back in 2011.

Garzik declined to disclose his current holdings, but said he gave away 15,678 Bitcoins about seven years ago in developer bounties to spur work on the software. They would be worth more than US$100mil at current prices. He has no regrets about the giveaway, and said what matters is that Bitcoin is still around.

> The United States Is In The Middle Of A Global Blockchain Race - And Is Losing

For more latest news update Crypto currency training Crypto trading signals & automated trading software join below given telegram channel


Join- https://t.me/btctradingclub


Join- https://t.me/freebitmexsignals


https://play.google.com/store/apps/details?id=com.freecryptosignals.app




It is no secret that government entities are struggling to both define and regulate blockchain technology — particularly in the United States. Despite holding Congressional hearings on the matter, U.S. federal governing bodies cannot come to a consensus on, let alone fix, the discrepancies between state definitions and regulations.

Education in the blockchain space is severely lacking, and as U.S. legislators struggle to understand the technology, other countries have surpassed us — moving onto both proposing meaningful regulation and presenting blockchain use-cases for more transparent government practices. Among the various blockchain technologies, cryptocurrencies are the highest regulatory target across the world. This raises the question: when will the U.S. follow the lead of other countries and form cohesive regulation for cryptocurrencies?


Other countries, particularly in Asia, are strides ahead of the U.S. when it comes to regulation of cryptocurrencies. For example, we can look to Chile helping to establishing a Bitcoin-to-peso exchange in 2015, or China implementing a ban on initial coin offerings (ICOs) earlier this year.

Whether harsh or not, having regulatory guidance not only assists in defining the use-case of the technology for various sectors, but also helps form a roadmap to clear regulation - one that can be built upon as the technology evolves. In fact, Chinese regulators are moving to improve upon their own legislation by looking to the public for feedback. This effort was most recently demonstrated by the draft policy released by the country's top internet censorship agency on how to regulate blockchain service providers. The news followed the Hong Kong Stock Exchange ’s proposal classify fintech startups as subject to existing financial regulations.

China is not the only instance of other countries leading the charge for blockchain legislation — Japan is also at the forefront with their being one of the first to draft regulation recognizing bitcoin as a legal form of payment, issue cryptocurrency exchange licenses, and then taking that a step further by exploring best practices for simplifying tax return filings for cryptocurrencies.

Even countries in Europe and South America have gotten involved, with an EU Securities Group recommending regulating crypto assets under existing financial laws, and Fernando Haddad, the presidential candidate for the Brazil Workers’ Party, recently publishing his plan for the government on the blockchain — helping to heed citizens’ calls for more government transparency.

As other countries are looking for ways to ensure cryptocurrencies can be utilized by the general public, in the U.S., we have a dearth of policy makers and decision makers who are champions of innovation. There is an immediate need for blockchain education among political leaders in the U.S.

The U.S. Securities and Exchange Commission (SEC) should absolutely be applauded for the recent formation of a division to talk to ICO startups , but the only way to create loophole-free regulation is to open the conversation and include blockchain leaders from various companies, both developing and utilizing the technology. Regulation on blockchain should be treated very similarly to the process used when revamping the tax code or updating the Telecommunications Act — by holding hearings and having roundtables with experts representing all stances on the technology.

The U.S. has a reputation for being a tech industry leader and economic giant; however, we are at risk of being surpassed entirely if legislators do not get up to speed on both the technology and how to best regulate it. We are no longer in a position to be debating the use-cases of the technology, but instead have to figure out best practices for ensuring blockchain is widely available and safe for mainstream use.

In fact, it was released that blockchain technology could actually save the federal government billions of dollars — but the lack of education on the matter within Congress is slowing movement on regulation, and will cause the U.S. to quickly fall further behind in the global technical economy.

It is evident that U.S. consumers and legislators alike are feeling the pressure to enact regulation as quickly as possible. This is no longer a question of when, but a more complicated question of how. While the creation of the Congressional Blockchain Congress was a step, there are still several back roads to the highway of mainstream adoption; we need to agree, as a nation, which one to take.

Crypto to Become Main Topic at World Economic Forum

For more latest news update Crypto currency training Crypto trading signals & automated trading software join below given telegram channel


 Join- https://t.me/btctradingclub


 Join- https://t.me/freebitmexsignals 



https://play.google.com/store/apps/details?id=com.freecryptosignals.app 



Technologies as blockchain and cryptocurrency will be the main topic of the World Economic Forum (WEF), which will be held in January 2019 in Davos, Switzerland.

As the president of the forum, Børge Brende said, the international community needs to pay attention to the lack of interaction at the global level in order to confront contemporary challenges and threats both in geopolitics and in the field of ecology and climate change.

Also among the topics that the forum participants are planning to discuss are Brexit and the economic climate change in the European Union.

Recall that in the past year, WEF participants have already discussed cryptocurrency. Then everyone came to a single decision on the need to regulate the market, noting that at the moment there is no universal way to introduce any effective measures. At the same time, the Minister of Finance of Great Britain announced the need to regulate cryptocurrency, as Bitcoin and other digital currencies become part of the global economy. In turn, the United States offered to develop and implement a global standard for regulating the young market

Ceo Of Pantera Capital Says Buy One Bitcoin, Get Two for Free

For more latest news update Crypto currency training Crypto trading signals & automated trading software join below given telegram channel
           


         Join-  https://t.me/btctradingclub

             
           Join- https://t.me/freebitmexsignals                                         



https://play.google.com/store/apps/details?id=com.freecryptosignals.app 


Dan Morehead, The CEO of Pantera Capital, in a discussion with CryptoTrader Ran NeuNer, shed some light on the emerging patterns in the cryptocurrency ecosystem and their current state. He notes that last October, Bitcoin (BTC) started to rise and crossed the  $19,000 barrier, things this year are quite the contrary.

Morehead insist that while Bitcoin is on the verge of completing a decade, the stress should be not on the current state but what the future entails for the token and the overall cryptocurrency markets. Furthermore, investors need to view the market with a  multi-year approach and not just seek immediate gains.


When NeuNer asked Morehead about the current doubt looming over cryptocurrency market might be due to the loss of money on the space, the CEO confidently points out that the current market patterns are not entirely new, with varying degrees of changes they have been observed earlier as well. Adding that bitcoin market is  more “manic than other industries,” he stated:



Morehead referred the current situation as the buy one, get two sale, indicating the price drop and predicting the hike. Elaborating further he states that the FOMO devil has been controlling the investor sentiment as investors tend to stream in when the prices are too high.

Discussing the benefits of utility tokens he described them as “one of the most powerful financial tools ever.” The use case of Bitcoin as a multi-utility tool and not just as a store in value is dependant on the keen eye of investors. He hopes that the coming years the ecosystem will grow to 500 million.

Ukraine Plans to Fully Legalize Cryptocurrencies Within 3 years

                                
Bitmex Binance crypto auto trading bot Crypto mobile trading APPS & Excellent profitable crypto trading signal with consistent profit join below given telegram channel

                        Join- https://t.me/btctradingclub
                                                                      
                              
                        Join- https://t.me/freebitmexsignals    


https://play.google.com/store/apps/details?id=com.freecryptosignals.app


The government in Kiev intends to legalize cryptocurrencies and comprehensively regulate the fintech sector as part of a new public policy developed by the economy ministry. The process may take up to three years to complete but eventually the industry built around digital assets should become a legitimate part of the country’s economy.




Parliament to Adopt Laws for ICOs and Smart Contracts


The new regulatory concept will be implemented in two stages. The legal status of cryptocurrencies, trading platforms and other entities dealing with digital assets must be determined in 2018 and 2019. By the end of next year, the Ukrainian government will analyze the market to identify trends and outstanding issues in order to put forward adequate proposals to regulate the whole sector.

According to the document prepared by the Ministry of Economic Development and Trade, the next stage, 2020-2021, would involve recognizing cryptocurrency wallet providers and custodial platforms as “subjects of primary financial monitoring.” The status is typically granted to traditional financial institutions such as commercial banks and insurance companies.

Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years

During that time, Ukrainian lawmakers are expected to draft and adopt legislation regulating initial coin offerings (ICOs), tokens and the use of smart contracts, Forklog reported. A number of bills have been filed in the Verkhovna Rada, Ukraine’s parliament, since last year but very little progress has been made toward their adoption.

The first three drafts from last fall were meant to regulate the circulation of digital coins, stimulate the cryptocurrency market and amend the Ukrainian tax code to regulate the taxation of profits related to digital assets. In the last couple of months, two bills introducing tax breaks for businesses and individuals dealing with cryptocurrencies have been proposed by Ukrainian legislators from different political parties.

Companies to Gain Access to Banking Services
In an announcement published on its website this week, the economy ministry expressed confidence that the implementation of its regulatory concept would allow crypto companies to gain access to banking services and attract more capital through regulated token sales. The ministry noted that due to the legal uncertainty, these businesses face many difficulties, while the industry remains largely part of the shadow economy.

Ukraine Plans to Fully Legalize Cryptocurrencies Within Three YearsThe authors of the new strategy hope that the regulation of the sector will increase budget receipts and foreign investments, while stimulating the development of the digital economy. In less than two years, Ukrainian companies have raised over $100 million through ICOs and cryptocurrency mining businesses are generating $100 million annually. The daily volume of trading cryptocurrencies with the Ukrainian hryvnia has reached almost $2 million and the Ministry of Economic Development claims Ukraine is among the top 10 countries by number of cryptocurrency users.

The ministry’s initiative is the second attempt this year to coordinate the efforts of Ukrainian institutions aimed at adopting a comprehensive legal framework for the cryptocurrency space. In July, Ukraine’s Financial Stability Council approved another regulatory concept for the sector, and in January, the National Security Council formed a working group tasked to finalize the different proposals. The new document will be submitted for approval by the Cabinet of Ministers.

An Online Swiss Bank Becomes ‘The First Bank Worldwide’ to Offer Clients Access to ICOs

  

https://play.google.com/store/apps/details?id=com.freecryptosignals.app



Join- https://t.me/btctradingclub
                      
   

Join- https://t.me/freebitmexsignals



For more Bitcoin Crypto Currency news Latest Update Crypto Currency Training Auto Trading Crypto BOT & Crypto Trading Signals join above given telegram channel


On Monday (22 October 2018), Swissquote, the first pure online bank in Switzerland, announced that it had become the first bank in the world to offer its clients the opportunity to participate in Initial Coin Offerings (ICOs).

Swissquote Group Holding Ltd was founded in May 2000, and later that year, Swissquote Bank Ltd obtained a banking license. In September 2013, by acquiring Swiss online broker MIG Bank (a major player in the Forex markets), it became "one of the world’s top ten online currency trading service providers."

Swissquote says that it is proud to have become the first bank to allow customers to take part in ICOs "conveniently in a secure environment against fiat currency" without needing to know much about blockchain technology or even owning a crypto wallet. The bank will "take care of the execution of the orders and the custody of the tokens" for its clients. Swissquote will offer its clients only those ICOs that it believes are "mature projects, ready to be launched," and that it will "review who the management is, what the business is, what the financials are and what the legal situation is."  

For the first ICO to become available on its trading platform, Swissquote has chosen Swiss blockchain startup LakeDiamond, a spin-off of the EPFL (Swiss Federal Institute of Technology in Lausanne), that designs and builds Chemical Vapour Deposition (CVD) reactors that are able to grow in its laboratories ultra pure diamonds (less than 1 nitrogen atom in every billion carbon atoms) that are suitable for "the most demanding applications both in the jewellery and high-tech sectors."

LakeDiamond is doing a token (LKD) sale in order to raise funds to buy 50 more CVD reactors so that it can ramp up its production capacity. Swissquote says the LKD tokens "grant a 'right of use' to grow diamonds for a defined amount of time," and they are "the first time-based payment tokens allowing the production of physical assets"

What Swissquote is doing at this stage is a pre-sale (running from October 22 until December 11) of LKD tokens since the actual public ICO is set to start sometime in January 2019. Clients participating now get a 10% bonus (one free token for each ten that they purchase).