The chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, spoke about what needs to be done in the cryptocurrency industry before approving applications for a Bitcoin ETF.
According to Clayton, the industry is in dire need of high-end custodial solutions that would be approved by US regulators. In addition, you must ensure that there is no market manipulation.
Bitcoin analyst Oliver Isaacs expressed the opinion that the first cryptocurrency rate would reach $ 25,000 by the end of 2019.
"There are multiple drivers behind the recent resurgence. There are geopolitical, technological and regulatory drivers. The net effect of the trade war between the U.S. and China has led to the sudden interest in bitcoin as a hedge on investments," Isaacs said.
The Geco One platform generates synergies between the active parts of the market
A new trading platform for cryptographic assets will be launched in the coming weeks. Geco.one is aiming to be one of the complete platforms for digital trading. The competition is stiff, a technological sector that increases the benchmark continuously presenting advances every short space of time. Therefore, the trading platform presented by Geco One requires a special touch and first-rate features. A next-generation options menu will make it possible to trade inside PAMM services, futures trading, leverage, and both long and short positions from a single platform; offering control, simplicity, and diversity to the user.
Several sources close to Chinese business circles reported that the co-founder and former director of mining giant Bitmain Jihan Wu was preparing to launch a new company called Matrix.
Interestingly, the main client of Matrix will be Wu's former brainchild - Bitmain. Of course, now the new business is negotiating with other companies around the world. Matrix expected to offer custody and credit services, so the choice of Bitmain as a key client is quite reasonable. The mining giant generates a large amount of cryptocurrency that needs to be stored somewhere.
Today, we are presenting a project that will have an important impact, the launch of a token linked to gold mining rights. A talented team, with decades of successful entrepreneurial activities and hard work, presents the revolutionary TrueGoldCoin token.
May was very successful for the first cryptocurrency - the Bitcoin rate rose by 60%, however, Bloomberg analysts believe that the correction observed in recent days not ended.
According to analysts, GTI Vera Convergence-Divergence indicator, which tracks positive and negative trends, points to a continuation of the fall. For the first time since April, the indicator issued a signal to sell the first cryptocurrency.
Delphi Digital analysts said that in 2019, Bitcoin is the most profitable asset - in May of this year, the rate of the first cryptocurrency increased by 60%.
"The acceleration in BTC's performance comes at a time when conventional risk assets, notably global equity markets, continue to see selling pressure […]," analysts emphasized.
The largest cryptocurrency exchange Binance has transferred Bitcoins worth $ 1.26 billion from one wallet to another. The amount of commissions was only $ 124.6.
Billionaire investor and founder of the cryptocurrency bank of Galaxy Digital Mike Novogratz is confident that the price of Bitcoin is consolidating in the range from $ 7,000 to $ 10,000.
"If I'm wrong on that, I think I'm wrong to the upside, that there's enough excitement and momentum that it could carry through," said a former Goldman Sachs partner during a conference call dedicated to quarterly indicators of the company.
A study of Binance, one of the largest cryptocurrency exchanges, showed that new institutional investors are coming into the industry, which may affect the rise in Bitcoin prices.
According to analysts, a significant number of new investors are entering the market, which have a large amount of funds.
Founder of the Ikigai cryptocurrency hedge fund Travis Kling believes that a small group of wealthy traders can push the Bitcoin rate to new heights.
Kling based on data from its own analysis and information from other institutional investors. In his opinion, there is a small group of "risky whales", which caused the recent take-off of the first cryptocurrency course.
CMA project is building an Ecosystem for New Era of Decentralized Marketplaces.
CryptoMarketAds.com is the first fundamental product. It is a new marketplace which solves all crypto advertising and marketing problems by connecting crypto market publishers (influencers, social media, marketing companies, etc.) and advertisers (crypto companies) in one place (marketplace is working already and got over 600+ offers for sale just in 7 weeks after the launch). Also, this will help crypto companies to promote their decentralized marketplaces which they will build using other CMA products.
David Chaum said that the most stunning application for the industry would be a privacy-oriented message-sending system, integrated with payments.
The digital currency pioneer said this in an interview with Bloomberg Odd Lots podcast. David Chaum is the creator of the predecessor of Bitcoin, e-currency Ecash, and one of the founders of the cyberpunk movement. Chaum told Bloomberg that raising awareness of privacy and digital sovereignty in the modern era paved the way for blockchain and cryptocurrency, which can make a breakthrough and go into mass use.
Co-founder and CEO of Kenetic Capital, Jehan Chu expressed the opinion that the rate of the first cryptocurrency by the end of this year will exceed $ 30,000.
Chu made a statement in an interview with Bloomberg. According to the head of Kenetic Capital, one of the main factors for the growth of Bitcoin will be the launch of the Fidelity and Bakkt platforms, the emergence of Facebook's own cryptocurrency. In addition, the recent unsuccessful share offerings conducted by Uber and Lift may attract investors to "new technology companies."
According to the Chepicap portal, an unknown sender transferred a transaction in the amount of 8.88 LTC (~ $ 1000) in the Litecoin network and paid a fee of 200 LTC (more than $ 22000).
Thus, the size of the commission exceeded the amount sent by 22 times. The transaction was added to the block, mined by the Chinese mining pool LTC.TOP.
The ICO and IEO industry is showing signs of growth due to positive investor sentiment, obviously spurred by a recent cryptocurrency rally.
These data published in the new report of the rating agency ICObench. As of May 21, the ICO's success rate has increased, reflecting an improvement in the quality of projects. 85% of all funds raised in May were received by projects with a high rating (3-3.5), while in April, the share of these ICOs accounted for 68% of the funds raised.
The world's largest social network Facebook plans to release its own cryptocurrency called GlobalCoin next year.
According to the BBC, Facebook will launch a system of cryptocurrency payments in the "dozen countries" by the first quarter of 2020. The company intends to begin testing the system by the end of this year. More information about Facebook plans will appear in the coming months.
Telegram Company informed in a letter to investors that it plans to launch its project Telegram Open Network (TON) in the 3rd quarter of this year.
Representatives of Telegram said in their letter to investors that the network is being tested successfully: the test blockchain works fine, and the consensus algorithm is consistent with the goals stated in the Whitepaper of the project.
