Bitcoin hitting $ 8,300 within hours, proves to be a great hedge against mainstream markets. Rally driven by crypto whales also pushing Ripple, XRP, Ethereum, Litecoin, Stellar, Tron. 5 million Bitcoin might be lost forever. Bakkt Bitcoin futures on the horizon. Starbucks and Whole Foods now accept Bitcoin, Ethereum and Bitcoin Cash. Major crypto adoption on Samsung’s phones.
By CCN: In the past 24 hours, the bitcoin price surged from around $7,000 to $8,300, recording a 17 percent gain against the U.S. in a parabolic rally and a new 2019 high.
Risk assets will always be risky, but investors are starting to see Bitcoin and other digital assets as a valid “hedge” – or bet – against the mainstream markets. Perhaps this week will be considered the first time that digital gold – Bitcoin – has acted as the new modern safe haven for assets.
Crypto Whales Driving Huge Bitcoin (BTC) Rally, Says Analyst – Plus Ripple and XRP, Ethereum, Litecoin, Stellar, TronThe Daily Hodl
New Yorkers can now log in to buy, sell, convert, send, receive, or store XRP on https://t.co/bCG11KMQ6s or using our iOS and Android apps.https://t.co/5VE1WklrWo pic.twitter.com/Zp5odgaoHs — Coinbase (@coinbase) May 13, 2019 Litecoin The Litecoin Foundation says it’s bringing LTC back into the ring at Glory 65 on Friday.
Suggesting about 30% of all coins mined so far, circa 5 million, may have been lost forever. Such dust coins can likewise be considered as lost with circa 25,000 BTC at dust like values on-chain. There are however a lot of zeros behind one bitcoin, but at some point it may be the case that even 1 satoshi is a rarity.
Based on the parabolic price movement of bitcoin and the substantial increase in the volumes of crypto exchanges, Multicoin Capital general partner Vinny Lingham said it is entirely likely BTC is now at the start of a recovery, en route to test its all-time high at $20,000 in the near future.
Other traders have similarly said that considering the increase in the bitcoin price from $5,000 to $8,000 within one month, a slight correction would be ideal for the asset and the rest of the crypto market.
We’ll Be Bakkt…Soonish Bakkt could be cleared to proceed in just 10 short days pending Commodity Futures Trading Commission (CFTC) approval. Should the CFTC has no objections, Bakkt intends to prepare for user acceptance testing (UAT) of its futures and custody solutions.
For anyone who bought bitcoin even two weeks into its bullish trend in mid April, meanwhile, BTC has created gains of more than 60 percent. In BTC's 10yr trade history, crossing above the 200 day moving average (blue line) for any sizeable time (say 8wks+) has signaled bull season.
Flexa describes itself as “a new payments network, built on top of cryptocurrency, that brings buyers and sellers closer together in order to cut processing cost, eliminate fraud, and preserve your privacy.” They have a Spedn app which appears to be little more than depositing at Gemini who is a custodian of the crypto.
This payment service allows users to “send and receive money virtually by sending those cryptocurrencies and have the recipient convert them into local currencies.” XRP Price Soars 20% Where many altcoins have been profiting from Bitcoin’s current bull-run, XRP has been lagging behind.
The Zion trusted UI creates a safe environment for when you need to authorize a transaction with your crypto assets so that malware running on your phone’s OS cannot steal your information.” From this environment you can now swap pretty much any ethereum based token with Kyber stating in an email: “This integration enables the users to easily swap between cryptocurrencies in a decentralized manner without leaving the wallet.
By CCN: Bitfinex CTO Paolo Ardoino told Twitter that the firm was able to raise $1 billion in USDT within a short period because big investors know Bitfinex is “trustworthy.” Announcement from Bitfinex … $LEO fundraiser expected to be complete within 7 days pic.twitter.com/cgULJBDDxH
eToroX, the blockchain division of global investment company eToro, has today announced the addition of two commodity-stablecoins – eToro Gold (GOLDX) and eToro Silver (SLVX), two further fiat-stablecoins – eToro Ruble (RUBX) and eToro Yuan (CNYX) – plus 15 fiat pairs to its crypto exchange.
Bitcoin trading volumes are going parabolic with global crypto volumes – fake and all – surpassing $100 billion for the first time ever. While the regulated bitcoin futures have reached $1.4 billion in the past 24 hours, an all time high by magnitudes. Brazil’s entrance to crypto, where volumes are rising, might be another.
Chae Won-cheol, the senior managing director of the Product Strategy Team at the Wireless Business Division of Samsung Electronics, said that in the foreseeable future, the company will expand the number of Galaxy models that support crypto and expand its services to the U.S. and Canada.
Institutions Are Here: CME Bitcoin Futures Trade Record $1.3 Billion Esther Kim | May 14, 2019 | 09:00 The Grayscale Bitcoin Investment Trust (GBTC) was trading with an implied Bitcoin price of over $10,000 May 14 as investor interest peaked. Images via Shutterstock, Grayscale.co The Rundown GBTC At 30% Bitcoin Price PremiumHedge Fund Turnaround?
South Korean crypto exchange Bithumb has launched the open beta version of its global digital asset trading platform in 15 jurisdictions including the UK, Canada, Australia, and Japan. In the beta phase, the platform is allowing the users to trade perpetual futures contracts with test money.
Tron price formed a solid support base near the $0.0224 level against the US Dollar.TRX price gained traction recently and broke the $0.0255 and $0.0260 resistance levels.There was a break above a major bearish trend line with resistance near $0.0254 on the 4-hours chart (data feed via Bitfinex).The price could start a significant upward move if it breaks the $0.0260 and $0.0271 resistances.
Ethereum price surged higher and broke the key $178 resistance area against the US Dollar.ETH even cleared the $200 resistance level, opening the doors for more gains.There was a break above a couple of bullish breakout patterns near $176 and $203 on the 4-hours chart (data feed from Coinbase).The price could continue to move higher towards the $220, $225 and $240 levels in the near term.
Crypto Milestone: 30,476 Mainstream Stores to Accept Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH)The Daily Hodl
Major retailers including Whole Foods, Nordstrom and Crate and Barrel will allow the payment option at 30,476 stores. Once the POS device scans and recognizes the Flexa payment option, merchants can receive either crypto or US dollars for the purchase. Next, I went to a Baskin Robbins in my neighborhood and bought a small coffee by scanning the app.
There are now hundreds of different valuable cryptos, so keeping up with their latest price shifts and the contributing factors involves a significant amount of focus. Crypto Control offers traders a simplified, easy-to-understand interface that connects news stories directly to crypto prices.
E-commerce giant eBay is currently not allowing payments to be made in cryptocurrency and is not working on that option at all at the moment, the company confirmed to Cryptonews.com.
Major cryptocurrency exchange Binance moved their system upgrade from today to tomorrow, Wednesday, meaning that their clients won't be able to deposit and withdraw their funds today, when Bitcoin touched USD 8,000. Meanwhile, as reported, some of Binance clients are wondering “will there be compensation?”, as they have suffered losses with no means to regain their funds, in addition to a delay in resuming deposits / withdrawals.