This week saw the World Economic Forum in Davos. What better opportunity for US Treasury Secretary, Steven Mnuchin, to take a dig at 17-year-old Swedish girl, Greta Thunberg? Of course, many took the opportunity to discuss important things like Bitcoin and cryptocurrency.
Bitcoin Price: Meh…
Okay, so I’d like to just write ‘meh!’ and move on, but apparently I’m contractually obliged to give you a little more than that…
Bitcoin’s heroic ascent of the $9k peak was over before they’d even got out the sandwiches. In fact, it had fallen back to $8650 between last week’s Sunday Digest being written and being published.
At least fees were still low.
Price trundled along sideways until Thursday when it took another hit down to the $8300s. On Friday we saw another push upwards towards $8500, but that faltered and BTC price returned to the $8300s, where it has remained ever since.
Let’s finish with a round-up of some pretty diverse bitcoin price predictions from this week. We have had fairly moderate forecasts, such as not revisiting $7k in our lifetimes and $12.5k by May. And of course, we have had more ambitious possibilities, like $100k in 2021, and even $424k in 2021, although to be fair, that last one was more of a ‘what if’ than an actual prediction.
Probably best to see what happens in the next week before we overcommit ourselves, eh?
XRP And Ripple In The News This Week
Netherlands-based fiat-XRP on-ramp XRParrot was forced to close this week due to the country’s strict interpretation of the latest EU anti-money-laundering directive.
Later in the week, XRParrot developer, Wietse Wind’s XRPTipBot for Twitter also got blocked, apparently for impersonating itself.
Ripple-backed Moneygram also confirmed a push towards achieving dominance in the Indian remittances market.
Ripple CTO, David Schwartz, defended the company on Quora, claiming that the XRP network was indeed decentralized, and Ripple cannot block XRP transactions.
The Bank of International Settlements (BIS) chief told the World Economic Forum in Davos that cross-border payments are a top priority, leading many to hope that this could finally be XRP’s hour in the sun.
At the same event, Ripple CEO Brad Garlinghouse sort of confirmed the company’s intention to go public with an IPO in the next 12 months.
We learned that Ripple secured $200 million in round C funding last year, making it the biggest fundraiser in the blockchain space in 2019.
We also found out that in Q4 2019, for the first time ever, Ripple returned 2.7 billion of the 3 billion XRP released from escrow.
Some suggested that if US Courts eventually recognize XRP as a commodity, the price could soar to $500.
Bitcoin and Crypto News In Brief
With US authorities still dragging their heels, it’s nice to see the Australians taking a lead. The Australian Securities and Investment Commission (ASIC) this week approved Raiz Bitcoin investment retail fund. Sure it took 95% of sugary ETF to swallow just 5% of Bitcoin goodness, but it’s a start.
During the ongoing Indian Supreme Court hearing, the Reserve Bank of India (RBI) denied that it had ever banned Bitcoin and virtual currencies.
A number of major central banks including Canada, England, Japan, Switzerland, and the ECB have formed a think tank on CBDCs (Central Bank Digital Currencies).
Bahrain also looked at joining the CBDC party, being the first nation to trial a new CBDC toolkit developed by the world economic forum.
Bitcoin SV had another mini-pump this week. Its mid-week gains were lost again by the weekend, but it still stands 150% up on the price a month ago, leaving many still waiting for the big crash back down.
Facebook’s Libra Association lost another of its founder members in Vodafone, who explained: “We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion. We remain fully committed to that goal and feel we can make the most contribution by focusing our efforts on [mobile payments platform] M-Pesa.”
Ethereum 2.0 actually seems to be making some visible headway towards becoming a reality, as an important smart contract was successfully verified this week.
Furthermore, the eventual move to proof-of-stake gained further proof-of-support, when it was revealed that up to a million ETH could already be staked in anticipation of Beacon Chain.
And Finally…
New York gaining the dubious honor of being crowned the world’s crypto-litigation capital, with twice as many blockchain-related cases as any other venue.
It’s no wonder the city never sleeps. It doesn’t have time.
What was your favorite bitcoin and crypto news story of the week? Let us know in the comments below!
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Key takeaways Bitcoin has dropped below the $29k level, presenting a buying opportunity for some investors. Shiba Memu’s presale has now surpassed the $2 million mark. The cryptocurrency market has been bearish this week, with the prices of most cryptocurrencies currently in the red zone.
Bitcoin transactions in million-dollar figures rose over the weekend and could offer a buying opportunity.
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Many notable cryptocurrency traders are estimating that the opportunity for a Bitcoin (SV) short may be the easiest trade in years. Bitcoin SV (BSV) has shockingly more than tripled in price since the beginning of 2020.
The world's leading cryptocurrency is again back above $8,000 after falling to nearly $7,650 yesterday. Up 2.20% in the past 24 hours, BTC/USD is currently trading at $8,052, as per Coincodex. You had nearly 2 days to buy this ponzi below 8keks, I don't think the market will grant you another opportunity now — Majin […]
Voting has opened for the 2020 NBA All-Star game. With fans able to decide the players they wish to see take the court, there is an opportunity for the league’s biggest Bitcoin proponent to take to the court during the prestigious weekend.
China’s “Blockchain not Bitcoin” narrative has been known for a long time and going strong as ever. In October, President Xi Jinping himself emphasized the country to “take the leading position” in blockchain technology and “seize the opportunity.
With massive earthquakes and a possible Tsunami warning for Puerto Rico, Bitcoin (BTC) billionaires like Brock Pierce have an opportunity to make good on promises made to transform the Caribbean island.
Venture capitalist and bitcoin investor Tim Draper on bitcoin price: "So, um, yeah, it might be an interesting buying opportunity."
The post Billionaire Venture Capitalist: Bitcoin Price to Skyrocket to $250,000 After May 2020 appeared first on CCN.com
Bitcoin’s comparative lull in the second part of 2019 may have many investors licking their wounds… but it’s not all bad. At the moment, there is an opportunity to buy BTC at basically ‘fire sale’ prices.
The past week has been a difficult one for the cryptocurrency market, with many tokens recording a significant slump in their valuations.
According to a recent report by Arcane Research, the top teThe post Bitcoin's Fear and Greed Index suggests BTC buying opportunity appeared first on AMBCrypto.
Bitcoin has found a place in not only millennials’ hearts but also into their investment portfolios. While Boomers and GenX are still into traditional stocks and gold, millennials have taken to a decentralized store-of-value that provides them the opportunity for much higher returns but more importantly is deflationary and censorship-resistant. As we reported, Bitcoin has […]
Bitcoin's price collapse creates opportunity to buy more BTC, but how much?
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Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America.
Many top traders do not expect a Santa Claus rally this year. Though, a quant analyst claims that bitcoin offers a rare buying opportunity.
The post Now Is One of the Top 3 Greatest Buying Opportunities for Bitcoin: Analyst appeared first on CCN.com
Online payments service Skrill has introduced a new feature allowing users to directly exchange cryptocurrencies. The crypto-to-crypto option gives you the opportunity to use bitcoin core (BTC) stored in your wallet to buy and sell eight other supported cryptocurrencies, including bitcoin cash (BCH).
In this week’s Hodler’s Digest, Upbit targeted in devastating hack, cryptojacking malware found on YouTube, and Bitcoin’s “rare opportunity” for December
Economist Nouriel Roubini has earned himself the nickname Dr. Doom, due to the ominous forecasts he offers on a variety of financial markets and assets, namely crypto and Bitcoin. With Bitcoin price crashing once again and fear permeating the crypto market, Roubini has taken the opportunity to take a swipe at the asset class and.
Before breaking the record losing streak of 2014, that has BTC crashing to $6,515 level, Bitcoin went back above $7,000 and is still maintaining around that level. Since last week, Bitcoin price has lost 15% of its value, sinking to the lowest level in six months on concerns of a crackdown on crypto trading by […]
CryptoSlate recently had the opportunity to chat with Celsius Network CEO Alex Mashinsky. Mashinsky is a serial entrepreneur and founder of seven NYC based startups, having raised over $1 billion and exiting over $3 billion.
Coinspeaker Booking Airbnb with Bitcoin is Now PossibleIt has been revealed that Fold users will have an opportunity to enjoy a 3% cash-back on every Airbnb booking.Booking Airbnb with Bitcoin is Now Possible
A legendary short seller who shorted the 2017 Bitcoin bubble top just before the bubble began to deflate, has some sound advice for crypto investors looking for an opportunity to buy: Wait for a base to form, much like what happened in early 2019 when Bitcoin bottomed.
The Bitcoin ownership and distribution are still circulating among few, despite Satoshi Nakamoto designing the crypto coin to be used by everyone. The destitution of the cryptocurrency is still like the distribution system of the Fiat money.
BitoPro, a Taiwan bitcoin and cryptocurrency exchange, announced it is launching BitoDebt, a new regulatory compliant debt purchase platform – on November 26th, 2019 at 3 PM (UTC+8). The new service will provide users with new ways to manage their assets.
It is no secret that Peter Schiff isn’t quite a fan of Bitcoin, consistently voicing his happiness whenever the cryptocurrency drops. He takes every opportunity to highlight Bitcoin’s shortcoming, hoping that cryptocurrency enthusiasts end up following along and abandoning the asset.
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PayPal has ceased offering its payment services to models of the adult entertainment site, Pornhub. With PayPal dropping the pornographic streaming site, major stakeholders and other members of the cryptocurrency community believe that it is a good opportunity for the nascent industry to gain more adoption.
Last month, in a speech, Chinese leader Xi Jinping declared that blockchain technology is “an important breakthrough” and China should “seize the opportunity. ” Xi is the first major world leader who did such a strong endorsement of this nascent technology.
After surging towards $9,300 yesterday, Bitcoin’s bulls have once again surrendered to bears, leading BTC to plummet back below its key support level at $9,000. This overnight movement has once again led the cryptocurrency back down to its previous support level at $8,700, and it is showing few signs of having any strength at the.
Bitcoin traders were badly whipsawed today and yesterday as the cryptocurrency rose above $9,100 only to dump back down to $8,600. The price action gives spot buyers or HODLers the opportunity to add to their long positions.
Tom Kanazawa, CEO of Amaten, a gift card company, believes that 2020 is going to be a vital period for blockchain adoption, especially in Japan. With this opportunity right in front of him, Tom believes that the time is ripe to shift his company’s business model onto the blockchain.
Expanding from Bitcoin and Ethereum, the Bitwage startup has added Bitcoin Cash payrolls and Roger Ver?s Bitcoin.com has become the first corporate customer for BCH
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Wyoming Cloud, a new service that allows EOS (EOS) tokens to be purchased easily has been launched recently. It provides users the opportunity to buy EOS tokens through PayPal and send them to their wallets on the EOS blockchain according to reports from EOSGO.
After Wednesday’s crypto crash that left bitcoin trading at the $7,500 level, many investors never thought they’d see this kind of buying opportunity again. Now market leaders are predicting that the BTC price could have further to fall before regaining its upward momentum alongside improving fundamentals, which if they’re right could play out before the […]
The post Mike Novogratz’s Galaxy Digital to Launch Bitcoin Fund appeared first on CCN.com
Luxury electric car maker, Karma Automotive, now has a Bitcoin (BTC) payment option for its models. The firm is now ahead of Tesla, which has so far only toyed with the idea proposed by the crypto community.
More shade has been cast on Facebook’s digital currency project, Libra, with key members of its consortium dropping out. During a CNBC Squawk Box segment, everyone’s favorite mainstream Bitcoin advocate, Joe “Squawk” Kernan, took the opportunity to highlight the inferiority of the social media company’s efforts when compared with truly-decentralized cryptocurrency.
The pressure appears to be mounting again for Bitcoin. A couple of months ago they were saying ‘you’ll never get another opportunity to buy four figure BTC’, and today it is looking like dumping back to $6,000.
A new opportunity for a new currency Governments have to adapt to not control through currency Venture capital investor and Bitcoin bull Tim Draper currently in an interview shared how currencies today are based on faith in the government.
Bitcoin addresses holding more than 1000 BTC surging like crazy Bitcoin network stronger than ever 2018 was the year of brutal winter where Bitcoin price lost 84% of its value. Towards the end of the year, the leading cryptocurrency bottomed at $3,200.
IOV Labs, the parent company behind RSK Bitcoin smart contract network, and RSK Infrastructure Framework (RIF) has recently acquired Taringa, the major social media platform for Latin America with 30 million users.
Another one study by Coinstelegram Research (CTM Research) gives reason to believe that the dominance of bitcoin in the cryptocurrency market is weakening. In the near future, it may continue to fall, and this will give ETH, XRP and Litecoin the opportunity to start a rally.
Bitcoin appears to be looking at a little more downside before it becomes a reasonable buy again, according to a pair of crypto industry commentators. Having recently rebounded from what most traders are considering the ultimate bottom of the 2018 bear market, we could be looking at a further drop then sideways trading for a.
In a strategic move that has captured the crypto industry's attention, Franklin Templeton has filed for a Solana-based exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC).
XRP news today suggests the prolonged legal confrontation between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is finally approaching its conclusion.
XRP has experienced a notable price surge, climbing 7% to reach $2.25, marking a strong recovery from recent declines. This upward movement has reignited investor optimism, with analysts speculating whether XRP price can sustain its momentum and target the critical $3 level.
Bitcoin (BTC), Ethereum (ETH) and XRP face carnage in response to Trump’s policies and announcements. The total market capitalization of crypto is down to $2.784 trillion on Wednesday.
Ripple price remains in a bear market after falling by over 35% from its highest level in January. Ripple (XRP) rose for the second consecutive day as cryptocurrencies rebounded after the encouraging inflation data. Most of them rose, with Bitcoin…
Друзья, готовимся к важному событию — уже в мае XRP получит сразу несколько ETF. SEC рассмотрит заявки от Franklin Templeton, Bitwise, 21Shares, Canary Capital, Grayscale и WisdomTree. Но проблема в том, что SEC тянет время.
XRP is at a crucial turning point as the cryptocurrency struggles to maintain support at the $2 level. A breakdown could trigger a significant decline, while a successful defense may pave the way for a bullish recovery. Here is today’s XRP news.
