Day: August 30, 2018

New Study Provides Bullish Outlook on Bitcoin, Claiming $98,000 Possible

TradingBTC

According to new research conducted by Initial Coin Offering (ICO) advisory firm Satis Group, the Bitcoin (BTC) price could potentially reach $98,000 in the next five years. The report written by Sherwin Dowlat and Michael Hodapp represents the fourth part of a five-part series covering the crypto space. The report states that, in terms of upward tendencies in cryptocurrencies over the next five years, BTC will reach reach $96,000, Monero (XMR) will reach $18,000, and Decred (DCR) will hit $535. Bitcoin Cash (BCH) is forecasted to slump to $268, after…

CBOE to Launch Ethereum Futures Trading Later This Year

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CBOE Global Markets, the owner of the Chicago Board Options Exchange (CBOE) and one of the world’s largest exchange holding companies, is looking to launch futures for Ethereum (ETH), Business Insider reported August 30. Sources familiar with the situation told Business Insider that CBOE Global Markets is planning to launch ETH futures by the end of 2018. CBOE will reportedly base its ETH futures on Gemini’s underlying market; the operator also based its Bitcoin (BTC) futures on the New York-based crypto exchange run by the Winklevoss twins. The CBOE launched…

Cardano (ADA) Technical Analysis

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Technically, the altcoins market—including that of Cardano (ADA) is on a recovery path. We can see this panning out in the charts and despite sell attempts in the daily chart, still ADA is up a market boosting 10 percent in the last week. On the fundamental front, ADA should benefit from the extra liquidity following Bittrex’s move to open up USD market for individuals and approved corporate accounts. From the News As the market bottom out, several events stand out in the Cardano markets. In the past 24 hours, these…

Despite Desktop Appearance, Yahoo Crypto Trading Is Currently Available Only on iOS App

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Following a rollout of buy and sell options for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC)  yesterday, Yahoo clarified in an email to Cointelegraph that, at the moment, its new service will only be available on its iOS app. Yesterday, Cointelegraph reported that Yahoo Finance integrated a trading option for BTC, ETH, and LTC on its platform when buy/sell buttons appeared on their website. When the buy/sell buttons were absent from the webpage today, Yahoo Finance PR representative Caitlin O’Neill explained: “[Y]esterday’s launch was for the iOS app only —…

Japan’s National Police Agency to Employ New Software to Track Crypto Transactions

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In response to a reported increase in the illicit use of cryptocurrencies, Japan’s National Police Agency (NPA) plans to introduce new software which can track cryptocurrency transaction history, Japan’s national public broadcasting organization NHK reported August 30. In 2019, the National Police Agency will reportedly put special software into service to track the history of virtual currency transactions within the country. The move comes as part of an effort to fight the increased level of cryptocurrency misuse and thefts. In order to cover the expense of the new software, the…

Mass Adoption of Crypto Far From Being Achieved, Best Chance in Turkey

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Based on a survey conducted by Statistca on 15,000 individuals, Turkey has the highest percentage of population that has invested in the crypto market. According to the data released by Statistica shown below, 18 percent of the country’s investors have purchased cryptocurrencies like Bitcoin and Ethereum in the past few years. Motive of Residents in Turkey to Invest in Crypto Earlier this month, the US government imposed additional sanctions on the Turkish economy, excluding the region from the global banking system operated by SWIFT in Belgium. Consequently, the lira, the…

EOS, Litecoin, IOTA, Stellar Lumens, Tron Price Analysis–

TradingBTC

Even in the face of bullish expectations, altcoins bull momentum is fading out and the market is down roughly five percent from recent highs. Like their rapid gains, IOTA and Tron are leading the charge losing eight percent in the last 24 hours while others as Litecoin is likely to retest main support at $50. In any case, today will most likely determine the next course of action as laid out. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View After periods of…

Research Firm Satis Group Predicts Bitcoin at $144,000 in 10 Years, Bitcoin Cash at $180

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Research firm Satis Group has released a new report making bold price predictions about the current leading cryptocurrencies on the market. It is attempting to create accurate valuations based on real-world data. Individual Crypto Asset Valuations As an emerging, disruptive technology that’s value isn’t yet fully understood or demonstrated, it’s increasingly difficult to give each individual crypto asset a valuation. This creates wild price volatility led by speculators working through natural price discovery. The report, penned by researchers Sherwin Dowlat and Michael Hodapp, is a deep dive into cryptocurrency market valuations.…

Monero Headed to $18k, Ripple Price Primed for 97% Crash: Research

TradingBTC

Anonymity-centric cryptocurrency monero may be the best buy in crypto right now, and bitcoin’s not far behind. The ripple price (XRP), on the other hand, could be primed for a historic crash. Bitcoin, Monero Have Bright Futures That’s according to a new report from initial coin offering advisory and research firm Satis Group, which attempts to forecast what shape the cryptocurrency market will take over the next decade. The real winner from the analysis is monero, currently the 11th-largest cryptocurrency, which Satis predicts could be worth $18,000 within the next…

Bitcoin Loses $7K Footing Amid Market-Wide Price Correction

TradingBTC

Thursday, August 30: following the week’s brief uptick, crypto markets are today seeing widespread corrections, with the top ten coins by market cap losing between 1.5 and 5 percent on the day. All but 13 minor alts among the top 100 ranked cryptos are in the red, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,942 at press time, down1.52 percent on the day, according to Cointelegraph’s Bitcoin price index. Having broken through the much-fêted $7,000 threshold earlier this week, the top coin has…