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Grayscale To Move Billions In Bitcoin, Ripple’s XRP, Ethereum, And Litecoin To Coinbase In One Of The Largest Ever Crypto Transfers

Bitcoin and cryptocurrency asset manager Grayscale Investments is today planning to move billions of dollars worth of holdings to U.S. crypto wallet provider and trading platform Coinbase in what could be one of the largest single day transfers of bitcoin and crypto assets ever.

Grayscale, which claims to be the world’s largest bitcoin and digital currency asset manager, is today announcing Coinbase Custody will serve as custodian of the underlying assets for its products, and is expected to transfer nearly $3 billion of assets in fewer than 12 hours to Coinbase.

Coinbase Custody, which is operated as a standalone, independently-capitalized business to Coinbase, will now will oversee Grayscale’s cryptocurrency holdings, including bitcoin, bitcoin cash, ethereum, litecoin, and Ripple’s XRP, among other major tokens, as well as Grayscale’s publicly quoted cryptocurrency trusts and its Grayscale Digital Large Cap Fund, which provides exposure to bitcoin and crypto through a market cap-weighted portfolio.

“Grayscale and Coinbase have led the way in providing safe, secure, trustworthy, and regulated access to digital assets. Grayscale is an established, trusted, and valuable partner to its clients and its service providers should be the same,” said Sam McIngvale, Coinbase Custody chief executive.

“As a NY State-chartered trust company, Coinbase Custody is held to the same fiduciary standards as national banks. We also offer some of the broadest and deepest insurance coverage in the crypto industry.”

The move comes as bitcoin and cryptocurrency investors nervously look for signs of how global regulators will react to Facebook’s plans to launch its own cryptocurrency sometime next year, dubbed libra.

Expectations that some of Silicon Valley’s biggest companies, including iPhone-maker Apple and micro-blogging platform Twitter, are increasingly looking to bitcoin and cryptocurrencies as a potential source of revenue has been largely responsible for the rise in the bitcoin price so far this year.

Earlier this month, the New York-based Grayscale reported assets under management of $2.7 billion, an all-time high for the company and up three-fold on the previous quarter.

Last month, Coinbase, the largest U.S. cryptocurrency exchange and wallet service, boasted it has signed up 30 million users since launching in 2012, with eight million new users added over the last 12 months.

Meanwhile, Grayscale last week found that more than a third (36%) of U.S. investors would consider buying bitcoin, representing a potential market of more than 21 million investors.

“Since its introduction in 2009, bitcoin has steadily grown in popularity and today has expanded its reach to a broad mainstream audience,” Grayscale reported.

“Investors are constantly looking for new ways to diversify their portfolios as traditional assets and markets have begun to move more closely in sync with one another.”

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I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com. Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

Source: Grayscale To Move Billions In Bitcoin, Ripple’s XRP, Ethereum, And Litecoin To Coinbase In One Of The Largest Ever Crypto Transfers

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Crypto Analyst Warns 2019 Bitcoin Rally Set to ‘Blow Off’ – Plus Ethereum, Ripple and XRP, Litecoin, Stellar, Tron | The Daily Hodl

From a warning about Bitcoin’s 2019 rally to new support for Stellar Lumens, here’s a look at some of the stories breaking in the world of crypto.

Bitcoin

A prominent crypto analyst warns the 2019 Bitcoin rally is an “exchange driven pump” that’s due for a significant pullback. According to Willy Woo, Bitcoin’s Network Value to Transactions (NVT) ratio is now way out of whack.

“Presently the market price of BTC has outstripped organic investor flow unseen since the bull market mania phases of 2013 and 2017. Never before have we seen such a divergence so early in the bull market.”

The NVT ratio measures the utility value of Bitcoin according to the number of transactions on the network relative to the price. Because on-chain investor volumes are in the normal range, Woo says the only explanation is “a quant fund driven short squeeze devoid of any true investor volume.”

Whales can short squeeze a majority-short market by buying it up until the shorts are liquidated, forcing a torrent of buys that inflate the price, Woo explains.

“If you have sufficient capital. You can keep buying to liquidate the bears. It’s extremely profitable. You only stop when it’s no longer profitable. At the $8k-9k mark the market switched from short to majority long. This put a cap on the profitability of short squeezing.

“I’m awaiting this exchange driven pump to blow off, a proper retrace, and only then do I think real investor flows will come in and drive the true organic bull market.”

Ethereum

Ernst & Young’s global blockchain leader, Paul Brody, says blockchain is poised to trigger a fundamental transformation of how enterprises do business.

The accounting and consulting giant EY is building on Ethereum, and Brody says use cases for audits and supply chain management are some early examples of prime use cases for the technology.

“What I hope you’ll take away from this today is that blockchain is maturing. We have real products, real customers, real use cases, real value creation, stuff that’s in operations, and we also have a road map for where things can and should go in the future and how this can have an ever-bigger impact…

Blockchains we think are going to be the future way in which companies model and manage their business processes and, in particular, we can basically model any process between two enterprises or two agencies or two governments as a combination of tokens to represent assets and items of value and contract.”  

Ripple and XRP

A presentation from Ripple’s chief technology officer David Schwartz is now online. At the We Are Developers in Berlin, Schwartz talks about the future of blockchain beyond the hype.

Litecoin

The Litecoin Foundation’s unique methods for raising funds to support the LTC ecosystem continue.

The Foundation has started to ship custom Litecoin cufflinks and tie bars, with a signed certificate of authenticity from LTC creator Charlie Lee.

Stellar

Crypto.com has added Stellar Lumens (XLM) to its Wallet & Card app.

Users of the app can now purchase XLM at true cost with no fees, with both credit cards and bank transfers supported. People can also use XLM with Crypto.com’s MCO Visa Card, making it easier to convert Stellar’s token into fiat for purchases from everyday merchants.

Tron

Tron’s latest report on the network’s decentralized app ecosystem is out.

According to the report, four new gaming DApps launched on the network this week, along with a decentralized exchange called SunDex.

Source: Crypto Analyst Warns 2019 Bitcoin Rally Set to ‘Blow Off’ – Plus Ethereum, Ripple and XRP, Litecoin, Stellar, Tron | The Daily Hodl

PeruCoin The ICO That Change The Peru Country Crypto Services Via Bits2u & Make Brilliant Crypto Investments

Perucoin is a project initiated by the company Bits2u, which aims to expand knowledge about cryptocurrencies in Peru. Concrete Objective Bitcoins will be mined in the mining farm and with 30% of the collected revenue will be used to purchase the PeruCoin that are available in the market every month.

Encourage the public to invest in cryptocurrencies. Create one of the most big mining farms in Peru Teach based on guided visits to the mining farm how the mining machines work. PeruCoin’s main objective in the short term is to complete the first phase of our Roadmap which includes the purchasing and acquisition of the factory which will later be converted into a mining farm.

In addition, we aim to enhance and foster the widespread adoption of cryptocurrencies among the Peruvians. Through the Mining farm, we also aim to become the state-of-the-art generation crypto-mining platform leveraging the potentials ofBlockchain technology.

Partnerships with other platforms that accept PeruCoin as a means of payment, such as Opolo, Lkcoin, Converse with physical businesses to accept PeruCoin or Bitcoins.

We intend to bring great financial returns for our investors, PERU token holders, and participating merchants while also delivering amazing value propositions to the Peruvians community.

PeruCoin’s vision is to promote the knowledge about cryptocurrencies to the Peruvian population through guided visits to a factory where they can appreciate the technicalities and operations of the mining machines in action and through conferences.

We plan to achieve this by educating and increasing the awareness of the general Peruvian population on the benefits and safety of blockchain technology and adopting digital currencies. Ideally, we envisage driving the development of a new financial ecosystem in Peru grounded in the interactions between educating the populace and interactions of blockchain technology and assets management

PeruCoin’s vision is to promote the knowledge about cryptocurrencies to the Peruvian population through guided visits to a factory where they can appreciate the technicalities and operations of the mining machines in action and through conferences.

We plan to achieve this by educating and increasing the awareness ofthe general Peruvian population on the benefits and safety of blockchain technology and adopting digital currencies. Ideally, we envisage driving the development of a new financial ecosystem in Peru grounded in the interactions between educating the populace and interactions of blockchain technologyand assets management.

Want to join our community and invest for your future?? We are pleasure to meet your needs respectfully

 

Bits2u

 

Source: Bits2u | Free Bitcoins Every day

ICE, the Parent Company of Bakkt, Announces 58 Crypto They Look to List

The Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) and upcoming digital asset platform, Bakkt has released a list of crypto projects they are looking to list and track on a Twitter post. Per the tweet, ICE’s Data Services will be researching and tracking a total of 58 cryptocurrency projects as well as 19 fiat currencies. These projects are compiled in their ‘Cryptocurrency Data Feed’, which will provide the research team with both historical and real-time price data of the cryptocurrencies from all over the world. There are over 2000 cryptocurrency projects in the space and ICE has selected just 2.75% of the total number of cryptos to research and track. The entire list of 58 cryptocurrencies can be found in the Twitter thread seen above and the real-time analysis of these cryptos will be available on the data feeds official website………

Source: ICE, the Parent Company of Bakkt, Announces 58 Crypto They Look to List

Finablr’s UAE Exchange and Unimoni Go Live on Ripple Net for Cross-Border Remittances

Ripple, the global blockchain-based cross-border remittance company, has been continuously making new partnerships in their effort to establish themselves as a leader in the global financial markets.To date, Ripple has already secured at least 200 partnerships with banks and financial firms around the world, and they are now beginning to see these partnerships come to fruition…………….

Source: Finablr’s UAE Exchange and Unimoni Go Live on Ripple Net for Cross-Border Remittances

Pay98 – Digital Payment Services Corporation

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We are the most trusted name in the digital currency space with the largest platform , boasting users in monthly transaction volume. We are the market leading brand with millions of people trusting us to operate on the highest standards in managing their assets securely. Our focus has always been on providing the most up to date and accurate information available. Today, we’re excited to introduce supported cryptocurrencies on our site.

We share the passion to code, create, and connect people to the future of finance. Together, we work hard, brainstorm nonstop, and brew endless coffee. We’re dedicated to leading research and thought leadership that helps us and others better understand how blockchain can impact the broader world. Join here…….

Firm that helps people buy luxury goods with crypto records $250M transactions

A company that offers the service of converting crypto to fiat in the form of luxury goods is reported to record a staggering amount of transactions. Elizabeth White, the founder and CEO of The White Company that offers the service admitted in an interview that her company records $250 million worth of transactions during the ongoing bear market. She said that the fear of “a crypto doom” has led many crypto owners, most of which are millionaires even billionaires to turn to her company’s one-of-a-kind services, as reported by BTC Wires…………..

Source: Firm that helps people buy luxury goods with crypto records $250M transactions

Bitcoin Cash Price Analysis January 22: Above most of market, retesting $130?

https://www.pivot.one/share/post/5c499c781d57e76b56d07ab1?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Zilliqa shares final updates before mainnet launch end of the month

https://www.pivot.one/share/post/5c499e4dad59e7470dee9eb9?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Binance Launches Billion Dollar Bet on Bitcoin and Crypto, XRP Whale Surfaces, and Alleged IOTA Scammer Arrested

– Crypto Update https://www.pivot.one/share/post/5c499dd31d57e76b64b94075?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

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