Advertisements

Bitcoin Market Falls Sharply As Litecoin Suddenly Crashes

Bitcoin and cryptocurrency market watchers were on high alert today as the eagerly-anticipated Bakkt crypto platform went live.

The bitcoin price failed to perform, however, with bitcoin losing around 2% of its value since Bakkt began trading its “physically” settled bitcoin futures contracts, with some $8 billion wiped from the wider cryptocurrency market today.

Meanwhile, litecoin, the fifth largest cryptocurrency by market value, has suddenly gone into free fall, losing almost 10% of its value in a matter of minutes.

The reason for litecoin’s sudden sell-off was not immediately clear, however litecoin is down some 50% since June, thought to be a response to the gains litecoin made earlier in the year as traders cashed out of their positions.

Today In: Money

Litecoin, which has been called the silver to bitcoin’s gold, surged in the first half of 2019 as traders bet an August so-called halvening of the cryptocurrency, where miner rewards for finding blocks are cut, putting a squeeze on supply, would spark a crypto bull market.

Bitcoin is itself due to undergo a halvening event in May next year and many have suggested this will be the catalyst for the next major bitcoin leap higher.

However, many had also expected bitcoin and the broader cryptocurrency market to get a boost when the Bakkt platform began operating today.

Bakkt, an Intercontinental Exchange-backed bitcoin and crypto platform, was unveiled last year and boasted computing giant Microsoft and coffee chain Starbucks among its partners–promising to open up bitcoin to institutional investors and bring crypto spending to the high street.

Trading of Bakkt’s hyped “physical” bitcoin futures, meaning that traders and investors are not able to sell more bitcoin than they actually have, have been muted today, however.

There were just five bitcoin futures contracts traded via the platform after the first hour, rising to 28 ten hours after launch.

Traders and bitcoin industry executives were quick to play down Bakkt’s slow start.

“Bakkt will be likely first a trickle and then a flood,” Su Zhu, chief executive of Singapore-based hedge fund Three Arrows Capital, said via Twitter.

“The reality is that most regulated futures contracts get low adoption on day one simply because not all futures brokers are ready to clear it, many people want to wait and see, the tickers are not even populated on risk systems.”

Follow me on Twitter.

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: Bitcoin Market Falls Sharply As Litecoin Suddenly Crashes

4.96K subscribers

The cryptocurrency market has fallen sharply over the past couple of days and is currently at $241 billion market capitalization at the time of recording. While the Bithumb hacking and Japanese regulators’ strict outlook towards cryptocurrency exchanges are being cited as reasons for the sharp decline, the likely cause is that we are still stuck in a long-term bearish cycle. We have still not discovered the bottom of the market, and chances are that the market will continue to be in a state of decline for some time. EOS has taken the biggest hit after a stop-start mainnet launch and controversies surround centralization and constitution. We strongly recommend cryptocurrency investors to take a mid-to-long term approach towards investing and hodl strongly. We believe that mainstream adoption and regulation will brining institutional investors and the next set of retail investors to the market driving prices up in the ling run. References: Correction Deepens as Coin Values Approach 2018 Lows: https://hacked.com/cryptocurrency-mar… Cryptocurrency Market Drops to $241 Billion, EOS Takes a Huge Beating: https://www.ccn.com/cryptocurrency-ma… Bitcoin Price Hits 2018-Low at $5,825, Where Will it Bottom Out?: https://www.ccn.com/bitcoin-price-hit… Follow Crypto Dost on Twitter: https://twitter.com/TheCryptoDost For enquiries, write to thecryptodost@gmail.com Disclaimer: Please keep in mind that I have made this channel to share my experiences in the cryptocurrency market. I am not a professional financial advisor and the information provided is solely for educational purposes. Consult your own financial advisors and do your own research before investing in cryptocurrencies. Investing in cryptocurrencies is inherently risky and you can also lose all the amount you invested. Only invest the amount you can afford to lose. The channel shall not be liable to the viewer for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the viewer from or in connection with the information obtained on this channel.

 

Advertisements

How Paxful Places The Best Bitcoin Buying & Selling System Platform In the Crypto World

1.png

On Paxful you buy bitcoin from other people in real-time. Trading happens online via live chat. Paxful Vendors can earn six figures from the comfort of their home and many do. Once payment is made and verified by the seller, the bitcoin will be released to your wallet. We’ve built a feedback and reputation system on the advice of the very best traders in the space. Use the simplest bitcoin wallet on earth. You can’t make a mistake and know exactly where to go next.

More than 300 payment options

Your customers can pay using any payment option our vendors accept. Our vendors convert customer payments to bitcoin which your bitcoin payment processor converts to cash to your bank account. Payment options are divided into 4 main groups

A simple button that makes it super easy for your users to pay with bitcoin, perfect for sites already accepting bitcoin. It saves them the trouble of copying and pasting bitcoin addresses and amounts and takes payment straight from their Paxful wallet making it easier for you to get paid! See the video below to see how it works..

Easy for newbies

Want mainstream users? Better make it easy! Our system is battle tested with the 2nd biggest classifieds ads site on the internet.

Mobile friendly

PAY WITH PAXFUL eliminates copying and pasting. You’d surprised how many can’t copy and paste long bitcoin addresses or decimals, especially on mobile.

Instant bitcoin

Other ways to buy bitcoin take 4-6 days. With Paxful it’s instant, which means more business for you.

3.jpg

Cut support in half

Doing 24/7 phone support for newbies taught us that sending bitcoin is even harder than buying it for most people. We fix that.

Earn on each sale

If your users need an easy way to buy bitcoins they can buy right off the button. You are getting 10x more than the current best affiliate program.

Simple integration

Just paste a single line of html and you’re up and running. Advanced merchants can also do secure integration.

Gift cards

Amazon, OneVanilla, Target, Walmart and other major brands.

Cash

Western Union, Moneygram, Bank of America and cash deposits to other banks.

Online wallets

Paypal, Skrill, Neteller, Serve to Serve transfer and other major online wallets.

Debit/credit cards

Any debit/credit cards are used by our vendors own payment processors.Your buyers have the option of paying anyway they can without the risk of a bank card. Win!Paxful vendors convert all forms of payment to bitcoin. They charge a margin for this service and also provide live chat support. Win! You, the merchant can now accept every form of payment on earth and get paid with zero chargeback risk. Win!

Paxful is primarily an online bitcoin marketplace, but it offers businesses the option of adding a “Pay with Paxful” button to their e-shops. With this option, customers from all around the world can make purchases using the bitcoin in their e-wallets, rather than exchanging currency through a more traditional option.

You can become a Paxful Partner by adding a Virtual Bitcoin Kiosk to your blog, website, app or social media page. As a Paxful Partner, you can earn 2% of your sale through your Virtual Bitcoin Kiosk.

Source: https://paxful.com

 

 

This Week in Cryptos: Binance to Support Dogecoin while Cuba Looks towards Cryptos

https://www.pivot.one/share/post/5d22c450595ce748ab44b02e?uid=5bd49f297d5fe7538e6111b6&invite_code=JTOJYV

Bither Platform The User Friendly Bitherium Faucet With All Blockchain Features

The architecture of Bither is designed to minimize the computational resources required for safeguarding the network, by doing so, a portion of the computing power, by the miners’ choice and in a democratic way can be driven towards scientific projects that are in need of computing power to process big data.

In this way, Bither provides PoW consensus mechanism with a more efficient framework. One of the Bither’s features is the merged mining, this is a powerful incentive to draw more miners to Bither’s network. Miners would be able to mine all customized tokens located on the second layer, not just the main coin (BTR).

Bither Platform benefits from a more efficient, flexible, modular-based and user-friendly set of features that even currently-existing blockchains with a second layer solution do not. As an example, in Bither, users can add a third layer to their network located in the second layer. Such a feature makes them able to define multiple tokens and make their project better structured.

To conclude, the Bither platform while providing all the features of current blockchains such as protecting the network with PoW, tokenization and smart contracts, it aims to push blockchain technology one step further in order to have a place in a green and eco-friendly future and to be a great help for science to afford to process big data. Besides these, Bither has brought many innovations to make its platform more efficient and user-friendly.

Source: https://panel.bither.one

The Crosscurrent Movement of Central Banks towards Stable Coins

According to Stablecoinindex, The Total Market Cap of the current renowned stable coins are up to USD9.32bn, with this number not even including all of the fiat-collateralized stable coins such as USDC, X8X, etc. Since the end of 2018, various firms are turning their focus to stable coins, voicing their opinions towards central banks who have remained pretty pessimistic towards their introduction. The Central Bank of Korea: “Stable Coin for Korea? Still Premature!”The Central Bank of Korea recently published a report “Central Bank Digital Currency and Financial Stability”published on Feb 7th, making a very specific announcement that the issuance of the Central Bank Digital Currency (CBDC) is too much “premature”, and currently they will only be focusing on R&D………..

Source: The Crosscurrent Movement of Central Banks towards Stable Coins

Nasdaq’s Bitcoin Index is a Bigger Deal Than Investors Think: It Could Lead to Much Bigger Things

According to cryptocurrency analyst Alex Ziupsnys, the introduction of the crypto indices of Nasdaq could lead to the approval of a wide range of investment vehicles in the long-term.The analyst  said: “NASDAQ to add a bitcoin index on its platform. They are reading the writing on the wall and don’t want to get left behind. There is no stopping this. Adoption happens gradually right in front of you, until you finally pause, look around, and bitcoin is the dominant asset…….

Source: Nasdaq’s Bitcoin Index is a Bigger Deal Than Investors Think: It Could Lead to Much Bigger Things

Elon Musk: Bitcoin is ‘Brilliant, Far Better’ than Paper Money; Tesla Isn’t Jumping in Just Yet

Tesla and SpaceX CEO Elon Musk believes cryptocurrency is a far better medium of transferring value than paper money, specifically lauding bitcoin for its ‘brilliant’ structure. Nearly everywhere Elon Mask goes, people want to talk about Tesla. On Tuesday, however, the media magnet went along with a change in focus by discussing his views about cryptocurrencies. His opinions come within months of a Bitcoin-related tweet that landed him in hot water with the social media platform. He ended up getting his account suspended by Twitter.

Source: Elon Musk: Bitcoin is ‘Brilliant, Far Better’ than Paper Money; Tesla Isn’t Jumping in Just Yet

SEC Commissioner Hester Peirce Offers Some Hope on Bitcoin ETF Approval

United States Securities and Exchange Commissioner Hester Peirce, popularly known in the crypto community as “CryptoMom,” has offered hopeful remarks on the prospects of a Bitcoin ETF. Pierce made her latest statement on the ETF at a speech at the University of Missouri School of Law. Her remarks follow that of fellow commissioner Robert Jackson Jr., who said in an interview with Roll Call that a Bitcoin ETF would happen “eventually…………..

Source: SEC Commissioner Hester Peirce Offers Some Hope on Bitcoin ETF Approval

%d bloggers like this:
Skip to toolbar