Ethereum Will Surpass Bitcoin in Terms of Market Cap in 2020s, Influential ICO Expert, Ian Balina – NewsLogical
As more businesses are launching on the blockchain, Ian Balina, an influential blockchain and ICO investor, has predicted that Ethereum will surpass Bitcoin in terms of market cap in 2020.
It’s safe to say that Bitcoin, as well as the entire cryptocurrency market, were in for one wild ride in 2019. This is true in terms of price, but also for new developments, exciting events, important community positions, and so forth.
2019 was a year full of surprises and expectations for blockchain and crypto projects. New partnerships have been established, new cryptocurrency products launched, and Bitcoin and Ethereum managed to make it out alive of the bear market, as well as many blockchain developments were made.
The Chinese state has chosen to embrace blockchain while trying to limit cryptocurrencies as much as possible, with state regulators seeking to make sure the average Chinese citizen has no access to cryptocurrencies. This has led to a strange world where the Chinese state censored posts against blockchain while the Chinese central bank voiced its will to “clamp down on cryptocurrency trading.”
The reign of blockchain is expanding. From Microsoft to Walmart, all the big organizations are trying their hands on blockchain technology. Now joining this long list is KPMG, one of the big four firms, that has recently launched a blockchain-based supply chain tool.
Having maintained its value above $0.25 for most of 2019, XRP’s dip below the mark gave birth to alarm bells throughout the community, a community that had already been in a frenzy before the ~17.5% drop to $0.178 in mid-December.
The crypto industry, Bitcoin, blockchain, and any of its varieties is driven primarily by hype and speculation as the emerging technologies underlying each asset are often too new or unproven to yet provide a realistic valuation. Due to this, the constant ebb and flow of FUD and FOMO often dictate market movements and turn major losers into top market gainers almost overnight.
On Monday, Electron Cash developer Jonald Fyookball updated the Bitcoin Cash (BCH) community in regards to the Cashfusion protocol. Fyookball revealed that Tor integration is currently in the works. The Tor-integrated Cashfusion build is “the big piece” the development team needs to get from alpha to beta stage, Fyookball detailed.
As 2019 finally comes to an end, we close out not just a single year, but a rather wild decade. Starting tomorrow, the 2020s will come roaring in, ready to spread joy throughout the land of bitcoin and its altcoin counterparts.
Kevin Washington, minority owner of CryptoWatt in Butte, filed papers Tuesday seeking an “emergency” hearing on his request for a receivership for the idled Bitcoin-mining facility. The case has been assigned to District Judge Kurt Krueger but no hearing date had been set Tuesday afternoon.
Bitcoin’s price rebounded sharply in 2019, but by other measures it was a less bullish year. The price of bitcoin has nearly doubled since Dec. 31, 2018, rising to $7,155 from about $3,690. However, it is down almost 50% from its 2019 high of $13,879 on June 26.
Litecoin (LTC) has been moving lower in the past six months, in line with the rest of the cryptocurrency market. It is currently ranked the sixth-largest digital asset with a market capitalization of $2.8 billion. Certain technical indicators point out that Litecoin is preparing for a huge move in the coming weeks, however, the outlook for this altcoin is quite grim.
Price fluctuations may be an indicator of investor sentiment. Hashrate, though, is often seen as the better market number to watch in order to truly evaluate Bitcoin adoption, and recent hashrate statistics indicate that adoption continues to grow. By all accounts, Bitcoin has had quite a tumultuous year.
It is no surprise that Bitcoin (BTC) miners compete with each other to get a single Bitcoin in circulation and that they also require the help of supercomputers to work out the complex math problems that unlock a new BTC. This computing power consumes extortionate amounts of electricity, and the
Third party services may advertise Spread bets and CFDs on Cryptovest, which are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when spread betting or trading CFDs.
For the longest time, critics of Bitcoin have questioned if the cryptocurrency is a Ponzi-like/pyramid scheme. Wikipedia defines a “Ponzi scheme”: A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
Last week, Paraguay’s anti-money laundering (AML) chief, the Secretary for Preventing Money and Property Laundering (SEPRELAD), announced a nationwide crypto survey. All Virtual Asset Service Providers (PSAV) in Paraguay were ordered to open their books to the government for the first time. The information was due on December 20.
Recently, on the ‘What Bitcoin Did’ podcast, host Peter McCormack spoke to the founder of Lightning Network wallet, Zap wallet. Jack Mallers, who spent the last four months performing extensive user research with regard to the Lightning Network, spoke about its actual value, what it can accomplish, as well as its institutional use-cases.
Last Day Of The Decade To Get $25 In Bitcoin From Voyager Crypto Exchange; The App With Many Surprises
As we kick off the new decade and the second quarter of the 21st century, we look back at 2019 and the years before. Bitcoin was born a decade ago and stands to be a staple of the rest of the 21st century as rooting is established within the financial system and adoption continues to grow year over year.
Ripple is receiving a barrage of criticism for its sales of XRP as 2019 comes to a close. Early Bitcoin core developer Peter Todd is comparing XRP to ICO coins, saying the asset “gives you no real rights to anything.”
The Ripple has been popular among the banking community as its edge to transact overseas payments swiftly and efficiently is perceived as a competitive advantage, however, the banks have the current SWIFT mechanism (Society of Worldwide InterBank Financial Telecommunications) in place that seems unlikely to lose their importance in the industry so easily.
South Korea’s tax agency NTS to withhold $69M from crypto exchange Bithumb’s foreign clients – TokenPost
South Korea’s tax agency NTS to withhold $69M from crypto exchange Bithumb’s foreign clients South Korea’s National Tax Service (NTS) has announced that it will withhold tax from cryptocurrency exchange Bithumb’s foreign customers, Korea JoongAng Daily reported. This marks the first instance of the government imposing a tax on crypto transactions.
Fast-growing blockchain-powered payment platform Ripple has announced it will expand into a key South American market – and follow up the move in future with other South American economies too. Read more about the international payments market with our money transfers news.
Last Updated on Ripple Labs, the blockchain company behind the XRP digital asset, had a pretty solid 2019 by all standards. The company now owns 10 percent of global payment processor MoneyGram, and its recent funding round saw it achieve unicorn status.
High-Profile Crypto Interview: Bitcoin Supporter and SEC Commissioner Hester Peirce Ends Year With Most Popular ICE Podcast
The New York Stock Exchange just announced to its 1.6 million followers on Twitter that the most popular episode from its parent company’s podcast was about Bitcoin.
2019 has been a turbulent year for Bitcoin Cash. After some controversy related to two development camps, a hard fork, two competing chains, and more, the blockchain is now facing the problems of stealth miners. In Bitcoin Cash network is now populated with stealth miners who control over 68% of its hashrate.
Bitcoin has had its fair share of highs and lows this year and December was no different. During a time when investors and holders were having fraught thoughts over the condition of the world’s largest cryptocurrency, Bitcoin’s value continued to float in the $7000- $8000 region.
Last Updated on ETH Price Prediction – December 31 The price of Ethereum (ETH) is approaching a crucial support level, similar to Bitcoin. The Ethereum price must hold the $125 support to climb towards $140.
Could bitcoin soon touch $8,000? Although it’s hard to say what could happen in the near future, I think it’s likely bitcoin (or BTC) will rise in the long term. Famous investor Tim Draper made a similar long-term bitcoin price prediction. His bold prediction has been the center of discussion among many crypto communities.
To throw the first stone who never gave a high kick and missed, but missed badly. Remember Bitcoin’s $ 100,000 forecast at the end of 2018? Wrong “only” by 96.3%. Life goes on, let’s see what these guys have been guessing for 2019.
This post is also available in: Español (Spanish) Contxto – Brazil is bringing in some innovative changes to its customs operations in 2020. The country’s IRS, known as the Receita Federal, announced a series of details regarding the launch of a blockchain project.
FRISCO, Texas, Dec. 31, 2019 /PRNewswire-PRWeb/ — In today’s crowded marketplace of eCommerce providers, exceeding customer’s expectations are crucial. The usual “nice to have” features have now become “must haves” and that is what eComchain has striven to provide to their customers in 2019; a complete out-of-the-box solution with no additional development required.
Traditionally, the visa application process usually is tedious, slow, and not entirely secure. To address these problems, the government of Thailand is adopting an innovative approach and turning to blockchain technology. In a recent announcement, Thailand unveiled its plans to enhance its Electronic Visa On Arrival (eVOA) system by creating a Thailand E-visa blockchain system.
Virgil Griffith, a 36-year-old Ethereum researcher who was arrested at Los Angeles International Airport and taken into police custody on Thanksgiving Day for allegedly advising North Korea about how to circumvent US-led political and economic sanctions, was released from jail on a $1 million bond.
With only a few hours left to the start of 2020, a recent market report from Santiment, a platform for accessing cryptocurrency data and insight, revealed that Saturdays proved to be the best days for Bitcoin in 2019 with Fridays being the worst.
Singaporean police were able to prevent a man from becoming a victim of a cryptocurrency-related love scam
Analyzing the technical picture of Bitcoin at the beginning of 2020.
You probably already know that Nouriel “Dr Doom” Roubini is no fan of Bitcoin. The professor and economist has frequently sounded off against the crypto asset space in recent years. What you might not know is that Roubini also has something of a musical side.
In terms of price, 2018 represents Bitcoin’s worst year on record. Bitcoin’s correction from nearly $20,000 to just above $3,000 by the end of the year dominated headlines. From January 6 to February 6, the price of Bitcoin fell about 65 percent. This action continued all year.
Bitcoin Cash has a bullish short-term and bearish medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern is forming The daily time frame shows that the cryptocurrency may start to target the $280 level Bitcoin Cash is showing bullish bias as the fifth-largest cryptocurrency continues to firm above the technically important $200 level.
To add to the never ending list of things that millenials have supposedly ruined (we see you, boomers) an investment management firm, reported that millenials invested more in Bitcoin (BTC) than they did in Disney or Netflix in Q3 of 2019. Forget Netflix and chill, millennials are Netflix and Hodling.
Tom Shaughnessy and Jordan Clifford on Layer 1 Wars, Token Economics and a Shift to Applications – CoinDesk
Tom Shaughnessy is a co-founder of Delphi Digital as well as the host of the Chain Reaction podcast. Jordan Clifford is managing director of Scalar Capital. In this end of year interview for The Breakdown, Tom argues that the big story of 2019 was actually the fact that it was all about “quiet” building.
Breaking News / Blockchain We’ve seen bitcoin hit $20k and we’ve seen slump to lows of last December For blockchain though, there is a hope that over time, entire industries will be using the same blockchain to help firms connected as well as business transactions.
The US House of Representatives recently introduced a draft bill to define digital assets. The Cryptocurrency Act of 2020 could lead to a new revolution in crypto trading and regulations. Another breakthrough for the crypto world was the launch of a regulated exchange for Bitcoin futures.
Disney, Alphabet and cryptocurrencies are popular stock picks for the next 10 years, according a dozen strategists surveyed by Reuters. Yahoo Finance’s Zack Guzman, Julia LaRoche and Clearnomics Founder & CEO James Liu discuss these stocks, and more, on YFi PM.
Making cryptocurrency payments convenient and accessible remains crucial. A more competitors emerge, that process will go smoother over time. ElectraPay is the latest entrant to join this space. In the , it is mentioned how this crypto payment service will go into operation in January of 2020.
During an interview in November 2018, self-proclaimed Bitcoin creator Craig Wright promised that Bitcoin will succumb to a fatal flaw in its code by the end of 2019. His exact words were that “there won’t be any BTC at the end of next year.”
The downtrend that was sparked by Bitcoin’s recent rejection at $7,500 has continued to hold strong, as the cryptocurrency is now moving down to its key support level at $7,000, and it remains unclear as to whether or not this long-established support level will continue to hold strong.
Kolkata: Chief Minister Mamata Banerjee exchanged pleasantries with Governor Jagdeep Dhankhar and sent him a bouquet and cake as a token of goodwill. Trinamool Congress Secretary General Partha Chatterjee met the Governor on Tuesday afternoon and handed over the bouquet and cake to him.
“Fake News” appears to be an unavoidable plague of the rapid connectivity digital age. Take any issue of wide-spread concern and you will find a variety of opinions: Gun Control Climate Change Economic Policy Legalization of Cannabis The list goes on and on.
The BANKEX team has launched a new token exchange engine that’s built into the hugely popular Telegram messenger. TEX – Telegram Token Exchange technology platform The Exchange displays and matches all trading orders for trades made with the MainWallet ecosystem. The operating principle of TEX exchange is very simple and can be used with any modern messenger.
With over 4,000 digital assets in circulation and many of them confined to their own ecosystems, a lack of liquidity and interoperability plagues many tokens. Blockchain ecosystem diversity is harming the industry – locking value inside illiquid tokens and dampening the sector’s growth trajectory.
YouTube, the video-sharing website owned by Google ( GOOGL)( GOOG), has a major influence on the world of cryptocurrency. Users discuss Bitcoin (BTC) both in videos and in the comments sections of those videos. So censoring Bitcoin and cryptocurrency videos on the platform would be a devastating blow.
A French tech entrepreneur has been nabbed for allegedly stealing over 1 million euros in Bitcoin from his former colleagues in what is purported to have been an “act of revenge.”
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Mimble Wimble Implementation of Litecoin has touched upon a crucial milestone. David Burkett, the major contributor to Mimble Wimble Privacy Protocol, published the progress report for the foundation. A major portion of the released code belongs to Grin++. On a tight deadline to release the code, every line double-checked.
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Are you feeling lucky? This Bloomberg article gives the history of Bitcoin’s ups and downs in value and offers an enthusiastic view of Bitcoin’s future. We agree that Bitcoin won’t go away and will increasingly be used as a currency, primarily by the black market and investors that want to buy items with their newfound …
In the past decade, the blockchain and cryptocurrency industry has gone from being the domain of computer engineers and coders to a widely recognized field brimming with potential and promise. However, although the industry has witnessed impressive growth fueled by the success of several cryptocurrencies and the platforms that facilitate their use, it has also seen its fair share of epic failures.
2019 has been a bit of a rollercoaster ride for those in the crypto sphere, and one thing that is on the mind of many is the upcoming Ethereum fork in January.
Cryptocurrency Exchanges Market 2019 Global Analysis – Binance, Coinbase, Poloniex, LocalBitcoins, BTCC, Bittrex, Kucoin
Global Cryptocurrency Exchanges Market 2019 by Company, Regions, Type and Application, Forecast to 2024 drafted by MRInsights.biz evaluates the historical performance and the current status of this market, highlighting the dynamics of the demand and supply of Cryptocurrency Exchanges. The industrial chain supporting the market is analyzed in detail covering accurate information about aspects such as …
It’s a few hours before the end of this year, and the market, along with the price, recorded some notable moments. Bakkt finally launched in 2019, CME announced services expansion with Bitcoin option for Q1 of 2020, while the market did not get to see an E…
Pressure on XRP and the cryptocurrency market continues to be exerted by Chinese authorities. Currently, the Chinese government is trying to weaken the mining industry.
Analyst Blames Ripple for XRP’s Poor Performance in 2019 – Explains Why He Remains Bullish in the Long Run
The founder of Quantum Economics, Mati Greenspan, is outlining why he believes XRP struggled throughout 2019. XRP’s correlation with Bitcoin dropped significantly this year. At time of publishing, BTC has surged 48% since January 1st, from $3,739 to $7,303, according to CoinMarketCap. Meanwhile, XRP has dropped 44%, from $0.3520 to $0.1942.
EOS slid by 2.37% on Monday. Reversing a 2.46% rally on Sunday, EOS ended the day at $2.6324. A choppy start to the day saw EOS rise to a mid-morning intraday high $2.7248 before hitting reverse. Falling short of the first major resistance level at $2.7429, EOS tumbled to a mid-afternoon intraday low $2.607.
Eidoo, a bitcoin/crypto wallet and exchange application, has revealed today some details concerning upcoming product and service launches set to be
I have my sights set on two of the next big market trends in 2020. In fact, I believe the untapped potential for massive gains in these sectors will pay out over the next decade! It will shape the way we look at business, entertainment and the world as we know it.
Bitcoin.com has partnered with fiat-crypto payment provider Moonpay, for the provision of the option to purchase cryptocurrencies with credit and debit cards on the Bitcoin.com exchange platform.
Share to facebook Share to twitter Share to linkedin One month ago, I showed how Bitcoin had been trading in a channel pattern as it lost nearly half its value since hitting a high of approximately $14,000 in June. Since then, the cryptocurrency has traded aimlessly as holiday trading volumes remained light.
Bitcoin Magazine is the world’s first and foundational digital currency publication, covering the innovative ideas, breaking news and global impact at the cutting-edge intersection of finance, technology and Bitcoin. Published by BTC Media, the online publication serves a daily international readership from its headquarters in Nashville, Tennessee.
Last Updated on LTC Price Prediction – December 30 As LTC/USD recovered above the 21-day moving average, a sustainable movement above the $45 resistance level is needed to stimulate recovery. LTC/USD Market Key Levels: Resistance levels: $48, $50, $52 Support levels: $36, $34, $32 LTC/USD is currently trading at the support provided by the 9-day and 21-day moving averages.
Litecoin has had a stable upward rise till June, but the bears brought a change in its price movements which got pushed below the baseline thereafter. With the crypto market showing ongoing bearish volatility, LTC might be able to get back to its winning momentum in the days to come.
LTC shows an Intraday Bullish Move LTC price analysis – LTC/USD Litecoin News Today – LTC, the sixth-largest digital asset with the current market cap of $2.8 billion has gained 1.3% in the space of 24 hours. LTC is trading in line with the rest of the market, which means that the coin is at …
Bitcoin had one of its strongest years yet in terms of on-chain activity and usage, with several network metrics demonstrating all-time high activity.
Ripple’s XRP token had a dismal 2019, losing half its value in USD and two-thirds of its value against Bitcoin, but will 2020 finally break the downtrend?
Venezuela: With Currency Destroyed by Inflation, Servers Stand Up to 7 am in Line Petro Cryptocurrency – OBN
After the Venezuelan government distributed a Christmas bonus on the Petro national cryptocurrency to retirees, pensioners, and civil servants, they went shopping but faced up to 7 am in supermarkets. The problem is the lack of trades that accept the means of payment.
After Youtube recently started taking down cryptocurrency videos, the cryptocurrency community is left to wonder about Google and its views on cryptocurrencies once more. Though Youtube ultimately ended up saying that its ban of blockchain and cryptocurrency-related videos (including simple tutorials introducing Bitcoin) was an “error” and that all videos would be reinstated, it follows a pattern of hostility towards cryptocurrencies from Google that cannot be ignored.
Here is what happened in the Cryptoworld in the last quarter of this year and this decade: Total crypto market capitalization in Q4 We started this quarter with looking who is to blame for Bitcoin price crash.
The local authorities of the Chinese province of Sichuan are clamping down on Bitcoin mining operations in the region amid a power shortage. Reported by the Asia Times, the authorities are not only going after the mining operators but also after the power stations for supplying electricity to these businesses.
XRP hasn’t done too well in the past 12 months, plunging by 47% since Jan. 1st, 2019. For some perspective, Bitcoin has gained a jaw-dropping 90%, surging on the back of a confluence of factors, which includes a capital flow from altcoins to the market leader BTC.
Ian Balina, a native of Uganda, Africa, is the founder and CEO of Token Metrics, is Kiana Danial’s guest today on Invest Diva’s Diva on the Block. Ian Balina someone who lost 2.5 million dollars while streaming live on youtube, is one of the most recognized and probably the most controversial personalities in the crypto community.
PANAMA CITY, Panama, Dec. 31, 2019 /PRNewswire/ — OmniBazaar, Inc. and OmniCoin Foundation Company jointly announced today that 84% of all issued OmniCoins were intentionally destroyed (“burned”) on 25 December as a surprise holiday gift to OmniCoin holders and users. OmniCoins are the native cryptocurrency of the OmniBazaar peer-to-peer e-commerce marketplace.
Ripple, as usual, continues to selling XRP besides a strong reaction from the crypto community. Some people think that it is not decentralized at all but decentralized and the company is selling coins to make money instead of investing in increasing the ecosystem to trigger the price value upward.
Some of the highlighted events coming to QED from Jan. 22-28, include: fun and friendly comedy with hosts Sue Funke and Katie Compa at Happy Place Comedy (Jan. 22); hosts Johnathan Appel and Zach Lennon-Simon keep the comedy positive at Very Nice People Saying Very Nice Things (Jan.
This post is part of CoinDesk’s 2019 Year in Review , a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Leah Callon-Butler is the director of Emfarsis, a consulting firm focused on the role of technology in advancing economic development in Asia.
Just because a business does not make any money, does not mean that the stock will go down. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune.
Justin Sun, founder of Tron and CEO of peer-to-peer file sharing protocol BitTorrent, has added one more firm to his portfolio: blockchain-based live streaming platform DLive. BitTorrent announced Monday that DLive will begin migrating its platform to the Tron blockchain from the current Lino blockchain
Emerging out of the financial crisis, bitcoin was created as a bypass to the banks and government agencies mired in Wall Street’s greatest calamity in decades. The cryptocurrency was slow to break into the market at first, muddied by a slew of scandals. But since joining the mainstream, it’s proved to be the decade’s best-performing asset.
Today’s mid-week daily close in Bitcoin price charts carries significantly more weight than usual, as New Year’s Eve marks the last day of the calendar year, and the crypto asset’s yearly candle close.
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia – Bitcoin News
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized financial governance, Uzbekistan’s crypto ban, and four countries’ central bank digital currency updates.
Competition in the cryptocurrency and blockchain world is crucial. As far as DApps are concerned, it appears that only three ecosystems are competing for real traction today. The new DAppRadar shows that things are not as competitive as most people think. The findings confirm how Ethereum is the most smart prominent smart contract blockchain.
One of the most important steps in your bitcoin education is learning how to get a bitcoin wallet. When you’re dealing with bitcoin you act as your own bank, which means you’re responsible for the storage and security of your digital assets.
TronWallet, a crypto wallet and an exchange, releases its latest version – TronWallet 3 with Bitcoin support and other new features integrated
2019 Brought Double Market Cap Figures And Stronger Adoption Of Cryptocurrencies In General 2019 has been a rollercoaster year for the entire crypto sector, with many price swings and trends changing from bearish to bullish, and vice versa.
Changpeng Zhao, the chief executive officer of Binance, says he expects Indian regulators to align with crypto innovators in the long run.
A few weeks ago, the FBI arrested an Alabama-born computer programmer for allegedly helping the North Korean regime evade U.S. sanctions through blockchain technology. According to the indictment, Ethereum developer Virgil Griffith provided technical education at an April 2019 blockchain conference in Pyongyang run by the regime.
Imagine that Bitcoin made itself some promises for the upcoming year – what would they be like?
Bitcoin made a huge entry into the market in 2009 and was the first cryptocurrency ever. It is digital money or virtual money that is generated online and stored. Each of the transactions done using virtual money is anonymous, which is why Bitcoins have become so popular.