By CCN Markets: Rallying supporters to “Keep America Great,” Donald Trump raised the stakes of the 2020 election in a tweet. The president said if he’s not reelected, “there will be a market crash the likes of which has not been seen before!” If true, based on percentages, that means the stock market would lose 25% of its value after election day. The Trump Economy is setting records, and has a long way up to go….However, if anyone but me takes over in 2020 (I know the competition very well), there will be a Market Crash the likes of which
By CCN: Bitcoin price will hit $ 30,000 by the end of 2019, according to Kenetic Capital co-founder Jihan Chu. In an interview with Bloomberg, he points to three bullish factors including the upcoming bitcoin halving, the disappointment of tech IPOs, and the likes of Facebook and Fidelity embracing crypto. Chu’s $ 30k price target comes as bitcoin teases the $ 9,000 mark and ticks over a $ 150 billion market cap. “Ten years out from the bitcoin story, and we are starting to see the story become a reality. and what people are really seeing now is that cryptocurrency is not going away”
Facebook (FB) is reportedly planning to launch its cryptocurrency, now dubbed GlobalCoin, in 2020. According to a recent report by BBC News, the social media giant is aiming to begin testing the new crypto by the end of 2019 with plans to launch in the first quarter of 2020. “Facebook is expected to outline plans in […]
Andrew Yang, an American entrepreneur and 2020 Democratic candidate for president, has laid out a clear proposal for handling regulations for Bitcoin (BTC) and the rest of the digital asset class. According to the candidate’s summary page, Yang sees the current state of federal and state crypto regulations as having a chilling effect on the […]
The Stock Exchange of Thailand has confirmed it’s building a digital assets platform that it expects to launch next year.
U.S. Senator Kamala Harris (D-CA) announced Monday that she would be seeking the Democratic Party’s nomination to run for president in 2020. She timed her announcement for Martin Luther King Jr. Day, a sign that she intends to make political capital of her identity as a woman of color. That’s ironic because Martin Luther King
The post Kamala Harris 2020 Would Be Hillary Clinton All Over Again appeared first on CCN
When we think of Dubai, we think of Arab billionaire lifestyles, 6-star hotels, and awe-inspiring skyscrapers. But did you know that plans are in place to turn Dubai into the first blockchain-powered city by 2020? The Director-General of Smart Dubai, Dr. Aisha Bint Butti Bin Bishr, believes that city is in prime position to establish
The post Can Dubai Become the First Blockchain Powered City by 2020? appeared first on CCN
A petition to get the International Olympic Committee (IOC) to make XRP the official cryptocurrency of the next Summer Olympics has crossed the 7,500 signatures milestone.
XRP Will Ease Forex Tensions at the Games
According to Ken Takahashi, the creator of the petition, XRP has the potential to solve many logistical headaches associated with large international sporting events, especially concerning foreign exchange. Rather than putting enormous pressure on the Japanese yen, Takahashi proposes a system that requires the use of XRP.
Takahashi’s motivation comes from the struggles faced by people in the last few games. A portion of the petition reads:
The United States federal budget deficit rose to $ 782 billion for the 2018 fiscal year, according to the Congressional Budget Office (CBO), Congress’ nonpartisan group of budget experts. This total amounts to roughly 3.9% of gross domestic product (GDP) and marks the third straight year that the deficit increased as a share of the economy. The outcome could have actually been […]
Chart for ETC/BTC (1D)
As developers express concerns over the centralized nature of dApp development and deployment on Ethereum (ETH), dApp popularity on the Ethereum Classic (ETC) blokchain has just doubled in two months. Ethereum Classic (ETC) has taken a more practical approach to dApp development compared to Ethereum (ETH), one that is more focused on development and less on fundraising. Instead of hosting a large number of shady ICOs, Ethereum Classic (ETC) has encouraged direct dApp deployment on Ethereum Classic (ETC).
Bitcoin price (BTC) could continue dropping for the next two years, a new forecast which takes into account the possible effect of the next block reward halving has revealed.
The Halving Factor To Hit Bitcoin?
Uploaded to Twitter August 13, the chart, which “factors in” Bitcoin’s third halving in May 2020 suppressing prices, shows BTC/USD ‘bottoming’ at $ 3000 just before the event.
The trend would continue three previous cycles in Bitcoin 00, the cryptocurrency now beginning a fourth, which would last through the next halving.
The halving, the 50 percent reduction in block rewards on the Bitcoin blockchain, is only two years away. Unless there is an abnormal change in hashrate, the reward for successful Bitcoin miners will drop from 12.5 to 6.25 BTC per block in May 2020. The burning question is what effect will the block reward reduction have on the price of Bitcoin?
A Little Bit of History
Bitcoin is less than a decade old. Thus, history might not paint a complete picture. However, historical patterns and trends are an excellent place to begin any price analysis. There have been two Bitcoin halvings: 2012 and 2016. Halvings occur every four years or after 210,000 blocks have been mined.
It has been announced that the Marketing Director of Adastra Marketing, Amelie Arras, will look to defend bitcoin’s crown in the upcoming Money20/20 Asia Payments Race. Mrs. Arras is hoping to repeat her performance from last year, where she defeated four other participants to claim victory for bitcoin in the Money20/20 USA Payments Race.
**On Today’s Episode Of The Cryptoverse:**
Coinbase has trouble with demand, BTC could reach 0k by 2020, Lauren Southern does a video on cryptocurrency, Peerplays blockchain launches, OKCoin denies adding ETC and Nevada bans tax on blockchain implementations.
Hardware wallets are the only way to truly store your cryptocurrency securely. Ledger provide a range of devices to suit all budgets and preferences.
[Checkout my review of the Ledger Nano S by clicking here](https://www.youtube.com/watch?v=o0kdbO85ZwM)
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