The panel of ‘experts’ at Finder have published their latest report, exploring a number of cryptocurrencies and making very elaborate predictions on how they expect the cryptocurrencies to perform over the coming weeks and months. Now before we begin, we should highlight that these predictions are very bullish and that even though this is a panel of experts, predictions are just that – predictions, based on speculation and rough calculations, nothing more. Therefore, we can’t take this as absolute fact and shouldn’t use this report to justify any investment decisions. Now, with that cleared up, let’s take a look at the Finder report.
According to the US stock exchange giant, Nasdaq, they can lead the fight against the manipulation in the market which has been surrounding the space for a while now. In fact, a couple of other exchange platforms are already adopting the exchange operator’s market surveillance technology.
So just how can the exchange solve fraud and market manipulation? In a report published at the start of November, Nasdaq mentioned that it has a lot of experience in dealing with the little details of the assets trading markets.
In part of the report by Nasdaq it says:
The godfather of ETF’s, also known as Reggie Browne has said that the Bitcoin Exchange Traded Funds won’t be certified any time soon. Is was reported by Business Insider yesterday, Browne is a senior managing director and the head of ETF trading at the financial services firm Cantor Fitzgerald.
The company was founded at the end of World War Two and focuses on institutional equity, trading and fixed income sales. The firm reportedly has over five thousand institutional customers includes investment banking, commercial real estate and prime brokers.
The chief marketing strategist at Ripple, Cory Johnson believes that Bitcoin is on ‘steroids’.
Johnson outlined what Ripple does and why the company has decided to utilise blockchain to function directly with banks and financial institutions in a new interview with Financial tech Focus Podcast.
The most significant things in the interview are below.
During Ripple’s Swell conference, Ripple showed a report named ‘Blockchain in Payments’. The report discusses the critical mass adopting blockchain based payments for this year. Several organisations were anticipating this conference and more specifically integrating virtual assets into cross-border payments flows.
The Boston Consulting Group collected data which showed that the number of cross-border payments in the global markets was worth around $ 27 trillion. The data continued to show that this number could grow by another $ 20 trillion between this year and 2026.
ICOs have managed to sell almost as much Ethereum (ETH) in terms of US dollars as they have raised, new research shows. Even with the current rates of ETH, projects are sitting on unrealized profits, rather than actual losses.
Most of the Raised ETH Is Already Sold
According to a new research brought forward by Hong Kong cryptocurrency exchange in partnership with analytics resource TokenAnalyst, initial coin offerings (ICOs), which raised ETH throughout their crowdfunding sales, have sold almost as much of it as they’ve raised in terms of USD. The research reads:
New York Attorney General, Barbara Underwood has spoken out about a distinct lack of customer care seen within many cryptocurrency exchanges, a statement that very much goes against many exchanges moves towards becoming a safe haven for cryptocurrency investors.
Underwood believes that the nature of exchanges means they do not have the customers best interests at heart and therefore customers are not protected against the threats of the cryptosphere. Moreover, Underwood believes that manipulation is still rife within many exchanges, which in turn is causing further problems elsewhere.
The promoter of crypto John McAfee is still positive in the strength of globes top leading cryptocurrency, Bitcoin. He thinks that the coin deserves to be crowned as the number one virtual asset in the crypto space.
John McAfee is a member of the CoinsBank Blockchain Cruise and when speaking to AMBCrypto, he said that Bitcoin is the only leader in its ecosystem. However, he did argue with those who claim about the coins nature as a P2P digital cash protocol.
Brian Armstrong, the CEO of one of the most popular crypto exchanges, Coinbase has revealed what he thinks the future of the company will hold. Armstrong goes onto say that he wishes the company to grow into something similar to the New York Stock Exchange but on more of a around the globe level.
At the TechCrunchDisrupt event which took place in San Francisco, Brian Armstrong shared his thoughts on what he sees in the future of Coinbase.
In prepared testimony given before the U.S. House of Representatives Financial Services Committee, Yaya Fanusie, director of analysis for the Foundation for Defense of Democracies, explained how though terrorists have tried to raise funds through cryptocurrencies, instances are rare to non-existent. Instead, groups seeking to cause mayhem much prefer good, old cash.
As we all know, Bitcoin is the most advanced and successful cryptocurrency of all time. In 2017 it was estimated that between 2.9 and 5.8 million individual users were using a cryptocurrency wallet and most of them were using Bitcoin. Despite being the only form of currency exchanged by Silk Road in the early days and fluctuating in value day by day, the tender firmly found its feet after the 2012 appointment of The Bitcoin Foundation.
Cryptocurrency is rife with problems, we know that, otherwise Bitcoin would have been adopted years ago. The good thing is, a lot of these problems can and will be addressed. When we think of problems, we think of things like hacks, security, volatility and accessibility. Regarding cryptocurrency funding on the other hand though, a founder of Ethereum, Vitalik Buterin has located a major problem in a paper, co-written by Zoë Hitzig of Harvard University.
The problem, free riders.
Coinbase CEO Brian Armstrong recently classified Coinbase as a ‘crypto company’ rather than a financial or technology company. I just published “Is Coinbase A Finance Or Tech Company?” https://t.co/x4GhtT3YGk — Brian Armstrong (@brian_armstrong) August 24, 2018 In a recently published blog post, Armstrong shared his company-wide email response to a recent question raised by an […]
Bitcoin’s network energy consumption has become somewhat of a hot topic as the cryptocurrency grows in popularity. A clean energy researcher, however, says that naysayers are missing critical factors when making their claims.
Having the Wrong Conversation
According to Katrina Kelly-Pitou, the popular debate on whether or not Bitcoin’s 00 network electricity consumption is causing serious damage to our climate is not headed in the right direction. Kelly-Pitou is a clean energy technology researcher at the University of Pittsburg,
Citing recent studies, which suggest Bitcoin dramatically increases the consumption of electricity on a global scale, Kelly-Pitou claims that experts are failing to understand some of the basics behind renewable energy systems:
When the banks failed in 2008, our financial systems shifted. A decade on, one of our most nagging financial predicaments centers on virtual currencies and their (lack of) regulation. 2018 is showing promising steps forward in lawmaking for countries like Switzerland, Germany, Malta, and even the US. So, why does Vancouver-based intelligence firm BIG believe that white-collar crime could double over the next 10 years?
As an agency that helps track and monitor cryptocurrency transactions at a forensic level (with the Department of Justice and Homeland Security among its clients), BIG notes that, as technology evolves, rather than fight white-collar crime, it could very well facilitate it. Moreover, the internet provides vast opportunities for white-collar criminals in 2018 – and current legislation is ill-prepared to stop the rise.
The World Needs Privacy
Famous Bitcoin early investor Jeffrey Wernick — who also got into Uber and Airbnb as an angel investor — recently told Business Insider that people get a lot of things wrong about the first and foremost cryptocurrency. Here’s some of what he had to say.
When asked by Business Insider‘s Sara Silverstein what “most people get wrong about bitcoin or cryptocurrency,” the successful financial expert had a lot to say on the matter.
‘It’s a People’s Money’
Firstly, Wernick claims most people today have either neglected to recall or totally forgotten the philosophical purpose which underlined Bitcoin’s creation — namely, that it would be an alternative currency outside the reach of governments and traditional financial institutions. He explained:
Bitcoin price has found its bottom, according to early Bitcoin investor and Founder & CEO of Digital Currency Group, Barry Silbert.
What Caused the Spike?
Bitcoin price 00 saw an unprecedented rise July 17, spiking with more than 10 percent in around 45 minutes.
Speaking on CNBC’s Fast Money, Bitcoin advocate Barry Silbert associates the increase with the fact that a lot of people were actually looking for a bottom which, according to him, is already in.
As Bitcoin price continues to decline, senior analyst Todd Gordon shares his take on the current market conditions – and where the price of Bitcoin will go from here.
Todd Gordon, founder of TradingAnalysis.com, appeared on CNBC’s Stock Draft on June 22 during which he predicted that Bitcoin (BTC) will fall to $ 4000 before experiencing a rebound that will take it to over $ 10,000 by 2019.
Former Obama administration financial regulator Gary Gensler believes cryptocurrencies such as ether and ripple appear as unregistered securities, and in current violation of the law. His comments carry considerable weight in the broader financial community. They also come after venture capitalists and lawyers invested in ether projects met secretly with the US Securities and Exchange Commission (SEC) to head off such regulation. Spokespeople for both coins insist they’re not securities.