When Satoshi Nakamoto created bitcoin, a message in the cryptocurrency’s Genesis block made clear that it was a direct response to banking industry mismanagement and the financial and political structures that continued to enable it. Just one decade later, US President Donald Trump might tap a cautious crypto optimist to lead the World Bank. Trump Considering El-Erian for World Bank President According to Bloomberg, Mohamed El-Erian is one of several candidates that Trump has shortlisted for the job of World Bank president. The 60-year-old El-Erian currently serves as chief economic adviser at Allianz, where his views on bitcoin have
Op-Ed: Ex-Starbucks CEO Howard Schultz Might Run for President, Here’s Why That’s Great for America
The Atlantic reported Sunday that former Starbuck’s CEO Howard Schultz is giving serious consideration to a presidential run in 2020 as an independent candidate. The revelation was made in a recently recorded 60 Minutes interview, The Atlantic said, in a report with a blistering editorial for a headline: “Ex–Starbucks CEO Could Get Trump Re-elected.” Howard
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Ethereum Classic Might Have Been Hit by a 51% Attack
Late last night on Twitter, the official Ethereum Classic team noted that possible chain reorganization and double spend attacks are ongoing. They subsequently asked crypto exchanges and ETC mining pools to require as many as 400 confirmations for withdrawals and deposits. There have been rumors of a possible chain reorganization or double spend attack. From
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Japan’s Financial Watchdog Might Approve Cryptocurrency ETFs After Saying No to Futures
The Financial Services Agency of Japan is considering approving exchange-traded funds which track digital assets, Bloomberg reports. According to sources who confided in Bloomberg, the financial regulator is at the moment gauging sector interest in exchange-traded funds tracking cryptocurrencies. This comes less than a month since the financial watchdog put aside plans for cryptocurrency futures.
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Bitcoin: Developer Explains Why a Multi-Asset Lightning Network Might Not Work
A contributor to the Lightning Network codebase who goes by the name ZmnSCPxj recently wrote a reasoned post to the Lightning Development mailing list detailing what he views as a limitation of the network, which is considered by many to represent the future of Bitcoin scaling and adoption. The identity of ZmnSCPxj is not known.
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Coinbase Might Be Behind Those 856,000 BTC Worth of Transactions
Last week, it was reported that a Bitcoin whale had moved thousands of bitcoin into different wallet addresses. Between December 1 to December 6, 2018, the whale split 856,000 bitcoin between 107 wallets, sending an equal 8,000 BTC into each wallet.
Speculators have formulated different hypotheses since the monstrous sum was moved. Was it a market whale moving funds to Over-the-Counter (OTC) markets? Could the sender be the Foundation for Economic Education (Fee.org)? (This second theory is highly improbable as the listed address on the organization’s website reveals it has only ever received a total of 2.2 BTC.)
Paxos Standard: Why the Stablecoin You’ve Never Heard of Just Might Take Down Tether
Several months ago, crypto exchange Gemini made waves when it announced that, with permission from the New York Department of Financial Services (NYDFS), it had created a USD-pegged cryptocurrency “stablecoin” that would provider traders and institutions with a “regulated” alternative to tether (USDT), which was frequently the subject of controversy despite having a multi-billion dollar
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Look at Data From Past Bitcoin Crashes and You Might (Possibly) Feel Better
After a bearish year of perennial price swings that culminated in months of tightly wound sideways movement, the (former) bottom has dropped out for bitcoin and the wider crypto market.
By all rights, it’s a complete reversal of fortune from the explosion of value the market enjoyed this time last year, and mainstream media has had a field day exploiting the irony of the peripeteia bitcoin’s price has suffered when we compare it to the investor euphoria of just a year ago.
Your Thanksgiving Turkey’s Provenance Might Be on a Blockchain (Seriously)
Honeysuckle White is giving family and friends gathering for Thanksgiving dinner this year the opportunity to talk turkey with a traceable blockchain code on more than 200,000 turkeys sold through 3,500 retailers around the U.S. The traceable turkeys, a limited supply of which is also available through internet retailer Amazon, offer consumers a high-tech connection to the farm where the centerpiece of the meal began its journey to the table.
The blockchain, which Honeysuckle White developed using Hyperledger’s Sawtooth platform, is intended to establish a “proven and trusted environment to build a transparent food chain, integrating farmers and producers, suppliers, processors, distributors, retailers, regulators and consumers,” according to a company release.
Why We Might Be Waiting A While For The Bitcoin ETF
A tweet by a renowned American lawyer, Jake Chervinsky, the United States Securities and Exchange Commision decision on the rejected nine Bitcoin ETFs would not be made until December. Notably, the crypto trader, Ran NeuNer make false accusations on the 2nd November this year that the SEC would likely take a call on the Bitcoin ETFs by the 5th November.
You can see the tweets below here:
This is wrong. The November 5 deadline is for the *public* to submit statements to the SEC, *not* for the SEC to conclude its review of the rejected bitcoin ETFs.
Monero (XMR) Might Still End The Year Above $500
Chart for XMR/USD (1W)
Monero (XMR) currently trades around $ 107 and is probably one of the safest bets in the market right now. The price has been following a three driver’s pattern, trading in a diverging bullish channel. It has currently reached the bottom of the channel and will likely return with bullish momentum for the long haul that could drive its price all the way to $ 500 or higher before the end of the year. Apart from the technicals, its fundamentals look great as well. Monero (XMR) transactions are currently cheaper than that of both Bitcoin (BTC) and Litecoin (LTC).
Ripple (XRP) Might Touch $5 In Q1 Of 2019
Ripple (XRP) is about to begin a new trend. The daily chart for XRP/USD shows that Ripple (XRP) has already broken out of the bullish gartley formation and is due for a breakout anytime now. RSI for the above chart shows that Ripple (XRP) has already broken its downtrend and is now waiting for the rest of the market to recover so it can resume its bull trend. This is not the first time a weak Bitcoin (BTC) has put a stop to Ripple (XRP)’s aggressive rally. It might seem as a negative development to most investors who have been waiting for a trend reversal since the beginning of the correction. However, if we look at the chart, we can see that Ripple (XRP) has now found a support higher up the ascending channel. This means that Ripple (XRP) is now likely to rise even higher during its next cycle.
Binance Coin (BNB) Might Take Tether (USDT)’s Spot
Chart for BNB/BTC (1D)
Binance Coin (BNB) has attained a unique reputation as a Tether styled coin that continues to remain stable even as the market bleeds. This behavior on behalf of Binance Coin (BNB) was also observed during the past few minor corrections. The coin is down only 33% since its all time high, compared to 70% for Bitcoin (BTC) and 85% for Ripple (XRP). This shows that smart money believes in the long term prospects of the crypto markets, now more than ever. With the lack of confidence in Tether (USDT), Binance Coin (BNB) is all set to become the new favorite for parking money during bad times.
Blockchain Might Make Voting Worse — Not Better: Crypto Researchers
Three researchers with the Initiative for CryptoCurrencies and Contracts (IC3) are questioning whether, as some proponents claim, blockchain technology will be able to change the internet voting sector for the better. In an article published by Business Insider, the scholars argue that while blockchain technology might serve to revolutionize other industries, internet voting might be a
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Tether Found a New Bank, and it Might be in the Bahamas: Report
Tether, the controversial issuer of the USDT cryptocurrency, may have found a new banking partner in the Bahamas. Tether May Have a New Bank As first reported by The Block’s Larry Cermak, Tether — whose USD-pegged cryptocurrency has a market cap in the billions of dollars — is said to be holding its fiat reserves
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Stellar (XLM)’s Next Breakout Might Steal Ripple (XRP)’s Thunder
Stellar (XLM) has seen growing institutional interest over the past few months. A survey report by Fundstrat recently showed that institutional investors believe Stellar (XLM) to be a promising project. To the surprise of many, there was no mention of Ripple (XRP) though. This indicates that institutional investors prefer Stellar (XLM) over Ripple (XRP). However, the majority of retail investors still prefer Ripple (XRP) over Stellar (XLM) as Twitter polls show. That being said, we have seen that sentiment does not take long to change in this market.
Continue reading Stellar (XLM)’s Next Breakout Might Steal Ripple (XRP)’s Thunder at Crypto Daily™.
Bitcoin’s Low Volatility Might Mean Price Manipulation Is Waning
Since its inception, Bitcoin has exhibited a highly volatile nature. However, during the past few days, Bitcoin’s price volatility has fallen to the lowest level of 2018. The U.S. Securities and Exchange Commission (SEC) will most likely view Bitcoin’s calmer price oscillations favorably.
Low Volatility Signals That Investors Are Now Holding to Bitcoin
Bitcoin’s (BTC) 00 volatility has been decreasing recently. According to data provided by Highcharts, the Bitcoin volatility index for the latest 30-day estimate is 1.73 percent, and for the most recent 60-day estimate is 2.58 percent.
Sidechains Are Bringing ICOs to Bitcoin And That Might Change Crypto Funding
By the end of the year, an initial coin offering will be launched on bitcoin. thanks to sidechains tech.
CoinDesk
Why Discord Might Be a Prime Acquisition Target for Microsoft
Discord, the popular software service utilized mainly by video game communities, has quietly positioned itself to become a major player in the gaming industry. With a user base of more than 150 million, which has tripled over the last year, Discord has recently pivoted to add an online store that will sell games to customers through […]
SludgeFeed
Ripple (XRP) Might Surprise The World In 2019
Chart for XRP/USD (1H)
Ripple (XRP) is moving at a very fast pace. Anything is possible at this point. The Ripple team runs a very tight ship and they know how to get things done. The above chart for XRP/USD shows that Ripple (XRP) bulls have a tight grip on the price. Ripple (XRP) has just touched the bottom of the ascending channel it is trading in. XRP/USD is currently trading below the 21 Hour EMA but soon as breaks above it, the road towards $ 0.70 will be clear.
Continue reading Ripple (XRP) Might Surprise The World In 2019 at Crypto Daily™.