FULL INFORMATION ABOUT EXCHANGERS AND RATES WITH BESTCHANGE

BestChange

BestChange

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Jan 18, 2019
101
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225
Bitcoin and gold will stand in case the stock market falls

10T Holdings and Gold Bullion International co-founder Dan Tapiero thinks. According to him, the stock market is in for a strong correction since the optimism of individual investors regarding S&P 500 index is at its record high. "Unfortunately, most worrying data point have seen in a while for #StockMarket from short term perspective. Certainly an extreme of epic proportions hit on this indicator. Does not seem to be something that can be corrected in just a few days", he said. The businessman thinks that gold and bitcoin "must hold their positions" according to this scenario.

Opinion: the BTC rate will not go lower than $9,700

Amsterdan stock exchange analyst Michaël van de Poppe thinks that the bitcoin price is going to turn back on above the point of $9,700. He says that the price should go up to $10,800 and then go down to its new local lows within the zone of $9,700-9,800. It will stay within this zone untill the end of the month and then it will go above $11,000. To regain the growth, the price should get stable above a very important point of $11,170. The analyst adds that, however, in case the price tests the level of $9,700 real quick, the BTC price may start to strengthen already at the middle of the month.

Why bitcoin is going to get as high as $250,000

Popular analyst filbfilb explained. He drew Fibonacci circles through the highs and lows of the two previous growth/fall bitcoin price cycles. It turned out that the high of the next rally coincided with the circle with the period of 3,618. For instance, the pattern built according to the 2013-2015 year cycle showed a high at about $17,900. The actual high of 2017 was at the point of $19,700. Judging from the new patterns, the next rate high will be around the level of $243,000. Analyst GravityWave notes that the new high is also near the area of $250,000. He put Fibonacci levels through cycle lows and highs — the point of 2,382 showed the high of the next bubble.

 
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BestChange

BestChange

Well-known member
Verified
Jan 18, 2019
101
Points
225
Bitcoin and Gold Correlation Set Record

The correlation between gold and bitcoin has been increasing since July amid a weakening US dollar. The loss of the position of the main world currency has a positive effect on "defensive" assets, which include gold and bitcoin. The level of correlation between the two instruments exceeded 0.5, which indicates a high co-directionality of the movement of their rates. A few months ago, the indicator was below 0.1. The correlation index varies from -1 to 1. The -1 mark indicates that the quotes move absolutely independently, with a value of 1 the price charts completely coincide. In addition to gold, the correlation between BTC price and S&P 500 index also increased. On September 7, the indicator reached 0.4905, after which it decreased to 0.36.

ETH Transaction Volume Updated Historical Peak

In August, the monthly volume of ETH transactions set a record, reaching $24 billion, according to DappRadar data. The indicator has been renewing maximums for already three months - back in May it did not exceed $2 billion. The active growth of the level of transferred funds in the network is associated with the development of the decentralized finance market. The volume of transfers of DEX and DeFi applications over the past month increased by $9 billion each. The level of blocked funds in the DeFi-sphere increased by $3.61 billion and reached $7.5 billion by September. At the same time, the number of active ETH addresses in August decreased by 6% - this is due to a record increase in transfer fees.

The first government digital currencies will appear by 2030

Experts from the European Analytical Center believe. In their opinion, at least three central banks will replace their currencies with digital tokens. China, the United States and the European Union will be the first to do so, launching digital versions of the yuan, dollar and euro. According to experts, this will happen by 2030. They also allow for the option of governmental stablecoins being issued by Sweden and the Bahamas. The Swedish regulator recently announced that it is ready to submit the CBDC by 2025. China is already testing the digital yuan, and the European Central Bank is actively exploring this direction.

 
BestChange

BestChange

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Verified
Jan 18, 2019
101
Points
225
Ethereum 2.0 launch dates announced

Raoul Jordan, Prysmatic Labs developer who is involved in testing of Ethereum 2.0, said preparations for the network's launch go as planned. All necessary features will be added by mid-October, he said, allowing developers to focus on improving security and user interface. “If all goes well, November is still looking good for a launch from our perspective, Jordan wrote. Earlier, a representative of the Ethereum development team, Afri Shedon, also announced that the network will begin work in November this year.

Ethereum Miners' Profit surges by 98%

In August, Ethereum miners received $285.1 million in revenue, the highest in two years. Compared to last month, profit increased by 98.2%, the resource The Block notes. This happened amid a record increase in online transfer fees. For more than a month, their average level has been above $2, and in early September it peaked at $15. The reason lies in the growth in the activity of applications from the field of decentralized finance. All transactions made by application participants are recorded on the Ethereum blockchain, which increases the load on the network and creates a queue of transfers. To send their transaction faster, users are willing to pay higher fees.

The digital yuan will become a complete analogue of paper money

The digital yuan is legally fully consistent with fiat currency, says Fan Yifei, deputy chairman of the People's Bank of China. In an article written for Financial News, the official outlined the basic principles for regulating the digital yuan. According to him, digital currency is part of the supply of paper notes and coins, and therefore "must comply with laws and regulations related to money management." Fan emphasized that the digital currency will be accepted throughout the country and "no company or individual can refuse to accept it." The official also added that the digital yuan should be regulated by anti-money laundering and terrorist financing laws.

 
BestChange

BestChange

Well-known member
Verified
Jan 18, 2019
101
Points
225
Bitcoin has risen in price to $11,000 again

On the morning of September 16, the price of the first cryptocurrency returned to the $11,000 on a number of exchanges. Over the week, BTC rose in price by 11% - at the beginning of September, the asset rate tested monthly lows at $9,900. The rise in the price of bitcoin is taking place against the backdrop of several fundamental positive factors. Thus, the network hash rate has once again updated its historical maximum, reaching 150 EH/s. The number of coins sent per day, expressed in dollars, broke the annual record of $30.69 billion. At the same time, the dollar index is declining for the fourth day in a row, which also supports the BTC/USD pair.

Draft law on the regulation of cryptocurrency in the EU has been published

Politico has published a preliminary version of the Cryptocurrency Assets Markets Act (MiCA), created by the European Commission. The document proposes to regulate cryptocurrencies, security tokens and stablecoins in the same way as traditional financial instruments, which will ensure their legal purity. The bill gives broad definitions to cryptoassets and also describes a set of rules and requirements for asset issuers and service providers. The former will be obliged to register a legal entity, and service providers will be obliged to establish an official office in a member state of the European Union. Special attention is paid to stablecoins, which are divided into two categories: tokens linked to real assets and digital tokens. It is expected that the bill will be submitted for consideration in September, and will be able to enter into force no earlier than 2022.

Bakkt Exchange Records Record Bitcoin Futures Trading Volume

The Bakkt cryptocurrency platform has reported a new all-time record for daily trading volume in bitcoin futures. On September 15, the indicator reached 15,955 BTC (more than $ 200 million), which is 36% higher than the previous maximum. At the same time, the activity of BTC futures trading on the Chicago Mercantile Exchange (CME) dropped to the lowest levels - about $ 262 million. Unlike CME, Bakkt allows customers to receive instrument settlements in Bitcoin. The site was launched in 2018 by the Intercontinental Exchange (ICE) operator, which owns the New York Stock Exchange.

 
BestChange

BestChange

Well-known member
Verified
Jan 18, 2019
101
Points
225
Tether capitalization reaches $15 billion

USDT market cap has exceeded $15 billion. As of September 18, capitalization increased by another $200 million and reached $15.284 billion. Over the past 20 days, the indicator has grown by 50%, and since the beginning of the year - by 3.7 times. Analysts attribute this to the rapid rise in popularity of the decentralized financial applications sector. Tether developers have previously noted that many investors enter the crypto market precisely through USDT. For example, Asian traders most often buy bitcoin and altcoins using Tether tokens. Most of the coins ($10 billion) are issued on the Ethereum blockchain, another $4 billion operates on the Tron network.

Police summoned the head of Bithumb for questioning

Seoul police have summoned Lee Jong Hoon, chairman of the South Korean exchange Bithumb, for questioning. A fraud case is pending against him, local media reported. Lee Jong Hoon is accused of manipulating the presale of Bithumb BXA tokens, as a result of which investors lost about $25 million. On the second charge, he did not pay taxes on foreign real estate. Bithumb's offices were searched three times in September. During the latter, law enforcement officers seized shares in Bithumb Holdings owned by the company's director Kim Ben-gen. The bank plans to add new types of cards, improve the loyalty program, and add new functions for businesses and users.

 

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