ETH BASED STABLECOIN IN UKRAINE

During a February 21 press conference, the National Bank of Ukraine (NBU) presents an outcome of the bank’s new crypto asset named e-hryvnia that has been very heavily promoted. Despite this, the central bank is not certain about how the new digital currency will impact the financial sector and its stability in the country.

According to a report by the National Bank of Ukraine, if a large part of the population of the country began using the new digital currency, traditional financial institutions will not be used as intermediaries for transactions. On the other hand, the release of e-hryvnia will not affect the natural inflation rate of the country’s currency, as the crypto asset will be developed by the National Bank of Ukraine.

Based on the central bank’s beliefs, the release of the digital currency will enhance the trust in the Ukrainian financial system. On the other hand, the circulation of physical money will also decrease, which can solve an issue that occurs in a number of countries. The pilot of the digital asset has been successful, however, the currency still needs more testing before entering the market.

There was also recently a new stable coin named UAX on the Kuna crypto asset exchange platform. UAX was introduced to the market on February 20 of this year and is based on the Ethereum system. The stable coin is currently being tested and will remain in this stage until the end of March of this year. Throughout the 2010s Ukraine has faced a number of issues regarding its financial stability and the UAX stable coin has appeared on the market to help with its stabilization. On the other hand, UAX will be compatible with other currencies based on the Ethereum network.

 

Coins based on Ethereum and the crypto coin itself have been gaining a lot of popularity recently. To get more information & details on Ethereum & its price, take a look at Ethereum Price updates as well as Ethereum Price Predictions.

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BITTREX 47K BITCOIN TRANSACTION

Crypto Whales are transferring their Bitcoin funds over the blockchain network. Recently, someone withdrew 414 million USD (47,450 BTC) from Bittrex with a small fee of 0.68 USD.

According to Whale Alert, a crypto news outlet that follows digital asset whales, 47,450 BTC has been sent through a transaction from the crypto asset trading platform, Bittrex. The address where the large number of Bitcoins was sent transferred the funds to another account almost immediately. What was most interesting is that the fee of the large transaction was only under 0.7 USD, which has become very normal for Bitcoin transactions on the blockchain as the fees keep decreasing.

There is also a high chance that the implemented soft fork named SegWit is also working towards reduced fees. According to a report by an industry news outlet, BelnCrypto, the adoption of SegWit on the Bitcoin network has reached a new all-time high at the beginning of the new decade. Currently, more than half of Bitcoin transactions on the network take place by the use of this implemented soft fork. SegWit encouraged the reduction of Bitcoin transaction fees. In fact, the decrease took place so noticeably that the average fees for BTC transfers fell down to 0.50 USD, compared to the 20 USD by the end of 2017. Based on transaction statistics, the transactions became cheaper for the average user as the demand for the first digital asset stayed on the same levels. A number of crypto critics have even said that the cheap transactions encourages the growth of mining and the network.

The crypto market very recently has been slightly bearish after the great start of the year. Bitcoin is, at the time of writing, trading at 8,825 USD with a resistance level at 9,500 USD and support level at 8,350 USD. Despite the downtrend, the Bitcoin price still has a long way to go as the halving approaches.

 

In order to learn more information on BTC and its price, check out Bitcoin Price updates and Bitcoin (BTC) Price Predictions.

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GOLD AND XRP CORRELATION

Before the recent price correction, the Bitcoin price has been pushing towards new heights over 10,300 USD and trying to hit a new highest price point this year. In the new decade, Bitcoin has been experiencing a strong push upwards helping all the Altcoins, specifically XRP, along to push their price limits. Because of this, the correlation between gold and Bitcoin has been questioned recently.

The trend that has been noted in the crypto community overall opens up doors for a longer period of value growth as the last prolonged period for Bitcoin price increase has been recorded in April and June of last year. The price volatility that has been observed in recent times has been a reason to challenge the assumptions that have been traditionally held about Bitcoin and large digital assets in general. A largely-held belief is that Bitcoin and gold have a strong connection. However, according to a recent analysis by a crypto news outlet, Cointelegraph, the myth that Bitcoin can be considered as digital gold because of a strong correlation to gold, despite being widely held by investors, is not very realistic. Considering that Bitcoin and gold have had a low price and returns correlation across the years, it is not hard to see why the idea that the first digital currency and gold have a strong relationship is challenged. This is also true about the myth that silver and Litecoin (LTC) have a correlation.

If we actually take into account the relation between the top 10 biggest crypto assets by market cap and gold in January of this year, we can see that XRP has comparatively a stronger relation to gold. While the correlation between Bitcoin and gold is slightly over 21 percent, the correlation of XRP with gold is more than 34 percent. Interestingly, Tether has a negative correlation of -37 percent with gold. If we consider 2019 as our time frame, the correlation of Bitcoin and gold is only 15 percent. On the other hand,XRP and gold had a correlation of only 7 percent last year.

 

Hence, XRP and gold correlation has increased recently. To learn more information on Ripple & XRP price shifts, check out Ripple Price updates as well as Ripple (XRP) Price Predictions.

 

 

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WALL STREET EXECUTIVE ON BITCOIN BANK

A former Wall Street executive, Caitlin Long, made an announcement that in early 2021 a new financial institution by the name of Avanti Bank will open in the state of Wyoming in the US becoming the first digital currency-native bank in the country. Before the announcement, Caitlin Long had succeeded in helping the state to implement 13 laws on the blockchain network. She broke the news on Avanti Bank on the social media platform, Tweeter, introducing the institution as a new United States-based bank for the digital asset market.

Based on what Caitlin Long said the new crypto-based bank would serve as a needed bridge for traditional financial institutions and the digital asset market. She also believes that this is a significant step for the United States market in order to be able to keep up with other countries in the crypto sphere. Due to its unique nature, Avanti Bank will be able to accomplish what most banks and financial institutions can not as a result of regulations. According to Long, Avanti Bank will pay special attention to their institutional clients, it will also provide Bitcoin and a number of Altcoins, yet, it is still not clear which digital currencies the bank will offer to customers.

When discussing regulations in the United States, Caitlin Long stated that her financial firm will operate according to anti-money laundering (AML), know your customer (KYC)  as well as anti-terrorist financing laws. The new company has recently applied to the Wyoming Division of Banking for a bank charter. Once the application is approved, the first crypto-based bank will open its doors in 2021.

 

At the same time, digital assets, specifically the largest of them all Bitcoin, have been experiencing value increases since the beginning of the new year and the upward trend for BTC will continue for at least 19 months. To learn more information on BTC and its price, check out Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

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GEMINI CO-FOUNDER’S EXPENSIVE BTC PURCHASE

A billionaire and famous Bitcoin investor, Tyler Winklevoss, recently gained the attention of everyone in the crypto community as he bought the most costly ticket to outer space in the world. Winklevoss is famous for being the co-founder of Gemini, a crypto asset exchange platform.

As reported by Luno on February 24, a digital currency platform, this purchase took place in January 2014. At the time of purchase, the ticket that he bought, which was a passenger-carrying spaceship by Virgin Galactic, cost the billionaire 321 BTC coins, which is currently equivalent to more than 3 million USD, however, at that moment this amount of Bitcoins was equal to 250,000 USD. This means that since the initial purchase the price of the crypto giant’s investment had increased by more than  1,100 percent.

Virgin Galactic is a spaceflight firm which was established in 2004 and also a part of the Virgin Group conglomerate. Paying this much for the ticket to the company, Winklevoss afterward compared this to the first purchase ever made with Bitcoin which was a pizza. This transaction took place a decade ago in May 2010 and it was so significant to the crypto community that the day was announced as the Bitcoin Pizza Day. The two pizzas cost 10,000 BTC coins at the time, which currently would be 97 million USD.

This year has been incredible for the value of Bitcoin and considering previous data the Bitcoin price will keep rising for at least the next 18 months. The average price of Bitcoin has been over 9,000 USD this year, which is even more than in 2017 when the coin reached its current highest price. As the halving that is supposed to take place in May approaches people in the industry have increasingly bullish predictions for the price of the first crypto asset.

 

For more information on the most popular digital currency, BTC and its price as well, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

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ETHER BULLISH RUN CONTINUES

Since the beginning of the new decade, the second largest crypto asset on the market, Ether (ETH), has been experiencing a steady rise of value. This lead Ethereum owners to think about how long would the bullish run last before a weekly correction occurred. Despite the fact that long-term predictions on Ethereum prices are currently unstable, it is very likely that the digital asset will keep the upward movement in the market for some time, yet, it may not be a very smooth climb for Ether.

Based on information from CoinMarketCap, at the time of writing the market price of Ethereum is slightly more than 269 USD. and the market cap of Ether is 29.7 billion USD. According to the 24-hour chart, the Ethereum price has undergone a positive change of almost 2.40 percent during the last day. On the other hand, considering the 4-hour chart, we can see an ‘Adam and Eve’ formation which can be a sign of short-term and the pattern is considered bullish.

If Ethereum price pushes past another price resistance level it is highly possible that the coin would reach and surpass 290 USD in a matter of days. After that, it is possible that another resistance breach will lead to a rise above 320 USD. However, considering the ‘Adam and Eve’ formation if Ether fails to break above the resistance level could cause issues slowing down the process of price growth. At the same time, on the 4-hour chart, there is also a symmetric triangle pattern, which is also a bullish sign. Looking at the two patterns on the chart, it is possible that Ether will stay in the region under 290 USD for some time before the breakout takes place.

 

In order to get more information & details on Ethereum & its price, take a look at Ethereum Price updates and Ethereum Price Predictions.

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IOHK RELEASES NEW CARDANO UPDATE

The IOHK, the firm that created Cardano, has recently made a considerable update that is associated with the release of the new era of the Cardano network called Shelley. The system now went from the Byron era (Ouroboros Classic) consensus protocol to an update named Ouroboros BFT (Byzantine fault tolerance).  Based on an announcement by the company, following extensive testing on the testing system, Cardano is in the process of transferring to Ouroboros BFT from Ouroboros.

In the announcement, there was also mentioned that the change from Ouroboros Classic to Ouroboros Praos and integrated in the update. On the technical side, the update is a hard fork, which is a radical and planned change to the protocol of a Blockchain system. The update is a link between Ouroboros Classic and Ouroboros Praos that will establish the beginning of the Selley era.

Ouroboros BFT is a consensus protocol that is considered very safe, however, the decentralized nature of the system was compromised on the original version of the update. Ouroboros BFT is an algorithm that is linked to the family of Ouroboros, which also includes Ouroboros Classic, the current protocol of the Cardano network. According to a statement by IOHK, the network will fully shift to the new era later in the year of 2020. After that, the Ouroboros Praos will be implemented.

Owners of the ADA coin by Cardano were encouraged by IOHK to upgrade their system in order not to experience issues with the system. At the same time, new digital assets were not generated during the update. Users of the Daedalus wallet by Cardano were also notified to check that they are using the latest version that supports the update.

 

To find out more information and detail about Cardano & ADA price, take a look at Cardano Price updates and Cardano Price Predictions to be more conscious of the market and your investment decisions.

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ETHER PRICE WILL RISE AGAIN

There is still a chance that Ethereum (ETH) might hit the price point of 300 USD and even rise above that before the halving takes place. A lot of digital currency traders can consider this strange considering the current state of Ether price, yet, at the same time, crypto asset prices are very unpredictable in their behavior. Only a small number of investors and traders in any financial market are able to invest in a way that allows them to generate profit consistently.

Considering the daily chart of Ethereum in relation to USD, the price of the currency has experienced a 38 percent decline. This level was not reached on the Bitmex platform and, if we take a look at the price improvement after this, there is a strong reason to assume that there is strong support for the currency and that Ethereum is going to have an upward move soon if the uptrend maintains.

Longing the market at the current price of Ether is very risky and, at the same time, short selling will not be profitable either. This could be a good point to make money off of your Ethereum coins, however, the currency still has a large potential of rising towards 300 USD. When Bitcoin goes above the 10,000 USD point, Ethereum, along with other coins, will also experience a price growth. A number of Altcoins with large market capitalizations are already showing price rise signs. Ethereum has bounced back and denies going down once again. Looking at the daily chart of Ethereum, there is a big possibility that the digital asset will also grow in value in relation to Bitcoin. However, it is still important to be cautious of the Ethereum price at this stage.

Ethereum has been on a steady rise lately. To receive more information & details on Ether & its price, take a look at Ethereum Price updates and Ethereum Price Predictions.

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BANK ASIA AND RIPPLE PARTNERSHIP

Bank Asia, which is based in Bangladesh, entered the RippleNet system by Ripple Labs which operates by blockchain technology.  The partnership of Bank Asia and Ripple Labs has been discovered only recently. This happened after a crypto Tweeter user drew attention to the fact that in an official document by Ripple Labs that was released on February 10, 2020, a logo of Bank Asia had appeared. At the same time, this new partnership must have been established at least a month before the document was released as it had been published in December of last year.

The logo of Bank Asia was present on a part of the document that demonstrated some of the users of the RippleNet system by the company. The other companies presented on the page were American Express, Santander, MoneyGram, Standart Chartered, SBI Group, Send Friend as well as SABB. On the Bank Asia LinkedIn profile page, there was a statement saying that the bank is working on the integration of the system of the bank and Ripple’s global payment solution since Spring 2018. The bank has an aim to join the network by Ripple through which numerous banks and other financial institutions are also interlinked. The main goal is to participate in a blockchain-based system that allows institutions to take part in quick international transactions.

Bank Asia, based on their web page, was established in 1999 and currently has over 2,200 employees as well as more than 100 bank branches. Bank Asia was worth almost 290 billion BDT (Bangladeshi Taka), which is the same as 3.4 billion USD by 2017.

Ripple Labs is increasing its influence over not only the cryptocurrency community but also the global financial system overall. Recently, Ripple also stepped into a partnership with the National Bank of Egypt. In order to learn more information on Ripple & XRP price shifts, check out Ripple Price updates as well as Ripple (XRP) Price Predictions.

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One Million EURO 2020 Tickets to be Distributed via Blockchain APP

UEFA EURO 2020 tickets will be distributed to fans via a new blockchain-based mobile app, official website of the Union of European Football Associations (UEFA) announced on 17 February.

As reported, UEFA will distribute around 1 million tickets across all 51 football matches via this new ticketing system, claiming that as UEFA EURO 2020 is the biggest EURO ever in terms of ticket demand, the app will make “entry into the stadium smooth, safe and secure.”

The intent of the new blockchain-based ticketing app is to prevent the duplication and replication of tickets by QR codes which will only be activated by Bluetooth once fans are near the stadium. Tickets will be delivered to fans no later than 7 days before the match. The application will be available for download in the end of May for Android and iOS.

“Fans will benefit from an improved fan experience as they can easily transfer their tickets to their guests using the app’s transfer function, which will facilitate their entry into the stadium,” UEFA writes.

Official website also states that all the fans who already bought EURO 2020 tickets during the December 2019 and later sales phases will get mobile tickets via the new EURO 2020 mobile ticketing system.

 

 

To get an information about Bitcoin and its price, have a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions to stay up to date with the latest price and crypto market movements.

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BITCOIN PRICE FALLS, BUT WILL RISE SOON

The first and biggest crypto asset on the market, Bitcoin (BTC), has recently experienced a major price crash, however, according to experts, this is not yet the end of Bitcoin’s new massive bull run. Bitcoin price fell below the rising wedge and the digital currency is declining towards the area of around 9,500 USD. It is not predictable whether Bitcoin will be able to sustain the price at the current level or whether the price will go downhill even more. However, this is for sure not the finishing line for crypto bulls.

The current crypto asset price shifts have been largely influenced by market manipulation and whales and this is also the case for Bitcoin’s price decline. Big moves in short periods of time are not natural in the digital asset market and have been artificially created which makes investment in that particular digital currency riskier than usual. These price shifts are created to improve the interest of investors as well as the general public in digital assets for personal gain.

The decline of the price of Bitcoin below the rising wedge has been expected for some time. At the same time, before the value of the first crypto asset experiences a significantly negative change, it will most likely go up. There is also a small possibility, according to traders, that Bitcoin might face long-term negative consequences after this rise.

Looking at the daily chart of BTC dominance, there is no sign that the currency is gaining back its place in the market soon. Despite the crash, Bitcoin has seen far fewer losses than the altcoins nowadays. Whales, as well as other crypto enthusiasts, are getting ready for the Bitcoin halving to earn their money.

 

For more information on the most popular digital currency, BTC and its price as well, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

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Participate in 2local IEO – get 30% bonus!

Participate in 2local IEO – get 30% bonus!

We are happy to announce that 2local IEO has begun on p2pb2b.io on February 11, 2020! Buy L2L tokens to get 30% bonus and contribute to the development of local sustainability and prosperity.

2local is an innovative blockchain powered loyalty platform that is tapping into banking to support sustainability and prosperity. It offers a smart marketplace to connect consumers and companies that produce local and sustainable goods and services.

2local offers unique cashback system, decentralized multi-currency digital wallets and the L2L coins are designed to rise in value, therefore creating prosperity for the 2local community members.

2local is happy to contribute to the growth of a better world, with the Sustainable Development Goals of the UN as the guideline. The company strives for thriving communities, a societal growth to include everyone, a sustainable world without malfunctioning of the monetary and economic system and prosperity for everyone worldwide.

Financial crisis, poverty and hunger, inequality, climate change, pressure on our ecosystems, decrease of biodiversity… The humankind is now facing a man-made crises that threaten people’s lives on this planet. To help overcome these serious problems, 2local combines three essential pillars:

 

• focus on local communities

• cashback system for local and sustainable products

• blockchain technology to make everything happen

 

Focus on local communities: Local and regional systems are best suited for achieving local sustainability. They help us reconsider our social and ecological values, develop relationships that reward quality and fairness and consider sovereignty and safety.

Cashback system for local and sustainable products: 2local cashback system is a try at reducing poverty and increasing global prosperity through compensating people, who buy local and sustainable products. 2local has a loyalty platform with cashback functionality, a marketplace that connects vendors and consumers, and a smart trading algorithm to ensure L2L coins are stable rising in value.

Blockchain technology: The 2local community uses blockchain technology to create sustainability and prosperity. Therefore the platform has its own blockchain with L2L as native coin. 2local blockchain is low energy consuming, ultrafast and has a highly secured consensus mechanism.

Building authentic blockchain 

The L2L tokens for the Initial Token Offering (ITO) are built on the Stellar blockchain. Stellar doesn’t use much energy for the consensus mechanism, which makes it suitable for the platform. 2local loyalty platform has a cashback functionality, which requires its own blockchain for collecting the 1% transfer fee. The low energy consuming, ultra-fast and highly secured dPoS is used as the consensus mechanism. Being fully ERC-721 compatible, other projects can easily build their own tokens on this blockchain.

More information about the 2local platform is available at the company’s website 2local and in the White Paper.

CONTACT:
Website: 2local
IEO: p2pb2b.io
Email: info@2local.io
Address: Netherlands, Beelaerts v Bloklandstr 3

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BitMEX XRP PRICE CRASH

A popular crypto asset exchange platform, BitMEX, has once again faced a backlash from users and the crypto community in general after a number of traders lost large amounts of their XRP digital assets due to a system crash of the platform. This crash took place on February 13 and as a result, the price of XRP compared to USD decreased by a whopping 60 percent and went from 0.33 USD to 0.13 USD for just a couple of seconds.

At the time of the crash on BitMEX, crypto asset traders made complaints as protective measures that were meant to work against liquidation were not successful and all balances of BitMEX were deleted by the platform. Great leverages were always offered by the BitMEX exchange. When it comes to XRP, traders had the ability to get leverages up to 50 times.

After the crash happened, BitMEX issued a statement that defended the platform saying that BitMex was operating perfectly fine. They also stated that they understand the annoyance that the crypto traders experienced in such cases.

At the time of writing, the price of XRP is once again 0.33 USD, which is the highest value of this digital currency in the last seven months recovering after the sudden price drop. Despite this huge price increase, traders experienced a lot of the negative consequences and it is hard for many traders to recover right now. A startup investor shared on Tweeter their opinion stating that what BitMEX is going is criminal since they are giving no compensation to the XRP traders. This crash only took place on the BitMEX exchange and there is no liquidity on the platform. Earlier in the month of February, BitMEX launched an XRP-based product on the platform.

 

Despite this incident, XRP, alongside with other crypto assets, is gaining traction. In order to learn more information on Ripple & XRP price, check out Ripple Price updates as well as Ripple (XRP) Price Predictions.

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SIMPLEX AND BINANCE PARTNERSHIP

With the intention of entering a number of local markets, Binance, a digital currency exchange that is based in Malta, added fifteen new crypto assets to their platforms after they entered a partnership with Simplex. Stablecoins based on traditional currencies such as the Korean won (KRW), the Polish zloty (PLN), the Australian dollar (AUD), the Swiss franc (CHF), and the African rand (ZAR) have been launched into the crypto world through Binance’s fiat-to-cryptocurrency trading network. On the other hand, there are also the Pound Sterling (GBP) and the Russian Ruble (RUB) that are supported by the Simplex network. The integration of Simplex with Binance has been officially confirmed and, according to developers, the new features will be fully functional in only a week’s time.

The new traditional currencies that have been integrated into the Binance network through Simplex will be paired with the main digital currencies on the exchange that are used by the crypto platform for base trading pairs. Some of these crypto assets are the three biggest ones in the market, which are Bitcoin (BTC), Ether (ETH) and XRP and the main traditional currencies include the United States dollar (USD) as well as the Nigerian naira (NGN).

The partnership of Binance with Simplex has been going on since the beginning of last year. This enabled consumers to purchase digital assets with the use of credit and debit cards with the United States dollar (USD), Canadian dollar (CAD), Euro (EUR) as well as the Japanese yen (JPY). The fee for the service is 3 percent with an additional 10 USD for under 200 USD purchases, it is cheaper than many other such services out there. Binance is increasing their influence worldwide by helping people trade in their traditional local currencies and crypto.

 

Meanwhile, Bitcoin along with Altcoins are seeing great advancements since the beginning of the new decade. For more information on the most prominent digital asset, BTC & its price as well, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

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GOOGLE SEARCHES ON BTC INCREASE BY 37%

There are numerous ways to evaluate the interest in a market and the interest of the public in the market. One of the best measurements of this is Google searches on this particular topic and searches regarding Bitcoin (BTC) on the platform have greatly increased recently. It has been shown by statistics that as the price of the first digital currency rises above 10,000 USD, the interest of the public towards Bitcoin exponentially rises.

Google searches display how much interest the market has at that point and this can quickly lead to FOMO (fear of missing out), which consequently results in price growth. During the past week, there was a 33 percent increase in Google searches of ‘Bitcoin’. After the crypto asset went above 10,000 USD, searches of the word Bitcoin peaked. However, we still do not know whether the interest of the general public in the largest crypto asset will pay off and the price will rise above 10,000 USD breaking the resistance level once again. Yesterday, we witnessed another price fall of Bitcoin, which is only natural during these bull runs. At the same time, today the digital currency quickly recovered and, at the time of writing, Bitcoin is trading at 10,117 USD.

Notably, the two significant price changes of Bitcoin took place at the same time as Google searches on Bitcoin spiked. This happened in December 2017, when Bitcoin almost hit 20,000 USD and in June 2019 when we saw a large price increase. Since the beginning of the new decade, there was a search increase of almost 40 percent regarding the first crypto asset around the world. It seems like interest in Bitcoin rises quickly after major price peaks, however, these are not very predictable.

 

The value of Bitcoin has been rising and will continue to do so in 2020. For more information & details on the most famous digital currency, BTC and its price as well, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

 

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ETHER PRICE CAN RISE TO $550 SOON

Ethereum (ETH) in the crypto community is known as the second largest crypto asset considering the trading volume and it is also considered the second best digital asset after Bitcoin. The price of Ethereum has been increasing since the beginning of 2020 and hit the 200 USD point on February 5 and, after that, in a span of 4 days, Ether reached 229 USD. Currently, the price of the Ether digital asset is around 220 USD. In the minds of a large number of crypto traders, Ethereum will start its rise once again in a short period of time.

 

Michael van de Poppe, a digital currency analyst, has been following the Ethereum price movements very closely like many other traders and analysts of crypto since the start of the new decade. Michael made a suggestion that Ether will soon begin to rise to the point of 251 USD if the price of the second largest digital asset stays above 212 USD.

CryptoWolf, a different crypto asset analyst as well as a trader has released a chart showing that if Ethereum breaks the closest resistance point, the value of the digital currency will exponentially rise. If this happens, according to the chart by CryptoWolf, the price will hit 553 USD if the right conditions are met. A different crypto trader stated on Twitter that the value of Ether will go in this direction reaching 525 USD.

According to reports by U.Today, Audius Music, an application based on the Ethereum network, not long ago appeared on the AppStore. The announcement was made by the official account of AppStore on Twitter that currently is followed by 4.5 million people. This Ethereum-based Decentral Application is in high competition with another Decentral Application controlled by the Tron system called VibraVid, which gives musicians the ability to be in direct contact with consumers and earn money.

 

Ethereum has been on a steady rise lately. To receive more information & details on Ether & its price, take a look at Ethereum Price updates and Ethereum Price Predictions.

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CENTRAL BANK MEETING IN APRIL

A number of Chief Executive Officers of different central bank have been considering organizing a meeting in April of 2020 in Washington DC in order to talk about common research regarding crypto assets. Based on a Nikkei statement, a number of spokespeople from Switzerland, Great Britain, Sweden, Japan, Canada as well as Europe are supposed to share their conclusions during the meeting that will take place in April in order to understand the potential of digital currencies created by countries.

The Bank of International Settlements (BIS) took it into their hands to organize the upcoming event. During the meeting, the representatives of central banks are supposed to have a conversation about digital assets and how they can improve the international payment system while at the same time keeping a focus on the security of using digital assets and on the adoption of certain policies in order to increase safety.

According to the deputy governor of the Central Bank of Japan, Nikkei Masazumi Wakatabe, it is an intuitive step for everyone to consider the improvement of international transactions and their level of convenience.  Based on CryptoGlobe, an official from the Central Bank of Japan made a statement saying that the institution is preparing for the rise of a digital version of the Japenese Yen. Despite this statement, the Bank officially said that the digital currency will not be released any time soon. The bank representatives that will attend this meeting have to release a report by June of this year and a final draft of the report in Fall.

Overall, cryptocurrency is gaining attention from not only private and institutional investors but also governments around the world. As the regulations on crypto assets improve we will most likely see a price and trading volume rise in the crypto space with Bitcoin in the front seat. For information & details on the most famous crypto asset, BTC and its price as well, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

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JED MCCALEB OWNS 5% OF XRP COINS

Whale Alert specializes in tracking large transactions in the crypto space and has recently begun analyzing Jed McCaleb, a very prominent person in the community as well as an XRP whale. McCaleb is famous for being the founder of the formerly popular crypto exchange Mt. Gox, co-founder of Ripple Labs and Stellar. The famous crypto enthusiast has been a concern of many XRP investors due to the fact that he is known to hold 9 billion XRP coins that he had received as compensation for working at Ripple Labs.

A large part of the digital assets he owned for some unknown reason was sent to Ripple. It is important to note that Jed McCaleb was the former Chief Technology Officer (CTO) of Ripple Labs, who has recently donated 140 billion XRP coins to a number of charities.

In a recent research, Whale Alert tracked a transfer of 8 billion digital assets to Ripple Labs from different accounts that belong to Jed McCaleb. When in May of 2014 Jed McCaleb for the first time brought up the idea of selling the company, his intention was to sell the company for 45 million USD.

The number of transactions that had been tracked showed the transfer of more than 1 billion XRP digital assets and the transfers took place mostly through the Bitstamp services. The average price of the transfers considering the price shifts from 2014 to 2019 was estimated at 135 million USD. The coins that Jed McCaleb held continue to be sold even now as during last month 19 million XRP coins were sold. The profits have been cashed out directly through Bitstamp. At the time of writing, almost 5 million XRP coins are owned by McCaleb, which is 5 percent of the total XRP assets.

 

To learn more information on Ripple & XRP price shifts, check out Ripple Price updates as well as Ripple (XRP) Price Predictions.

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ETHER PRICE GOES OVER $225

For the first time in 2020, the price of Ether (ETH) has risen to 225 USD beating Bitcoin as the market becomes even more bullish for Ether and the attention of investors is glued to this digital asset despite the losses from last year. At the time of publishing, Ethereum bulls are in the steering position.

When we consider the weekly chart, Ethereum has been at the same level as Bitcoin and it is also important to mention that looking at the technical side of things, Ethereum prices are beyond the 20 weeks moving average.  The trading volume, as well as the attitude of Ethereum investors, has also demonstrated the strength of the crypto asset recently. This notion is backed up by numerous tweets by crypto investors. A former hedge fund manager stated that even though crypto assets are very risky, however, the price changes have made him very positive for the crypto market. He especially highlighted the progress of Ether as well as Bitcoin and stated that once those two coins break the psychological barriers, the market will be ruled by bulls only.

Despite the price increases, there were also other milestones that Ethereum hit, finally, in over two years the value of Ethereum assets in DeFi applications hit the 1 billion USD mark. This is a very significant shift for the financial sector and it is only going to continue as the software we use improves.

A number of crypto investors believe that Ethereum will grow to become a reliable store of value such as gold, however, even more flexible. The demand of Ethereum is increasing and its price is aiming for 300 USD.

 

In order to receive more information & details on Ethereum & its price, take a look at Ethereum Price updates and Ethereum Price Predictions to stay up to day with the potential price and the movements of the market.

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Switzerland to Require ID for Crypto Operations Over $1K

Switzerland to Require ID for Crypto Operations Over $1K

 

The Swiss Financial Market Supervisory Authority (FINMA) passed an anti-money laundering provision on February 7. Considering laundering risks, the threshold for unidentified crypto-asset exchange operations is reduced for 5 times (from 5000 to 1000 CHF; around $1000 USD).

FINMA comes right after the adoption of the new Financial Services Act and Financial Institutions Act, which entered into force on January 1 of the current year. In regards to these acts, the aforementioned provision introduced the revised ordinance and is expected to hold a consultation on follow up regulation until April 9 of this year.

Swiss national regulations’ normalization with the Financial Action Task Force directives from June 2019 is named to be 1 of the main changes of the new provision. As it states, for unidentified crypto-asset exchange operations, a new max single operation limit of $1000 USD has been set by the international body.

According to new requirements, all financial providers, which are involved in crypto coins, must collect data on anyone who will make operations of more than $1,000 USD. In accordance with the press release, all the gathered data must be regularly submitted to the authorities for review.

This initiative is part of an international trend pushing for stricter anti-money laundering regulation. As its press release states, FINMA is “acknowledging the heightened money-laundering risks” in crypto operations.

 

For information & details regarding the first and most famous crypto asset, BTC and its price as well, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions to stay up to date with the potential price and crypto market movements.

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CORONAVIRUS AFFECTS ON BITCOIN MINING

As Coronavirus spreads and the epidemic worsens, Bitcoin mining farms in China are getting closed down by the local authorities with the intention of preventing the growth of the epidemic. The operator of BTC.Top, a Chinese Bitcoin Mining pool, Jiang Zhuoer, disclosed on a local microblogging website that the mining facilities of BTC.Top and a number of other ones are getting closed down by the police due to the health crisis in the country.

Jiang Zhuoer stated that a mining facility that he owned that was located in a remote suburb was forcefully shut down by the local police along with other facilities of this kind in the area. He added that he completely understands preventing people from going out, however, he could not grasp what was the meaning of shutting down the mining machines and how it would hinder the spread of the Coronavirus. Despite the fact that the exact location of the facility could not be verified, a number of commenters stated that the facility is located in a province far away from the city of Wuhan, which is the center of the epidemic.

Jiang Zhuoer also added that perhaps they were not the exception and other mining farms have also been shut down due to the outbreak. Yet, he also added that if the authorities continue this pattern many people will die not from the Coronavirus but from poverty. The economy of the country was significantly affected by the outbreak.

Bitcoin mining has been a large part of the Chinese economy, despite the fact that a couple of years ago the government had banned the trading of crypto assets. Around 65 percent of Bitcoin mining takes place in China. Despite the situation in China, the prices of Bitcoin, as well as the hash rate, have tremendously increased.

 

To learnmore information & details about BTC and its price, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions to stay up to date with the potential price and crypto market movements.

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Justin Sun and Warren Buffett Finally Met for a Dinner

 

Tron founder and CEO Justin Sun and CEO of Berkshire Hathaway and famous investor Warren Buffett finally had charity dinner in late January.

On January 23, Sun and Buffett met for a more than three-hour dinner in private nonprofit country club in Nebraska, in accordance with Bloomberg report. In the list of guests are mentioned names such as Litecoin Foundation CEO Charlie Lee, Huobi CFO Chris Lee, the head of the Binance Charity Foundation Helen Hai, as well as the CEO of eToro Yoni Assia.

Speaking about the dinner, Tron founder mentioned that it was an honor to have a dinner with Buffet. On his official Twitter account, he also thanked Buffet for support and advice on how to make Tron more successful.

Amazing dinner w/ @WarrenBuffett finally! Thx for your support & advice on how to take #TRON to the next level! Loved our talk on #Bitcoin, @Tesla & #TRON! Glad to support @GLIDEsf as well! C U at #BRK2020 & our reunion meal in 2030! Details below pic.twitter.com/tjulvv2C9k

— Justin Sun (@justinsuntron) February 6, 2020

A spokesman for Tron Ryan Dennis noted: “Justin’s approach to entrepreneurship, his outlook on investments and business, in general, have evolved since dining with Mr. Buffett.” According to his words, after the dinner, Tron founder is thinking about joining the Giving Pledge with Buffett and Bill Gates to donate the part of his property to charity.

It’s worth to mention that Justin Sun won a charity auction on eBay to have lunch with Warren Buffett in June of the previous year. His winning bid was around $4.5 million.

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ETHEREUM PRICE 9% INCREASE IN 24 HOURS

Ethereum (ETH), the second-largest digital currency in the market, has experienced a large price growth recently and has hit a point at which it has not been since September of last year. The currency has encountered the largest constant growth since the crypto price spikes in April of last year and eventually, the psychological barrier of 200 USD has been broken.

Based on Tradingview.com, a couple of hours ago Ether reached 207 USD, which is the highest value of the crypto asset in the last 19 weeks. Considering the last day, the Ethereum price has increased by nearly 9 percent as the strength of the currency’s price grows.

Compared to the beginning to January 2020, the price of Ethereum has earned an enormous growth of 58 percent outperforming both BTC as well as XRP, the first and third largest crypto assets, by a large percentage. There have also been gains in the markets of crypto products that have been heavily based on the Ethereum system and the interest rates are attracting the attention of a large number of investors to the Ether ecosystem.

Michael Novogratz of Galaxy Digital has noticed this shift and stated in a tweet that the higher prices of crypto have made him very bullish on the market. He specifically highlighted the growing prices of Ethereum as well as Bitcoin. He said that once Ether hits 200 USD and Bitcoin reaches the long-awaited 10,000 USD mark, the market will go up rapidly.

These two are extremely important price levels for the market and once both are achieved, the gains will increase exponentially. This is even more important for Ether as its current price is even now 86 percent less than the all-time high of ETH. All in all, the gains of the crypto market on the last day have been around 13 million USD with Altcoins being the leaders.

 

To receive more information & details on Ethereum & ETH price, check out Ethereum Price updates and Ethereum Price Predictions.

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INTERMEX AND RIPPLE PARTNERSHIP

The price of the third largest crypto asset in the market, Ripple’s XRP, has risen by 11 percent during the last day that enabled the digital asset to go over the 0.28 USD point for the first time this year.  At the same time, Ripple made a move to increase its influence in Latin American countries by establishing a new partnership with Intermex.

On February 4th, Ripple Labs, which is a blockchain company based in San Francisco, entered a partnership with Intermex, the leading payment company in Latin America that has over 100,000 spots. As a result of the partnership, Intermex now will have the opportunity to make payments that are quicker and more inexpensive to Mexico with the help of the RippleNet system that currently has more than 300 customers.

Even though it is vague if the partnership with Intermex influenced the price of XRP in any way, Josh Rager, a crypto trader, made the suggestion that the increase of Ripple’s XRP price to such heights was driven by BitMEX, when the crypto asset had a pair added with the USD on the exchange platform.

According to reports by U.Today, as the value of XRP increased by 8 percent, the other digital currencies in the TOP 10 by market cap were having price drops. After the extreme increase of the crypto price, XRP experienced another push upward and went above 0,28 USD. As the digital asset goes up, a number of crypto traders were following the price movements without committing to buying the currency. At the same time, a crypto analyst recently attracted attention to the fact that for the first time since March of last year Ripple’s XRP went over its 200-day price moving average.

 

To get more information on Ripple & XRP price shifts, have a look at Ripple Price updates as well as Ripple (XRP) Price Predictions to stay up-to-date with recent movements.

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BITCOIN PRICE PREDICTIONS

As Bitcoin’s price fails to stay above 9,600 USD, BTC enthusiasts are feeling disappointed. For the last three days, the price of the first digital currency has been going downhill as a big correction after a large spike. At this time, the value of Bitcoin is around 9,160 USD, the price has been going down by slightly over 1 percent on a daily basis recently. It is also worth noting that the number of accounts settled at 77 percent amongst divergence with the price shifts.

Regardless of the latest price shifts of Bitcoin in the crypto market, most of the people in the market voice their optimistic views of Bitcoin price and its future movements. A number of analysts say that technically the area between 8,000-9,000 USD as very important and will help to keep the market bullish provided that the price does not go down from that area.

Fundamentally, the upcoming Bitcoin halving, the fear of a new global recession, liquidity injections and the outbreak of the Coronavirus in Chini from the beginning of the year are perhaps some of the reasons for the recent Bitcoin price shifts. The Chief Executive Officer of financial services company deVere Group, Nigel Green, stated that Bitcoin is currently considered one of the safe-haven assets in difficult situations. He said that this was the reason why the Bitcoin price has been doing so well since the beginning of January of this year. According to crypto exchanges, as new users enter the cryptocurrency market, the volatility of digital assets is going to rise.

Technically, the support level for Bitcoin price is currently 9,000 USD based on psychological support. The next close level is 8,880 USD and after that, the price would crash down to 8,250 USD. On the upside, the price of BTC will rise drastically once it hits 9,600 USD.

 

To find out information & details about BTC and its price, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions to stay up to date with the potential price and crypto market movements.

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MORGAN CREEK CEO ON BITCOIN INVESTMENT

In the last decade, the first and largest crypto asset, Bitcoin (BTC) was considered the best asset for investment by the crypto news outlet. In addition, according to the Chief Executive Officer of Morgan Creek Capital, Mark Yusho, every successful investment portfolio should contain at least 1 percent of Bitcoin. These comments were made by Yusho in an interview on the Keiser Report with Max Keiser which was released on January 30, 2020.

Max Keiser also drew attention to the fact that the portfolios that did have a significant amount of Bitcoin performed 30 percent better than the ones that did not during the last 5 years. A large number of successful investors began using Bitcoin in the past 6 years after noticing the volatile nature of the digital currency and understanding how they could take advantage of the wide range of price shifts. As a result, a diversified portfolio containing Bitcoin provides advantages that portfolios with only traditional assets do not.

The highly volatile nature of Bitcoin is often thought to be an irrational risk for investors and that is one of the main reasons why many traditional investors have been so hesitant throughout the years to enter the ecosystem of digital assets. At the same time, volatility is what allows Bitcoin to be such a profitable investment and generate such great profit. Diversified portfolios also give the investor the least amount of risks compared to those that have only one type of asset. By applying traditional principles of diversification to the crypto market, investors achieve great results. In the future, it would be very profitable for investors to take advantage of assets such as Bitcoin that offer high returns and decrease risk by also investing in traditional assets.

 

The performance of Bitcoin has been dramatically improving as the next halving approaches. In order to find out information & details about BTC and its price, take a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions to stay up to date with the potential price and crypto market movements.

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GOLANCE CEO INTERVIEW ON RIPPLE

During an interview with Ripple Labs, the Chief Executive Officer of a freelance market company goLance, Micheal Brooks, discussed all the advantages of using the RippleNet payment protocol as well as the On-Demand Liquidity (ODL) service powered by XRP for the business in addition to their clients.

RippleNet is an international payment system by Ripple Labs with more than 300 financial institutions from over 40 countries worldwide as its users. Members of this network allows the users to make international payments that are quick, transparent as well as low-cost and can be executed using different currencies. Despite the fact that the On-Demand Liquidity service, that uses the company’s digital currency XRP for payments across different currencies, is not required to be used with RippleNet, it does improve the experience by decreasing the cost and time of the transactions. The members of the network, such as MoneyGram, and present On-Demand Liquidity users.

The Chief Executive Officer of goLance at the beginning of his interview with the crypto company stated that goLance is a firm for freelancers by freelancers. After that, Micheal Brooks explained how beneficial it was for them to use the RippleNet system along with On-Demand Liquidity and how it allowed to reach parts of the world where there is a lot of room for growth that face hardships while making payments.

He also gave a number of examples saying that people with low salaries in different parts of the world are not willing to pay a large portion of their salary to a bank that does the transfers hence why RippleNet is such a wonderful option with low fees and fast transactions. He added that we are moving away from transactions that can take place only while the banks are working and moving to a faster market.

 

To learn more information on Ripple & XRP price shifts, have a look at Ripple Price updates as well as Ripple (XRP) Price Predictions.

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