STELLAR 2019 ROUNDUP IS NOW RELEASED

The large crypto organization that was founded in 2014 and is behind, one of the biggest coins, XLM, the Stellar Development Foundation released a winter roundup for this year on December 28.

Denelle Dixon, the Executive Director and the Chief Executive Officer of Stellar Development, discussed all the accomplishments and the progress of the company in 2019. He mentioned that he expects the next year to be a breakout year for the Stellar network and the company in general. During the year, the Stellar exosystem experienced a great growth and the company made a point to concentrate on targeted distribution.

The company also held an event at Cloudfare recently during which they recapped this year as well as responded to questions from guests on the crypto ecosystem and the influence of legislation in the industry. In 2019, the new version of Horizon was released and a number of companies partnered with the Stellar Development Foundation to use XLM coins for their projects.

The CEO of the company was also a guest at a recent podcats episode during which he talked about the regulations in the crypto industry, the issues that the company faces and his experience collaborating with Jed McCaleb.

From his month it is also possible to book hotel rooms on Travala with Stellar and BitGo began supporting the XLM coin. In addition, this year for the first time the company hosted a Stellar conference with some of the participants being Satoshipay, BinanceX, Coinsquare, IBM World Wire as well as Rehive. Some of the employees gave presentations during the month of November and around the same time, Smart Volar began supporting Stellar.

On the other hand, along with the Stellar Development Foundation, Tron and ICON, MouseBelt released a Blockchain Education Alliance.

 

In order to learn more information about Stellar Lumens & its price, have a look at XLM Price updates as well as Stellar Lumen (XLM) Price Predictions.

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BRAD GARLINGHOUSE SHOCKING CRYPTO PREDICTIONS

“The Ripple Drop”, a show by Ripple Labs, just released a new episode during which the host asked employees of the company about crypto predictions for the next year. Brad Garlinghouse, the chief executive officer of Ripple Labs, started talking about his thoughts on the crypto industry in 2020.

Garlinghouse said that, in his opinion, next year will be the time for crypto coins to strengthen their positions in the sphere, even though last year, crypto assets were going through a hard time.

Garlinghouse stated that we are going to see the reinforcement of crypto coins in 2020. The number of crypto assets today is absurd and too much. 3,000+ is way too many cryptocurrencies and soon crypto investors will fully move to coins with higher quality.

He also stated that the number of cryptocurrencies will shrink and 99 percent of coins will disappear. During previous interviews, Garlinghouse said that only a smart portion of current crypto coins would have the ability to leap into the large market.

A different crypto enthusiast, Larry Cermak, also said that 95 percent of crypto coins don’t have any liquidity and 2 percent have extremely small liquidity.

Brad Garlinghouse did not only predict that most Altcoins would die, however, he also said that the largest traditional financial companies will start trading and holding crypto assets next year. This is a very bold prediction, considering that currently none of the largest banks own any crypto coins.

Ripple Labs, the US-based comapny founded in 2012, has also been in the news recently as its value reached 10 billion USD and the integration of XRP into different systems has been growing. In order to receive more information & details about Ripple & its price, take a look at Ripple Price updates as well as Ripple (XRP) Price Predictions. This will always keep you up-to-date in the crypto space.

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BEARISH TREND IS FINALLY BREAKING FOR BTC?

This year is going to end in just a couple of days and as 2020 approaches, Bitcoin (BTC) price is trying to break just under the 10,000 USD mark. Since the end of June 2019, Bitcoin has been struggling to break out of the bearish trend. Despite that, recently Bitcoin price has been having a successful run.

According to the daily charts, crypto traders should expect the first cryptocurrency to be more volatile than usual in the upcoming days. Bitcoin is currently in a range from where it could follow either a bullish or a bearish trend and it is not so clear where BTC is going. Some traders believe that if the price of Bitcoin falls in the current range, it is going to have a strong bounce back.

Looking at the current value of Bitcoin, it is extremely likely that BTC price will soon bounce over 7,400 USD that is presently the resistance that the coin has been facing throughout the past week. On the other hand, when we examine the last 6 hours, there are also signs of a short-term bullish movement. Reversal of this short downtrend might be right in front of us, according to Scott Melker, a crypto news outlet contributor. Moving averages have also shifted upwards during the last couple of hours.

However, even though Bitcoin is pushing upwards and might close the year on a positive note, it still need to push through some resistance levels to reach a good price. So the next bull market might be approaching sooner than we thought.

 

As Bitcoin halving is right around the corner, the interest around the first crypto asset’s price keeps growing. In order to find out more information & details on the largest crypto coin, Bitcoin and its price, have a look at Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

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IS ETHER GETTING SOLD TO KRAKEN?

Jeffrey Wilcke, the co-founder and main developer of the second-largest crypto coin, Ethereum (ETH), on December 25th, has allegedly sent 11,500,000 USD (92,000 ETH) to Kraken, a US-based cryptocurrency exchange company.

According to the crypto news outlet, Cointelegraph, the founder of Ethereum, Vitalik Buterin, might be planning to sell Ethereum coins worth 25,000,000 USD. However, Wilcke wrote a tweet that claims something different. In his tweet, Jeffrey Wilcke stated that he only needed money for a game that he created and he also mentioned that nothing goes unnoticed in the crypto community.

In addition to Ether, Wilcke is also apparently the co-founder of a racing video game company, Grid Games. He claimed that the money was needed for funding a new game.

Apart from Jeff’s tweets, it was shown that he had transferred 90,000 Ethers to the account of the Kraken exchange. A similar thing had happened in January 2016, when an account of Ethereum developers sent more than 400,000 Ether coins to a different address. From this time, this account had been moving funds to different accounts, yet, the movement stopped on the same day, December 25.

Even though this Ethereum address still has over 27,000,000 USD worth of coins, 90,000 crypto coins were moved to the account owned by the Kraken crypto exchange. A device that monitors and scans Ethereum transactions showed that the transfer was done from the same account that was involved in the transaction of January 2016.

In advance of Jeff Wilcke sending the coins to Kraken, Buterin revealed during a Podcast a couple of days ago that from selling 100,000,000 USD worth of Ether coins, the Ethereum Foundation made some good money during the all-time high of the coin in 2018.

 

In order to gain more information about Ethereum & ETH price, have a look at Ethereum Price updates as well as Ethereum Price Predictions.

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GOOGLE SEARCH AND BTC PRICE CORRELATION

During the past months, Bitcoin (BTC) price suddenly fell almost to 6,500 USD before which the value of the coin stably stayed over 8,000 USD for a significant amount of time. This was the lowest price of Bitcoin during the last 7 months after the downturn to 6,500 USD in May of this year. Interestingly enough, looking at Google trends we can clearly see that every time the interest around crypto coins increases on the platform, major price shifts occur.

Last month, the number of searches for the term ‘Bitcoin’ has been at its highest point since the end of October, when the first crypto coin moved above 9,200 USD. It is also important to note that most of the curiosity for Bitcoin came from developing African nations including Ghana and Nigeria, along with Switzerland and Austria.

According to statistics, Google searches related to BTC price were very active during major value movements. For instance, during June 2019 when the price moved from around 9,000 USD to 12,900 USD, Google searches went to a 12-month peak.

In the same way, Google searches for Bitcoin were peaking during May, July as well as the end of October, when Bitcoin price volatility was experiencing spikes. According to a crypto analyst from the Blockchain Today, stated that except this, the amount of money entering and moving from the crypto market can be also measured by the market capitalization of Tether (USDT). Looking at this measurement, we can clearly see that during the past couple of months not many funds were entering the crypto industry.

Yet, the most interesting part about Bitcoin searches on Google is the amount of traction that the coin has gained from developing countries. As a number of African countries battle with inflation many citizens are turning to cryptocurrencies as safe havens.

 

On the other hand, as Bitcoin halving is approaching, all the attention is turning towards this coin. To learn more about Bitcoin & BTC price, have a look at  Bitcoin Price updates as well as Bitcoin (BTC) Price Predictions.

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ETH AND XRP PAIRS ADDED TO BINANCE

Binance, one of the largest and most famous crypto exchanges, announced that new pairs with Ether (ETH) and XRP will soon be included in the platform. Binance, which is based in Malta, is adding fiat pairs with Teather (USDT), Ether (ETH), XRP. The fiat currency that will be paired with these coins is the Turkish Lira (TRY). On the other hand, Teather can now also be traded with another traditional currency, the Russian Ruble (RUB).

A year ago, in 2018, the platform also added Ripple’s crypto asset, XRP, as a central coin. The Turkish Lira was added to the exchange fairly recently, in November of this year, and became their latest traditional currency addition quickly becoming the most traded fiat by volume on the platform. Binance enabled its users to buy Bitcoin, Ethereum and XRP through Bitcoin by using Papara, a payment company based in Turkey.

Before the Turkish Lari, the platform added 5 other traditional currencies, one of which notably being The Euro (EUR). In 2019, Binance made huge steps to add government-controlled traditional currencies to the exchange platform. In addition to adding numerous fiat currencies to the platform, Binance additionally launched fiat exchange in different countries globally including Singapore as well as Uganda.

Despite its success around the world, Binance has been having trouble with the market in the United States. The company added a separate platform for US-based users, which was launched in September 2019 and is headed by Catherine Coley, a former Ripple employee. The binance.us has not gained as much attraction and clients as the regular Binance platform. The volume of the US version has not been meeting expectations and is clearly far behind its main competitor in the region, Coinbase.

 

Ethereum, being the second largest coin in the market, has been a favorite of many good crypto traders. In order to gain more information about Ethereum & Ether (ETH) price, check out at Ethereum Price updates and Ethereum Price Predictions. Stay in charge of the price movements and your crypto investments.

 

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BITPAY PAYMENT SERVICE CRASH

Bitpay, a Bitcoin payment service provider, officially confirmed that on the 22nd of December their platform was temporarily experiencing a Bitcoin (BTC) outage. Payments carried out with Bitcoin were halted for over three hours on the platform while Bitpay was attempting to get the transfer issues under control. This news was revealed by Bitpay Support through Twitter.

Previous to this announcement by Bitpay, users of the platform have already made statements about the issues that they were experiencing. Bitpay users were tweeting that the Bitcoin payment service was not working in several stores. A different Twitter user stated that although they enjoy the API data transfer service, he advised others to switch to a different Bitcoin payment platform because Bitpay is not working for many people.

This event happened 12 days after Bitpay added three more crypto assets now having six coins for their service; Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Paxos Standard Token (PAX), USD Coin (USDC) as well as Gemini Dollar (GUSD).

According to the company’s statistics, around the world more than 30,000 people use Bitpay. Even during 2018, when most crypto coins including Bitcoin were having a very hard time, Bitpay was growing as a company and the transactions on the platform reached 1 billion USD that year.

Bitpay was founded in 2011 in Georgia, US and has been in a number of controversies since the company’s launch. The crypto community began doubting Bitpay when the company began heavily pushing Bitcoin Cash (BCH) as an improved substitute of Bitcoin and the platform started having numerous technical and customer service issues, which resulted in them losing many large clients throughout the recent years.

 

In order to obtain more information on Bitcoin as well as Bitcoin price, take a look at Bitcoin Price updates and Bitcoin (BTC) Price Predictions. Be aware of the price shifts of the biggest crypto asset.

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