Crypto prediction platform is on the way, but how to predict new SEC 'sanctions' or investment fraud?

Crypto prediction platform is on the way, but how to predict new SEC 'sanctions' or investment fraud?

OKeX CEO is released, BTC goes to Washington, enforcement action by the SEC, Binance partners Malta, USA asks India to seize Bitconnect promoters' property, Nasdaq launches crypto analytics product, Ripple launches an open-source API, Lightyear acquires Chain and wash trade investigation

  • Lightyear acquires Chain and they will no longer function as independent companies as they have been rebranded under a joint name called Interstellar.

Bitcoin

BTC
Price
8,744 USD 0.38%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 USD
56%
Emission
84%

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Why This Bitcoin Price to $1,000 Prediction is Incredibly Unlikely

Bitcoin (BTC) has an almost 11-year history, and its price has always surprised by moves in either direction. But a slide back below $1,000 is at the far edge of most predictions right now, and may be the least probable scenario as we head towards the year end.  Bitcoin is Unpredictable Even in late 2019, with prices managing to retain long periods of stability, BTC investments should still be approached with caution. While crypto Twitter largely consists of perma-bulls and extravagant price predictions, there are also skeptics that warn that Bitcoin could be headed for an extreme move in the completely opposite direction. A renewed analysis about BTC sliding back under $1,000 has resurfaced, but it may be an overly fearsome prediction. Twitter user @ChonkyOne has issued a warning that a sub $1K Bitcoin is far from impossible, and that investors should not place too much faith in the leading crypto’s popularity. Never over expose yourself. I've been trying to preach this since the 10-14k range. I still expect that BTC has a LOT of shitting to do. & if you think sub $1k BTC is impossible you might be in for a rude awakening. Bottom line, keep your risk managed. https://t.co/D0xRZFXbx7 — The Chonky One (@ChonkyOne) October 20, 2019 The prediction mimics the overly pessimistic vision of Peter Schiff, whose recent over-zealous Bitcoin chart analysis saw a possible path below $2,000. The Bitcoin chart looks horrible. Not only does the flag that followed the recent breakdown project a move to $6K, but we are close to completing the right shoulder of a head and shoulders top, with a $14K head, and neck line just below $8K, that projects a collapse to below $2K! — Peter Schiff (@PeterSchiff) October 19, 2019 Back to 3 Figures? Really? The prediction of BTC under $1,000 has been repeated often, especially by Bitcoin bashers whenever prices have seen sudden drops. Once BTC reached above $1,000 in February 2017, it has not looked back to triple-digit levels. BTC is currently stagnant above $8,200, and it is uncertain how long this period of stability will continue. New bottoms at the $6,000 range, or lower, have been expected should a correction begin. However, in order to see BTC under $1,000, a far more significant disaster would have to happen than a simple price correction. In 2019, BTC sees increased institutional interest, with growth in wallets containing 1,000 BTC. There is the confidence that BTC is here to stay, despite the deep losses of past years. In any case, buyers would appear long before BTC broke to triple-digit prices. For Bitcoin price to break under $1,000, it would take a much deeper shakedown. Those levels are seen as a possibility only in the event that Tether (USDT) falters or is banned by a government. For now, the stablecoin is propping up most of BTC activity, and without it, fiat trading or other pairings would be insufficient to keep up trading activity and support these prices. BTC also finds support from the upcoming halving, with increased scarcity. The mining of new BTC is adding to the scarcity, while whales are reluctant to sell, and would hold onto the coins even if the price had a temporary dip. BTC also has a price discovery mechanism on several crypto-only and mainstream exchanges. Prices are set by a diversified group of investors, including mainstream finance buyers. Even temporary loss of trust would not be enough to push down prices. And while it’s good advice not to overextend, irrational fear may also be wrong when it comes to BTC price performance. What do you think about BTC falling below $1,000 again? Share your thoughts in the comments section below! Images via Shutterstock, Twitter @ChonkyOne @Peterschiff The post Why This Bitcoin Price to $1,000 Prediction is Incredibly Unlikely appeared first on Bitcoinist.com.
Bitcoinist

Ripple Adds New Energy To Its Regulatory Team, Joins The Blockchain Association

As a serious developer of blockchain-based solutions as well as the main supporter of XRP, Ripple has long taken initiative to keep the authorities in the loop all through its system development stages. Indeed, Ripple seems to have earned favor from within some top quarters in the US, something that came to light when the company was mentioned in good terms by the White House.  To position itself even more strategically, Ripple is now expanding its team of professionals tasked with navigating through the various regulatory issues brought up by the authorities. The company has also joined the Blockchain Association. The well-reputed Blockchain Association provides various technology leaders with a focused front for a unified voice in matters of policy and collaboration within the industry.  Industry Knowledge Is Important  Announcing the new developments in a post on Ripple’s official blog, the company’s CEO stressed that policymakers need to have enough information about the industry in order to contribute properly to its growth and continued expansion.  For this to happen, Ripple is now expanding its global regulatory team based out in Washington D.C. Ripple is indeed the first blockchain-focused company to have such an expansive team.  The Team  As announced by CEO Brad Garlinghouse in the blog post, the team will include new important members like Craig Phillips as new board member to provide strategic advice, Michelle Bond (a former senior executive at Bloomberg, SEC, and the US Senate Banking Committee), Susan Friedman as International Policy Counsel, and Ron Hammond to serve as Manager of Government Relations.  The Goal The main job for the members of this expansive Global Regulatory team is to streamline the sharing of knowledge, bridge the trust gap with policymakers and spot new viable opportunities for the company within the industry. The post Ripple Adds New Energy To Its Regulatory Team, Joins The Blockchain Association appeared first on ZyCrypto.
ZyCrypto

OKEx Reveals Partnership With 3 Blockchain Security Firms, Promises More Development In Coming Days

Cryptocurrency exchange, OKEx announced to its community that it has entered into partnerships with at least 3 blockchain firms. The news was made public by the exchange’s CEO, Jay Hao after tweeting about the new partnerships, making promises of several inbound developments at OKEx. OKEx Partners With Three Security Centered Blockchain Firms The popular cryptocurrency exchange, according to Jay Hao is on a development spree in which it plans to present a couple of use cases for its native cryptocurrency, OKBuild (OKB). The CEO also revealed the partnership his exchange platform has entered into with a few other blockchain firms, three among which are security centered establishments. Among the names already mentioned by Jay Hao are, Slowmist, Beosin, and Certik. So much to announce for $OKB this week! Other than the upcoming launch of #OKChain, we've just added numerous use cases for the @OKEx native token. I'll announce the first 3 here today, more to come this week!#OKBuild pic.twitter.com/NyW1106U0J — Jay Hao (@JayHao8) October 22, 2019 Slowmist is a blockchain establishment that focuses on cybersecurity. The cybersecurity firm entered into a partnership with OKEx and launched a “Security Vulnerability and Threat Intelligence Bounty Program.” According to arrangements, the highest level of rewards slated for the detection of a serious vulnerability in the bounty program can reach $10,000. Similarly, Beosin also focuses on blockchain security and was said to have provided its security services to over 1,000 blockchain projects. And Certik is the creator of the world’s first hacker-resistant system. Having conducted more than 200 audits, Certik was said to have secured up to $6.23 billion. OkChain In View The news comes amid anticipation of OKChain, OKEx’s native blockchain. According to the project’s whitepaper, “OKChain is a new blockchain network that fully supports state sharding and fast consensus. In OKChain, the entire network is divided into multiple shards, each shard maintains an independent ledger, and can handle conflict-free transactions in parallel; a fast consensus algorithm based on threshold signature is used in a shard, achieving efficient block production without forking.” OKEx has been up to a couple of developments lately. Early on in October, the exchange platform announced its intention of establishing a Self-Regulated Organization, SRO, an initiative that seeks the corporation of other crypto exchanges in order to standardize exchange practices and policies. Further, the exchange got featured and outranked bigger platforms like BitMEX and Binance on a list of “Top Futures Exchange By Trading Volume” rankings that appeared on a couple of platforms like Bloomberg at the time. The post OKEx Reveals Partnership With 3 Blockchain Security Firms, Promises More Development In Coming Days appeared first on Coingape.
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