Daily, May 22, ’18

Daily, May 22, ’18

Argentina, Walmart, Chris Lee, TapJets, EOS, Pizza day

  • Argentinian bank Banco Masventas agreed with the Bitex crypto exchange for the implementation of cross-border transfers using bitcoin.
  • Walmart’s latest patent proposes a blockchain-based marketplace allowing a customer to register a purchase after he first purchased a product and specify an acceptable price for the resale of the goods.
  • Chris Lee, a former OKEx CEO, joined the competing Huobi exchange as the vice president of global development, a few days after he announced that he was leaving his job so that he could spend more time with his family.
  • The American airline TapJets will add the option of paying for tickets using the Ripple (XRP) and Litecoin (LTC) cryptocurrency. At the moment, TapJets accepts payment in Bitcoin.
  • EOS added a new feature: now each wallet will be assigned its unique twelve-digit name, which is stored in the blockchain and used to transfer transactions in it.
  • 8 years ago today, May 22, Laszlo Hanyecz agreed to pay 10,000 BTC for a pizza. #BitcoinPizzaDay on Twitter

BTC

3,987 USD
-0.30%

ETH

135.65 USD
-0.82%

XRP

0.3069 USD
-1.19%

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Santander Bank Gets Confused With XRP and Ripple

The recognized financial institution Santander announced on Twitter on March 23 that they are using XRP for international payments. Nonetheless, the bank confused Ripple with XRP. In another […] The post Santander Bank Gets Confused With XRP and Ripple appeared first on UseTheBitcoin.
Use The Bitcoin

4-Minute Ethereum Chart Analysis [March 2019]

Link to join Blockchain Education: http://pxlme.me/MtIHH9eo [The Professional Crypto Trading & Investing Group] Follow me on Twitter for daily crypto updates: https://twitter.com/OracleOfCrypto My personal choice for Charting/Technical Analysis Software: http://tradingview.go2cloud.org/SH1Gq My preferred website hosting service [$4/month]: http://bluehost.com/track/cryptooracle SAFE Binance Exchange Link [Best New Crypto Exchange]: https://www.binance.com/?ref=10119981 $10 FREE Coinbase Link when you sign up: https://www.coinbase.com/join/5627fec0298d8700720002a5 Ledger Nano S (where I store my BTC): https://www.ledgerwallet.com/r/6b6e Trezor Wallet (my first BTC backup): https://shop.trezor.io/?a=eAHHQy3J *Crypto Oracle is not a licensed crypto financial advisor. The information presented in this video is an opinion, and is not purported to be fact. Bitcoin is a volatile instrument and can move quickly in any direction. Crypto Oracle is not responsible for any trading loss incurred by following this advice
Crypto Oracle

Bitcoin Dominance Wanes In Crypto Recovery, But Researcher Says This Isn’t The Case

Recent reports seem to indicate that, believe it or not, Bitcoin (BTC)’s short-term prospects in this market are limited, as crypto analysts await the holy grail of trading sessions — the fabled “altseason.” With this phase of trading, analysts expect for Bitcoin’s hegemony over the broader industry to slip, as stakeholders flee to alternative digital assets in search of hefty profits. But a researcher claims that traders are getting this all wrong. Bitcoin Losing Steam To Other Crypto Assets? In recent weeks, cryptocurrencies, save for BTC, have posted stellar gains in and of themselves. Litecoin has rallied by 160% since its bottom in December, Cardano is up by 24% in the past weeks, and other assets are posting movements that resemble those seen in 2017’s rally. This price action, which has come seemingly straight out of left field, has depressed the Bitcoin market dominance reading, which has struggled ever since the parabolic rally seen over yesteryear. Sure, the reading has recovered from a 32% bottom to 50% where it stands now, but it’s a far cry from the 58% seen in late-2018. And some expect for this to continue, as they see much more value in blockchains not only known for being a store of value, like Bitcoin. Related Reading: Researcher: Bitcoin Will Easily Surpass Market Cap of Gold at $8 Trillion One trader going by the moniker “Galaxy” remarked that he wouldn’t be surprised Bitcoin’s share of the cryptocurrency space falls to under 30%, citing the weak dominance uptrend to claim that the impending altseason will relatively pummel BTC. No, Maybe Not JP Thor, a leading industry researcher & Bitcoin diehard, argued that no, CoinMarketCap and similar data aggregators are getting their readings all wrong (as normal), along with those commentators quipping that BTC is rapidly losing traction. In an extensive Medium post, titled “Bitcoin’s Market Dominance,” Thor remarked that the classical method of using market capitalization to weigh an asset’s dominance is flawed. I just published Bitcoin’s True Market Dominance https://t.co/Ikts82v19u — JP [ ₿] (@jpthor__) March 22, 2019 Thor remarks that if you take volume (liquidity) into account, which he did through aggregating 12 months of trading activity, Bitcoin is far from dead in the water. The researcher writes that Bitcoin’s dominance in the form of liquidity is actually well above the 50% gauged by market capitalization. In fact, Bitcoin has a consistent dominance reading of over 80%, which has only trended higher in this downturn. Ethereum, on the other hand, has a measly ~7%, while altcoins take up the rest of the proverbial pie.  And with that, it was concluded: “In fact, just taking into account the Top 5 coins, Bitcoin (the 20%) captures over 85% of the market… CoinMarketCap’s ‘Market Dominance’ is flawed since it does not factor in liquidity and the reported 55% is significantly understated.” Sentiment-wise, industry leaders seem to think that BTC will keep on this market for the rest of its lifespan. Phil Chen of HTC’s Exodus (crypto) division told NewsBTC that he thinks that Bitcoin is fundamentally the core of this industry, so it would thus be irrational to ignore it or cast it aside. Featured Image from Shutterstock Bitcoin Dominance Wanes In Crypto Recovery, But Researcher Says This Isn’t The Case was last modified: March 24th, 2019 by Nick ChongThe post Bitcoin Dominance Wanes In Crypto Recovery, But Researcher Says This Isn’t The Case appeared first on NewsBTC.
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