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BTC Technical Analysis: Bitcoin ETFs A “Terrible” Idea Says Andreas M. Antonopoulos

On a weekly basis, Bitcoin prices are up one percent and in the weekly chart prices are moving inside a descending triangle with limits at $6,800 on the upside and $5,800 on the downside. On top of this, prices are consolidating in the daily chart within Aug 10 high lows. Either way, bears on in the forefront and unless otherwise there are surges below $5,800 last week’s price action might provide the necessary impetus to push prices above $7,000. Bitcoin (BTC) News Highlights According to Lou Kerner, the founder of CryptoOracle, a VC that invests in crypto startups, Bitcoin is functionally superior that Gold and is in fact a better store of value. This is not the first time such claims have surfaced in the crypto world. The Bitcoin core team has been lambasted from deviating from the real purpose of Bitcoin being a medium of exchange and in their effort of turning the most valuable coin into a store of value, opinion is divided. In his own view, Kerner says investors would over the long term shift their investment and store of value from Gold to the flagship digital asset. Furthermore, Kerner believes that the volatility we are currently seeing is common with new assets because it is still hard to price the asset and goes on to compare the growth of Amazon to Bitcoin which in its early stage was considered a bubble not worthy of investment. Unexpectedly, Andreas M. Antonopoulos, the famous Bitcoin advocate is against the idea of Bitcoin EFT. The subject of Bitcoin ETFs is a thrilling prospect for many Bitcoin investors who believe that should the SEC give the approving nod, millions of dollars will officially sink into Bitcoin and altcoins. However, in his view, Andreas thinks the idea is “terrible” and damaging to the whole ecosystem since the global nature of the market will undoubtedly open doors for market maker price manipulation. On top of that, investors wouldn’t enjoy any “responsibilities and rights” associated with owning the coin since they can at anytime invest in any Bitcoin related instrument without owning Bitcoins through custodians. Technical Analysis Weekly Chart Click here to see the full Bitcoin Weekly Chart by Trading View Regardless of recent buoying price action, buyers are yet to be convincingly in charge despite the one percent gain week over week gain. In our charts, we notice that prices are moving inside a descending triangle with main support zone in between June and August lows at $5,800 and $6,000 on the downside. On the upside, we have that resistance trend line connecting recent highs at $7,000 capping gains acting as our main resistance trend line. So, as clear from the chart, we shall retain a neutral to bearish stand cognizant of the fact that sellers could resume their eight-month trend should they build up enough momentum and clear our main support zone on the downside. Daily Chart Click here to see the full Bitcoin Daily Chart by Trading View At current spot rates, Bitcoin prices are oscillating within Aug 17 high lows and most importantly within Aug 13 inverted hammer. In any case, we need strong signals before initiating longs or shorts as mentioned above. What traders need is a break off from this consolidation following Aug 10 depreciation and while we suggest being neutral until key triggers are hit, it’s obvious that odds are stacked against buyers. Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.
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This week, the reddit community has calmed down a bit, but this does not mean that the passions have subsided, this means that everybody is waiting. But even at this moment they find something to talk about — for example, discuss the Jerry Chan video, or admire how the Bitcoin rate could be passed on the sound generator

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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
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BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
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Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
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