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Co-Founder & CEO of BitMEX.

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Arthur Hayes Says Bitcoin is Society’s Best Hope for Private Electronic Money

The CEO of the cryptocurrency exchange and platform BitMEX said that Bitcoin is one of the best hopes for the society to have private digital money. The exchange is one of the most important trading platforms available in the market. He gave these comments in a blog post released on January 3. The blog post is titled ‘Two sides of the coin: the bifurcated near-future of money’ and it talks about how virtual currencies can change the future of money. According to Hayes, central bank digital currencies (CBDC) are going to play an important role in the future. He talked about one of the most popular applications used for payments WeChat Pay. This platform has been growing in China and it revolutionized the payment industry in the country. Using a simple application, users can pay for goods and services anywhere in the country. This is why he believes that these platforms are currently disrupting traditional fiat payments. However, these platforms know everything about individuals, what they buy, when they do it and more. These companies can link that data with other that was previously gathered or from other platforms. Indeed, the Chinese government is currently trying to create a social credit system with the information provided by these firms. This is why BitMEX CEO is worried about this issue and highlights the risks involved. He wrote about this: “At the same time, we’ve seen our governments in the West, when the spirit moves them, lean hard on our corporate friends to cough up our personal information. Unsurprisingly, the corporations tend to comply with these requests.” In general, corporations must comply with these requests if they want to keep offering services in these markets. This is why Bitcoin (BTC) and other virtual currencies are so important. Bitcoin works in a network that has independent and self-interested actors. Although addresses and transaction history are visible, it is not necessary to display sensitive information on these addresses. There are other cryptocurrencies such as Monero (XMR) or ZCash (ZEC) that offer even better anonymity features, taking care of users’ privacy. “[…] Bitcoin, or something like it, is perhaps society’s best hope for a private form of electronic money,” explained Hayes.
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Bitcoin Price Analysis: BTC Stall at $4,000, Arthur Hayes Bullish

Latest Bitcoin News At spot prices, Bitcoin may be facing resistance with some investors taking this reprieve to shed off their crypto holding after a year of steep declines. However, in the midst of this recovery, Mike Novogratz, the investor behind Galaxy Digital Holdings—a fund that ultimately plans to become a crypto friendly bank, is looking at the upsides. Arguing that blockchain is there for the long haul and early adopters are still a couple of times over and outperforming the S&P 500 and other indices, he is now plowing back, purchasing an additional 7.5 million ordinary shares pushing his ownership to 80 percent. If anything, this is a sign of confidence. Although the crypto influencer is adamant that prices will range before shooting, his investment is undoubtedly an endorsement. Meanwhile, the somewhat controversial CEO of BitMEX, Arthur Hayes, is drumming for Bitcoin arguing that “private citizens will come to appreciate the inherent value of Bitcoin, as their ability to discreetly hold and transfer value evaporates once cash goes the way of the dodo.”  As a censorship resistance and decentralized e-money that is powered by blockchain, Bitcoin has heralded a new era where “government after government will gradually make physical cash obsolete.” He summed it up by maintaining that: “In the face of the various centralizing forces currently being marshaled: humanity’s bifurcated monetary future will be better than our monopoly monetary past, as some money becomes more convenient while other money becomes far more private.” Bitcoin (BTC) Price Analysis Hayes’ optimism is yet to filter through as BTC is ranging below the all-important $4,500. Our previous BTC/USD trade plan is valid. Unless otherwise there are sharp gains above $4,100 and later $4,500, BTC is technically bearish. From the chart, there is hope for traders. But before we make bullish calls, note that losses between mid-Nov and early Dec 2018 are conspicuous and defining. As a result, it’s easy to see why recoveries of the last few days may be pullbacks. This position will be null once prices rally above $4,100 which in turn would set the ground for $4,500. If not and prices drop below Dec 28 lows at $3,700, it is likely that BTC will sink to $3,220 or lower. Overly, our BTC/USD Trade plan will be as follows: Buy: $4,100, $4,500 Stop: $3,700, $4,000 Target: $4,500, $6,000 All Charts Courtesy of Trading View 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. Bitcoin Price Analysis: BTC Stall at $4,000, Arthur Hayes Bullish was last modified: January 3rd, 2019 by Dalmas NgetichThe post Bitcoin Price Analysis: BTC Stall at $4,000, Arthur Hayes Bullish appeared first on NewsBTC.

Bitcoin Is “Society’s Best Hope for a Private Form of Electronic Money” Says Arthur Hayes

Arthur Hayes, CEO of crypto exchange platform BitMEX, recently said that Bitcoin is society’s best hope for a private form of money. The Seychelles-based BitMEX has risen to become one of the larger crypto trading and exchange platforms in the world. Its CEO, who is known to be bullish on the future of cryptocurrencies, has The post Bitcoin Is “Society’s Best Hope for a Private Form of Electronic Money” Says Arthur Hayes appeared first on CCN

Ethereum Price Down 10% – Arthur Hayes Believes ETH Will Return to $200 in a Year

After a day of no movement, cryptocurrency markets dropped another 5% come Thursday. Most coins are in the red at the time of writing including Ethereum which is down almost 10%. ETH price dropped sharply from $124 to the current $117 in a matter of an hour, not a pleasant sight to look at. As everybody is anticipating the New Year, trading volume is declining after the short bull run on Christmas eve. Though markets dropped quite a few percent, they are still above early December levels. Ethereum still has strong support at the $100 level, and the chance that it will test this support before the New Year is slim. Trading Room from twitter, confirms support is around the $105 level while resistance is around $160. The market momentum is still luckily bullish so further gains are possible. #Ethereum make it or break it On key support Next support 105-114 Upside Resistance 165-172 — Trading Room (@tradingroomapp) December 26, 2018 While Ethereum’s price can deviate slightly from the overall cryptocurrency trend, lately ETH has been following Bitcoin’s trend. As always, it is important to keep an eye on Bitcoin’s price as that will probably dictate ETH’s further movements. ETH News There aren’t any notable events that have happened recently regarding ETH. It is worth mentioning that Ethereum’s Co-Founder Joseph Lubin called the crypto bottom for 2018 on December 21st. There are only four more days left in the year to see if Lubin’s prediction is correct. I am calling the cryptobottom of 2018. This bottom is marked by an epic amount of fear, uncertainty, and doubt from our friends in the 4th and crypto-5th estates. — Joseph Lubin (@ethereumJoseph) December 21, 2018 So far he has been on track. ETH hit it’s lowest point in the year on December 15th when the price hit $83. In other news, BitMex CEO Arthur Hayes told Cointelegraph Japan that he believes ETH can return to the $200 levels once new ICOs come out. He believes that may take anywhere between a year and 18 months. He also mentioned how he believes that the regulation for the industry will become more strict. When speaking about STOs, Hayes said they are comparable to ETFs or SPVs (Special Purpose Entities). We are already seeing platforms that are working on ways to launch STOs. One that comes to mind is Polymath that created the ST-20 token standard on the Ethereum blockchain. Another platform is TokenIQ, which is an STO platform based on the Stellar network. Security Token Offerings might just be the next evolution of ICOs which can bring the more conservative investors to cryptocurrencies. After all, there is more credibility behind a certified security offering than a traditional ICO. Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency. The post Ethereum Price Down 10% – Arthur Hayes Believes ETH Will Return to $200 in a Year appeared first on NullTX.

Is Bitcoin Still an Experiment? BitMex CEO Arthur Hayes Thinks So

In a very interesting edition of the Unchained Podcast that you really need to hear, BitMex CEO Arthur Hayes made an interesting comment that he believes that Bitcoin is still an experiment. Arthur Hayes went onto state that he thinks the crypto-sphere is still relatively small and the jury is still out in regards to … Continued The post Is Bitcoin Still an Experiment? BitMex CEO Arthur Hayes Thinks So appeared first on CCN

BitMEX CEO Arthur Hayes Accurately Predicts Ethereum (ETH) Price to go Under $100 USD

Crypto market is on a freefall again and Ethereum’s price has reached its year low mark of $85. Arthur Hayes, the CEO of BitMEX, who has been skeptical of Ether before now has more reasons to be happy. In August, he had argued that Ethereum is a “shitcoin” whose price has been reinforced by initial coin offerings (ICOs) since at least early 2017. Most investments have come from Venture Capital firms (VCs), who he says will eventually succumb to the bear market and dump their ether and ERC-20 tokens at whatever price they can get. He wrote: “The VC investor who has never suffered the vagaries of the market is as green as the noob who thinks he or she can go from 1 to 100 Bitcoin in a few trading days. They don’t have the mental strength to cut positions to limit further losses, or back up the truck and buy opportune dips even though they are down. More importantly, LPs can now see an objective last price for a particular token, and can’t be hoodwinked. They will attempt to be a Monday morning quarterback, and that only adds to the VC investors’ anxiety. At a certain point, they go f*** it, and dump everything they can.” Earlier BitcoinExchangeGuide had reported that BitMEX was accused of manipulation of price of Ethereum. Arthur Hayes had told the customers of the exchange, which has leverage margins of 100x, to short ETH. According to the reports, he affirmed that “if you are a Bitcoin-based speculator, this is the perfect way to punt on the ETH/USD price” and has offered 50x leveraged ETH/USD perpetual swaps using only Bitcoin, in a way that people did not have to touch ETH or USD. However, many Ethereum supporters still maintain faith in the currency. Tom Lee had said at a conference in Asia that Bitcoin, XRP, and Ethereum are not going anywhere because of their mainstream adoption. Even ShapeShift CEO Eric Voorhes echoed the same sentiments. So what you’re also saying is that even after the sell off, Ethereum is still up 1,000% in two years. Hodlers are crying all the way to the bank… although they don’t need banks anymore, either. — Erik Voorhees (@ErikVoorhees) December 6, 2018
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Stellar Price Analysis: Grayscale Announces XLM Based Trust; XLM/USD Stuck Within Bearish Structure

Global digital asset management firm, Grayscale, has announced an investment vehicle based around XLM. XLM/USD is moving within the confinements of a bearish pattern structure, subject to a breakout south. XLM/USD has been subject to very narrow and choppy trading, which has been going on for the past eight sessions now. Price action is moving […] The post Stellar Price Analysis: Grayscale Announces XLM Based Trust; XLM/USD Stuck Within Bearish Structure appeared first on Hacked: Hacking Finance.

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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