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Bullish on Ethereum But $20,000 a Conservative Bitcoin Price Prediction for 2019, Andy Cheung of OKEx

While Bitcoin is crashing, Andy Cheung, head of operations at OKEx exchange predicts Bitcoin to hit higher than $20,000 next year. However, he is more bullish on Ethereum development which has its hard fork coming in January. Predicting a Big Year Ahead for Bitcoin & Ethereum Bitcoin is currently trading at about $3,400, down more than 82 percent from its all-time high (ATH) in December last year. However, Bitcoin bull, Andy Cheung, the head of operations at the second largest crypto exchange, OKEx is still extremely bullish on the leading cryptocurrency. Andy Cheung took to Twitter to share that the ongoing Bitcoin price crash is no big deal as Bitcoin has gone through even worse. According to his shared data shown below Bitcoin lost about 95 percent of its value in 2011 and 85 percent between the 2013-2015 time period. And this is making Cheung bullish on Bitcoin price as he writes, “Look at the percentage increase over the years. Above $20,000 seems already a conservative guess for 2019.” Just recently, Bloomberg reported that its Galaxy Crypto Index is in oversold territory based on GTI Global Strength Indicator. This indicator “measures the strength of the price by comparing individual upward or downward movements of successive closing values.” Last time, this indicator was oversold has been in late November when “it rallied about 20 percent.” Though a long term upward trend is unlikely to happen, a small relief rally could be in order. However, Cheung further mentions that he is more bullish on Ethereum which is currently trading at about $88, down more than 93 percent from its peak. “But personally, I am more optimistic at the development of ETH next year.” Next year, Ethereum has its hard fork coming in late January that could play in favour of the third largest cryptocurrency. Recently, CFTC that regulates derivatives shared in a statement that it is planning to seek public feedback on Ether. The questions asked by the agency revolves around the difference between the functionalities, compatibility, governance, and underlying technology of Ethereum and Bitcoin. A few months back, William Hinman, who runs corporation finance division of SEC said that he didn’t believe token was a security in its current form. This, according to Chris Concannon, president of Cboe marked as a clearance to a “key stumbling block for Ether futures.” The post Bullish on Ethereum But $20,000 a Conservative Bitcoin Price Prediction for 2019, Andy Cheung of OKEx appeared first on Coingape.

Davinci Jeremie Shares His Prediction After Stellar Track Record of Bitcoin Calls

Davinci Jeremie, Chilean software developer and little known Bitcoin guru, who has a stellar track record of Bitcoin calls is back.  Only As Good As Your Last Call If you’re sick of so-called experts, confidently calling the bottom of the bear market, only for the following week to wipe another [insert obscene amount of money here] off your portfolio… then perhaps you are listening to the wrong experts? Traders, pundits, gurus, seers, and other alleged diviners of the future are playing a numbers game. If enough of their predictions prove to be correct, they amass followers, devoted to their every word. Conversely, some bad calls can tarnish their reputation, and have everyone claiming that they, ‘always knew he/she was a blowhard’. Davinci Jeremie So, in the never-ending search for future predictions we can trust, maybe we should cast our net further afield. Perhaps even as far as Chilean software developer, and little known Bitcoin guru, Davinci Jeremie. On Point Since Bitcoin Was $1 Back in June 2011, Jeremie was running a YouTube channel discussing gold and silver investments. That’s when he introduced his audience to Bitcoin. At the time, Bitcoin price 00 was riding high at $9 a pop, although Jeremie had bought his first coin three months earlier for just $1. Whilst promoting the virtues of Bitcoin to his followers, he was also voicing concerns about its biggest exchange. Six months before the announcement of the Mt. Gox hack, Jeremie published a video in June 2013, advising his viewers: It is my opinion that you should abandon Mt. Gox. I would suggest you move out of it. Do the trade on the day and get out. Do not leave money in there. Boom And Bust After avoiding (and helping others to avoid) the biggest heist in the history of Bitcoin, Jeremie then rode the wave to the crest. But in December last year, just two weeks before Bitcoin peaked and the tide turned, he advised followers to cash out some of their profits, saying “You’d be a fool to not take some off the table.” So now 2018 has all but finished happening, what is Jeremie’s latest prediction? Well, as he says in a recent video: Anyone who thinks bitcoin’s going to zero doesn’t understand the system. You have the unique opportunity of your lifetime to get into bitcoins. Of course, if Bitcoin does go to zero then (through our tears) we can laugh about how we ‘always knew the guy was a jerk’. But until then, we can hope that ‘the guy’ maintains his run of prescience/luck, while we cross our fingers and wait for Bitcoin to go a lot higher. Does Davinci Jeremie know something we don’t? Share your thoughts below! Images courtesy of Shutterstock, Marketwatch The post Davinci Jeremie Shares His Prediction After Stellar Track Record of Bitcoin Calls appeared first on

Crypto 2019: Experts Predict Adoption But Also Losses

2018 was a thin harvest, but leaders of the crypto space are forecasting a bumper year in 2019. Leading executives at several blockchain startups expect adoption replacing speculation in the coming year, with regulatory clarity bringing in institutional players to create a stable market.  That said, some cautioned that the good harvest would only come after a harsh winter. Xinshu Dong, CEO of Zilliqa, a Singapore-based blockchain platform, expects cryptocurrencies to find use in a diverse range of use cases. There will also be the opportunity to find solutions for operational pain-points, such as scalability, he says. “We will see a wave of widespread use cases in 2019 as organizations looking to implement and develop blockchain applications become more focused,” Dong told Crypto Briefing via email. “[It] may indeed be the year we address the existing challenges, see traction for the technology beyond the testnet phase, and welcome many far-reaching dApps.” “So it is very likely that we will see some compelling use cases emerge,” he added. Institutional adoption Predictions at the start of 2018 had been particularly bullish. In a period of intense market euphoria, analysts were quick to forecast a trillion-dollar crypto market; Tom Lee from Fundstradt even predicted that Bitcoin (BTC) could trade for $25,000. Needless to say, that didn’t happen, and a series of slides took the market down by approximately 84%, at the time of writing. But price may not count for as much next year. “2018 has been a rollercoaster of a year for blockchain and crypto, with the focus being very much on market movements and the need for increased regulation in the space,” said Gabriele Giancola, CEO and Co-founder of qiibee, a blockchain-based loyalty project. “Moving into 2019, and further down the line, I believe we will begin to see a separation between hype and reality.” Many see 2019 as the year institutional players make their move. Max Kordek, co-founder and CEO of Lisk (LSK), a blockchain platform, said that technological progress will mean blockchain can be slowly accepted by big business and governments. He believed that increasing adoption will lead to a change in views;  cryptocurrency will be treated less like a pariah and more as an alternative asset. This was reflected by Craig Mc Gregor, CEO of the DSTOQ exchange, who argued cryptocurrency could become an ideal independent store of value. With greater regulatory clarity and a mature market, institutional investors could see cryptocurrencies as an ideal investment opportunity. “Investors are looking for alternative opportunities to make profits and need alternative asset classes. This is why, the new asset class and technology is an attractive opportunity,” Mc Gregor said. “We see many big projects form some of the biggest players in the pipeline and expect 2019 to be a major year for cryptocurrencies as well as blockchain in general.” Crypto 2019: It’s not all positive Many figures see cryptocurrencies moving from the generalized function of ‘one coin to rule them all’, to a more industry-specific utility. Roger Lim, head of NEO Global Capital, said sophisticated projects will begin to target specific industries. But he also said there would likely be a cull: “With competitiveness rising, the blockchain industry is bound to undergo some sort of consolidation and the projects best equipped with a “survival of the fittest” mentality are the most likely to succeed,” he said. Lim was not alone in emphasizing that the coming year will be mostly uphill. “Contrary to popular opinion, 2019 will not be about exciting new ways to use blockchains,” said Decred co-founder Jake Yocom-Piatt. “It will be about which cryptocurrencies get the fundamentals right, organize their collective intelligence, and can endure the gyrations induced by ignorant prospecting. Just like during the dot com bubble, endurance matters.” Some businesses are already suffering from the extended bear market; Binance halved its profit forecasts to $500m. As Crypto Briefing extensively reported, ETCDev – the core developer for Ethereum Classic (ETC) – ceased operations last week by keeping all its assets in virtual currencies. 2018 was a transformative year for cryptocurrencies. Expectations have been lowered but long term, this will be beneficial. The sector doesn’t need hubris; it needs tangible products. Otherwise, what’s the point? The author is invested in BTC, ZIL and NEO, which are mentioned in this article.  The post Crypto 2019: Experts Predict Adoption But Also Losses appeared first on Crypto Briefing.

Achtung Baby! Spafax CEO Predicts All Out Cyber Warfare and Military Deployment for 2019

Niall McBain, CEO of in-flight entertainment and passenger engagement company, Spafax, is predicting that the misuse of technology could take a dark turn in 2019, and is warning business leaders to be prepared to act… McBain Predicts The complexity of database relationships will be exploited on an unprecedented scale Trade and cyber warfare will expose increasingly interrelated databases and we will see the targeting of individuals by an increasing number of criminal gangs and autocratic and rogue states.   It will become a military issue Democratic governments will need to respond and defend citizens interests and we will see our first full-scale bloodless cyber war with the targeting of major infrastructure assets, public services and defence. Military resources will have to be deployed to defend trade and business. Traditional media will see a resurgence Rumours of the imminent demise of newspapers and mainstream news sources have been greatly exaggerated.  Traditional news organisations will experience a resurgence due to the demand for editorial integrity and security as well as improved digital management. Being savvy about what is possible will be key for business leaders Leaders of businesses and other organisations need to prepare and have contingency plans. It would be naïve to say that it is possible to entirely avoid all cyber wrongdoing, but if you want peace, prepare for war.  To conduct a business as if the danger doesn’t exist is irresponsible.  All companies should be acutely aware that in cyber space, we are rarely alone. The post Achtung Baby! Spafax CEO Predicts All Out Cyber Warfare and Military Deployment for 2019 appeared first on The Fintech Times.
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Trend Micro Predicts More Sophisticated Attacks Will Dominate 2019

Cybercriminals adapt tactics to prey upon evolving corporate technology environments Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global leader in cybersecurity solutions, today released its 2019 predictions report, warning that attackers will increase the effectiveness of proven attack methods by adding more sophisticated elements to take advantage of the changing technology landscape. The report, Mapping the Future: Dealing with Pervasive and Persistent Threats, highlights the growing threats faced by consumers and organizations that are exacerbated by the increasingly connected world. "As we head into 2019, organizations must understand the security implications of greater cloud adoption, converging IT and OT, and increasing remote working," said Greg Young, vice president of cybersecurity for Trend Micro. "Cybercriminals will continue to follow a winning formula – exploiting existing flaws, social engineering and stolen credentials – to drive profits. As both the corporate attack surface and unknown cyber threats increase, it's ...Full story available on

Crypto Lawyer Predicts How the SEC Will Settle VanEck/SolidX Bitcoin Trust ETF

For months, the SEC has debated whether to approve or deny one of the most promising bitcoin ETFs in the industry. With a final deadline set for February 27, one crypto lawyer has made a bold prediction about how the SEC will proceed. The VanEck/SolidX Bitcoin Trust ETF was first submitted for SEC approval earlier this summer. The exchange traded fund would hold real, physical bitcoin and cater to institutional investors. Some believe it has the best chance of being the world’s first bitcoin ETF. While the SEC has denied every other bitcoin ETF that has come across its desk, some believe this ETF is different. First, the SEC hasn’t flat-out denied this ETF like it has denied other ETFs. Instead, the SEC has delayed the decision on the VanEck/SolidX Bitcoin Trust ETF twice to date. With that in mind, government enforcement defense and securities litigation expert Jake Chervinsky (@jchervinsky) took to Twitter to explain where he feels the ETF is going next. Over a thread of 20 tweets, Chervinsky explains the SEC’s thought process and the likelihood of this ETF being the first bitcoin ETF approved by the regulator. “I Think the ETF is In Trouble” First, Chervinsky starts his thread with some bad news for the crypto community: “I’ll say this upfront: I think the ETF is in trouble.” Chervinsky adds that he thinks VanEck and SolidX “have done great work this year”, but he feels that the reasons for denying the ETF are out of their control. VanEck and SolidX have done everything in their power to create an effective investment product, but the same problems that have led the SEC to deny previous ETF proposals could lead them to deny this latest one: “When we last discussed the ETF on September 20, the SEC had just stated its “grounds for disapproval under consideration.” The goal of that step is for the SEC to explain all the reasons why it might deny the ETF so the sponsors & the public can respond to them all.” The most important concern from the SEC was regarding market manipulation. The SEC wanted to ensure that Cboe BZX, the exchange where the ETF would be listed, had a “surveillance-sharing agreement with a regulated market of significant size.” In other words, does the Cboe BZX exchange have a connection to an effective price discovery market. “I call this the most important question because it's the main issue that killed the Winklevoss ETF on appeal in July 2018 (after initial denial in March 2017). And the Winklevoss appeal denial is the most important SEC decision because it came straight from the Commissioners.” Exchanges Don’t Want to Provide Surveillance Info To the SEC The problem isn’t finding an exchange to provide surveillance to Cboe BZX. The problem is with finding an exchange willing to share surveillance info with the SEC: “The issue for ETF sponsors is that most crypto exchanges don't really want the SEC looking through their books. Some are blocking US IP addresses to stay outside SEC jurisdiction. It's hard to imagine those same exchanges agreeing to surveil their clients for the SEC.” Some of the world’s largest cryptocurrency exchanges actively block American IP addresses because of fears of regulatory backlash from the SEC. These exchanges provide some of the most effective price discovery in the bitcoin market. Unfortunately, they’re also unlikely to share data with the SEC. “If the Deadline Were Today, I’d Give the ETF a 10% Chance of Approval” Ultimately, Chervinsky’s 20 tweet thread boils down to one crucial point: “If the deadline were today, I’d give the ETF a 10% chance of approval. My prediction is based largely on the manipulation issue. I think the chance of ETF approval will go up over time as market structure continues to develop & more surveillance-sharing agreements are entered. The question is: how high can it go before the February 27 deadline?” Chervinsky’s tweets sum up one of the biggest issues preventing ETF approval: lack of effective price discovery mechanisms. Although these mechanisms will be built over time – say, by companies like Bakkt – it seems increasingly unlikely they will be in place before the February 27 deadline. For all of these reasons, Chervinsky feels it’s unlikely that the SEC is preparing to approve the VanEck/SolidX Bitcoin Trust ETF. Ultimately, the final deadline for the VanEck/SolidX Bitcoin Trust ETF has been set for February 27, 2019. The SEC can delay the decision on the ETF no longer: it must make a decision on or before that date. Chervinsky doesn’t seem optimistic – although even he feels there’s a 1 in 10 chance the ETF gets approved.
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YouTuber’s Video Resurfaces of His Bitcoin Revolution Prediction in 2011 When BTC Was $1

In the early days, bitcoin was a niche tech toy with limited value. Few people predicted that bitcoin would rise to an all time high of $20,000, and even fewer people predicted that bitcoin would disrupt the global financial system. One of those early believers, however, is now getting the recognition he deserves. As spotted by Redditor MATURBO, a YouTuber named Davincij15 predicted the rise of bitcoin all the way back in 2011. At that time, bitcoin was sitting at a price of just $1 USD. There were limited software programs that allowed you to access bitcoin, and the protocol was clunky to use for anyone without decent tech skills. Despite these shortcomings, Davincij15 recognized the potential in bitcoin. Redditor MATURBO dug through the YouTube archives from 2011 and discovered a video where Davincij15 spoke excitedly about the new payment protocol. In the video, Davincij15 describes how bitcoin was going to permanently change the worlds of internet and finance. Davincij15 apparently discovered bitcoin after reading an article on the then-two-year-old payment technology. That article contained a link to InstaWallet, allowing readers to send money directly to the article author. Davincij15 was amazed at the ease at which he was able to send the money. He also enthused at the concept of sending money without centralized authorities like PayPal cutting away hefty commissions. The 3.5 minute video was uploaded to Davincij15’s YouTube channel, which had previously been dedicated to talking about gold and silver. “I know that you probably don’t want to hear this on my silver channel,” explains Davincij15. “But I have to point out this amazing stuff.” “I went to InstaWallet. It’s a link on the web that allows you to store bitcoin. I was able to copy it, copy his link on my iPad, and paste it into my InstaWallet, and send him money instantly.” “I didn’t have to pull out my credit card. I didn’t have to type in my address, remember my postal code. It was instant, it was fast, there were no middle man taking a cut, a 3% cut or more, of his money that I sent him. It was just smooth and easy.” “I don’t know how you don’t see that this is a new powerful currency that will change the landscape of the internet and probably the rest of the world.” Today, Davincij15’s words seem basic: we know that it’s easy to send bitcoin online and we know the technology has the potential to disrupt the world. But keep in mind that bitcoin was less than $1 when he was speaking these words, and that few people had heard about the cryptocurrency at the time. That’s why Davincij15’s words are significant. This is the Same Guy Who Urged Users to Remove Bitcoin from Mt. Gox Interestingly, Davincij15’s Nostradamus-like abilities don’t stop there. As spotted by Redditor mazinger-B, this is the same guy who warned people to remove their bitcoin from Mt. Gox. On June 26, 2013, davincij15 urged users to withdraw bitcoins from Mt. Gox. At the time, nobody really know what was going on with Mt. Gox. However, the exchange – the largest exchange in the world at the time – had recently stopped accepting wire transfers from Citibank. Davincij15 cited a news article claiming that Citibank was stopping transfers to Mt. Gox. Davincij15 saw this as a sign of the end and urged users to withdraw bitcoins from the exchange. We know what happened next: Mt. Gox collapsed. Users lost funds. The exchange had been insolvent for months. Various hacks had drained Mt. Gox’s reserves. It was one of the biggest disasters in bitcoin history – and Davincij15 apparently avoided it. …And the Same Guy Who Urged Users to Sell Bitcoin in December 2017 The prophetic calls continue for Davincij15. In December 2017, Davincij15 was one of a handful of bitcoin users urging investors to book their profits and avoid buying bitcoin at its current price. You can see his video warning users of the December 2017 bubble here. The video was spotted by seomit on Reddit. It was posted on December 4, 2017. We all know what happened next: bitcoin’s price peaked at just below $20,000. Anyone who sold in December 2017 was selling bitcoin at the top of the market. Today, bitcoin is sitting at a price of around $3,200. For those keeping track of Davincij15’s predictions, he’s still making them: last week, Davincij15 claimed that bitcoin will go a lot higher from its current price. Davincij15 has nailed three separate predictions almost perfectly: could he be right this time too?
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Tron’s Justin Sun Predicts The TRX Surge of 500% in Dapp Activities on the Network

Over the latter months of 2018, it's been the collective effort within the investment world to get rid of the downwards trend that cryptocurrencies have been enduring. The problem is that this bearish market continues to push ahead with attempts to ease and stop it proving more than a challenge. And while it's been a broader initiative by investors, there's no such thing as a coin that hasn't, in some way, been impacted. This downward trend, or what we could regard as a drastic bearish swipe, has impacted a large number of coins, including the most prominent ones such as Ethereum (ETH), Ripple (XRP), Monero (XMR) and TRON (TRX). While these have all been undergoing some serious declines, compared to its larger cousins, TRON has proven itself highly adaptive, as well as having the potential to recover very quickly when compared to other coins. The CEO and founder of the TRON foundation, Justin Sun, has stated that he wants to keep eyes fixed on the continued evolution of its network, in spite of any downwards trends in the market. In order to redress this point, Sun announced one of the proposed plans dubbed ‘Proposal Seven' during late November. This initiative has its aim at increasing the energy limit within the network, as well as improving the level of support given to developers. While introduced very recently, Proposal Seven has since undergone the approval of more than 28 of the networks judging bodies: the Super Representatives, and has faced no recorded opposition from SR's. Among those that voted in approval are: BitGuild, dAppHouse, TheLastMe, TronSpark, TronAllianc, Alle-Exchange, Lianjinshu, JustinSunTron among a large number of other Super Representatives yet to declare. In the wake of recieving these votes, Justin Sun made the following statement through his Twitter account: “Proposal 7 is approved by #TRON community. We will expect 500% increase of #DApp activities after the activation of Proposal 7. #TRX $TRX” The Super Representatives themselves have a firm reputation within the Tron network due to the crucial role they play as processors of transactions and information, but also as representatives for their voters. Those that hold any number of TRX, the token native to the network, are able to vote for the candidates that they prefer.  Whoever wins sufficient votes will be able to play the role of validator within the network and govern the ecosystem . to some degree. These same Super Representatives are then entrusted with the duty of initiating the elements of the Tron Virtual Machine (TVM). To being, each of these representatives is required to make proposals for the activation of particular features. After doing so, other Representatives will then be able to confirm the proposal based on a number of different factors. From there, this feature will go on to be activated on the Virtual Machine, but this will only happen once it's been passed by a 2/3rds majority of the SRs and within a time span of three days. Should the proposal is passed by less than this number, then it will be considered to be as invalid, and the feature will then have to wait longer until it can be activated or is proposed by another representative. Nopumpnodump, a Twitterati said: “Thats how other developers should do even in the bear market.” Adam, another Twitterati said: “This will bring some well deserved ovrr due organic grownth imo! #TRX”
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Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near

The Bitcoin price could “bottom” at $2500 in January 2019, BTCC co-founder Bobby Lee has forecast in his latest prediction which many traders already consider too optimistic. Lee: Bitcoin Price Under $2K ‘Very Surprising’ On the back of an ongoing social media poll involving almost 5000 participants, Lee, who is becoming increasingly known for his bullish price predictions, said “a lot of buy orders and support” would keep Bitcoin above $2000. “I’ll be very surprised if it ever hits $2,000 again,” he wrote December 8. I suspect there will be a lot of buy orders and support at both $3,000 and $2,500 mark. We will see! Despite a previous flurry of prophecies claiming the Bitcoin price would reverse its bear market to reach significant levels before the end of the year, markets have so far failed to do so. How Low Is Low Enough? The past week has seen the largest cryptocurrency fall to new lows not seen since September 2017, the current local ‘bottom’ appearing Friday at $3220. Now, attention is focusing on Bitcoin’s bear cycle having similar characteristics to its previous one, which Lee notes saw BTC/USD 00 drop 87 percent from $1200 to $150 between December 2013 and January 2015. “Now from Dec 2017 high of $20,000, going down 87% would take it to $2,500. So maybe bottom out in Jan 2019?” he quizzed his audience. Respondents appeared unconvinced. At press time, the most popular answer to the survey with 39 percent of votes claimed that Bitcoin would fall further and that this would last beyond next month. Through its current performance, the Bitcoin price is on the way to mimicking the ‘Outrageous Prediction’ made by pro-crypto Saxo Bank for 2018. At a time when crypto markets were all beating all-time highs, analysts at Saxo decided a joint effort from the Russian and Chinese governments would take Bitcoin down to just $1000. “After its spectacular peak in 2018, Bitcoin crashes and limps into 2019 close to its fundamental ‘production cost” of $1,000,’ they concluded. You can check out the latest Bitcoin price analysis from Bitcoinist here. Do you agree with Bobby Lee’s Bitcoin price prediction? Let us know in the comments below! Images courtesy of Shutterstock The post Bobby Lee Predicts $2.5K Bitcoin Price Bottom As 15-Month Lows Near appeared first on
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Prosecutors Call for Ten Year Jail Term for Karpeles Over Mt. Gox Embezzlement

Mark Karpeles, the CEO of Mt Gox, is currently being accused of embezzlement by Japanese authorities. The prosecutors of the court case are seeking a 10-year sentence for the ex-CEO, which commanded the now-defunct Mt Gox exchange. This comes in the midst of the extension announced for civil rehabilitation claims. Japanese prosecutors say as much by alleging that Mark Karpeles's actions "played a great role in totally destroying the confidence of Bitcoin users. The actions in question are that he allegedly embezzled a total of 341 million yen (US$3 million) of customer funds from the Mt Gox account, moving it to his personal account between September and December 2013, while padding the numbers on his company's trading system to cover up the loss. Karpeles has sworn his innocence and says the money, moved in the last four months of 2013, was meant to serve as only a temporary loan. He also argued, earlier in the trial, that the funds in question did not belong to clients but were his now-defunct company’s revenue. In response to the former CEO’s statement, the prosecutors at the court said: There was no documentation of loans, and there was no intention of paying back the money. The prosecutors went further to demand a harsh sentence for Karpelès. According to the Japanese prosecutors, the Mt. Gox Chief betrayed his clients’ confidence and misused most of their funds. The ex-CEO is currently confined to Japan as a condition of his bail and has been answering in freedom. He has often protested his innocence and publicly appealed to the industry. It remains unknown when the trail will conclude, the publication added.

Tezos [XTZ] Story – XTZ and Waves Highest Gainers

As many crypto enthusiasts have started to notice, there is a slight attempt by the bulls to get Bitcoin – BTC against the US Dollar up back on its feet. Read: Bitcoin (BTC) Price Analysis: Are Bulls Back on Their Feet? Bitcoin bull Mike Novogratz insists that bitcoin won’t fall to the $80 level despite signs that the bear market could persist. In an interview with Bloomberg, he reiterated that bitcoin will become digital gold and that revolutions don’t happen overnight. If the supportive trend line starts to gain momentum and hold-off any waves of bears that tend to tank the value downward, a ripple-effect could present itself impacting all following altcoins as the pioneer cryptocoin always does. Among the top 20, the highest gainer in the last 24-hours without a doubt is Tezos [XTS]. Per time of writing, the pair XTS/USD is changing hands at $0.4197 – marking an increase of 13.23%. Source: coinmarketcap Tezos for starters – During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018. #Breaking @millervalue #ValueInvesting #Crypto #Bitcoin #Cryptocurrency project #Tezos to launch main #network next week:… — John M. Spallanzani (@JohnSpall247) September 14, 2018 What is Tezos (XTZ)? Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus – there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification – Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance – all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. – Via Kraken’s blog post – Kraken Listing XTZ Blog Post Right on its tail is Waves which is welcoming a daily price hoist of 10.01% against the US Dollar reaching the mark of $1.85. Its beginning of December price surge as it seems is still continuing. The reason for this trend was the recent announcement of the release of a significant update to the mobile wallet. We are excited to announce a long-awaited update of the #Waves Mobile app! Deposit, store and withdraw your #crypto securely, trade your assets on DEX, lease your $WAVES — everything is now available right on your smartphone! Read more about it here: — Waves Platform (@wavesplatform) December 3, 2018 The post Tezos [XTZ] Story – XTZ and Waves Highest Gainers appeared first on Ethereum World News.
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