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Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if it overtakes gold.

Tyler Winklevoss, one of the first reported Bitcoin (BTC) billionaires and the co-founder of Gemini, believes the ultimate bull case for Bitcoin means reaching a target of $500,000.

The theory for a $500,000 long-term Bitcoin price is straightforward. Winklevoss believes Bitcoin could overtake gold as the global market’s leading safe-haven asset. 

Since the market capitalization of gold is estimated to be $9 trillion while Bitcoin is valued at around $200 billion, this could leave a 45-fold upside.

Does Bitcoin have what it takes to potentially overtake gold?

nves ... Read more »

Category: News | Views: 33 | Added by: danyagames2007 | Date: 31.08.2020 | Comments (0)

A forex exchange in Japan will start crypto CFD trading soon.

Japanese financial giant SBI Holdings is preparing to launch contract-for-difference, or CFD, trading for major cryptocurrencies.

Starting Aug. 31, SBI Holdings will start CFD trading service for crypto assets, including Bitcoin (BTC), Ether (ETH) and XRP, Cointelegraph Japan reported on Aug. 28.

As officially announced, the new service will be offered through SBI’s foreign exchange-focused arm, SBI FX Trade. The platform is accepting new account registrations immediately, the announcement notes.

The new trading offering will allow SBI clients to trade crypto CFD contracts against the Japanese yen and the U.S. dollar, enabling a total of six ne ... Read more »

Category: News | Views: 57 | Added by: rozhkovagency | Date: 31.08.2020 | Comments (0)

On September 4-6, Bitcoin Cash engineers will be holding the third annual developers’ conference dubbed “BCH Devcon III.” More than 30+ bitcoin cash ($8,300) will be available in prizes for winning teams who participate in the 72-hour hackathon.

Software developers are gearing up for the third annual hackathon, BCH Devcon III, an event that’s aimed at fueling Bitcoin Cash (BCH) development.

The event’s website explains that the community of programmers will gather for 72 non-stop hours of hacking and all the participants can compete for the top prizes.

Similarly to the voting process used in the past, BCH Devcon will leverage project votes from sponsors via the Simple Ledger Protocol. Addi ... Read more »

Category: News | Views: 48 | Added by: 4zvezda | Date: 31.08.2020 | Comments (0)

Most Japanese crypto traders may be leaving altcoins behind entirely

The vast majority of Japanese crypto traders who started getting into the market in the last year may be investing solely in Bitcoin.

According to data published on Aug. 19 from the Japan Virtual and Crypto Assets Exchange Association (JVCEA), Bitcoin’s dominance relative to altcoins in the Japanese market reached more than 87% in April. No other token accounted for more than 6% of monthly volume traded. In the same month, the number of active accounts for spot crypto trading in Japan increased by 13,987, an all-time high at the time.

“It seems like Japanese investors’ overall interest in altcoins has been shrinking over time relativ ... Read more »

Views: 78 | Added by: rozhkovagency | Date: 31.08.2020 | Comments (1)

The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners.

Bitcoin mining is becoming a massive industry and the competition continues to heat up across the world. News.Bitcoin.com has been recently reporting on how mining firms like Marathon Patent Group and Riot Blockchain have been spending millions of dollars on mining rigs manufactured by Microbt and Bitmain.

Meanwhile, the Bitcoin (BTC) network, in terms of hashrate, has also climbed to all-time highs at 130 exahash ... Read more »

Category: News | Views: 66 | Added by: rozhkovagency | Date: 31.08.2020 | Comments (0)

Akon has joined bitcoin entrepreneur Brock Pierce’s 2020 campaign to become the president of the United States. Akon will serve as the chief strategist for the Pierce campaign while building his “futuristic” Akon City in Senegal, Africa, that will be run on the akoin cryptocurrency.

Akon: The Chief Strategist for Brock Pierce’s 2020 Presidential Campaign

The two time Grammy Award-nominated artist and crypto entrepreneur Akon, whose full name is Aliaume Damala Badara Akon Thiam, has joined independent candidate Brock Pierce’s 2020 presidential campaign. Pierce, an early bitcoin adopter who founded Blockchain Capital and co-founded Tether, tweeted on Mo ... Read more »

Category: News | Views: 67 | Added by: danyagames2007 | Date: 31.08.2020 | Comments (0)

The number of bitcoin ads appearing in major newspapers is growing. The front page of Apple Daily, a major newspaper in Hong Kong, featured a “Bitcoin will never ditch you” ad this week. Bitcoin ads also recently appeared in leading Indian newspaper The Economic Times, the Financial Times, as well as on TV.

Bitcoin Ads in Major Newspapers

Bitcoin appeared on the entire front page of the Apple Daily newspaper in Hong Kong on Monday. Apple Daily was founded in 1995 by media tycoon Jimmy Lai, who was arrested on Aug. 10 by the Hong Kong police on charges of violating the new controversial national security law imposed by Beijing. A Reuters Institute poll conducted last year shows that App ... Read more »

Category: News | Views: 48 | Added by: danyagames2007 | Date: 31.08.2020 | Comments (0)

The U.S. Federal Reserve has announced a significant policy change to push up inflation. Bitcoin is set to greatly benefit from this policy change. Not only the price of bitcoin could surge past $500K, but a number of companies have also begun moving their reserves into the cryptocurrency to hedge against higher inflation.

Fed Officially Set to Push Up Inflation

The Federal Open Market Committee announced on Thursday significant changes to its policy strategy. The announcement coincides with Fed Chairman Jerome Powell’s speech to a virtual meeting of the annual Jackson Hole economic symposium.

All 17 top Fed officials agreed to a policy of “average inflation targeting,&r ... Read more »

Category: News | Views: 92 | Added by: danyagames2007 | Date: 31.08.2020 | Comments (0)

Why do we have to store our digital assets with hesitation? We’ve lost trust in many scam exchanges such as Wex, BITPoint… Maybe this is the right time to look for an exchange that doesn’t need us to deposit to trade.

DEC77 is an outstanding decentralized exchange built on Ethereum’s ERC777 platform. Using 0x protocol all ERC-20 tokens can be traded. DEC777 offers the most complete trading experience of all ERC-20 tokens listed. Once on-site, users can view trading pairs and the status of various order books, and the interface gives users the ability to set up market/limit orders. Like centralized exchanges, the order book is also updated in real-time, which means that matching buyers with sellers is relativel ... Read more »

Category: News | Views: 52 | Added by: danyagames2007 | Date: 30.08.2020 | Comments (0)

Blockchain tech-backed platforms are delivering the ability to access various markets in an easy and accessible way.

The price of Bitcoin (BTC) has recently shot up after months of stability. In April and May, trading prices came in between the narrow range of $9,000 and $10,000, with realized volatility falling to its lowest in three years by mid-July.

The speculation behind the price move has come amid economic uncertainty brought about by the COVID-19 outbreak, coinciding with record low-interest rates and an increasingly volatile stock market. The question is: Will the recent rebound in the cryptocurrency reflect the start of a price spike, which was last seen in 2017?

The recent Bitcoin surge has actually ... Read more »

Category: Analytics | Views: 92 | Added by: rozhkovagency | Date: 30.08.2020 | Comments (0)