Bitcoin – AtoZcrypto https://atozcrypto.org Wed, 08 Jul 2020 16:10:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.4 https://atozcrypto.org/wp-content/uploads/2018/01/cropped-AtoZ-32x32.jpg Bitcoin – AtoZcrypto https://atozcrypto.org 32 32 Lo and Behold, AQUAnite, Hottest Crypto Launch Since Facebook Libra https://atozcrypto.org/lo-and-behold-aquanite-hottest-crypto-launch-since-facebook-libra/ https://atozcrypto.org/lo-and-behold-aquanite-hottest-crypto-launch-since-facebook-libra/#respond Wed, 08 Jul 2020 16:10:22 +0000 https://atozcrypto.org/?p=3981 Sunday, June 21, 2020 10:00 AM EST LONDON, UK / ACCESSWIRE / June 21, 2020 / Facebook shook the world on the initial release of the Libra Association white paper in June 2019. The tech giant’s ambitious plan for a global digital Libra payment system built on blockchain has since scaled down as announced on 16th April 2020. …

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Sunday, June 21, 2020 10:00 AM EST

LONDON, UK / ACCESSWIRE / June 21, 2020 / Facebook shook the world on the initial release of the Libra Association white paper in June 2019. The tech giant’s ambitious plan for a global digital Libra payment system built on blockchain has since scaled down as announced on 16th April 2020.

This is reminiscent of what cryptocurrency as an industry represents since Bitcoin stormed the world in 2016. Lofty promises to gain recognition and interest, before scaling down to manage expectations. Libra is just one amongst other high-profile alt coins like EOS.

In the highly volatile cryptocurrency world, the spotlight is often the promises and declaration of intent at start, to drive interest and ultimately funding. However, the fundamental utility of the coin is the true determining factor of the longevity of the coin. A quick look through Coinmarketcap will tell you many stories of previously listed major coins like IOTA’s fall from grace.

Jubilee Group, a Fintech company that blazes the trail, has just announced their surprise move to launch their own cryptocurrency, AQUAnite (AQN) via their subsidiary AQUA Labs. Jubilee Group sensational ascendency in the past 2 years is testament to their grit, tenacity and robust fundamentals. Their habit of under-promising and over-delivering has contributed to their remarkable growth. It is a refreshing change of pace in an otherwise reversed scenario in the financial world.

Since the announcement of AQUAnite, the anticipation has run wild. There appears to be little information available at the moment but what is clear is that their devoted fans will get an exclusive early phase pre-ICO subscription bonus. Click Here to create a FREE account.

AQUA Labs official sources have confirmed that AQUAnite will play a huge role with improved utility in their future developments especially into SaaS (Software as a Service). For the moment being, all clients will still get to enjoy sizable savings and discounts by using AQUAnite day to day on Jubilee Group’s platform.

AQUAnite users can also look forward to preferential access on new launches from the group in the future, with SaaS arbitrage software in development phase across as much as up to 7 industries (Cryptocurrency, Commodities, Sports, Equity Securities, Debt Securities, Derivatives and FX)! Click Here to create a FREE account!

With their tradition of exceeding expectations, the spotlight is firmly on Jubilee Group and what they might surprise the world with next.

About Jubilee Ace

Founded in the British Virgin Islands in 2018 with a paid-up capital of US$50 million, Jubilee Ace is an advanced data analysis company that specializes in multi-sector arbitrage opportunities on a global scale. The company started with traditional commodities trading arbitrage on exchanges before venturing into sports and cryptocurrency arbitraging. The company extracts and refines data, transforming these into monetizable strategies and actionable market decisions. Jubilee Ace utilizes several real-time technologies that provide both new and experienced traders a fresh perspective on growing their portfolios through low-risk investments across various sectors. A strong focus on data and technology advancement enables portfolio clients to be assured their finances are in capable hands. click here to create a FREE account

Media contact

Mansion Greenwood
media@jubileeace.com

SOURCE: Jubilee Ace

Click here to create a FREE account here

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Bitcoin could reach $20,000 this year, says Bloomberg strategist https://atozcrypto.org/bitcoin-could-reach-20000-this-year-says-bloomberg-strategist/ https://atozcrypto.org/bitcoin-could-reach-20000-this-year-says-bloomberg-strategist/#respond Mon, 08 Jun 2020 14:12:25 +0000 https://atozcrypto.org/?p=3974 Quick Take Bloomberg Intelligence strategist Mike McGlone expects bitcoin to reach $20,000 this year McGlone said both technical and fundamental factors are supporting that view  The strategist also expects Tether to surpass ether in terms of market share Bitcoin is expected to continue rising and reach $20,000 this year, according to Bloomberg Intelligence’s senior commodity …

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Quick Take

  • Bloomberg Intelligence strategist Mike McGlone expects bitcoin to reach $20,000 this year
  • McGlone said both technical and fundamental factors are supporting that view
  •  The strategist also expects Tether to surpass ether in terms of market share

Bitcoin is expected to continue rising and reach $20,000 this year, according to Bloomberg Intelligence’s senior commodity strategist Mike McGlone.

Both technical and fundamental factors are “increasingly favorable” for bitcoin, McGlone said in a new report published on Wednesday. Some of these factors include bitcoin’s maturity against other investment options, rising futures open interest and more buy-and-hold interest from institutional investors.

McGlone said, “something needs to go really wrong for bitcoin to not appreciate.” He expects bitcoin to even possibly touch $28,000.

“Bitcoin ended 2019 at about $7,000, near the bottom of its range, favoring a shift toward the peak. Last year, the high was about $14,000, which would translate into almost double in 2020 if rotating within the recent band,” said McGlone.

 

Chart showing Bitcoin Breaching $10,000 Takes the Market Gold

The coronavirus pandemic and central-bank easing are “accelerating” bitcoin’s maturity and reducing volatility, said McGlone, adding: “Bitcoin volatility is about 2x the Nasdaq. It was closer to 7x when the crypto price and index first crossed paths in 2017.”

Another factor supporting bitcoin is rising buy-and-hold interest from institutions, as indicated by the growth in bitcoin futures’ open interest and assets under management of Grayscale Bitcoin Trust (GBTC), said McGlone.

“Recently reaching about 50,000 bitcoins, futures open interest isn’t a large portion of total supply, but futures are significant as a primary gateway for the benchmark crypto to become a mainstream asset class,” said the strategist.

 

 

As for the GBTC AUM growth, McGlone said the increasing AUM of the trust has consumed about 25% of new bitcoin-mined coins versus less than 10% in 2019. “The rapidly rising 30-day average of GBTC AUM near 340,000 in bitcoin equivalents, about 2% of total supply. About two years ago, it accounted for 1%,” said McGlone.

Notably, he also expects the Tether (USDT) stablecoin to surpass ether (ETH) in terms of market share and reach the number two spot. “Benefiting from widespread adoption with a viable case as a proxy for the world’s reserve currency, there seems little to stop the increasing adoption of the dollar-linked stable coin,” said McGlone.

 

Chart showing Bitcoin's Upward Trajectory With Tether AUM
Souce: https://www.theblockcrypto.com/post/67386/bitcoin-could-reach-20000-this-year-says-bloomberg-strategist

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Crypto exchange backed by SIG and ConsenSys cleared to trade crypto derivatives in the EU https://atozcrypto.org/crypto-exchange-backed-by-sig-and-consensys-cleared-to-trade-crypto-derivatives-in-the-eu/ https://atozcrypto.org/crypto-exchange-backed-by-sig-and-consensys-cleared-to-trade-crypto-derivatives-in-the-eu/#respond Mon, 08 Jun 2020 09:36:23 +0000 https://atozcrypto.org/?p=3966 Quick Take Nomisma has obtained a MiFiD2 license, allowing it to trade crypto derivatives in the EU Consensys and SIG are key investors in the forthcoming platform The EU requires the license for any exchange with a financial product available to EU customers, putting the crypto exchange on the same playing field as traditional platforms …

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Quick Take

  • Nomisma has obtained a MiFiD2 license, allowing it to trade crypto derivatives in the EU
  • Consensys and SIG are key investors in the forthcoming platform
  • The EU requires the license for any exchange with a financial product available to EU customers, putting the crypto exchange on the same playing field as traditional platforms from a regulator perspective.
  • Crypto exchange Nomisma has received the green light to trade crypto derivatives in the European Union (EU).The firm has obtained a Markets in Financial Instruments Directive II license (MiFiD2), allowing the firm to operate a blockchain-based Multilateral Trading Facility (MTF).

    Nomisma’s license enables the MTF to trade derivatives on digital assets and derivatives on security tokens, payment tokens and utility tokens. According to a release from the company, it’s the first crypto derivative-trading MTF to earn the license form the Liechtenstein Financial Market Authority.

    The MiFiD2 license regulates compliant trading infrastructure in the European Economic Area (EEA), which includes EU member states and the additional countries from the European Free Trade Association (EFTA). The original 2007 iteration of the legislation sought to harmonize regulation of various financial markets, including over-the-counter trading, but was found lacking when the 2008 financial crisis took shape. The EU updated the legislation in 2017 to include other asset classes since the original regulation focused mostly on stocks.

    The legislation covers most aspects of the financial services industry in Europe and targets cost transparency and transaction record-keeping in its reporting requirements, stemming from the use of dark pools in the EU, or private exchanges with fewer identification requirements.

    Any exchange with a product available to EU customers requires the license, so this puts Nomisma on the same playing field as traditional platforms from a regulatory perspective.

    However, the license isn’t a catch-all. It distinguishes between different types of trading venues by regulated markets, MTFs and organized trading facilities (OTFs) and the financial instruments that can be traded on them. Crypto assets themselves are still in regulatory limbo with the ESMA, and the current protocol is more of a case-by-case basis approach, examining if the asset qualifies as a financial instrument and is subject to the legal framework. All that’s to say, Nomisma’s license is strictly for derivatives in this case.

    “The license describes what financial instruments you are allowed to conduct trading in,” said Nomisma Founder and executive chairman Dimitrios Kavvathas. “In our case, they are derivatives on digital assets, including payment, utility and security tokens.”

    Nomisma’s license also opens the door to operate in Hong Kong and Singapore compliantly.

    “Under this umbrella we can therefore further utilize the passporting framework within the EEA as well as how globally regulators grant mutual recognition,” said Kavvathas.

     

    Nomisma obtained the license in late April, but there are still significant steps to move forward. It’s slated to trade tokenized assets, including digital asset derivatives, in the near future. However, at the time of publication, trading has yet to commence. Founder and executive chairman Dimitrios Kavvathas said Nomisma needs additional funding and partners to move forward.

    However, the firm has already secured the support of a Susquehanna International Group (SIG) affiliate. The trading giant will use the platform once it launches, according to Kavvathas, and it’s already led outside investing in all funding rounds for the last year and a half.

    Ethereum blockchain developer ConsenSys has also taken an interest. The software company invested in the previous equity financing round and has been advising Nomisma.

    Andrew Keys, the previous head of Global Business Development at ConsenSys and current Managing Partner at Digital Asset Risk Management Advisors (DARMA Capital), has been heavily involved, according to Kavvathas. Keys is the second-biggest outside investor in addition to advising the firm as it navigates the space. He cited three key points relating to the recent licensure and relationship with other players driving DARMA Capital’s interest in the project.

    “Nomisma is the first MIFID2 compliant exchange in Europe for digital asset derivatives and they have the ability to passport that licensure globally,” he said in an email.

    He also pointed to the architecture of the system, which allows the settlement of digital assets in a hybrid environment on and off chain. The system also leverages the firm’s Nomisma Matching Engine, which seeks to make market-making tools accessible to all users.

    In addition to creating a hybrid environment with its product, Keys said Nomisma could further open the door to institutions with its relationship with SIG.

    “Nomisma’s relationship with quantitative trading firm Susquehanna, could unleash a new wave of Institutional interest in the digital asset ecosystem.”

    While the firm is licensed in the EU, there are no permissions currently listed on the Financial Conduct Authority (FCA) register. The FCA’s Financial Services Register lists details of regulated firms in the United Kingdom (UK). As Brexit transition terms continue to unfold, the UK is still treated as an EEA member state during 2020. Kavvathas said registration with the UK anti-scam regulator is coming.

    In the meantime, Kavvathas indicated plans to expand its local European management. The team is currently composed of 17 engineers and quants.

    Frank Chaparro contributed reporting.

  • Source: https://www.theblockcrypto.com/post/66135/crypto-exchange-sig-consensys-derivatives-eu?utm_source=newsletter&utm_medium=email&utm_campaign=2020-06-07

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Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support https://atozcrypto.org/crypto-firm-uquid-launches-marketplace-30000-digital-products-bitcoin-cash-support/ https://atozcrypto.org/crypto-firm-uquid-launches-marketplace-30000-digital-products-bitcoin-cash-support/#respond Tue, 02 Jun 2020 16:54:25 +0000 https://atozcrypto.org/?p=3961 On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products.” Crypto Firm Launches …

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On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products.”

Crypto Firm Launches Uquid Shop: 30,000 Digital Products

The company Uquid launched in 2016 is one of the earliest cross-border digital services with a blockchain-friendly payment system. The startup was one of three blockchain-based companies to be selected by Techcrunch back in 2017.

Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

During the last week of May 2020, Uquid revealed the launch of the Uquid Shop and a global expansion that provides customers with “a large variety and diversity of services like mobile phone top-ups, insurance, electricity bills, grocery vouchers, pharmacy vouchers, TV bills, pin-less call, wifi recharge, bundles, gift cards, games, and software.” Uquid has also completed over 11 million transactions during its first year of operation.

“We’re extremely pleased and excited to announce the world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products. at shop.uquid.com,” Uquid announcement detailed. “With daily updates, Uquid digital shops offer up to a 60% discount. Also, Uquid provides some important services like top-ups, bill payments,” the company added.

Buy, sell or get cash back with ONE coin cryptocurrency: www.DEALSHAKER.COM

Bitcoin Cash Offers Fast, Cheap, Reliable, Private, and Scalable Payments

The Uquid team has opted to leverage bitcoin cash (BCH) for crypto payments and the team explains that BCH is “fast, cheap, reliable, private, and offers scalability.” Uquid also accepts uquid (UQC), neo gas (GAS), Tether (USDT), xrp (XRP), neo (NEO) for crypto payments. Uquid further revealed that developers have been preparing for the launch for over a year.

Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

“We are also pleased to receive the comments from experts and friends in the world of crypto and gamers,” Uquid’s blog post highlights. “Your support will be the motivation for us to continue to launch new products in the future.”

Uquid is also a resourceful system in developing countries like Indonesia. For instance, customers in Indonesia can pay for health insurance, pension insurance, life insurance, and accidental coverage as well. Residents from Indonesia can also pay their electrical bills through PLN.

“[The corporation] PLN is an Indonesian government-owned corporation which has a monopoly on electricity distribution in Indonesia and generates the majority of the country’s electrical power,” Uquid says. The company has provided services like bill payments, bundles, pinless services, transportation, vouchers, and insurance for quite some time. The newly added Uquid features include game cards, software, internet services, and certain subscriptions.

source: https://news.bitcoin.com/crypto-firm-uquid-launches-marketplace-30000-digital-products-bitcoin-cash-support/

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Odey Says Governments May Make Private Gold Ownership Illegal https://atozcrypto.org/odey-says-governments-may-make-private-gold-ownership-illegal/ https://atozcrypto.org/odey-says-governments-may-make-private-gold-ownership-illegal/#respond Mon, 25 May 2020 14:05:45 +0000 https://atozcrypto.org/?p=3953 Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis. “It is no surprise that people are buying gold. But the authorities may attempt at some point to de-monetise gold, making it illegal to own …

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Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis.

“It is no surprise that people are buying gold. But the authorities may attempt at some point to de-monetise gold, making it illegal to own as a private individual,” Odey wrote in a letter to investors seen by Bloomberg. “They will only do this if they feel the need to create a stable unit of account for world trade.”

1483619795_306385115

Crispin Odey

Source: Odey Asset Management

Odey, a long-standing critic of central bank policies who is known for his apocalyptic predictions, increased the gold position in his flagship Odey European Inc. fund during the course of April. Holdings of June gold futures represented 39.9% of the fund’s net asset value at the end of the month, up from 15.9% at the end of March. A stake in Barrick Gold Corp., the world’s No. 2 gold miner, was his largest single long equity position.

The fund, which gained 21% in March, was down 9.5% in April, according to the letter. A spokesman for Odey declined to comment.

Read more: Eleven Hedge Fund Traders Scored Big Profits When the Crisis Hit

Fear of government confiscation is a common theme among some of gold’s most ardent supporters, who point for precedent to the U.S. government’s forced purchases of private bullion holdings in 1933 as part of a devaluation of the dollar. The price of gold was raised from $20.67 an ounce to $35, where it remained until the U.S. ended the gold standard in 1971.

Today, with major currencies no longer linked to gold, there’s no indication that governments or central banks are considering any similar move.

Gold futures for June delivery rose 0.4% to $1753.20 an ounce at 7:38 a.m. on the Comex in New York, close to a seven-year high.

Odey, who has previously compared the current pandemic to the Great Depression of the 1930s, argued that central banks would fail to contain inflation as the economy eventually recovers from the impact of global lockdowns.

“History is filled with examples where rulers have, in moments of crisis, resorted to debasing the coinage,” he wrote. Odey is not alone in betting that gold will benefit as high inflation follows the coronavirus crisis, although market measures of inflation expectations show that it’s far from a consensus view.

Read more: Hedge Fund Luminaries Are Lining Up Behind Gold Again

High inflation would hurt long-dated bonds and growth stocks, Odey predicted, citing forecasts for inflation rates of 5% to 15% within 15 months. “I very much expect that the authorities will fight these prevailing trends for every inch of the way, but I also expect them to lose the fight,” he wrote

Odey is known for his eye-catching comments and bearish market outlook. In 2016, he predicted that a potential recession and higher inflation following the Brexit vote could lead to U.K. stocks slumping 80%. The following year, he told investors to watch out for the “Minsky moment,” referring to the term inspired by economist Hyman Minsky to describe a sudden market collapse that follows the exhaustion of credit.

source: https://www.bloomberg.com/news/articles/2020-05-20/odey-says-governments-may-make-private-gold-ownership-illegal

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Russian Lawmakers Propose Bill That Puts A Total Ban On Crypto; Up to 7 Years in Prison https://atozcrypto.org/russian-lawmakers-propose-bill-that-puts-a-total-ban-on-crypto-up-to-7-years-in-prison/ https://atozcrypto.org/russian-lawmakers-propose-bill-that-puts-a-total-ban-on-crypto-up-to-7-years-in-prison/#respond Sun, 24 May 2020 13:09:51 +0000 https://atozcrypto.org/?p=3948 Protect your digital assets and keep your data secured offline. click here Russia’s Duma and Ministry of economic development present wholly different attitudes towards crypto, leaving many in the industry with headache-inducing confusion. The law is getting tougher on cryptocurrencies in Russia as lawmakers propose a draconian law to curb the use of cryptocurrencies such …

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Protect your digital assets and keep your data secured offline. click here

Russia’s Duma and Ministry of economic development present wholly different attitudes towards crypto, leaving many in the industry with headache-inducing confusion.

The law is getting tougher on cryptocurrencies in Russia as lawmakers propose a draconian law to curb the use of cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) within the country.

According to the Russian publication, RT, members of the State Duma – Russia’s parliament – are proposing a 500,000-2 million rubles fine, or five to seven years imprisonment for the illicit use of cryptocurrencies in Russia.

 

 

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While the law won’t place a blanket ban on cryptocurrencies, some analysts say this move amounts to a total ban on crypto.

If the law passes, then crypto use in Russia; from activities like crypto mining, running a crypto exchange, trading, and transacting fiat-to-crypto through any Russian financial institution will be illegal.

According to the publication, the amendments on the financial assets bill proposed fines from 50,000 rubles ($706) to 500,000 rubles ($7,000) for individuals that earn a “large income” from crypto. The bill further proposes a 2 million Rubles ($28,240) fine on legal entities that help in these illicit transactions, transfers and issuance of cryptocurrencies in Russia.

Notwithstanding, users who use crypto payment channels will be liable to a fine of 20,000 rubles ($280) up to 200,000 rubles ($2,800). Legal entities accepting crypto transactions will be fined from 100,000 rubles ($1,400) up to 1 million rubles ($14,000).

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The Confused State of Russian Crypto Users

Amidst the recent change of heart from the Russian government on cryptocurrency operations, many investors remain perplexed about what direction the Russian government is taking.

Recently, the Bank of Russia (BoR) released a revised bill on the regulation of digital assets across the country, banning the issuance of crypto due to the inherent risks of the industry.

“We believe there are big risks in legalizing the operations of the cryptocurrencies. From the standpoint of financial stability, money-laundering prevention and consumer protection.” – Alex Guznov, BoR head of legal office speaking on the revised crypto bill, March 2019.

However, the Russian Federal Ministry of Economic Development recently proposed new legislation to legalize crypto, as well as blockchain-based initiatives through a special regulatory framework.

First published on https://bitcoinexchangeguide.com/russian-lawmakers-propose-bill-that-puts-a-total-ban-on-crypto-up-to-7-years-in-prison/ Protect your digital assets and keep your data secured offline. click here  

Graphic from bitcoin.com

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How COVID-19 Is Impacting Blockchain and Cryptocurrency https://atozcrypto.org/how-covid-19-is-impacting-blockchain-and-cryptocurrency/ https://atozcrypto.org/how-covid-19-is-impacting-blockchain-and-cryptocurrency/#respond Fri, 22 May 2020 22:53:48 +0000 https://atozcrypto.org/?p=3941 May 21, 2020 Fábio C. Canesin, SCB Contributor Out of the coronavirus pandemic will emerge a new digital society status quo — one that will accelerate major technological advances that are already underway. Among the many important innovations that the pandemic will push forward are blockchain and cryptocurrency. What is it about this uncertain global …

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May 21, 2020
Fábio C. Canesin, SCB Contributor

Out of the coronavirus pandemic will emerge a new digital society status quo — one that will accelerate major technological advances that are already underway. Among the many important innovations that the pandemic will push forward are blockchain and cryptocurrency.

What is it about this uncertain global climate that will make 2020 such a pivotal year for those two innovations? Here are some predictions for the blockchain space and digital currency for the remainder of the year, as well as how they’ll be affected by the coronavirus.

During 2020, blockchain will continue to grow in the finance sector, ahead of other industries. Applications such as food tracking, goods authentication, and storage of sensitive data involve significant regulatory work to tie real-world objects to their tokenized equivalents.

The most significant breakthrough in this area that we’ll see is the application of blockchain’s fundamental technology to sovereign currencies. China might well attempt an experiment in a model city like Shenzhen this year, and Sweden is another country interested in this possibility.

There will be greater consolidation in the blockchain space. Many companies weren’t prepared for the crisis, whether in terms of infrastructure or their financial arrangements. Well-prepared startups will be accelerated as a result.

Cryptocurrencies will become increasingly used as non-correlated investment options. If you look at the recent market crisis precipitated by the coronavirus, cryptocurrencies and the stock market were only correlated for a little over one week. Bitcoin’s drop was primarily a liquidity issue — gold had the same behavior in that period — and it quickly became apparent that the currency was oversold. The markets are once again uncorrelated. This will drive further interest in blockchain-based financial instruments.

It’s quite possible that, by the end of the year, we may even see what mass adoption will look like. The kind of services and tools that will be used widely in the future will likely already be available this year.

With people staying home like never before, more online gaming will certainly happen globally at scale. This will result in the rise of in-game digital currency usage and related blockchain technology.

Consider what kind of games will see an increase in popularity. People staying home will result in a huge increase in casual gamers — those who play simple games on their smartphones or tablets, rather than serious hobbyists with gaming PCs. These games are often built by small teams, and can be highly profitable given the size of the casual gaming market. As a result, there’s a lot of incentive to seize the opportunity.

It’s also not difficult to imagine what will be popular: party games for people in quarantine who want to have fun socially but can’t spend time together. It’s easy to incorporate blockchain in these sorts of games. The most obvious use is for in-game currency. But it’s also possible to consider non-fungible tokens as digital collectibles, either as special prizes or for people who want to customize their game world.

Fábio Canesin is co-founder of Nash, a fintech company using blockchain as infrastructure for the digital finance space.

Source: https://www.supplychainbrain.com/blogs/1-think-tank/post/31351-the-impact-of-covid-19-on-blockchain-and-cryptocurrency

 

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How Investors Are Presented With Bitcoin: ‘A New Decentralized Monetary Asset, Akin to Gold’ https://atozcrypto.org/how-investors-are-presented-with-bitcoin-a-new-decentralized-monetary-asset-akin-to-gold/ https://atozcrypto.org/how-investors-are-presented-with-bitcoin-a-new-decentralized-monetary-asset-akin-to-gold/#respond Sat, 16 May 2020 10:36:04 +0000 https://atozcrypto.org/?p=3931 Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes. The crypto entrepreneur places BTC besides gold, as a go-to store of value, amid unprecedented stimulus spending by governments during the Covid-19 crisis. “Bitcoin is …

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Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes.

The crypto entrepreneur places BTC besides gold, as a go-to store of value, amid unprecedented stimulus spending by governments during the Covid-19 crisis.

“Bitcoin is likely to earn a place alongside gold as a sensible part of many investment portfolios,” Huang says in a paper aimed at reaching out to conventional investors, “Bitcoin for the open-minded skeptic.”

“It combines the scarce, money-like nature of gold with the digital transferability of modern currency,” he added. At the peak of the virtual currency’s adoption curve, “central banks may come to view bitcoin as a complement to their existing gold holdings.”

Huang’s paper is not so much premised on novel insights as it is about mapping a future out of BTC’s intrinsic features.

Beyond comparing favorably to some cryptocurrencies for its classic money features such as scarcity (at 21 million coins), portability, and broad accessibility, bitcoin intrinsically improves on traditional assets. Its digital format, programmability, universality, and decentralization are a source of alternative appeal.

Decentralization and immunity to censorship afford BTC holders “a special kind of confidence: that bitcoin cannot be devalued by arbitrary monetary policy decisions, and that they will always be able to hold and transfer their bitcoin freely,” Huang writes.

This becomes especially important at a time when the markets are unusually exposed to politics, not just benign government interventions but also crisis-related protectionism and bilateral hostilities.

A recurring objection to BTC as an asset class is that it is a bubble but Huang turns the same criticism around in favor of the crypto. Citing Nobel laureate Robert Shiller, he notes that BTC is in good company as gold is also a bubble, being an asset class of no immediate utility but rather valuable for popular conviction about a future value that occasionally pushes the prices up.

Bitcoin bubbles of note, 2011, 2013, 2013-15, and 2017 began with high-conviction investors buying when things were quiet on the front, followed by media attention, speculation, further attention, and investor interest.

“Although painful for those involved, each bubble leads to broader awareness and motivates bitcoin’s underlying adoption, gradually expanding the base of long-term holders who believe in bitcoin’s potential as a future store of value,” Huang explains.

“Through successive bubbles, bitcoin reaches greater levels of scale in users, transaction volumes, network security, and other fundamental metrics,” he argues.

Bitcoin’s relative ease of access through in-built financial inclusion mechanisms will be useful in growing its market size as people with eroding currencies are more likely to get the digital asset than they are to get gold or other valuables like art or property.

Political considerations may also work in the cryptocurrency’s favor. “If foreign governments (some of whom already bristle at their dependence on US dollar forex reserves) begin to adopt bitcoin as a complement to existing gold holdings, the market size for bitcoin could expand significantly,” Huang adds without committing to a precise estimate.

Huang contrasts the general optimism of his paper with BTC risks such as volatility and regulation. Volatility, however, aids adoption and may terminate when broad acceptance lead to stability, while regulation can be mitigated by bitcoin’s decentralized nature.

Source: BITCOIN.COM

 

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It’s the final countdown for Bitcoin Halving! https://atozcrypto.org/its-the-final-countdown-for-bitcoin-halving/ https://atozcrypto.org/its-the-final-countdown-for-bitcoin-halving/#respond Thu, 07 May 2020 17:02:00 +0000 https://atozcrypto.org/?p=3922 *Illustration purposes only. Visit this link to see the live countdown. Hello IcoUser_5169, As you might have noticed, Bitcoin Halving is just around the corner and we are here to give you all the necessary info so you can make the best of it. What is Bitcoin Halving? This is only the third Halving in …

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*Illustration purposes only. Visit this link to see the live countdown.

Hello IcoUser_5169,

As you might have noticed, Bitcoin Halving is just around the corner and we are here to give you all the necessary info so you can make the best of it.

What is Bitcoin Halving?

This is only the third Halving in the history of Bitcoin and it only happens every few years. Bitcoin Halving is basically the event when the mining reward is reduced by 50% (hence the halving reference). Basically, miners (powerful computers that process and validate all BTC transactions while keeping the network secure) are rewarded with a small fraction of BTC for every transaction they complete. That reward will now be halved and so will the overall amount of Bitcoins generated.


Why do traders care about the Bitcoin halving event?

In the two previous Halving events Bitcoin has risen substantially, following the shift in BTC’s supply and demand ratio. It is uncertain how the markets will react to this Bitcoin Halving, but traders who are interested in crypto and have analysed the charts can always speculate.

With NAGA’s CFD offering, there’s the option to either open a short or a long position for BTC. Alternatively, NAGA Exchange offers the possibility to invest in real BTC!

Source: Naga

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Bitcoin Halving 2020 Explained… https://atozcrypto.org/bitcoin-halving-2020-explained/ https://atozcrypto.org/bitcoin-halving-2020-explained/#respond Tue, 28 Apr 2020 21:15:39 +0000 https://atozcrypto.org/?p=3917 What is the Bitcoin Halving (Halvening)? New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin’s existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a “halving” or …

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What is the Bitcoin Halving (Halvening)?

New bitcoins are issued by the Bitcoin network every 10 minutes. For the first four years of Bitcoin’s existence, the amount of new bitcoins issued every 10 minutes was 50. Every four years, this number is cut in half. The day the amount halves is called a “halving” or “halvening”.

In 2012, the amount of new bitcoins issued every 10 minutes dropped from 50 bitcoins to 25. In 2016, it dropped from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25.

What is the Significance of the Bitcoin Block Halving?

The halving decreases the amount of new bitcoins generated per block. This means the supply of new bitcoins is lower.

In normal markets, lower supply with steady demand usually leads to higher prices. Since the halving reduces the supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin’s largest runs.

In the image below, the vertical green lines indicate the previous two halvings (2012-11-28 and 2016-7-9). Note how the price has jumped significantly after each halving.

Bitcoin Halving Chart

In the image below, you can see Bitcoin’s inflation rate during each period.

Each halving lowers Bitcoin’s inflation rate. The orange line is Bitcoin’s inflation rate during a given period, while the blue line is the total number of bitcoins issued.

Bitcoin Halving Schedule

The Bitcoin halving is scheduled in block height, not date.

The halving happens every 210,000 blocks. The 2020 halving will happen on block 630,000. The 2024 halving will happen at block 840,000.

What Happens to Miners During Halvings?

Many always speculate that miners will shut down after the halving. The reality is most miners are very smart and price in the halving, so they don’t end up shutting down any miners.

When is the 2024 Bitcoin Halving?

The 2024 halving will likely occur between March 2024 and June 2024.

Bitcoin Halving Dates History

This section will take a look at the previous two halvings.

2012 Halving

The 2012 block halving was the first halving and happened on November 28th, 2012. The halving block was mined by SlushPool by someone using a Radeon HD 5800 miner.

  • New BTC Per Block Before: 50 BTC per block
  • New BTC Per Block After: 25 BTC per block
  • Price on Halving Day: $12.35
  • Price 150 Days Later: $127.00

2016 Halving

The second halving occurred on July 9th, 2016.

  • New BTC Per Block Before: 25 BTC per block
  • New BTC Per Block After: 12.5 BTC per block
  • Price on Halving Day: $650.63
  • Price 150 Days Later: $758.81

Current Bitcoin Block Subsidy

The current Bitcoin block subsidy is 12.5 bitcoins per block. When block 630,000 is hit in 2020, the subsidy will drop to 6.25 bitcoins (BTC) per block.

Bitcoin Halving Parties

Thousands of Bitcoiners across the world celebrated the 2016 halving. There were parties in tons of major cities like Buenos Aires, Melbourne, Montreal, Paris, Athens, Dublin and dozens of other cities.

Here is a video from the 2016 HODL halving party in Tel Aviv:

When party events are posted, we’ll keep track of them here!

When Will All 21 Million Bitcoins be Mined?

All 21 million bitcoins (BTC) will be mined by 2140. But more than 98% will be mined by 2030.

Is There a Litecoin Block Reward Halving Countdown?

Yes, check this site. Litecoin is currently projected to have its halving in a few years.

Is There an Ethereum Block Reward Halving Countdown?

Ethereum’s block reward does not halve like Bitcoin’s, so there is no countdown.

What is the Bitcoin Clock?

The Bitcoin clock has been around since 2011. In 2018, the owner let the domain expire. We revamped the site and restored it to its original vision.

Is the Halving Necessary?

The halving is necessary. This is how Bitcoin controls its supply. Once the block subsidy expires, transaction fees will pay miners for securing the network.

Why Our Estimates Are the Most Accurate

Most of the other halving date estimators use 10 minute blocks to calculate the estimated halving date.

Blocks, however, have been mined at less than 10 minute intervals for almost all of Bitcoin’s history.

Our calculator uses data from BTC.com to get the average block time for the past two months. It then uses this block time (currently 10.3125 minutes between blocks as of March 25, 2020) to estimate the halving date.

While most of the other sites estimate the halving for late-May, the more likely outcome is an early-May reward halving.

What is the Current Bitcoin Block Reward?

Currently, there are 12.5 new bitcoins issued per block.

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