What would the crypto world be like without Binance? In the latest Crypto Titans series by CoinMarketCap, CZ shows us what’s it’s like to live an all-in crypto lifestyle. Hear how he sold his apartment to buy Bitcoin and built a stack of financial products that strengthened the foundation of our industry! .
Read all about it in our profile!
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Reposted from @altcoindaily One of the latest episode of "The Simpsons" aired has just aired featuring Jim Parsons of Big Bang Theory appearing as a guest star to explain cryptocurrencies and how a blockchain works.
In the song and dance predicts cryptocurrency to be the future money, the animated ledger states: "Each day I'm closer, to being the cash of the future. Not in your wallet, I'm in your computer!
The United States government underneath President Trump has taken an aggressive approach to the crypto markets, with the President himself claiming that he is “not a fan of” Bitcoin, while the Treasury secretary claimed that the lack of regulations surrounding the nascent technology constitutes a “national security” issue.
This hostile approach certainly hasn’t done much to slow the crypto markets down, but it hasn’t helped them either, with tax unclarity from the IRS alongside the lack of institutional involvement within the markets both being “top-down” issues.
Now, however, one prominent Democratic presidential candidate is offering a plan for how the government would go about handling cryptocurrencies if he were to win the upcoming 2020 election – and it’s positive for Bitcoin.
Cryptocurrency investor’s knowledge about the government’s views on cryptocurrencies was foggy until July of last year, when President Trump sent out a tweet bashing Bitcoin and other cryptocurrencies, claiming that the US Dollar is America’s only “real” currency.
Trump’s comments seem to have been induced by the massive spectacle surrounding Facebook’s launch of their Libra initiative, which is a (supposedly) decentralized digital currency.
Treasury Secretary Steve Mnuchin held a press conference, in which he noted that the lack of regulations surrounding the crypto markets is “indeed a national security issue”. Billionaire presidential candidate Mike Bloomberg – who has been surging in the polls as of late – recently introduced a document detailing his financial reform policy, in which he discusses the cryptocurrency markets. “Cryptocurrencies have become an asset class worth hundreds of billions of dollars, yet regulatory oversight remains fragmented and undeveloped.” He further goes on to note that Bitcoin, initial coin offerings, and blockchain technology, in general, all have promise.
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China is home to the world’s largest Bitcoin mining market and accounts for a staggering 65% of Bitcoin network hash rate. Large scale industrial mining hubs have sprung up in China's Yunnan, Xinjiang, Inner Mongolia and Sichuan provinces where electricity is cheap. ... Read more at.... www.cryptoease.io
The cryptocurrency sector continues mostly in the red, although with modest drops in the vicinity of 1 percent. Also, Ethereum (-0.95%), Ripple (-0.79%), Litecoin (-1.52%), and others are creating bottoming figures. Read more:
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Tuur Demeester, founder of the Adamant Capital Bitcoin (BTC) Alpha fund, was among the first to add Bitcoin (BTC) as part of a currency portfolio in January, 2012. It looks as though eight years later, his confidence in the crypto king has only strengthened. In a recent tweet he has asked his followers about their views on the Permanent Portfolio 2.0, a Portfolio which has 33% of the investment in bitcoin, which you can lock in until 2040 without rebalancing, and it should roughly retain its purchasing power.
The global equity markets are reeling under pressure as the coronavirus outbreak has spreadoutside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. This again puts focus on the frequently discussed perspective that Bitcoin is a completely uncorrelated to traditional markets. Sometimes it rallies with the equity markets and other times with gold but during certain occasions, such as now, it moves to its own beat.
Bitcoin (BTC) is currently trading inside the descending channel. If the bears sink the price below $9,600, a drop to the support line of the channel, which is close to the 50-day SMA at $9,176, is possible.
The 20-day EMA has flattened out and the RSI has dropped close to the midpoint, which suggests a range-bound action for the next few days.
If the price breaks out of the channel, the bulls can carry the price to $10,500. If this level is scaled, the uptrend is likely to resume. Above this level, a move to the long-term downtrend line at 11,350 is possible.
We anticipate the bears to mount a stiff resistance at the downtrend line once again. However, if the bulls can push the price above it, the BTC/USD pair is likely to pick up momentum
UK based telecommunications firm, Vodafone, is running a German advertisement promoting Bitcoin (BTC) as a future means of payment. Is this a dig at Facebook’s Libra after leaving the Association earlier in the year? Or is BTC getting a nod to join the famed M-PESA service?
In a hilarious advert to promote Vodafone Germany, the company included Bitcoin (BTC) in their Facebook commercial in what many consider an ironic taunt at Libra. Earlie