Connect with us

Blockchain

BPSAA | Blockchain Privacy, Security & Adoption Alliance

Avatar

Published

on

BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

Home

Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

Blockchain

Ethereum’s Rebound is “Getting Tired” as Analyst Eyes Move to $520

Avatar

Published

on

  • Ethereum has been climbing higher today alongside Bitcoin and the rest of the crypto market
  • The strength seen as of late comes as Bitcoin puts some serious distance between its recent lows and its current price levels
  • This indicates that bulls are in full control and are looking to form a “V-shaped” recovery that could allow for significantly further upside in the days and weeks ahead
  • Where the entire market trends next will depend largely on BTC, but ETH’s price action may influence that of altcoins
  • One trader is noting that Ethereum’s rally appears to be “getting tired,” which could indicate that it will retreat lower before seeing any type of intense rebound

Bitcoin has been guiding the entire market higher over the past couple of days, with Ethereum rallying up towards the mid-$500 region. This comes close on the heels of an intense correction that led the entire market to plunge.

The recovery from the recent lows has favored bulls, as it shows that the market is still caught within a crystal-clear bull market, and that further upside could be imminent in the near-term.

In a recent tweet, one trader stated that Ethereum’s recent rally might get tired and require a pullback towards $520 before extending further.

Ethereum Sees Slowing Momentum as Bulls Struggle to Break Key Resistance

At the time of writing, Ethereum is trading up just over 2% at its current price of $550. This is where it has been trading throughout the past few days and weeks, with the selling pressure seen around the price region being somewhat significant.

Where the rest of the market trends in the days, weeks, and months ahead will depend largely on Bitcoin.

Although ETH may guide the altcoin markets, it has been taking its cues from the benchmark cryptocurrency.

At the moment, Bitcoin’s strength is lending itself to bulls’ favor, and there’s a chance that they will be able to erase all of the market’s recent losses in the days and weeks ahead.

Trader Claims ETH Rally is Getting Exhausted

One trader isn’t optimistic that this ongoing Ethereum rally will last for too much longer.

He contends that it will see a pullback towards $520 before it can recoup its momentum and rally past the resistance within the mid-$500 region.

“Think ETH is getting pretty tired now, seeing if I can squeeze out $550-555, happy with the 10% moves from spot and 6% from lev today. Will be looking for the reaction around $520 for clues on the next strong move.”

Ethereum

Image Courtesy of Cold Blooded Shiller. Source: BTCUSD on TradingView.

Bitcoin’s continues reaction to its break above $18,000 should provide some insights into whether or not Ethereum will climb higher.

Featured image from Unsplash.
Charts from TradingView.

Source: https://bitcoinist.com/ethereums-rebound-is-getting-tired-as-analyst-eyes-move-to-520/?utm_source=rss&utm_medium=rss&utm_campaign=ethereums-rebound-is-getting-tired-as-analyst-eyes-move-to-520

Continue Reading

Blockchain

SEC approval: firm seeks to invest $500 million in Bitcoins

Guggenheim seems SEC approval to invest $500 million in Bitcoin The investment company is set to join the like Square and Microstrategy in Bitcoin investments Guggenheim Partners, one of the largest investment companies in the United States, has requested authorization from the Securities Exchange Commission (SEC) to allow it to allocate some of its net […]

Avatar

Published

on

  • Guggenheim seems SEC approval to invest $500 million in Bitcoin
  • The investment company is set to join the like Square and Microstrategy in Bitcoin investments

Guggenheim Partners, one of the largest investment companies in the United States, has requested authorization from the Securities Exchange Commission (SEC) to allow it to allocate some of its net assets in Bitcoin.

Available information has shown that the Wall Street giant made the filing so that Grayscale Investments would be in charge of the 10% investment.

SEC has gone on to mention the different risks that may be attached with investing in cryptocurrency. The regulatory body also described crypto assets as digital assets that can serve as a medium of exchange.

Guggenheim is using one of its funds for this purpose. The fund is called the Macro Opportunities Fund. The fund available in this purse would be used to carry out this investment.

Fidelity Digital Assets and Morningstar have posited that the fund Guggenheim would be drawing from has close to $5 billion under its management in assets. This means that if the fund should carry out the 10% investment, it would be investing in Bitcoin worth $500 million.

Based on the current price of Bitcoin, the investment company would be purchasing over 27,000 BTCs.

SECs approval of Guggenheim will continue trend of institutional investors

If Guggenheim should go ahead with its purchase of $500 million worth of Bitcoin, this would continue the year long trend of institutional investors in the crypto space.

This year alone, we have witnessed institutions like PayPal integrating crypto features into their payment gateway. We have also seen Jack Dorsey’s Square investing in the popular crypto asset.

Not only that, Microstrategy has also invested deeply in the crypto industry.

All of these investments by these major institutions show their growing commitment and interest in cryptocurrencies as a viable store of wealth.

The SEC has also tried to implement a varying level of regulations on the crypto industry. The commission appears to be interested in putting some clarity to the operations of how the crypto market works.

Continue Reading

Blockchain

After exec declares Bitcoin maximalism ‘over,’ XRP price surges

Avatar

Published

on

In a podcast for Lend Academy recorded Nov. 5, Asheesh Birla called Bitcoin (BTC) a “pretty innovative alternative to gold,” but added that 2020 had shown there was room for a lot of tokens in the crypto space.

Birla said that he believed Bitcoin had not “gone after” payments, and because different projects had different use cases, the coin’s overwhelming dominance was no longer a certainty:

“I think that the days when folks believed that there’s only going to be Bitcoin, I think, are over. I think it’s clear that there’s gonna be a lot of digital assets and there’s gonna be a lot more traditional assets that are gonna be tokenized as digital assets.”

The RippleNet GM made the comments when the price of XRP was roughly $0.25. It has since tripled, surging to $0.92 last week before crashing 30% amid a wider market rout.

Despite the lack of movement in XRP at the time, Birla added he was feeling bullish over the crypto space coming back “red hot again” after the 2018 crash.

“I don’t see the traditional venture capitalists as interested as they were in 2017,” he said. “But in my mind I couldn’t be happier in terms of innovation in the space.”

Both Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have recently expressed frustration at the lack of regulatory clarity for Ripple in the United States. Last month, SBI Holdings CEO and Ripple board member Yoshitaka Kitao said that the blockchain-based payments may be considering relocating its headquarters to Japan. Larsen believes authorities in the U.S. have a “regulation through enforcement” policy and are “woefully behind” in preparing for the cryptocurrency-based next generation of a global financial system.

At the time of publication, the price of XRP is $0.61, having dropped 3% in the last 24 hours.

Source: https://cointelegraph.com/news/after-exec-declares-bitcoin-maximalism-over-xrp-price-surges

Continue Reading
Blockchain4 days ago

PayPal Reportedly Restricted a User’s Account for Trading Cryptocurrency

Blockchain3 days ago

South Korean crypto market records more trades in Altcoins

Blockchain3 days ago

Wrapped- DGLD brings Swiss vault held Gold to Ethereum

Blockchain5 days ago

Yearning for Pickle? Two DeFi Protocols Merge

Blockchain18 hours ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain3 days ago

Libra Hired New Payments Subsidiary General Counsel: Report

Blockchain2 days ago

Digital Euro: German finance minister urges ECB to accelerate its CBDC development

Blockchain17 hours ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain5 days ago

Lattice and DEX Alternatives that Counter CEX Practices

Blockchain17 hours ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain4 days ago

This upcoming 45 billion token airdrop is one of the reasons why retail is pumping XRP

Blockchain4 days ago

Verge Price Prediction – How High Will XVG Price Reach in 2021?

Blockchain4 days ago

How To Buy Ethereum With PayPal

Blockchain4 days ago

The FBC Fund Has Invested in Vectracoin

Blockchain17 hours ago

Ripple price prediction: XRP to hit $0.67 next, analyst

Blockchain17 hours ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain17 hours ago

Guggenheim Fund Files to Be Able to Invest Up to Almost $500M in Bitcoin Through GBTC

Blockchain15 hours ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain15 hours ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain4 days ago

Market Analysis Report (25 Nov 2020)

Blockchain2 days ago

Bitcoin Worth $3B from PlusToken Ponzi Scam Seized by Chinese Authorities

Blockchain15 hours ago

Bitcoin Price Prediction: BTC/USD Resumes Upside Momentum, Struggles to Break Above $18,000 Price Level

Blockchain4 days ago

American Investors Given 14 Days to Get Off Binance

Blockchain15 hours ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain4 days ago

Tron Price Prediction – Could 2020 Be the Year of the TRX?

Blockchain4 days ago

Ripple price prediction: XRP to move short towards $0.45

Blockchain5 days ago

BitMEX Founder’s Charges Highlight Risks for DeFi

Blockchain3 days ago

Yes, You Can Spend Your Bitcoin This Black Friday

Blockchain3 days ago

Yearn. Finance Price Analysis: Spike in Buying Pressure Could See YFI Prices Soar To $25k

Blockchain16 hours ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain14 hours ago

Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Blockchain5 days ago

Coinbase, Citing Regulations, Ends Margin Trading Services

Blockchain5 days ago

Coinbase Pro Ends Margin Trading Services

Blockchain3 days ago

$100M Liquidated From Compound Following Flash Loan Exploit

Blockchain16 hours ago

South Korea To Postpone Previously Planned Crypto Income Tax

Blockchain2 days ago

Market Analysis Report (27 Nov 2020)

Blockchain18 hours ago

Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Blockchain15 hours ago

Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

Blockchain5 days ago

Kraken Daily Market Report for November 24 2020

Trending