Speculation on future adoption is a substantial Bitcoin price driver, while “actual utility” is not, according to BitPay CEO Stephen Pair
Bitcoin’s tumbled to a 15-month low. Ethereum is circling the drain. Despite announcements of a Swiss ETP, more regulated bitcoin futures in Q1, a German stock exchange launching a crypto platform, and institutional investors getting in, the market keeps on hemorrhaging. Is it time to jump ship? Cut your losses and get out while there’s […] The post Is This the End of Crypto? appeared first on NullTX.
Revolut is one of Europe’s leading fintech products. In essence, Revolut providers users with banking facilities as well as a range of other benefits. Such benefits include the option to purchase and store Bitcoin, XRP and Ethereum within the Revolut app. Whilst Revolut is not built just for cryptocurrency integration, crypto does make up a very big part of the Revolut product since it offers its users access to a seamless environment through which they can manage their FIAT currencies, cryptocurrencies and even get access to special offers, a concierge service and some loans. Now, according to reports, Revolut have been granted a banking license by the European Central Bank. This will allow Revolut to provide a much larger range of financial services to its users including fully working current accounts, overdraft facilities and more personalised loan services. This license allows Revolut to become more than just a financial service provider, it allows it to become a fully fledged bank, under the eyes of the European Central Bank. This doesn’t mean Revolut have officially become a bank that offers cryptocurrencies, there’s a little more to it than that, however, this license does go a long way in ensuring that this could indeed be a possibility, one day. This license does mean Revolut can now operate under strict regulation, which could in the future have further implications for how they offer and store cryptocurrencies within the platform. In order to gauge the full scale of this, we need to wait to find out the more intricate details about the license that has been granted to Revolut. According to CryptoGlobe: “Revolut’s announcement also mentioned that it would allow its customers to take out personal loans at competitive rates. Starting next year, Revolut may expand its services to other locations across Europe. Other services that Revolut will be offering under the new license include convenient access to overdraft facilities for its clients, which means users don’t have to be concerned about receiving ‘insufficient funds’ notifications, negative account balances, and automatic top-ups.” As it stands, Revolut’s operations are based in Europe, however, they now intend to start the process of moving further afield and hope to kick-start operations in the United States. If you haven’t already heard of Revolut, we would seriously recommend checking them out. Okay, so it’s not the most exciting way to invest in cryptocurrency, though the Revolut platform is very easy to use and really does show us what true Bitcoin adoption will look like in the future.
Cryptocurrency data website Coin Dance revealed on Friday the team’s revamped Bitcoin Cash protocol development tracking page. Interested proponents can get a comprehensive look at all the completed BCH developments, proposals, ideas that are being discussed, and concepts that are currently under development. Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down The […] The post Monitor Bitcoin Cash Development With the Coin Dance Tracking Page appeared first on Bitcoin News .
In the past 24 hours Bitcoin briefly dropped under the $3.2K mark, and top cryptocurrencies reported moderated losses
Japan’s top financial regulator the Financial Services Agency (FSA) has moved toward specifically categorizing bitcoin and other cryptocurrencies as “crypto-assets.” That designation reportedly comes so Japanese citizens know clearly these assets aren’t government-backed legal tender. Also see: Meet Hydro: Large Relayer Forking 0x, Axing ZRX Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & … Continue reading "Japan Looks to Designate Virtual Currencies as ‘Crypto Assets’" The post Japan Looks to Designate Virtual Currencies as ‘Crypto Assets’ appeared first on Bitsonline.
As reported by the Daily Mail yesterday by Myron Jobson, they look into the scenario of if you invested in Bitcoin when it was $12,000, should you sell in case it drops even more or ‘panic hold’ and pray that the price skyrockets again. As Jobson reports, at the start of December last year he investing £1,000 worth in Bitcoin when it was around $12,000 for each coin and since then the value sparked up to its all-time high of $20,000 and subsequently sunk to its yearly low of $3,200 in mid-November. So the question still remains as to whether you should hold your cryptocurrency or sell before it goes any lower. I mean, if you sell now at least you get a bad loss rather horrible loss if the coin goes to $1,000… right? It’s worth noting that we are not financial advisors and this is not financial advice. Investing in cryptocurrency is very risky, so only invest based on your own research and invest with money you can afford to lose, always remember to trade safe! Jobson continues to say that there is always a temptation to take a ‘punt’ when investing on something that you’re not well versed in and that falls under the high-risk banner. This promises a nice end result if the hype build up is realised. For many, Bitcoin was that gamble in the run-up to Christmas as everyone was talking about. It was the buzz topic that you couldn’t seem to escape from - it was on the news and everywhere on social media, there was no running away from it! Since Bitcoin hit its all-time high of $20,000, it has since dropped, and hard. Bitcoin wasn’t the only victim of the fall through as the third largest cryptocurrency, Ethereum was over $1,000 at the start of the year and it is now worth under $90 at the current time of writing. Should I stay or should I go? As Jobson states in his article: “It is hard to give a definitive answer to this question because cryptocurrencies are relatively new and investment experts are still spot market trends and anomalies. Bitcoin, the best known, was founded a decade ago by a mysterious Satoshi Nakamoto who published a white paper describing an electronic cash system that would give birth to bitcoin.” He continues, quoting from Jason Boomer of Square Mile Investment Consulting & Research: “There is no way to value bitcoin and the price moves merely reflect supply and demand from speculators and ‘investors’ ‘Gold is similarly problematic to value, though at least gold as a currency has credibility going back to the dawn of mankind.” What are your thoughts? Let us know what you think down below in the comments!
Yesterday, the whole market witnessed all the major cryptocurrencies hitting a new low for the year. Contrary to the investors’ expectations, instead of taking the upward direction, the cryptocurrencies are going the opposite direction. According to CoinMarketCap, at press time, Ethereum was trading at $83.23 on Coinbase and has an overall market cap of $8.78 […] The post Ethereum [ETH/USD] Technical Analysis: Bull dives back in to save the coin again appeared first on AMBCrypto.
It is somewhat refreshing and surprising to see multiple cryptocurrency markets go in the green all of a sudden. This is primarily because the Bitcoin value is still down by nearly $32 at this point. In the case of Ethereum, the uptrend hasn’t materialized just yet. Its value remains well below $85, which is not […] The post Ethereum Price Remains at $83 as Bears Continue to Dominate appeared first on NullTX.