With two NFL championships under their belt, the Miami Dolphins have just adopted Litecoin as their official cryptocurrency. This is the first time an American football team has adopted a cryptocurrency which is a huge step forward to adoption, the Litecoin Foundation has announced that “this unique partnership creates a powerful alignment between Litecoin and one of the world’s most recognizable sports brands in the Miami Dolphins.” As reported by CryptoBriefing, this is a big deal and a key partnership. There is a significant effort being made to implement the Litecoin brand with “in-game branding, advertising opportunities at Hard Rock Stadium, as well as inclusion across the team’s various online properties and digital content.” With this partnership between the cryptocurrency and the American football team, fans will be able to use digital assets for buying 50/50 raffle tickets. Both Litecoin and Aliant payments will allow attendees to purchase tickets using either LTC or BTC, with half of the money earned going to the Dolphins Foundation as well as its charitable causes. Raffle participants will also be able to buy tickets using the cryptocurrencies at kiosks and sellers at the team's stadium, Hard Rock as well as online. The creator of Litecoin, Charlie Lee has expressed his excitement for the future of this collaboration saying: “This collaboration propels Litecoin in front of an audience of millions of people around the world at a time where adoption of cryptocurrencies continues to gain momentum and the ecosystem is able to support real world use cases in ways previously not possible.” The Vice President & Chief Information Officer of the Miami based team, Kim Rome equally positive, saying: “The Miami Dolphins are always looking for ways to enhance the fan experience, and this partnership with Litecoin provides the ability for guests to enjoy our 50/50 raffle while donating to a great cause.” Litecoin is one of the many crypto projects that is pushing adoption with initiatives and thousands of businesses allowing customers to #PayWithLitecoin. The collaboration between Litecoin and the Dolphins is a great start to getting cryptos foot in the door for an already booming industry.
Whereas most people would think token offerings are no longer a viable manner of raising funds in the cryptocurrency industry, the statistics show otherwise. A recently released report by PwC only confirms there is still a lot of money being put into these token offerings accordingly. While it will be difficult to dethrone EOS in the years to come, these other projects have successfully raised money in the past 18 months. Telegram ($1.7bn in Funding) There are some conflicting opinions as to whether or not the Telegram token offering should even be included in this report. The parent company created The post 5 Successful Token Offerings Concluded During the Recent “Crypto Winter” appeared first on The Merkle Hash.
Cryptocurrency news is all over the place right now. Bitcoin is price shoots up, Facebook is releasing the Libra token, and unsurprisingly, John McAfee wants to build Cuba a native cryptocurrency. Success despite uncertainty However, the inherent volatility of cryptocurrency remains a driving force in the digital asset market. It is a force that is facing management from various regulatory bodies, both national and international. In an effort to protect consumers from the potential to lose everything, from hack or from market crash, government agencies are hoping to ensure that cryptocurrency trading follows the rules they have set out for financial transaction safety. There is a long way to go in this regard. Countries like the United States and Canada are basically dragging their feet. Other countries, such as Iran, Bangladesh, and Bolivia, have banned cryptocurrency altogether. Still others are toeing the line between legal and illegal. China, for example, has issued a ban on banks dabbling in cryptocurrency. Yet the country remains the world’s largest bitcoin trading market. All these issues aside, an exciting rash of new exchanges are hitting the market, offering fresh, new investment platforms and opportunities to take advantage of a very positive, possibly even bullish, market. The good Existing exchanges are adding new features to their service offerings. Popular cryptocurrency exchange KuCoin just announced the launch of a derivatives trading platform. Reports state the new offering will allow trading with up to 20x leverage. The goal is to make pricing fair and more competitive. KuCoin plans to provide insurance protection with full transparency. The insurance will be backed by an auto-deleveraging system in the event that insurance funds prove insufficient to cover losses. Other major exchanges are also making progress. Binance Singapore just launched. It has already seen major growth, and fully intends to drive a major cryptocurrency market in Singapore. The great Meanwhile, new, sleek, and shiny cryptocurrency exchanges are literally flooding the market with unique, never-before-imagined capabilities and features. BQT is one such exchange. The acronym stands for Better, Quick, Transparent. It is a complete platform offering a wide variety of functionality, some standard, some revolutionary. The BQT platform offers convenient, yet typical features such as an interactive, flexible trading environment within its trading platform. It also offers a secure and flexible wallet. A hedge fund is coming soon. Beyond these convenient, yet standard features, BQT has some pretty unique functionality. First, the platform offers an educational component. Dubbed BQT University, it is open to anyone wishing to start a career in blockchain, or simply to learn more about what they are invested in. This is pretty great for the blockchain world. Additionally, the BQT platform is truly interactive, not just amongst traders, but also within the greater blockchain community. Of its 43 pairs, one is the Binance native coin, BNB. In other words, rather than trying to compete with what ought to be its biggest competitor, BQT is creating a cooperative environment, leveraging the options of exchanging cryptocurrencies. The not so good High-frequency trading (HFT), a popular but controversial entry point for many fiat traders, has made its way into cryptocurrency markets. Using a process called colocation, whereby client servers are placed in the same geographic location or cloud as the exchange, HFT clients gain the ability to trade from 70-100 times faster than the average trader. Gemini is the largest name in the business offering colocation. Gemini has plans to open another colocation option soon in Chicago. But the cryptocurrency exchange giant certainly isn’t alone in its endeavors. According to Singapore-based exchange Huobi, some of their individual clients trade up to 800,000 times per day. While HFT is not everyone’s cup of tea, some claim that it provides previously unseen benefits to the market as a whole. Matthew Trudeau, CSO at another HFT trading platform, ErisX, sees the proliferation of HFT trading as a symbol of positive growth, stating: “This phenomenon has occurred in other asset classes as trading has become more electronic and more automated. Market makers and arbitrageurs are able to trade more efficiently, which improves price formation, price discovery and liquidity. Arbitrage opportunities may become fewer and more fleeting, which is a sign of a more efficient and maturing market.” The future Regardless of regulatory changes or the success or failure of major cryptocurrency endeavors such as Libra, the rapid growth and expansion of trading platforms of all sorts is fantastic news for the overall market. Cryptocurrency is not just here to stay. It is here to succeed.
According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to […] The post Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned appeared first on Bitcoin News .
The 45th President of the United States, Donald Trump has finally expressed his thoughts on Bitcoin and cryptocurrency and it seems that he isn’t a fan. Ever since Trump’s inauguration in 2016, a lot of crypto enthusiasts have been wondering what his opinions are on the leading cryptocurrency and the space in general. Well now, we finally have our answer as the president, who is known for speaking his mind on Twitter, posted this earlier today (July 12th): “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....” Trump made his points clear on why he doesn’t like Bitcoin as he has brought up many of the concerns that are rife throughout the industry. Technically, Trump’s words on the volatility are partly true as the leading cryptocurrency is known for being volatile however, whether it is ‘based on thin air’ or not remains to be seen. In terms of the unlawful behaviour, Trump has a point as Bitcoin's use with criminal activities like Silk Road on the dark web or money laundering are valid factors to keep in mind. Later in the same Twitter thread, Trump took a few digs at Facebook’s upcoming Libra stablecoin saying that it won’t have a lot of standing and people won’t be able to rely on it as a digital asset. ....Similarly, Facebook Libra’s “virtual currency” will have little standing or dependability. If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National... — Donald J. Trump (@realDonaldTrump) July 12, 2019 The President went onto talk about the growing trade war with China and global economic uncertainty. Trump said that there is only one real currency in the United States and that it is stronger now than it ever has been and that it is the most dominant currency anywhere in the world. Taking note of the president's words, the 22-year Wall St Veteran, Caitlin Long responded back with harsh facts. Read what she said here.
Veil launched in January, allowing users to place bets on Augur prediction markets. Now Veil's co-founder, Paul Fletcher-Hill, has announced that, while the service's community was strong, it was too small to keep the service functioning.
Since Facebook announced Libra, world regulators have been quick to express their fears surrounding the cryptocurrency, but Ethereum co-founder Mihai Alisie believes the project will do more to negatively impact all the good fortune blockchain tech has been able to harbor over the years.
History may not always repeat itself but it does rhyme. In the case of Litecoin (LTC), it has rhymed very closely and that too just close to the next halvening. If we compare the current halvening to that of August, 2015, we can see that the price topped out before the halvening. This is not an assumption; it is a fact and it is right there on the chart. LTC/USD topped out weeks before its previous halvening and a lot of retail traders were left disappointed. That disappointment continued during and after the halvening which resulted in further sell off and instead of the price rising after halvening it kept on falling. So, why did this happen? Well, everyone can see the halvening coming and retail traders want to front run each other to buy as much as they think the price will shoot to the moon after halvening. Now, the fact of the matter is that a lot of retail traders are either inexperienced or too lazy to do their research. It is clearly there on the charts and anyone who is buying into this halvening FOMO should be looking at what happened the last time. Of course, there is a large number of ‘influencers’ that influence the price of Litecoin (LTC) by inducing more FOMO into the market to trap overly optimistic retail traders. I mentioned in my previous video analysis that this Litecoin (LTC) crash during and after the halvening could be a lot more painful than the one we saw before. This is because in August, 2015 the market was just trying to turn bullish whereas in August, 2019 it will be in its second downtrend. This is very alarming and we expect that even those that are waiting to buy after the price declines will see further pain because LTC/USD is unlikely to trade sideways like it did some weeks after the previous halvening. If we take a look at the daily chart for LTC/BTC, we can see that it remains in a strong downtrend. There is no hope of a trend reversal until the price breaks the strong trend line resistance that it has failed to beach since June. If this level is breached, the price might still be rejected at the 38.2% fib retracement level. In other words, there is little to no reason to be bullish on Litecoin (LTC) just yet despite the upcoming halvening. In the grand scheme of things, halvening is a very significant event. If mining rewards are cut in half, it means that it will cost twice as much to mine one Litecoin (LTC) which means that its price should go up based on simple economics. However, markets seldom react in a rational manner, especially unregulated markets. The game plan here is an opportunity to profit off the naiveté of retail traders that are expecting the price to moon after the upcoming halvening. There is no way the whales are going to pass on that.
Virtually all of the major countries around the world have high expectations of creating a permanent presence on the Moon and other planets. As far as Russia is concerned, their plans to build a Moon base are slowly taking shape. newly released information confirms 3D printing and lunar dust will play an integral role in this process. It is expected this entire project will go into full effect by 2040, which might prove to be an overly ambitious goal. The Russian Moon Base Plan It is not all that common to see Russian government officials officially confirm the nation wants The post Russia Expects to Finish its Moon Base by 2040 appeared first on The Merkle Hash.
bitcoin.com: Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status
Cryptocurrency taxation is a subject that concerns a growing number of users, traders and investors. An area that creates a lot of confusion among taxpayers is the application of VAT, or the value-added tax most countries levy on the sales of goods and services. Georgia has become the latest nation to free crypto-fiat transactions from […] The post Georgia Exempts Bitcoin From VAT to Become the Next Country to Affirm Its Currency Status appeared first on Bitcoin News .