Bitcoin Price Analysis: BTC Could Make A Sustained Move Higher

Key Points

Bitcoin price broke the key $3,360 and $3,570 resistance levels against the US Dollar.
There was a break above a significant bearish trend line with resistance near $3,200 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
The price could extend the current wave towards $3,925 or $4,030 in the near term.

Bitcoin price started a fresh bullish wave from $3,124 and climbed above $3,570 against the US Dollar. BTC is likely to gain pace towards $3,925 or $4,030 in the coming days.
Bitcoin Price Analysis
There was a solid support formed near the $3,124-3,125 zone in bitcoin price against the US Dollar. The BTC/USD pair started a fresh bullish wave and broke the $3,200 and $3,400 resistance levels. Besides, there was a close above the $3,500 resistance and the 55 simple moving average (4-hours). The price rallied above the 23.6% Fib retracement level of the last major drop from the $4,420 high to $3,124 low.
More importantly, there was a break above a significant bearish trend line with resistance near $3,200 on the 4-hours chart of the BTC/USD pair. The pair finally cleared the $3,570 resistance area, which was a solid support earlier. At the outset, the price is testing the 50% Fib retracement level of the last major drop from the $4,420 high to $3,124 low. A break above the $3,770-3,780 zone could open the doors for more gains above the $3,850 level. The next stop for buyers could be $3,925 (the 61.8% Fib level). However, the main hurdle is near the $4,000-4,030 zone.

Looking at the chart, bitcoin price clearly moved into a bullish above $3,570. However, a break above $3,780 and $3,925 won’t be easy in the near term. The key supports are $3,620 and $3,570.
Looking at the technical indicators:
4-hour MACD – The MACD for BTC/USD is placed nicely in the bullish zone.
4-hour RSI (Relative Strength Index) – The RSI is currently in the overbought zone.
Key Support Level – $3,570
Key Resistance Level – $3,780
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Coinbase Ventures, Polymath and Others Back $3M Funding Round for Crypto Data Startup Nomics

Coinbase Ventures, Polymath and Others Back $3M Funding Round for Crypto Data Startup Nomics
Nomics, cryptocurrency data start-up, has finished its Series A funding round, in which it managed to raise $3 million. The funding was led by Coinbase Ventures and Arthur Ventures, among the participants also were CoVenture Crypto, CityBlock Capital, Digital Currency Group, King Capital, TokenSoft, Polymath and the BitGo founder Ben Davenport.

⚡️ “Nomics Series A Fundraising Announcement”
— Nomics Crypto (@nomicsfinance) December 18, 2018

According to Clay Collins, CEO and co-founder of Nomics, the money raised will be used to develop new products. He said that the primary goal of the company is to expand its index of cryptocurrency data to total 95 percent of the lifetime of activity in the field.
“While it’s a fairly trivial task to price (and have listings for) 95 [percent] of all cryptoassets, getting raw ticks/trades, all on-chain data, and orderbook data (including historical order book) for these assets can prove to be quite an engineering challenge.”
Currently, Nomics employs five full-timers—two in Minneapolis, one in Boston, one in Michigan and one in the Czech Republic. With the latest funding round, the company is expected to recruit more people for its engineering team in 2019.
About Nomics
Nomics is an API-first crypto assets data company that delivers professional-grade market data APIs for institutional crypto investors and exchanges. Nomics offers products and services that allow funds, fintech apps, and exchanges to access clean, normalized and gapless primary source trade and order book data. The company’s mission is to grow the decentralized financial system by making it accessible and understandable to data-driven investors.
CEO Clay Collins said:
“There’s just so much in the graveyard of dead tokens stored in exchanges that don’t exist anymore. Just in terms of being an archivist in the space—‘How many tokens are gone?’ ‘What’s the average lifespan of a token?’ ‘How many coins have done over $1 million in daily volume and ended up dying?’—these are all the kinds of questions you might be able to answer” with a wider pool of data.”
He has also affirmed that the market is finally “wising up” after the “irrationality” of 2017 when people invested too much money in bad companies. Now, they want clean, hard guidelines and good teams. And Nomics is intended to provide such an opportunity.
Users can access the data using the Nomics API, which provides both historical and real-time financial data on different tokenized assets. The company is seeking to unite the data from different exchanges and go deeper than competitors.  According to Collins, “part of the purpose of this fundraising was to go as wide as we can while maintaining this level of depth. A lot of our competitors started very wide but without much depth.”
Nikhil Kalghatgi, a partner at CoVenture Crypto, stated:
“Over time cryptocurrency data has become more expensive and complex to standardize. Unlike traditional markets where data feeds come from a central source, such as the NYSE, in the world of crypto, each exchange develops its own set of APIs. With different methods of organizing data, investors have problems with consistency and scalability. Nomics helps produce clean, consistent data, which is an integral part of the cryptocurrency infrastructure.”
Founded this year, Nomics seems to have quite ambitious plans and a prosperous future. Arthur Ventures partner Patrick Meenan has the same opinion:
“The Nomics API is well-equipped to keep pace with growing investor demand for accurate, gapless crypto market data. Some of the largest industry players are Nomics customers and investors. The API product has made an impression on the market and with our investment, the company is well-positioned to accelerate growth and continue to meet growing demand.”
Currently, Nomics indexes over 3.5 billion data points and services over 35 million API requests from its customers every month. In the near future, Nomics is planning to have millions of new pages available on the API that will provide information about crypto trading.
Coinbase Ventures, Polymath and Others Back $3M Funding Round for Crypto Data Startup Nomics

Overall Cryptocurrency Market Lands Its Second Day of Recovery

Overall Cryptocurrency Market Lands Its Second Day of Recovery
From almost dropping into double digits, the total market cap has gained a solid 14% from its yearly low over the weekend.
On Monday we could see the evaluation of the cryptocurrency market cap at around $103,370,883,000. From there the evaluation has increased to $ $121,269,503,095 what it seems to be its highest point.
24h volume at the time of writing was $19,236,606,352 with BTC Dominance of 53,7%
More and more stablecoin projects have been added to the market, and with the recent downfall of other altcoins, they are getting some recognition. Also, many investors, afraid of the market swings, have pulled out money from other coins, investing in stablecoins instead. The latter is the digital form of fiat currencies and as such provide much more stability.
On December 17th Tether entered the Top 5 by market cap and even if it stayed there for a short amount of time, the asset still ranks at 6th as of December 18th. This is excellent news for USDT which was trailed with controversies and lost $700 million of its market cap. At least, for now, it seems the cryptocurrency has managed to stabilize and recover.
Bitcoin itself sparked off the rally when it jumped over 10% from US$3,260 to over US$3,600 before pulling back a little. Fears of BTC falling to or below US$3,000 have been very real recently, however it managed to find support at US$3,200 and recover from there. Whether this is the start of a longer-term trend remains to be seen, but a Bitcoin bounce is almost always good news for the rest of the digital assets. At the time of writing the price on CoinMarketCap was $3,738.89.
Ethereum (ETH) has also increased around 8% taking it to $102.20. XRP has done even better with a remarkable 18% gain at press time. This has enabled it to expand that market cap gap over ETH again.
EOS is the top performer in the top ten by a factor of two, as it surged nearly 30% over the past 48-hours propelling it into fourth spot on the charts. This may be attributed to recent popular activities like the 3-week workshop and hackathon in India and a Global Hackathon in South Africa.
Stellar has also had a good day with a 14% climb and the rest of the top ten are in double figures aside from one. Bitcoin SV did not enjoy the big pump as it only made a couple of percentage points.
According to CoinMarketCap, BCH was valued at $90.51, with a market cap of $1.5 billion. The coin registered a 24-hour trade volume of $114 million, with a growth of 10.8% in the past 24 hours. However, this could be a momentary growth as the coin was seen going down by 0.32% since then.
According to the 24-hour trading volume, Binance reported the highest trading volume of $13 million with the BCHABC/USDT pair. Binance was followed by Upbit, with $9.7 million with BCH/KRW pair. The third position on the highest-traded volume chart was occupied by Huobi, which marked a $9 million trade with BCH/USDT pair.
It is true though that crypto market was nearly at risk of dropping below $100 billion in value on December 15. This was the first time since Aug 1 last year that such a scare had occurred. However, since that time onwards the crypto market has recovered slightly as its total value increased. Despite this recent recovery traders are still being pretty cautious toward short-term future of cryptocurrency.
Apart from the crypto space, investors in the regular financial sector are struggling to handle the instability within the global financial market because of the volatility of the United States stock market and that of China. For several months at least, it has become highly unlikely that new wave of investors or traders will enter the crypto scene from the traditional financial market giving the digital asset market breathing room.
Institutional Interest as the Catalyst for a Recovery
We all remember a year ago when cryptocurrencies were surging and Bitcoin was coming off its $US19,288 record high. However, when the end of January came this year, the crash came with it.
Bitcoin, and its fellow cryptocurrencies, plunged, but experts say the rapid fall masked some huge developments in the space and they expect Bitcoin & Co to start coming back soon.
Apollo Capital partner Henrik Anderson said:
“I expect Bitcoin to recover as it’s done many times before. It’s declined more than 85 per cent in the past and it’s recovered every time.”
Jack Quigley, founder of FinTech Australia, says he’s seeing anecdotal evidence of a “buying spree” in cryptocurrencies in the last month and large holders of crypto appear to be accumulating again.
The experts agree that institutional interest will be the catalyst for a Bitcoin recovery.
Anderson also points to evidence such as global investor Fidelity launching a custodial service for digital assets, murmurs from Goldman Sachs and Nomura of doing the same, and the New York Stock Exchange opening the Bakkt digital asset exchange in January.
The Bakkt was supposed to launch in November, but claimed interest was so high it needed more time to on-board institutions. The Nasdaq is also in on the digital game, launching Bitcoin futures in the March quarter next year.
Fatfish Blockchain chief Kin Wai Lau says growth based on institutional demand will create a more stable recovery than the speculation-born boom of 2017.
While Bitcoin could potentially rebound to $4,000 to $5,000 in the weeks to come, a cryptocurrency trader with an online alias “The Crypto Dog” emphasized that the macro trend still remains bearish.

Macro trend is still bearish – we're not "out of the bear market" There is no confirmation that the final bottom is in.
However, this current price action is not bearish and I think will continue higher. No need to rush an entry, worst case wait for a great short opportunity.
— The Crypto Dog📈 (@TheCryptoDog) December 18, 2018

Even though cryptocurrency seems to be rising, stock markets continued to fall on Monday, bringing the S&P 500 index to its lowest close for the year after a 2% drop to 2,545.94. The Dow Jones Industrial Average fell 507.53 points to 23,592.98, and the Nasdaq fell 2.2% to close at 6,753.73. The Dow has lost more than 1,000 points in two days.
The Dow and S&P 500 are both technically in a correction, meaning values have fallen at least 10% since recent peaks. The drops come as investors worry about continuing trade tensions, a court ruling declaring Obamacare unconstitutional, the potential partial government shutdown, the unresolved Brexit issue, and a rising backlash against big tech companies.
Some analysts have speculated that the squeeze of short contracts on margin trading platforms led most cryptocurrencies including Bitcoin that demonstrated extremely oversold conditions to endure a corrective rally.
Overall Cryptocurrency Market Lands Its Second Day of Recovery

Bitcoin SV Price Analysis: BSV/USD Trends of December 19–25

Bitcoin SV Price Analysis: BSV/USD Trends of December 19–25
Key Highlights:

Bitcoin SV price turned at $65 price level;
the Bulls have taken over the BSV market;
the Bears lost the momentum.

BSV/USD Price Medium-term Trend: Bullish
Resistance levels: $92, $100, $106
Support levels: $85, $80, $73BSV/USD is on the bullish trend on the medium-term outlook. As predicted last week, the bears pushed the Bitcoin SV price downside and broke the $89 price level and the crypto found the support at $65. Later, the bears lost the pressure. The bullish inside bar candle pattern formed indicates the increase of bullish momentum which pushed the BSV price up and broke up many barriers such as $73, $80 and $85 old resistance levels.
The 21-day EMA is making an attempt to cross the 50-day EMA upside and the BSV price is trading above the 50-day EMA which indicate the bullish pressure on the BSV market is high. Bitcoin SV price is currently on the support level of $85 exposed to the resistance level of $92 where it is retesting the broken level as this is the characteristics of a trending market. The relative strength index period 14 is at 60 levels pointing down indicates sell signal which may be a pullback for the trend to continue.
Should the bulls maintain their momentum, BSV price may have its high at $100 resistance level. On the other hand, in case the bears defend the resistance level of $92, the price will bounce and Bitcoin SV will resume its downtrend and have its target at the previous low.
BSV/USD Price Short-term Trend: Bullish
BSV/USD is bullish on the short-term outlook. The coin fell to the low of $65 on December 15. The bulls gained momentum; this is confirmed by the bullish inside bar candle formed. BSV price rallied to the north to break former resistance levels of $73, $80 and $85. The BSV market has been making higher highs movement.
Bitcoin SV price is above the 21-day EMA and 50-day EMA with several downward rejections at the two EMAs, which indicates that the bulls are in control of the BSV market. The relative strength index period 14 is below 60 levels pointing down indicates sell signal which may be temporary before an uptrend continues.
Bitcoin SV Price Analysis: BSV/USD Trends of December 19–25

Digital Asset Holdings Seek for a New CEO as Blythe Masters Is Stepping Down

Digital Asset Holdings Seek for a New CEO as Blythe Masters Is Stepping Down
Digital Asset, the leading provider of distributed ledger technology (DLT), has lost its CEO Blythe Masters, one of the outstanding figures in the blockchain space.

Blythe Masters steps down as CEO of Digital Asset
— Digital Asset (@digitalassetcom) December 19, 2018

Blythe Masters became CEO of New York-based Digital Asset in March of 2015, several months after the company launched. Prior to joining Digital Assets, Masters served as a JPMorgan Chase executive. According to the Global Fund for Women, Masters is also chair of the Governing board of the Linux Foundation’s Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the United States Chamber of Digital Commerce.
After joining Digital Asset, Masters become one of the most prominent figures and vocal proponents of the benefits of distributed ledger technology. One of the most well-known women in the cryptocurrency space, Masters facilitated establishing partnerships with banks worldwide. Under her leadership, Digital Asset partnered with some big companies including the Depository Trust and Clearing Corporation, Google Cloud and the Australian Securities Exchange.
Now, three a half years later, Blythe Masters is stepping down. According to the company’s announcement, she has requested to leave for personal reasons.
While the company is searching for a permanent replacement, the post of an acting CEO will be now taken up by AG Gangadhar, who joined the firm’s board of directors in April. Previously, Gangadhar worked at Google, Microsoft, Amazon, Cruise (GM) and Uber.
Masters wrote:
“Working as part of the DA family means the world to me, but I also work for my family’s future and I need to focus on this for a while.”
She has also expressed confidence in Gangadhar:
“Digital Asset has evolved from an ambitious idea to a truly global software engineering firm. We are fortunate to have a deep bench of accomplished executives on the management team and Board, including AG, who have the requisite experience to take the company to the next level.”
She added:
“Having come to know and trust AG as an advisor and Board member, I am convinced that he brings what’s needed to guide the company through its next phase.”
Michael Bodson, president and CEO of the Depository Trust and Clearing Corporation and member of the Digital Asset board, thanked Masters for working at Digital Asset and contributing to the company’s growth. He said:
“On behalf of the Digital Asset Board, I would like to thank Blythe for her leadership and vision, which has propelled the company from a promising startup to a globally recognized leader in DLT. We are excited to have a world-renowned technologist like AG to help take the company forward.”
Meanwhile, Masters will stay active in Digital Asset’s operations as a board member, strategic advisor, and shareholder.
Digital Asset Holdings Seek for a New CEO as Blythe Masters Is Stepping Down

Blockchain Must Be Applied to Real World Problems to Become Mainstream

The blockchain hype is being described as “dead,” according to one source. After months of price drops amongst the biggest cryptocurrencies out there, the crypto world is finally coming to a halt, but is it safe to say that all the hoopla has closed out permanently?
One of the most recent topics covered by Live Bitcoin News was ConsenSys. Started in 2014 by Ethereum co-founder Joseph Lubin, the crypto executive explained that the company was not performing well as of late due to the ongoing crypto winter, though he mentioned in the same interview that he wasn’t particularly worried about the situation.
A Blockchain Company Is Suffering Deeply
What wasn’t mentioned is that recently, ConsenSys laid off approximately 13 percent of its work staff, and Lubin is funding the company’s operations largely from his own private crypto stash. It is rumored that Lubin owns the largest amount of ether tokens amongst industry leaders. Previously, ConsenSys housed roughly 1,200 employees, meaning about 150 of them are now jobless.
One of the major problems – per the recent source – states that ConsenSys was spending over $100 million a year funding new blockchain and crypto-related startups and venture funds. Thanks partly to the crash that has caused entities like bitcoin, Ethereum and EOS to lose over 80 percent of their values, many of these startups have become null and void in the ever-growing financial ladder.
Several of these ventures also raised funds through initial coin offerings (ICOs), garnering ether tokens in exchange for access to their goods and services. With the sudden decline of ether, these companies no longer have the backbones necessary to compete. This also means that if ConsenSys helped fund these companies, representatives are likely losing out.
One of the other big problems, however, does not relate to the drops in crypto prices, but rather the fact that blockchain technology still lacks what the source calls a “killer app.” Presently, blockchain offers many advantages, though very few have been appropriately applied to real-world problems that have little or nothing to do with finance.
The Blockchain Must Work Outside Finance
Such an app in this space could potentially bring newfound attention and mainstream legitimacy to blockchain technology. In addition, it could also assist businesses within the space to garner the revenue and capital they’ll need to stay competitive with high-end players. Presently, however, the only applications that seem to exist are for digital exchanges.
The source compares the blockchain to the internet and says that the latter only became effective when entrepreneurs and business professionals realized how to use it to solve real customers’ needs. Blockchain will need to experience a similar transition at the hands of entrepreneurs – not data scientists – if it’s to ever be successful and profitable in a more mainstream sense.
Will the blockchain ever become the staple technology of the globe? Post your comments below.
Image courtesy of Shuttershock
The post Blockchain Must Be Applied to Real World Problems to Become Mainstream appeared first on Live Bitcoin News.

XRP Price Analysis: XRP/USD Trends of December 19–25

XRP Price Analysis: XRP/USD Trends of December 19–25
Key Highlights:

The Bears lose its pressure on the XRP market;
the demand level of $0.28 was a turning point;
the Bulls take over the XRP market.

XRP/USD Price Long-term Trend: Bullish
Supply levels: $0.43, $0.50, $0.54
Demand levels: $0.38, $0.33, $0.28XRP is bullish in its long-term outlook. The bearish trend that commenced on November 7 ended on December 16 as the XRP price bottomed at the demand level of $0.28. The pressure to the downside could not be sustained by the bears when it reached that significant low level and the Bulls defended the aforementioned level. The formation of strong bullish candles that broke upside the former supply levels of $0.33 and $0.38 signaled the arrival of the bulls with high momentum.
XRP price has crossed the 21- day EMA upside while 50-day EMA is above the price which indicates that the bearish trend on the XRP market is changing to a bullish trend. It is likely for the uptrend movement to continue; as the Relative Strength Index period 14, is around 60 levels pointing up which indicate a buy signal. In case of the present daily bullish candle close above the supply level of $0.38 and 50-day EMA then, traders can place a long trading position as the coin may have its target at $0.43.
XRP/USD Price Medium-term Trend: Bullish
On the 4-Hour chart, XRP is on the bullish trend. The coin found its low at $0.28 on December 15 after which an inside bar candle pattern formed which brought about the bullish momentum that made the coin to rally to the north. The former supply level of $0.33 broken upside, the retest carried out, the bulls gained pressure pushed the XRP price up, broke upside the supply level of $0.38 and the retest is ongoing.
The 21-day EMA has crossed the 50-day EMA and the XRP price is trading above the two EMAs as a confirmation to the bullish trend. However, the Relative Strength Index period 14 is at oversold region pointing down which indicates sell signal which may be a pullback before uptrend continues.
To learn more about XRP coin, Ripple company and their innovative solutions, please check out our awesome guide.
XRP Price Analysis: XRP/USD Trends of December 19–25

6 Craziest 2019 Crypto Market Development Scenarios from ICOBox

6 Craziest 2019 Crypto Market Development Scenarios from ICOBox
After the insane cryptocurrency rallies of 2017 and their spectacular crash in 2018, the next year, according to those in the know, may be a year of relative calm, which at times may feel like stagnation. This will allow the market to take a breather, purge itself, figure out the regulatory environment, and determine the direction of its continued development.
We at ICOBox are fairly certain that this is exactly what will happen, but regardless, we have put together a list of six unlikely, shocking and even fantastical predictions for the 2019 crypto market, each of which may act as a catalyst for either the next crash or the next boom. Please do not rely on our ideas in deciding to support a particular crypto project and do not take our forecasts as something that will come to pass in part or in full.
Nasdaq Will Gobble up Binance for $1 Billion
In early December it came out that Nasdaq, one of the world’s biggest stock exchanges that trades high-tech stock, officially confirmed that it will be launching a cryptocurrency platform in the first part of 2019. The new platform will come live as soon as the US Commodity Futures Trading Commission (CFTC) grants the exchange the necessary approval.
It is not implausible that once this happens, Nasdaq will attempt to acquire Binance – the biggest cryptocurrency trading platform. The deal may be extremely advantageous for both parties. Because of the ongoing crisis on the crypto market, the number of active transactions on Binance dropped by 9/10 compared to January of this year. And even though in one of his recent interviews Binance CEO Changpeng Zhao claimed that his company is not concerned about the drop in the trade volume, he is likely not being perfectly candid here – to ignore these numbers would be unthinkable.
Nasdaq in turn has never denied their interest in the crypto market, and once they obtain the CFTC approval, they will have all the aces to proceed with the plan. How high much will Binance go for? Bitstamp, which held the 11th place in the world in terms of the 24-hour turnover, was sold this year for $400 million. So it is not unreasonable to expect that Binance, with its two ready to roll ambitious projects – Binance Chain blockchain and decentralized exchange Binance DEX – will go for a cool $1 billion.
In the Event of the Worldwide Crisis 10 Countries Will Be Launching Their Cryptocurrencies
The era of the US economic growth is coming to an end, and investors are seeing first signs of the impending recession: the yield spread between long and short US treasury bonds has recently took a nosedive, landing in the negative territory.
Last time this happened in 2007, shortly before the infamous Lehman Brothers collapse. This points to a likelihood of a looming global economic crisis in 2019, which will trigger another currency crash in the developing world. To avoid this, small countries can try to “digitize” their money, following the example of several countries that are under economic sanctions. By creating new virtual means of payment, they will attempt to avoid a massive issue of fiat money and the ensuing colossal inflation.
Following Venezuela and Iran, Ukraine is now testing the alternative currency waters. Their National Bank launched a research project to implement Electronic Hryvnia, which will be traded at 1:1 with regular hryvnia. Ukrainian crypto exchange Kuna has been busy developing a national stablecoin (working name “cryptohryvnia”) since 2017. The new coin will have properties of various types of coins depending on the transaction and will be used as an alternative to traditional legal tender.
These cryptocurrencies are unlikely to be of much use in international settlements in the event of a massive national currencies crash or ramped up sanctions. Indeed, it is much more likely that if dollar were to be pushed out as a main settlement instrument, it will be replaced by euro. But the use of national cryptocurrencies can be quite effective for preventing public panic on local markets and among citizenry. We cannot exclude that as many as 10 new countries will be launching their cryptocurrencies in the event of a global crisis.
Ethereum to Drop to $1
Like most major cryptocurrencies, Ethereum shot up between December 2017 and February 2018, i.e. in the balmy days of the crypto market. Having gone through a subsequent one-time upsurge in May, the currency took a downward turn, moving further and further away from Bitcoin.
At the same time, the number of successfully launched and completed ICOs also decreased rapidly, and these trends were definitely related. Ethereum blockchain allows to easily create and issue new tokens – a feature very much enjoyed by new startups, as the vast majority of projects conducting ICOs were based on Ethereum capacities.
The crypto market’s “nuclear winter,” which was accompanied by the 70% drop in market capitalization, the crash of all main cryptocurrencies, and the massive shift away from ICOs, may cause Ethereum to lose most of its value. And even the $1 scenario doesn’t appear impossible at this point.
Bitcoin will be the Only Top 50 Currency to Continue Being Mined
The global crash of main cryptocurrencies caused a collapse in the mining industry. Things got so bad that Chinese miners started selling their mining rigs for scrap rather than as valuable pieces of equipment. Nvidia, one of the world’s biggest manufacturers of graphics cards for gaming, which are used for mining, announced that it will be moving away from the crypto industry after their sales in this market dropped by 5.5 times.
While the situation in the industrial, corporate mining is critical but not yet hopeless, the profitability of cryptocurrency mining for individual small-time miners is nearly at zero. This makes it quite possible that in 2019 bitcoin will remain the only profitable currency to mine out of the top 50 tracked by CoinMarketCap. Considering that the foundational currency’s market share remains at over 50%, and that situation is unlikely to change any time soon, this scenario cannot be excluded.
STOs Will Carve a 10% Share of the Securities Market for Themselves
The ongoing stagnation in the crypto industry, the decreasing number of ICOs, the lack of concise and definitive legal regulation, the crash of all major cryptocurrencies and their wild volatility are making the market seek new development routes.
Small players who often didn’t look past the initial money collection will come to be replaced by major investors, including institutional investors. They are looking for a different environment and transparent, clear rules of the game.
This is why we are watching the birth of an entirely new but extremely promising market segment – that of security tokens, which meet the regulatory requirements and open access to traditional capital for startups. This is a well understood and familiar instrument for professional market players, and all signs point to 2019 becoming a year of STOs (Security Token Offerings), which will replace the now-obsolete ICOs.
And considering the growing interest of major multinationals in security tokens (and our own interest in extraordinary and improbable scenarios!), there is a chance that STOs will carve for themselves 10% of the securities market.
Central Banks Will Convert 20% of Their Reserves into Bitcoins; BTC to Surge up to $200k
Recently, the Swiss Financial Market Supervisory Authority (FINMA) determined the maximum amount of crypto assets share in the total capital of the country’s banks. The limit is set at 4%. Taking into account that Switzerland is eager to become one of the world’s leaders in the crypto space, and that many of the world’s governments look to the country for guidance in bank management, this decision has every chance of becoming the cornerstone principle for other major financial institutions.
However, when the 4% number was first announced, the Swiss regulator most likely was considering the current market potential rather than the likely global financial crisis situation we mentioned earlier. The new crisis may cause the price of gold to collapse.
This is what happened in 2008, when the world went through the most devastating economic paralyses since the Great Depression. In 2008-2009 the price of gold dropped from over $1,000 to $700 per ounce. A new crash of the price of the planet’s most precious metal will force banks to quickly find alternative safe havens for their rapidly vanishing reserves – and 20% of them may be converted to bitcoin. Which will make bitcoin price surge up to $200K.
6 Craziest 2019 Crypto Market Development Scenarios from ICOBox

Announcing The Launch Of The iFX EXPO Asia 2019

Announcing The Launch Of The iFX EXPO Asia 2019
CONVERSION PROS, a leading marketing agency focused on the finance sector and founding company behind the iFX EXPO series of financial B2B events, has announced their next event, the iFX EXPO Asia 2019, returning to Hong Kong from the 22nd to the 24th January 2019 and taking place at the HKCEC (Hong Kong Convention & Exhibition Centre).
This will be the ultimate offline event for online fintech executives, according to Gal Ron, CEO of CONVERSION PROS:
“It is my honor to announce the official launch of iFX EXPO Asia 2019. As the first major B2B event of the year, our show attracts industry leaders from around the world looking for new opportunities within the eastern markets and not only.
With over a dozen shows to date, we have welcomed through our Expo doors over 35,000 attendees and over 1,500 exhibitors. We pride ourselves in providing a unique networking environment both in the Expo Hall and beyond, which proves to be successful year after year. For the upcoming event, we have created a state-of-the-art expo floor, designed to meet and exceed the expectations of our attendees and exhibitors alike. More sponsorships, more booths, more meeting areas, more entertainment, more opportunities to reach your business goals!
There have been a lot of changes in the Fintech sector over the past year so for anyone keen on knowing what happens next, learning about future trends and being ahead of the game, iFX EXPO Asia 2019 is THE place to be. We look forward to welcoming hundreds of key industry players from the Asian market as well as from the rest of the globe.”
Hong Kong is THE financial powerhouse for the region and is home to numerous, well-established financial services firms. In a global business environment, Asia has served as a major arena for FX and CFD trading with many financial brokerages around the world looking to expand their reach into Eastern Markets.
The iFX EXPO has established itself as a knowledge hub with its Speaker Hall and Workshop Room, hosting a variety of panels, key-note speeches as well as workshops that cover topics from marketing to retail trading, fintech opportunities in Asia, CEO insights and much more.
For firms who are already established or for those who are interested in starting up a Forex /CFD brokerage, they will find the latest knowledge and know-how from industry experts including turnkey set up; regulatory requirements, company formation, technology, risk management, staff and marketing expertise.
To take advantage of the sponsorship and exhibition opportunities that are still available, and for more information on attending visit or contact [email protected]
Announcing The Launch Of The iFX EXPO Asia 2019

France Rejects Crypto-Friendly Taxation Policies

France has gotten in the way of a long list of new crypto-friendly tax regulations that seek to provide cryptocurrency merchants and their customers with more profits.
The French Nationwide Meeting rejected the regulations on Monday, believing that the present rate of tax exemptions is fair, and thus warrant no changes. At the time of writing, these exemptions stand at 305 euros, though the new laws would have risen this rate to roughly 3,000 or 5,000 euros. Members of the Meeting stated that such a spike would be nothing less than “extreme.”
All Crypto Businesses Are Pooled Together
In addition, the Meeting also turned down regulations that would have granted different rules for enterprises that engage in short-term or occasional cryptocurrency trades and those that did so regularly. A bill was also rejected that would have benefited those who have experienced capital losses on their digital asset portfolios.
Surprisingly, one amendment left out of the Meeting was a 30 percent flat tax set to be implemented for all cryptocurrency transactions. Presently, crypto property is taxed at over 36 percent, which accounts for 19 percent revenue and 17 percent social contributions. The Nationwide Meeting assembly has stated in the past that:
“A flat tax charge is positively welcomed for its simplicity and authorized certainty.”
the tax is described as follows:
“At present, bitcoin good points are taxed at a charge of 36.2 percent, whereas different types of capital good points on different non-real property are taxed at a flat 30 percent. The finance fee adopted a medication to the 2019 price range invoice that may topic gross sales of crypto-assets like bitcoin to the 30 percent flat charge as effectively.”
If the law had gone into effect for crypto-based property, such assets would be subject to the standard 30 percent tax rate rather than 36, lowering fees significantly for local traders.
Regular Crypto Activity in Europe
Over the past year, Europe has become something of a major crypto haven. Iceland, for example, has admitted that it currently requires more electricity to power its many bitcoin mining operations than it does to power all its residences, while Malta has become a central hub for several crypto businesses that have since packed up their bags and moved from Asia due to the continent’s growing (and restrictive) legislation regarding digital assets.
Switzerland arguably stands as Europe’s top crypto-performing nation, housing what’s known as Crypto Valley – an assortment of both blockchain and digital currency-based startups and business ventures.
Will France eventually see the light when it comes to cryptocurrency? Post your comments below.
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