#newkidsontheblockchain #ethereum #btcnews
Happy New Year everyone. In this, our first show for 2019, The New Kids On The Blockchain continue our theme of a look back and look forward with the high lites and lowlights of 2018 and what people ae excited about for the coming year in Crypto and blockchain.
We chat to Chris Coney for his views on the market back then and the year ahead in the Cryptoverse, Pillar Project about their year leading up to the launch of their wallet, Bix Weir chats about the year gone by and what he hopes will happen in 2019, Wandex about what the future holds and Debitum talk about their launch and the year ahead . But before that:
NEWS
Bitcoin Bulls Ready to Run, Why Crypto is About to Take Off Again
Over the past 12 months Bitcoin has continued to fall, dragging the entire crypto market down with it. The daddy of all digital currencies hit a 16 month low in mid-December when it fell below $3,200. Things could be on the verge of a reversal soon though according to analysts.
A positive start to 2019 and new technical analysis suggests that trends are about to turn for Bitcoin and its brethren. An indicator used to detect trend reversals shows that Bitcoin is in its longest buying streak for six months according to Forbes.
Prominent Analyst: Bitcoin Will Bottom Between $1,800 and $2,400
Bitcoin Hasn’t Bottomed Just Yet SAYS Murad Mahmudov, a leading cryptocurrency analyst and economist, Mahmudov claimed that BTC is still in the process of finding a long-term foothold, explaining that the world’s first cryptocurrency is most likely to bottom with the $1,800 to $2,400 range. For some perspective, a $2,000 price level will require the Bitcoin price to drop an additional ~50% from current prices — not the end of the world, but a dismal move nonetheless.
Mahmudov, who hinted at his intent to launch a crypto-centric hedge fund in the near future, also noted that a number of altcoins, like Ether (ETH), EOS, XRP, among others, are still drastically overvalued, especially considering their often misconstrued value propositions.
Ethereum Extends Impressive Run, up 35% in 1 Week: Factors and Trends
Within seven days, the Ethereum price has increased from $117 to $159, by over 35 percent against the U.S. dollar, making it one of the best performing crypto assets throughout the past two months.
Analysts have attributed the positive price movement of Ethereum to its upcoming Constantinople hard fork. The fork is set to decrease the block reward of Ethereum from 3 to 2, reducing the potential circulating supply of Ethereum in the long-term.
Major cryptocurrency exchanges have announced support for the hard fork which is expected to occur between January 14 to 18.
‘Crypto Needs Rules’ Says New Gemini Ad Campaign
The Gemini cryptocurrency exchange founded by the Winklevoss twins in 2014 is calling for better regulation of the crypto space in a new ad campaign, the Wall Street Journal (WSJ) reports on Jan. 4. Placards on taxis and in the New York City subway contain slogans like “crypto needs rules” while simultaneously suggesting that Gemini already provides a regulatory compliant exchange for investors. Other slogans include “money has a future” and “crypto without chaos.”
Chris Roan, head of marketing at Gemini, told the WSJ:
“We believe that investors coming into cryptocurrency deserve the exact same protections as investors in more traditional markets, adhering to the same standards, practices, regulations and compliance protocols.”
Some in the crypto space have criticized the ads, saying that the introduction of anti-money laundering (AML), Know Your Customer (KYC) and other security measures is antithetical to the founding principles of cryptocurrencies.
We have two tickets to giveaway this week to the Colossus invest show Colossus Invest Tickets, Sat, 19 Jan 2019
To win tell us if you had to sink every single penny you own into one project right now for the whole of 2019 what would it be and why would you be so confident it will be a success?
Bitcoin Bulls Ready to Run, Why Crypto is About to Take Off Again
Prominent Analyst: Bitcoin Will Bottom Between $1,800 and $2,400
https://cointelegraph.com/news/crypto-needs-rules-says-new-gemini-ad-campaign
https://colossusinvest.com/
https://colossusinvest.com/
https://www.newkidsontheblockchain.com/
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NB. All information shared here is for information only and should not be considered any kind of financial advice. Always do your own research.
Music by http://www.bensound.com
NB. All information shared here is for information only and should not be considered any kind of financial advice. Always do your own research.
