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  2. Bitcoin is increasingly being viewed as a store of value, even US politicians are now accepting this notion as investors grow increasingly wary of fiat and its propensity for devaluation. One of the biggest fears is a repeat of the global financial crisis which wiped billions off stock markets and plunged economies into turmoil. Seven Financial Crisis Triggers The next one could be closer than we think and there are a number of trigger events that may set the avalanche in motion which would lead to a massive reallocation of assets in our financial system. Fund manager behind Bitcoin Capital, Simon Dixon, highlighted some of the events that could trigger the next economic collapse. Government debt is out of control in most major global economies which have been using financial markets to borrow excessive amounts of money. The debt is so large now that governments cannot meet their financial liabilities and it has gone into a negative return. There is an ever-increasing debt ceiling in the US as the debts spiral out of control which could trigger another meltdown. A second trigger event could be the stock market which propped up by debt rather than natural consumption. The central bank also injects money into the markets by lending at artificially low rates through schemes such as quantitative easing. With billions entering the economy, some of the larger companies can have excessive profits which enable them to have stock buyback schemes. These could eventually turn investors off the stock and bond markets. A global movement towards discouraging savings has resulted in negative interest rates in many countries. Fractional reserve banking, whereby a bank does not need a deposit to issue a loan, also contributes to excessive debts as does the lack of saving deposits which now costs money under negative rates. Insolvent pension schemes whereby governments do not have enough to meet their obligations could also become a trigger event. Traditionally pension plans have invested in lower-risk asset classes such as bonds but with higher yield sought they will be going into higher risk classes such as stock markets which are artificially propped up by debt. Over-dependence on student loans whereby students were sold the promise that once qualified, a better job would enable them to pay off the debt, has resulted in too many with degrees and masters still deep in a growing debt cycle. Banks also encourage the debt cycle by offering low-interest loans which exacerbates the entire debt crisis. Credit card debt is also on the rise and a lot of people are reallocating loans and mortgages through lower repayment credit card systems with little intention to pay it all off. This could lead to another trigger or systemic risk event in a credit card crisis. An over-dependence on real estate markets could also spark off an economic crisis. Banks, which can print money, rely on lower-risk assets such as property to issue mortgages. Banks were encouraging people with lower credit ratings to take on loans (subprime mortgages) in order to ‘own’ their own property, which also created artificial prices and a false sense of security from those taking the mortgages. Bitcoin Adoption Will Increase Anyone of these trigger events could cause a meltdown in the current financial system which would lead to massive wealth distribution. Bitcoin has a lot going for it with these factors in mind. With its finite supply, approaching halving event, mathematical integrity, immunity from the political and banking systems, and a growing mainstream and institutional interest, BTC could be the place to go when the financial walls tumble down again. Would you invest in bitcoin to survive the next crisis? Add your comments below. Image via Shutterstock The post 7 Financial Crisis Triggers That Will Boost Bitcoin Adoption appeared first on Bitcoinist.com. View the full article
  3. SatoshiCentre in Botswana has been a Bitcoin educator and FinTech incubator since 2014, and is driving innovation in one of Africa’s most prospering crypto country. Bitcoin Awareness In Botswana SatoshiCentre was the brainchild of ‘Bitcoin Lady’, Alakanani Itireleng, a tireless champion of Bitcoin and regular keynote speaker. Her initial intent was to create a platform to increase awareness of Bitcoin and blockchain technology in Botswana and Africa. This was at a time when cryptocurrency was still very much a tiny niche counterculture in more developed nations. Since then, it has expanded to provide services as an incubator for startups and entrepreneurs who want to use blockchain to address Africa’s diverse challenges. Through mentorships, training and meet-ups, the centre aims to “build a community of adopters, users, thinkers and coders in Botswana.” In June 2018, SatoshiCentre was one of the founding members of the Botswana Blockchain Association, which is itself part of the Africa Blockchain Alliance. Africa Is A Perfect Fit For Bitcoin Africa would seem well placed to take advantage of the benefits that Bitcoin has to offer. One of the big reasons for this is the accepted practice of transferring money via smartphone apps. While western cultures must adapt from traditional methods of bank transfer, African nations are already comfortable with such systems. This is, in part, due to the traditional banking structure in many African nations, which leaves many unbanked. As SatoshiCentre say: Bitcoin is permissionless, so, unlike the legacy financial and monetary systems, all of Botswana [and Africa] is free to join. Bitcoin also enables better remittance payment systems, and could help to reduce criminal activity and corruption, which is rife in some African nations. Botswana is a Safe Haven for Innovation Fortunately, corruption is not a big problem in Botswana as it is one of Africa’s most stable nations. It boasts the continent’s longest continuous multi-party democracy, and has a good human-rights record. Without the concerns of many of its neighbours, the startups here can focus on innovation in entirely new areas, and SatoshiCentre provides a forum to encourage this. They are also not hampered by onerous regulations; the central bank has stated that it currently has no intention of regulating or studying cryptocurrencies. One thing that Botswana doesn’t have is its own cryptocurrency exchange. Locals tend to use WhatsApp or Facebook groups, or have to use South African exchanges. Whilst Botswana mat not have the sizeable Bitcoin communities of Kenya, Nigeria, or South Africa, it has a growing scene working on local solutions and spreading awareness. Will Botswana become the African hub of blockchain innovation? Let us know your thoughts in the comment section below! Images courtesy of Shutterstock The post Bringing Better Bitcoin Awareness To Botswana appeared first on Bitcoinist.com. View the full article
  4. A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users. View the full article
  5. Three days after Bloomberg published a report about BitMEX facing a regulatory investigation, the crypto derivatives exchange is still without an explanation. A quick look at the Seychelles firm’s official social media handles, including an otherwise active Twitter page of founder & CEO Arthur Hayes, shows no response about the current scandal. As BitMEX goes mum on the matter, the exchange is witnessing a more massive outflow of bitcoins from its wallet reserves. Twitterati Token Analyst on Saturday noted that BitMEX processed $85 million worth of crypto withdrawals on a 24-hour timeframe. At the same time, the exchange processed deposits of only $12 million. 24H BTC exchange on-chain flows:#binance: $58M in | $54M out#bitstamp: $52M in | $50M out#bittrex: $4M in | $5M out#poloniex: $6M in | $4M out#bitmex: $12M in | $85M out See more at https://t.co/6AFFM1D63p — TokenAnalyst (@thetokenanalyst) July 20, 2019 The probe, launched by the Commodity Futures Trading Commission (CFTC), focuses on whether BitMEX, a non-US entity, offered services to the American citizens. In its response to Bloomberg, BitMEX said it “does not comment on any media reports about inquiries or investigations by government agencies or regulators.” Nouriel Roubini Attacks BitMEX – Again BitMEX and its founding partners’ silence prompted an increase in verbal attacks from their critics. Noted economist Nouriel Roubini, who debated Hayes during the latest Asia Blockchain Summit in Taiwan, weaponized the Bloomberg report to reiterate his objection. He supported the investigation led by the Commodity Futures Trading Commission against BitMEX as he tagged Hayes’ official Twitter handle in a majority of his tweets. Agreed. I rekt @CryptoHayes in the debate and now he is in deep trouble as the @CFTC is investigating him and his @BitMEXdotcom racket https://t.co/30GAVqk0Ob — Nouriel Roubini (@Nouriel) July 21, 2019 “Hayes indeed got [totally] rekt at the conference,” Roubini said in a tweet. “Then [he] tried to be cocky till I destroyed him in public and exposed BitMEX scams in my ProSyn article. Then he was hit with the CFTC investigation. So for a week, he has been [quietly] hiding in his gilded Seychelles cave.” Criticism also came from inside the cryptocurrency community. Scott Melker, a crypto trader, associated with TexasWest Capital, supported Roubini on his comments about BitMEX. He shared his tweet published on April 26, stating that what Roubini said in the recent days is something he is warning the community about for a long time. Excerpts: “The existence of Bitmex boggles my mind. The platform can effectively steal your money whenever they want (failed stop loss, system overload), blame in on the poor tech and return nothing. It’s the biggest and most impressive scam I’ve seen. And you all accept this as normal.” You may not be a fan of @Nouriel, but he is spot on regarding Bitmex, and I have personally described these practices via twitter a number of times. Arthur should not have poked this nest. https://t.co/MX7uM8aLcL — The Wolf Of All Streets (@scottmelker) July 19, 2019 BitMEX Defense from Past Hayes, in his debate with Roubini, said he does not believe the US should act as a trendsetter when it comes to regulating financial organizations. The statement, in turn, followed BitMEX’s decision to quit the North American market after the crackdown by the Canadian regulatory body Autorité des marchés financiers (AMF). An external spokesperson said in January that BitMEX has refrained from offering services to US citizens since 2015. He added that users, nevertheless, attempt to trade on their exchange using virtual private network services. “BitMEX has always retained the right to close any accounts and to liquidate any open positions where any BitMEX trading participant has given false representations as to their location or place of residence,” the spokesperson clarified. The post BitMEX CEO Arthur Hayes Goes Mum amid CFTC Probe Rumor appeared first on NewsBTC. View the full article
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  7. BTC always takes your fancy. But to own one, it certainly will cost you a good fortune. Check Our Crypto Galaxy Page and visit Giveaway Warz Giveaway Warz - eGamers.io Crypto & Games Well, there are a few ways to earn Bitcoin(ETH) without depositing one single Satoshi of your own. From using faucet sites, taking polls, or getting paid for freelance work in Bitcoin, venues that pay in BTC are readily available for those willing to earn it through hard work or sacrificing time. Only problem is, most of these will earn you an unattractive amount of Satoshi for the time you put in and are downright boring. What you really wanna find is an easy way to earn a decent amount of BTC while having fun doing it, right? PLAY NOW CRYPTOGALAXY CryptoGalaxy - The first ever virtual universe based on blockchain For example, would you believe that there is a game in blockchain you can play on your smart phone that allows you to earn BTC and ETH while getting lost in playing a game you’ll actually enjoy? CryptoGalaxy 2.0.9 is here to prove that you are not daydreaming and it’s all true–Just get started with small investment, then you can simply play your way to earn BTC and ETH. CryptoGalaxy 2.0.9 is truly fun to play with exquisite design and requires some element of skill as opposed to the vast majority of straight-up-luck cryptogames or those that looks like nothing but static jpgs and can’t even justify the word “game” . From its official debut since last year till now, we have achieved a huge player base of almost 20,000 while more than 800 planets are conquered by our explorers. This article mainly focuses on three parts as follows: How to earn BTC, ETH and planets What’s new about CryptoGalaxy 2.0.9 Other tips that may interest you Part I How to earn BTC, ETH and planets I can feel my pulse shooting up at topic like this!!! First of all,in-game prize pool rewards are adjusted with the opportunity to win ETH, BTC, and Planet, etc. Updated Prize pools: Pellaeon Class: Glore, Beryl (greatly increased ), Geo pieces Star Destroyer: Beryl, Sapphire, Gala (greatly increased), ZUSD, Bryne pieces, ETH pieces Prometheus: Sapphire, ZPT, ZUSD, USDT, Planet, Exporation cards, Yuri pieces, ETH pieces, BTC pieces. As “space hunt pieces” is now live in CryptoGalaxy 2.0.9, you can just launch “Destroyer” and “Prometheus” spaceships (through “Discover” page of the game) to embark on a rewarding space exploration journey! Besides, planets are in-game scarce assets that can be sold for real profit at quite a decent price! A total fixed supply of planets is 4100 while more than 800 of which are taken away by explorers. Launch “Prometheus” spaceship to hunt one. Once your spaceship finds pieces,you can convert them into assets: 45 Geo pieces+30 Bryne pieces+15 Yuri pieces=1 planet 15ETH pieces=1ETH 50BTC pieces=1BTC Please note that you can directly convert pieces (if all required are collected) into planets in the game. For other crypto rewards like USDT、ETH、BTC, please contact the admin for pieces exchange. Part II What’s new about CryptoGalaxy 2.0.9 CryptoGalaxy 2.0.9 presents itself with a touch of new features and changelogs, including BTC/ETH hunt, Updated Galabot UI, new mining mechanism and so on. In addition, a mini-game “Survivor” developed by dWin has been integrated into CryptoGalaxy as well. Click here for more detailed updated upon CryptoGalaxy 2.0.9 Part III Other things you may need to know Planets vary from one to one in terms of attributes and price. Make sure you understand the value of the one(s) owned by you and do not trade your precious planets at a fire-sale price. (wow, some are willing to buy one at $1699). Please upgrade your Robots ( GalaBot, Grubber or Whale) to earn more mineral output. Try to be a planet owner, who always gains the most at the top of the food chain. High-level and high-rated planets will significantly increase the visibility as well as the profit of their owners. According to current players and conquered planets, each planet owner can earn extra $3-5, which amounts to $ 1460 over one year. (The revenue will wow you if using Grubber and Whale for digging mineral!) Don’t be upset for not winning BTC or ETH through your space exploration. Just bear in mind Beryl and Sapphire prize pool is packed full of precious [email protected] Stay away from short-termism. It really pays off to own some good valuable in-game assets like planets, exploration cards and Robots. Spending Gala, ZUSD and USDT to get one! PLAY NOW CRYPTOGALAXY CryptoGalaxy - The first ever virtual universe based on blockchain
  8. Daimler, the corporation behind Mercedes-Benz, partnered with blockchain startup Riddle & Code to provide an open car hardware wallet solution View the full article
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  11. The stock market’s unstoppable bull run could keep forging new highs for another eight years. That’s according to Fidelity’s director of global macro, Jurrien Timmer. After breaking new record territory last week, Timmer believes the S&P 500 and Dow Jones are in a bullish super-cycle. And they’re not overcooked yet. If he’s right, any downturns […] The post Stock Market Could Rage Higher For Another 8 Years, Fidelity Strategist Claims appeared first on CCN Markets View the full article
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  13. The crypto exchange left a database open on the internet and leaked data for up to 300,000 users. View the full article
  14. 13 июля хакеры взломали сервер московской IT-компании «Сайтэк». Предполагается, что взломщики удалили 7,5 терабайт данных, однако перед этим частично скопировали их. Затем они поделились ими с журналистами нескольких изданий. По итогам ознакомления с архивами, Русская служба Би-би-си заключила, что «Сайтэк» является непубличным подрядчиком российских спецслужб. Так, оказалось, что «Сайтэк» выполняла как минимум 20 непубличных IT-проектов по заказу российских спецслужб Первый проект «Наутилус-С» был разработан в 2012. Его назначение — деанонимизация пользователей сети Tor и создание «базы данных о пользователях и компьютерах, активно использующих Tor-сети». Более ранняя версия проекта «Наутилус» [без «С»] была посвящена сбору информации о пользователях социальных сетей Facebook, MySpace, LinkedIn В рамках проекта «Награда» [2013-2014] сотрудники «Сайтэка» пытались обнаружить уязвимости в сетевом протоколе Bittorrent Еще один проект под кодовым названием «Наставник» [2013-2014] был направлен на мониторинг электронной почты по выбору заказчика. Работаем. Предлагаем Вам: - накопительные скидки для постоянных клиентов, - реферальную программу (мы заплатим вам % от сделки с клиентом пришедшим через вас) - сделаем скидку клиентам с форума, за правдивый отзыв о том как вы воспользовались нашими услугами. Для связи с нами нажмите на ссылку, укажите удобные для Вас контакты. Наши менеджеры свяжутся с Вами в ближайшее время и ответят на все вопросы. Позвоните по номеру +7 495 118-27-68 Или посетите наш сайт bitpride-exchange.ru Честная крипта™
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  16. Giveaway Warz #3 : Forest Knight We Celebrate one wonderful year of egamers.io and our friends are giving away unique NFTs to play wi... Giveaway Warz #3 : Forest Knight We Celebrate one wonderful year of egamers.io and our friends are giving away unique NFTs to play with! A warm thank to our lovely community for their incredible support so far. You guys are the best! 18 Different Giveaways in total. Each Giveaway will last one month. Simple Social Tasks to enter. Guaranteed win in some Giveaways Thousands of in-Game assets & Tokens. Giveaway #3: Forest Knight Forest Knight is a blockchain and multiverse enabled mobile turn-based strategy game. Players can build their Kingdoms and live by the sword in the fantasy world of Chronville. As a crypto game, Forest Knight uses Non-Fungible Tokens (NFTs) for the in-game assets. Your champions and some in-game items are stored on the Ethereum blockchain and you can access them through the Enjin Wallet. They are yours to keep, play or sell! Forest Knight combines single-player elements with Arena Battles and more MMO features. WIN 30 ITEMS! 30 WINNERS We will share the items randomly. How To Win: The more entries, the more chances for you to win! When Will I Receive My Item? A few days after each giveaway ends. Win Blockchain Assets & Other Prizes From The 18 Different Blockchain Games & Platforms. Click on Each Image to Learn More & Participate in The Giveaway Below. Giveaway Warz - eGamers.io Crypto & Games
  17. The Society for Worldwide Interbank Financial Telecommunications announced a successful trial of instant cross-border transfers in Asia View the full article
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  19. In around 300 days, Bitcoin (BTC) will experience what is known as a “halving” or “halvening”. This event, which occurs in predictable four-year cycles, sees the amount of the cryptocurrency issued every ten minutes halve, this time from 12.5 coins to 6.25 coins per block. Related Reading: Bitcoin Bears Ramp Up Selling Pressure as Weekly Close Looms; Factors & Trends This is Bitcoin’s monetary policy, which is practically set in stone due to the consensus mechanisms that Satoshi Nakamoto implemented into his brainchild. While the halving may seem mundane, with it being something that the mainstream and media outlets can easily gloss over, Bitcoin investors have clutched to these events as precursors to bull rallies. Just look to the below chart. As the long-term, logarithmic chart of BTC’s price history accentuates, the halvings, marked by the black vertical lines, were what seemingly kicked off parabolic moves higher, during which the cryptocurrency market saw spurts of growth that can be defined by orders of magnitude. Halvening centric perspective on Bitcoin price. H/T @StoicTrader_ & @MLescrauwaet pic.twitter.com/89trRlSOqd — Tuur Demeester (@TuurDemeester) May 16, 2019 Due to this chart, which effectively implies that block reward reductions are what helps the Bitcoin price appreciate, investors have been eagerly awaiting the next halving event, slated to occur in mid-May 2020. Per a new study though, all this hype may just be unfounded. Halvings Unlikely to Boost BTC or LTC: What? It may seem crazy to believe, but research completed by Strix Leviathan, a Seattle-based crypto startup, and first spotted by CryptoSlate indicates that halvings may not have as much of an effect on the price of Bitcoin-based assets as the hype indicates. The analysis of data on 32 halvings across 24 crypto assets, which includes Bitcoin and Litecoin, suggests that there is no clear evidence that crypto assets that see their emission halve “outperform the broader market in the months leading up to and following a reduction in miner rewards.” In fact, Strix’s researchers suggest that for Bitcoin in particular, halvings actually act as a negative catalyst leading up to the event, which goes somewhat against the narrative put forth by many on Crypto Twitter. Strix attributes the hype around these block reward reduction events to “limited sample sizes and historical data”, coupled with the idea that fundamentally, a reduction in Bitcoin and Litecoin issuance should result in some form of positive price action, barring that demand for cryptocurrencies shrinks that is. Bitcoin May Still Appreciate While there may be not material rallies before and after halvings, a model from a prominent cryptocurrency statistician suggests halving events should have a long-term effect on prices, the price of Bitcoin anyway. Related Reading: Don’t Hold Your Breath, Bitcoin to Outperform Altcoins For Now Per previous reports from NewsBTC, this model is from PlanB, a popular analyst in the Bitcoin space. He suggests that the stock-to-flow ratio (SF) of a precious commodity (gold, silver, and Bitcoin) can be related to its total market capitalization. The higher the SF ratio — meaning the lower the inflation rate that a commodity has — the higher the value of the asset should be. This is becoming scary: using Oct instead of Dec data, Stock-to-Flow model fit improves to 99.5% R2! Model error was mainly caused by Nov2013 and Dec2017 ATH, so sampling without ATH gives less noise. Predicted #bitcoin prices increase: $100K (2020+), $1M (2024+), $10M (2028+)… pic.twitter.com/1WX6LOVxZW — PlanB (@100trillionUSD) July 14, 2019 One of PlanB’s models, which fits Bitcoin’s valuation to a 99.5% R2, suggests that should BTC continue to follow the model to an eerie degree of accuracy, it could reach over $100,000 a pop after 2020’s halving event. The thing is, the model doesn’t predict when exactly that milestone will be breached, only that it makes sense from a statistical standpoint. Even one of the analyst’s less optimistic models, which uses other statistics, implies that with the halving, Bitcoin’s market capitalization could $1 trillion, which would give BTC a fair value of around $55,000 a pop. As to what will cause this nascent asset to rally to these levels, PlanB wrote that money from silver, gold, negative interest rate economies, authoritarian and capital control-rife states, billionaires looking for a quantitative easing hedge, and institutional investors will eventually flood into this space. So what are PlanB’s models and Strix’s report saying? Well, when digested as a whole, their research suggests that Bitcoin could hit upwards of $55,000 after the halving, but not as a direct result of it and only sometime after 2020. Featured Image from Shutterstock The post Post-Halving Bitcoin to Hit $100,000 in 2020? It’s Unlikely, Data Shows appeared first on NewsBTC. View the full article
  20. Bitcoin ended its longest losing streak in seven months over the weekend, but the outlook still remains bearish. View the full article
  21. Bitcoin contributes 800 times less value to the world’s money laundering total than fiat, new data suggests. $1 in BTC, $800 in Fiat The result of fresh research from analysis firm Messari, the giant figure adds to the increasing stack of evidence that cryptocurrency does not play a large role in illicit financial activity worldwide. According to Messari, which released its findings on July 16, for every $1 dollar in BTC spent on the darknet, $800 in fiat is laundered. The company said it decided to produce the statistics as a direct response to recent criticism of Bitcoin by politicians, specifically in the US, where Congress held several hearings dedicated to cryptocurrency last week. As Bitcoinist reported, testimony from lawmakers featured the full spectrum of cliches regarding Bitcoin, with naysayers repeatedly focusing on perceived criminal activity. Despite multiple research projects concluding the risk Bitcoin poses to financial stability due to money laundering is negligible, politicians continue to claim the threat is much larger. At Congress, it was Brad Sherman who threw his weight behind the argument, following in the footsteps of Treasury Secretary Steven Mnuchin and, previously, President Donald Trump. Specific scorn came in for Facebook’s digital currency project, Libra, which Sherman claimed could even form the basis of a 9/11 style terrorist attack. He said, If cryptocurrency is used to finance the next horrific terrorist attack, 100 lawyers standing in a row, charging $200,000 an hour, are not going to protect his rear end from the wrath of the American people Rebutting Politicians’ Bitcoin Money Laundering Claims Sherman fuelled a general backlash among the cryptocurrency industry on social media, with posts appearing which showed the extent of his and others’ misguidedness. The Congressman had claimed $76 billion was laundered in Bitcoin annually. Pierre Rochard, one of cryptocurrency’s more outspoken proponents, subsequently cited research from Blockchain firm Chainalysis, which conversely concluded the figure was tiny, with 2017’s total reaching just $660 million. Fellow commentator, Morgan Creek Digital co-founder Anthony Pompliano, noted that $2 trillion of USD is laundered per year – more than 6.5 times the entire cryptocurrency market cap. “Bitcoin will reduce money laundering globally, which is exactly why certain people and organizations are fighting it so hard,” he added. Beyond the US, in India, where the concept of Bitcoin fuelling money laundering makes regular appearances in public literature, the tide also appears to be turning in government. While an alleged draft law earlier this month contained details of a blanket ban on cryptocurrency, the country’s finance minister last week gave the opposite impression, confirming regulatory preparations were underway which would legitimize the industry. What do you think about Messari’s latest data? Let us know in the comments below! Images courtesy of Messari, Shutterstock The post Bitcoin Darknet Spending 800x Lower Than Fiat Money Laundering: Research appeared first on Bitcoinist.com. View the full article
  22. The cryptocurrency market is quite mundane following an action-less weekend session. Bitcoin price briefly stepped above $11,000 but immediately corrected towards the key support at $10,500. Investors do not mind the calmness across the market as the last couple of weeks have been nothing but a rollercoaster ride. As reported by CCN bitcoin price within […] The post Bitcoin Price One Mere Correction Away from Smashing $14,000 Milestone appeared first on CCN Markets View the full article
  23. 4 percent of Americans chose Bitcoin and other cryptocurrencies as the best investment option for the long term, according to a recent SSRS study. Separately, an earlier survey, commissioned by Fidelity Investments, concluded that 47 percent of institutional investors see crypto-assets as part of their portfolios. Bitcoin on its Way to Becoming America’s favorite Investment Option SSRS conducted the survey on behalf of Bankrate.com to identify America’s most popular long-term investments. Thus, researchers posed the following question: “For money, you wouldn’t need for more than ten years, which one of the following do you think would be the best way to invest it?” The options were: real estate, stocks, cash investments, gold/metals, bonds, none, and Bitcoin/cryptocurrencies. As a result, four percent of the people surveyed responded that Bitcoin and other cryptocurrencies were the best investment option for the long term. For most Americans, 31 percent, real estate was their favorite long-term investments, as the table below shows. The survey comprised a sample size of 1,015 respondents. Fieldwork was undertaken between June 25 and 30, 2019. 47 Percent Wall Street Investors ”Want Crypto In Their Portfolios” The trend to consider Bitcoin as an investment is gaining momentum. In this connection, the SSRS survey seems to be in line with the conclusions reached by a Fidelity commissioned study. It only focused on Wall Street investors and took place in May 2019. This survey concluded that 47 percent of institutional investors “view digital assets as having a place in their investment portfolios.” The breakdown is as follows, • 72% prefer to buy investment products that hold digital assets • 57% prefer to buy crypto assets directly • 57% prefer to buy an investment product that holds digital asset companies. Bitcoin Remains Most Popular Among Millennials Moreover, the SSRS study confirmed that Bitcoin and other crypto-assets are more popular among younger people. According to the researchers, “Millennials picked cryptocurrencies as their top long-term investment about 9 percent of the time – about triple the rate of Generation X. Earlier generations had negligible numbers of respondents selecting virtual currency as their top choice.” Incidentally, the SSRS survey conclusions agree with Harris Post survey, which concluded “59% of those aged 18–34 ‘strongly’ or ‘somewhat’ agree that Bitcoin is a positive innovation in financial technology — up 11 percentage points from October 2017.” Which is your favorite long-term investment? Let us know in the comments below! Images via Bankrate.com, Blockhain Capital Blog The post Bitcoin Is ‘Best Long Term Investment’ Per 4 Percent Americans: Study appeared first on Bitcoinist.com. View the full article
  24. There is a growing trend across the world for nations to stock up on reserves of assets as a hedge against fiat and influences beyond their control. Gold is the standard but Bitcoin is rapidly catching up and one nation now has reportedly more BTC than their gold reserves. As further investigation reveals, however, this may not have been a state orchestrated move and appears to be still one that they are trying to deny. First Nation to Exceed Gold Reserves Bulgaria has become the first nation in the world to hold more Bitcoin than it has gold. According to reports the country holds more than 200,000 BTC, worth around $2.1 billion at today’s prices. In comparison it only has around 40 tons of gold which is currently valued at around $1.8 billion. A press release by the Southeast European Law Enforcement Centre (SELEC) in May 2017 revealed that Bulgarian authorities had half a million dollars’ worth of BTC at prices back then. With the recent rally their Bitcoin stash is now worth more than their gold reserves. The release was part of an investigation into organized crime and the investment into digital assets, it added: “It was determined that the members of the organized crime group invested the money obtained from these illegal activities in bitcoins, around 200,000 being discovered in the virtual space.” The investigators were able to determine that exactly 213,519 BTC and a substantial amount of cash was seized in the raids. As a result, the Bulgarian government now has over $2 billion worth of digital currency. Stash or No Stash? The original story was reported at the end of 2017 but the government remained rather coy about their Bitcoin holdings. Several conflicting stories emerged, one asserting that the Bulgarian Interior Ministry sold the stash to fund a new air force squadron. This was refuted by various crypto media outlets. Trustnodes has delved deeper into the saga to reveal that the press release still stands and that authorities did manage to get hold of 200,000 Bitcoins. Politicians in the country may still deny that there is any crypto stash but the immutability of blockchain transactions may prove otherwise. The reluctance to reveal the addresses is likely to dispel and claims that there are no BTC holdings. The proof will eventually be discovered on the chain but in the meantime the Interior Ministry has said, that there are court cases, prosecutions, and further investigations which explains their disinclination to spill the digital beans. Until Bulgarian politicians can prove otherwise, the SELEC report still stands so it would not be so outlandish to assume that Bulgaria still has more Bitcoin than gold, making it a world’s first. Image from Shutterstock The post Bulgaria Big On Bitcoin As Reserves Could Exceed Its Gold Stash appeared first on NewsBTC. View the full article
  25. FairX, a crypto bank that planned to run on the Stellar network, ran out of steam. View the full article
  26. Date : 22nd July 2019. MACRO EVENTS & NEWS OF 22nd June 2019. * No deal Brexit risks will continue to unsettle markets next week as the two candidates hardened their rhetoric in end stages of the party elections. The ECB however will stand out as the event of the week,with Brexit uncertainty an important part of the overall outlook. Have a look at the most important events of the coming days in our usual weekly publication. Tuesday – 23 July 2019 * The announcement of the next Prime Minister of the UK – Event of the week – Original Brexit campaigner Boris Johnson remains the front runner in the race and is widely expected to be confirmed as the new Prime Minister next Tuesday. * Housing Data (USD, GMT 14:00) – A steady rate is anticipated for existing home sales in June at the firm 5.340 mln pace seen in May. The median sales price is estimated to ease to $275,000, for a y/y gain of 0.4%, down from 4.8% in May. In Q1, we saw an average sales pace of 5.207 mln. In Q2, a better 5.297 mln pace is expected. Wednesday – 24 July 2019 * Services and Manufacturing PMI (EUR, GMT 07:30) – Preliminary Composite PMIs for Eurozone and Germany are expected to fall in July, to 51.8 and 52.5 respectively, while the Manufacturing PMIs are forecasted at 48.0 and 45.4 respectively. * Services and Manufacturing PMI (USD, GMT 13:45) – Preliminary Manufacturing and Services PMIs are expected to decline in July, to 50.4 from 50.6 and 51.0 from 51.5 respectively. Thursday – 25 July 2019 * German IFO (EUR, GMT 08:00) – German IFO business confidence is expected to slip to 96.7, after it held steady the past 2 months around the 97 barrier. * Event of the week – Interest rate Decision and Conference (EUR, GMT 11:45) –The ECB is meeting on July 25, – shortly after the confirmation of the new PM in London and ahead of the Fed, which is widely expected to cut rates again at the end of the month. On balance, markets see more merit in keeping official rates unchanged next week, while moving to an official easing bias and promising that rates will be at “current or lower” levels well into next year. * ECB Monetary Policy Statement (EUR, GMT 12:30) -The July meeting will clearly be a “live” one with doves and hawks battling it out over when to deliver the now widely expected easing measures. It is expected that the majority will see more merit in keeping policy settings unchanged, but change the guidance to introduce a clear easing bias. * Durable Goods (USD, GMT 12:30) – Durable goods orders are expected to rise 1.0% in June, after a -1.3% figure in May. Transportation orders should rise 2.7%. Boeing orders rose to only 9 from just zero in May, with weakness due to the hit from problems with the Boeing 737 Max that prompted buyers to delay new purchase commitments. Vehicle assemblies should ease to 11.1 mln from an 11.3 mln pace in May. Durable shipments are expected to rise 0.5%, and inventories should rise 0.6%. The I/S ratio is expected to hold steady at 1.67 since April. Friday – 26 July 2019 * Gross Domestic Product (USD, GMT 12:30) – Gross Domestic Product is expected to grow 1.8% in Q2, with a sturdy 2.4% growth rate for final sales thanks to solid growth rates of 3.9% for personal consumption and 4.3% for government purchases, alongside a big $27 bln unwind of the Q1 inventory pop. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  27. Persona, the first blockchain-powered trust protocol, announces a partnership with BountyHive, the industry leader in blockchain marketing. Persona is a decentralized application with no single point of failure, capable of keeping all records encrypted. Individuals have control over their information and the details they wish to share, and more importantly with whom they wish to […] The post Persona Announces Partnership With BountyHive appeared first on CCN Markets View the full article
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