Bitcoin BTC Needs to Pass 8200 to Kickstart Next Leg Higher

Bitcoin (BTC) Needs to Pass $8,200 to Kickstart Next Leg Higher

Bitcoin Needs $8,200

Over the past few days, Bitcoin (BTC) bulls have made their presence known once again, boosting the leading cryptocurrency from a multi-week low of $7,450 to $8,150 as of the time of writing this. While this solid price action, which comes after BTC has ostensibly topped at $9,100, has many enthused, the trend isn’t bullish just yet.

In a recent podcast with Forbes contributor Benjamin Pirus, prominent analyst Ledger Status, known as Brian Krogsgard off of the ‘interwebs’, explained that Bitcoin has one more key level to breach before resuming a clearly bullish trend.

In a recent podcast with Pirus (all credit to him), Ledger remarked that Bitcoin is currently in the midst of trying to determine whether it will consolidate at higher levels and eventually push higher, or is topping out to precede a strong retracement. Krogsgard notes that “$8,200 [is a key level] on the daily,” explaining that this coincides with the Bollinger Band midline (a key technical indicator meant to determine ranges, key support/resistance). From Ethereum World News’ point of view, $8,200 also lines up with the 0.786 of the Fibonacci Retracement from $9,100 to $5,000, meaning that it is a level to watch.

If $8,200 is surmounted, presumably meaning a daily close above that level, Krogsgard expects for Bitcoin to begin its next leg higher, meaning a move to retest its year-to-date highs and potentially continue even higher. So, is $8,200 possible?

According to a number of analysts, for sure. Per previous reports from this outlet, the asset’s four-hour chart is looking like an Accumulation pattern laid out by technical analysis guru and legend Richard Wyckoff. If the textbook pattern plays out in full, analyst Financial Survivalism explains that he expects for BTC to break past $8,040, fall back to $7,700, and then return back to the mid to high-$8,000s.

This isn’t the only bullish sign that the analyst observed. In a subsequent tweet, Survivalism explained that if the nine four-hour exponential moving average crosses above the 50, Bitcoin will be “fully bullish” on the four-hour chart, implying “another leg up in the market.”This has yet to happen, but if BTC keeps the upward pressure, it will likely happen within the coming day.

Survivalism isn’t the only one that is short-term bullish. In a recent tweet outlining an astute observation, analyst Filb Filb noted that movements in Tether’s market capitalization have accurately predicted moves in BTC. With the number of Tether rapidly rising, recently surmounting a jaw-dropping $3 billion, Filb seems to be predicting that Bitcoin will soon shoot higher. While Tether was found not to directly be manipulating markets, more USDT in circulation is supposed to mean more money flowing into this space.

Pullback Still on the Table

Krogsgard was sure to leave skepticism on the table, however. Despite the fact that he expects for Bitcoin to likely revisit $9,100 and potentially move even higher, he reminds listeners to Pirus’ podcast that he “I wouldn’t say $8,000 bitcoin is a particularly attractive place to buy.” He adds that the cryptocurrency market has evidently moved fast this year, meaning a that an eventual correction to lower levels, like the $6,000s, is more than likely. Put best,

Even in bull markets, corrections of 30-40% are normal, so I’m waiting for when that occurs. It could be now, with an outside chance of another high, maybe into that $9,600 range first.”

When that comes, though, no one is all too sure.

Original article written by Nick Chong and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Bitcoin ATM Spotted Spitting Out Money in London

Bitcoin ATM Spotted Spitting Out Money in London

A few days ago Londoners witnessed a bizarre movie-worthy scene: A Bitcoin ATM suddenly started spitting bills non-stop in a shopping center.

Several people were able to record the odd event and share it on Reddit. On the footage, a security guard protects the machine from the curious people who saw the scene. None of them (at least as far as one can see in the video) tried to take a bill.

 


From Bitcoin

The cashier was spitting out money for several minutes, which is why several people speculated that it was not a malfunction but rather a hack. The methodology, known as “jackpotting” basically allows the hacker to operate the ATM remotely making it spit out money on command.

If true, the perpetrator could be facing criminal charges.

Bitcoin ATM Operator: “It Was Not a Hack”

Shitcoins Club, a polish company that owns more than 60 Crypto ATMs distributed all over Europe, managed the Bitcoin ATM.

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In statements to The Next Web, Shitcoins Club denied that it was a hack and commented that from their point of view everything was a trick to give the illusion that the ATM went crazy:

“Everything was going well during this transaction … As you can see there is a bag in front of the ATM.”

In fact, in a Reddit post, a spokesperson said that anyone can see the location and funds availability of each of their ATMs, so it was easy to withdraw such a large amount of money (as long as the necessary funds were available).

“Our ATMs are the only ones in UK which can handle large cash withdrawals. On our website shitcoins.club on the “locations” tab, you can find out exactly how much GBP ready to withdraw holds each of our ATMs. The ATM at Bond Street Station (West One Shopping Centre), has at the moment 30,000 pounds which can be withdrawn immediately, in exchange for BTC, LTC or DASH. Our ATMs are usually topped up to 20 000 pounds.”

So everyone is free to draw their own conclusions. Maybe it was all the work of a skillful hacker who somehow wanted to generate a negative image of Bitcoin ATMs or maybe it was all the work of a troll who wanted to make a joke by daring to lose his money at the hands of a crowd that one can never know for sure how will react before the opportunity to have free money.

Either way, the crypto-verse is one weird place to be sometimes.

Original article written by Jose Antonio Lanz and posted on EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Facebook Crypto on the Horizon: Firm Has 100 Blockchain Staffers Now

Facebook Crypto on the Horizon: Firm Has 100 Blockchain Staffers Now

Facebook Crypto is (Almost) Ready to Launch

After months of rumors, it seems that Facebook’s crypto is finally right on the horizon. Reported by TechCrunch today, a source claims that the technology company is looking to release the white paper for what is known as “Globalcoin” on June 18th, a mere two weeks away. This has seemingly been confirmed by a Facebook executive, who discussed the June 18th date previously. What’s more, The Information, a publication known to have very good sources within the cryptocurrency and blockchain industry, recently revealed that Facebook will be making a big announcement about its ambitions in the digital asset space this month.

As Globalcoin nears launch, Facebook has purportedly begun to bolster its staffers in the cryptocurrency space. The firm, according to LinkedIn data, has a jaw-dropping 100 people working in the Facebook Blockchain division, and is looking for forty more talents to fill in some gaps. A listing reads:

Our ultimate goal is to help billions of people with access to things they don’t have now — that could be things like healthcare, equitable financial services, or new ways to save or share information.

For those who missed the memo, Globalcoin is slated to be a stablecoin based on a basket of currencies and assets, which will purportedly be used to give billions across the world a way to transact value at low cost, without border, and without the difficulties with traditional banking. Facebook is purportedly seeking funding from Visa, Mastercard, and other mainstream firms, and has even been in discussion with crypto exchanges Gemini and Coinbase.

A Net Benefit For Bitcoin?

This all begs the question — will Globalcoin help the adoption of decentralized crypto assets, namely Bitcoin?

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Per Mike Novogratz of Galaxy Digital, it might do just that. The former Wall Street hotshot, now a well-known cryptocurrency investor, told CNBC last week that “Facebook is wildly important for the ecosystem”, adding that this tacit endorsement of the technology behind Bitcoin is resounding. He even states that contrary to popular belief, Globalcoin will add value to the non-centralized cryptocurrency ecosystem, not subtract.

Novogratz isn’t the only industry executive to have thought so.

In a Twitter thread published in Q1 2019, Ari Paul, the founder of BlockTower Capital, noted that while the so-called “coporatecoins” will operate in an intranet-esque fashion, they will help the more Internet-like Bitcoin. The investor explained that Globalcoin and its ilk are inherently “uninteresting” to Bitcoin’s crusaders, who are enamored with censorship resistance, immutability, security, and peer-to-peer systems. Yet, he adds that centralized cryptocurrencies will “increase global interest dramatically.”

And, Anthony Pompliano of Morgan Creek Digital in late-2018 postulated that “Anything Facebook launches will quickly become the most popular product in the industry….maybe even one of the most popular products in the world.”

Original article written by Nick Chong and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Google Facebook Apple Amazon face US anti-trust probe

Google, Facebook, Apple, Amazon face US anti-trust probe


Image © GETTY IMAGES

The US government is to take a fresh look at how the four tech giants Google, Facebook, Apple and Amazon wield their power.

It comes in the wake of criticism about privacy breaches, disinformation and anti-competitive practices.

It could lead to more formal investigations from the Federal Trade Commission, among others.

Shares in all four fell on the news but none has yet commented.

At a news conference, Democratic congressman David Cicilline, who is chairman of the House Judiciary's sub-committee, said it plans a number of hearings and will take testimony from executives of leading technology firms.

There could also be requests for politicians to view internal documents.

He said the investigation would not target one specific company but rather focus on the belief that "the internet is broken".

Investigations

US President Donald Trump has called for closer scrutiny of Google and social media firms, accusing them of suppressing conservative voices. He has also criticised Amazon for taking advantage of the US Postal Service.

The FTC is already investigating Facebook over the Cambridge Analytica scandal with the social network bracing itself for fines of up to $5bn (£3.9bn).

Google has also been scrutinised by the FTC and was fined 1.5bn euros (£1.3bn) in March for abusing its dominant position in online search advertising.

Apple is also the subject of an EU investigation following a complaint from streaming music provider Spotify that it abuses its power over app downloads.

Article written by and posted on the bbc.com website.

Article reposted on Markethive by Jeffrey Sloe

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Bitcoin Mining Difficulty Hash Rate Surge As BTC Holds Above 8000: What Death Spiral?

Bitcoin Mining Difficulty, Hash Rate Surge As BTC Holds Above $8,000: What Death Spiral?

Bitcoin Fundamentals Booming

With BTC moving above $8,000, the fundamentals of the Bitcoin blockchain have also surged. As pointed out by industry researcher Kevin Rooke, Bitcoin’s mining difficulty has reached an all-time high of 7.46 trillion. The thing is, we’re still down by around 55% from BTC’s all-time high of $20,000, and public awareness of the cryptocurrency space is still much lower than it was back in 2017. For those unaware, mining difficulty refers to how hard miners need to work to solve one block.

This comes after mainstream media, namely this one report from MarketWatch, called for a “death spiral,” whereas miners would fold en-masse, sending BTC into the ether. This booming difficultly figure shows that this isn’t the case. As Andreas Antonopoulos, a legendary Greek-British Bitcoin educator, once explained:

“If [miners] wait until the difficulty retargets and the difficulty becomes less, then each miner who waits makes more profit because in the new scheme they have a greater percentage of the mining power than they did before. Let’s say if the mining power drops by 50%, the miners who stick around and wait for the difficulty to retarget are now twice as profitable after the retargeting.”

This is just the start though. Bitcoin’s hash rate has neared an all-time high, reaching 58 million terahashes per second this week. And also, the number of transactions being made with BTC have skyrocketed.

Market Infrastructure Strengthening Too

Not only are on-chain fundamentals extremely strong, but Bitcoin’s underlying market infrastructure too. Over the past few months, the market has seen a massive uptick in interest from institutions and corporations, most of which are looking to solidify this market is something that is here to stay.

This strong infrastructure is what some, like BitPay’s Sonny Singh, believe is what is behind the recent Bitcoin run, and why the ongoing bull market is likely just getting started. Per previous reports from Ethereum World News, this surge both in public awareness and in the press has much to do fundamentals. He explains that while 2017’s boom and 2018’s massive downturn was driven by hysteria and “momentum”, Bitcoin’s jump from $3,200 to $8,000+ is actually backed by infrastructural developments. The Bitpay C-suite member names the following developments:

  • JP Morgan’s JPM Coin: Earlier this year, the banking giant launched its own cryptocurrency on Quorum, a private version of the Ethereum blockchain meant for more enterprise-specific tasks. JP Morgan has been using the digital asset as a way to transfer value inter-bank but intends to allow JPM Coin to see use in brick and mortar/online stores in the future. While JPM Coin is incompatible with Bitcoin, analysts suggest it will warm the public up to the idea of cryptocurrency.
  • AT&T Accepts BitcoinAnnounced last Thursday, AT&T, a Texas-based American technology giant valued at $234 billion, will be accepting Bitcoin payments for its services through BitPay. Per a press release, AT&T is now the first “major U.S. mobile carrier” to provide its millions of customers with the ability to purchase services for cryptocurrency. This doesn’t mean that the firm is accumulating BTC per se, but it does show that AT&T acknowledges BTC as a viable medium of exchange.
  • Square’s Cash Offering BTC: Although Square’s Cash App has been offering Bitcoin purchases and sells for its clientele since the peak of 2018’s boom, the company has continued to sell more and more BTC quarter-over-quarter. What’s more, Cash is continually near the top of the U.S. App Store, and the Bitcoin service is built right in, thereby increasing public awareness of Bitcoin greatly.
  • Fidelity Investments Offering Bitcoin Custody, Trade Execution: Fidelity Investments, one of the world’s largest asset managers, has begun to offer an institutional-centric cryptocurrency custody and trade execution service for beta testers in its 20,000-odd non-retail clients.

Singh notes that these underlying shifts in cryptocurrency infrastructure confirm the validity of this asset class, and “is making people really excited, as is the light at the end of the tunnel for use cases.” He concludes with the idea that $9,000 is just the tip of the iceberg for Bitcoin, looking to the fact that many cryptocurrency projects from big-name corporations have yet to launch, or haven’t even been announced yet.

Original article written by Nick Chong and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Litecoin LTC Leading in 10 Billion Crypto Market Surge

Litecoin (LTC) Leading in $10 Billion Crypto Market Surge

A crypto correction that started a couple of days ago was quickly quashed when Bitcoin found support and moved back towards $8k once again. Since then the altcoins have been on fire with some, such as Litecoin, surging ahead of the pack.

Another $10 Billion Back into Crypto

From a low of $243 billion yesterday crypto market capitalization has pumped to a high of $254 billion before stabilizing at around $250 billion where things currently sit. Daily volume has surpassed $80 billion once again which is extremely bullish. May has seen some of the highest volumes on record and they have been maintained which has kept markets buoyant.

Bitcoin has made it back over $8k one again, hitting an intraday high of $8,140 according to Coinmarketcap.com. The bullish sentiment has resulted in a further 2 percent gain from Bitcoin which has yet to have any real pullback in this current rally. After spending the majority of April at around $5,300 BTC has found a new resistance zone around $8,000. Its market dominance is currently 56.6 percent and the altcoins are leading the digital race today.

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Litecoin Ignited in 20% Pump

Litecoin is one of the top performing altcoins at the time of writing. It has surged from $88 to $104 over the past day and reached its highest level for almost a year. There is massive resistance at $100 which LTC has already hit last week. A move above it could send the ‘silver of crypto’ surging in a parabolic pump mirroring that of December 2017. LTC has trounced EOS to take fifth spot with a market cap now exceeding $6.4 billion.

The halving event in 73 days is likely to be driving early momentum for LTC which is bound to trade a lot higher as August approaches. Coin scarcity and increased demand could push prices back to their all-time highs of $370.

Binance Coin is also trading well and has just made a new all-time high at $34. A 7 percent surge on the day has been the result of the world’s top exchange announcing margin trading features. Though it can’t catch Litecoin at the moment, EOS has made 8 percent and is up to $6.50 at the time of writing.

The momentum for crypto markets is holding and May is shaping up to be another month of solid gains. Crypto market cap has doubled since the beginning of the year indicating that things have finally lifted off the bottom and the bulls are running the show now.

Original article written by Luke Thompson and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Brave Browser Testing a New BAT Tipping Feature for Twitter Users

Brave Browser Testing a New BAT Tipping Feature for Twitter Users

Jose Antonio Lanz      May 24, 2019

The world of cryptocurrencies and blockchain technologies continues to grow despite the skepticism of some experts, demonstrating that every day more use cases involving these technologies appear around the world. A few hours ago, Brave Software, the developer of the internationally famous Brave Browser announced that they are testing a new feature that will allow their users to send BAT tips via Twitter.

The announcement first appeared on Brave’s official Twitter, although they pointed out that at the moment it is only available in the Nightly Desktop version, which means that it is not yet completely stable and certain errors can be found.

To be able to use this option, users must register at publishers.brave.com, and link their twitter account to this platform. This means that in theory, at least in a first stage, this feature is oriented to reward content creators.

There are other options to tip users in the crypto-verse. The best known XRPTipBot. Thanks to this implementation any user with a Twitter account and an XRP Wallet can send and receive tokens with a simple command.

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BRAVE: SLOWLY BUT STEADILY ON ITS WAY TO START A REVOLUTION (BUT NOT EVERY AGREES WITH ITS METHODS)

Brave has gained worldwide popularity since the launch of its Browser. According to some statistics it has managed to position itself in the market as a strong competitor of Google Chrome even beating it in the number of downloads.

Likewise, Basic Attention Token, the cryptocurrency that powers the whole ecosystem, has had a strong hype around it, mainly after it was one of the first altcoins listed on Coinbase Pro.

The use of a token to revolutionize the content distribution and advertising industry is very attractive, however, some believe that it is unnecessary to develop a native token.

For this reason (along with other more philosophical ones) the GAB team is developing a browser using Brave’s code as the base for a fork. The new Dissenter Browser seeks among other things to replace the use of BAT by a BTC wallet capable of sending tokens on the Lightning Network.

The browser has not been as popular as Brave, but it is important to point out that it has not had the same media campaign nor the same volume of investment as its “big brother”.

Original article written by Jose Antonio Lanz and posted on the CryptoCrimson.com site.

Article posted on Markethive by Jeffrey Sloe

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Report: Bitcoin BTC Futures Trading Approaching All-Time High in May

Report: Bitcoin (BTC) Futures Trading Approaching All-Time High in May

According to a new report published by The Block, the month of May is on pace to set a new all-time high in Bitcoin futures trading for the CME Group.

In a note sent to clients on May 21, the Chicago-based firm and backer to one of the largest Bitcoin futures trading exchanges, claims that May is “shaping up to be the strongest month ever for CME Bitcoin Futures.” The firm also reports a record day of trading on May 13, with 33,677 contracts being traded for the equivalent of $1.3 billion in BTC. Daily volume for Bitcoin future trading has also spiked during the month of May to 14000, up from 9900 in April.

CME Group continued,

“Since launch in December 2017 we have traded over 1.6MM contracts (+8MM equivalent bitcoin) representing over $50BN in notional value ($4.2BN per month).”

Beyond daily volume for futures trading, new account creation is also on the rise for the group. CME reports that the number of accounts for Bitcoin futures trading has climbed to an all-time high 2500, which the group interprets as a booming desire for traders to hedge on the risk of BTC,

“The number of unique accounts continues to grow showing that the marketplace is increasingly using BTC futures to hedge bitcoin risk and/or access exposure.”

Despite the seemingly bullish market for Bitcoin and cryptocurrency, with the price of BTC up close to 100 percent since the start of April, traders remain divided over the future valuation for the coin. BTC Futures, such as those offered by the CME Group’s exchange, have become a popular alternative for traders looking to speculate on the market movement for Bitcoin. Futures contracts have long been one of the more dominant products for the traditional financial markets.

Users can open long or short positions on BTC futures, depending upon where they see the price of the currency moving. With Bitcoin hovering near the $8000 mark for its second day in a row, both the bears and bulls are holding their breath over the next price movement for BTC. Some analysts are now calling for the currency to fall back to $6K before making another run at the all-time high. Considering the massive gains and bullish rally Bitcoin went on since the start of April, after more than 12 months of declining price and ‘crypto winter,’ some investors are anticipating a correction.

However, others see Bitcoin entering a perfect storm of market conditions for renewed investment. Given the economic uncertainty being generated over deteriorating negotiations between President Trump and President Xi, a looming U.S.-China trade war has bullish indicators for the price of cryptocurrency.

In addition, the mounting adoption of cryptocurrency by major industry players such social media giant Facebook and investment bank JP Morgan Chase have given a vote of confidence for BTC that was not present during 2017’s bull run. While FOMO will continue to drive the price of crypto, in both directions, the growing futures market provides another avenue for would-be speculators.

Original article written by Michael Lavere and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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Buying Bitcoin BTC Is Investing and Saving for Retirement

Buying Bitcoin (BTC) Is Investing and Saving for Retirement

When talking about retirement investments, people usually focus on stocks. However, Bitcoin is proving to be a better retirement investment asset, even ahead of stocks, commodities, and other traditional investment vehicles.

BTC Perception Is Improving

Bitcoin’s popularity continues to grow all over the globe, despite the current bear cycle still keeping prices down. A research carried out by Blockchain Capital Blog earlier last month shows that Bitcoin awareness, familiarity, perception, and conviction have increased over the past two years.

According to the research results, the percentage of people that have heard of Bitcoin rose from 77 percent in October 2017 to 89 percent in April 2019. Also, the percentage of people that are familiar with Bitcoin is up from 30 percent in October 2017 to 43 percent in April 2019.

Then again, and this is not surprising, the perception of Bitcoin amongst ordinary citizens is changing for the better. In 2017, 34 percent of the people surveyed believed that Bitcoin is an innovative technology. That figure is now up, increasing to 43 percent in 2019. However, what’s interesting is that more people are convinced that Bitcoin will find more utility in the next decade.

The survey further reveals that more people are open to purchasing Bitcoin now than they were in 2017, with the percentage rising from 19 percent in October 2017 to 27 percent in April 2019. The fact that the younger generation finds Bitcoin more appealing shows that the world’s most valuable asset has the potential to become an investment tool for decades to come.

Bitcoin Is Excellent As a Retirement Investment Tool

Therefore, it is not odd that as the popularity of Bitcoin increases, analysts are convinced that the coin—with superior ROI can, after all be an alternative asset for retirement investment. As a matter of fact, Jason A. Williams, the co-founder, and partner at Morgan Creek Digital, revealed that more people are saving Bitcoin for their retirement.

In a tweet he says:

“1 BTC is $7,000 today, but less than 1 in 3 Americans has more than $5,000 saved for retirement. Always pay yourself first. Buy Bitcoin!”

This statistics is an impressive considering the current state of Bitcoin and the regulatory challenges the community continues to face. Williams further added that “the numbers tell the story. They always do. Bitcoin tells its story in numbers and math. Trust in numbers.”

The cryptocurrency expert is right in his comments. When comparing the growth of Bitcoin against traditional investment vehicles over the past decade, it is clear to see why the younger generation is turning to BTC at this time.

Over the past fifteen years, the NASDAQ top-100 has given a total return of over 500 percent while the S&P 500 has given 254 percent. In the same period, commodities dropped by 34 percent. On the flip side, Bitcoin rallied 1,950 percent. This year alone, Bitcoin gains exceed 100 percent. All this is after last year’s crypto winter that saw the asset tumble 75 percent allowing for attacks. But even so, Bitcoin did outperform almost all traditional assets like Gold adding 58 percent year on year outperforming S&P and other traditional indices. It is because of that that Bitcoin could be a great retirement investment option.

Original article written by Jose Antonio Lanz and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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The Wait Is Over Bitcoin BTC Is Now Mainstream

The Wait Is Over, Bitcoin (BTC) Is Now Mainstream

In 1918 Nicholas Klein addressed the Amalgamated Clothing Workers of America in Baltimore with a quote that best describes Bitcoin’s current journey to mainstream adoption. He said,

“And, my friends, in this story you have a history of this entire movement. First, they ignore you. Then they ridicule you. And then they attack you and want to burn you. And then they build monuments to you.”

No one is building monuments to Bitcoin yet, because those who initiate such projects are busy attacking and looking for ways to ban and burn Bitcoin.

Congressman Bradley Sherman, for instance, has proposed a bill that seeks to outlaw crypto trading in the U.S. He called on Congress to “nip this in the bud,” which apparently, is not the first opposing stance the congressman has taken against digital currencies.

Sherman reasoned that “… an awful lot of our global power comes from the fact that the Dollar is the standard unit of international finance and transactions. Clearing through the New York Fed is critical for major oil transactions.”

Well, Bitcoin Will Nip Global Economy Manipulation in The Bud

Sherman goes on to add that “… it is the announced purpose of the supporters of cryptocurrency to take that power away from us, to put us in a position where the most significant sanctions we have on Iran, for example, would become irrelevant.”

In those few words, Mr. Sherman illustrates to the Congress why Bitcoin has such utility and actual value and why its mass adoption has become unstoppable. The manipulation of global politics via the Dollar is something crypto is going to make a thing of the past.

Elsewhere the Winklevoss twins’ Gemini and Flexa a startup focused on payments are in a partnership that could open wide the doors of crypto use in mainstream commerce. Flexa’s crypto app Spedn has been integrated into the payment scanners of big-name retailers such as Barrel, Crate, Whole Foods and Nordstrom.

In a statement, Flexa CEO Tyler Spalding said:

“This is the first real instance of decentralized global retail payments, with the power to make commerce more efficient and accessible for billions of citizens globally. The legacy payment systems are complicated and costly. This solution provides a way for cryptocurrencies to solve these problems and allow merchants to conduct inexpensive and fraud-resistant transactions.”

This will help crypto owners to pay for goods using Bitcoin, Ethereum, Bitcoin Cash or Gemini Dollar. The real-time payment interface will pay merchants in fiat or crypto as per their choice. Thanks to Flexa’s ecosystem, merchants will no longer have to worry about real-time transaction clearances that once hampered crypto purchases.

Legacy Financial Institutions Massive Moves for Bitcoin

Bitcoin prices are still on the rise, with their value now at 8,106. As more institutional investors set their sights on Bitcoin, the bull run of the season might be on. Massive Wall Street Wheeler-dealer Intercontinental Exchange application to the U.S. Commodity Futures Trading Commission (CFTC) for their Bitcoin Futures approval looks imminent as “User acceptance testing for Bitcoin futures custody and trading planned for July.”

Bakkt’s operations have been hampered by a multitude of regulatory hurdles, but the firm has its eyes now set on July as its launch date. Giant financial services firm Fidelity Investment’s crypto trading platform is also in the pipeline. The platform is expected to be rolled out “within a few weeks” sources say. Fidelity’s platform is eyeing institutional investors interested in Bitcoin investments.

Original article written by Dalmas Ngetich and posted on the EthereumWorldNews.com site.

Article posted on Markethive by Jeffrey Sloe

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