Connect with us

#Bitcoin

Bitcoin in 2019: Solid reasons for a sharp rise in BTC price.

Published

on

Even though the price of bitcoin has dropped sharply, the overall blockchain and cryptocurrency adoption have seen a significant rise.

In 2017 we saw tremendous growth in both the price of bitcoin and the investment in initial coin offerings in the crypto space. This year, even though the price of bitcoin and the investment in initial coin offerings both have dropped sharply, the overall blockchain and cryptocurrency adoption have seen a significant rise.

There are a lot of points which prove that 2019 will be quite beneficial for bitcoin as well the cryptocurrency space as a whole.

 

1. Institutional Adoption:

We are already witnessing a lot of institutional agencies getting involved in the cryptocurrency space.

A. The launch of Bakkt, an open source bitcoin futures exchange which is backed by the Intercontinental Exchange which also backs the New York Stock Exchange is set to launch in early 2019. Even before the launch, Bakkt has partnerships with huge players such as Microsoft and Starbucks. Although, Bakkt was scheduled to launch in 2018 however, the launch has been delayed two times by the company as to set a perfect time for the launch.

B. Fidelity, a multinational financial services corporation which has an estimate of over $2.5 trillion in assets as of March 2018 had launched the Fidelity Digital Assets in October this year which has resulted in a massive increase in the demand for bitcoin and ethereum by institutional investors. Also the head of the corporation, Mr. Tom Jessop is all set to launch a new startup which would consider other top cryptocurrencies. The startup will be called FDAS or Fidelity Digital Assets Services. Tom believes that cryptocurrencies will see a massive surge in 2019.

C. Big institutional players such as Morgan Stanley believes that cryptocurrency is a new asset class and the institutional investment is surely on a rise. The recently launched Bitcoin ETP in Switzerland has recorded a high volume in terms of institutional investors buying the dip. Apart from this, Nasdaq, the second largest stock market in the world has recently announced the listing of Bitcoin Futures very soon.

D. The final hearing for the VanEck Bitcoin ETF is scheduled for 27th February 2019 when the SEC has to give its final decision on the approval or disapproval of the same. People are hoping that this time maybe the SEC will approve the first Bitcoin ETF.

 

2. Development in Bitcoin, Ethereum and others coming up:

Bitcoin and Ethereum have a lot of developments scheduled for the upcoming year.

Bitcoin:

The lightning network is obviously in everyone’s mind when it comes to the development of bitcoin as due to being decentralized in nature, bitcoin is far away from competing with other payment gateways such as Visa and Mastercard. Currently, the bitcoin blockchain can only handle around 7 transactions per second while Visa handles around 24,000 transactions per second. The lightning network will massively increase the transaction speed of bitcoin blockchain.

Ethereum:

The Constantinople update in on the head and is scheduled to occur in January 2019. Constantinople will significantly improve the scalability of the Ethereum network which is one of the major drawbacks currently. Apart from this the update will also improve the processing time for developers and improve the Ethereum Network’s economics. Apart from Constantinople, Serenity, which is another big update is also scheduled for 2019.

 

3. Security Token Offerings (STO):

STO or Security Token Offerings might be the next largest thing in the world of cryptocurrencies. Just as the ICO boom last year, the upcoming year is being predicted to bring in massive amount of investment in the STO market. STOs are quite different from ICOs or Initial Coin Offerings as in a security token offering, the tokens represent the stake in the company. So, the investors in an STO would get a percentage of Stake in that particular company in accordance to his investment amount. STOs will surely attract much more investors that ICOs as most of the initial coin offerings last year were worthless or the tokens did not actually have a significant role.

 

4. Bitcoin Halvening in 2020:

The next Bitcoin halvening is scheduled to happen in May 2020. Bitcoin Halvening will result in the mining rewards being cut in half which prevents hyperinflation. Thus as the mining cost will increase, the price of bitcoin is likely to increase. In the past, the Bitcoin Halvenings which occurred in 2012 and 2016 both saw a new all-time high in the price of bitcoin and the same is being predicted for 2020 as well. Analysts predict that the price of bitcoin will likely start rising massively at least 6 to 8 months before halvening actually happens.

Continue Reading
11 Comments

11 Comments

  1. Pingback: Bitcoin in 2019: Solid reasons for a sharp rise in BTC price. - Bitcoin FYI

  2. Pingback: Bitcoin in 2019: Solid reasons for a sharp rise in BTC price. - CryptoZoneCoin

  3. Pingback: Bitcoin price predictions: Will crypto SURGE to new highs or PLUMMET to new lows in 2019? – Express | Bit4Good

  4. Pingback: In case you are like many people, presenting and public speaking is something that hits concern in your center. Just thought about receiving before total strangers could make you anxiety. Go on a serious air and loosen up, since now you might read through

  5. Pingback: General public communicating is a huge anxiety that men and women have right now. Some individuals feel they will quite perish. When you have a few ideas to assist you throughout the experience, you happen to be ahead of the masses. Overcome your fear of

  6. Pingback: Are you presently a new comer to the notion of general public talking? If so, you can study this vital ability. This information is filled up with tips along in your mind. Learning to articulate in public places will tremendously help you. Acquire informa

  7. Pingback: Community talking on one of the most universal anxieties. A lot of people usually do not just like having to talk before and audience of total strangers or co-workers. But the tips below will help you overcome that concern. So keep reading, put these poin

  8. Pingback: There are many those people who are able to articulate very easily in front of a audience of the dimensions. Regardless of what the problem, they could provide a presentation that is certainly transferring and impressive. In case you have possibly wanted

  9. Pingback: Does your task consist of general public speaking? Would you daydream about having the capability to convince others through dialog? If thinking about public communicating scares you, you will be not even close to the only person. The following are here t

  10. Pingback: For lots of people, speaking in public is one of their greatest anxieties. The thought of standing upright looking at viewers and delivering a dialog foliage them feeling scared. If this is each of your concerns, tend not to be alarmed. The following advi

  11. Pingback: Happy Genesis Block Day, Bitcoin getting stronger: BTC to the moon – Cryptocurrencies World News

Leave a Reply

Your email address will not be published. Required fields are marked *

#Bitcoin

Bitcoin and Dark web: Transactions increasing, Values decreasing

Published

on

The bitcoin transactions on the dark web, underground illegal marketplace have doubled in the last year (2018) in comparison to 2017.

The bitcoin transactions on the dark web, underground illegal marketplace have doubled in the last year (2018) in comparison to 2017 while the value of the transactions has decreased from around $700 million in 2017 to $600 million in 2018 as revealed by Chainalysis’s report.

 

Dark web not affected by the bear market:

It seems that the dark web is not affected by the bear market trend which led to the price of bitcoin to fall from over $19000 to around $3200 last year. Even during the bear market, the transactions on the dark web have been rising.

According to the report by Chainalysis, a blockchain analysis company, the value of the total transactions on the dark web was around $700 million in 2018 while the value of bitcoin transactions in 2018 was around $600. This was probably due to the shut down of dark web markets such as AlphaBay and Hansa in 2017.

The dark web websites have been experiencing massive growth in terms of the number of cryptocurrency transactions even though the prices of these cryptocurrencies have seen a tremendous decline over the past year. According to Kim Grauer, the senior economist at Chainalysis, the buyers and sellers on these dark web marketplaces really do not care about the price of bitcoin or other cryptocurrencies while transacting. She also believes the in the coming time, the value of these transactions may further decrease as the governments are taking strict measures in order to shut down these markets.

 

Binance using Chainalysis:

Binance, which is one of the largest cryptocurrency exchanges revealed last year that it was using Chainalysis’s KYC and anti-money laundering software to prevent any illicit transactions on the exchange. The software by Chainalysis is used by companies to perform investigations in terms of financial transactions. The same software is also being used by many institutional clients of security firms for compliance.

Continue Reading

#Bitcoin

Trump Government Shutdown: Impact on Bitcoin ETF, Bakkt and Cryptos.

Published

on

The ongoing government shutdown is devastating for the crypto industry. Major functions of the government are simply not working right now.

The ongoing government shutdown is devastating for the crypto industry. Major functions of the government are simply not working right now. The SEC announced that it will be limiting its operations reducing its staff during the shutdown and restricting the functions to those that meet critical needs and unfortunately the Bitcoin ETF may not be a critical need to the SEC.

The US CFTC is also doing limited staffing during the federal government shutdown. There is no time limit as to how long the government shutdown is going to go on but the longer it goes on, the longer will be the delays for these key items that the people have been waiting for. So the possibility of an extended government shutdown could definitely impact the cryptocurrency industry in the United States.

 

Will the government shutdown impact BAKKT?

Obviously, it impacts the launch of BAKKT, particularly their futures because the CFTC does not have the staff sitting around to regulate. In fact, BAKKT has announced that basically there is an indefinite delay at this point on the launch of their futures contract which is unfortunate but considering the dysfunction or the government shut down in America, it’s not really surprising.

But in the background of all this, it’s not as though that the Intercontinental Exchange has just gone to sleep and forgotten about all of the things that they want to do. They have recently acquired an established futures broker hoping to strengthen their bitcoin offering.

 

Impact on Bitcoin ETF

This government shutdown could lead to one of the SEC’s longest shutdown in recent years. So maybe the Bitcoin ETF is going to remain at the table for a long time from now because we have to realize that when these organizations come back to work there is going to be a massive backlog which will depend upon how long the government shutdown goes on. The SEC and the CFTC both have issued orders freezing all pending administrative proceedings until further notice and this will not be changed until we see the federal government gets back to work.

The fascinating thing here is that technically if the SEC fails to approve or disapprove the Bitcoin ETF by the deadline the ETF, in theory, shall be automatically approved but the reality is that probably won’t happen. The SEC will probably just put out a one page denial or a one page request for withdrawal or a one page delay notice or something like that so even though they are running with a low staff, they are probably just going to keep kicking the can down the road on all these things instead of just letting it happen but there is still a technical possibility of the Bitcoin ETF getting directly approved.

 

Reg A+

Obviously, the Bitcoin ETF and the Bitcoin futures contracts by BAKKT gets a lot of attention but that’s not all that’s going on. There are about sixty different countries which have applied for Reg A+. Reg A+ is basically a mini IPO. SO this permits the eligible issues to offer securities to the general public and not just to accredited investors and some of these will definitely be cryptocurrency projects. But like everyone else, even these companies need to wait until the government shutdown is over.

 

Is Bitcoin influenced by the government shutdown?

Looking at Bitcoin, we can see that it is not super influenced by events like these. Although the Bitcoin ETF, Bitcoin Futures, BAKKT and all of these things get a lot of people excited but of course remember that we don’t need Wall Street. The SEC and CFTC are regulating for projects, especially for Wall Street.

The IRS has had to send home 56% of its staff. This is an agency which is already dramatically underfunded and then to send home even more of their staff during tax season means that not a lot of audits are going to be happening and they are already struggling to adapt the new tax policies which were put in place recently.

 

The State Level Innovation:

While the Federal Government cannot regulate during the government shutdown, the State Governments are pushing ahead with very innovative legislation and playing with this technology and trying new things. For example, Vermont is putting insurance on the blockchain, Nevada has issued 1000 marriage certificates on the Ethereum blockchain, Wyoming is bringing land records to the blockchain, Bitpay is helping Ohio accept bitcoin for taxes, two Colorado senators have filled a bill to introduce a digital token act which would allow cryptocurrencies to bypass securities laws which if passed could turn Colorado to a leading legislation within the United States in terms of cryptocurrency regulations and lastly, New York has become the first state to create a cryptocurrency task force which will be studying the regulation use and definition of digital currency.

 

Even though the Federal Government is having a dysfunction due to the government shutdown, there is still innovation happening. What are your thoughts on the government shutdown? Tell us in the comments section below.

Credits to CryptoLark. You are doing a great job!

Continue Reading

#Bitcoin

Bitcoin Lightning Network Updates 2019: Advancements and Forecast

Published

on

The popularity and commercial use of Bitcoin Lightning Network has increased at a very accelerated pace during the last few months. The reason is the improvement of the network day by day and increasing convenient and secure way of the transaction between consumers through this network. Being a peer-to-peer connection, this network gives features that even if two consumers are not directly connected to each other through a channel, any consumer on the network can do the transaction with another consumer on the network.

 

Let us have a glance on 15 new additions in Bitcoin Lightning Network in the last few months and also what could be the new features to come:

 

1. Fast payment:

Now, the payment done on the lightning network is so paced and frequent. You can compare this speed of payments with the speed at which data is transferred on the internet between connections. This has reduced the scalability problem of bitcoin for surety. No. of payments per second in the network has been increased considerably.

 

2. No restriction in the duration of the open network:

There is no any type of timeout kind of thing between the lightning network. That means that if both consumers wishes, the channel between them would be open for an indefinite time. Their channel will not be closed after a time and hence cost and time required to closing and restarting the channel has been minimized.

 

3. The enforcement of third-party for security:

Earlier, if in a channel, one consumer who wanted to steal money, closes channel; the second consumer has to report within a given time period to prevent the theft. The network is now planning to enforce third-part which wouldn’t be given any control over transactions but only performing the above function.

 

4. More secure routing in the network:

Unlike normal routing, in this network, a peer has only information of the previous peer and the next peer. A peer doesn’t have the knowledge of the originating and destination peer of the network in  Bitcoin Lightning Network. Thus, making it a more secure mode of payments and fund transfers.

 

5. Support more kind of payments:

Bitcoin Lightning Network now supports more kind of frequent payments, thus, there are only a few loads on Blockchain payment channel. Now, blockchain payment has only to take care of payments like closing and opening of channels of payments. Thus reducing extra overheads from the blockchain channel.

 

6. Functionality to close channel whenever desired:

Unlike regular connection, where there is a fixed timeout to close the channel, in this network, now two parties if agreed to each other can cancel the channel whenever they want. So, they don’t have to wait for unwanted time to close the channel even if the fund transfer is completed, they can close it immediately after mutual agreement.

 

7. Payment without invoice:

With this new feature, payment can be funded from one consumer to other without creating the invoice for the payment first. This new feature creates a fast streaming payment of funds. Now, the need of creating an invoice ahead of the transfer of fund which makes the fund transfer slower is non-relevant.

 

8. The functionality of single-funded channel:

Suppose a consumer wants to pay second consumer and the payment is uni-directional, then there is no need of another consumer to add fund in the channel and just a single-funded channel can be created with only first consumer participating and adding fund in the channel.

 

9. Payments across different blockchains:

Now, the lightning network allows payments across various different routes of blockchain provided they have same hash locking. Hence, the payment can be done from one channel of blockchain to channels of another blockchain only if they have the same hash code and locking.

 

10. No trust with third-party institutions:

The channel is completely shared between two consumers and no other third party has any access over the funds during the process of the transaction. This gives more security and safety to the fund transfer process done in bitcoin lightning network channel.

 

11. Provision of conditional payment:

Depending upon the result of some payment, now a probabilistic model of payment can be performed. This feature is known as sub-satoshi kind of payment. For example, A created a 1-satoshi kind of payment and pay B 0.3 satoshi with an odd of 10-to-3. This means that 70% of the time, A pays him 0 satoshis whereas 30% of the time, A pays 0.3 satoshis.

 

12. Less transaction fee:

Bitcoin is aiming to capitalize on small stores also. Hence, this network would cost a very little transaction fee, perhaps the least for any kind of transaction of funds. Hence, it could be used for daily purposed also like paying for restaurants, stores etc.

 

13. More Anonymity:

It will be impossible to track the payments completed through lightning channel network as a major part of these transactions take place completely isolated of the main channel of the blockchain.

 

14. Bi-directional fund channel:

For the very first time after the evolution of bitcoin, the funding has now become of two-sides. The lightning channel of bitcoin supports bi-directional fund channel.

 

15. Decentralized network:

Early testing of the bitcoin lightning network depicts that it is possible to have a decentralized network above the layer of blockchain transaction resulting to transfer funds from one peer to another peer even in multiple hops.

 

However, there are various still shortcomings. Bitcoin is aiming for various changes and upgrade in its technology to provide a more convenient and secure channel above the layer of the payment channel of the blockchain, thus increasing the scalability of the bitcoin payment. Let us also a brief glance at some upcoming features that the lightning network aims at:

 

1. Evolution of hubs like nodes:

A node similar to a hub in a network which would finally collect more than one payments of one or more peers would make a strong centralized network.

 

2. Reduce the complexity of the channel:

In the present time, the channel is very complexed. Several attempts are made by the bitcoin to make it a little bit simpler.

Continue Reading
Advertisement BitcoinAdvertising.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 3587.16854252
  • ETH
    Ethereum(ETH) 117.523806856
  • BCH
    Bitcoin Cash(BCH) 123.377542644
  • EOS
    EOS(EOS) 2.3780744776
  • LTC
    Litecoin(LTC) 31.1746766613
  • TRX
    TRON(TRX) 0.0250761863
  • ADA
    Cardano(ADA) 0.0431897944
  • DASH
    Dash(DASH) 70.0641206522
  • XEM
    NEM(XEM) 0.0558155417

Trending