CEO Of SIX Digital Exchange (SDX) Resigns From His Position Due to Conflicting Growth Strategy

Martin Halblaub, the head of an ambitious Swiss digital exchange, SDX, is stepping down. The CEO has cited strategic differences and personal reasons for his departure. Halblaub runs a consulting firm called Successful Boards and was in place for the phase of SDX. His swift departure is nevertheless a surprise as he and […]
Source: bitcoinexchangeguide
CEO Of SIX Digital Exchange (SDX) Resigns From His Position Due to Conflicting Growth Strategy

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Head of SIX’s Digital Asset Exchange Quits Over Strategy Disagreement

Switzerland’s SIX stock has just lost a key executive in charge of in-development assets exchange, SDX.
: worldnewsoffice
Head of SIX’s Digital Asset Exchange Quits Over Strategy Disagreement

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Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’

of Switzerland’ Digital Exchange, Martin Halblaub, leaves after eight on the job


Source: cointelegraph
Swiss SIX Digital Exchange CEO Departs Due to ‘Strategic Differences’

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Six Korean Fintech Firms Join Hands To Develop A Blockchain For OTC Securities Trading

Six companies in South Korea have signed an agreement to create a blockchain- platform that will help in of unlisted . CoinDesk reports that the aim of the consortium is to create a blockchain platform that will reduce the costs of transactions, fasten them and make them secure. The platform will aim at […]
Source: bitcoinexchangeguide
Six Korean Fintech Firms Join Hands To Develop A Blockchain For OTC Securities Trading

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Six Years Since The First ICO And The Shift To STOs

On 31, 2013, J.R. Willett launched the ever ICO, Mastercoin (now Omni), and tomorrow will mark 6 since this monumental occasion. Looking at the last 6 , it’s evident that the industry has matured and the very of fundraising within the blockchain space has changed. We’ve witnessed a slight shift away […]
Source: bitcoinwarrior
Six Years Since The First ICO And The Shift To STOs

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Vanuatu Extradicts Six Chinese Citizens Allegedly Involved in Crypto Scheme

suspects in an alleged cryptocurrency scheme have been extradited to from


Source: cointelegraph
Vanuatu Extradicts Six Chinese Citizens Allegedly Involved in Crypto Scheme

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The State Of Bold Bitcoin Price Predictions For 2019 End

bitcoin price prediction 2019

With half of 2019 already gone, here is a look at how the customary Bitcoin price forecasts have fared.


First Half of 2019 for Bitcoin

On the calendar, 2019 comes after 2018 but in crypto history, the year will undoubtedly be of far greater significance. Reason? Well, 2018 was something of a long winter for virtual currencies with prices falling by more 80% across the board.

Many commentators had spent 2018 providing extremely positive price predictions on the back of a late 2017 run. Bitcoin fell from $19,800 to $3,100 and altcoins saw red.

Perhaps in 2018, people wouldn’t be so eager to offer price forecasts, but alas they were. Not at first though because the Q1 2019 saw not much excitement in the market.

not releasing their pseudo-cryptocurrency, JPMorgan spent Q1 2019 calling BTC at $2,400 fair value and saying the top-ranked crypto was only useful in a dystopia. From a price action perspective, it was dull until April Fool’s day.

April 1, 2019, triggers a -blown rally that sees bitcoin cross $4,000, topping out at $8,000 a month-and-a-half later. Since then, it has been upwards with a few 30% declines along the way, and now BTC is up 220% in the first half of 2019.

In Q1 2019, commentators seemed prepared to stick to talking points like fundamentals without giving price forecasts. Since April Fool’s day, however, the price bets have come out in force.

Bitcoin YTD

From $10,000 to $40,000

Perennial bitcoin price forecaster Tom Lee of Fundstrat Global Advisors has moved from a conservative $10,000 to a more bullish $40,000 forecast in the space of three months. To be fair to Lee, he did 2019 would be positive for bitcoin.

The Fundstrat chief’s $10,000 prediction came to pass in June 2019. With the $10K mark attained, Lee believes this price milestone will trigger a FOMO-driven hype among investors taking BTC to $40,000 before the end of the year.

Others like Max Keiser also predicted that bitcoin would hit $10,000 back when the rise above $6,400 was still the 2019 high. Before any of these price calls, however, Weiss Ratings did say BTC would reach a new ATH in 2019.

Like Lee, Keiser also upped his short-term price bet from $10,000 to $28,000 at the end of May 2019. Keiser based his forecast on the situation in Europe saying BTC will set a new ATH in 2019.

For Keiser, the main goal isn’t even a new ATH but a six-digit price valuation that takes bitcoin’s market capitalization into the trillion-dollar arena on similar levels with commodities like gold.

Beyond 2019

commentators also added to the list of future price calls. The stock to , price models, predicts a BTC price of $55,000 by 2020.

The 2020 halving constitutes an integral part of many of these new future price bets with the expectation of BTC continuing its parabolic advance in the lead up to the block reward halving.

As always, there are the naysayers, “bitcoin is going to zero” brigade whose forecasts end up being more laughable than Lee’s $25k end-of-year price call for 2017. JPMorgan says BTC is overpriced, Nouriel Roubini, like a broken record never fails to up the $0 prediction.

What is your end of year price forecast for Bitcoin? Let us know in the comments below.


Images via Tradingview

The post The State Of Bold Bitcoin Price Predictions For 2019 End appeared first on Bitcoinist.com.


Source: bitcoinist
The State Of Bold Bitcoin Price Predictions For 2019 End

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Fintech firm, SIX, Becomes Shareholder in Digital ID Company – Business Partnerships – Altcoin Buzz

firm, , Becomes Shareholder in Digital Company – Business Partnerships   BuzzTop Fintech Company, , has recently new heights with its purchase of stocks from PXL Vision, a Digital ID company.
Source: worldnewsoffice
Fintech firm, SIX, Becomes Shareholder in Digital ID Company – Business Partnerships – Altcoin Buzz

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Six Years After First Bitcoin ETF Filing, How Close are We For One?

It seems inevitable that two of the financial world’s hottest trends would cross roads with each . For bitcoin enthusiasts and investors looking to benefit from the growing popularity of exchange-traded funds (ETF), the possibility of a derivative that tracks the value of cryptocurrencies is the best chance for connecting the two worlds.

But the which holds power to approve a bitcoin-based ETF is uncertain about its real-world prospects. The Securities and Exchange Commission (SEC), the US securities regulator, is hesitant to allow a nascent and mostly unregulated market such as the bitcoin to participate in a thoroughly regulated ETF space. The core reason is bitcoin’s wild price swings, which, as SEC explained, is reflective of broader price manipulation and fraud cases across the cryptocurrency spot market.

Bitcoin ETF Future’s Bleak

The SEC has turned down a of nine Bitcoin ETF proposals in the last six years. The first applicant was the Winklevoss Bitcoin Trust, a trust backed by the founders of Gemini cryptocurrency exchange, Tyler and Cameron Winklevoss.  Other applicants that got in the way of the SEC’s rejection spree include ProShares, Direxion, and GraniteShares.

At the same time, the applicants that passed through the SEC’s early stages but stuck in a long-pending review process later include Bitwise and VanEck/SolidX.

The likelihood of receiving a green signal for a Bitcoin ETF has gone further down in June, according to Jeff Dorman of Arca, a US-based asset management firm. The chief investment officer said in a research note that because of the cryptocurrency’s 50 percent surge and 20 percent downside correction in June would make it difficult for the commission to approve an ETF.

“It’s a slam dunk that an ETF won’t be approved any time soon, as an 81% 14-day levered rally, most of which occurred after U.S. trading hours, is not exactly the formula for successful SEC approval,” he wrote.

bitcoin, bitcoin price, btc usd

Bitcoin has Recovered by than 275% Since Its Bounce Back from the $3,120 Level | Image Credits: TradingView.com

Ray of Hope

The comments nevertheless appeared at a time the bitcoin market seems more confident about an ETF approval. In late June, the SEC opened a commenting period on an ETF proposal filed by Wilshire Phoenix Fund. The New -based asset management firm has proposed to offer shares to a combined ETF backed by both bitcoin and treasury bills.

In response, the SEC allowed the on the NYSE Arca Exchange following a rule-change proposal, pending the 21 day comment period. The suggestion read:

“The Exchange proposes (1) to amend NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares) to provide for issuance and redemption of such securities for the underlying commodity and/or cash, and (2) to list and trade the shares of the United States Bitcoin and Treasury Investment Trust NYSE Arca Rule 8.201-E, as proposed to be amended.”

The final approval for the Wilshire’s ETF proposal is still months away. In the meantime, the probability of SEC to approve a bitcoin ETF looks bleak, at least in 2019.

The post Six Years After First Bitcoin ETF Filing, How Close are We For One? appeared first on NewsBTC.


Source: newsbtc
Six Years After First Bitcoin ETF Filing, How Close are We For One?

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Bitcoin Is Nightmare For Banks Laundering $2 Trillion Every Year

bitcoin against money laundering

One of the big attractions to Bitcoin is its ability to bypass the banking system. The likes of doom monger, Nouriel Roubini, still bash BTC in favor of a largely unprincipled banking system the top get richer at the expense of the bottom. Banks are far from infallible by nature, and the number of recent reports on money laundering scandals is on the increase.


Banks Fear Accountability

$2 trillion (over ten times the total market capitalization of Bitcoin) is laundered by banks every year and they fear it because a public ledger would make them accountable. This was noted by Bitcoin and cryptocurrency enthusiast Rhythmtrader in the below tweet:

Dollar Weakening Good For Bitcoin

As millions of Americans celebrate the fourth of July, US president Trump has shown no of abating his economic war on the rest of the world. The latest in the Trump twitter tirade has called for mass money manipulation to match what he sees other nations already doing.

In the eyes of the POTUS, China and Europe are pumping money into their systems in order to compete with the US. In his view, the US should ‘compete’ by doing exactly the same which would effectively devalue the dollar.

Crypto trader Alex Krüger noted that these actions would also increase rates and cause markets to soar.

“China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!”

A weaker dollar would be bullish for Bitcoin as investors seek a safer offshore store of value.

Fundstrat’s Tom Lee also noted the need for Trump to crank stock markets , which would also be support for equities.

BTC Against Money Laundering & Manipulation

Bitcoin has been on fire in recent months, which has also correlated with a falling dollar and an escalating trade war between the US and China. has also reached a six-year high as it too is viewed as a reliable store of wealth away from fiat which is easily manipulated by governments and their rogue leaders.

A public blockchain based banking system would unveil countless shady transactions that are clearly still going on. In a world dominated by banking scandals, money manipulation, and trade wars, Bitcoin is looking like the better bet.

Do you Bitcoin is an effective force against currency manipulation and money laundering? Comment below. 


Images courtesy of Shutterstock, Twitter: @Rhythmtrader, @krugermacro, @fundstrat

The post Bitcoin Is Nightmare For Banks Laundering $2 Trillion Every Year appeared first on Bitcoinist.com.


Source: bitcoinist
Bitcoin Is Nightmare For Banks Laundering Trillion Every Year

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