Forget About Bitcoin Cash War, Mike Novogratz Turns to Tokenization of Real Estate

CoinSpeaker

Forget About Bitcoin Cash War, Mike Novogratz Turns to Tokenization of Real Estate

Bitcoin billionaire Mike Novogratz explains another possible scenario to resurrect the cryptocurrency market, this time the real estate tokenization comes first.

Forget About Bitcoin Cash War, Mike Novogratz Turns to Tokenization of Real Estate

Continue reading at Coinspeaker
Source: CoinSpeaker

A Low Interest from Institutional Investors Impedes Wall Street Crypto March

CoinSpeaker

A Low Interest from Institutional Investors Impedes Wall Street Crypto March

Revolut founder Nikolay Storonsky presents some facts as to how BTC trading volumes have dropped sharply and why the recovery won’t arrive anytime soon.

A Low Interest from Institutional Investors Impedes Wall Street Crypto March

Continue reading at Coinspeaker
Source: CoinSpeaker

New Futuristic City Running on Blockchain Technology to be Established in Nevada

CoinSpeaker

New Futuristic City Running on Blockchain Technology to be Established in Nevada

Cryptocurrency millionaire Jeffrey Berns has acquired more than 67,000 acres of land in northern Nevada for building a new city that would run entirely on blockchain.

New Futuristic City Running on Blockchain Technology to be Established in Nevada

Continue reading at Coinspeaker
Source: CoinSpeaker

The Impact Of Institutional Investors On The Market

Institutional investors have come into the crypto space and with that in mind, large buyers such as endowments and hedge funds have been consistently purchasing over $100,000,000 worth of cryptocurrency through private transactions.
Now, miners have started to schedule over the counter coin sales. Some have even set up their own liquidity desks and operations to accommodate the estimated $250 million to $30 billion in trades alone.
Before this, big investors have steered clear from the crypto investing space because of the lack of stability for the bigger currencies. With prices of Bitcoin and Ethereum have reached a certain balance in this, more and more traditional financial institutions have started diversifying their portfolios with crypto assets.
For individual investors, this active interest from big players presents a range of new opportunities as well.
As Forbes mentioned, considering the current demand, large investment companies are saying close to the launch of dedicated crypto-investment products for much longer. The Goldman Sachs Group has become the very first bank to offer a Bitcoin trading product to its customers. At the start of this month, the company began to bring on a few customers to test their crypto trading desks which will allow trading Bitcoin non-deliverable forward contracts.
The owner of the New York Stock Exchange, Intercontinental Exchange has planned the launch of their Bitcoin futures for later next month. The contracts will be backed by Bitcoin reserves held in ICE’s virtual asset ‘warehouse’. This means that Bitcoins will change hands once the contract expires. All futures contract will also be validated through ICE Clear US.
CEO of the G8C token-issuing GanaEight Coin Ltd, a Ganapati Group company, Hayato Terai has said:
“Legislative changes regarding financial products are bringing in more transparency and legitimacy to the crypto-trading space. The ICO space will soon undergo similar changes as well. With better regulations and security mechanisms such as tokenized securities and stablecoins already being introduced, we should expect more interest and participation from institutional investors.”
Earlier in the year, Goldman Sach’s Principal Strategic Investments Group invested in BitGoo’s product along with Galaxy Digital Ventures LLC. The product is a new generation custodian purpose built wallet for storing digital assets, designed for specifically for institutional.
What are your thoughts? Let us know what you think down below in the comments!

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1538128067916-0’); });

The post The Impact Of Institutional Investors On The Market appeared first on Crypto Daily™.
Source: Crypto Daily

Ex-Google CEO: Ethereum Has a Tremendous Potential

CoinSpeaker

Ex-Google CEO: Ethereum Has a Tremendous Potential

Former Google CEO Eric Schmidt recently revealed that he’s a fan of blockchain technology and digital currencies, specifically referencing the likes of Bitcoin (BTC) and Ethereum (ETH).

Ex-Google CEO: Ethereum Has a Tremendous Potential

Continue reading at Coinspeaker
Source: CoinSpeaker

Bitcoin Bull Mike Novogratz Predicts a New Record High for 2019

CoinSpeaker

Bitcoin Bull Mike Novogratz Predicts a New Record High for 2019

Novogratz says that there will be an institutional FOMO with Bitcoin expected to cross $10000 by the end of first quarter of 2019.

Bitcoin Bull Mike Novogratz Predicts a New Record High for 2019

Continue reading at Coinspeaker
Source: CoinSpeaker

How EOS Has Failed It’s Investors


 Listen Here – https://soundcloud.com/cryptodaily/eos-failing-its-investors
EOS Governance Failure Exposed
There has been a wealth of speculation surrounding EOS and the EOS ecosystems governance over the past week or so. This comes off the back of a leak which seemed to prove that Chinese cryptocurrency exchange Huobi had been accepting donations in order to support certain voters within the EOS network that in turn contribute to how decisions are made within the project.
Continue reading How EOS Has Failed It’s Investors at Crypto Daily™.
Source: Crypto Daily

CFTC Demands Almost $2 Million from Illegal Bitcoin Pool Operator

In a case that has been developing over the past few months, the U.S. Commodity Futures Trading Commission (CFTC) has taken another step in its actions against Dillon Michael Dean and his U.K.-registered company The Entrepreneurs Headquarters Limited (TEH).

Dean, of Longmont, Colorado, who used Bitcoin to funnel his ill-gained profits, is charged with commodity pool operator (CPO) fraud, options fraud, and failure to register with the CFTC in violation of the Commodity Exchange Act and Commission Regulations. Dean also failed to register as an associated person of a CPO.

Fines to Hit Almost $2 Million

According to the CFTC’s Order, from approximately April 2017 through its filing on January 18, the defendants solicited almost $500,000 — specifically $499,264.04 — worth of Bitcoin. This was taken from at least 127 members of the public who expected to participate in a pooled investment vehicle for trading commodity interests. 

Late last week, the CFTC requested that the New York Eastern District Court enter a default judgement in favor of the Commission and against the defendants. The regulator requested that the Court orders the defendants to be held jointly liable and to make restitution in the amount of almost $500,000 plus post-judgment interest and other fines.

In the scheme, Dean promised to convert the Bitcoin he acquired using TEH websites, YouTube videos, and Facebook posts into fiat currency to invest on his customers’ behalf in a pooled investment vehicle for trading commodity interests.

The CFTC explains that pool participants were solicited to invest with the defendants by false claims of trading expertise and promises of high rates of return. In the end, it was revealed that Dean never actually engaged in trading on behalf of their customers and TEH’s purported trading profits were fictitious.

Of note is that, in addition to requiring the defendants to pay the almost $500,000 in restitution to customers, the defendants also have a $1,497,792.12 civil monetary penalty — bringing the total amount owed to a hefty $2 million. On top of the financial penalties, the Order imposed permanent trading and registration bans on the defendants.

The CFTC cautions that Orders requiring repayment of funds to victims may not result in the recovery of any money lost because the wrongdoers may not have sufficient funds or assets to actually pay. The agency claims that it will continue to fight for the protection of customers and to ensure that wrongdoers are held accountable, and in relation provide a link to the following document that advises customers about the risks of digital currency trading.

Featured image from Shutterstock.

The post CFTC Demands Almost $2 Million from Illegal Bitcoin Pool Operator appeared first on NewsBTC.

Source: New feedNewsBTC.com

Investor Buy Signal to ‘Make a Killing’ is the Next Bitcoin Death

An investment analyst has predicted the ‘death of Bitcoin’ articles will show the key moment to invest in Bitcoin. Following the ‘bubble popping’ over the last year, the analyst claims that this will be the buy signal for him and others to invest.

No Such Thing as Bad Press

Bitcoin has ‘died’ countless times according to the media. 99Bitcoins puts the figure at 306 deaths with quotes from each publication that has called it over for the digital currency. These articles often occur after temporary market crashes, including the Mount Gox hack where Bitcoin ‘died’ at $658 according to articles such as ‘Bitcoin is Dead’ by the Weekly Standard.

In the article, Jonathan Last said: “The speculators may not realize it yet, but you can stick a fork in bitcoin. It’s done.”

Now, CEO of stocks and investment website ADVFN, Clem Chambers, has claimed that these death reports are excellent buy signals for investors. He said that investors can ‘make a killing’ if they buy at the bottom, in a similar way to those who invested following the dotcom bubble. Chambers said:

“I want to see headlines saying “Bitcoin is dead” after a final leg down. This will signal a bottom as it has on many previous occasions. “The Death of Bitcoin” as a MSM headline will be the point I will be serious about loading up.”

‘Bitcoin is dead’ searches on Google hit an all-time high this year between February 4 and February 10 when the price of Bitcoin dropped to $6,048. That’s almost ten times higher than when Bitcoin died in 2014. Bitcoin has fallen to around this price an additional two times this year but searches have remained low.

Price of Bitcoin over the last year

 

Google search volume for ‘Bitcoin is dead’ over the past year

Chambers expects one more drop this year which will lead to the definitive death of Bitcoin for 2018. From looking at the charts, he sees ‘another final leg to fall’ but admits that’s just his opinion. After 2014, it took two years for the price to stabilise and start reaching higher. However, recent news on Bitcoin ETFs may help to accelerate the progress this time around.

Bitcoin ‘Purge’ to Help Growth?

An ICO advisory firm has released a study showing over 80% of ICO projects were scams. This definition included projects that didn’t follow their roadmap or were deemed to be scams by community members. Three per cent ‘died’, meaning they were not listed on exchanges and had no contributions in Github for quite some time.

The data showed that investors have a good eye as the 80% of ICOs only received 11% of total funding. Yet it has been argued that removing some of the ‘unsuccessful’ coins could help to revitalise the market which has lost over $500 billion of its market cap this year. As cryptocurrencies are decentralized, this purging of coins would have to be voluntary but it could help to stimulate growth.

 

Image from Shutterstock

The post Investor Buy Signal to ‘Make a Killing’ is the Next Bitcoin Death appeared first on NewsBTC.

Source: New feedNewsBTC.com