Bitcoin “Bubble Bursting” Thesis | Joost van der Burgt Shares his Analysis

Is Bitcoin (BTC) a real asset or bubble? This question is a continuous discussion. Economists and market pundits have been closely watching Bitcoin mania; some of them are comparing it to teh Dutch Golden Age Tulip Mania, while a few are showing confidence in its future fundamentals. The debate over the shocking Bitcoin price movement and its ability to exist for the long-term hasn’t settled up. Until now. Joost van der Burgt, policy advisor at Federal Reserve Bank of San Francisco, however, believes that Bitcoin is a bubble which is close to bursting. The advisor has explicitly explained his thesis using five key indicators: Displacement Boom Euphoria Profit-taking Panic The market has already crossed the first three stages of the cycle as the economist thinks the Bitcoin bubble is currently in the fourth stage of the cycle. He claims the displacement stage started occurring during the early age of Bitcoin – which then changed into the boom phase last year. Explaining the boom period, he said, “The ‘boom’ phase is characterized by prices rising slowly at first, but then gaining momentum as more and more participants enter the market, fearful of missing out.” The advisor further believes that the rush …

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Mount Everest Crypto Stunt | Crypto in May Shocked the Community

Mount Everest Crypto Stunt: Most crypto enthusiasts are aware that May was a busy month. There was stuff happening in the space almost every week. Companies announced new partnerships and rolled out new projects. Governments around the globe met to discuss crypto regulation. And some cryptocurrencies plunged on the market for what seemed like the entire month.  Amid the overload of crypto news, there was a devastating exception. Last week, four crypto enthusiasts and three Sherpa’s summited Mount Everest, the highest mountain above sea level. The decision to summit Everest was not one fueled by a desire for adventure, either. It was a publicity stunt, funded by ASKfm.io, a Ukrainian social media startup. In the start up’s search for fame, a local Nepalese Sherpa lost his life.  Crypto in May | The Mount Everest Crypto Stunt The Mount Everest crypto stunt was sponsored by ASKfm. The startup sponsored four crypto enthusiasts to both climb and summit Everest, in order to bury a digital wallet hard drive full of tokens. Earlier this month, ASKfm released a promotional poster for the crypto stunt, encouraging members of the crypto community to look for the Everest planted tokens “if they are brave enough.” Now, …

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How to Earn Bitcoin | Earn Bitcoin Playing Games, Mining, Jobs & More!

Bitcoin is the most valuable digital currency in the world. It’s no surprise many people are looking to earn some. When it was first created, 1 Bitcoin technically was worth $0. It is safe to say that it has since grown exponentially as at the time of writing, Bitcoin’s current value is a whopping $8,500 USD per Bitcoin and its market cap? over $300 billion USD. Ever the volatile coin, however, it’s price can skyrocket upward in a day or drop hundred’s of dollars in a day. If you are looking to get your hands on some read on! How To Earn Bitcoin You can, of course, buy it directly from an exchange, but you can also earn it. Earning and buying are two very different terms; to earn Bitcoin, you must perform a series of (usually digital) tasks or jobs and as a compensation for this effort, Bitcoin is paid or earned. Here are a few ways to do it… Lending Money Much like how a fixed deposit scheme works, one can lend Bitcoin to others on a peer-to-peer Bitcoin lending platform. A profit of 12-18% on the initial investment is returned, along with the invested amount. This is one of the …

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Popular Crypto Exchanges | Which Exchange is for You? We List the Best!

What are the most popular crypto exchanges? Are you missing out on the best? When it comes to crypto exchanges, there are a lot of options out there. You need to choose the one that works best for you. To do this, you need to know what you want. Do you want to be able to exchange cryptocurrency for fiat currency? Do you want a specific crypto trading pair? Knowing what you want will help you to choose the right cryptocurrency exchange for your needs. We’ve created a list of some of the most popular crypto exchanges to help you find the best crypto exchange for you. The best things to consider when choosing a cryptocurrency exchange that’s right for you are safety and security, exchange volume, and exchange fees. For example, ideally, you would want an exchange that is high in volume but low in fees. It’s also important to know that not all crypto exchanges are available in every country and some countries may have restrictions on what you can access on an exchange, these factors alone may be an instant deciding factor for you against a particular exchange. Let’s dig in! Popular Crypto Exchanges: Crypto-to-Crypto Trading In a …

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Either it was removed or you mistyped the URL. Here’s what you can do: Use the search box on the top right to find what you’re looking for Use the navigation bar on the top to navigate through the site Continue to state at this page blankly for the next 10 minutes If you think something’s wrong, contact us and let us know Sign up to our Bitcoin crash course for free using the form below this paragraph Source

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Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in Greece

The Daily In Monday’s Bitcoin in Brief, Belgium’s financial watchdog, which earlier this year published a warning about potentially fraudulent platforms promising fast and easy profits to crypto investors, has just expanded its blacklist. In Russia, reports have surfaced of a plot to assassinate Alexander Vinnik in Greece, where he fights an extradition request from US authorities accusing him of laundering billions of dollars, including funds from the hacked Mt. Gox. Elsewhere, Australia allocates budget for blockchain research, and Dubai-based exchange Bitoasis suspends dirham withdrawals. Also read: This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin Belgium Expands List of Fraudulent Crypto Platforms Belgium’s Financial Services and Markets Authority has expanded its list of unauthorized and potentially fraudulent crypto companies operating in the country. The financial watchdog has recently published a new warning noting that “the FSMA is receiving an increasing number of consumer complaints regarding investments in cryptocurrencies [and] once again warns the public about these platforms, often operated by fraudsters who are now resorting to cryptocurrencies to swindle consumers.” The regulator also said that people who have invested through these platforms often complain they never recover their funds. In March, the FSMA published its …

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The Tatiana Show – Distributed: Markets (Chicago) multiple interviews with the top minds from Zen Protocol, Republic Crypto, Kraken, VeriBlock, Torus Alliance, Leverj Exchange, Bond.One, Vulcanize & Blockdaemon

Click to download audio version Link url: https://tinyurl.com/y85w8j8j Topics include: — Blockchain technology, coding, scaling, programming, cryptocurrency, financial regulations, investing, trends, analysis, products and services and more! About the Guests: Adam Perlow (CEO of Zen Protocol) is a finance grad from the IDC, an Israeli army reservist, and an old hand in Bitcoin. He’s known it was going places since the day he first heard about it, way back in 2011. Ayesha Kiani is the Managing Director at Republic Crypto – A trusted presale token fundraising platform for all types of investors. She was previously at SingularDTV – A Consensys company. She’s a Venture Partner at NextGen Ventures and a Board Member for Ventures for America. She has a Bachelor’s in Finance from Stern, a JD from NYU Law School, and previously worked at Skadden. She likes House Music. Ryan Andersen, (Kraken) Technology headhunter with a successful track record within financial, banking, high frequency trading, crypto and technology markets. My studies and early career path were technology based and now I apply that to the technical recruiting realm while staying current with trends in technology. Experienced as a consistent top producing agency recruiter and corporate recruiting. I have international experience …

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Roger Ver | “Bitcoin Jesus” Predicts ETH and BCH will Reign Over BTC

Ethereum (ETH), and Bitcoin Cash could outplace Bitcoin (BTC) soon due to their superior technology and higher adaptations. Roger Ver – who has earned the moniker “Bitcoin Jesus” for his advocacy of Bitcoin from the early years, believes that Bitcoin could lose its leading position in the cryptocurrency sphere. He says cryptocurrencies like Ethereum and Bitcoin Cash (BCH) have better technologies and are well positioned to generate substantial gains in the days to come. Ethereum coins currently trade around $700 USD with the market capitalization of $69 billion. Its price and market cap is substantially lower than Bitcoin’s price of $9,000 USD and market cap of over $149 billion. Bitcoin Cash stands at the fourth spot in cryptocurrency ranking – with its price of $1,500 and the market cap of $24 billion. How Ethereum and Bitcoin Cash Outshine Bitcoin Although Ethereum and Bitcoin Cash price appreciated at a faster pace than bitcoin over the last month, both coins are still standing far behind bitcoin. Roger Ver says Ethereum and Bitcoin Cash will generate massive gains in the days to come compared to Bitcoins modest gains. This movement will allow ETH and BTC to outshine BTC. He said, “I see it …

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Bitcoin as a Payment System

Debates over the suitability of Bitcoin as a payment system continue. Last week, CFTC chairman J. Christoper Giancarlo stated he does not believe Bitcoin to be an “ideal” payment system. The chair has this mentality despite also saying Bitcoin has similarities to gold. This week, the Bank of America CTO joined the conversation. Bitcoin as a Payment System On Thursday, Catherine Bessant, Bank of America CTO, stated that Bitcoin as a payment system is very “troubling.” Not just Bitcoin, however, Bessant referred to the use of other cryptocurrencies as payment systems as well. Many recognize that the crypto sector comes with risk, with cryptocurrencies acting in illegal activity, such as money-laundering. The payment systems industry also has its trouble, with criminals using it for illegal purposes. Now, Catherine Bessant has said that virtual currencies are getting in the way of law enforcement closing in on the criminals using payment systems this way.  UK Central Bank to Tackle Issues Like Crypto Money Laundering In an interview with CNBC, Bessant said that Bitcoin as a payment system is “troubling” for one reason, in particular. According to Bessant, cryptocurrency is designed to not be transparent – and this is a problem. Why? Because this makes …

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Who Accepts Bitcoin? | Check Out These Places That Accept Bitcoin!

Bitcoin is the, without doubt, the biggest cryptocurrency. Many major companies around the world are now accepting bitcoin payment for online goods and services (in Denver, you can even use Bitcoin to pay for your parking!) An aggressive campaign led by Coinbase (where $1 million worth of transactions were processed for free) prompted large companies to start accepting bitcoin by using third-party services like Bitpay & Cryptopay. As the trend has been started it appears to be growing, so who accepts Bitcoin? There are some surprising companies and we’ve listed them below.  Who Accepts Bitcoin? KFC Canada – The world’s largest chicken franchise – KFC, is allowing customers in Canada to pay for “The Bitcoin Bucket” using bitcoins for a limited time. “The Bitcoin Bucket”, a themed container can be purchased for $20 CAD, and is delivered to customers. The digital currency is accepted only via BitPay – an online payment mode and does not encourage customers to pay crypto at the cash counters. Overstock.com – This large online retail store sells electronic products at minimal prices due to excess stock. Overstock.com allows customers to buy using bitcoin. It is the first major retailer to accept bitcoins and other major …

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