Wednesday, July 3, 2019

📌 Why BTC Hit 13K, The U.S. of Crypto, and Libra to Binance?

MUST READS

Bitcoin is (Probably) Here to Stay

The obvious question is this: If Bitcoin was just a bubble to begin with, why has it been bouncing back in this manner? The answer is that cryptocurrencies, in some form or another, are probably here to stay.

Here are 4 solid reasons why Bitcoin isn't going anywhere...

US-Based Clearing House Opens Crypto Trading Platform for Brokers and Advisors

Apex Clearing Corporation, the U.S.-based clearing and custody house, has launched a cryptocurrency trading platform for broker-dealers and financial advisors to help their clients invest in cryptocurrencies more easily.

The platform will allow investors to transition between trading equities and trading cryptocurrency in just a few clicks. Opening and funding new accounts will take minutes compared to what has historically taken weeks when moving assets from a traditional investment account to a standalone cryptocurrency platform.

DEEP DIVE

Litecoin Will Test the Block Reward Reduction Theory Next Month

The countdown is on. In a little over a month, litecoin (LTC) will complete its halving – when the altcoin's mining reward will drop from 25 to 12.5 coins per block.

Although there's little history of block reward reductions, their impact on prices is quite strong. Here's a detailed look at both Ether and BTC prices as they approached their halving period... along with a research-driven prediction on where LTC's price will go from here.

🇺🇸 The United States of Crypto

In light of Independence day, Coinbase outlined findings of the growing interest in cryptocurrencies on a state-by-state level.

Key findings from the report:

👂Currently, 58% of Americans say they've heard of Bitcoin
🗳️ To date, more than 70% of US States have enacted legislation that addresses cryptocurrency or blockchain
👰 Over the past year, more people searched on Google for Bitcoin than the "royal wedding" or "election results"

"Institutions have Arrived:" Who, What, and Why

We've finally seen real momentum from legacy tech and financial institutions – with Square, Microsoft, Fidelity, and Facebook all announcing their forays into this space.

Two years after the last crypto bull market, it is undeniable that institutions and enterprises have arrived. But why now? What does this mean for the future?

REGULATORY FRONT

After Stephen Moore's Failed Fed Bid, He's Creating a Crypto Central Bank

😆 You can't make this stuff up...

Economist Stephen Moore, who recently lost out on a bid to join the board of the Federal Reserve, has joined a group of entrepreneurs who are starting what they describe as a new type of central bank.

They believe will it stabilize cryptocurrencies like bitcoin and its myriad of imitators, according to an investor pitch deck obtained by FOX Business and interviews with people associated with the effort.