Bitcoin's Monster Drop Has Indicators Warning of More Pain Ahead
Many crypto investors are still struggling to explain the sudden plunge in digital assets this week. A look at technical indicators doesn't paint a pretty picture going forward.
| | Despite the Slow Start, Don't Sleep on Bakkt's Bitcoin Futures
Bakkt launched its physically-settled Bitcoin futures this week, providing institutional investors with a new way to bet on the expected price of Bitcoin in the near term.
Many were expecting this announcement to fuel prices into a new bull run... instead, prices started to do the opposite.
A few things to clear up...
- The recent price dump doesn't really have much to do with Bakkt. There's a lot of different ideas floating around as to why charts are red.
- It's a little too early to claim Bakkt was over-hyped.
In the big picture, Bakkt gives institutions a venue to hold and trade PHYSICAL Bitcoin. The doors just opened, so we can still expect institutions to trickle in.
The "smart" investors aren't going to come running in all at once. Although volume looks like a flop (so far), let's give it some time...
| | Weekends are for Altcoins When It Comes to Crypto Market Gains
Bitcoin's long been king of the cryptosphere. But altcoins could be catching up while most investors are taking a breather, according to a recent study.
| | This Tiny $1 Pot Stock Next to Be Bought Out for Big Dollars?
Over the last few months, this cannabis firm has been quietly making a series of significant announcements and financial moves.
In fact, some investors were so impressed; they just poured $100 million into this tiny company.
If you've got a little cash set aside for just the right opportunity, then this stock may be the one you've been waiting for.
| | Five INSANELY Bullish Charts for Bitcoin
With all the bearish talk going on lately, we simply couldn't resist. Props to @JamesTodaroMD on the timing...
| | ING: People Who Know The Least About Cryptocurrencies are the Most Excited About Them
ING released a report with a couple surprising conclusions. Apparently people are the most optimistic about crytpoassets when they have a little, but not too much, experience. Full report is here.
| | This Cryptography Pioneer Is Building A Cryptocurrency From The Ground Up
Silvio Micali, an MIT professor and lifetime cryptography researcher is building a public blockchain from scratch after raising over $260 million. Named Algorand, it aims to compete with Ethereum using a new technology called Pure Proof-of-Stake (PPoS).
| | [OFFICIAL REPLAY] Teeka Tiwari's "5 Coins to $5 Million
NOTE: This exclusive replay link will expire in less than 48 hours.
Click here to watch the replay now.
| | No More Kik Means All Eyes on Kin
Popular Canadian messaging app Kik is shutting down.
Yesterday, Kik's CEO Ted Livingston announced that the company would be closing Kik and laying off 80% of staff as it shifts focus to Kin, its cryptocurrency business that is currently the focus of a SEC lawsuit.
"After 18 months of working with the SEC the only choice they gave us was to either label Kin a security or fight them in court. Becoming a security would kill the usability of any cryptocurrency and set a dangerous precedent for the industry. [So] we made the decision to step forward and fight."
| | Privacy-Oriented Cryptocurrencies are Being Delisted from Exchanges Across the World
Cryptocurrencies such as Monero, Zcash and Dash, which can to varying degrees obfuscate transactions, are making it harder for exchanges and custodians to comply with fresh international guidelines. Demands are stemming from the Financial Action Task Force (FATF), an organization that comprises 37 countries and is led by the United States to prevent illicit financing.
FATF will conduct a review of how its member countries are implementing the guidance in June 2020. Lack of compliance could lead to the closing of exchanges and penalties.
Already, Coinbase, OKEx, Upbit and other exchanges have begun delisting.
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