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Bitcoin (BTC): S&P 500 Outlook And SEC Postponement Likely To Hasten The Fall

Bitcoin (BTC) appears vulnerable once again as bad news from the SEC and the grim outlook of the stock market signal further decline just when the price has run into a long term trend line resistance. We have previously pointed out the correlations between BTC/USD and the S&P 500 (SPX). Bitcoin (BTC) being part of a high risk emerging market often takes a bigger fall whenever the S&P 500 declines. This is very reasonable to see as investors try to get out of riskier assets whenever the stock market is in a decline. The majority of investors have no doubt...

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Lightning Network BATM Payments Slowly Becoming Real

One developer/researcher has successfully implemented the world’s first ATM Bitcoin transaction on the Lightning Network, as a proof-of-concept. At the end of last month (31st March), Felix Weis publicly demonstrated a transaction through a Lightning Network as a Bitcoin ATM, during the Lightning Hackday in Hong Kong. In describing the transaction, Weis said “Just a proof of concept ‘top up your existing channel.’ Lots of bugs but two different mobile wallets worked fine.” BTC Lightning Network The crypto industry seems to becoming increasingly more optimistic about the Lightning Network because it offers drastically lower BTC’s transaction fees while making it...

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Could Bitcoin Ever Reach The $1 Trillion Mark?

According to a professor from Cornell, one that is an expert in computer science and an advocate for Bitcoin, Emin Gun Sirer, crypto will be unable to surmount a $1 trillion collective valuation until some specific requirements are met. In fact, he believes that with industry developments the crypto winter will, eventually end. Recently, Sirer took to Twitter to say that the cryptocurrency market has surpassed $700 billion with inherently unscalable technologies”. In reference to 2017’s extremely fast and head-on bull run which caused a kind of hype-based rally. Others were sure that $1 trillion was in the industry’s crosshairs...

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SEC Make Big ETF Announcement

In some very exciting developments for the cryptocurrency space, the United States Securities and Exchange Commission has eventually made the decision to approve two applications for Bitcoin-based exchange-traded funds. Plans will go ahead next month with two Bitcoin ETFs being launched by Bitwise Asset Management and the VanEck project. It's probably worth saying Happy April Fools Day! Yeah... sorry about that. Unfortunately, the US SEC hasn't given the go-ahead for two ETF applications, in fact, they haven’t even approved one as of yet but it is on the Commission's list of things to do over this next year. Fun fact...

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Is The Right Time To Buy BTC Closer Than We Think?

Earlier this week, Bitcoin transactions rose to a 14 month high which was levels we haven’t seen since the peak of 2017’s cryptocurrency bull run: #bitcoin transactions reaching ath's again🚀 pic.twitter.com/YMfQIQir1C — Sakura 桜 (@SakuraXBT) March 28, 2019 This comes as financial rating firm Weiss said “the best time to invest could be very near,” citing the “remarkable growth in user transaction volume”. In its yearly outlook for the cryptocurrency industry, Weiss full statement reads: “Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth...

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