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KANGAROO CRYPTO: Limited Edition Unique Cryptocurrency Apparel (Sponsor)
It’s Monday again with new exciting things so let’s dig in. Bitcoin looks for price support after failed $10K crossover this weekend. However, CNBC Fast Money’s Brian Kelly sees three catalysts that will push Bitcoin price higher: Goldman Sachs’ entry into the market, Regulatory Clarity, New York City’s Blockchain Week. Big day for Ethereum, but SEC’s Chairman has already stated that Ethereum is not a security; announcement could be within hours. Ripple is in the same boat. Class action lawsuit against Ripple alleges sale of unregistered securities.
Old investors resort to childish taunts about Bitcoin, but there is an optimistic trend developing. Charlie Munger compares Cryptocurrencies to “turds” and “dementia,” and no, Bitcoin price didn’t drop because Warren Buffet said it is rat poison. Fred Wilson (Large-Scale investor) schools Warren Buffet on the value of Bitcoin. Apparently, Elon Musk is “super, super serious” about starting a Crypto Candy Company as a result of a spat between him and Buffet; 1st world problems.
Nick Colas (Pro-BTC Wall St Analyst) urges not to buy Crypto now, despite the recent rally. Of course, Chris Burniske says now is the time to buy. Who to believe? Either way, the question is will Millennials be a cashless generation? I believe so.
In the land of Altcoins, there is much to be excited about. VeChain gains Institutional Investors with PwC’s ownership, optimistic trend developing. NEO gathering momentum with Parsec Frontiers, O3, and NewEconoLabs. Ripple network joined by another financial institution seeking its instant payment system. EOS continues to sit firmly in the number 5 spot on CoinMarketCap, but still weigh the pros and cons of the platform. IOTA partners with Porsche through German startup, Autobahn. About 20 startups and small business are looking to ride the Waves platform. New Bitcoin Cash-based Social Network appears.
The age of endless Blockchain Forks is coming to an end. The code is law – but it’s not the only law for Blockchains; there are layers of governance. Raiden, Lightning, and Plasma aren’t the only contenders in Crypto speed battle; enter Liquidity Network. This just goes to show that Blockchain development is ever evolving.
Adoption continues to heat up! The startup that puts diplomas on the Blockchain raises $3 Million. Publishing 2.0: A new beginning with Blockchain Technology. Leading Formula One team Williams Martini taps Blockchain to gain an edge on the competition. Blockchain popularity to create a challenge for Banking, Financial Services, and Insurance industry. Don’t look now but a Blockchain-powered city is coming to the Philippines via the Noah Project. Online Art Auctioneer to launch art authentication services based on Blockchain. With all of this Gartner’s research says, Global Blockchain adoption still low. Also Arizona lawmakers strip Crypto mentions from tax payment bill.
The US Central Bank is wrapping its head around the idea of “FedCoin” Cryptocurrency. Former US Federal Reserve Governor says Federal Digital Currency deserves consideration. Wall Street banks to follow Goldman Sachs’ Bitcoin trading desk, says analyst. JP Morgan Chase embraces Blockchain, is Bitcoin next? Many are hopeful that this will allow Institutional Investors a way in.
Did you know that College students use free electricity on campus to mine Bitcoin? But what happens when there are no more Bitcoins to mine? There will be fees that miners will charge. In the meantime looks like Cryptocurrency miners are trading Bitcoin futures.
This was a full weekend with news in over 18 countries, so I really encourage you all to check out all the articles by clicking HERE for all the articles from the past 72 hours.
Happy Investing and Trading!
BONUS: What Will Make Institutional Players Comfortable Entering Crypto? – Ep.56
