Undervalued Bitcoin Will Be a ‘Multi-Trillion Dollar Asset Class,’ Says Analyst

By CCN: Bitcoin’s gains may not be parabolic, but the price is moving steadily higher. With BTC currently hovering at the $5,300 level, the mood around crypto has improved tremendously. Nonetheless, the bitcoin price continues to trade 75% below its peak. A new report by Adamant Capital suggests that the smart money represented by BTC whales is in an “accumulation” phase. This chapter reflects the “last phase of the bear market.” The firm, which runs a bitcoin alpha fund, is advising value investors that now’s the time to buy. Once…

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Crypto Exchange Kraken Takes a Cue from Binance, Delists Bitcoin SV

By CCN: Add Jesse Powell to the chorus of crypto exchange CEOS who are done with Craig Wright’s games. San Francisco-based crypto exchange Kraken has announced that it will be delisting Bitcoin SV (BSV), following in the trend-setting footsteps of Binance and later ShapeShift. Kraken has been engaging with its community about it ever since Binance CEO Changpeng “CZ” Zhao got the ball rolling earlier in the week. In an online poll, nearly three-quarters of Kraken’s followers voted in favor of delisting Bitcoin SV while more than one-fifth of tens…

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$1 Billion Crypto Hedge Fund Crashed 40% – But Still Beat Bitcoin

Crypto hedge fund traders were not immune to bitcoin’s downright frigid bear market. Just look at Polychain Capital, whose assets under management (AUM) fell to $591.5 million at year-end 2018, according to a regulatory filing cited in the Wall Street Journal. Investors Stay Put in Polychain Capital’s Fund The San Francisco-based crypto hedge fund boasted $1 billion in assets as of February 2018, which in addition to cryptocurrency included unspent cash pledged by investors and equity holdings in companies, Fortune reports. The value of Polychain’s AUM, however, tumbled nearly 40%…

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Presidential Candidate Tulsi Gabbard Backs Reintroduction of Bill to Exempt Tokens from SEC

Warren Davidson, arguably crypto’s best friend in Congress, reintroduced the Token Taxonomy Act yesterday. He originally introduced the bill alongside Florida representative Darren Soto last year. It never made it to a vote before the 115th Congress, but Davidson has decided to reintroduce in a Democrat-controlled 116th. The new bill already differs slightly from the original, and lawyer Jake Chervinsky says it might have more changes to come: The Token Taxonomy Act has been re-introduced in the U.S. Congress. This is the first step in a very long legislative process:…

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Blockchains Are Not About Privacy: Honest.cash Founder

CCN spoke with Adrian Barwicki, a blockchain developer and IT consultant who moved to Germany from Poland for college years ago and never left. Barwicki and a few others work on Honest.cash part-time. Honest.cash is a project that allows people to earn Bitcoin Cash for contributing good content as well as curating it. The concept isn’t new – it’s based on the Yours.org platform, which moved to Bitcoin SV last November. Barwicki says he’d never used Yours.org personally but learned from Twitter that its presence on the Bitcoin Cash blockchain…

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$50,000: Crypto Guru Reveals Dizzying Bitcoin Price Target

The crypto rally has lots more runway ahead, even if the bitcoin price appears stuck. Trader and classical chartist Peter Brandt revealed his bullish prediction of $50,000 for the bitcoin price, which is currently holding steady at $5,000. Investors must exhibit some patience, however, as it won’t happen overnight. Brandt expects that it will achieve this level over the next two-to-three years based on historical patterns that are resurfacing like a reflection in a mirror. Bitcoin Price Could Surge to $50,000 by 2021 There are countless bitcoin predictions out there,…

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Dogecoin Hits the Big Leagues: Elon Musk’s Favorite Cryptocurrency Now Listed by Huobi

Veteran exchange Huobi announced today that it would be listing three pairs for Dogecoin: DOGE/BTC, DOGE/ETH, and DOGE/USDT. When Moon? Dogecoin recently experienced a significant pump but has corrected on its BTC peg in the interim. The limitless supply cryptocurrency created by Jackson Palmer in 2014 has historically ranged between 50 and 100 Satoshis per coin, sometimes reaching as high as 2-300. The currency is widely traded and used in many places that also accept Bitcoin, Litecoin, and Ethereum, including gambling sites and payment processors. Notably, it is one of…

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Pakistan Will Issue Its Own Digital Currency By 2025

According to the Dawn, a local media outlet, Pakistan’s central bank has announced plans to have a digital currency by 2025. Digital Version of the Pakistani Rupee Speaking about the regulation of Electronic Money Institutions, non-bank entities that will be allowed to issue “e-money” for digital payments, Pakistan’s State Bank Deputy Governor Jameel Ahmad told the audience that digital currency is more efficient. He also called on the government to ensure that cybersecurity was a top priority moving forward so that Pakistanis can fully take advantage of recent innovations. While…

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