The Initial Exchange Offering has galvanized the crypto markets – but until a few days ago Bitfinex, which has endured a tumultuous few weeks, was surprisingly quiet on the subject. While Binance launched Matic and Celer, Bittrex canceled RAID, and exchanges across the globe hopped on a rapidly-accelerating bandwagon, innovation specialist iFinex was uncharacteristically silent.
Widespread acceptance is widely touted as cryptocurrency’s end goal. But, with prices rising and the next halving a year away, it’s not yet clear who’s willing to spend it.
A recent announcement added further heat to the already-excited market: Bitcoin is going to be accepted at a large range of retailers. According to Fortune:
Bitcoin prices have settled to $7850, according to BitMEX, forming what some describe as a “bart” pattern over the course of the last week. Traders appear to be engaging in price discovery, and volatility is continuing the climb.
As shown below, BTC started its bull rally April 1st 2019:
Dash is moving closer to the launch of its investment foundation, the first fund of its kind to be owned by and for a decentralized network. In a blog post dated last Friday, Dash Core Group announced the election of the Foundation’s supervisors, which is expected to begin on May 30th.
Just days ago, we cast our minds back to the altcoin season of 2017, musing that Bitconnect is one of the projects now long dead after flying high only two years previously. Perhaps we spoke too soon… because news emerged over the weekend that crypto’s legendary Ponzi scheme is set to stage a return. Bitconnect is back.
Most internet connections are not used to their full capacity, with many users wasting their extra bandwidth while others eke their way along poor connections. While some of us have the can afford to pay for bandwidth we don’t use, many other users are priced out of higher-tier connections.
But what if you could rent out your unused bandwidth, as easily as trading a cryptocurrency token?
Bitcoin’s 2019 surge has led to some pundits scaremongering again, telling the crypto community that it is entering another bull trap. Bitcoin demand does, however, have some fundamental drivers fueling it. Among those are American and Chinese trade tension refugees and institutional investors.
Today’s crypto markets demonstrate that Consensus, the biggest event in the industry, is well and truly over. Following CoinDesk’s flagship jamboree, crypto is a sea of red today, reflecting a more cautious investor sentiment compared to last week’s strong euphoria that drove an already bullish market up $30bn.
Bitcoin Gold is bullish in the short-term, after creating bullish higher highs on the four-hour time frame.
EOS has a bullish short-term outlook, with the cryptocurrency testing back towards the best trading levels of the year so far.
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