Bitcoin to End 2018 With 80% Drop, What Investors Can Expect in 2019

Following one of its biggest bull rallies in history to $19,500, Bitcoin (BTC) is set to end 2018 with an 80 percent drop from its all-time high. As Bitcoin enters 2019 with a bear market status having suffered a steep sell-off in December, what can investors expect in the first two quarters of 2019? Several Catalysts on the Horizon For Bitcoin In the first quarter of next year, Bakkt, a cryptocurrency liquidity provider and exchange operated by the New York Stock Exchange’s parent company ICE, is set to launch a…

Stable Times at Circle: A Crypto Startup Counted Out Is Rebuilt and Riding High

––––––––––––––––––––––––––––––––– As I walked from my car to Circle’s offices in Boston on a Friday afternoon in early November, the sun appeared to have already set, even though it would be up a while longer – past 4:00 p.m. The weather was gray, windy and cold – above freezing, but only because it was due to rain biblically for the entire drive back to New York. If a bright orange parking ticket wasn’t already fluttering on my windshield, it would be soon. Oh, and bitcoin was down two-thirds from its…

How Lightning’s Elizabeth Stark Raised an Army

––––––––––––––––––––––––––––––––– A former academic, Elizabeth Stark likes to play devil’s advocate. Take, for instance, her appearance at the Crypto Springs conference in October 2018. It’s a sunny morning in Palm Springs, California, and a handful of attendees are lounging by the pool; onstage, however, Stark is busy describing some of the darker potential scenarios for the cryptocurrency industry, ones in which it could fall short of its potential. But if the words of warning aren’t drawing a response, it’s perhaps because the price of bitcoin is still north of $6,000,…

Backstage With CZ, the CEO Who Can’t Be Stopped

––––––––––––––––––––––––––––––––– Cameras, flashlights, tweets – when Changpeng Zhao takes the stage these days, a kind of mania seems to ensue. Of course, that’s perhaps to be expected when you’re known to the world over by just two letters, but “CZ” has arguably achieved something greater in 2018 — a celebrity status that’s equaled by his clout as an entrepreneur. On a sweltering December day in Singapore, Zhao is quick to show why — he has a surprise that’s not so much up his sleeve as under it. “I’m gonna show…

Bitcoin Exchange Paxful Sees 20% 2018 Growth, Driven by Africa

Regardless of bitcoin’s price volatility, 2018 saw an explosion of activity among African users. Revealed exclusively to CoinDesk, the peer-to-peer bitcoin exchange Paxful increased its transaction volume by 130 percent since January 2018 with an average of $21 million a week, compared to $8.5 million in 2017. The growth was driven in part by Paxful’s user base almost tripling in Ghana, with 41,243 accounts, and more than doubling in Nigeria to 321,476 accounts. According to Paxful CEO Ray Youssef, African bitcoin traders accounted for 41 percent of all of the…

Tron Price Analysis: TRX Price Expansion Ceiling at Dec 28 Highs

Latest Tron News Justin and Vitalik often throw shade at each other. It is normal, and as long as the two platforms are competing for developers, jabs will continue. The center of contention between these two maverick founders seems to be throughput and cost of transaction. On numerous occasions, Justin has been insisting that his platform is the best, can scale and is cheap to transact on. Besides, it has worked around the corner allowing dApp developers and other users to roll out TRC-10 and 20 tokens in an easy…

Ripple Price Analysis: XRP Find Support at 35 Cents, Close 2018 on a High

Latest Ripple News Coin creators ought to have a thick skin and always ready to answer any question touching on their creations. While Ripple is an independent and a for-profit company that advocates three main solutions in xRapid, xCurrent, and xVia, it’s a well-documented that the community is not so sure on whether XRP is a security or a utility. Brad Garlinghouse insists that Ripple Lab’s XRP is a utility and a former SEC commissioner did reinforce his position. In a recent AMA, Brad said XRP is a utility, and…

Too Soon for Blockchain Benefits in 2019, Says UPS Executive

Senior executives at United Airlines (UA) and logistics giant UPS think 2019 will not be the year blockchain goes mainstream, the Wall Street Journal reported on Dec. 28. Speaking to the publication, UPS chief engineering and information officer Juan Perez and UA’s executive vice president of technology and chief digital officer Linda Jojo remained level-headed on blockchain’s prospects. “We have a small team looking at blockchain, but we are still searching for the killer use case,” Jojo said. As 2018 draws to a close, blockchain has faced mixed reviews in…

Bitcoin Price Weekly Analysis: BTC Holding Key Uptrend Support

Key Points Bitcoin price declined recently towards the $3,560 support area against the US Dollar. There is a key bullish trend line formed with support $3,680 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently holding a crucial support and it could bounce back above $3,800 and $3,900. Bitcoin price is holding the key uptrend support near $3,600 against the US Dollar. BTC/USD is likely to resume its upward move above $4,000 in the near term. Bitcoin Price Analysis This past week, bitcoin…

Bitcoin Price Rally Loses Steam Near $4,000; Will 2019 Wake Bulls?

The Bitcoin price has spent the first day of this weekend struggling to get through the $4,000 mark. The digital currency attempted a bullish reversal on Friday, marking more than $300 worth of gains in just two hours. That hasn’t exactly changed any longer-term sentiments for the market, especially when it has dropped by more than 80% in 2018. But the intraday volatility has served plenty of opportunities to traders who wish to get in and out of the bitcoin market on decent profits. The bitcoin price is now sitting…