BITCOIN BTC DROPS TO 9350 AS DOW JONES FALTERS BUT BULLS ARE STILL HOPEFUL

BITCOIN (BTC) DROPS TO $9,350 AS DOW JONES FALTERS, BUT BULLS ARE STILL HOPEFUL

Nick Chong   •   February 25, 2020

Over the past few hours, Bitcoin (BTC) has started to tank lower once again, reaching $9,350 just an hour or two ago on some exchanges. The asset has since seen a slight bounce, returning to $9,400.

This means that in the past 24 hours, the price of the leading cryptocurrency has fallen by 3.25%, crushed after reaching $10,000 on the weekend for just a brief moment.

Bitcoin’s weakness comes amid similar weakness in the traditional stock market, with the leading indices in the Dow Jones, S&P 500, and Nasdaq 100 recently selling off amid fears of the coronavirus spreading into the West and having a substantial economic impact.

Yesterday, the Dow Jones lost 1,000 points, plunging by 4%. It just so happened that BTC fell by a similar amount. Today, the same index is down 1%, while Bitcoin is also down.

Some have suggested that despite the cryptocurrency being classified by “digital gold” as many economists, it remains an asset that performs well in risk-on environments, meaning the stock sell-off hasn’t been conducive to the success of Bitcoin.

Not All Hope Is Lost for Bitcoin

While the recent drop obviously isn’t good for Bitcoin investors, for it liquidated over $40 million worth of BitMEX long positions, some are hopeful that a bullish bounce may soon be in store for this nascent market.

Quantum Economics’ Mati Greenspan remarked that BTC is currently trading in a symmetrical triangle-esque formation, with prices consolidating towards the apex. Symmetrical triangles are often seen as continuations higher when the leading price action is an uptrend (and vice-versa).

There’s also this chart from chartist Nunya Bizniz, which shows BTC’s price action on a weekly basis over the past four years. It suggests that Bitcoin has been trading in a clear logarithmic uptrend the entire time, with the asset bouncing off the support depicted on at least seven separate occasions.

History repeating will see BTC bounce at the uptrend, which is currently around $8,800-$9,000, depending on how fast the price gets there. This is important as bounces off this growth level are historically what led the asset into bull markets.

There have been some fears of a deeper correction though, with some analysts eyeing $8,500, as there exists a CME futures gap at that price, and some targeting even lower prices.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

5 Best Ways To Ramp Up Your Mobile Marketing

5 Best Ways To Ramp Up Your Mobile Marketing

Written by: Syed Balkhi February 26th, 2020

Are you on track to creating marketing strategies just for mobile? Today, there are 5.11 billion unique mobile users in the world. Mobile phones are affordable, convenient to use, and, well, mobile! Meaning that more and more interactions are going to happen on your audience's phones than their desktop computers.

You need to get in the game and focus on your mobile marketing to get more engagement and drive conversions.

It's important to remember that people interact with their phones differently. Mobile platforms offer tremendous opportunities to win customers but they also come with challenges. You can't approach marketing on mobile the same way as you do marketing for your desktop website.

The unique features that mobile phones offer means that you have to understand what works and what doesn't. Let's look at a few key ways that you can ramp up your business's mobile website experience to improve your marketing outcomes.

Boost Your Site Speed

Improving your mobile site speed is very likely the most important step you can take to support your mobile marketing efforts. Over 40% of users will abandon a site if it takes more than 3 seconds to load. Improving your site speed will create benefits in two significant ways:

  1. Improved user experience: Visitors will stay on your site longer and have a better experience when your site is quick to load and navigate
  2. Better SEO: Search engines prefer to give users websites that create a positive experience. A longer load time does not meet users' expectations and as a result, it also affects site ranking. You can boost your mobile site SEO by simply improving the load time

Here are a few easy ways you can manage your mobile site's speed.

  • Start by testing your current mobile site speed. You can use free tools to test site speed and learn if you have any load time issues
  • Bring down the size of your site page weight or overall size to less than 1000kb
  • Reduce image sizes and remove carousels

Improving your mobile site speed will ensure the success of your mobile marketing. Make it a priority and keep testing it over time.

Write Content for Mobile

Since mobile screens are smaller, reading content on them can strain the eye. It's essential to optimize your content and make it easier for people to consume it. You can optimize your website for mobile phones with a few key changes.

  • Break text into small paragraphs consisting of 3-4 sentences
  • Use conversational or a casual way of speaking that is easy to read and engages people
  • Structure your content using headings, bullet points, and number lists so that it is easy to scan content
  • Create more video content as it is easy to consume on a mobile screen and is very engaging

Optimize for Voice Search
Along with the content suggestions just mentioned, you need to optimize your mobile site content for voice search. People use voice search and voice commands to interact with their mobile phones. Getting your site to appear as a result for specific voice queries will boost traffic and conversions to a greater degree. Here are a few ways you can build content for voice search.

  • Provide information such as store timings, location, store holidays, and other business details. People often look for location-specific and local information when using their phones. Adding appropriate business information helps search engines to pull up the answers when such queries are made.
  • Answer questions and create an FAQ page. Your audience will ask questions and expect clear and specific answers when they use voice search to get information. Your website can appear as a result if you provide helpful answers to user questions related to your business or industry.
  • When writing answers or creating content, keep it to fewer than 30 words as it's the ideal number of words when giving an answer.
  • Use long-tail keywords and phrases in your mobile content. This is because people will use a natural way of speaking and will express their queries as full questions. Your answers need to be prepared to answer such questions and should include relevant long-tail keywords

In these ways, you'll have your content optimized to bring in more engagement, traffic, and better search rankings.

Leverage Social Media Stories

Stories on social media are said to be the first true content format that's created for the mobile phone. They are short videos or images that people create – adding emojis, text, and hashtags. Stories last for just 24 hours and then they disappear, making it a way to share more personal and interesting information.

The vertical format is engaging and popular with users on social media, especially the newer generations.

Stories generate high levels of engagement and many brands today use it as a regular part of their social media marketing.

When creating stories, it's important to focus on building a relationship than promoting yourself. Your content should not be over-promotional and instead, should offer users entertaining and helpful information.

Use Call-to-Action Buttons

People are prone to make mistakes in typing and navigating when interacting with mobile sites. You can boost user experience and improve engagement by giving people the ability to perform actions with minimal effort.

Add call-to-action buttons as a way to help your site visitors use your pages easily. If you've listed your phone number, add a button that allows users to call you with one click. Include share buttons with your posts and add visible call-to-action buttons to subscribe. Create simple registration forms and sign up buttons that allow people to sign up to your membership site.

In short, help people to minimize the number of steps they have to take to accomplish a task on mobile. You can also improve user-experience by adding wallets to make the checkout process on your website faster.

Grow Your Business with Better Mobile Marketing

The widespread use of mobile phones and platforms gives your business many opportunities to engage your audience. It's vital to create content and leverage the right features and platforms that cater especially to mobile. Use the tips given here to give your mobile marketing a boost in the right direction, and you'll see great returns over time.

Syed Balkhi is an award-winning entrepreneur and online marketing expert. He is the co-founder of OptinMonster, WPBeginner, MonsterInsights, and WPForms.

Original article written by: Syed Balkhi and posted on JohnChow.com.

Article reposted on Markethive by Jeffrey Sloe

Shopify Joins Libra Association

Shopify Joins Libra Association

By RTTNews Staff Writer | Published: 2/24/2020 9:25 AM ET

Amid a slew of major companies abandoning the association, Canadian e-commerce giant Shopify has joined the Libra Association, a consortium of major financial partners of Facebook’s Libra cryptocurrency project. Shopify will now become the 21st member of the association.

Shopify intends to build a payment network that makes money easier to access and supports its more than one million merchants and global consumers of the platform.

It wants to create an infrastructure that advocates transparent fees and easy access to capital, and ensure the security and privacy of its merchants’ customer data.

The Libra Association was formed as an independent not-for-profit organization by the initial 28 financial backers of the Libra cryptocurrency project in June 2019 to oversee the cryptocurrency’s creation and eventual consumer roll-out. These 28 companies were to invest around $10 million each in the consortium to fund the development of the stablecoin.

However, seven of the 28 initial members, including most of the payment firms, backtracked as they did not want to be publicly seen to be backing the project, fearing regulatory scrutiny.

The companies who withdrew support for the project include Visa, MasterCard, PayPal, Stripe, eBay, and Booking Holdings. PayU was the only payments firm left in the association. Telecom giant Vodafone became the eighth firm to pull out of the Libra Association last month.

The member organizations who have already signed onto the Libra Association charter include Coinbase, Lyft, Spotify, PayU, Xapo, Anchorage, Kiva Microfunds, Andreessen Horowitz, Uber and Calibra, which is a Facebook subsidiary formed to run the Libra network, powered by blockchain technology.

The Libra project has been raising many serious concerns regarding privacy, money laundering, consumer protection and financial stability. Apart from being subject to significant regulatory and political scrutiny in the U.S., France and Germany also have recently pledged to block Libra from operating in Europe.

The news about Facebook’s planned cryptocurrency had come in early March 2019. In May, there were also reports about the social media giant’s plan to launch the cryptocurrency-based payments in many countries by the first quarter of 2020. Facebook then confirmed in June its plans to launch cryptocurrency Libra in 2020.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

How to Become an Influencer on LinkedIn

How to Become an Influencer on LinkedIn

            JAN 2020

LinkedIn is already huge, and it's growing bigger every year.

In fact, it has 660 million users across 200 countries.

And while it's not like Facebook and Instagram, which each have billions of users, LinkedIn is special to marketers.

This is because LinkedIn's focus is on business, jobs, and networking.

In fact, 80% of B2B leads come from LinkedIn, the highest for any social platform!

It's easy to see why you should market your brand on LinkedIn.

But it's not as simple as creating a profile and advertising your brand on the platform.

First, you need to gain trust by becoming a LinkedIn influencer.

How?

Here are five things you can do.

5 Easy Steps to Follow to Become a Trusted LinkedIn Influencer

You might have heard that LinkedIn invites popular influencers to become part of a special group on the platform.

These influencers include huge names like Bill Gates, Mary Barra, and Arianna Huffington.

Hoping to get an invitation from LinkedIn to join this special group feels like reaching for the stars.

The good news?

You don't have to be in this group to become an influencer in your own right.

All you need to do to gain attention for your brand is to prove your expertise and offer value to other users.

Step 1: Know Your Goals

Trying to achieve influencer status on LinkedIn will feel like going in circles if you don't first define your goals.

For instance:

  • Do you want to get more followers on the platform?
  • Do you want other LinkedIn users to visit your blog?

To begin, make a list of all the possible goals you can achieve through gaining influencer status on LinkedIn.

Once you've selected the right ones, it'll be easier to build your strategy around these goals.

For example, you want to become an influencer on LinkedIn to get clients for your freelance writing business.

Once you've listed this goal, you go on to take steps that'll make you the best choice for people looking for a freelance writer.

  • You post exceptional content to show readers your writing skills.
  • You make a list of your writing experience and expertise.
  • You share rich media related to your profession.

Knowing your goal is the first step on the path to achieving it.

Step 2: Create a Superstar Profile

When people click on your profile, they don't want to see a blank photo and little to no information.

They want to be impressed by who you are.

You don't want your profile to appear like this.

Instead, you want to capture your unique personality in a vibrant profile photo.

Describe yourself, your passions, and accomplishments.

Use stunning graphics.

Here's what an attractive LinkedIn profile looks like.

Although LinkedIn focuses on B2B and jobs, this doesn't mean you should be impersonal and overly formal.

In business as in life, it's about making real connections with real people.

And your profile should show that, highlighting who you are and what your brand can do.

Step 3: Create & Curate Standout Content

Once your profile is ready, it's time to prove your expertise in your industry.

One excellent way to do it is through posting content.

What kind of content should you post?

Content That Speaks to Your Specific Audience

Before you even start writing, chalk out an audience persona.

You want to hit all your audience's hot buttons with your content.

For example, you own a copywriting service. You want to attract clients who understand that paying for quality copy is a smart investment.

To address these people, you wouldn't write content on a topic like "Five reasons to invest in quality copywriting." Instead, you'd do something like, "Five standout elements to look for when selecting the best copywriting agency."

Knowing exactly who you're speaking to will help you create consistent content.

Spectacular Content

The content you create should be uniquely yours.

It should enrich readers so they'll feel they've gained something priceless each time they consume what you've written.

To do this, learn about your readers.

Understand what they're trying to achieve.

Then, go online and read blogs on your topic.

How can you improve what's already been written?

Make your content stand out.

Also, be trustworthy.

Back up facts with stats, use charts and graphs, and cite reliable sources.

You want everything you write to be solid.

Media-Rich Content

Content doesn't only mean articles and posts.

It also means photos, videos, GIFs, and even memes.

As a general rule, it's a good idea to add a photo to every article you write.

Look at this post:

It's not only attractive because of its data-backed facts, but also because of its crisp, candid photo.

Curated Content

You don't have to squeeze yourself dry for enough time to publish a post on LinkedIn every single day.

For the days when you're loaded with work, you can post curated content.

Curated content is valuable to your readers.

What's more, it'll make you a trustworthy figure in their minds because they're connecting you with powerful influencers whose posts you share.

So, how do you find content from excellent sites and influencers in your niche?

It's easy.

You can use software like Instapaper and Listly.

Step 4: Invest Time in Networking

On any social media platform, it's not all about getting attention.

It's about giving attention as well.

Make time to comment on stellar posts from other influencers.

Build relationships based on trust.

It won't be long before you find your list of followers growing.

Step 5: Promote Your Content Across Channels

As a marketer, you want all your marketing channels to work together seamlessly.

You want them to be part of the whole story of your brand.

To do this, promote your LinkedIn profile on your blog. On Facebook. On Instagram. And vice versa.

The more exposure you get, the faster you'll reach your goals.

Are You Using LinkedIn to Grow Your Business?

LinkedIn is a powerful tool you can use to grow your business.

But to succeed on the platform, you first need to build credibility.

Remember, always focus on the value you can give prospective clients.

If you keep doing this and follow the five steps listed above, it won't be long before you're considered an influencer on LinkedIn.

Image Credits

All screenshots taken by the author, January 2020

Article written by Julia McCoy, and posted on the Search Engine Journal website.

Article reposted on Markethive by Jeffrey Sloe

Coinbase Becomes Visa Principal Member

Coinbase Becomes Visa Principal Member

By RTTNews Staff Writer | Published: 2/20/2020 9:37 AM ET

US-based cryptocurrency exchange Coinbase has become the first pure-play crypto company to be approved as a Visa principal member. This membership will enable Coinbase to issue Visa debit cards directly without depending on third-party issuers.

This move comes about ten months after Coinbase teamed up with Visa to launch the Coinbase Card, a Visa debit card that lets customers spend their crypto balances direct from their Coinbase account. It is currently available in the U.K. and some other European countries such as Italy, Spain and France.

The cards were initially being issued by a third party, Paysafe Financial Services Limited, which is authorized by the Financial Conduct Authority. Coinbase is the first debit card to link directly with a major cryptocurrency exchange in the UK and EU.

The Coinbase card, which can be used globally, is currently allowed only to be used in countries where the card is supported. It is available to customers in 29 markets who are able to spend 10 cryptocurrencies in millions of merchant locations.

The card can be used as easily as a debit card is used to spend money in their bank account.

The cryptocurrencies in your Coinbase account can be spent using the card for funding holidays abroad to trips on public transport, making their crypto work for them in everyday situations. The Card supports all crypto assets that are available to buy and sell on the Coinbase platform.

Coinbase said more than 50 percent of customers who have a Coinbase Card use it regularly, with its maximum usage in the UK, followed closely by Italy, Spain, and France.

When customers use their Coinbase Card, crypto will be instantly converted to fiat currency, such as GBP, which is then used to complete the purchase.

The company has also launched the Coinbase Card app to help customers chose their particular crypto wallets to fund their Coinbase Card spending.

In mid-March last year, banking startup 2gether had announced a similar launch of a prepaid Visa debit card that allows users to spend cryptocurrencies in any of the 19 eurozone countries.

For comments and feedback contact: editorial@rttnews.com

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Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

Bitcoin Bursts Past 10000 Again: Will Bulls Keep Up?

Bitcoin Bursts Past $10,000 (Again): Will Bulls Keep Up?

After reaching as low as $9,500 on Monday, Bitcoin started to trend higher. As of the time of this article’s writing on Tuesday, the cryptocurrency has reached as high as $10,300 — 8% higher than the local bottom but a few percent below the local top at $10,500.

The strong recovery from the key $9,500 level is bullish, for it confirms the uptrend structure of Bitcoin remains intact. Indeed, a number of analysts have said that the price of BTC’s recovery is a likely precursor to yet another thrust higher, a thrust that will bring this market to new multi-month highs.

Bitcoin’s Outlook Turns Positive Again Amid Recovery

The recent move higher has convinced many that Bitcoin is ready to move even higher.

Gerald Walker, who has a moniker “The Wolf of All Streets,” remarked that Bitcoin remains in an ascending channel and is forming a wave pattern that will take it past $11,000 in the coming days.

The channel and wave he was referring to can be seen in the tweet below, which shows that Bitcoin bouncing off a crucial horizontal and diagonal support around a Fibonacci Retracement is priming the asset for a thrust to $11,000.

Walker added that as long as the $9,060 level stays intact, he expects to see “higher prices.”

Indeed, Bitazu Capital’s Mohit Sorout remarked that despite the retracement seen over the weekend, Bitcoin’s “market structure” remains intact, referencing the existence of a bull trend and the bounce off a key horizontal level.

Not to mention, the long-term uptrend remains decisively intact.

On Monday, analysts observed an extremely positive technical analysis signal: the 50-day simple moving average and the 200-day simple moving average crossed, with the former moving over the latter for the first time in nearly a year. This is called a “golden cross.”

Analysts have said that this validates the uptrend in the price of BTC, for it shows that a strong uptrend is forming.

Not to mention, Bitcoin’s holding above its 200-day moving average has always boded well for the cryptocurrency. An analysis from market research firm Fundstrat Global Advisors found that the average six-month gain for Bitcoin after it retakes its 200-day moving average is 197%, implying a price of over $20,000 by the middle of this year.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Bitcoin Price Fights to Hold 95K to Stave Off a Trend Reversal

Bitcoin Price Fights to Hold $9.5K to Stave Off a Trend Reversal


Image courtesy of CoinTelegraph

            FEB 20, 2020

On Feb. 20 Bitcoin (BTC) price surprisingly dropped 8.85%, a move which caught many investors off guard as up to that moment the digital asset had recovered well from the President’s Day weekend correction and was trading sideways in the $10,200 range. Citing data from CoinMetrics, ARK Invest crypto analyst Yassine Elmandjra tweeted that the $1,000 price drop was the fifth largest USD correction to occur on the hourly time frame since 2017.

Since the sharp downside move, traders, analysts, and crypto-Twitter have been attempting to pinpoint the source of the flash crash and a handful of theories have arisen. Some have attributed the volatility to the consecutive unplanned Binance exchange outages which halted trading on the platform and prevented many traders from being able to log into their accounts.

Others, like, Cointelegraph contributor and Bitcoin trader filbfilb speculated that a shortage of Tether (USDT) at Binance could possibly have contributed to the current market conditions.

In his Telegram-based trading channel filbfilb explained that the USDT shortage possibly shows that the majority of traders were in long positions, an observation further supported by the decreasing pace of Bitcoin’s momentum and the liquidation of $120 million leveraged longs at BitMex.


BitMEX XBTUSD Liquidations. Source: Skew.com

Regardless of the reason, the drop to $9,346 shook a lot of investors from their Bitcoin and altcoin positions and the current state of the market is negatively impacting investors’ bullish sentiment as they are choosing to wait on the sidelines for a clearer signal that a bottom has been reached.


Crypto Fear & Greed Index. Source: Alternative.me

Is the current price action a buy the dip opportunity or is Bitcoin on the verge of a significant trend change? Let’s check the charts to see.

Excited traders overlooked the tweezer top


BTC USDT daily chart. Source: TradingView

As shown by the daily chart, Bitcoin formed a tweezer top candlestick pattern at $10,250 after recovering from the previous weekend’s drop to $9,450. This should have been a signal that the likelihood of a pullback could occur but traders were probably feeling bullish after Bitcoin’s quick recovery from $9,450 placed the digital asset back above key support levels.

Despite the shock caused by yesterday’s correction Bitcoin price still found support at the high volume node of the volume profile visible range (VPVR) at $9,300 to $9,438. While this is reassuring, some cautionary notes are low purchasing volume which highlights a lack of buyers interested in stepping into the current dip and the state of the two most frequently referenced oscillators by traders not yet registering oversold conditions.


BTC USDT 6-hour chart. Source: TradingView

On the 6-hour timeframe, the relative strength index (RSI) has yet to manage an oversold bounce and the moving average convergence divergence (MACD) line continues to plummet, pressing on -100 at the time of writing.

Traders will also notice that the MACD histogram bars continue to elongate in negative territory (below 0) and the pattern of lower highs in the 6-hour chart is unbroken.

Bearish scenario

If buyers continue to believe the current price action is not a ‘buy the dip’ opportunity the price could drop below the VPVR high volume node ($9,438) and the 200-day moving average at $8,800 where there is another VPVR high volume node.

The shorter timeframe shows the price slowly making higher lows but the purchasing volume is not significant enough to hold the price above $9,600. Over the short-term, bulls need to defend the $9,500 support (black arrow on chart below) as the daily and weekly timeframe shows it to be a key level. A more significant trend change could push the price lower to $8,800 to $8,400.

Bullish scenario

If we zoom out to assess Bitcoin’s price action since reaching its 2019 top at $13,800 on June 26, 2018, we can see that the 38.2% Fibonacci Retracement level has been a frequent area where the price has bounced after strong corrections.


BTC USDT daily chart. Source: TradingView

Since June 26, 2018, the price has bounced here more than 10 times and yesterday’s pullback brought the price to the 38.6% level again. It’s crucial that the price stays above this level because the 38.6% Fibonacci retracement has also functioned as a strong resistance once the price dips below it.

On the flip side, assuming the price breaks out, we can also see that the last three Bitcoin rallies on October 12, 2019, February 12, 2020, and February 18, 2020, have failed to break above the 50% Fibonacci Retracement level. Thus, Bitcoin price needs to secure a few daily closes above $10,250 (50% Fibonacci retracement) before any calls for $11,000 can be seriously considered.

For the short term, Bitcoin price needs to knock out $9,630 and above this price, $9,750 is likely to function as a level of resistance. A more convincing maneuver would be to see Bitcoin price overtake the 20-MA of the Bollinger Band indicator and sustain above $9,850.

Original article posted on the CoinTelegraph.com site, by Horus Hughes.

Article re-posted on Markethive by Jeffrey Sloe

CFTC Charges Denver Resident With Running Fraudulent Crypto Scheme

CFTC Charges Denver Resident With Running Fraudulent Crypto Scheme

By RTTNews Staff Writer | Published: 2/17/2020 9:10 AM ET

The U.S. Commodity Futures Trading Commission (CFTC) has charged Denver resident Breonna Clark and Colorado-based Venture Capital Investments Ltd. with running a fraudulent scheme.

The regulator has filed a civil enforcement action in the U.S. District Court for the District of Colorado against Clark and Venture Capital, charging them of soliciting U.S. residents to trade foreign currency contracts as well as Bitcoin and other digital assets through a commodity pool operated by the defendants.

The two defendants are also charged for fraudulently soliciting prospective pool participants by misleading customers about their experience, expertise, and investment track record, the complaint alleges. They promised future profitability trading forex and digital assets.

They are alleged to have collected $534,829 from about seventy-two individuals. Out of this, at least $418,000 is believed to have been used for personal expenses, including buying a BMW vehicle and to make Ponzi-type payments to other pool participants.

Further, the complaint alleges that the defendants sent pool participants false account statements, which purported to show trading gains, to conceal their misappropriation. They also failed to appropriately register with the Commission pursuant to the Commodity Exchange Act and regulations.

The CFTC seeks “restitution to defrauded customers, disgorgement of ill-gotten gains, civil monetary penalties, permanent registration and trading bans, and a permanent injunction against future violations of the Commodity Exchange Act.”

The agency was assisted in its investigations by the Financial Supervision Commission of Bulgaria, Financial Markets Authority of New Zealand, Seychelles Financial Services Authority, St. Vincent and the Grenadines Financial Services Authority, and the United Kingdom Financial Conduct Authority.

The CFTC strongly urges the public to verify a company’s registration with the Commission before committing funds.

For comments and feedback contact: editorial@rttnews.com

Article written by an RTT News Staff Writer, and posted on the RTT News.com website.

Article reposted on Markethive by Jeffrey Sloe

Legendary BitMEX Trader Eyes 200 Rally in Bitcoin: Can it Happen?

Legendary BitMEX Trader Eyes 200% Rally in Bitcoin: Can it Happen?

If you've been on Crypto Twitter at all, ever, you likely know of AngeloBTC, a legendary Bitcoin trader and market commentator.

The rather mysterious trader, who tweets only a few times a year but manages to get all of Crypto Twitter's attention, is famous for rising to the top of the leaderboards on BitMEX, the leading BTC derivatives exchange.

Below is an image from 2017 or 2018 showing Angelo's primacy on BitMEX, accentuating his making thousands of Bitcoin worth of profits over his career.

Image result for angelo bitmex leaderboard

In Angelo's latest tweet published Monday, he gave potential "take profit" levels for four leading cryptocurrencies, hinting at where he expects for these digital assets to head in the coming year.

Top Trader Expects for Bitcoin to Rally Towards $30,000

On Monday, Angelo, after having not tweeted in two weeks, posted the below message, sharing his "minimum take profit [levels]" as we near 2021. The levels the trader indicated are as follows:

  • Bitcoin: $30,000, 206.1% above the current price of $9,800
  • Ethereum: $500, 86.5% above the current price of $268
  • Tezos' XTZ: $10, 206% above the current price of $3.26
  • XRP: $1, 244% above the current price of $0.29

The analyst did not guarantee such prices will be achieved by the cryptocurrencies he mentioned. However, the insinuation here is that he sees such prices being achieved by Bitcoin and its ilk as possible, maybe even likely.

Indeed, in March of 2019, he posted the linked TradingView post, in which Angelo said he has a $30,000 "by 2021" prediction for Bitcoin.

Can it Happen?

The obvious question remains — can Bitcoin hit $30,000 in the coming 10 or so months?

According to a number of other popular analysts and researchers, a strong move higher of over 100% is entirely possible, though few have targeted $30,000 for 2020.

Tom Lee — the co-founder of Fundstrat Global Advisors, a market research firm based in New York — noted in a swath of interviews with mainstream media outlets that Bitcoin's reclamation of its 200-day moving average is an extremely positive sign for the crypto markets in the near term.

Lee cited his firm's analysis, which indicated that every time the cryptocurrency retook the aforementioned technical level, its average six-month gain was 197%, suggesting prices of $25,000 by the middle of this very year.

And more recently, Mike Novogratz of Galaxy Digital and formerly of Goldman Sachs said that Bitcoin could hit $20,000 by the time of the block reward halving in May 2020, for this event has always been front-run by investors due to the event's ability to skew the supply-demand dynamic of BTC in favor of bulls.

Original article posted on the EthereumWorldNews.com site, by Nick Chong.

Article re-posted on Markethive by Jeffrey Sloe

Binance Cloud to Allow Users to Launch a Crypto Exchange Within 5 Days

Binance Cloud to Allow Users to Launch a Crypto Exchange Within 5 Days


Image courtesy of CoinTelegraph

            FEB 17, 2020

Binance's newly released Binance Cloud platform might be somewhat different from what the crypto industry expects the new feature to be.

After Binance founder and CEO Changpeng Zhao (CZ) first hinted at the introduction of Binance Cloud on Feb. 8, the new service has been officially released on Feb. 17, targeting users willing to set up crypto exchanges, according to a blog post by Binance.

All-in-one infrastructure for launching a crypto exchange

According to the announcement, Binance Cloud will serve as an all-in-one infrastructure platform for customers and partners to launch digital asset exchanges based on Binance's industry-leading technology, security, liquidity as well as custodial services. The solution also supports dashboard for managing funds, multilingual functionality, as well as a range of trading pairs and coin listings.

The Binance's new exchange-specific cloud solution will provide users with a method of setting up a crypto platform in their local markets. Binance Cloud's features include crypto spot market and futures trading as well as local bank API integrations and peer-to-peer exchange services from fiat to crypto, the announcement notes. In the future, Binance Cloud plans to add more features like staking, over-the-counter trading services as well as token issuance with initial exchange offering platform.

CZ says that Binance Cloud will allow users to launch an exchange within three to five days

Speaking about Binance Cloud in an interview with Cointelegraph, CZ outlined that the new service will particularly target people in regions that are not yet covered by Binance. CZ said that Binance Cloud will allow those people to run their own exchanges in local markets that are far from Binance “both fiscally and also culturally or just knowledge-wise” to date.

The Binance CEO also told Cointelegraph that Binance Cloud would allow any partner to launch an exchange within three to five days in case if “other preparations are in order.” According to the original announcement, the first major digital asset exchange fully powered by Binance Cloud will launch in early March 2020.

Binance Cloud comes in line with Binance's mission to unlock crypto for everyone

CZ also pointed out that Binance Cloud is the first initiative of its kind, claiming:

“Binance Cloud is a product suite previously missing from the market […] We are eager to share the quality experience of Binance through different brands, communities, and markets globally.”

Speaking to Cointelegraph, CZ was unsure of who had initially conceived the idea of Binance Cloud, beyond the fact that it was not him. The Binance CEO added that the origin of the idea is not as important as execution. CZ stressed that Binance Cloud aims to enable everyone to access crypto and contribute to global adoption. CZ said:

“We want to enable more of our partners to access crypto, so that other people can do this together with us in enabling people to access crypto. So the concept behind Binance Cloud is that we want to provide a platform where other people can help us enable access to crypto. So that's really the idea behind it.”

The news comes amid a recent report claiming that Binance has applied for a license to operate in Singapore. Originally based in Malta, Binance will now purportedly expand its regulatory compliance by acquiring a license from the Monetary Authority of Singapore.

On Feb. 16, Cointelegraph published an interview with CZ, in conjunction with the CEO winning the top position in the Cointelegraph's first-ever Top 100 list.

Original article posted on the CoinTelegraph.com site, by Helen Partz.

Article re-posted on Markethive by Jeffrey Sloe