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#TODAQ Joins Meyer Shank #Racing for 2020 #IMSA Season – SPONSOR: ThreeD Capital $IDK.ca #Toda $IP.ca $IPNFF $GMBL

Posted by AGORACOM-JC at 8:19 AM on Saturday, June 13th, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

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First sponsorship of its kind utilizing the TODA Note (‘TDN’), a digital payment and loyalty asset

Pataskala, Ohio (12 June 2020) – Although the IMSA WeatherTech SportsCar Championship season has been delayed due to the global COVID-19 pandemic, Meyer Shank Racing continues to work hard behind the scenes and is excited to welcome sovereignty tech pioneer TODAQ (‘TO-DA-Q’) onboard the No. 57 Heinricher Racing with Meyer Shank Racing entry. 

With the IMSA season set to restart on July 4th at Daytona International Speedway, the Meyer Shank Racing team is ready to get back to sports car action. Misha Goikhberg and Alvaro Parente are set to get back behind the wheel of the No. 57 Heinricher Racing with Meyer Shank Racing Acura NSX GT3 with an all new partner on board. 

TODAQ, the global fintech provider based out of Toronto, Seoul and Dubai, joins Meyer Shank Racing in a partnership that will be the first of its kind.  TODAQ is an efficient supplier of secure digital title, custody, and P2P transaction settlement solutions across the full lifecycle of high-value digital assets including commodities, currencies, auto, transport safety regulation, recycling and carbon.

Through its deeptech data and internet protocols named ‘TODA’ and ‘Adot’ – users of TODAQ’s solutions benefit from strong ownership of their own identity and assets, the ability to securely trade peer to peer, and absolute clarity on the ‘chain of title’ of everything they own.

“We’re really excited to have TODAQ come onboard for the 2020 IMSA season,” said co-owner Mike Shank. “Misha (Goikhberg) has worked hard to develop this partnership with TODAQ and MSR. It’s a truly innovative partnership deal that we’re excited to represent on track. It’s been five months since we raced at Daytona for the Rolex 24, so we’re eager to get back on track to restart the IMSA season.”

“We’re honored to support the Meyer Shank Racing team and this great championship series,” agreed Hassan Khan, CEO and co-founder of TODAQ. “From America to Asia, we’ve deliberately moved into the auto space from the commodities that form batteries and tires to supporting efficient and sustainable transport regulation at a national scale. For us, the Acura NSX, Misha (Goikhberg), Alvaro (Parente) and their support team is symbolic of all those elements coming together on the road.” 

The second round of the IMSA WeatherTech SportsCar Championship will head back to Daytona International Speedway for the WeatherTech 240 on July 4th.

Source: http://www.michaelshankracing.com/index.php/2020/06/12/todaq-joins-meyer-shank-racing-for-2020-imsa-season/

VIDEO: Bet on #Shroomz, #Esports, #AR, #Blockchain & #Gold with Warren Buffet of Canada – ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 8:38 PM on Wednesday, June 10th, 2020

ThreeD Capital Inc. (CSE:IDK) is a venture capital firm focused on opportunistic investments in companies in the Junior Resources, Artificial Intelligence and Blockchain sectors.  ThreeD seeks to invest in early stage, promising companies and ICOs where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s ecosystem.

Traditional Stock Market’s interest in #Cryptocurrency might expand the boundaries for the #Cryto Market SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 2:16 PM on Tuesday, January 28th, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

Traditional Stock Market’s interest in Cryptocurrency might expand the boundaries for the Cryto Market

By: Zaryab Afser

  • It’s a well-known fact that in order to survive longer, one must be completely aware of the rules as well as the latest trends of the jungle.
  • And one can never deny the fact, in these world of investment, cryptocurrencies are here to stay, really longer than one can think of.


It’s because of this fact that the senior market analyst at Etoro, Mati Greenspan “it’s finally happening that the institutions are finally realizing that cryptocurrencies are going to stay for yet too long and now they are actually looking for every possible way to seize the opportunities presented by crypto assets.” He also appreciates the recent JSE move and stated that this is actually the period where the adoption is gradually happening and the traditional stock exchanges are actually integrating with cryptocurrencies.

WHAT WAS THE MOVE BY JAMAICA STOCK EXCHANGE(JSE)?

3rd April witnessed a rare involvement of the traditional stock exchange when JSE came up with an announcement which stated that JSE will soon start a limited pilot to trade Bitcoin as well as Ethereum within the next few weeks.

Experts as well as traders, across the globe, firmly believe that this step will undoubtedly not only open the doors to cryptocurrency investment but also will end up expanding the boundaries for the crypto market. Moreover, the managing director of the JSE, Marlene, this initiative aims to create not only a safe but also efficient as well as a transparent regulatory framework for the trading of digital assets.

Since the world is witnessing a gradual shift towards the crypto market, JSE is not the only one to show interest in the cryptocurrency. The Nasdaq in the U.S. recently reported that it has listed BTC as well ETH indices, whereas XRP-based exchange-traded product has been listed by Switzerland’s main stock exchange, namely SIX.

Source: https://www.thecoinrepublic.com/2019/04/12/traditional-stock-markets-interest-in-cryptocurrency-might-expand-the-boundaries-for-the-cryto-market/

Nearly 80 #crypto projects supposedly backed by #gold SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 1:13 PM on Monday, January 27th, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

Nearly 80 crypto projects supposedly backed by gold

  • Cryptocurrency projects backed by gold continue to persist, with around 77 of them remaining active right now.
  • Numerous gold-backed coins were launched in the last few years, with the most recent one being Tether’s Tether Gold (XAUt) which saw launch last week.
  • With the popularity of gold on the rise, many speculate whether it might return as the future of money thanks to decentralized technologies.

By: Ali Raza

Everyone in the crypto community has heard Bitcoin’s alternative name of ‘digital gold.’ However, it is worth noting that there are nearly 80 other projects that are active right now, that are backed by actual physical gold.

More and more crypto projects continue to emerge with claims that their assets are backed by physical gold. According to recent data, there are around 77 active projects backed by gold right now, while around 30 others that claimed the same have failed.

Some examples of gold-backed projects that still around include Digixglobal’s DGX, Darico (DEC), the recently-announced Tether Gold (XAUt) Blockstock (BSO), GoldMint (MNTP), GramGold Coin (GGC), AurusGold (AWG), Cash Telex (CTLX), and many others.

Is gold the future of money?

Still, these projects only scratch the surface of the gold-backed altcoins in the crypto industry today, as many others were launched with the same idea in mind, some of which have even managed to fail already. As mentioned, around 30 such projects were launched over the years.

Despite this, many token developers are still not discouraged, and such coins continue to emerge, such as the coins launched by Coinshares, MKS, Blockchain.com, and Tether. Coinshares, headquartered in the UK, supposedly launched a coin backed by $20 million in gold.

Tether, the company behind the controversial stablecoin, USDT, also launched its own Tether Gold (XAUt) only last week, and it already got listed on Bitfinex on January 24th. According to the trading platform, XAUt owners enjoy the benefits of digital and physical assets alike.

The platform claims that this is a way for people to invest in gold without having to worry about issues like limited accessibility or storage costs.

However, some have already questioned projects like these, such as a known crypto supporter, John Paul Koning, who noted that these projects do not charge custody fees, but only redemption and trading fees. Koning wonders whether or not this is sustainable. Some have also questioned whether gold and not Bitcoin might be the future of money once more.

Attempts to pull it off were already made back in 1996 when they failed. Now, with decentralized technology that cryptocurrencies themselves utilize, gold might be getting another chance to take its old place as money in the e-gold form.

Source: https://invezz.com/news/cryptocurrency/nearly-80-crypto-projects-supposedly-backed-by-gold/

#Crypto Today: #Bitcoin breakout imminent SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:51 AM on Thursday, January 23rd, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

Crypto Today: Bitcoin breakout imminent

By: Ken Chigbo

Markets 

  • BTC/USD is currently trading at $8,650 (+0.40%) in the afternoon in U.S. hours, the range continues to tighten, ahead of next explosive breakout.  
  • ETH/USD is currently trading at $168.25 (+0.30%), there is a lack of committed direction for now following the big pump last week.  

XRP/USD is currently trading at $0.2360 (+1.30%), price action remains very much narrow. The range to the upside of $0.2500 to the downside $0.2300. 

Among the 100 most important cryptocurrencies, the best of the day are GNT $0.043133 (+28.95%), KMD $0.712816 (+15.49%) and SXP $1.72 (+11.27%) and The day’s losers are BCN $0.000272 (-12.50%), CENNZ $0.55991 (-11.49%) and BCD $0.588775 (-4.30%). 

Chart of the day: BCH/USD weekly chart (price action moving within a bullish pennant pattern) 

Market 

Vitalik Buterin believes that Ethereum Classic can be merged into Ethereum 2.0 in the same way as a new shard-like ETH’s current Proof of Work (PoW) chain will be integrated. 

Blockchain payments processor BitPay has added support for XRP, the world’s third-largest cryptocurrency by market capitalization. XRP has been integrated on BitPay’s platform via Ripple’s open developer platform, Xpring.  

Regulation 

The Organization for Economic Cooperation and Development (OECD), has created a Blockchain Expert Policy Advisory Board (BEPAB) to make it easier for governments and other stakeholders to tap the benefits of distributed ledger technology (DLT). BEPAB is made up of several heavy hitters in the blockchain space, including IBM, R3, and ConsenSys. 

Industry  

British telecom giant Vodafone has become the latest member to leave the Libra Association. 

The original consortium of 28 members supporting Facebook’s ambitious digital currency project has only left with 20 participants. 

Huobi Group has announced the launch of Huobi Brokerage, a digital asset brokerage platform, during the annual Davos forum. As the global blockchain company’s first brokerage solution, Huobi Brokerage will provide digital asset trading products and services to institutional clients and high-net-worth individuals (HNWIs). 

Binance has announced the launch of its Peer-to-Peer (P2P) Merchant Program. The P2P program will allow merchants to provide fiat currency payment solutions to people around the world and earn revenue, according to a blog post. 

The Blockchain Association has filed an amicus curiae brief in response to litigation against Telegram initiated by the United States Securities and Exchange Commission (SEC). 

The Blockchain Association, a collective of advocates involved with the blockchain industry, filed an amicus curiae brief with the court of the Southern District of New York on Jan. 21. 

According to a former executive from the Bank of Japan, who made a statement on Wednesday, major central banks started to set up study groups into crypto shortly after Facebook’s threat was made clear. 

Quote of the day 

The biggest barrier to Bitcoin adoption is the lack of understanding about what money is and how it works.

Jimmy Song

Source: https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-breakout-imminent-202001221927

#Square #Crypto Division Finally Releases Details of First #Bitcoin Product SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 11:21 AM on Wednesday, January 22nd, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

Square’s Crypto Division Finally Releases Details of First Bitcoin Product

By Nick Chong

  • Last year, Jack Dorsey — the chief executive of both Square and Twitter — began to openly shill Bitcoin in a number of public channels.
  • Naturally, his love for Bitcoin extended into his companies, with Square announcing a new division called Square Crypto in 2019.

For instance, on the Joe Rogan Podcast, he revealed that he thinks the cryptocurrency will become a native currency of the Internet, and during an official earnings call for his fintech company Square, he took some time to tout his love for Bitcoin.

Naturally, his love for Bitcoin extended into his companies, with Square announcing a new division called Square Crypto in 2019.

Dorsey’s premise was that someone told him the most important thing he could do for Bitcoin is to “make the broader crypto ecosystem better,” hence the creation of this new division to do “what’s best for the crypto community and individual economic empowerment.”

#BitcoinTwitter and #CryptoTwitter! Square is hiring 3-4 crypto engineers and 1 designer to work full-time on open source contributions to the bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in bitcoin! Introducing @SqCrypto. Why?

— jack  (@jack) March 20, 2019

Throughout the entire hiring process of this new division, the team photos, memes published on Square Crypto’s Twitter page, and even the grant-giving process, it wasn’t exactly clear what this team was working on.

The team leader, a former senior employee at Google, did mention products meant to improve the usability of Bitcoin as a day-to-day form of money but was slow to elucidate any ventures it was eyeing.

But today, we got our answer.

Square Crypto Unveils First Product, a Bitcoin Lightning Network Developer Kit

According to a Square Crypto blog post published Tuesday, the company has launched something called the Lightning Development Kit (LDK).

This is kind of like a traditional software development kit (SDK) but focused on the Lightning Network, a second-layer scaling solution that effectively migrates some transactions off the main chain to allow for lightning-fast, effectively free, and cross-chain transfers.

We’ve got the team. We’ve got the mission. We’ve got hit or miss tweets. And now it’s time to talk about what we’re building: Introducing the Lightning Development Kit, or LDK.  https://t.co/o73cJy7Cur

— Square Crypto (@sqcrypto) January 21, 2020

The LDK, the post indicates, will allow wallet developers to create “custom” integrations of the Network in an “easy, safe, and configurable way” through an API, demo apps, and other technical tools.

As to what exactly the LDK can be used for, at least from a top-down perspective, Square Crypto gave three examples:

1) Adding Lightning capabilities to existing bitcoin wallets — no need to create a separate wallet just for Lightning. 2) Supporting multi-device, multi-application access to a single wallet. 3) Allowing wallets to make UX/security/privacy tradeoffs such as external transaction signing and customizing their state backup to a cloud service.

Essentially, it should make the integration of the Lightning Network into existing or up-and-coming cryptocurrency software much easier than it is, and should, therefore, increase the adoption of the scaling solution with ample time.

It’s kind of like a shoehorn, but with the shoe being Bitcoin software and the foot being the Lightning Network…

Very Good Timing

The release of the LDK comes at a very good time, with the Lightning Network once again entering the minds of Bitcoin and cryptocurrency enthusiasts.

Per previous reports from Blockonomi, Bitcoin proponent Hodlonaut has started what is known as the Lightning Network Trust Chain for the second time.

Last time, this challenge, which sees individuals use the Lightning Network and large BTC transactions to create a link between Twitter accounts, gained much steam. Dorsey and LinkedIn and Microsoft board member Reid Hoffman participated in the Chain, amongst other prominent members of the community.

And as a result, the Lightning Network saw a flurry of growth, with the capacity of the Network nearly doubling in value during the time the chain was being formed.

With the arrival of the second Trust Chain and Square Crypto’s new Lightning Network kit, this Bitcoin scaling solution could see a micro-renaissance, so to say.

Source: https://blockonomi.com/squares-crypto-first-bitcoin-product/

#Bitcoin 2020 Rally; Financial Advisors Opening Clients’ Doors To #Crypto SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 10:45 AM on Tuesday, January 21st, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

Bitcoin’s 2020 Rally; Financial Advisors Opening Clients’ Doors To Crypto

Get Forbes’ top crypto and blockchain stories delivered to your inbox every week for the latest news on bitcoin, other major cryptocurrencies and enterprise blockchain adoption.

CRYPTO MARKETS

  • Bitcoin reached its highest level in more than two months this week, climbing to $8,848 on Tuesday. By Wednesday, the price had risen to $8,897.
  • The digital asset has been following a broad, upward trend all week, pushing higher after reaching a 2020 low of $6,852 on January 3.

Some market observers have cited hopes the cryptocurrency will enjoy greater adoption in 2020 when explaining these gains. Others have pointed to anticipation surrounding the upcoming halving, scheduled to take place in May, as another factor in bitcoin’s recent push higher.

Plus, why is bitcoin driving altcoins higher? The short answer: beta. Read more here

FINANCIAL ADVISORS CONSIDER CRYPTO

According to a new survey of more than 400 financial advisors conducted by cryptocurrency investment firms Bitwise and ETF Trends, 13% of advisors are now allocating crypto for their clients. That’s more than double the 6% of advisors that were allocating crypto in 2019. 

The number one factor driving that uptick? Crypto returns. Of the financial advisors polled, 54% cited that as the reason to allocate more investment dollars to digital currency. 

According to Bitwise managing director and head of research Matt Hougan, financial advisors are opening their clients’ doors to crypto by either acting in an advisory role—showing clients how to purchase crypto in a secure and safe environment—investing in the Grayscale Bitcoin Trust, which trades over-the-counter, or purchasing shares in private funds that provide access to cryptocurrency.

GRAYSCALE’S RECORD YEAR

Bitcoin and cryptocurrency asset manager Grayscale revealed inflows of $600 million in 2019, more than 2013 through 2018 combined, after its best quarter on record. $147 million of last year’s investments came from new clients—24% of the total.

“If the persistent question is ‘where are the institutional investors in crypto?’ the answer is that they’re here and showing up in a meaningful size,” Michael Sonnenshein, managing director at Grayscale, said on the sidelines of the Crypto Finance Conference in Switzerland.

“With 71% of assets raised in Grayscale products during 2019 coming from institutions, we now have empirical data that this is part of a longer term trend—one that we have no reason to believe won’t be sustained into 2020.”

Source: https://www.forbes.com/sites/cryptoconfidential/2020/01/21/bitcoins-2020-rally-financial-advisors-opening-clients-doors-to-crypto/#456e1283321e

The #Crypto Daily – Movers and Shakers SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:36 AM on Monday, January 20th, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

The Crypto Daily – Movers and Shakers

By: Bob Mason

  • A bullish start to the day saw Bitcoin rally to an early morning intraday high $9,169.5.
  • Bitcoin broke through the first major resistance level at $8,974.03 and second major resistance level at $9,056.47 before hitting reverse.

The reversal saw Bitcoin fall through the major support levels to a late morning intraday low $8,450.0.

Finding support in the 2nd half of the day, Bitcoin struck $8,750 levels late on before easing back.

Bitcoin broke back through the third major support level at $8,534.77 and the second major support level at $8,708.67 before easing back to sub-$8,700 levels.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, in spite of the gain for the week.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the majors.

Bitcoin Cash SV bucked the trend, rallying by 12.14%.

It was particularly bearish for the rest of the pack, with Tron’s TRX (-5.93%) and EOS (-4.82%), Litecoin (-4.48%), and Ethereum (-4.19%) leading the way down.

Binance Coin (-2.31%), Monero’s XMR (-2.91%), Ripple’s XRP (-2.98%), also struggled on the day.

Bitcoin Cash ACB and Stellar’s Lumen saw modest losses of 0.56% and 1.87% respectively.

While it was another mixed bag on Sunday, it was a bullish week for the crypto majors.

Bitcoin Cash SV led the way, rallying by 70.17%, with Bitcoin Cash ABC and Stellar’s Lumen up by 24.77% and by 22.77% respectively.

Whilst the rest of the majors saw more modest gains, it was double-digit gains across the board.

Through the current week, the crypto total market cap rallied from a Monday low $215.38 to a Sunday week high $250.2bn. At the time of writing, the total market cap stood at $238.72bn.

Bitcoin’s dominance held onto 66% levels following the bearish Sunday. Trading volumes continued to ease back from $177bn levels hit in the early part of the week. At the time of writing, 24-hr volumes stood at $123.19bn.

This Morning

At the time of writing, Bitcoin was up by just 0.03% to $8,701.4. A mixed start to the day saw Bitcoin rise from an early morning low $8,698.6 to a high $8,720.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was yet another mixed start to the day for the crypto top 10.

Bitcoin Cash ABC (+0.80%), Monero’s XMR (+0.18%), and Tron’s TRX (+0.55%) joined Bitcoin in the green.

It was a bearish start for the rest, with Bitcoin Cash SV falling by 1.76% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through to $8,780 levels to support a run at the first major resistance level at $9,095.47.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,000 levels.

Barring a broad-based extended crypto rally on the day, the first major resistance would likely limit any upside.

In the event of another breakout, Bitcoin could visit $9,200 levels before any pullback. We would expect Bitcoin to come up short of the second major resistance level at $9,492.23 on the day.

Failure to move through to $8,780 levels could see Bitcoin hit reverse.

A fall back through Sunday’s low $8,450.0 would bring the first major support level at $8,375.97 into play.

Barring another crypto meltdown, however, Bitcoin should steer clear of the second major support level at $8,053.23.

Source: https://finance.yahoo.com/news/crypto-daily-movers-shakers-20-003527989.html

Bitcoin Price Tests $9,000 As Altcoins Flourish: Friday #Crypto Market Watch SPONSOR: ThreeD Capital $IDK.ca $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:00 PM on Sunday, January 19th, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

Bitcoin Price Tests $9,000 As Altcoins Flourish: Friday Crypto Market Watch

  • 2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. 

Author: George Georgiev

2020 has so far been particularly positive for Bitcoin and the rest of the cryptocurrency market. Starting the year at around $7,100, BTC currently trades at almost $9,000, charting notable increases throughout the entire week. 

In the past 24 hours alone, Bitcoin gained another 3% to its value, increasing from around $8,650 to about $9,000 from where it retraced a bit and it currently trades at $8,900. 

BTC/USD. Source: TradingView

Bitcoin’s total market capitalization has increased to $162 billion. However, its dominance has sized down to 66.1%, meaning that altcoins have managed to recover and to claim new grounds. 

Indeed, looking at how other cryptocurrencies besides Bitcoin performed, it’s rather clear that they are flourishing. All of the projects from the top 20 are in the green, charting serious gains throughout the entire week. The past 24 hours are no exception. 

Bitcoin SV is once again one of the best-performing altcoins, increasing by 10% throughout the past 24 hours. Others who marked serious gains include Binance Coin (9.14%), EOS, (8.84%), Bitcoin Cash (7.8%), and so forth. 

Total Market Capitalization: $245B | Bitcoin Market Capitalization: 162B | BTC Dominance: 66.1%

Major Crypto Headlines

$3.2 Million ETH Stolen From UPbit Is Already Laundered: Report Claims. Following the hack of UPbit which took place in November 2019, it now becomes clear that $3.2 million from the stolen cryptocurrency has already been laundered. The report also claims that this happened by using small transactions in a lot of different exchanges. 

YouTube Crypto Purge Is Back: Popular YouTuber Davinci Reports He’d Been Blocked From Streaming. Despite issuing a formal apology and saying that the cryptocurrency purge has been a mistake, it appears that YouTube is taking a charge at content creators once again. Popular cryptocurrency YouTuber Davinci has said that his channel has been flagged and that he has been blocked from streaming. 

Craig Wright’s Defamation Case Against Hodlnaut Reportedly Dismissed By UK’s High Court. Self-proclaimed Satoshi Nakamoto, Craig Wright, has reportedly seen his defamation case against popular Twitter user Hodlnaut dismissed. The merit for the order is the is lack of jurisdiction but the case will supposedly continue in Norway.  

Significant Daily Gainers and Losers

Ethereum Classic (31.45%)

Ethereum Classic (ETC) is undoubtedly the most significant daily gainer throughout the past 24 hours, at the time of this writing. Up 31.45% so far, ETC stands at a price of $10 and a total market capitalization of about $1.1 billion. More interestingly, ETC saw a surge in its 24-hour trading volume which is now more than $3.2 billion. 

MonaCoin (24.72%)

MonaCoin is another altcoin that managed to impress in today’s trading session. It’s up about 24 percent in the past day alone, bringing its price to $1.22 at the time of this writing. MonaCoin now sits on a market cap of about $80 million and is the 61st largest cryptocurrency. In terms of 24-hour trading volume, MonaCoin stands at about $21 million. 

Swipe (-11.83%)

Unfortunately, not all altcoins managed to increase with the rest of the market. Swipe is down about 11.8% and its price reduced to $1.30. The cryptocurrency stands on a total market cap of about $79 million and saw a trading volume of $14 million in the past 24 hours.

Source: https://cryptopotato.com/bitcoin-price-tests-9000-as-altcoins-flourish-friday-crypto-market-watch/

SPONSOR: ThreeD Capital $IDK.ca – 75% Think #Bitcoin Will Double in Price This Year: Crypto Twitter Survey $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 4:58 PM on Thursday, January 16th, 2020

SPONSOR: ThreeD Capital Inc. (IDK:CSE) Led by legendary financier, Sheldon Inwentash, ThreeD is a Canadian-based venture capital firm that only invests in best of breed small-cap companies which are both defensible and mass scalable. More than just lip service, Inwentash has financed many of Canada’s biggest small-cap exits. Click Here For More Information.

75% Think Bitcoin Will Double in Price This Year: Crypto Twitter Survey

Author: Kiril Nikolaev

An economist ran a poll to check the pulse of the bitcoin market. An ultra bullish atmosphere may signal that a trend reversal is incoming

  • The bitcoin rally is making many crypto investors euphoric.
  • An economist ran a poll to check on the pulse of the BTC market.
  • An ultra bullish atmosphere may be a sign that a trend reversal is incoming.

Over the last couple of weeks, bitcoin has been slaying bears and disbelievers. On Tuesday, bitcoin printed a fresh 2020 high of $8,903.20. The crypto token’s renewed bullish vigor is driving many retail investors into euphoria.

One retail trader is already predicting that bitcoin will hit $20,000. | Source: Twitter

The ecstatic atmosphere probably drove Alex Kruger to measure community sentiment. The trader and economist ran a poll asking Crypto Twitter (CT) what they think would be BTC’s 2020 high.

Results reveal that CT is feeling ultra bullish. That’s bad news for bitcoin.

Nearly Half of Survey Participants Believe Bitcoin Would Breach $20,000 This Year

Kruger recently ran a poll that involved the responses of over 4,000 participants. Results show that 47.1% believe that bitcoin would trade above $20,000 this year. Close to 30% think the coin would settle between $14,000 and $19,999. The remaining 25% said the cryptocurrency will trade at $13,999 or lower.

Poll results may foreshadow massive capitulation. | Source: Twitter

The survey reveals that nearly 75% of participants believe that bitcoin will print gains of over 100% this year. Almost half see the cryptocurrency skyrocketing by over 180%. These are ultra bullish predictions even by bitcoin’s standards. The results tell me that it is wise to take a contrarian stance.

The Wisdom of the Crowd Is Rarely Correct

When it comes to investing, the wisdom of the herd is often wrong. This is especially true of bitcoin. The digital asset has a tendency to mislead the crowd and burn retail investors.

We saw this happen in the 2017 bull market. Many retail investors hopped on the bandwagon just as bitcoin was peaking around $20,000. Countless got wiped out as the cryptocurrency entered a vicious bear market.

This happened again in December 2018. At the time, bitcoin was trading at $3,000. Many capitulated as calls for a massive drop to $1,800 reverberated on social media. What did the cryptocurrency do? It left disbelievers with their jaws on the floor as it soared to a 2019 high of $14,000.

The Crypto Dog considering the possibility of a bitcoin drop just before the cryptocurrency skyrocketed. | Source: Twitter

These examples show that it’s prudent to look at the other side of the coin. Getting pulled by the herd is a bad trading strategy.

Source: https://www.ccn.com/survey-reveals-bitcoin-will-double-in-price-this-year/