Sunday, October 29, 2017

CryptoCurrency News: BTC to DLT: Why Aren't Banks Giving Blockchain Startups Accounts?

A recent report by the FCA recognized that cryptocurrency startups have a hard time getting bank accounts. CoinDesk's Noelle Acheson looks at why.

via CoinDesk

CryptoCurrency News: Politician Ron Paul: US Government Should 'Stay Out' of Bitcoin

Former U.S. Congressman Ron Paul said this week that he supports cryptocurrencies and blockchain technology.

via CoinDesk

$6,300 BTCUSD : Bitcoin Price Sets New ATH

The Bitcoin Price Index set a new record on Sunday, rising nearly $500 to top $6,300 for the first time in history.

Just over a week after pushing past the $6,000-mark for the first time, the world's first cryptocurrency rose to a high of $6,306.58 on the CoinDesk Bitcoin Price Index at 20:30 UTC today. The previous all-time high of $6,183 was set on October 21st and held for just eight days.

In setting the new high, the price of bitcoin is now up more than 500 percent on the year, having climbed from just below $1,000 on January 1st to the new high.

However, at press time, it remains unclear just how much appetite there is to extend bitcoin prices above this mark at the moment. Hours after the milestone, prices are down somewhat, trading at an average of $6,166 across a selection of global exchanges.

Still, analysts have remarked that the increase comes at a time when bitcoin has never been more visible in the public eye, with business leaders and investment luminaries now discussing bitcoin on an almost daily basis.

Among those who have recently weighed in on its value include billionaire investor Warren Buffett, Saudi Prince Al-Waleed bin Talal and PayPal co-founder Peter Thiel.

Data from Google Trends indicates searches for "bitcoin" and "bitcoin price" are also nearing all-time highs, suggesting this exposure is perhaps translating into new awareness and investment in the protocol, now valued at more than $100 billion, according to data from CoinMarketCap.

"We're seeing confidence in bitcoin growing steadily," cryptocurrency derivatives exchange trader Joseph Lee told CoinDesk. "It's great for adoption."

[FOREX NEWS] Is EUR/USD set to fall towards 1.15?

EUR/USD suffered a relatively dovish Draghi as well as speculation about a hawkish head of the Fed. Does the pair have more room to fall? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: Looking To Set Strategic Longs Near 1.15 On A Deeper Correction – SocGen Societe Generale Cross Asset Strategy [...]

The post Is EUR/USD set to fall towards 1.15? appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: The Basics on FACTS: A New Model for Compliant ICOs

Must ICOs choose between a non-compliant utility token or a complaint security token that doesn’t work in commerce? Jaron Lukasiewicz proposes a fix.

via CoinDesk

CryptoCurrency News: Worse Than Tulips? Enduring Misconceptions About Crypto Assets

The authors of a new book explain what mainstream financial pundits still don't grasp about this space – even if the markets are starting to get it.

via CoinDesk

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