GREY:VYGVQ - Post by User
Post by
Hallfieldon Feb 07, 2020 1:09pm
155 Views
Post# 30659068
Roundup
Roundup Hi Brent, Raise your hand if you’ve been obsessively opening the Voyager app, hoping to see Bitcoin tick over $10,000?
While our prayers haven’t been answered just yet, it’s been a big week for Bitcoin and the crypto market. On Wednesday, bulls swung into full gear as Bitcoin crossed its 200-day SMA. The last time this happened in 2019, Bitcoin saw a nearly 160% increase from $5,000 to over $13,000. A stream of positive headlines also helped catapult this week’s run. Thursday, Bakkt saw a huge rebound, with BTC Futures Open Interest reaching a new all-time high. News also broke that Jack Dorsey-backed Lightning Labs raised an additional $10 million to bring Bitcoin payments mainstream. Despite all of the positive signs for BTC, it has seen a steady decrease in its market dominance, hitting a 6-month low of 64.5%. The flip-flop leaves room for altcoins to run, and this week, they did just that. Icon (ICX) continued its month-long rally, ending the week up a staggering 64%. Tezos (XTZ), Omisego (OMG), Verge (XVG), Tron (TRX), and several other alts also saw double-digit gains.  On Thursday, a new bill was introduced by SEC Commissioner Hester Pierce that could make things even better for altcoins and emerging crypto projects. Peirce, who has been lovingly nicknamed “Crypto Mom,” unveiled her plans to offer crypto startups a three-year grace period from their first token sale to reach the adequate levels of decentralization necessary to pass the agency’s securities test.
If adopted, Pierce’s Safe Harbour plan would provide clear guidance for crypto startups and new token sales. The additional oversight and regulatory support would likely bring a new wave of token projects to the market. Bitcoin is showing strength leading up to the halvening, which is now less than 100 days away, but to the surprise of many, new life is being breathed into the altcoin market. Now, with over $1-Billion staked in DeFi and the SEC’s new bill, we may be at the beginning of a new era for crypto projects and tokens. The ecosystem has matured through the bear market, and many projects are ready to reveal their progress.
Buckle up, kids. Things are about to get interesting! Valentine's Day is right around the corner! Help us spread the love (of Bitcoin) & invite your friends to start trading with Voyager. We'll give you and every friend you refer $25 in BTC when they deposit and trade $100+. Plus, a $50 bonus if you get 3+ friends on board! Download now. ICE CEO: New Acquisition Opens Trillion-Dollar Market for Bakkt Bakkt’s acquisition of a loyalty rewards company will “expand Bakkt’s presence across an asset class that today spans over $1 trillion in value,” its parent company’s CEO said Thursday. Tron Founder Justin Sun Finally Met With Warren Buffett for Charity Lunch Tron founder and CEO Justin Sun has finally had his charity lunch with Berkshire Hathaway chairman and famous billionaire Warren Buffett after a series of delays last year. What Crypto Mom’s ‘Safe Harbor’ Proposal Means for Your Startup’s ICO SEC Commissioner Hester Peirce today "formally proposed a safe harbor" for cryptocurrency projects that would allow developers three years before being subject to existing securities regulations, according to a report from industry publication CoinDesk. How Blockchain is Being Used to Track the Coronavirus Acoer's visualization tool for tracking the coronavirus uses Hedera Hashgraph to ensure the integrity of its data. |