Crypto News 

UK Will Lead in Crypto-Blockchain Space: Report

“BOE Governor Mark Carney criticized bitcoin and other digital currencies, saying bitcoin has failed as a viable currency and as a store of value” writes Nathan Reiff for investopedia.com. DAG Global CEO Sean Kiernan believes that the traditional financial world of the U.K. is primed to integrate with the digital currency space.He suggests that “the U.K. is a major global financial hub and in recent years has become a fintech leader as well.In order for the study above to come to pass, regulators’ opinions on digital currencies will likely have…

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Crypto News Reviews 

Bitcoin News Digest Thursday, July 19, 2018

Bitcoin Is Up 30% From Its Recent Low. What Lies Next? Has Bitcoin finally broken free of its bearish trend?   The Narrative Of The Price Of Bitcoin Bitcoin has been in a bear market since December, but now the bulls and bears are squeezing the bear trend into an increasingly tight range, as the trends of the peaks and troughs converge.   A staunch bitcoin bear says this recent surge might have legs Bitcoin is showing signs of life after falling for months. A longtime bitcoin bear, Boris Schlossberg…

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Crypto News 

Positive ‘price drift’ suggests bitcoin has room to move higher

“Often in the past, sharp moves higher in the price of the No. 1 digital currency have been followed by pullbacks, or at the least, consolidation” writes Aaron Hankin for marketwatch.com. This time, bitcoin has recorded five consecutive winning days and the “price drift,” when an asset drifts in the same direction after a sharp move, suggests there’s more to come for world’s biggest digital currency, analysts say. “All in all, we believe that when we see signs of price drift that it indicates that the current price may not…

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Crypto News 

Bitcoin Price to Reach $40,000, According to Billionaire…

“According to billionaire Marc Lasry, Bitcoin price will reach $40,000 where mainstream adoption and improved trading usability will be the main catalysts” reports livebitcoinnews.com. Do you agree with Lasry on his Bitcoin price prediction?. Bitcoin price surged July 17th, breaking the 50-day moving average swiftly and breaching key resistance levels.Lasry, the co-founder and CEO of asset management company Avenue Capital, told CNBC’s Squawk Box that the price of the first and foremost cryptocurrency could reach $40,000. Source: livebitcoinnews.com Share This:

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Crypto News Regulators 

Fed’s Powell says cryptocurrencies have no intrinsic value

“Federal Reserve Chairman Jerome Powell said Wednesday that digital currencies, like bitcoin, have “no intrinsic value” and are only good if you are trying to hide or launder money” writes Aaron Hankin for marketwatch.com. Speaking in front of the House Financial Services Committee, Powell said that oversight of the digital currency market was not the role of the Fed but more a “consumer protection issue.”.  Source: marketwatch.com Share This:

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Crypto News 

Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade

“The price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday” writes Griffin Cnbc for cnbc.com. However, the price of bitcoin spiked Tuesday, with pundits saying the jump had more to do with technical levels than any other catalyst. Source: cnbc.com Share This:

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Crypto News Reviews 

Bitcoin News Digest Wednesday, July 18, 2018

Hedge fund manager Marc Larsy says bitcoin $40K is possible Bitcoin is back. After months in the doldrums, the No. 1 digital currency surged higher Tuesday and has continued to climb in Wednesday trading as investors jump back on the bandwagon.   Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade Lasry’s day job is running the distressed debt investment firm that he helped start, Avenue Capital Group, which has about $9.6 billion in assets under management.   Bitcoin’s mad 10%…

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Crypto Markets News 

Hedge fund manager Marc Larsy says bitcoin $40K is possible

“After months in the doldrums, the No. 1 digital currency surged higher Tuesday and has continued its run Wednesday” writes Aaron Hankin for marketwatch.com. When asked for a price prediction, Larsy said bitcoin could reach somewhere between $20,000 and $40,000.The price of a single bitcoin BTCUSD, +1.32%  last changed hands at $7,450.10 on Wednesday, up 1.9% since Tuesday’s price at 5 p.m. on crypto exchange Kraken.However, after Tuesday’s surge, which saw the world’s biggest digital currency climb more than 10%, volume more than doubled Saturday’s number and reached the highest…

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Crypto Markets News 

Bitcoin may be down 45% this year, but money is pouring into one crypto fund manager at the fastest clip in its history

“But for one crypto investor, this bearish backdrop has been coupled with a spike in investor interest” writes Frank Chaparro for businessinsider.com. Grayscale, which manages $2 billion in assets, runs a number of crypto funds including its Bitcoin Investment Trust as well as one for XRP, bitcoin cash, and ethereum.At the same time, over 300 crypto funds have launched to invest in digital assets, according to a report by Autonomous NEXT released this week.Bitcoin is trading down more than 45% since the beginning of the year, and the market for…

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