Can Facebook’s Libra Be Used For Illicit Transactions? |

14m
cryptonewmedia

Fundstrat: Bakkt’s Launch Expected by Late Q3, Could Be ‘Huge Accelerator for Market Growth’

20m
cryptoglobe

Why Is A VPN Absolutely Necessary For You?

21m
bitcoinwarrior

Bitcoin’s Bull Run in 2015-2017 is Very Similar to What We’re Seeing Now, Analyst Opines

34m
zycrypto

Week of Crypto-Regulations: Governments in the US, China and India Take Heed

1h
coingape

Financial Analyst: Bitcoin Futures Are A Great Buy At $8,500

1h
bitcoinist

Despite Being “For Everyone,” Those Banned from Facebook Likely Can’t Use Libra

1h
beincrypto

Bitcoin Price (BTC) Signaling Bullish Continuation To $11K

1h
cryptonewmedia

Can Facebook’s Libra Be Used For Illicit Transactions?

1h
bitcoinwarrior

NYDAX: Seeking to Disrupt Wall Street and Pave the Way to Digitized Securities

2h
bitcoinwarrior

CGC Kyiv 2019, the largest blockchain gaming conference announced on Oct 10-11 – 1500 delegates from 50 countries, 100 speakers, VR, AR, hackathon

2h
block

Blockchain Life 2019

2h
block

The Future of Automation in UX and Design System Ecosystems with Jiří Třečák (Supernova) at TCE2019 Prague

2h
block

Bitso Get License to Operate XRP-based xRapid Transactions in Mexico

2h
thebitcoinnews

This Week in Cryptocurrency: July 19th, 2019

2h
thebitcoinnews

Zcash Forks Into New Blockchain Network Ycash

2h
thebitcoinnews

550 Bitcoins Locked in Ethereum-based Tokens Called WBTC

2h
thebitcoinnews

Libra Does Not Qualify as a Crypto, the World Doesn’t Need it: BlackRock CEO

2h
thebitcoinnews

Hayek’s 1984: Rediscovered Footage Shows Austrian Economist Predicting Bitcoin

2h
thebitcoinnews

7 Unorthodox Ways to Mine Bitcoin

2h
thebitcoinnews

Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development

2h
thebitcoinnews

Bitcoin and Cryptocurrency Not Banned in India, Government Official Confirms

3h
coingape

Ex-Microsoft Engineer Charged with Mail Fraud After Stealing Millions in Digital Currency

4h
beincrypto

Interview: Ethereum development suite Truffle CEO on the future of dApps, regulation, and Libra

4h
cryptoslate

Sally Ho’s Technical Analysis 20 July 2019

5h
cryptonewmedia


Bitcoin’s [BTC] pump is due to ‘credentializing’ of crypto by the likes of Microsoft and Facebook, claims Mike Novogratz |

Much of the cryptocurrency community was excited and confused in equal measure after Bitcoin [BTC] crossed the $8000 mark. The majority of the community could not put their head around a reason for this consistent pump, with many analysts and traders stating that there were no fundamental factors affecting the market at the moment.

However, Mike Novogratz, CEO of Galaxy Digital Holdings, pointed out a few developments that might have had a hand in the current valuation spike.

Speaking to CNBC, Novogratz cited Microsoft’s big announcement where they mentioned the initiation of an identity solution on top of the Bitcoin blockchain. Further, Facebook also recently entered the picture after it announced the removal of the ban on cryptocurrency and blockchain-related ads.

These were two of the biggest companies “credentializing” the validity of blockchain and crypto in the market, which inadvertently had an effect on the prices of Bitcoin [BTC].

He added that the initial boom of 2016-2017 was 98 percent based around retail-driven investments, but in the current price hike, some major institutions were prominent as many had started to buy crypto.

One of the other speculated reasons behind Bitcoin’s [BTC] surge was the fact that the market had been tolerant of negative news. The Tether-Bitfinex fiasco hardly affected the price of Bitcoin [BTC], while it still continued to consolidate higher, without any major pullback.

The post Bitcoin’s [BTC] pump is due to ‘credentializing’ of crypto by the likes of Microsoft and Facebook, claims Mike Novogratz appeared first on AMBCrypto.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments