BitMEX CEO Predicts Crypto Deep Freeze, Plus Ripple and XRP, Bitcoin, Tron, VeChain, Ethereum, EOS, IOTA: Crypto News Alert
From a new prediction on how long the Bitcoin bear market will last to a wild moonshot on Ethereum, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin
The CEO of crypto exchange BitMEX says the current Bitcoin and crypto bear market could last another 18 months.
In a new interview, Arthur Hayes told Yahoo Finance UK,
“My view is the volatility environment that exists right now could persist for another 12 to 18 months – the flatness.
I’m just basing it off my previous experience. I started in Bitcoin in 2013 when the price went from $250 to $1,300 and then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed – very, very difficult to make money…
We think trading volumes could fall further from where they are now.”
On the other end of the spectrum, the head of research at Fundstrat Tom Lee recently said he believes Bitcoin could still breakout this year.
Meanwhile, Galaxy Digital’s Mike Novogratz predicts institutional investors will trigger a Bitcoin turnaround in the first quarter of next year.
Ripple
A new interview from the Money20/20 conference in Las Vegas features Ripple co-founder Chris Larsen.
Larsen talks about the regulation of digital assets and blockchain’s role in transforming how people and businesses move value.
One of the biggest financial derivatives dealers in the UK has listed XRP, Bitcoin Cash and Litecoin.
According to a press release,
“CMC Markets, a leading global provider of online trading, has today expanded its cryptocurrency spread betting and contracts for difference (CFDs) offering to include three additional coins: Bitcoin Cash, Litecoin and Ripple. Clients can now take a position on the three altcoins paired against the US dollar.”
Ethereum
The Ethereum development studio ConsenSys just bought the asteroid mining company Planetary Resources.
One of the company’s primary missions is to “identify and unlock the critical water resources necessary for human expansion in space.”
The company’s general counsel Brian Israel says, “Ethereum smart contract functionality is a natural solution for private-ordering and commerce in space – the only domain of human activity not ordered around territorial sovereignty – in which a diverse range of actors from a growing number of countries must coordinate and transact.”
EOS
State of the DApps just released a progress report on the latest decentralized apps on the EOS network.
From gaming to social media to exchanges, there are now more than 100 DApps live on EOS.
IOTA
IOTA says it’s collaborating with the car API development company High Mobility.
The company creates software tools that connect cars to the outside world, and will explore ways it can integrate IOTA’s distributed ledger technology into its platform.
Tron
Tron is partnering with JOYSO to create a decentralized exchange on the Tron network.
According to a new post on Medium, in a “recent collaboration with TRON, JOYSO will be building the exchange with off-chain matching, on-chain settlement where users can trade any token directly via their digital wallets.”
VeChain
The blockchain gambling platform Decent.bet just launched on the VeChain network.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.
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