Genesis Trading CEO Says Bitcoin Could Fall 30%, Plus Ripple and XRP, EOS, Litecoin, Cardano, NEO, Monero: Crypto News Flash

From the search for a Bitcoin bottom to the crypto equivalent of Cyber Monday, here’s a look at some of the stories breaking in the world of blockchain.

Bitcoin

The CEO of Genesis Trading says he believes Bitcoin could drop another 30% until it finds a bottom.

In a new interview on CNBC, Michael Moro says he doesn’t believe Bitcoin’s price in the short term matters to institutional investors.

“This is about the fifth or sixth 75 percent-plus drawdown that we’ve seen in the 10-year history of Bitcoin. And so if you have that [long-term] lens, I don’t believe institutional investors really ultimately care where the price of Bitcoin ends in 2018 simply because they’re looking at things three to five years out.”

Black Friday and Cyber Monday have become traditions in the world of retail. Now, crypto shoppers can join in on the first-ever Crypto Sunday on November 25th.

It’s for all kinds of retailers who want to offer great deals for cryptocurrency. Crypto leaders Coinmama, Ledger, LocalBitcoins, eToro, Coinbase and CEX.io are collaborating with big mainstream brands on the retail side. Shoppers will be able to find deals and spend their crypto at Microsoft, Expedia, OKCupid, Rakutan, Travelbybit and dozens of other merchants.

The list of supported coins includes Bitcoin, XRP, Ethereum, Bitcoin Cash, EOS, Litecoin, Ethereum Classic, Cardano, Dash, Monero and NEO.

Ripple

A new interview with Ripple’s chief market strategist Cory Johnson is online, thanks to Twitter’s Steven Diep.

-Bitcoin has some real technological limitations
-The digital asset that show fundamental use cases will develop a fundamental value
-XRP is being used more than Bitcoin being used as of today

Cory Johnson, Ripple
Nov18#XRP #XRPthestandard pic.twitter.com/hmpqXNFTtT

— Bull Diep (@DiepSanh) November 23, 2018

Monero

Edge has just added support for Monero bulletproofs, which enables fast, cheap transactions. The latest version 1.4.3 of Edge Wallet is now available on iOS and Android.

Fast, cheap @monero transactions? We can do that. https://t.co/Q7LJg0G1HU

— Edge (@EdgeWallet) November 23, 2018

Ethereum

From leading Ethereum-based software studio ConsenSys comes the ideal dinner party tale for the crypto and blockchain enthusiast.

 

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