New day, new price prediction. Frequently and quickly, analysts come and industrial observers are trying to predict where the Bitcoin price floor will be. According to Reuters, JP Morgan, who has never seen Bitcoin or his "brothers", predicts a $ 1,850 bottom if the bear market persists.
JP Morgan is one of the major financial institutions that are very skeptical of Bitcoin. This is no surprise, because their business model is to earn a large amount of money from other people's money. Decentralized currencies and peer-to-peer deals are a huge threat to them.
Bank analysts have added that cryptoactives would only get traction if they lost faith in traditional assets such as dollar, gold, and the global payment system. However, the USD 1 250 USD BTC forecast is courageous, with no real analytical data or technical indicators to support it. This report can therefore be considered as another FUD from the Wall Street bank monopoly. Read more here: https://www.newsbtc.com/2019/01/25/will-bitcoin-dump-to-1250-wall-street-bankers-think-so/
Huobi's profits last year reached less than half a billion USD
The popular Huabi cryptobus allegedly succeeded in overcoming the profits of Binance and OKEx in 2018. According to the Sporbiz report of the Korean media, Singapore's cryptobus Huobi managed to earn between 2018 and 483 million dollars. Due to the prevailing bear market throughout the year it is quite impressive.
According to CoinMarketCap, Huobi is currently the 7th largest cryptobus. Nevertheless, it managed to skip the first (Binance) and the second (OKEx). The stock had good hits throughout the year. Most notably, when the Huobi DM cryptoderivative platform was launched in December. According to a recent press release in less than two months, the platform has managed to gain more than $ 20 billion in trading. Read more here: https://www.livebitcoinnews.com/how-huobi-surpassed-all-crypto-exchanges-in-profit-483m/
Robinhood and LibertyX have acquired BitLicense for trading in New York
Last year, anonymous sources reported that Robinhood, which began trading with zero fees in February 2018, is dealing with a US bank license. He is now getting BitLicense from the Financial Controller (DFS) to operate in the US state of New York. Robinhood now has permission to trade with seven cryptomas including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC).
DFS has also been approved by BitLicense for LibertyX. Liberty is the first BitLicense company to enable Bitcoins to buy Bitcoin via debit cards from traditional ATMs. The company launched its first Bitcoin ATM in 2014. Today (as he says on his website) has thousands of places including debit kiosks and traditional ATMs that allow customers to buy Bitcoin. Read more here: https://cointelegraph.com/news/new-york-financial-regulator-grants-bitlicense-to-robinhood-and-libertyx
The number of companies in Switzerland and Liechtenstein is growing steadily
Although the cryptographic market has not shifted from the bearish trend, the number of companies in Switzerland and Liechtenstein is growing. This results from a survey carried out by the crypt-investment company CV VC.
The survey shows that the bear market in the crypt and blockchain space did not affect the number of blockchains of companies that are opening in Switzerland and Liechtenstein. CV VC informs that in December 2018 there were 750 companies in Switzerland and Liechtenstein using blockchain technology. This means that in 2018 there was an increase of 20 percent in these two countries, which represents 121 new companies. Read more here: https://bitcoinexchangeguide.com/blockchain-companies-in-switzerland-and-liechtenstein-keeps-growing-amid-bear-market/
The new "president" of Venezuela recognizes Bitcoin, not Petro
The US recognized the leader of the opposition Juan Guaidó as the leader of Venezuela. On January 23, 2019, he became the interim president of Venezuela. Guaidó recognizes cryptotechnology and promotes Bitcoin since 2014. Given the serious economic crisis that has been rolling over Venezuela for years, Bitcoin has been used as a safe haven and many Venezuelans have been able to escape hyperinflation.
In this regard, Guaidó spreads positive information about Bitcoine. For example, in August 2014, BitTorrent announced BitTorrent Sur Bitcoin platform via Twitter. This was the first stock exchange to allow the Venezuelan to buy Bitcoins using the local currency of Bolivar. Guaido also used the social media to criticize Petro. Petro is the digital name that President Nicolas Maduro established in February 2018 as a solution to the economic crisis. Petro-controlled government should be covered by Venezuelan oil and other mineral resources. Guaidó fought vigorously against Peter because he considered it a tool Madura's administration used to deceive the Venezuelan people. Read more here: https://bitcoinist.com/venezuela-guaido-president-bitcoin/
