Thursday, September 27, 2018
@CNNMoney: Are cryptocurrencies about to make a comeback? Bitcoin bull @Novogratz explains why he expects crypto prices to rally in the fourth quarter despite recent turmoil https://t.co/agzrCJr0hK https://t.co/KIc5CTtCri
Utrum Explains Atomic Swap
It’s quite simple: an Atomic Swap is a trade of one cryptocurrency directly for another, between the two parties wallets..without the use of any intermediary party, token, or exchange.
For example, let’s say Bob wants Bitcoin in exchange for his Litecoin. Sally has Bitcoin and wants to buy some Litecoin. And let’s assume these two don’t know each other so this is a trust-less relationship…and for all intents and purposes, anonymous.
When Bob and Sally perform an Atomic Swap, they each receive their desired token at an agreed upon price, directly between their wallets. The end result: Bob sends Sally Litecoin and receives Bitcoin in his Bitcoin wallet. Sally receives Bob’s Litecoin direct from his LTC wallet into her LTC wallet.
https://medium.com/@EthAdvisor/atomic-swaps-etomic-swaps-explained-in-plain-english-4c3936c7adb8
Bitcoin Private live price, charts, market cap and latest news
Bitcoin Cash Price Notes Solid Gains but Is It a Pump?
The cryptocurrency markets have seen some very interesting momentum today. A lot of markets are on the rise over the past 24 hours, with Bitcoin Cash showing some much-needed life. It is evident the Bitcoin Cash price still remains relevant, although there is still plenty of opposition for BCH on social media.
https://i.redd.it/21na4vdluqo11.png
Bitcoin Cash Price Pump Intensifies
bitseven.com - It has been relatively quiet on the Bitcoin Cash price front over the past few weeks. The only notable event taking place has been the BCH network stress test. Despite yielding some very positive results in the end, there was no price action to speak of. Today is a very different day in this regard, as the Bitcoin Cash price is on the rise in rather spectacular fashion.
With a near 20% in USD value and a near 17% gain over Bitcoin, the Bitcoin Cash market sees a lot of trading activity. Even though the trading volume seems on the low side – just $713m despite this hefty increase – there is no real reason to expect nay steep correction just yet. That is when not looking at the various posts on social media which seem to convey how this price increase is a pump more than anything else.
Prior to looking at the technical analysis sentiment surrounding Bitcoin Cash, there is an interesting update from the Gemini exchange. Gemini is adding Litecoin on mid-October of this year. The exchange has also received regulatory approval to list Bitcoin Cash, although no specific plan of action has been unveiled in this regard. That seems to indicate this listing may be imminent, although it will probably not happen prior to Litecoin getting added
On the technical analysis front. DayLait is clearly not a fan of Bitcoin Cash. In fact, his short-term analysis shows BCH may have failed to break some key levels, which will result in a massive retrace over the coming hours. In most cases, a correction will occur after such steep gains, though nothing has been set in stone just yet. It will be interesting to see how the Bitcoin Cash price evolves in the next few days.
Based on the current cryptocurrency market conditions, it wouldn’t be impossible for the Bitcoin Cash price to surpass the $525 level. For the time being, it seems remaining above $500 will be the first order of business, prior to looking for even steeper gains. A correction is all but unavoidable at this stage, although the intensity of the profit-taking has yet to be determined.
Bitcoin (BTC) Price Analysis – 27 September 2018
Swiss Startup Raises $103 Million to Launch Cryptocurrency Bank
Switzerland-based startup SEBA Crypto AG has raised 100 million Swiss francs ($103 million) to set up a bank offering cryptocurrency-related services, Reuters reported September 26.
https://i.redd.it/ub19ebgbqqo11.png
bitseven.com - SEBA is reportedly headed by former UBS bankers — Guido Buehler as chief executive and Andreas Amschwand as chairman — and plans to apply for a banking and securities dealer license from Swiss financial market regulator FINMA. A license would allow the firm to conduct crypto trading and investments business for other banks and qualified investors.
Buehler told Reuters that SEBA aims to become a bridge between traditional banking and the cryptocurrency industry. The startup also intends to provide corporate financing, including consultations on Initial Coin Offerings (ICOs) and other digital asset-related services to corporate clients. Amschwand commented on the project:
“In Switzerland we have commitment from various authorities to establish a comprehensive regulatory environment for the development of blockchain technology and the sustainable, stable growth of crypto assets.”
SEBA is purportedly planning to expand its operations into major financial hubs, starting with Zurich in 2019. Investors who financed SEBA include such firms as BlackRiver Asset Management and Hong Kong-based Summer Capital, along with other parties from Switzerland, Singapore, Malaysia, China and Hong Kong.
Earlier this month, the Swiss Bankers Association (SBA) issued basic guidelines for banks working with blockchain startups in order to prevent a mass crypto exodus from Switzerland due to regulatory arbitrage.
Per the scheme provided by SBA, blockchain firms without Initial Coin Offerings (ICOs) should be treated like other small- and medium-sized companies. Firms with ICOs must follow strict rules and fall under the purview of Swiss anti-money laundering (AML) and know-your-customer (KYC) laws.
In August, the Maerki Baumann private bank began accepting crypto assets from payment received for services rendered, as well as those earned from crypto mining. Maerki Baumann noted that they are not ready to provide direct cryptocurrency investments, but will provide “experts” to clients interested in crypto investing.
In June, Hypothekarbank Lenzburg became the first bank in Switzerland to provide business accounts to blockchain and crypto-related fintech companies. However, the bank is reportedly very selective in accepting new customers, and as of June had taken on only two companies from the crypto industry.
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