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The volume of the three major currencies has reached a new high, and hundreds of altcoins have skyrocketed

In the past few days, the cryptocurrency has risen sharply. Bitcoin has repeatedly broken through the two barriers of 7,000 US dollars and 8,000 US dollars. It once reached 8300 US dollars, and this year, the increase rate exceeded 110%.
As the market soars, the trading volume of trading currencies also rises.

The Odaily Planet Daily found that the overall market trading volume of bitcoin and digital currency has reached record highs. On May 16, the total daily trading volume of the cryptocurrency market hit a new high again, reaching 106.9 billion US dollars. These days’ data have broken through the previous historical highs. On January 5, 2018, the total daily trading volume of the cryptocurrency market reached 70 billion US dollars, a record high.
Among them, BTC, ETH, LTC transaction volume growth is particularly obvious. The Odaily Planet Daily found that among the top 10 currencies of the current market value, the single-day trading volume of BTC, ETH and LTC all broke the historical high.

On May 14, BTC reached US$34.9 billion. Today’s (16th) trading volume was approximately US$32.5 billion, after a record high of US$23.5 billion on January 6, 2018. On May 16, 2019, the ETH transaction volume reached $15.1 billion, exceeding the historical maximum of $9.797 billion on January 11, 2018.
Mainstream currencies are active and trading volume is high

The top ten currencies in the market capitalization, BTC, ETH, LTC trading volume is particularly prominent. As for other cryptocurrencies, such as XRP, the recent trading volume has not broken through the historical high.

Market participants generally believe that an important reason for the increase in trading volume is the increase in market incremental funds, which has led to active market transactions.

“In recent months, it has been a record high. This means that there is a lot of money running into the market.” OKex analysts believe that the main reason for the collective rise in digital currencies came from the rebound of low prices in the previous period before May. After May, due to changes in the global economic situation, the main driving force came from the risk aversion purpose of funds. In the cold winter of the market early this year, the price of many digital currencies has been lower than the average price before the winter. Driven by good news such as IBM, Facebook and other large companies announced to enter the digital currency field, the platform currency rose at the beginning of the year, the market gradually got rid of the pessimism in the bear market some time ago, so the price of digital currency ushered in rising.

Digital currency brokerage 1Token senior analysts believe that BTC is favored for three reasons: First, Bitcoin will be halved again in May next year, according to historical experience, each halving will open a round of halving; second is Institutional investors are running into the market this year. For example, grayscale investment company grayScale Investments, its bitcoin investment trust, hit a new high of $140 million in the year on 5.13, including CME bitcoin futures and Grayscle are strictly regulated. The common investment tools of institutional investors; the third is the impact of trade wars, active funds need to find a way out or hedge, Bitcoin bears part of this function.

The future analysts of the blockchain asset management platform said that the increase in trading volume was mainly caused by quantitative institutions and market makers. He explained that early quantitative institutions and market makers frequently traded in the recent market, causing the total volume of transactions to continue to rise.
The cryptocurrency analyst “No. 7 trader” said, “The skyrocketing market has attracted large funds to enter the market. The entry of large funds has adversely affected the market’s further rise. The market has become dominated by stock funds.

The reason for the surge in LTC transactions, “Seventh Trader” believes that the main reason is that LTC is about to be halved in August this year. The halving of block rewards will lead to an increase in mining costs and a halving of production, which will significantly support the price of Litecoin and its intrinsic value. “LTC is a main line of the first half of the market, halving the market with ‘big pie’ (BTC) to get rid of the $3,000-4,000 area.”

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How to use Coinbase?

Coinbase was Founded in June of 2012, Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin. We’re based in San Francisco, California. Bitcoin is the world’s most widely used alternative currency with a total market cap of approximately $3.5 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world.

Coinbase is the world’s most popular way to buy, sell, and use bitcoin. Create a bitcoin wallet where you can securely store bitcoin. Connect your bank account so that you can exchange bitcoin into and out of your local currency. Buy your first bitcoin to begin using the future of money.

Coinbase has three core products: an exchange for trading bitcoin and fiat currency, a wallet for bitcoin storage and transactions, and an API for developers and merchants to build applications and accept bitcoin payments. The company offers buy/sell trading functionality in 25 countries, while the wallet is available in 190 countries worldwide. The exchange can be funded through a bank transfer or wire, and trades on the exchange have a maker/taker price model in which traders pay either a 0.25% fee (taker) or nothing (maker) to execute trades.With Coinbase, bank transfer transactions can take up to 5 business days and may come in increments. Coinbase is limited on amount that can be bought dependent on level of verification.

 If you are gambling, sports betting, casino, poker ect then do not use coinbase. They prevent the the withdrawal to known bitcoin addresses associated witth such sites. Perhaps they have legal reasons which we can understand, however this action is against the concept of bitcoin, where you have freedom of speech in regards to transactions.

Coinbase is the most well known exchange in the USA. It is clear
who owns the exchange and they are in compliance of current regulations.
Recently they attracted some really big investors. Coinbase is easy
to use for turning fiat (dollar$) into bitcoin. Coinbase is not really
built for day trading.

Ease of use
Coinbase is easy to use and the verification process is straight forward

Security
There have been no major security breeches and they have paid large
bounties for people that found security issues. There is a unconfirmed story going around about an email database that was stolen, but this is still unconfirmed.

Trust
Coinbase is solvent, they have big investors and don’t look like they are in any danger of going bankrupt. The exchange is a US based company and they are in compliance
of all current regulations.

Anonymous
No, you have to verify your account

Day Trading
Coinbase is not set up for day trading

Altcoins
You wont find Litecoin or any other altcoins here.

Ease of use: A+
Security: A+
Trust: A+
Anonymous: No
Day Trading: C

 

The Article Copy from http://www.payinghyiponline.com/coinbase.html

 

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Aussie Banks Still Cold to Cryptocurrency Businesses Despite Regulation

The Commonwealth Bank of Australia (CBA), Australia’s largest bank, however, revised its policies 14 months ago to prohibit virtual currency purchases via credit card. Despite this, a Commonwealth Bank spokesperson stated that “customers are still able to buy and sell cryptocurrencies using their CBA transaction accounts and debit cards.” CBA subsidiary Bankwest shares the same policies.

Few Banking Options Available to Australian Cryptocurrency Businesses

News.Bitcoin.com was unable to find an Australian financial institution that expressed a willingness to bank cryptocurrency businesses.

Of the major banks, while CBA and Westpac declined to comment on the matter, an ANZ spokesperson indicated that the company’s policy “is to not bank businesses that operate as issuers, dealers or exchanges of digital or crypto-currency as they are outside of our risk appetite.” A spokesperson for regional bank Suncorp also indicated that the company does not provide “services to cryptocurrency businesses.”

The country’s credit union also appears to hold policies that are cold to cryptocurrency businesses, with a Newcastle Permanent spokesperson indicating that the entity does not partner with crypto companies, nor does it permit cryptocurrency purchases using its credit cards.

https://news.bitcoin.com/aussie-banks-cold-cryptocurrency-businesses/

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Indian Supreme Court Confirms New Date for Crypto Case

During the hearing on Friday, India’s supreme court was expected to hear about the country’s crypto regulation from the government as well as address the petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI). However, the courtadjourned without much progress on either matter.

News.Bitcoin.com talked to lawyer Jaideep Reddy on Tuesday who was at the hearing about what actually happened. He represents the Internet and Mobile Association of India (IAMAI), on behalf of Nishith Desai Associates, in its writ petition against the RBI ban.

Indian Supreme Court Confirms New Date for Crypto Case

“The matter started with a counsel for the respondents asking for a passover of the matter (i.e., for the matter to be heard at the end of the list for the day). However, the Bench stated that the matter should be heard and that a passover would not be entertained,” Reddy explained. “The respondents are both the government and the RBI, among others,” he clarified. Regarding the banking restriction, he detailed:

Mr. Gopal Subramanium, Senior Advocate for IAMAI, stated to the Bench that this is a matter of high importance and should be heard at length. The counsel for the respondents then asked for the matter to be heard on a non-miscellaneous day … The Bench accepted this request and has now ordered that the matter be heard on July 23, which is after the court’s summer vacation.

Reddy also noted that “Mondays and Fridays are ‘miscellaneous’ days of the supreme court and the present matter is considered to be of a ‘non-miscellaneous’ nature.” The recently released court order from Friday’s hearing confirms the new date. “Upon hearing the counsel the court made the following order … List the matter on 23rd July, 2019,” the order shows.

 

https://news.bitcoin.com/indian-supreme-court-new-date-crypto-case/

 

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Indian Bitcoin Users in the Dark Over Their Tax Liabilities

Fake Invoices

Under the ongoing ban, cryptocurrency users cannot enter the Indian fiat system. Banks in both public and private sector adhere to the guidelines set by the RBI, which means that their account holders have to follow the same rules indirectly. So if a user, say, sells a bitcoin token in an over the counter trade and receives Indian Rupees in return, he/she violates the RBI’s crypto banking ban. Generally, most of these traders are cash-settled, which leaves no means for RBI to detect their presence. However, traders using internet banking conceal such trades using fake invoices.

On the promise of anonymity, the owner of a New Delhi-based over-the-counter cryptocurrency exchange told NewsBTC that they were conducting $4,000 worth of crypto-trades every day.

“Many a time, we have to create fake invoices for crypto transactions exceeding Rs 49,000 (~$711),” she said. “Generally, we make it look like IT support services.”

The owner explained that they were forced to take these measures because of the lack of cryptocurrency regulations, adding:

“I and my cousins were investing in bitcoin since 2015. We could not just dump everything following the RBI ban. We are ready to declare our assets and pay taxes if they create a law. But so far, they have not given any indication towards that direction.”

It is worth noticing that, in February last year, India’s Central Board of Direct Taxes, issued 100,000 tax notices to cryptocurrency traders and investors. Chairman Sushil Chandra said that they “felt” that profits made from cryptocurrency investments were a taxable event, citing finance minister Arun Jaitley’s vows to eliminate illicit use of cryptocurrencies.

Pending Supreme Court Case

The Supreme Court of India is now hearing a case challenging RBI’s authority when it imposed abanking ban on the crypto sector. India’s apex court earlier ordered the central bank to present their crypto regulation proposal’s first draft in four weeks, a deadline which is ending this March 29, two days before the fiscal year close.

RBI did not reveal whether or not it would ban bitcoin, considering the bank has remained mum over its perspective on crypto regulations so far. Based on the outcome, taxpayers could gain some clarity over how they should perceive their crypto investments. Till then, declaring crypto assets could push them to either side of the pit.

Exclusive: Indian Bitcoin Users in the Dark Over Their Tax Liabilities

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Bitgo Obtains $100M Insurance Policy to Cover Crypto Assets

 Insurance to Cover Hacks, Theft and Loss of Keys

According to a statement released on Feb. 19, Bitgo, which provides custodial services for more than $2 billion in digital assets, said its business wallet customers will now be able to buy theft insurance and a key recovery service called Lost Key Cover. This will be done through Digital Asset Services, an insurance provider overseen by the Financial Conduct Authority, the U.K. financial services regulator. The key recovery service will be available for purchase either as an annual subscription or when needed, the company said.

Custodial assets held completely by either Bitgo, Inc. or Bitgo Trust Company are insured for up to $100 million through insurance group Lloyd’s. The assets will be covered for third-party hacks, physical loss or damage of private keys, insider theft by employees and other hazards. At the end of 2017, Lloyd’s had about $44 billion in gross written premiums. The insurer has a presence in nearly 200 countries and is one of the world’s largest insurance and reinsurance marketplaces.

Whereas traditional bank deposits are insured up to a certain threshold, cryptocurrency deposits generally are not, or only to a limited extent, such as exchanges insuring funds kept on their hot wallets, but not in offline cold storage. The Quadrigacx saga, in which the crypto exchange’s founder died with keys to $145 million worth of cryptocurrency, underscores the need for insurance protection. When CEO Gerald Cotten suddenly died in India in December, he apparently took with him the passwords to a multi-million-dollar fortune belonging to investors, which neither his work colleagues, court nor his wife can locate.

Commenting on the Bitgo deal, Nicholas Edwards, an official with Lloyd’s said: “We have been working hard to tailor a bespoke insurance product for Bitgo in this new, rapidly developing and complex sector. Following a thorough review of Bitgo’s security and controls we are delighted to have delivered an innovative solution that enables our client to develop and grow its business with confidence and security.”

San Francisco-based Bitgo claims to process 15 percent of all onchain global bitcoin transactions and $15 billion per month across all cryptocurrencies. The company is backed by the likes of Craft Ventures, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

https://news.bitcoin.com/bitgo-obtains-100m-insurance-policy-to-cover-crypto-assets/

 

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The Pensioner Bonds is private alternative investments adviser and diversified portfolio management specialist, offering assets and capital management plans to its clients. Our investment strategies are built on solid, proven to work commodity trading techniques developed by an elite reputable group of fund management professionals.
Our mission is to locate the best fund mangers with verifiable record of performance and construct actively managed,diversified investment portfolios.Our program is entirely owned and managed by its partners with strong track record in asset investing,including manager selection,due diligence and monitoring,portfolio construction,risk management,and operations.

Pensioner Bonds is looking forward to providing its investors very attractive long-term returns, while covering the risks during down markets and amplifying the earnings during consistently strong markets. We identify talented, highly experienced, fundamentally-oriented hedge managers, with a bias toward investing early in managers starting their own funds. Through years of experience, we have seen strong performance pattern for hedge fund talent and a wide dispersion of returns between first quartile and median managers, and our goal is to utilize only top-tier managers.

 

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A Look Back at the Top Cryptocurrency Markets From Christmases Past

Number of Crypto Markets Increases by 10x During 2014

A Look Back at the Top Cryptocurrency Markets From Christmases PastWhile many point to 2017 as the year in which the cryptocurrency markets saw their most dramatic growth, 2014 saw the number of virtual currencies increase by nearly 1,000%. As of Dec. 28, 2014 there were 506 active markets according to Coinmarketcap, up from just 59 on Dec. 22, 2013.

Despite the impressive growth in the number of active markets, the price performance of many of the leading cryptocurrencies by market cap was extremely bearish, with six of the top 10 cryptocurrencies losing more than 80% in one year.

Between Dec. 22, 2013 and Dec. 28, 2014, BTC lost nearly 50%, falling from $619 to $316. Litecoin (LTC) fell from the second ranked market by capitalization to fourth, posting an 84% loss from roughly $17.10 to $2.74. Ripple (XRP) was the only top market to gain year over year, up 7% from $0.022 to $0.024. XRP climbed from third to rank as the second largest cryptocurrency by market cap.

Peercoin (PPC) fell from the fourth largest crypto to rank 19th, posting an 81.5% loss as prices dropped from $3.12 to $0.58. Fifth-ranked namecoin (NMC) dropped to 13 with price falling 82.5% from $4.13 to $0.72. Quark (QRK) went from the sixth largest crypto to rank 27th with a price drop of 92.6%. Nxt (NXT) posted the second strongest performance among the top-ranked crypto markets of late 2013, climbing from seventh to ninth despite an 18% drop in price from $0.02 to $0.017.

At the end of 2013, bitshares PTS (PTS) comprised the eighth largest crypto by market cap with a token value of $12.45. One year later, PTS was ranked 45th after suffering a 99.99% drop from $12.45 to $0.00049. Ninth-ranked worldcoin (WDC) dropped to 53rd, posting a 98.5% loss from $0.4 $0.006. Megacoin (MEC) fell from 10th to 48th by market cap, producing a 96.8% drop from $0.52 to $0.017.

Five of the top 10 virtual currencies as of late 2013 retained their top 10 ranking the following year.

Of 2014’s Top Markets, Only BTC and LTC Posted Price Gains 1 Year Later

A Look Back at the Top Cryptocurrency Markets From Christmases PastBTC gained 32% from Dec. 28, 2014 to Dec. 27, 2015, up from $316 to trade for $416.50. Ripple was able to retain its position as the second largest crypto market despite losing 94% from $0.024 to $0.0062. Despite ending 2014 as the third-ranked crypto market, Paycoin (XPY) would close 2014 as the 48th-ranked cryptocurrency after posting a 99.6% loss from $10.74 to $0.038.

LTC gained 25% during 2014, moving from fourth to third alongside a price increase from $2.74 to $3.43. Fifth-ranked bitshares (BTS) dropped to eighth, posting an 80% loss from $0.016 to $0.003. maidsafecoin (MAID) moved from sixth to tenth, producing a 72% drop in price from $0.05 to $0.014.

Seventh-ranked stellar (XLM) finished 2015 as the ninth-ranked crypto market, falling 70% from $0.0058 to $0.0017. Despite dogecoin (DOGE) falling 23% from $0.00018 to $0.00014, doge ascended from the eighth largest cryptocurrency to rank sixth at the end of 2015. Ninth-ranked NXT fell from the top ten rank 11th alongside a price drop of 63% from $0.0161 to $0.006167. While PPC posted a yearly loss of 31% following a drop from $0.578 to $0.4, PPC ascended the market cap rankings from 10th to seventh.

Eight of the dominant markets from Christmas 2014 held their top 10 ranking as of the end of 2015. The number of active markets increased 11% from 506 to 562.

BTC, ETH, DASH, and MAID Posted Triple-Figure Gains for 2016

A Look Back at the Top Cryptocurrency Markets From Christmases PastBTC gained 111% from $416.50 on Dec. 27, 2015 to $878.80 on Christmas Day 2016, following a year of bullish action for the cryptocurrency markets. XRP posted slight gains during 2016, up 3.4% from $0.00617 to $0.00638, resulting in a drop from second to third, ranked by market cap. While LTC posted a 27% gain from $3.43 to $4.35, LTC also shifted down one rank, finishing 2016 as the fourth largest cryptocurrency.

Fourth-ranked ethereum (ETH) was the top performing market of 2016, gaining nearly 760% from $0.85 as of late 2017 to finish the year as the second largest crypto asset with ETH trading for $7.29. Despite dash gaining nearly 270% from $2.69 to $9.91 between the Christmases of 2015 and 2016, it moved from the fifth ranked cryptocurrency to seventh as of Dec. 25, 2016. Sixth-ranked doge fell from the top 10 during 2016, finishing the year as the 13th largest market after posting a 42% gain from $0.00014 to $0.00023.

PPC was the only top market of late 2015 to post a loss one year later, dropping from seventh to 38th in market cap ranking after producing a 43% loss from $0.41 to $0.23. BTS posted a 26% gain from $0.0034 to $0.0042, however fell from eighth to 25th ranked cryptocurrency by capitalization. Despite posting a 55% gain from $0.0017 to $0.0026, XLM slid from ninth to finish the year ranked 16th. Maid moved from 10th to finish the year as the eighth largest cryptocurrency following a massive 620% gain from $0.014 to $0.10.

Six of the leading markets from late 2015 maintained their position in the top 10 as of Christmas 2016. The number of active markets increased by 15% from 562 to 644.

2017 Bull Trend Drives Record Prices

A Look Back at the Top Cryptocurrency Markets From Christmases PastSanta delivered a bountiful Christmas to the cryptocurrency community in 2017, with nine of the top 10 markets posting four-figure or five-figure gains between Dec. 25, 2016 and Dec. 24, 2017.

BTC gained 1,500% last year, increasing from $879 to $14,057. ETH held its position as the second largest cryptocurrency by market cap, gaining 9,345% from $7.29 to $688.59 in a single year.

Ripple posted the second strongest price gain among the top markets for 2017, growing 17,140% from $0.00638 to $1.10. Despite the enormous increase in price, XRP slipped one rank to finish the year as the fourth largest cryptocurrency. LTC moved from the fourth to the fifth-ranked crypto asset by market cap alongside a 6,255% increase in price from $4.35 to $276.49.

Monero (XMR) moved from the fifth ranked cryptocurrency to 10th, gaining 3,455% from $9.63 to $342.43. Sixth-ranked ethereum classic (ETC) dropped to 17th during 2017, however gained 2,725% from $1.10 to $31.10. Despite gaining 12,140%, dash dropped one rank by market cap, moving from seventh to eighth.

Eighth-ranked maidsafe fell out of the top rankings during 2017, finishing the year in 55th after gaining 670% over the dollar but falling significantly against BTC. Nem (XEM) retained its position as the ninth-ranked market after gaining 24,345% from $0.004 to finish the year as the strongest performing leading market, with XEM trading for $0.88. Despite posting a gain of 2,280% from $2.89 to $68.83, 10th-ranked augur (REP) moved from 10th to 36th ranked cryptocurrency.

Seven of the top 10 markets from 2016 retained their leading rank one year later. The number of active markets increased by roughly 100% from 644 to 1,334 at the end of 2017.

All Leading Markets Post Heavy Losses for 2018

A Look Back at the Top Cryptocurrency Markets From Christmases PastBTC has dropped 70% in the last 12 months, falling from $14,057 on Dec. 24, 2017 to trade for roughly $4,230 today. ETH dropped from the second to the third ranked cryptocurrency by market cap following by a yearly drop of 77% from $688.60 to $156.80. Bitcoin cash (BCH) moved from third to fourth, accompanied by a 93% loss from $2,956 to $206.

XRP posted the weakest loss of the top performing markets over the last year, moving from fourth to second ranked market cap alongside a 60% drop from $1.10 to $0.44. LTC fell by 87% from $276.49 to $36.11 while moving from fifth to seventh by capitalization. New entrant cardano (ADA) moved from fifth to 11th this year, shedding 87.5% of its value from $0.39 to $0.05.

Seventh-ranked iota (MIOTA) now sits at 12th, following an 89% drop from $3.45 to $0.38. Dash moved from eighth to 14th this year, in the process losing 91.5% from $1,212 to $102. After ranking ninth for two consecutive Christmases, XEM appears poised to greet Santa as the 16th largest cryptocurrency, having lost 91% from $0.88 to $0.079. 10th-ranked XMR fell 83% from $342.43 to trade for $57.65 over the last year, currently positioned as the 13th largest market by capitalization.

Six of the dominant markets from last Christmas have held their position in the top 10, three of which have consistently held their leading position since 2013. The number of active markets has increased from 1,334 to 2,067 over the last 12 months.