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Nasdaq CEO Adena Friedman: ‘’Cryptocurrencies Could Still Be A Global Currency’’

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Adena Friedman, CEO of Nasdaq flooded the crypto news media outlets today after saying that cryptocurrencies could still potentially be a global currency and it is expected for 2019 to be a year of innovation and disruption.

She believes that the crypto space has gone through the first cycle of classic infection by saying:

“Marked by early pioneers, followed by hype, followed by proliferation of newcomers and then a dose of reality.”

It’s important to notice that more than $400 billion has been wiped out off the market cap of all cryptocurrencies and the price of Bitcoin even dropped from its all-time high to as low as $3,200. Though early investors made profits, those who joined the market later are sure feeling the worse side now.

Friedman continued to explain that there are two things that will likely happen next:

 “The innovation finds practical utility followed by years of steady and sustainable commercial progress and integration into the economic fabric.”

Or:

 “The invention fails to achieve broad adoption and its commercial applications as medium of exchange are limited.”

Speaking about Nasdaq, Friedman said that it is very difficult to ignore the money that come pouring in from investors to digital currencies and that this is basically an invention investment that ‘’deserves an opportunity to find a sustainable future in our economy.’’ She also said that the crypto space depends on governance and regulation clarity.

Nasdaq is all about gaining the investors’ trust in cryptocurrency by constantly improving and working on upgrading technology and integrity. For example, the Gemini exchange uses software made from Nasdaq.

Chris Burniske, a venture capitalist, also believes that cryptocurrencies are going to what is known as a normal phase of development and that crypto is still in the installation phase.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Altcoin News

BSV Price Surges By 33% Due To A Copyright Application

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Today's altcoin news show that the holders of Bitcoin SV tokens are finally optimistic following a new BSV price surge which took the altcoin to new heights. After correcting as much as 56% to the downside last week, the Bitcoin SV cryptocurrency rallied and produced gains up to 35% in a new pump ignited by Bitcoin on Sunday at 13000 UTC. The recovery of Bitcoin Sv has brought the market capitalization on the high too, growing close to $2.08 billion and noting almost a 100% growth in a week. Meanwhile, the BSV price and its to-dollar exchange rate has also established a fresh intraday high at $121 on Huobi, growing up by 28.2% on a 24-hour adjusted timeframe. Right now, the Bitcoin SV market is calm, after hosting more than $500 million worth of volume in the past 24 hours. The altcoin traded maximally against the South Korean Won, the USDT stablecoin and Bitcoin (BTC). A lot of exchanges and many best cryptocurrency news sites featured the surge in their headlines. The BSV price rally joined a similar sentiment across the cryptocurrency board and the top ten index. The world's leading cryptocurrency, Bitcoin, broke above a strict resistance zone near $8,000 to establish a fresh 2019 Bitcoin price high, going near $8,950. Aside from the BSV price, the coming altcoin news show that Litecoin (which is the fifth largest altcoin now) has climbed 12.55% at the same time, settling its yearly peak. Other influential cryptocurrencies noted winnings between 7% and 10%, including Ethereum, XRP, EOS and Bitcoin Cash. The only altcoin which was weak was Binance Coin (BNB) which had a gain of only 1.24%. What's also interesting is the fact that the BSV price rally followed Dr. Craig S Wright's anti-Bitcoin rant where the Bitcoin SV founder said that Bitcoin will disappear in moments because of its criminal tendencies.
“If Bitcoin or any other monetary system seeks to act outside the rules, it becomes an outlaw system, and once it does, it is easy to stop,” he stated.
However, one of the most realistic theories behind the BSV price pump in the latest cryptocurrency news is the one in which Calvin Ayre (Dr. Wright's close associate) claimed that the US copyright office had accepted the scholar's claim of being Satoshi Nakamoto - the mysterious Bitcoin creator. Nonetheless, the authorities later clarified that anybody could claim the same, stating that they do not recognize “anyone for anything.”  
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Altcoin News

BitTorrent Token Surges 20% After Justin Sun Tweets Latest Announcement

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BitTorrent token (BTT) surged in value by 20 percent after the TRON founder Justin Sun and the owner of BitTorrent once again proved how big of an influence he can be on social media. In the latest cryptocurrency news today we read more about his tweet that influenced the price of the token. Most recently, Sun tweeted that there is a huge announcement coming up and this is when the price of the BitTorrent token increased by 16 percent on the day. Sun didn’t even give us a hint of the announcement. Sun is extremely popular for his Twitter activity and he is constantly getting the number of his followers increasing. He updates the community about what is going on and what is next for his projects. However, he did something different this time after he announced that there is a new announcement coming up. What is more interesting, he says that there is a 70 percent chance of whatever is coming up to take place. Despite the fact that he didn’t hint what the announcement can be, the price for the BitTorrent token surged right after he posted. The price was even up by more than 16 percent which only shows how big the influence of the TRON founder is. It has now become a popular trend to hype and notify the crypto community about blockchain-based projects. It’s perfectly normal for companies to state facts about the developments with their products and this is what Sun has been doing. However, as we mentioned in the altcoin news previously, there is a fine line between keeping the community posted and misleading the community since some developments might not come true in the future. The last tweet from Sun doesn’t provide any concise information and it says that there is only a 70 percent chance of happening. If you take a look at traditional companies, you can see that their activities are carefully monitored by regulating authorities since last year Elon Musk got sued for tweeting his plan to take Tesla private and that he has the funds for it. Being careful with information has to become a practice especially if the community can be misled, in danger or simply to avoid speculation.
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BitMex Research Shows BCH Experienced Two-Block Chain Reorganization

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BitMex research that was issued on May 24, explains that after the hard fork on May 15, Bitcoin cash has reportedly experienced a two-block chain reorganization which resulted in 3,392 BCH double spend. Per the coming altcoin news, we read more on that research. The report released by the BitMex research branch, the recent BCH hard fork experienced three connected issues. First, there was a bug that evidently exploited by an attacker right when the hard fork happened. The attacker was also able to ‘’broadcast transactions which met the mempool validity conditions but failed the consensus checks.’’ Also, the miners who attempted to produce blocks with the transactions were not able to do so. The empty blocks resulted in concerns among the miners who tried to mine on the original chain causing a consensus chainsplit. The third problem was that the said chainsplit prevented a system that aimed to recover funds that were accidentally sent to SegWit addresses. According to the BitMex research, the failure could have resulted in a coordinated 2 block chain re-organization. The report states:
 “Based on our calculations, around 3,392 BCH may have been successfully double spent in an orchestrated transaction reversal. However, the only victim with respect to these double spent coins could have been the original ‘thief.’”
As the BitMex research explains, the three interrelated issues during the hard fork brought up 25 transactions (moving 3,392 BCH) not being into the reorganized chain which led to the double spend effect. As reported in the latest cryptocurrency news, at that time, Bitcoin Satoshi Vision (BSV) blockchain which is a result of the previous BCH hard fork struggled with the large block size and then a series of block reorganizations happened back in April. At the start of this year, In January, a deep reorganization of the Ethereum classic (ETC) blockchain happened as well which also included double spending and $1.1 million worth of crypto was involved. The report states further:
‘’The largest concern from all of this, in our view, is the deliberate and coordinated re-organisation. From one side of the argument, the funds were stolen, therefore the actions were justified in returning the funds to their “rightful owners”, even if it caused some short term disruption. However, the cash like transaction finality is seen by many, or perhaps by some, as the only unique characteristic of these blockchain systems.’’
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Altseason Tips From Cryptocurrency Traders And Expert Analysts

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The coming altcoin news show that a set of altseason tips on maximizing profit during the upcoming trading session - delivered to you directly by the top analysts and traders. Now that Bitcoin has started cooling off from its bullish yearly bear market lows, the pause also presents an opportunity for major altcoins such as Ethereum and Ripple to keep on moving and recover their lost ground. This is why the altseason tips are important for each investor - and why they are featured in our latest cryptocurrency news. To start off, we are going in with a tweet from Rekt Capital which shows a checklist on how the money flow got in the market, grew Bitcoin's dominance but also expanded the opportunities for altcoin investors. https://twitter.com/rektcapital/status/1128289895129198592 As you can see in the altseason tips, a break in Bitcoin's dominance is the fourth signal in the checklist that creates an alt season. This step happens directly after Bitcoin rallies and after money begins to flow into large cap altcoins such as Ethereum and ripple. Another trader named Panama Crypto listed his altseason tips in a tweet. The expert analyst suggests that the best way is to take profits on the way up while also leaving a "moon bag" reserved for the off chance of one cryptocurrency taking off rapidly. https://twitter.com/Panama_TJ/status/1128493156184489985 The best advice in the altseason tips of this trader, is a reminder that if a “life-changing amount of profit” is ever gained, to realize profits and “run.” A lot of other cryptocurrency investors are featured by many best cryptocurrency news sites for their take on the altcoins. At the height of the lass bull run, many of them saw their portfolios reaching values that they never dreamed of. However, it was the greed and fear of missing out (FOMO) that dominated and forced them to hold the longest bear market on record. Right now, the altcoin trading season is at solid levels but it is always important to note that profits are nothing until they are realized - and that one profits from cryptocurrency only when they cash it out into a fiat currency. We hope that these altseason tips will help you with your trading endeavors!  
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