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Bitcoin Price Unfazed As Bakkt Launches Its Custodian Solution

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The price of the most dominant cryptocurrency is not moving even despite the launch of the Bitcoin custodian solutions in the spot market. As the latest cryptocurrency news show, we see a Bitcoin price unfazed from the market. BTC is continuing to trade inside a negative territory as Bakkt, the digital asset platform backed by the Intercontinental Exchange (ICE) opened its bank-grade Bitcoin storage solution.

In a market with a Bitcoin price unfazed by the news, we can see that the BTC/USD rate is dipping by more than 1.5% in the time of the announcement, indicating that the spot traders did not weigh in the sentiment that was brought by Bakkt.

Moreover, the coming altcoin news show that wealthy investors are standing still in front of the price of Bitcoin and the other altcoins. However, the COO of Bakkt Warehouse, Adam White, was featured on many sites, clarifying his announcement that the company took care of almost every crypto storage issue which kept big investors away from Bitcoin. In a market with a Bitcoin price unfazed by the events, the COO claims:

“Trusted infrastructure, particularly the regulated and secure custody of digital assets, is at the core of everything we do at Bakkt. It is also central to our plans for continued product development and expansion.”

As we can see from White’s statement, the Bakkt Warehouse is a great innovation by the platform. It also serves as an operational portal for Bakkt and its upcoming physically settled Bitcoin futures contracts which are set to launch on September 23. Many best cryptocurrency news sites featured White’s description of these futures contracts.

“When the physically-delivered Bakkt Bitcoin Futures contracts launch on September 23rd, we will create the first fully regulated marketplace specifically designed to meet the needs of institutional firms and their clients,” the COO clarified.

For all that we can see, the investors are not looking for safe haven assets – at least this Monday – which is a reason more why Bitcoin’s rival gold also slipped. Currently, the price of Bitcoin is $10,311 with a 1% decline on the day. The total cryptocurrency market cap remains at $264 billion.

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Bitcoin News

Get Ready For $20k Bitcoin: BitMEX CEO Is Confident

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The CEO of the derivatives giant BitMEX is in the latest cryptocurrency news for announcing a bull run for Bitcoin. According to him, we should get ready for Bitcoin shooting to $20,000 as a result of emergency measures from the United States Federal Reserve (known as the Fed) which is one of the industry's biggest firms. In a tweet on September 18, Arthur Hayes who is the head of the derivatives giant BitMEX, forecasted that the fresh quantitative easing (QE) would further decrease faith in fiat currency. His comments come a day after the Fed swooped to decrease interest rates on some loans which reached more than 10% - or four times its target. For those of you who did not follow our coming altcoin news, more than $53 billion was pumped into the economy. As Hayes wrote:
“QE4eva is coming. Once the Fed gets religion again, get ready for #bitcoin $20,000.”
The Fed's QE injection also marked its first emergency intervention since the end of the 2008 financial crisis - an event which directly led to Bitcoin's creation. Even though the cryptocurrency world hasn't seen a global crisis of the same scale, markets have shown that the Bitcoin price is benefitting from the political and economic uncertainty. Hayes thinks that everyone should get ready for a $20k Bitcoin. What's interesting is that him doubling down on the Bitcoin price comes after the European Central Bank (ECB) has also decided to follow the QE trend once more this year. Commentators featured on many best cryptocurrency news sites stated their beliefs, showing that markets want the ECB to continue the same behaviour, giving rise to the "QE4eva" phenomenon as described by Hayes. Hayes' comments to get ready for a Bitcoin bull run come month after the BitMEX CEO noted that Bitcoin would again hit its all-time high of $20,000. As a lot of altcoin news sites then reported, BitMEX is still grappling with a lot of unwanted attention from the US regulators who suspect that Americans are bypassing BitMEX geoblocking and accessing the platform. Meanwhile, the latest updates show that the 24 hour trading volume has surged to $64 billion and that altcoins are now in the focus - some of which have surged by more than 15% in a single day (XRP).
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Altcoin News

Binance.US Begins Registration Today: 13 States Excluded

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Binance.US which is the United States branch of the major cryptocurrency exchange Binance, has today announced that the opening of accounts registration which is scheduled for Wednesday, will not include the states of New York, Florida and 10 others.
"Launching tomorrow, Binance.US is a fast and secure digital asset marketplace, delivering the world’s leading digital asset trading technology, speed, and experience to everyday users in America," the post said.
According to an official blog post which went viral in the Bitcoin and altcoin news published on September 17, the exchange will start the registration at 8am ET on September 18 in most of the US states. The list will exclude the states of Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington.
“Although it is upsetting that we cannot offer Binance.US in [these] states [...] at this time, please rest assured that this is just the beginning, and it is our mission to bring access to those of you in these states many of us call home,” the post continues.
Once the registration process starts, Binance.US will start accepting inbound transfers for Bitcoin (BTC), Ether (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Tether (USDT) and USD "upon appropriate account verification" as the exchange revealed. According to the announcement, there would be no trading fees until November 1st. A popular question in the coming altcoin news are the trading fees. As Binance.US stated in the post, they are an "independent entity" which means that any of the digital assets held by other trading venues or custody solutions "will not automatically transfer to Binance.US." The fees for personal accounts are 0.10% per trade (flat) which means that if you buy $100 of BTC, the fee will be $0.10. Binance.US also noted that the exchange will be separate from Binance.com since the former is a separate company operated by BAM Trading Services. Currently, US users and their digital assets will also be stored in Binance.US wallets. As many best cryptocurrency news sites reported on September 11, the 24-hour trading volume of major cryptocurrency exchange Binance and its futures markets has exceeded $150 million, all of which was denominated in USDT.
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Bitcoin News

Edward Snowden: Government Lawsuit To Block Book Is ‘Good For BTC’

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The whistleblower known for copying and leaking highly classified information from the National Security Agency (NSA) back in 2013 when he was a CIA employee and subcontractor is in the latest cryptocurrency news. Edward Snowden recently spoke in reference to Bitcoin (BTC) and said that he might place his wealth in the flagship cryptocurrency in order to avoid the United States government confiscating the funds. In a tweet on September 17, Snowden continued his response to the news that Washington is suing him over the content of his new book named "Permanent Record." As he wrote:
“In conclusion this is good for Bitcoin.”
Edward Snowden, who lives in asylum in Russia, continued the debacle about the publication with the US Justice Department (DOJ) complaining that he did not submit a draft of it for approval before publication.
“We will not permit individuals to enrich themselves, at the expense of the United States, without complying with their pre-publication review obligations,” was what Jody Hunt, the Assistant Attorney General of the DOJ’s Civil Division said in an accompanying press release.
Meanwhile, Bitcoin has featured in moves by Snowden at the US government's expense before. As many best cryptocurrency news sites reported in June, it emerged Bitcoin was the medium of choice he used to pay for servers used in a leak of data from the National Security Agency (NSA). Nonetheless, in his previous comments, Edward Snowden revealed doubts about Bitcoin and its suitability as a financial means of avoiding government coercion. As he said in an interview in March 2018:
“The much larger structural flaw, the long-lasting flaw, is its public ledger."
What was absent from Snowden's plans this time was the privacy featured altcoin Zcash (ZEC), known in the coming altcoin news as a cryptocurrency that he previously praised. The Bitcoin supporters were thus more than happy with his publicity.
“Bitcoin is the currency of the people, for the people and by the people,” a popular response from an analyst known as Rhythm followed.
Meanwhile, the news show that Bitcoin has surged again and is nearing the $10,250 margin. The trading volume is good and the total market cap is at $272 billion as we speak.
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Bitcoin News

Deloitte Starts Testing Bitcoin Payments For Its Staff

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Deloitte starts testing how bitcoin payments can play out as a payments option for the employees of the company as per the reports by the Luxembourg Times which we are reading more today about in the altcoin news below. As per the reports, Deloitte has launched a BitPay option for its employees but the BTC payments were available back in2017 in one of the offices in Canada. Months after the test run, the prices of the number one cryptocurrency started going wild and they even broke the records by the end of the year. One of the company’s representatives Laurent Collet stated:
 “We think it’s good to have our employees assess this new technology.’’
Now since the BTC prices have stabilized again to the $10,000 region, the number one cryptocurrency offers a more predictable basis for calculating the price. Bitcoin is now exchanging for $10,221. Paying with your Bitcoins was a good idea in the early days of the network but now the analysts are seeing increased activity related to moving coins in and out from exchanges. Usually, the Bitcoin network will show high transaction loads when the price is rising and when it attempts to sell some coins. there is also some increased tendency for Hodling BTC. Bitcoin is one of the most liquid coins so it is exchangeable for currency as needed and preferred by merchants. One Bitcoin transaction cost is currently at $0.51 unless the priority status is paid for. When the activity is higher, the transactions could cost a few more dollars which is not very suitable for micropayments. Paying with Bitcoin has obviously some major setbacks so now Deloitte starts testing how can they improve the disadvantages. The test of Deloitte will be in-house and on a small scale but globally paying with your Bitcoins is no longer simple. Almost every major exchange has established a KYC procedure and limits the amounts to be paid globally. Deloitte is not a stranger of blockchain and crptocurrencies. The company has been exploring the crypto space for years and the risks of various projects. The company has already formed a blockchain team and opened multiple research centers around the world as we found out in the latest cryptocurrency news.
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