Trending Bitcoin News #36 - September 11th, 2018

bitcoinsandgravy (45)in #bitcoin • 6 years ago

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Bitcoin Velocity Drop-Off Shows Usage As ‘Reserve Currency'

"...Bitcoin is “functioning well as a reserve currency” for cryptocurrency investors as its transaction volume looks set to halve in 2018..."

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Trump’s New SEC Hire Boosts Possibility of Bitcoin ETF

"...Elad Roisman , the newly-appointed member of the Securities and Exchange Commission (SEC), could be the missing the piece in tilting the balance in favor of a bitcoin ETF approval. The new commissioner becomes the third Trump appointee to the SEC, succeeding Michael Piwowar, who stepped down in July. Roisman, who has a strong stance on fair regulation of cryptocurrency, spoke at a Senate Banking Committee hearing earlier this year, where he challenged the regulators to act in a “fair and transparent manner” and ensure they are working as intended in line with the agency’s mission. ..."

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Bitcoin Not Useful for Terrorists, Expert Tells US Congress

"...Despite scattered reports and fears about crypto’s potential use in facilitating terror activities, multiple bitcoin fundraising attempts have failed and cash remains substantially more useful to terrorists. This was the message delivered by Yaya Fanusie, director of analysis for the Foundation For Defense of Democracies Center on Sanctions and Illicit Finance in a prepared testimony delivered to the House Financial Services Committee on Friday, Sept. 7..."

Tweet this : https://twitter.com/BitcoinsNGravy/status/1039460297730215938

Tired of Bank Bailouts and Hyperinflation? Bitcoin Offers Something Different

"...People often wonder why a cryptocurrency with a limited supply like bitcoin has been gaining traction over the years. Since the 2008 financial crisis, the world’s central banks have printed around $12-30 trillion worth of promissory notes, and more than $10 trillion in negative-yielding global bonds. However instead of the newly printed money helping global citizens, many complain that methods like quantitative easing (QE) were not distributed properly. People believe the central banks created hyperinflation and a large imbalance of income inequality because all the funds were given to the banker’s friends — The money never trickled down to help the world’s citizens..."

Tweet this : https://twitter.com/BitcoinsNGravy/status/1039465174753665029

Bitcoin Technical Analysis: DON’T GET COMFORTABLE

"...Bitcoin bounced approximately $300 in under an hour earlier today. While this was a welcome sight for bulls, I wouldn’t get comfortable yet. I’m not seeing any signs indicating this is bottom. The zone between $6,540 and $6,280 has been a known consolidation zone over the last few months..."

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