The Great Crypto Experiment Continues

The Great Crypto Experiment Continues 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The crypto community got some mixed messages from DC in 2019. The government went after Libra, fined EOS, filed a lawsuit against Kik, and blocked Telegram from distributing its token. Some members of government were more supportive of crypto – including SEC Commissioner Hester Peirce, who called for a safe harbor for crypto projects, so tokens meeting specified criteria could be traded more freely, enabling a more open crypto ecosystem. As we approach the new decade, this – and other encouraging signals — give me confidence in the long-term viability…

Huobi US Is Abruptly Halting Exchange Operations

Huobi US Is Abruptly Halting Exchange Operations 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The company said in a notice that it would shut down trading services on Dec. 15, 2019. Customers have until Jan. 31, 2020 to withdraw all of their assets. Any customers who have insufficient balances to meet the minimum withdrawal requirements “are encouraged” to convert their assets into another crypto or fiat to see if they can meet alternative minimum requirements, according to an FAQ. Source link

Bitcoin Volatility Is Up, Liquidity Stagnant

Bitcoin Volatility Is Up, Liquidity Stagnant 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Liquidity providers are not rushing in. To measure market makers’ enthusiasm for bitcoin, we turn to network data: the aggregate balances of exchange wallets, as a percentage of bitcoin’s total supply. This measure of exchanges’ bitcoin flows shows some responsiveness to volatility. Year-to-date highs were set in late May and early July, when volatility was on the rise and peaking, respectively. Source link