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BPSAA | Blockchain Privacy, Security & Adoption Alliance

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BPSAA (Blockchain Privacy, Security Adoption Alliance) goes live assembling crypto gurus from multiple projects for the good of cryptomanity. BPSAA aims to bring collaboration through BPSAA verified projects in order to enhance Privacy, Security, Adoption for users in the crypto realm.

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Projects in the Alliance:
Pirate Chain (Most Anonymous Crypto) https://bpsaa.vision/pirate-chain
Turtle Network (Interoperable DEX w/fiat) https://bpsaa.vision/turtlenetwork
Ether-1 (Decentralized Storage) https://bpsaa.vision/ether1
Sentinal (Decentralized VPN) https://bpsaa.vision/sentinel

Source: https://cryptocoremedia.com/bpsaa-blockchain-privacy-security-adoption-alliance/?utm_source=rss&utm_medium=rss&utm_campaign=bpsaa-blockchain-privacy-security-adoption-alliance

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Japan is the ‘leading candidate’ for Ripple’s new headquarters: SBI Holdings CEO

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Japanese financial giant SBI Holdings CEO Yoshitaka Kitao said that Japan is the most likely country Ripple will relocate to, should it leave the United States. 

At an Oct. 28 press briefing, Kitao stated that the blockchain-based payments firm “has made Japan the most promising candidate” for its new headquarters if Ripple makes good on its threats to move its San Francisco offices. SBI Holdings is a Ripple investor, while Kitao sits on the firm’s board of directors.

Both Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have expressed frustration at the lack of regulatory clarity in the United States. Earlier this month, Larsen stated the firm was considering moving to countries like the U.K., Switzerland, Singapore, or Japan, because authorities in the U.S. had a “regulation through enforcement” policy and were “woefully behind” in preparing for the cryptocurrency-based next generation of a global financial system.

According to a Bloomberg report on Oct. 22, Ripple shortlisted Japan and Singapore. Garlinghouse said at the time that he had spoken to SBI about using the country as a potential location for its headquarters.

“Japan is one of our fastest-growing markets, in part because we have key partners like SBI,” stated Garlinghouse.

SBI Holdings also announced today that Ripple had completed an investment in Japanese payments company MoneyTap, seemingly as part of its plans to integrate Ripple-powered settlements across ATMs in Japan. The integration is reportedly intended to provide consumers with easier access to funds at Japanese ATMs regardless of their banking affiliation.

Source: https://cointelegraph.com/news/japan-is-the-leading-candidate-for-ripple-s-new-headquarters-sbi-holdings-ceo

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Bitcoin Dominance Is Days Away From Triggering A 30% Rally Against Alts

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Bitcoin smashing through $12,000 gave the cryptocurrency enough momentum and energy to take out $13,000 and revisit last year’s highs. But while it did so, it caused altcoins like Ethereum, Chainlink, and dozens more to bleed out relative to BTC.

It has left alts in a precarious position, potentially about to be left for dead by Bitcoin dominance and a possible 30% rally from here.

Remember The Once In A Lifetime Great Recession of 2008. Within a few years, the underlying technology itself took new life in the form of altcoins, many designed to improve upon the original cryptocurrency in some way.

Ethereum added smart contracts, while Litecoin sought to improve speed and loosen up the tight supply slightly. Others were created to solve scalability.

Related Reading | Crypto Capital Manager Claims Failed Altcoin Promises Won’t Be Forgotten

No altcoins have been able to beat Bitcoin at its own game, but the allure of the next big thing in crypto caused a frenzy of FOMO after Bitcoin exploded to $20,000. The hyper-growth across the crypto industry in both capital and in total coins created, caused BTC dominance, a metric measuring the top crypto asset’s weight against the rest of the total crypto market cap, to dive.

A metric that previously never broke below 95%, within a year or two fell to 35% dominance. Ethereum gobbled up a significant chunk, along with XRP, and other top ten assets.

btc.d bitcoin dominance bb

Dominance could close above the middle-BB on two-week timeframes | Source: BTC.D on TradingView.com

BTC Dominance Poised To Wipe Out Alt Rally, Start Slate Clean In 2022

Nearly four years later, and now Bitcoin is on its way back up toward the highs it broke down from, and it could all happen with a two-week timeframe close above the middle-Bollinger Band.

A close above the moving average from which the two standard deviations are derived is a long or short signal. Note that the two previous closes above the middle-BB resulted in an over 30% climb each time. Closing below the middle-BB is what sent BTC.D off the deep end and kicked off the first-ever

TA roadmap shows path to peak in dominance before altcoin season returns | Source: BTC.D on TradingView.com

An inverse head and shoulders bottom on BTC.D peaked as the crypto bubble popped, and a breakout of the neckline took Bitcoin to the 2019 top where altcoins were decimated in its wake.

Related Reading | Crypto Analyst: Altcoins To “Tank” While Bitcoin Runs For All-Time High

Another 30% rally from the middle Bollinger Band that could result from a two-week close above the key level, would take BTC dominance to as high as 85%, coinciding with technical analysis resistance and support levels, as well as retesting a rising wedge pattern and forming the head on yet another reversal pattern.

btc.d bitcoin dominance bb

Combining TA with the technical indicator paints a bearish picture for altcoins | Source: BTC.D on TradingView.com

Combining the technical analysis patterns with the indicator shows how the price action between Bitcoin and altcoins could play out over the next year.

Bitcoin’s new bull run beginning and new all-time highs could cause alts to tank as analysts are expecting, but when it finally turns around in late 2022, another epic Source: https://www.newsbtc.com/analysis/btc/bitcoin-dominance-is-days-away-from-triggering-a-30-rally-against-alts/

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Fidelity’s Crypto Subsidiary Targets Asian Investors To Buy Bitcoin

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  • Fidelity Digital Asset Services (FDAS) has partnered with Stack Funds to enable Asian investors to purchase and store cryptocurrency assets more freely and securely. 
  • Based in Singapore, Stack Funds is a regulated fund manager focusing on Bitcoin and other digital assets.
  • According to the Bloomberg report, Stack Funds will make Fidelity’s secure custody services available to its clients, primarily based in Asia. The company outlined that the Asian market has been continuously growing in demand towards the cryptocurrency industry, especially from high-net-worth investors and family offices.
  • Stack further explained that all assets under its management will be audited monthly. The firm will provide insurance coverage, weekly contributions, and redemptions to enhance capital security.  
  • Stack’s co-founder, Michael Collett, said that Fidelity’s involvement will enable its company to attract even more investors from the region. 
  • On the other hand, Christopher Tyrer, head of Fidelity Digital Assets Europe, believes that “there’s a critical need for platforms which have a deep understanding of what local and regional investors are looking for.” However, he admitted that the digital asset space has “historically lacked” such platforms. 
  • After its success in the US, Fidelity Digital Assets expanded its cryptocurrency services to Europe last year. The company aims at entering the Asian market as well now with the Stack Funds partnership. 
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Source: https://cryptopotato.com/fidelitys-crypto-subsidiary-targets-asian-investors-to-buy-bitcoin/

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