Bitcoin (BTC), Cryptocurrency-While no one will argue the fact that 2018 has been a horrible year for cryptocurrency valuation, with the majority of altcoins down 90 percent or more since the start of the year, Bitcoin-supported payment portal Square has been named a top finance company of 2018.
The crash is powered more by a long-pending correction and the curbs introduced by countries such as China
Roger Ver, a popular proponent of Bitcoin Cash [BCH] and the Chief Executive Officer [CEO] of Bitcoin.com, had offered $1.25 million to OpenNode, a lightning network software to build on top of BCH. However, this offer by Ver was declined by the company.
The world of social media in 2018 has seen an increase in malicious activities including cyberbullying and abuse across these social platforms and other web forums. Notwithstanding, donation pages such as Patreon and YouTube Superchats have also faced these posts causing a crackdown through the year on such users.
EARLY this past Sunday morning, while I was still waiting for the water boil to make that all-important first cup of coffee, the first headline that greeted me was this mind-bender: “Is Chavit Singson the new face of cryptocurrency?” Haha, what?! I shook my head and rubbed my eyes, but no, the headline was still there.
India’s government has continued its “undecided” stance on regulation around the cryptocurrency ecosystem. No timeline was promised by Pon Radhakrishnan, the Minister of State Finance, for enacting legislation, even in the December 28, 2018 meeting. The Indian Government and the domestic cryptocurrency exchanges had always been at odds with each other regarding the regulation of cryptocurrency in India.
South Korea Submits Cryptocurrency-Related Bills To The National Assembly To Regulate The Market According to data provided to news.Bitcoin.com by South Korea’s top financial regulator, the Financial Services Commission (FSC). These bills have been submitted to protect cryptocurrency owners and improve the safety and reliability of transactions.
Senator Elizabeth Warren has joined the 2020 United States presidential race, after announcing on Monday that she will be developing an exploratory committee, according to a report on the Wall Street Journal. With the exploratory committee, Warren will be able to formally raise funds and make key staff appointments before she officially kicks off her presidential campaign.
Jimmy Song, a leading Bitcoin (BTC) educator, developer, and proponent known for his penchant for hats, recently took to his well-followed Medium channel to give an end-of-year update regarding the cryptosphere. Song, an often outspoken advocate for BTC maximalism and colloquially-dubbed “s***coin minimalism”, claimed that 2018 was the that Bitcoin separated itself from the pack.
As 2018 comes to an end, the crypto exchange of Kraken has launched margin trading for Bitcoin Cash (BCH) and XRP on its platform. This expansion brings the total of digital assets with margin trading to eight. The other six digital assets include Bitcoin (XBT), Ethereum (ETH), Ethereum Classic (ETC), Augur (REP), Monero (XMR) and …
It’s not over til it’s over. There are less than 24 hours remaining until we close off 2018 and with bitcoin trading at $3,770 it seems most of this year’s outlandish bullish BTC price predictions are more than likely – not happening.Price predictions are a tricky thing, they’re rarely correct and reputations are on the line but that’s what makes it fun.
Last month saw the price of BTC/USD ( BTC-USD) drop below its long-standing support price of $5,800, on the back of the Bitcoin Cash ( BCH-USD) hard fork which produced just the impetus needed for sellers to push prices below this support level.
A week ago, Ethereum World News had notified the crypto community that the launch of Bakkt might be postponed for a second time due to delays getting the necessary approvals to launch by the 24th of January. In the report, we had explored how the Commodity Futures Trading Commission (CFTC) might need extra time to process …
Bitcoin’s fundamental value continues to be underestimated by the anti-crypto community which is basically the larger part of the world’s population. However, recent statistics from coin exchange platforms like Localbitcoins indicate a high up take of this digital asset in South America countries led by Venezuela.
Despite low prices and two market crashes in 2018, there are still investors who were not chased away from the crypto world by the bear market. However, trading has become a bit difficult, and those who are making money through crypto trading had to find an alternative way to come out on top.
In 2018, virtual currencies experienced a bear market that affected the whole industry. However, people are talking about what will happen during 2019 and how it will affect the most valuable virtual currencies in the market. Bitcoin is currently the most valuable virtual currency with a market capitalization of $67.18 billion.
OpenNode Rejects $1.25 Million Offer By Roger Ver To Build On BCH Instead Of BTC A software engineer working with Opennode has recently claimed that Roger Ver had offered the company $1.24 million to switch their service to bitcoin cash but the company has openly rejected the offer.
The Intercontinental Exchange has been working to bring their new crypto asset platform Bakkt into fruition for quite some time. Despite not being launched quite yet, Bakkt has still been working on its own development in the meantime.
Bakkt, a cryptocurrency platform owned by the New York Stock Exchange owner, announced today a massive Series A funding round that could value the company at over $1 billion.
In a recent article written by Pascal Thellman, the CMO at Bounty0x, he talks about Bitcoin’s halving and how it can affect the market during 2019. Every single time that Bitcoin’s network experiences a halving, its inflation is algorithmically reduced by 50%. This is something that will have an important impact on Bitcoin’s price.
Well, 2018 has come to a close and the bull run of 2017 seems really far, far away. The dizzying heights that Bitcoin reached in December of 2017 failed to push the cryptocurrency industry forward and 2018 was all about the bearish trend that ruled the market for the most part of the year.
Last winter, as bitcoin zoomed to $10,000, Mike Novogratz, a hedge-fund-manager-turned-crypto-investor, proclaimed that it could “easily” reach $40,000. Then, when bitcoin broke $11,000, antivirus software pioneer John McAfee boldly predicted $1 million bitcoin by 2020. For one astonishing moment, when bitcoin exceeded $20,000 per coin in mid-December 2017, Novogratz and McAfee seemed prophetic.
“My take on the whole dot-com bubble was that a lot of people who wanted to make a lot of money got too excited and hyped up the commercial aspects of the Internet prematurely. I think the vision of the Internet as a democratizing medium – as everyone’s printing press – is real.
December 31, 2018: With less than 5 hours left to a new year (UTC), almost all the top 20 cryptocurrencies are battling with little red. The total cryptocurrency cap is currently about $280 billion, which is almost 80% decline in rate when compared to Dec 31, 2017, but investors are still very optimistic for a better 2019.
Moniat is sold to investors for minimum quantities, not considering the traditional Tokens ICO and relaying on direct investments of creators, with enabling users to join and benefit from the account linking that generates extra MAT for holders, which gives an amazing opportunity for people to own additional Moniat.
Market Capitalization in the virtual currency space seems to be highly inaccurate. For example, XRP claims to have a larger market capitalization than what CoinMarketCap (CMC) shows, while others believe that it has less than what it currently has. At the same time, we always check CoinMarketCap statistics and the market capitalization of the most valuable virtual currencies.
The already damaged cryptocurrency space in India further gets doomed as an MP affirms that a “specific timeline” for regulation will not be out soon. In a Parliamentarian session, Pon Radhakrishnan, the Member of State [MoS] for Finance has clearly voiced out the governmental stance saying , “It is difficult to state a specific timeline to come up with clear recommendations,” for the cryptocurrency regulations.
Wall Street Journal Identifies 513 “Questionable” Cryptocurrency Projects in New Report | Crowdfund Insider
Reporters at The Wall Street Journal have identified 513 cryptocurrency projects using plagiarized language, listing false “team members” and promising outsize returns to lure investors. Reporters used automated key-word search tools and human scrutiny to to trawl 3300 crypto white papers for evidence of misconduct.
The year that passed has been very negative for users and for cryptocurrency enthusiasts not only because of the bear market but also due to several attacks to cryptocurrency exchanges. In a recent article published by CoinDesk, Eric Larcheveque talks about this issue and how hardware wallets are helping to solve this issue.
Cameras, flashlights, tweets – when Changpeng Zhao takes the stage these days, a kind of mania seems to ensue. Of course, that’s perhaps to be expected when you’re known to the world over by just two letters, but “CZ” has arguably achieved something greater in 2018 – a celebrity status that’s equaled by his clout as an entrepreneur.
Following a quiet weekend for the crypto markets they have held relatively steady and are currently trading down slightly over a 24-hour trading period. This past Friday, the cryptocurrency markets surged to recover some of their recent losses, with Bitcoin jumping from lows of $3,600 to highs of nearly $4,000.
Most Influential 2018
Many people believe blockchain technology today doesn’t currently have real-world use cases or any tangible value being created from its adoption. Well, throughout 2018, these five projects have made great strides in blockchain technology becoming more widely adopted and advancing in that direction,
Blockchain and distributed ledger technology will disrupt many industries, including legal. While this may take some time, and we are in a very beginning of this transformation, the change is imminent. All professionals can stay on top of this trend and lead innovation in their fields.
Over the weekend things have been standing still with a minor sideways movement for the evaluation of the cryptocurrency market cap but with an overall increase from Friday when the evaluation was at around $120B at its lowest point.
Bitcoin drifted slightly lower on Monday and was poised to end the year below $4,000 after a promising rally at the end of last week. The slight dip in price was consistent across the entire market as trade volumes declined sharply. BTC/USD Update The bitcoin price reached a session high of $3,986.90 on Bitfinex before …
A former academic, Elizabeth Stark likes to play devil’s advocate. Take, for instance, her appearance at the Crypto Springs conference in October 2018. It’s a sunny morning in Palm Springs, California, and most attendees are lounging by the pool; onstage, however, Stark is busy describing some of the darker potential scenarios for the cryptocurrency industry, ones in which it could fall short of its potential.
It was good day for Stellar (XLM), as it jumped by $0.000599999999999989 or 0.52%, touching $0.1156. International Crypto Experts believe that Stellar (XLM) is looking for the $0.12716 goal. According to 8 analysts could reach $0.207555083204785. The highest price was $0.1189 and lowest of $0.1147 for December 30-31. The open was $0.115.
Stellar (CURRENCY:XLM) traded 2.9% lower against the dollar during the 1-day period ending at 10:00 AM Eastern on December 8th. Stellar has a total market capitalization of $2.19 billion and $88.71 million worth of Stellar was traded on exchanges in the last day. During the last seven days, Stellar has traded down 15.4% against the […]
You might know Jed McCaleb as the creator of Stellar, the world’s sixth most valuable cryptocurrency, and if you do, it can’t be exaggerated just how big of a miracle that is. In the pantheon of early cryptocurrency evangelists, there might be no one whose name has been run through as much mud as McCaleb’s.
Ripple, Stellar Co-Founder: Bitcoin Crash Isn’t A Bear Market, Crypto Still “Way Up” – Ethereum World News
Although you may not have heard of him, Jed McCaleb is a legend in the budding crypto industry. He forayed into cryptocurrencies when there was essentially only Bitcoin (BTC), launching the first iteration of Mt. Gox in 2007 (he converted into a BTC platform in late 2010). After leaving Mt.
After mounting several unsuccessful attempts at breaking out of a yearlong slump, the bitcoin price and wider crypto market appear poised to end the month of December firmly in the red. However, a handful of cryptocurrencies, including ethereum, tron, and IOTA managed to resist the gravitational pull present elsewhere in the market and post strong returns to end the year on a positive note.
XRP’s Name Generates Confusion Among The Crypto Community; Kraken Included The crypto community is still confused regarding Ripple and XRP. Kraken has publicly asked for help in order to understand how to better use the name of the second largest virtual currency.
The Chief of Defence Staff, General Abayomi Gabriel Olonisakin has promised special token to all troops participating in Operation Lafiya Dole. The CDS gave the promise at the weekend when he paid an operational visit to Military Command and Control Centre (MCCC) in Maiduguri.
Global Hardware OTP Token Authentication Market 2019 To See Worldwide Massive Growth | Outlook, Trends, Forecast of Top Countries 2019-2028
The intention of the Global Hardware OTP Token Authentication Market 2019 research report can be a supply of data for techniques and business plans. The industry summary is provided by the analysis in addition to the increase hardware otp token authentication market trends, futuristic and beyond cost, revenue, require, earnings, and also the source data.
As of December 27th 2018, STO Global-X has announced the official release of its security token platform STO Global Exchange (STGX). The platform is designed to handle the issuance, management, and trading of a wide array of digital assets, to include security tokens. Details of the STGX Security Token Platform Explained Singapore-based STO Global-X has…
There are two types of crypto investors namely: Short term traders, and long-term Hodlers. The difference between them is that the short-term trader doesn’t need to focus so much on the fundamentals. The goal at any one point to read sentiment, in order to determine market direction.
OpenRelay, an order book service for decentralized exchanges, has announced that it is ending the airdrop for its little-known token, Embiggen (MBGN). The token derives its name from a popular Simpsons episode in which two new words were coined: “embiggen” and “cromulent.” In case you haven’t guessed, the token isn’t entirely serious.
The cryptocurrency year has been one of ups and downs, especially where exchange rates are concerned. Sadly, one area that has remained buoyant is crypto theft. So, who were the hackers that stole $1 billion and how did they do it?
WSJ Wealth Adviser: Expert Advice, Chinese Bonds Offer Refuge, Cryptocurrency No Longer A Rebel Asset
In 2018, the WSJ Experts panel on wealth management wrote about some of the ways we can position ourselves for comfortable retirement and how to leverage taxes and premiums once we’re on a fixed income. Here are five of the most-popular Experts blog posts about retirement savings from 2018.
This year has certainly been a tumultuous one for cryptocurrency. What started off with a bang ended with a whimper as the entire market shed 84% and $700 This year has certainly been a tumultuous one for cryptocurrency. What started off with a bang ended with a whimper.
We may look back one day on 2018 as the year the great cryptocurrency dream died. And the case of banking startup Hush may serve as a cautionary tale of the risks that were always inherent in this relatively unregulated sector.
Crypto This Week: India Cryptocurrency Legalization, Institutional Players Joining in 2019 And More – CryptoCoin.News
INDIA CRYPTOCURRENCY LEGALIZATION The Indian government might be on their way to legalizing cryptocurrencies, but with strict measures attached. According to an article published on Wednesday by the New Indian Express, an interdisciplinary committee set up by the government in April 2017 to investi
About $927 million in digital currency has been stolen from different cryptocurrencies in the first three quarters of the year 2018. Unregulated cryptocurrency exchanges have been identified as a major source of criminal Bitcoin payments. Direct payments are the funds that move from an identified criminal source to a cryptocurrency exchange.
The United Kingdom’s finance watchdog the Financial Conduct Authority (FCA) has revealed that it is investigating 18 companies over cryptocurrency use, local daily news outlet the Telegraph reported Dec. 29. Responding to a Freedom of Information Act (FOI) request from the publication, the FCA said it had closed the vast majority of its investigations into cryptocurrency-related businesses since May of this year.
LEIPZIG, GERMANY – Hardware based cryptocurrency wallets may not be as secure as promised. That’s the judgement of Dmitry Nedospasov, Thomas Roth and Josh Datko who together presented their research at a session here at the 35c3 conference called ” wattet.fail.”
5 min read Opinions expressed by Entrepreneur contributors are their own. Cryptocurrency is just like any other asset class when tax season comes around. Unfortunately, cryptocurrency taxes appear so complex that few people file them. Others see cryptocurrency as a means to move money illegally – which means avoiding cryptocurrency taxes entirely.
The Financial Conduct Authority (FCA) of the United Kingdom is investigating cryptocurrency firms. The main intention is to improve their regulatory framework related to virtual currencies and blockchain technology. This is not the first time that the regulatory agency investigates crypto firms. According to The Telegraph, the financial watchdog is investigating 18 different companies related to crypto transactions.
The year 2018 started with great hopes in the cryptocurrency market; however, the year did not deliver to the expectations, and things turned worse for the cryptocurrency market.
2019 Is The Year Crypto Makes A Comeback: Here’s Why While 2016-17 saw the meteoric rise of the crypto market as a whole, 2018 saw the entire sector fall to its knees. However, looking ahead, latest market indicators now seem to suggest that the coming year could usher in a new era of prosperity for this burgeoning domain.
As anyone who was trying to build a computer during the cryptocurrency mining boom knows, GPU prices often follow trends in the crypto markets. When Bitcoin prices were up, GPU prices skyrocketed and cards were difficult to come by. This…
Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. According to the business publication, the Financial Conduct Authority (FCA) disclosed on Sunday that 18 companies were being investigated over their involvement in selling cryptocurrencies.
New York Times best-selling author and motivational speaker Tony Robbins tweeted about Bitcoin to his 3.04 million Twitter followers. Robbins is revered for his practical wisdom about money and finance, and has hosted countless seminars and lectures. The tweet features an article on the basics of Bitcoin posted to his website by his team of …
Cryptocurrency adoption pioneers Lite.IM have just announced that the platform will now support Bitcoin (BTC) payments. This means, users of Facebook, Lite.IM, a platform hoping to increase crypto adoption, has just added Bitcoin to its coin list. Users can pay in BTC through Facebook, Telegram, etc.
On Monday (31 December 2018), Vitalik Buterin, the highly gifted Russian-Canadian computer programmer who created Ethereum (ETH), talked about some of the things he was thankful for in 2018.
December 31, 2018 4:14 PM Ether’s price started consolidation after an upward move against the US dollar and bitcoin. ETH/USD is holding the key $130.00 support, but there are a few bearish signs on the charts. Technically, the 2-hour chart is currently near midlines in bullish territory.
Dr. Glen Weyl speaks with the calm of a man who has history on the mind. With an unbroken gaze and an unambiguous delivery, the author, economist and Microsoft researcher calmly espouses a clear and revolutionary vision: that the world’s hierarchies can be challenged and reconceived with the power of markets.
A few days ago, Tuur Demeester, a Bitcoin proponent and founder of the Adamant Capital, wrote a series of Tweets criticizing Ethereum (ETH). Clearly, Vitalik Buterin, Ethereum’s co-founder did not like that and decided to answer him back.
Ripple positions itself as a complement to, rather than a competitor with, Bitcoin – the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network – and as it
As of yesterday, the cryptocurrency market has seen the unexpected year-end fall in prices for the top 20 cryptocurrencies except a few that showed some upward trend. Bitcoin registered a downward surge to $3,900 once again, as per the data shared by Coin360. Coin360 is an interactive cryptocurrency infographic created to display current data on…
Brenna Sparks wills herself to try new things. Equal parts adult star and crypto evangelist, she’s not the kind of Las Vegas denizen who never hits the strip. But when asked if she wants to take the High Roller, the city’s 550-foot tall Ferris wheel with a serious view, the thought clearly petrifies her.
As I walked from my car to Circle’s offices in Boston on a Friday afternoon in early November, the sun appeared to have already set, even though it would be up a while longer – past 4:00 p.m.
Digital assets platform Bakkt – created by the operator of the New York Stock Exchange ( NYSE) – has announced the completion of its first funding round in a blog post today, Dec. 31. The institutional investor-focused cryptocurrency platform from the Intercontinental Exchange (ICE) has officially raised $182.5 million from 12 partners and investors, according to the post.
The Indian government is approaching cryptocurrency regulation with caution, tech magazine Quartz reported Dec. 31, quoting Pon Radhakrishnan, the Minister of State in the Ministry of Finance and Ministry of Shipping. The latest episode in India’s increasingly drawn-out path to formalizing its domestic cryptocurrency economy, Radhakrishnan said that the lack of a “globally acceptable solution” meant lawmakers were unlikely to issue formal statues in the short term.
The Intercontinental Exchange’s (ICE) cryptocurrency project Bakkt celebrated New Year’s Eve with the announcement of a $182.5 million equity round from a slew of notable institutional investors. ICE, the operator of several global exchanges, including the New York Stock Exchange, established Bakkt to build a trading platform that enables consumers and institutions to buy, sell, store and spend digital assets.
Most financial institutions will not use Bitcoin ( BTC), payment network Stellar’s co-founder and CTO Jed McCaleb stated in an interview with Yahoo Finance Dec. 31. Speaking to the online news outlet, McCaleb – who is also known as one of the founding fathers of defunct Japanese Bitcoin exchange Mt.
Insights on the Growth of Blockchain in Media, Advertising, and Entertainment Market CAGR of +81% by 2023: In Depth Assessment, Strategic Analysis – Press Release – Digital Journal
https://www.itintelligencemarkets.com/request_sample.php?id=2457Company Profiled: The Top Key Players included in Global Blockchain in Media, Advertising, and Entertainment Market are IBM, Microsoft, SAP, Accenture, AWS, Oracle, Digital Currency Group, Bit fury Group, Factom, Guard time, BRAINBOY, ARK, Auxesis, Synereo, NYIAX, MetaX, BTL, Voise, UJo, BigchainDb, Bloq, Clear coin, iProdoos, Current, and Decent.The report gives a SWOT analysis of the new projects in the global Blockchain in Media, Advertising, and Entertainment market, investment feasibility, development trends, and investment return analysis of these projects.
Today’s IoT networks rely on centralized, brokered communication models. All devices are identified, authenticated and connected through cloud servers. Since all connections between the devices must go through the Internet, even if the devices are located close to each other, the cloud servers will remain both a bottleneck and point of failure…
Atari CEO Frederic Chesnais recently told us how Rollercoaster Tycoon Touch helped bring back Atari, which, when Chesnais took it over in 2013, had $34 million in debut and a paltry $1 million in revenue.
Yet another tool is being added to Bitcoin’s growing number of privacy solutions. Thought up at a brainstorming event attended by Bitcoin developers and privacy researchers last summer, Pay to Endpoint (P2EP) is a relatively new trick that utilizes the well-known CoinJoin mixing technique to make blockchain analysis much harder.
Now Ohio businesses can pay state taxes with bitcoin. Ohio Treasurer Josh Mandel made plenty of people scratch their heads with one of his last actions before leaving office in January. In late November, the Republican from Northeast Ohio began allowing Ohio businesses to pay their taxes with Bitcoin.
The cryptocurrency market entered 2018 full of hope and vigor, but there’s no denying that the past 12 months have been challenging for crypto-majority of the digital assets plunged in value as the sector faced regulation from many jurisdictions around the world, along with a number of exchange hacks and other noteworthy events that took place in the past year.
The Intercontinental Exchange (ICE) announced an update on the launch of the Bakkt Bitcoin (USD) Daily Futures Contract in an official notice Dec. 31. The document from ICE – the operator of the New York Stock Exchange ( NYSE) and creator of digital assets platform Bakkt – states that “[f]ollowing consultation with the Commodity Futures Trading Commission [ CFTC], ICE Futures U.S., Inc.
Optimism that the United States and China are making significant progress toward bringing an end to the trade war that has roiled the economy in recent months has the Dow Jones Industrial Average and other major stock indices pointing north ahead of the year’s last trading session.
Coin creators ought to have a thick skin and always ready to answer any question touching on their creations. While Ripple is an independent and a for-profit company that advocates three main solutions in xRapid, xCurrent, and xVia, it’s a well-documented that the community is not so sure on whether XRP is a security or a utility.
Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for December 31, 2018. Highlights include: Markets Ring in 2019: Contrary to last week’s roller coaster, this week’s markets are seeing a more relaxed side.
As the crypto industry grows toward global adoption, there are some digital assets that are have some really impressive fundamentals and the crypto users are looking forward that how influential would it be? There are about more than 2000 cryptocurrencies in the market and Stellar (XLM) being ranked 6th in that place is really taking over the…
When it comes to crypto, everyone loves to talk about “community.” Every cryptocurrency has one, we’re led to believe, but often as not the community is just a Telegram channel peppered with demands of “@admin wen airdrop.” There is one cryptocurrency, however, for which the word is anything but a cliche.
The UK Financial Conduct Authority (FCA) Continues Investigation of 67 Crypto Companies | Cryptocoin Spy
A report by the Sunday Telegraph reveals that the United Kingdom’s financial overseer, the Financial Conduct Authority (FCA), has been investigating 67 cryptocurrency companies in the country since early November. The data, which was gathered through a freedom of information request, indicates a growing concern within the FCA regarding the use of cryptocurrencies in the …
The UK’s Financial Conduct Authority is looking into the activities of 18 firms in connection with cryptocurrency transactions. Information gained by a freedom of information request by The Sunday Telegraph, the details of which were published yesterday, revealed that the FCA has opened 67 cryptocurrency related lines of enquiry as of November 12th, 2018.
If you think peer to peer is a messaging system in the House of Lords or a hard fork is an unusually resilient item of cutlery, let us put you right. Every business has its own jargon, and cryptocurrency is no different. In Silicon Valley, they talk of little else but hackathons, burn rate, dog-fooding and exit strategies.
On Sunday (30 December 2018), Lou Kerner, the founding partner of crypto venture capital firm CryptoOracle, said during an interview that Bitcoin “has an opportunity to actually replace gold as the dominant store of value, in which case it can go up more than a 100-fold from where it is today.”