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Altcoin ‘Extinction’ Event Could Happen Now, Says Xapo President

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Xapo president Ted Rogers suggested cryptocurrency markets could be facing a “mass extinction event” as Bitcoin’s fresh downturn drags altcoins ever lower.

‘Incredible Opportunity’ To Buy Bitcoin

In Twitter comments August 13, Rogers said current conditions may prove timely for a wipeout involving “90 percent” of cryptocurrency assets listed on Coinmarketcap.

Conversely, he added, Bitcoin trading around $ 6000 provides an “incredible opportunity” to buy.

Xapo

“We could be in the midst of the extinction-level event for ‘cryptoassets’ that many maximalists have predicted. 90%+ of [the CoinMarketCap] list will disappear eventually – might as well happen now,” Rogers wrote.  Read more...

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New Study Says Bitcoin Has An Energy Problem That Could Exacerbate Climate Change

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New Study Says Bitcoin Has An Energy Problem That Could Exacerbate Climate Change

A newly released study asserts a large amount of electricity is eaten up as Bitcoin00 is exchanged and mined. The author suggests these consumption habits could be churning out enough carbon emissions to affect global climate change.

The relationship between Bitcoin00 and energy has always been somewhat complicated.

Many people have come to odds with miners who set up operations in smaller towns and communities and promise big opportunities, but instead throw power grids into disarray by consuming large amounts of electricity.  Read more...

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Goldman Sachs Could Have a Crypto Custody Service in the Works

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Goldman Sachs Could Have a Crypto Custody Service in the Works

One of the world’s largest investment banks may soon bring cryptocurrencies into its trillion-dollar investment fold.

Goldman Sachs is allegedly devising a cryptocurrency custody service, individuals familiar with the matter told Bloomberg. The offering would open Goldman Sachs custodial services to cryptocurrency funds, providing them an institutional avenue through which to manage their assets. This would outfit the funds with security, insurance and other investment measures that would otherwise be unattainable.  Read more...

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Gamblers in India Could Soon Place Their Bets in Crypto

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Gamblers in India Could Soon Place Their Bets in Crypto

As cryptocurrency exchanges eagerly await the RBI ban ruling, a government agency has proposed using virtual currencies as payment for legalized gambling services in India.

What a great week for Bitcoin! It broke through the $ 8,000 barrier and is taking the lion’s share of market dominance. Now, according to Quartz India, there’s another reason to celebrate – cryptocurrencies could soon be seen as a viable medium of exchange in the country! Well, in the gambling industry at least.  Read more...

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Imperial College London, eToro study: digital currencies could lead payments within 10 yrs.

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Imperial College London, eToro study: digital currencies could lead payments within 10 yrs.
Social trading and multi asset brokerage company eToro and Imperial College London announced in a press release CoinReport received from eToro’s PR firm, Wachsman, the results of recent research on cryptocurrencies. According to the release, the central finding of the study is that digital currencie…

The post Imperial College London, eToro study: digital currencies could lead payments within 10 yrs. appeared first on CoinReport.

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Iran Could Become First Country Forced to Use Bitcoin

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The significance of Bitcoin as a borderless and neutral money is becoming increasingly apparent as the U.S. is attempting to block Iran from accessing its bank account.

The Money in Your Bank Account is Not Yours

On Tuesday, U.S. ambassador Richard Grenell revealed that the U.S. government is extremely concerned about Iran’s plans to withdraw 300 million euros in cash held in German banks, Reuters reported. “We encourage the highest levels of the German government to intervene and stop the plan,” said Grenell.  Read more...

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Blockstream Sidechain-Issued Assets Could Make Altcoins Obsolete

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sidechain

Blockstream has revealed details of an asset trading upgrade to its Liquid sidechain, which could effectively provide an alternative to many altcoins.

Tokenize Anything With Sidechains

In an explainer July 2, Blockstream explained how its Issued Assets (IA) feature will allow users to create their own token asset on Liquid.

A sidechain for Bitcoin, Liquid already facilitates near-instant transfers, funds pegged to the Bitcoin blockchain.

With IA, those transactions can now be for practically anything.

 

“…Assets can represent existing financial instruments like tokenized fiat, crypto assets, attested assets (e.g. gold coins), or completely new assets,” Blockstream confirms.  Read more...

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Could Cryptocurrency And Blockchain Jump-Start Japan’s Next Economic Boom?

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Japan’s GDP has slowed and stagnated over the past 20 years, but some think that it is on the verge of a technology fuelled “boom” — with strong feelings that blockchain technology and cryptocurrencies could spark the nation’s stalled economy.

 ‘The Lost Decade’

In the 1970’s and throughout most of the 1980’s, Japan’s GDP exploded blowing — past Germany and China to the number two spot in the world. However, GDP levels peaked in 1995, and have since then remained fairly flat.  Read more...

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Bitcoin Could Easily Bottom at $2500, Claims Analyst

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As the price of Bitcoin struggles to stay above $ 6000, the eyes of the cryptocurrency world remain firmly fixed on the market leader. 

‘There is Nothing Preventing $ 2500 from Being the Bottom’

Various analysts and experts have weighed in on Bitcoin’s current woes, providing their opinions on what the future holds for the first and foremost cryptocurrency.

One such expert is Luis Carranza, the founder of London Fintech Week, who told Express.co.uk that — despite reaching yearly lows — there are still plenty of reasons to remain bullish in the long term. He stated:  Read more...

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Up In a Down Market? 2 Projects That Could Help You Fend Off the Bear

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2018, once expected to be a bullish year, has turned into a slow burn of agony for most. Especially if one gained interest in and started accumulating in January of this year. Our hearts go out to the investors who hopefully stick around to see future run-ups in the years to come. Some even went as far as selling their homes to go all in on Bitcoin. Those people especially could use a boost or a change of trends sooner rather than later. Here are a few projects and their strategies that may be able to weather the storm.  Read more...

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