Justin Sun’s upcoming lunch with Warren Buffett is a genius marketing play that can only help the cryptocurrency sector, writes Noelle Acheson.
CoinDesk
Beyond Meat Stock Crushed It Yet Again Thanks to Hype & Short Squeeze
By CCN Markets: Beyond Meat was the biggest non-penny-stock market winner on Wednesday, soaring another 12.7% to $ 142 per share. Beyond Meat’s stock is now up 460% since its IPO. Why is Beyond Meat’s stock going bonkers, and is the company’s valuation fair at this price? There are two reasons behind this insane move. A Lot of Hype The stock market is presently at its third most expensive ever. When the stock market gets this frothy, IPOs and other speculative investments tend to attract a lot of hype and momentum investors. These investors piled into Beyond Meat’s stock when the
Malta: Does Europe’s ‘Blockchain Island’ Really Live up to the Hype?
Malta. The Blockchain Island. A postage-stamp-sized nation nestled in the Mediterranean famous for its rocky coastline, Baroque cathedrals, Megalithic temples, and centuries of culture. It’s a veritable mishmash of graying British expats, luxurious hotels, exotic women, cars that drive on the left, and a host of other legacies left by the various civilizations that invaded … Continued
The post Malta: Does Europe’s ‘Blockchain Island’ Really Live up to the Hype? appeared first on CCN
Has Blockchain Peaked Its Hype?
A company from down under called Digital Transformation Agency doesn’t seem impressed with what blockchain has to offer and the current state of its technology. According to the chief digital officer, the technology is being forced by vendors and not governments or users.
Blockchain peaking?
Earlier in the year, it was reported that the Australian Government provided $ 700,000 AUD worth for its Digital Transformation Agency with the aim to “investigate areas where blockchain technology could offer the most value for Government services.”
The Death of Hype, Amara’s Law and the Crypto-Anarchist Dream
The hype surrounding blockchain and cryptocurrency has simmered to a dull roar. Last December, the markets spiked as traders drooled over the thought of lining their pockets. They believed they would be billionaires. They had erotic dreams of lambos, mansions, hookers and blow. Many of them embraced a get-rich-quick, shit-brained mentality. They put speculation over philosophy. The majority of them got financially destroyed for their greed. In their fragilista-like thinking, they either forgot the purpose of the technology or came into the space without acknowledging the crypto-anarchism that created it.
Also read: Markets Update: Stable Cryptocurrencies and Unstable Pegged Coins
GBTC Premium Down 10%: Will Bitcoin Drop in Price or is ETF Hype Rising Again?
The premium on Bitcoin Investment Trust (GBTC), a publicly tradable Bitcoin instrument operated by Grayscale Investment, a $ 2 billion cryptocurrency fund and subsidiary of Digital Currency Group (DCG), has dropped by 10 percent in the past week. Tyler Jenks, the president of Lucid Investment, who operated as an analyst in the traditional finance sector for
The post GBTC Premium Down 10%: Will Bitcoin Drop in Price or is ETF Hype Rising Again? appeared first on CCN
Bitcoin Price Live: Bullrun in Cards As ETF Hype Fuels Unprecedented Rise
Cryptocurrency experts and users alike are scrambling for an explanation Tuesday after Bitcoin prices increased by $ 700 in around 45 minutes.
Bitcoin Jumps $ 700 In Under 1 Hour
After a week of range-bound trading between $ 6150 and $ 6750, BTC/USD suddenly broke out, topping $ 7000 in five minutes and going on to reach highs above $ 7500 on some exchanges. The price currently sits at 00.
On social media, commentators were scanning the internet for the major news they assume had triggered the price rise.
Bitcoin Hype ‘Has Barely Even Begun,’ Says Blockbid COO
Blockbid COO David Sapper believes the hype surrounding Bitcoin and other cryptocurrencies is just getting started, and will one day permeate our everyday lives.
‘More Mainstream Adoption in the Coming 18-24 Months’
Plenty of people are feeling the Bitcoin blues these days — and understandably so. The first and foremost cryptocurrency has plummeted from all-time highs challenging $ 20,000 to a yearly low below $ 6000.
Still, even though an undeniable bubble obviously popped at the onset of 2018, the hype surrounding Bitcoin 00 hasn’t even come close to reaching a fever pitch. In fact, according to Blockbid COO David Sapper, “the hype has barely even begun.”
Blockchain Hype Overstates Reality, Says Steve Wozniak
Technologist and Apple Inc. co-founder Steve Wozniak played contrarian at the NEX technology conference in late June, comparing the hype around blockchain to the fervor he witnessed just before the implosion of the dot-com bubble. Still, Wozniak stood by his unflinching loyalty for Bitcoin, even in the midst of the market’s 2018 downturn.
To be sure, Wozniak believes blockchain technology will serve as a cornerstone for business and industry in the future, calling it “decentralized and totally trustworthy.”
Bitcoin is ‘The Real Innovation’ – Jimmy Song Dispels Blockchain Hype at Consensus
Bitcoin educator, developer and entrepreneur Jimmy Song has bet an unlimited amount of money on cryptocurrency proving more innovative than Blockchain by 2023.
Bitcoin ‘The Real Innovation’
Speaking during a panel at Consensus 2018, which has since become infamous as a frank discussion of Bitcoin vs. Blockchain, Song made the bet with Ethereum cofounder Joseph Lubin.
“I don’t really see much of this stuff gaining much traction,” he said referencing blockchain solutions for global enterprise arguing Bitcoin is “the real innovation here.”
EOS Hype Builds as Over 50 Candidates Vie for 21 Supernodes
EOS is scheduled to migrate from the Ethereum network to its own on June 2, 2018, and a slew of candidates are vying for one of twenty-one supernodes that will support this new mainnet. Since the first week of March, the platform’s Steemit account, EOS Go, has posted weekly reports on the organizations that have submitted themselves for consideration.
Verge Price Aims for $0.05 as Hype Machine is in Full Effect
All cryptocurrencies are suffering from another downturn as we speak. With the Bitcoin price dropping by over 5% in the past 24 hours, yesterday’s prediction came more than true. It does appear the Verge price is still bucking this negative trend, despite this somewhat shady partnership “crowdfunding campaign”.
Verge Price is Surging for Some Reason
A lot of people expressed their concern over the recent Verge “partnership” and the way the team went about things. By asking XVG holders to contribute nearly $ 2.75M in funds before the team would even unveil this “potential partnership:”, there were genuine concerns over this being a major scam. Unsurprisingly, the crowdfunding goal was met, and it seems the Verge price is responding kindly to this news.