A new Ethereum token called “Wrapped Bitcoin” just launched Thursday. How Wrapped Bitcoin Works The purpose of the new cryptocurrency is to enable Bitcoin users to “participate in Ethereum smart contracts natively on the Ethereum blockchain.” Last October Bitcoin custody company BitGo announced a partnership with Kyber Network and Republic Protocol to launch Wrapped Bitcoin (WBTC), a token on the Ethereum blockchain that acts as a 1-to-1 token backed by Bitcoin reserves. In a blog post announcing the new token BitGo stated: “WBTC users will be able to utilize Bitcoin in a wide variety of new decentralized use cases, including
By CCN.com: “I do believe it will go to zero. I think it’s a great technology but I don’t believe it’s a currency. It’s not based on anything,” said Jeff Schumacher, founder of BCG Digital Ventures, of the Bitcoin price during a CNBC-hosted panel in Davos, Switzerland. 1. Bitcoin is Actually Based on a Lot of
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By CCN.com: This publication recently covered a talk at Davos in which Jeff Schumacher claims the Bitcoin price is on the way to zero. In this article, we discuss two simple reasons why this is an impossibility. As CCN’s Christina Comben writes: Schumacher is a top investor and relative veteran in the space. He told
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Last year, crypto KYC and AML requirements came bursting onto the scene with thunderous applause and approbation. Many traders felt like the ICO sector was rife with scammers and con artists. In this sense, they believed there would be redemption through government. The scammers and hucksters would go to prison for defrauding investors and all would be well. After all, many people believed government regulations were necessary to curb people’s appetite for ethereum-based shitcoins. “All financial markets need regulations!” was their lodestone.
This article on cryptocurrency payments was written by Thomas Highwater, who is an avid fan of all things crypto-related. Mr. Highwater teaches high-school level robotics and programming.
While there is a growing number of fiat based-payment processors with a variety of practical tools and methods of payment, adding cryptocurrency payments into the mix provides consumers and merchants with unparalleled benefits. Some of these benefits include simplicity, lower overall cost, security, privacy and a greater level of control over one’s funds.
Reasons to Use Crypto Next Year
Until the start of November, crypto volatility was trending down. Then, several major events happened and the whole cryptosphere went off the charts. But why? According to the Crypto Volatility report released today by SFOX, cryptoassets showed more volatility than the S&P 500 and gold during November, and there are four key factors that contributed
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The Bitcoin ETF saga continues this week, with further word from the now famous VanEck Bitcoin ETF application. In case you’re not familiar or you’ve (somehow) totally forgotten, ETF stands for Exchange Traded Fund. In short, the United States Securities and Exchange Commission (the SEC) who are in charge of financial matters within the US are inspecting a number of Bitcoin ETF applications. The SEC have the power to decide if an ETF is approved, therefore in this process they are looking at the legitimacy of the applications and of course, are looking at how the arrival of a Bitcoin ETF will affect the cryptocurrency markets and in turn, traditional finances and economics too.
At a meeting with the US Securities and Exchange Commission (SEC) commissioner Elad L. Roisman, representatives from SolidX, VanEck, and CBOE presented five major reasons why the commission should approve the Bitcoin exchange-traded fund (ETF) filing of VanEck and SolidX. VanEck, an investment management firm headquartered in New York that has decades of track record
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When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage.
The Global Energy Misconception
The pseudo-environmentalist brigade will have you believe that Bitcoin (BTC) 00 mining would be the death of the planet. Much of their arguments revolve around the energy consumption of data centers used for carrying out the complex mathematical computations needed to validate transactions on the blockchain.
Getting cryptocurrency into the hands of consumers and retailers is anything but straightforward. A new solution, going by the name of TillBIlly, is trying to make inroads in this department. So far, progress has been slow, despite the fact that the payment method will be introduced to some prominent locations soon. Below are some interesting aspects pertaining to this new solution.
#3 Cheaper Costs and no Chargeback Fees
For retailers, dealing with traditional payments does not necessarily cause any friction. Specifically it seems as though they would benefit from dealing with card payments due to their convenience. Reality often differentiates as the fees associated with such transactions can be incredibly steep.
It only takes a few minutes for Bitcoin to lose $ 200 and that’s exactly was happened today.
Not only has Bitcoin crashed earlier today but it took the whole market down with it including Ethereum, XRP, Monero, Stellar and so on.
After weeks of motionless prices, Bitcoin started a downward drop and sank below the $ 6,300 mark despite all the signs pointing to the opposite thing and that the bulls were getting ready to go head first to the market.
Nevertheless, here are a few reasons why we think Bitcoin crashed earlier today.
Bitcoin’s sudden drop to three-week lows has turned the tide in favor of the bears. So is $ 6,000 the next stop?
The most popular cryptocurrency exchange in the world, Binance, sent out a blog post this morning saying they are delisting 4 coins. (BCN, CHAT, TRIG, ICN)
I decided to do some digging myself into the potential reasons for these delistings. Each of the 4 projects became delisted for a different reason, and Binance didn’t explicitly say why. Immediately following the delisting, all 4 projects took a beating in price action.
Instead of just copying and pasting the blog post, I wanted to investigate each one to shed some light and give clarity so that you can be informed in the future on other potential delistings.
Bitcoin wallets come in different shapes, sizes, and with very unique flavors. Samourai Wallet has been a very interesting creation in this regard, primarily because it does things very different from traditional offerings. The following five aspects make this wallet unique and well worth checking out for those looking for such specific features.
#5 Removing USD Balances
One of the more interesting aspects of Samourai Wallet is how the wallet no longer provides fiat balances for Bitcoin users. Instead, the firm is confident users need to look at BTC as a native currency, rather than sticking to the use of Dollars, Euros, et cetera. Although it is rather unlikely anyone will begin using Bitcoin as their native currency because of this decision, it still shows the cryptocurrency industry may require a different mindset altogether.
Telegram and other social messaging apps play an increasing role of importance in the cryptocurrency ecosystem. Various new services are being built to bridge the gap between crypto and these services. ParJar is an interesting platform in this regard. The following reasons make the platform stand out, assuming the team can maintain a stable ecosystem.
#4 No Wallets Needed
One key issue a lot of novice cryptocurrency users deal with is setting up a wallet to store funds. ParJar is accessible even when not using a specific wallet, as the service offers digital wallets for users. It is possible to withdraw the funds to one’s own personal wallet at any given time, which makes it interesting to explore new currencies accordingly.
In less than a year, eight months to be exact, Matt Aaron and his team have grown the Bitcoin.com Podcast Network (BPN) by 100 episodes. Covering everything from blockchain innovation and hype to the week’s hottest crypto news, all the while highlighting the ecosystem’s most interesting personalities, now BPN is expanding into Latin America with a Spanish language broadcast. It’s easily the most comprehensive way to get giant helpings of Bitcoin ear candy.
Could you argue that August has been the month for Ethereum Classic? Probably so. In terms of investment value, Ethereum Classic hasn’t reached any stunning new heights, but, overall this month has outlined some very positive changes for Ethereum Classic, changes that going forward will have a very big impact on the value of the currency.
Before the coin dump of mid August that saw values crashing down, Ethereum Classic did peak over $ 20.00, proving that it does have the capacity to grow, sadly though the organic downtrend gripping the markets at the moment is stopping Ethereum Classic from progressing any further.
Investors have to keep their head on a swivel all the time nowadays. Innovative and disruptive technologiesare finding their way into a variety of new industries and nobody wants to miss the next Facebook, AirBnB, or Google to invest in.
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Because of that, investors need to keep a careful eye on all sectors of the economy, not just tech startups and app development. Aenco (https://www.aencoin.com), a new blockchain-based startup, is developing a new multi-dimensional blockchain fuelled by its AEN token to cater for a diverse number of business sectors to build customisable blockchain applications, in particular, breaking into two emerging industries (amongst many others): medical technology and financial solutions. Aenco has a close focus on real life business and research applications and is already planning the launch of a number of follow on projects to drive its adoption in the market.
On its way to reaching its all-time high of roughly $ 20,000 in January, Bitcoin caught the eye of the public. Since then, the world’s largest cryptocurrency has lost around 70 percent of its value since — but experts say it’s still a very attractive investment. Here are four reasons why.
Tom Lee: Current Price Gives a ‘Huge Bull Signal’
Tom Lee, the chief analyst of Fundstrat Global Advisors, noted that Bitcoin is currently trading around 30 percent below its 200-day moving average — which is a “pretty positive signal.” The analyst also said that the “probability of making money is over 90 percent within six months” if you manage to buy BTC when it’s trading 30 percent below its 200-day moving average.
Despite non-stop criticism, obituaries, and competition from altcoins, Bitcoin has undeniable advantages — ensuring that its value will keep rising for decades to come.
It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self fulfilling prophecy.
Satoshi Nakamoto, 1/17/2009
Bitcoin is a money technology, unlike anything the world has ever seen — as it requires no trust. It is simply software designed so that all parties are incentivized to play by the rules. This, in turn, could make it one of the biggest opportunities to accrue wealth for generations to come.