It does seem like investors have been losing interest in Bitcoin (BTC). The search volume for Bitcoin (BTC) and cryptocurrencies have been on a constant decline since the beginning of the correction. This has convinced many in the crypto community that investors have lost interest for now and that it will probably take a long time for money to return back to the market. All of this sounds reasonable when you consider how the average mainstream investor would react.
Bitcoin is digital gold for a digital generation.
Libertarian proponents of cryptocurrencies, like America’s Founding Fathers before them, argue that fiat currencies are nothing but Monopoly paper: Why does fiat cash have value when it’s not backed by any real asset, such as gold or silver?
In 1786, Thomas Paine wrote: “Gold and silver are the emissions of nature: paper is the emission of art. The value of gold and silver is ascertained by the quantity which nature has made in the earth.” He added, “But the evils of paper money have no end.
On September 2, short contracts on Bitcoin started to pile up on BitMEX and Bitfinex, a relatively large portion of the crypto market expressed their negative stance on the short-term performance of Bitcoin price. Although Bitcoin has successfully broken out of the $ 7,200 resistance level on September 1, since late August, the dominant cryptocurrency has
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The number of jobs and job seekers in the Asian crypto space is growing, according to leading recruiters in the region. Also in The Daily, Colombia may soon become a crypto-friendly nation, California and Russia want to use blockchain tech for insurance and pensions, and Malaysians remain bullish on cryptocurrencies, despite market trends this year.
Big Four auditing firm PricewaterhouseCoopers (PwC) just released its 2018 Global Blockchain Survey, subtitled “Blockchain is here. What’s your next move?” The sweeping survey pools data from 600 technology executives from 15 territories, with 31 percent of represented companies accruing $ 1 billion or more in annual revenue.
In perhaps its most salient insight, the survey found that 84 percent of executives questioned say “their organizations have at least some involvement with blockchain technology.”
The Federal Trade Commission (FTC) is attempting to combat bitcoin blackmail scams by offering consumers advice through its website. In a bulletin published on Aug. 21, the FTC Division of Consumer and Business Education posted a sample quote from a typical BTC blackmail scam: “I know about the secret you are keeping from your wife … Continued
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Cryptocurrency prices were on the rise this past week and we’ve done some analysis to help you make sense of the movement. Amidst this volatility, we saw Stronghold announce a partnership with IBM to launch a new stablecoin on Stellar’s network that is FDIC insured, a first in the space.
As the market matures, blockchain research and development is picking up steam in major universities, driving innovation for the future health of the industry. Speaking of education, congress got serious about understanding this week, holding two full hearings to discuss the technology and how best to understand and make use of it.
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.
As the cryptocurrency industry matures and public interest heightens, blockchain research and educational efforts have made their way into the halls of some of the world’s leading universities. Courses on cryptocurrency finance, blockchain development and related law are developing into serious avenues of study. They’re academia’s response to a formerly stigmatized space’s debut into mainstream culture, a formal and accredited extension to the work of innovators and leaders who propelled the space forward when it was still relatively underground.
Complementing classroom offerings, university-led blockchain research and development initiatives are on the rise, as teams of professors, blockchain developers and students work to take the industry from market speculation to mainstream application.
As the cryptocurrency market develops and grows, cryptocurrencies have become the subject of an increasing number of securities lawsuits. This year alone, more than 10 cryptocurrency securities lawsuits have been filed in federal district courts throughout the country.
While regulations and laws governing the cryptocurrency market continue to develop, recent activity involving cryptocurrency has raised a host of questions concerning investor protections. As federal and state regulators and policymakers grapple with how to regulate digital currencies, some investors have sought protection through securities lawsuits.
Learning centers, courses, and crypto educational seminars are on the rise in Japan, Thailand, and South Korea. Bitcoin no Madoguchi and Bit Station have opened up to offer guidance to Japanese investors. The Cryptoasset Revolution course and Cryptonist’s seminar are happening soon in Thailand. Meanwhile, Decenter University and Koscom have launched training courses in South Korea.
In Tokyo, “Bitcoin no Madoguchi” (loosely translated as “Bitcoin’s Window”) recently started offering information on cryptocurrencies, crypto exchanges, and the latest news in the space. The shop is currently accepting reservations from customers seeking guidance. The company’s website explains:
2017 was a stellar year for crypto prices and ICO earnings. The astronomic climb in bitcoin prices and the millions of dollars raised by numerous ICO projects stole most of the headlines. In 2018, crypto prices have taken a hammering but blockchain, the underlying technology appears to be flourishing.
Major Corporations Embrace Blockchain
Only a few notable figures in the finance world dismiss both bitcoin and blockchain. Many identify with blockchain technology even if they are critics of bitcoin and cryptocurrency. In 2018, banks have led the way in the institutional implementation of blockchain for financial purposes. Credit Suisse Group AG and ING Groep NV completed a blockchain-powered securities lending transaction in March to the tune of $ 30.48 million. HSBC, one of the largest banks in the world also recently completed a major financial transaction using R3’s Corda.
Jobseekers looking for their big break with Bitcoin could have faced disappointment as offers exploded and crashed in line with prices.
Price Highs = Employment Highs
According to new research from “augmented writing” startup Textio, job offers relating to Blockchain and cryptocurrency rise and fall entirely depending on how valuable Bitcoin is in USD terms.
Researchers analyzed job advertisements containing various terms, including Bitcoin, altcoin, cryptocurrency, crypto, cryptographic hash, decentralized autonomous organization (DAO) and decentralized currency.
Between May 2017 and February 2018, offers peaked in the third week of December, at a time when BTC/USD reached its all-time highs of around $ 20,000.
Bitmain, the Chinese chip maker, is manufacturing hardware and chips that deliver such hash power that those using them could end up controlling the Ethereum transaction confirmation process, obliterating small miners. As a result, Ethereum developers are fiercely working on countermeasures, such as Casper, to dramatically change the mining process.
Ether Miners Are Facing Their Biggest Battle
Ethereum developers are working full time on countermeasures against the advent of new and more powerful computer hardware that Bitmain and others manufacturers are about to introduce into the market.
It has been a while since people actively discussed the NEO price. Thanks to all of the current positive momentum, that situation will come to change fairly quickly. Even though the NEO price did not hold on to the $ 90 price level, it seems the overall uptrend over the past week still remains in place. Especially now that Bitcoin and Ethereum are recovering a bit as well, things look pretty good for this altcoin.
28-year-old ex-realtor, bitcoin millionaire, and rapper, CoinDaddy, was recently interviewed by Business Insider. That’s some serious shizzle for a man who claims his songs deliberately “aren’t that good.” Let’s explore those murky waters where crypto and music meet.
Bitcoin… blah blah blah… Rapper
So I bet you’re just dying to hear the CoinDaddy story. It’s actually pretty short and sweet…
In 2013 he met a guy in a bar who told him to put everything into bitcoin, so he put everything into bitcoin. In 2017 he checked the price for the first time in four months, bought a pimp suit and became a rapper.
Bitcoin has endured an impressive price hike. After yesterday’s short jump to approximately $ 8,300, the currency has seemingly increased by over $ 500, and is trading at just under $ 8,900. It’s a nice bit of news for crypto advocates, and the coin could potentially be trading at $ 9,000 in just a matter of days.
One source goes so far as to suggest the bitcoin bear run may have reached an official end. Fundstrat’s Thomas Lee, which has remained a strong proponent of bitcoin and its ever-changing technology, states that the recent crash may have affected bitcoin, but was directed primarily towards altcoins, of which 75 percent remain in the red.
Decentralized exchanges promise a world in which cryptocurrency can be traded without a centralized middlemen. Nevertheless, the majority of cryptocurrency currently trades on centralized exchanges that have amassed large network effects, offer large amounts of liquidity and have an easy-to-follow user experience. Recently, exchanges Binance and Kyber Network released news of progress toward the future of decentralized exchanges: Binance announced the launch of a decentralized exchange, and Kyber Network made their decentralized exchange beta available to the general public.
Just recently a consumer research group called Valuepenguin did an analysis on complaints filed with the Consumer Financial Protection Bureau (CFPB) between June 1, 2017 and March 1, 2018. According to the study, after the significant 50-60 percent downturn in cryptocurrency values, consumer complaints surged by 669 percent.
In the cryptocurrency market today, there’s a wide variety of investors. But it wasn’t always like that. Between 2010-2016, the landscape was pretty uncomplicated. On a high level, there were only two distinct categories: 1, The ones who measured their wealth in fiat; 2, The ones who measured their wealth in bitcoin.
Also read: Meet the TA Gods
Bitcoin and Investor Types
When a Type 1 person meets a Type 2 person, this is typically how the conversation would go.
Type 1 person: Bitcoin is doing great, I’m so glad I bought some. One of my best investments.