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Tesla has a problem. Short sellers are piling into the stock despite CEO Elon Musk’s claims at a recent shareholder meeting that the electric vehicle maker could deliver a “record quarter at every level.” Ihor Dusaniwsky, the managing director of financial analytics firm S3 Partners, points out that nearly 35% of Tesla stock’s float is […]
The post Tesla Stock Shorters Think Elon Musk is Bluffing appeared first on CCN Markets
According to a recent survey of 10,000 European residents, 63% believe that cryptocurrencies will still be around in 10 years. However, polled respondents were not so confident about bitcoin core (BTC) lasting over the next decade as only 49% of participants believe BTC will be around.
Also read: Researchers Find Hundreds of Ethereum Wallets at Risk Due to Weak Key Pairs
While price appreciation is always good for an asset class, in the case of cryptocurrencies the benefits go way beyond profit.
CoinDesk
Censorship resistance is a much-touted attribute of decentralized networks. They allow anyone to permanently store anything onchain without seeking permission. While this is technically true, the reality, for many supposedly decentralized blockchains, is anything but. As the fate of controversial dapps has shown, even decentralized app stores aren’t immune from censorship and deplatforming.
The post tribeOS Study: 77% marketers know ad fraud exists, 20% think campaign affected appeared first on CoinReport.
Writing for Market Watch Tuesday, Aaron Hankin asserts that Bitcoin’s price plunge along with the NASDAQ and other equities benchmarks in Q4 2018 proves Bitcoin is more like a tech stock than digital gold as some Bitcoin proponents have characterized it. Typically when soft assets like stocks and bonds are in free fall, investors’ money flees into hard assets like precious metals for shelter from the market turbulence. That’s exactly what happened with gold in Q4 2018. As Wall Street crashed and burned, the spot price of gold was buoyed by investors looking for relief from the hemorrhaging. If Bitcoin
A recent survey conducted by Chinese blockchain news site PANews made some interesting conclusions. Namely, overall 63% of 4,200 people surveyed think cryptocurrencies like Bitcoin are unnecessary as a payment system. However, 40% would consider investing in cryptos. About 14% of the people surveyed had invested in cryptocurrencies already. The majority of the people who … Continued
The post 63% Of Chinese Respondents Think Bitcoin and Cryptocurrencies Are Unnecessary appeared first on CCN
With the United States stock market falling under some real pressure during last month, Bitcoin seems to hold support above the $ 6,000 mark and begs the question of whether now is the best time to invest in the leading cryptocurrency.
The Dow Jones Industrial Average was down over 8% from its previous all-time high during October but it is now down by 5%. This contrasts with Bitcoin which is holding steady at around $ 6,400 above major support of $ 6,000. This is a sign that investors are using the digital currencies as a hedge to their portfolios as equities continue to get hit amid a highlighted earnings season.
Casper, Plasma, Sharding. These are all terms mentioned when it comes to tackling Ethereum’s well-known scalability issues. Each with their own challenges, none of them immediately close in sight. Enter OpenST Mosaic. A Protocol so new (it’s been kept tightly under wraps) that it hasn’t come up as a topic of conversation around the water cooler yet.
But its creators say that Mosaic allows for “scaling blockchain economies to billions of users” (in fact, that’s their tagline). And get this. Not in the distant future–OpenST Mosiac is already working now. Let’s take a closer look.
Bitcoin Jesus and Bitcoin Cash representative, Roger Ver, has been coined as a fraudster once again as a result of his and his websites move to try and deceive new investors into thinking Bitcoin Cash is the real Bitcoin.
Now, without getting too deep into the Bitcoin Core vs Bitcoin Cash argument (we’re not on anyone’s side here), we see two clear investment opportunities for new investors, one called ‘Bitcoin’ and one called ‘Bitcoin Cash’.
Continue reading Is Roger Ver A Fraudster? Many Still Think So at Crypto Daily™.
BitConnect India is now at the centre of an investigation as authorities believe that the whole concept was ‘probably’ a Ponzi scheme, a scam that saw round $ 3 billion in investments before the ‘exchange’ closed down in January 2018. As a result of this investigation, part of a wider national clampdown of cryptocurrencies, the head of BitConnect Divyesh Darji has been arrested.
According to Reports, BitConnect had encouraged around $ 3 billion in cryptocurrency investments, but only actually paid out around $ 400,000.00.
Continue reading Was BitConnect India A Ponzi Scheme? The Police Sure Think So at Crypto Daily™.
Tom Lee has cut his year-end prediction for Bitcoin by 20 percent — but still thinks the first and foremost cryptocurrency will top $ 20,000 per coin in 2018.
Tom Lee had previously held strong on his prediction that Bitcoin 00 would reach a new all-time high of $ 25,000 by the end of 2018. Now, the only Wall Street strategist to make concrete Bitcoin predictions is scaling back his expectations — but only slightly.
The co-founder of Fundstrat Global Advisor told CNBC’s “Squawk Box”:
A key aspect of modern society is its trust in reliable government and monetary systems. Government and central banks have been the guardians of the financial system. Ever since humans evolved from nomads, government and financial institutions have sought restrictions — to varying degrees — on choices available to individuals with their assets and currency.
But what if government and banks can’t be trusted?
While Bitcoin does not guarantee freedom and trust, it is an important step toward enabling freedom of choice beyond just freedom from a third party to make a payment. It enables peer-to-peer transactions where the responsibility for validation of transactions via technology is transferred to a community of users.
The rise of solutions like the lightning network suggests crypto can have its cake and eat it too. Transactional scaling may just be the icing.
CoinDesk
Bitcoinist spoke with Darren Marble, CEO of CrowdfundX, a fintech marketing firm that uses artificial intelligence and digital marketing to help its clients acquire retail investors and shareholders at scale. His company was responsible for designing, producing, and marketing historic Reg A+ IPOs to NASDAQ, NYSE, and OTC Markets Group, as well as Security Token Offers (STOs) such as KodakCoin.
I predict that NASDAQ, the NYSE, or OTC Markets Group will launch a token market. If they don’t, they may become obsolete.
A number of companies are trying to create ways to pay their employees with cryptocurrencies. And while the concept might be appealing to some, there are several obstacles that have – at present time – kept it from widespread adoption.
Back in December 2017 when GMO Internet Co. Ltd. announced its intentions to start paying up to 100,000 yen (roughly around $ 900) per month by Bitcoin to its employees, the public’s reaction was, as expected, definitively uncertain. People seemed to be torn between the fierce volatility of cryptocurrencies on one end and the obvious potential for explosive growth on the other.
Smart contracts are supposed to be just that: smart. However, some smart contracts currently circulating aren’t quite making the grade — with vulnerabilities exposing millions of dollars worth of Ethereum to potential theft.
Smart contracts are computer protocols meant to digitally facilitate, verify, or enforce the execution of contracts. Smart contracts’ ability to partially or fully self-execute and self-enforce makes third parties unnecessary when completing transactions — and thus provides superior security and lower costs when compared to traditional contracting.
However, not all smart contracts are created equal, and some house rather serious security vulnerabilities.
Here’s a look at Nomura’s suggestion that bitcoin is translating to a wealth effect in Japan.
During the first half of 2017 and, indeed, throughout the majority of the preceding two years, the majority of volume in the bitcoin space was rooted in China. The Asian superpower dominated mining, played host to the largest and most trusted exchanges and individual speculation, both from a short-term trading and a long-term holding perspective, was rife.
Then, in the summer of that year, the Chinese government moved to ban bitcoin. Exchanges were closed and traders and investors sought an alternative home for their crypto assets.
On today’s episode of The Cryptoverse:
Bitcoin is scarcer than people think, as most look at the current distribution at close to 16 million BTC released so far. However, far fewer Bitcoins are actually accessible. Many people don’t account for the thousands missing, some of them burnt, and wallet stashes that may never be spent.
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