Day: May 15, 2018

Bitcoin Price Eyes Breakout as Trading Range Tightens

Bitcoin (BTC) is stuck in a narrow $550 range between the key long-term moving averages today, but may be prepping for a breakout, the technical charts suggest. With the bull/bear bias now unclear, the big problem now is trying to work out in which direction the price will go. As of writing, BTC is changing hands at $8,760 on Bitfinex, and is trading between the 50-day moving average (MA) at $8,287 and the 100-day moving average at $8,837. The sell-off from the May 5 high of $9,990 came to halt…

Deloitte: 3 out of 4 Big Companies See ‘Compelling’ Case for Blockchain

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According to a Deloitte survey presented Tuesday at CoinDesk’s Consensus event in New York City, 74 percent of large companies across seven countries see a “compelling business case” for blockchain technology. Deloitte – the multinational “Big Four” firm that provides tax, auditing and consulting services – conducted the survey in late March and early April. The approximately 1,000 respondents represented companies with annual sales of at least $500 million in the U.S., China, Mexico, the U.K., France, Germany and Canada. The firms represented a range of industries: financial services was…

Whitfield Diffie Talks Cryptography ‘Resurgence’ and Blockchain

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“This is very fulfilling because when you thought the subject [of privacy and cryptography] must have run its course, it flares up again.” Those words, from cryptography legend Whitfield Diffie, perhaps captured the essence of the first day of CoinDesk’s Consensus 2018 conference. Diffie famously co-authored a landmark paper in 1976 that laid the foundations for public key cryptography, a key element of modern internet security and of cryptocurrencies. During a freewheeling, jovial fireside chat with zcash founder Zooko Wilcox, Diffie praised blockchains and cryptocurrencies, saying the technology represents a…