Day: June 23, 2018

Stanford University Establishes Blockchain Research Center

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Stanford University’s computer science department has established a center for blockchain research to promote the study of and develop best practices for this nascent technological field. Unveiled on Wednesday, the Center for Blockchain Research is a five-year research program that has been underwritten by a variety of cryptocurrency organizations, including the Ethereum Foundation, Protocol Labs, OmiseGo, DFINITY Stiftung, the Interchain Foundation, and cryptocurrency hedge fund Polychain Capital. The center will be led by computer science professors Dan Boneh and David Mazières. Other inaugural faculty will include computer scientists Alex Aiken,…

Reasons Why Bitcoin is Still Not Dead at $6,000 and Market is Optimistic

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On June 23, CNBC Fast Trader hosted a show dedicated to presenting the “Bitcoin Funeral,” a witty introduction to BKCM founder and cryptocurrency investor Brian Kelly’s discussion on the recent bitcoin correction and its future price trend. Three Reasons why Bitcoin Isn’t Dead On CNBC Fast Trader, Kelly outlined three major reasons bitcoin will recover in the mid-term back to its previous support levels at over $10,000: Negative sentiment from investors signalling imminence of a bottomPositive development within the Japanese cryptocurrency exchange marketMt. Gox liquidation of bitcoin postponed to 2019…

Crypto Non-Profits Are Flawed – Zcash Thinks It Can Change That

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On the eve of the Zcash Foundation’s first major gathering, cryptocurrency aficionados worldwide are watching to see if the year-old non-profit can rehabilitate a long-maligned model of governance. Earlier this month, dozens of privacy tech fans from across the ecosystem, from lawyers to monero community veteran Justin Ehrenhofer, joined the foundation’s online forum to vote for two new additions to the board of directors by the Monday deadline. The election will bring the total number of board members up to five, in addition to one elected runner-up in case any member…

Crypto Trading 101: A Beginner’s Guide to Candlesticks

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That kid you know who’s now driving a Lambo because he traded something called dogecoin? He has more in common with Japanese rice traders from the 1700s than you might think. Besides the ability to brag about their newfound riches, both traders likely analyzed price action and investor emotions by using the candlestick charting style. Although modernized in the late 1800s by journalist Charles Dow, the core principles of candlestick charting remain intact today. Both the modern and historical technical analysts who swear by the style regard price action as…

$13 Billion Wiped Out as Cryptocurrency Market Takes Another Beating

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On June 23, the cryptocurrency market demonstrated another minor short-term correction, as $13 billion were wiped out of major digital assets such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS. EOS recorded the largest loss against the US dollar amongst major cryptocurrencies, dropping by more than 11 percent overnight. Bitcoin, Ethereum, and Ripple recorded a five percent loss but have recovered slightly since. Stable Period Needed For Bitcoin to Recover Over the past two months, Bitcoin had certain periods of strong momentum on the upside, supported by optimism from the…