Day: October 1, 2018

Bitcoin Ends September With Lowest Price Volatility Seen in 15 Months

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Bitcoin traded in a range of just under $1,500 over the course of the month of September, its narrowest monthly trading range since July 2017, data reveals. At close of trading Sunday, bitcoin (BTC) officially ended the 30-day period with a trading range of $1,329, with prices oscillating between a low of $6,100 and a high of $7,429. Overall, this was the lowest one-month range since July 2017, when bitcoin traded in a $1,095.8 window, according to data from Bitfinex. Further, the monthly trading volume throughout September marked its lowest amount…

ConsenSys Invests in Blockchain Startup Founded by ‘Rival’ R3’s Former Execs

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Ethereum (ETH) co-founder Joe Lubin has made a $6.5 million investment to secure a minority stake in enterprise distributed ledger (DLT) startup DrumG Technologies, Forbes reports October 1. Lubin’s investment comes via his blockchain startup ConsenSys, and is notable given that DrumG Technologies is headed by senior level executives from the ostensibly rival blockchain consortium R3. Lubin will reportedly join as an outside member on DrumG’s board of directors, and reciprocally, DrumG will have a “significant presence” within the ConsenSys ecosystem. As Forbes notes, DrumG was founded in response to…

How Many Coins Are in the Best-Performing Crypto Portfolios

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A platform designed to help investors keep track of their cryptocurrency trades and the performance of portfolios has revealed some of the biggest trends they have learned during their five years in operation. To commemorate its anniversary, CoinTracking revealed how it has noticed that the trade behavior of its users intensifies when the price of a coin rises – with their analysis indicating that the best-performing portfolios hold between seven and twelve coins at any given time. Since it was founded in 2013, the company says it has been struck…

Bitcoin Price Intraday Analysis: BTC/USD Supported at $6,500

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Bitcoin started this week on a bearish note, depreciating more than 2 percent against the US Dollar on a low-volumed Monday. BTC/USD is undergoing a reversal from its previous week’s high near 6828-fiat. The pair initially formed lower lows below 6500-fiat, but later reclaimed the level as support in an upside correction phase. Even today, BTC/USD has tested 6500-fiat as support at least twice already. But, the area has bulls entering long positions towards expected upside targets. Breaking below it can have a psychological but unexpandable impact on the market.…

Two of Blockchain’s Biggest Consortiums Just Joined Forces

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Seismic shifts are happening in the world of enterprise blockchain. Announced Monday, the Hyperledger Project and the Enterprise Ethereum Alliance (EEA) have agreed to collaborate on bringing common standards to the blockchain space and cross-pollinate a wider open-source community. This joining of forces is notable as EEA and Hyperledger represent two of the three largest and arguably most influential enterprise blockchain communities, the third being the R3 Corda ecosystem. If the team-up succeeds in creating common standards between the two platforms, it could sway enterprises previously on the fence to…

Two of Blockchain’s Biggest Consortiums Just Joined Forces

boss

Seismic shifts are happening in the world of enterprise blockchain. Announced Monday, the Hyperledger Project and the Enterprise Ethereum Alliance (EEA) have agreed to collaborate on bringing common standards to the blockchain space and cross-pollinate a wider open-source community. This joining of forces is notable as EEA and Hyperledger represent two of the three largest and arguably most influential enterprise blockchain communities, the third being the R3 Corda ecosystem. If the team-up succeeds in creating common standards between the two platforms, it could sway enterprises previously on the fence to…

Qtum

QTUM, pronounced ‘quantum’, is a blockchain technology designed to merge the smart contract element of Ethereum with the stable blockchain characteristics of Bitcoin as well as using the ‘proof of stake’ consensus mechanism in order to verify ownership. The platform went live in September 2017 and is primarily aimed at enterprises. Due to the combining of the systems, dapps built on Ethereum will be compatible with QTUM too. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here. Source

Lisk

Lisk enables the production and distribution of decentralised apps that have been written in Javascript rather than using systems such as Google Play and the App Store meaning developers could keep more of their revenue. The use of sidechains and a Software Development Kit means developers don’t have to learn a new language in order to produce dapps. These sidechains are then linked to the blockchain and once registered the dapps are accessible on the Lisk mainchain to anyone. The platform was originally called Crypti in 2014 but is now…

Bitcoin Gold

Bitcoin Gold is the result of a hard fork of Bitcoin on October 24th 2017 with the intention to reform the mining process to reduce centralization of large businesses by changing the mining algorithm. The end result reduces the advantage of large holders of capital and specialized technology (specifically ASICs) in favor of smaller miners and common technology (standard GPUs). Bitcoin Gold’s currency took on the ticker of BTG. In 2019 Bitcoin Gold will be working on enabling private transactions. CoinDesk also provides a suite of institutional-grade price indexes. Find…

Zcash

Launched in October 2016, the Zcash network aims to offer more privacy than bitcoin and provides users with the option to use private transactions, keeping transaction information private. Users must choose between two types of transactions when utilizing Zcash: Transparent transactions that make data publicly visible on the blockchain and private transactions that don’t reveal data. The total possible supply of zcash is 21 million coins. Eventually, 10% of total zcash supply will be allocated to the founders’ reward. CoinDesk also provides a suite of institutional-grade price indexes. Find out…