Day: October 1, 2018

Most ICOs Didn’t Take Funding Hit Despite Ether Price Decline: Research

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Despite the big drops in cryptocurrency prices since late last year, ICO projects haven’t lost money on average, according to new research from BitMEX. The research team from the cryptocurrency trading platform published the new work Monday, having teamed up with crypto data cruncher TokenAnalyst to track the ethereum (ETH) balances of 222 ICOs over time. Specifically, the researchers looked at the amount of ETH raised by the projects and the U.S. dollar value of the gains and losses that arose from the cryptocurrency’s price shifts. The researchers say that the fall in the…

Major Chinese Tech Magazine Adds Payment in Bitcoin to Show Blockchain ‘Practicality’

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Beijing Sci-Tech Report (BSTR), China’s oldest media publication covering the tech industry, has announced it will offer subscriptions payable with Bitcoin (BTC), local media outlet Guangming reported Sunday, September 30. An evidently rare occurrence from China, were government pressure has forced crypto exchanges and Initial Coin Offering (ICO) operators to halt activities over the past year, BSTR says it wishes to promote blockchain and crypto use through “practical actions.” “[S]ubscribers can pay subscription fees to the specific bitcoin receiving address of the newspaper to complete the subscription,” Guangming confirms. The…

Tom Lee: Bitcoin Price Could be Pushed Up Substantially Within the Next Two Months

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Photo: fastcoin99 / Flickr   Bitcoin has lost a significant amount of its value since the bull run in 2017, but that doesn’t mean that many investors and crypto-enthusiasts aren’t excited about the future of cryptocurrency and the many catalysts that are soon to come.  That would include Tom Lee, the co-founder of Fundstrat Global Advisors, who has been bullish on cryptocurrency in general for a while, and specifically bitcoin – even declaring that he believed it would hit $20,000 before the end of the year.   Institutions Want In…

Bitcoin Stabilizes at $6,550, Analysts Optimistic About Stellar Breakout

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Over the past 24 hours, the Bitcoin price has stabilized in the mid-$6,000 region. BTC eyed a breakout at a major resistance level at $6,800, but has slightly declined to the range of $6,550 to $6,600. Most major cryptocurrencies including Ethereum (ETH), Ripple (XRP), and EOS have recorded fairly large losses in the range of 3 to 5 percent on October 1, failing to sustain momentum against both Bitcoin and the US dollar. But, many technical analysts in the cryptocurrency community have expressed their optimism towards the short-term trend of…

ICOs ‘Have Sold Almost as Much as They Raised’

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Initial Coin Offerings (ICOs) have almost broken even on funds sold versus funds they raised, new research by Hong Kong cryptocurrency trading platform BitMEX revealed Monday, October 1. The findings, compiled in partnership with crypto analytics resource TokenAnalyst, further suggested that despite Ethereum’s (ETH) price decline in 2018, ICO projects still had $93 million in “unrealized profits.” Further, the research states, net profits “realized” by ICOs that successfully closed comes to $727 million. “[R]ather than suffering because of the recent fall in the value of Ethereum, at the macro level,…

Sign Emerges That Falling Bitcoin Price Just Might Have a Floor

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Bitcoin (BTC) seems to have built a base around a key moving average in the last four months, although, so far, it has not been able to produce a definitive bullish breakout. Throughout 2018, the leading cryptocurrency has set lower price highs, indicating the path of least resistance is to the downside. Despite the bearish setup, the 21-month exponential moving average (EMA) has served as a strong floor since June. More importantly, the failure to beat the EMA support for four straight months indicates that the sell-off from the record…

The PM of Malta will be at the UN General Assembly to talk about Blockchain cryptocurrency

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The UN is ready for Blockchain systems Through a speech that was given on Blockchain by the Prime Minister of Malta, Joseph Muscat. agreed and Stated that crypto is the future of money and global trade. The country of Malta has been deeply embedded into the Blockchain and cryptocurrency space, which has earned the country the Crypto-friendly country and “Blockchain Island” name. The country has been very active within the Blockchain space, as they encouraging other firms to start taking part in European Blockchain Partnerships with this revolutionary technology storming through…

Game On! ‘Crypto Arcade Playground’ to Help Indie Developers Compete With Giant Studios

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For small indie game developers, the advent of Apple’s App Store and Google Play has proven to be both a blessing and a curse. While one-man bands were able to upstage some of the world’s largest game publishers initially – Flappy Bird, anyone? – established studios have started to catch up, with competition in the marketplace rife and high commission fees eating into already tight profit margins. However, a decentralized “crypto arcade playground” is hoping to help smaller creators survive and succeed by enabling them to target gamers through blockchain…

China’s Bitcoin Whale Li Xiaolai Halts Blockchain-Related Investments

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China’s Bitcoin ‘tycoon’ and serial investor Li Xiaolai will take a hands-off approach to future blockchain projects, he announced on social media Sunday, September 30. In an approach that appeared to take many by surprise, Li, well known as one of China’s rumored biggest Bitcoin bagholders and investors, appeared dissatisfied with fraudulent actors in the blockchain industry that were claiming he was part of their undertakings. “From this day on, Li Xiaolai personally will not invest in any projects (whether it is blockchain or early stage),” his post on Chinese…

Spain Remains a Primary Example of Blockchain Optimism on All Levels

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On Sept. 17, Europa Press reported on the contract the autonomous community of Aragon, one of the 17 Spanish autonomous communities, signed with Alastria — a blockchain ecosystem of more than 274 entities, including companies and institutions which create blockchain-based tools in line with Spanish and European Union legal frameworks. This blockchain is aimed to improve the transparency and efficiency of the administration, which in turn will attract business and investments. A week later, federal officials decided to keep up with their regional colleagues with the national Ministry of Agriculture,…