Day: December 16, 2018

Waves Surges into Top 20 Coins as Wider Crypto Market Stumbles

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Since the end of November, the Waves coin (WAVES) has bucked a market trend and risen in price by over 150%. The cryptocurrency has not only risen to a price, at the time of writing, of $2.49 per coin but as bitcoin price falls, WAVES value against bitcoin (BTC) is also growing. The Waves cryptocurrency today, for a short time, entered the top 20 coins by market capitalization but has since fallen back to 22nd place as other coins show green. The coin’s market cap is now nearly $245 million,…

Bitcoin Bomb Threats Strike Hong Kong After Debacle In U.S., Canada

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Over the past 72 hours, bomb threats attempting to extort Bitcoin (BTC) from business owners and governmental agencies have taken the world by storm, affecting thousands across Canada, the U.S., and New Zealand. Although the threats have begun to recede from the limelight in the western world, the issue may only be getting started across the Pacific Ocean in Asia. Hong Kong Targeted By Bitcoin Bomb Threat According to an exclusive report from the South China Morning Post (SCMP), an English news outlet centered around Asia’s happenings, bomb threats requesting…

Bitcoin Price Weekly Analysis: BTC’s Short Term Rebound Likely

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Key Points Bitcoin price traded to a new yearly low at $3,126 and later corrected a few points against the US Dollar. There was a break above a key bearish trend line with resistance at $3,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair may perhaps correct higher in the short term towards the $3,320 or $3,380 resistance. Bitcoin price is forming a short term base near $3,120 against the US Dollar. BTC/USD is likely to test the $3,380-3,400 resistance zone before declining once…

Ethereum Price Weekly Analysis: Upsides in ETH Remains Capped Near $98

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Key Highlights ETH price declined recently and traded towards the $80-81 support area against the US Dollar. There was a break above a major bearish trend line with resistance at $84 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair may continue to move higher, but it could face sellers near the $98 and $100 levels. Ethereum price failed to gain bullish momentum versus the US Dollar and Bitcoin. ETH/USD remains a sell near the $98-100 resistance area in the near term. Ethereum Price Analysis This past…

Business Models Should Be ‘Re-Imaged’ for Blockchain, Says Barclays Rep

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A Intrapreneur from financial services giant Barclays has expressed the idea that blockchains should be built with regulatory compliance in mind, tech news website The Next Web (TNW) reported Dec. 14. Speaking at a Hard Fork Decentralized event, Barclays’ Julian Wilson stated that when building blockchains, developers need to “reconfigure our approach and way of thinking.” Wilson argued that not all business models require blockchains and that the tech should not be used, as TNW paraphrased his words, “as bolt-ons or additions to current business models.” TNW also reports that…

‘Wasteland’ Director’s New Blockchain Gaming Store Signs up 22 Publishers

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Co-founded by veteran game developer Brian Fargo, Robot Cache will purportedly be the first blockchain-based digital marketplace for video games. Brian Fargo Launches Blockchain-Based Steam Competitor The PC games platform is set to launch sometime in 2019 but has already signed up 22 publishers and 700 games for its blockchain-based competitor to Steam. “Wasteland” director Brian Fargo | Source: Wikimedia Commons/Jean-Frédéric Robot Cache has several unique features. It plans to offer the option for game users to re-sell their game purchases and mine a “virtual currency” called IRON when their…

‘Wasteland’ Director’s New Blockchain Gaming Store Signs up 22 Publishers

boss

Co-founded by veteran game developer Brian Fargo, Robot Cache will purportedly be the first blockchain-based digital marketplace for video games. Brian Fargo Launches Blockchain-Based Steam Competitor The PC games platform is set to launch sometime in 2019 but has already signed up 22 publishers and 700 games for its blockchain-based competitor to Steam. “Wasteland” director Brian Fargo | Source: Wikimedia Commons/Jean-Frédéric Robot Cache has several unique features. It plans to offer the option for game users to re-sell their game purchases and mine a “virtual currency” called IRON when their…

Can virtual currencies challenge the dominant position of sovereign currencies?

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The short answer is most likely no, at least not in the near future. Despite the relative “success” of Bitcoin and other virtual currencies (VCs) like Ethereum and Ripple, their role in the economy is minimal. On November 27, 2018, the total market capitalization of all VCs was slightly over US$ 121 billion, while broad money (M3) in the US approached US$ 14 trillion at the end of 2017. In addition, sovereign currencies enjoy significantly higher transaction volumes compared to VCs. The two dominant streams of public discussion on VCs…

Censorship-Resistance Is Likely Bitcoin’s Greatest Use Case Amidst Global Sanctions

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The inability to quickly process Bitcoin payments finally showed its face in 2017 when prices were high. Not only that, but transaction costs for trading in the pioneer cryptocurrency were far from competitive. And yet, cryptocurrencies have still managed to capture the minds of many world leaders. The reason? In a world as financially-intertwined as ours, the ability to evade geopolitical sanctions is worth its weight in digital gold. SWIFT Is Alive and Well The great network of banks, exchanges, and payment providers can be equated to the success of…