December 17, 2018

Bitcoin Bounces 8% in a Much-Needed Bull Action; Will It Sustain?

December 17, 2018 boss

After setting one new low after another, the bitcoin-to-dollar rate on Monday underwent a sharp bullish correction to register a fresh high at 3450-fiat. The upside action followed a low-volumed consolidation trend over the recent weekend trading session. The late night activity on Sunday, nevertheless, looked sharper and trade volume across the leading bitcoin pairs surged. It remained average as the Monday session came into play in Asia. The European hours, however, took the market by surprise by noting a sharp rise in bitcoin value, from 3238-fiat to 3450-fiat within…

Crypto Week In Review: CFTC Dives Into Ethereum, Coinbase Integrates Paypal

December 17, 2018 boss

As 2018 comes to close, a number of analysts expected a “Santa Claus” rally, whereas the crypto market would undergo a positive reversal in the holiday season. Yet, the value of Bitcoin, along with the altcoins it reigns over, has continued to suffer. Amid this market turmoil, this industry’s news cycle has also faltered, with discussion regarding promising product releases and institutional forays becoming a rare sight. Still, there remain many optimists that are hopeful for what’s to come in 2019. CFTC Requests For Public Feedback On Ethereum, Altcoins After…

Ethereum Unique Addresses Break 50 Million, Active Wallet Number Keeps Dropping

December 17, 2018 boss

The number of unique Ethereum (ETH) wallet addresses has broken 50 million on Saturday, Dec. 15, according to data from the ETH BlockExplorer Etherscan. Number of unique Ethereum addresses on Dec. 15, 2018. Source: Etherscan.io On Saturday, the Ethereum network saw a daily increase of 168,506 unique crypto wallets, following a steady growing trend this year. With that, the highest historical daily growth of unique Ethereum addresses took place on Jan. 4, 2018, with 352,888 new addresses created on the Ethereum network. Highest historical growth of unique Ethereum addresses on…

Circle CEO: In 3 Years Bitcoin [BTC] is “Certainly Going to be Worth a Great Deal More Than It Is Today”

December 17, 2018 boss

Despite the sharp drop in the price of Bitcoin (BTC) and the rest of cryptocurrencies, there are still good reasons to be long on Bitcoin. That’s what Jeremy Allaire, CEO of Circle said in an interview for CNBC’s Squawk Box. For Mr. Allaire, the fact that there is a growing number of users is a sign of the core value of this cryptocurrency and is one of the reasons to think that at present, both Bitcoin and Ethereum are oversold. Allaire is a firm believer that blockchain technologies will play…

Circle CEO: In 3 Years Bitcoin [BTC] is “Certainly Going to be Worth a Great Deal More Than It Is Today”

December 17, 2018 boss

Project PAI Blockchain Protocol and Blockfolio Signal Beta, Create Platform for AI-Powered 3D Avatars

December 17, 2018 boss

A blockchain protocol that enables anyone to create, own and manage their own personal artificial intelligence is available now on Blockfolio Signal Beta and is called Project PAI, a decentralized platform created specifically for Personal AI. advertisement The new platform is able to interact with decentralized applications meant for PAI-centric uses in everyday life such as virtual assistance, healthcare, social networking and entertainment. It is allowing everyone in the world to create, own, and manage their own PAI while simultaneously retaining control of their own personal data. As one of the…

Ethereum Beats Bitcoin Cash’s Price for First Time Ever as Crypto Markets See Growth

December 17, 2018 boss

Cryptocurrency markets were showing signs of life today, Dec. 17, but the major focus was on Ethereum (ETH), which passed the price of Bitcoin Cash (BCH) for the first time. Market visualization from Coin360 Data from Cointelegraph’s price tracker, Coin360, CoinGecko and CoinMarketCap confirm the ongoing battle within the top ten altcoin assets, with ETH trading around $90.86 compared with BCH on $88.63 at press time. Previously, BCH had traded above the market price of ETH since its creation in August 2017. Bitcoin Cash/Ethereum 7-day price chart. Source: CoinGecko A…

Hong Kong’s New Regulation ‘Might’ Be Harmful for Local Crypto Industry, Experts Say

December 17, 2018 boss

New regulations for crypto-related companies, which Hong Kong’s Securities and Futures Commission (SFC) earlier announced, might prevent crypto entrepreneurs from entering the market. Expert comments on the situation were reported by business media Nikkei Asian Review on Monday, Dec. 17. Timothy Loh, owner of a local law firm, told Nikkei that some entrepreneurs might decide not to participate in the new framework in order to “maintain their current shares in the market”. “The requirements of the SFC initiative may prove too burdensome for some operators,” he added. Other speakers cited…

Hong Kong’s New Regulation ‘Might’ Be Harmful for Local Crypto Industry, Experts Say

December 17, 2018 boss

Ethereum (ETH) Investment Thesis is “Questionable”

December 17, 2018 boss

Although the crypto market, in general, has undoubtedly had a bad year, some digital assets have had it worse off than others. Bitcoin’s (BTC) ~83% decline from its all-time high is mere peanuts, especially when compared to the 94% loss that Ethereum (ETH) has undergone. ETH has fallen so far from its high horse that the market capitalization of XRP, Ripple’s go-to asset, has surpassed that of Ether. While many optimists believe that this discrepancy is a buying signal for Bitcoin’s former right-hand man, so to speak, a handful of analysts have declared…