Day: December 17, 2018

Ethereum (ETH) Investment Thesis is “Questionable”

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…

Egypt’s Central Bank Conducting ‘Feasibility Studies’ Around Digital Currency Issuance

boss

The central bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs, local English language news outlet Amwal Al Ghad reported Dec. 16. Ayman Hussein, sub-governor of the Central Bank of Egypt (CBE), told an Abu Dhabi conference on Sunday that “feasibility studies” were currently ongoing. In line with various authorities in the vicinity, Egypt believes a blockchain-based digital version of its fiat currency can help keep issuance and transaction costs to a minimum compared to coins and banknotes, Amwal Al Ghad notes. The…

Science and Tech Department Official Says Blockchain Can Improve National Economy

boss

An official at the Iranian government’s vice presidency for science and technology has said blockchain can help improve the country’s national economy. His statements were reported by English-language daily newspaper The Tehran Times on Dec. 16. Alireza Daliri, deputy for management development and resources at the vice presidency for science and technology, is quoted as saying that blockchain is one of the new technologies on which Iran should coordinate with international partners, noting that “over 140 countries” are today benefiting from the invention. Daliri is reported to have acknowledged some…

No Time for Bear Markets! BCH, Blockchain Devs Too Busy Building the Future

boss

No Time for Bear Markets! BCH, Blockchain Devs Too Busy Building the Future December 17, 2018 by Jon Southurst The market may be down in late 2018, but a determined contingents of developers are still busy building the new digital economy. That’s the message of Hong Kong’s Global Blockchain Developer Conference (GBDC), an event hosted by BitKan and the Satoshi Foundation to hear the latest technical details on a range of projects. Also see: Facebook to Go Full Steam Ahead in Blockchain? Subscribe to the Bitsonline YouTube channel for great videos featuring industry…

Project to Build the Most Secure Crypto Exchange

boss

A Singapore-based digital assets exchange wants to take on larger rivals and to offer a new way of operating with users by “putting customers first from day one” and giving back to the users. It says the team has been constantly enhancing security, tuning the user interface, and building localized and professional customer support teams. Describing itself as a project which is not just an exchange but rather a “community” as well as a “one-stop solution” for investors, Bitrue was launched with the goal of becoming the most intuitive and…

A Year Ago Today Bitcoin’s Price Hit a Record $20k

boss

Bitcoin (BTC) is still struggling to find the bottom of a bear market on the anniversary of its $20,000 all-time record price high. At press time, the world’s largest cryptocurrency by market capitalization was trading at $3,230 on Bitstamp – down 83.5 percent from the record high of $20,000 reached on Dec. 17, 2017. BTC is also down 76 percent on a year-to-date basis (from its opening price of $13,880 on Jan. 1) and is on track to end its three-year winning streak. The picture, however, was remarkably different in…

Bear Market Forces Ethereum Startup to Trim 25% of Its Employees

boss

A blockchain startup that raised operational funds in Ethereum has come in the middle of what is known as the “crypto winter.” Status, as the project is called, recently announced that it has laid off 25% of its workforce citing economic scarcity. In a recently published blog post, the startup blamed this year’s extended bearish correction in the crypto market for their decision. It explained that over 1/3 of their total raised funds were in ether tokens, the Ethereum project’s native token, whose value plunged by over 80% since its…

Hit by Sanctions, Iranian Students in the UK Use Bitcoin to Bypass Banks

boss

News Before cryptocurrencies started to be widely used for speculation, they were first of all meant to be an unstoppable method for people to control their own money. A new example that this is still a needed use case comes from the U.K., where Iranian students have to bypass the banking system which they can no longer access due to sanctions. Also Read: Trump Chooses Bitcoin Advocate as Chief of Staff, Congressman Proposes Wall Coins University Students Turn to Bitcoin Back in early November, the U.S. successfully pressured the banking…

PR: Bitcoin Fork Bithereum Launches Coin to Revolutionize Cryptocurrency Mining

boss

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Dubai, UAE. – The Bithereum (BTH) team is officially launching their peer-to-peer (P2P) fork of Bitcoin centered around “Proof of Stake”, the future of Ethereum mining and blockchain consensus. The launch of Bithereum will occur around December 28th, or at Bitcoin block number 555,555. Based…

Bitcoin Price Analysis: BTC/USD Trends of December 17–23, 2018

boss

Photo: QuoteInspector Key Highlights: Consolidation is ongoing; bears were still in control of Bitcoin market; break out is imminent; BTC/USD Long-term Trend: Ranging Resistance levels: $3,726, $4,426, $5,070Support levels: $3,094, $2,261, $1,500 The cryptocurrency continues the ranging movement on the long-term outlook; the sideways movement of BTC price is not yet over as long as the Bitcoin price remains within the range of $3,726 resistance level and $3,094 support level. As predicted last week there was no significant movement on the BTC market. There was a slightly bearish push towards…