Day: December 23, 2018

What’s Behind The Ethereum (ETH) Price Surge?

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Although many are impressed by Bitcoin’s stellar performance in the past week, with the asset moving from a year-to-date low at $3,150 to a multi-week high of $4,200 within a few days’ time, Ethereum (ETH) outperformed the flagship cryptocurrency within the same time frame. More specifically, according to data compiled by Live Coin Watch, Ether moved from $85 to $130 (current price) over the past seven days, a jaw-dropping 50% gain if my napkin math serves me right. To give this price action some perspective, over the past week, the…

Bah Humbug: The Biggest Lumps of Crypto Coal in 2018

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Bah Humbug: The Biggest Lumps of Crypto Coal in 2018 December 23, 2018 by William Peaster The cryptoeconomy saw its share of downs, drama, and general naughtiness in 2018. Lest we forget, let’s take a look back at the biggest lumps of crypto coal on the year.  Also read: ConsenSys to Shrink With Ether Price, Lubin Remains Upbeat Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts 1) The TRON Whitepaper Plagiarism Scandal This past January, the English version of the TRON (TRX) whitepaper was blasted over numerous…

Investors Lost Homes as Bitcoin Crashed, Are Stocks the Same?

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Sky News, a British TV station and mainstream media outlet, reported that investors lost homes as the Bitcoin price crashed. But, the same argument can be applied to the stock market, real estate, and every other major market. The report claimed that investors put up their homes as collateral to receive loans and invest in Bitcoin. As the price of Bitcoin dropped, their homes were taken away along with their assets. The report read: Married men accessed equity through their family homes, and often – whether because they felt they…

Bloomberg: Wall Street Putting A Pause On Bitcoin Foray

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While 2017’s narrative in the crypto industry was undoubtedly the initial coin offering (ICO) craze, 2018’s was evidently the advent of Wall Street participants. And while strides were made with institutional involvement, with Nasdaq and the Intercontinental Exchange (ICE) both openly backing crypto assets, Bloomberg has claimed that efforts to bring Bitcoin to Wall Street remain in “limbo.” Institutions Putting A Pause On Bitcoin Amid “Crypto Winter” Since a majority of retail investors fled crypto as the “bubble” unwound, those left standing have sought a light at the end of the…

Markets Update: Bitcoin Cash Gains More Than 140% This Week

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Market Updates Cryptocurrency markets have been bullish lately as most of the top digital asset prices have seen decent gains over the last week. The overall market capitalization of all the coins in existence is roughly $132 billion this Sunday and global trade volume has increased significantly considering it’s the weekend before the holidays with $20 billion traded over the last 24 hours. Also read: Everything You Need to Know to Start Trading Cryptocurrencies Cryptocurrency Bulls Still Have the Reigns On Sunday, Dec. 23 the day before Christmas Eve, there’s…

Does the Video Game Industry Really Need Blockchain?

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No. You may have expected a different answer to come from a blockchain video game developer, but that’s the truth. Gaming does not need blockchain. In fact, there are a lot of great features that gaming doesn’t need. Games did just fine before online multiplayer was available, or before the quicksave option became popular – do games need those things to be successful? Not necessarily. Different features suit different games, and the industry is constantly evolving to create the best, most innovative, most immersive gaming experience possible. Scot Kinney is…

SBI Holdings’ Crypto Exchange Vctrade Accepts Bitcoin, Ethereum, Ripple Deposits

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Vctrade, a crypto exchange recently launched by Japanese financial giant SBI Holdings, has implemented Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) deposits. The company has revealed this in a press release published Dec. 21. The announcement further notes that the exchange — which was launched in July — is considering adding Bitcoin Cash (BCH) deposits after further evaluation of the cryptocurrency. SBI has also explained that cryptocurrency withdrawals will not be available until late January 2019, and will be limited to a hardware wallet that the company refers to as…

Bitcoin Cash, IOTA, TRON, Bitcoin SV, DASH

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Cryptocurrencies as an asset class are maturing and carving out their own niche. While the equity markets had their worst week in the past 10 years, the crypto markets have bounced sharply from their lows, showing first signs of a recovery. However, after the massive destruction of wealth this whole year, it will take more than a bounce to confirm the start of a new uptrend. Though these bounces are a good opportunity for short-term traders, the investors need to look for large bottoming formations which signal the beginning of…

ConsenSys to Shrink With Ether Price, Lubin Remains Upbeat

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ConsenSys to Shrink With Ether Price, Lubin Remains Upbeat December 23, 2018 by Paul de Havilland Brooklyn-based blockchain software company ConsenSys is reported is to be looking to axe up to 60 percent of its workforce loose, although the accuracy of that reporting has been questioned. Amid a broader slump in the value of ether and the crypto market generally, ConsenSys founder Joseph Lubin could be looking to tighten the belt to stay afloat, even if the reporting of the extent of the cuts may be overblown. Also read: Russia Moves…

Report: Crypto volume among the strongest indicator of price

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In the early days of crypto, trading was pegged on personal hunches as to where the price of a particular cryptocurrency will be next. But, according to a recent survey crypto volume carries the biggest indicator of what to expect next n terms of prices. Before fully committing to trade, traders have gathered all sorts of signs and indicators for them to be sure that they trading at a lower price while a higher price could be next. However, the survey revealed that crypto volume is the largest factor any…