Bitcoin is a ‘Black Box’ — I Won’t Invest in it: Analyst Gary Shilling

Renowned investor Gary Shilling believes Bitcoin is a black box. And he prefers to stay away from it. Speaking to Business Insider, the American financial analyst admitted that the digital currency is too opaque and complicated for him to invest in — and he will not invest in anything that he does not fully understand. Shilling also clarified that while he had attempted to learn about bitcoin’s economic model, he eventually found that the asset is “not transparent,” primarily because its creator Satoshi Nakamoto remains unidentifiable. “I’m just very suspicious…

New Full Node Client ‘Bitcoin Verde’ Joins the BCH Ecosystem

Technology Bitcoin Cash (BCH) supporters were greeted on Thursday by another new full node client, library and blockchain explorer for the BCH chain called Bitcoin Verde. The creator of Verde says it is a ground-up implementation of the BCH protocol and the project has a few different aspects than the wide variety of full node clients used today. Also read: 10 Years Ago Bitcoin’s Genesis Block Changed the Course of History The Full Node Project Bitcoin Verde When Satoshi first created the Bitcoin protocol 10 years ago, the program was created…

Tron Price Analysis: TRX Well Positioned for 4 Cents, BitTorrent Tokenize

Latest Tron News Stellar and Tron Twitter armies may be feuding, but the truth is that these two platforms have different objectives. Like we have mentioned before, Tron is working overtime, drafting engineering and opening virtual offices across the world as they strive to create a blockchain based free content entertainment system. Their goal is to decentralize the web, create an internet of value where users can launch dApps and run smart contracts in a reliable, cheap and fast platform. By coming true and hitting milestones, the rise of TRX…

American Economic Association Holds Presentations on Crypto, Blockchain

The American Economic Association (AEA) will host four dedicated presentations of cryptocurrency and blockchain research today, Jan. 4, as part of its ongoing annual meeting. The session, dubbed ‘Blockchain and Tokenomics,’ will cover four academic papers from various sources. It will be hosted by the academic group the Econometrics Society and chaired by Lin William Cong, assistant professor of finance at the University of Chicago Booth School of Business. The AEA is a major entity within the sphere of United States economics and beyond, and publishes the well-known journal the…

Crypto Markets See Mild Downturn, Bitcoin Holds Near $3,800

Friday, Jan. 3 — after crypto markets tipped back into red yesterday, most cryptocurrencies are today seeing some further corrections. All of the top twenty coins by market cap are seeing tempered losses on the day, as data from CoinMarketCap shows. Top cryptocurrency Bitcoin (BTC), a day after the tenth anniversary of its genesis block, is down over 2 percent over the 24 hours to press time, and is currently trading around $3,798. The coin has failed to break back above the $4,000 price point, despite several bursts of growth…

Bitcoin Price Analysis: BTC Bullish Above $3,700, Overstock Path Paving

Latest Bitcoin News Aside from Bakkt, the never-ending wait for US SEC to comment or even approve Bitcoin ETF, the crypto and Bitcoin sphere is bereft of market-moving news. True, there are essential updates from time to time and what dominates right now is Overstock plans of “paying” their commercial activity taxes (CAT) using Bitcoin in the US State of Ohio. In a statement, the founder of Overstock, Patrick M. Byrne said: “The Company is proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help…

XRP Liquidation, Venture Capitalist Optimistic

Latest Ripple News The crypto market may be reeling from the pounding of last year, but Fred Wilson, a Managing Partner at Union Square Ventures, is optimistic. In his view, he expects the expansion of the global market to buoy cryptos helping actualize dashed promises of 2018. Citing potential market-moving macros as a slowdown in economic activity in China and geopolitical factors as a possible premature end of Donald Trump’s presidency and Brexit, the venture capitalist said these events will generate volatility, further galvanizing cryptos as safe-havens in the process…

Ripple Price Analysis: XRP Liquidating Below 40 Cents, Venture Capitalist Optimistic

Latest Ripple News The crypto market may be reeling from the pounding of last year, but Fred Wilson, a Managing Partner at Union Square Ventures, is optimistic. In his view, he expects the expansion of the global market to buoy cryptos helping actualize dashed promises of 2018. Citing potential market-moving macros as a slowdown in economic activity in China and geopolitical factors as a possible premature end of Donald Trump’s presidency and Brexit, the venture capitalist said these events will generate volatility, further galvanizing cryptos as safe-havens in the process…