Day: March 30, 2019

Experts: Ethereum Losing Ground to New Networks

boss

The Ethereum network is  losing ground as developers switch to other projects, various experts told Bloomberg on March 28. Ethereum, which debuted in 2015, initially provided a platform on which developers could build decentralized apps (DApps), conduct initial coin offerings (ICOs) and write smart contracts. Many saw it as being the successor to Bitcoin (BTC). According to Bloomberg, developers are now opting for other platforms like EOS and Stellar. In January, only 28 percent of DApps users were on the Ethereum network, while the EOS network saw 48 percent and…

Crypto Bear Market Provides Opportunity For Major Corps, As CP Group Acquires Omise

boss

The crypto bear market has been the longest on the record books, causing most cryptocurrencies to decline in value by 85% or higher. While the flight of capital from the crypto market has been brutal for retail crypto investors who bought in at the height of the hype bubble, the bear market has proven to be a unique opportunity for corporations seeking to enter the blockchain or cryptocurrency arena. The latest example of this was demonstrated by the acquisition of Omise, by Thailand’s wealthiest company, CP Group. CP Group is…

Sharp Bitcoin Rally in 2019 Unlikely: Analyst

boss

The chance of Bitcoin (BTC) recovering to its former five-digit highs this year is unlikely, a trading expert told MarketWatch on March 29. While 2018 was a bear year throughout, in November a massive sell-off saw the valuation of major coins crash by double-digit percentages, with Bitcoin dropping below $5,600 for the first time that year. Options trading — which allows traders to bet on whether the price of an asset will reach a certain level — has reportedly been gaining traction in the cryptocurrency space. Emmanuel Goh, a former…