Day: May 5, 2019

Crypto VCs: Altcoins Will Die As Bitcoin (BTC) Nears $100,000

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Altcoins May Die When BTC Rallies While there have been a number of calls for an altseason and the death of Bitcoin, BTC has begun to outperform its crypto peers yet again, posting gains when altcoins suffer. As of the time of writing this, Bitcoin dominance sits at a hefty 55.8%, up from lows of around ~35% at the peak of 2018’s bubble. One venture capital group, Heisenberg Capital, led by anti-establishment proponents and (very) early cryptocurrency adopters Max Keiser and Stacy Herbert, says that Bitcoin’s hegemony may continue to…

CoinMarketCap Looks to Repair Tainted Image with More Trustworthy Data

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By CCN: Started as a side project in May 2013 by a lone developer in a Queens, New York apartment, CoinMarketCap celebrated its six-year anniversary last week. The website, which keeps track of the market capitalization of bitcoin and more than 2,100 altcoins, commemorated the milestone with a few announcements. The changes come on the heels of the crypto data market site coming under fire for reportedly relying on faulty data when calculating exchange trading volume. CMC will be working to create a more rigorous and robust philosophy for what data it…

Putting an End to the Bitcoin Store of Value Fallacy

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Over the last few years, many have claimed that bitcoin core (BTC) has turned into, or will soon become, a store of value (SoV). Proponents of the BTC-based SoV theory seem to think that money can somehow store value and if it’s held long enough, the price will be higher or predictably useful when spent at a later date. This is an economic fallacy however because money cannot store value and, as innovative as bitcoin is, it will never be immune to market influences. Also Read: Memo Is a Decentralized…

Analyst: If Bitcoin Holds Above The $5,500 Region, A ‘Megamoonsoon’ May Soon Grace Crypto

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While the upward price pressure has slowed, resulting in Bitcoin (BTC) posting a mere 0.15% gain in the past 24 hours, some are sure that the cryptocurrency’s chart structure remains bullish. Murad Mahmudov, a founding partner at up-and-coming crypto fund Adaptive Capital, recently broke down his reasoning as to why BTC holding above the $5,500 region could be “quite bullish.” Related Reading: Analysts Believe Bitcoin May Continue Dipping Lower Before Surging to $6,500 The Bitcoin Megamoon Soon In a 22-part Twitter thread posted Saturday, Mahmudov, who has risen to prominence…

Analyst: If Bitcoin Holds Above The $5,500 Region, A ‘Megamoonsoon’ May Soon Grace Crypto

boss

While the upward price pressure has slowed, resulting in Bitcoin (BTC) posting a mere 0.15% gain in the past 24 hours, some are sure that the cryptocurrency’s chart structure remains bullish. Murad Mahmudov, a founding partner at up-and-coming crypto fund Adaptive Capital, recently broke down his reasoning as to why BTC holding above the $5,500 region could be “quite bullish.” Related Reading: Analysts Believe Bitcoin May Continue Dipping Lower Before Surging to $6,500 The Bitcoin Megamoon Soon In a 22-part Twitter thread posted Saturday, Mahmudov, who has risen to prominence…

Bitcoin ‘Dementia’ Patients Worship Judas Iscariot

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By CCN: Billionaire pals and colleagues Warren Buffett and Charlie Munger doubled-down on their bitcoin haterade at the 2019 Berkshire Hathaway annual shareholders meeting. Munger said bitcoin fans had invited him out for a drink this weekend, but he didn’t even consider it because he thinks they’re all traitors. “I’ve been invited during this gathering to go to a happy hour put on by the bitcoin people. And I tried to figure out what the bitcoin people do in their happy hour and I finally figured it out: They celebrate…

Decentralized BCH Exchange and a New Giveaway in the Weekly Update From Bitcoin.com

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Decentralized exchange Bisq gets forked for bitcoin cash (BCH) and the r/BTC subreddit reaches 250,000 subscribers. In addition to learning about the latest developments, you can also take part in a new giveaway in this week’s video update from Bitcoin.com’s Youtube channel. Also Read: Memo Is a Decentralized Social Network Built on Bitcoin Cash Special Giveaway in Bitcoin.com’s Weekly News Update This week’s show covers the subreddit which was created to support free discussion of Bitcoin in the face of censorship in other forums, r/BTC, reaching a milestone of over…

Bitcoin Price Teeters on Brink of Brutal ‘Panic-Driven’ Crash

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By CCN: According to prominent technical analysts including Peter Brandt and DonAlt, the bitcoin price is facing strong resistance at around $6,000 and is vulnerable to a correction in the short-term. “Just an opinion — there is a chance BTC is topping here, having met its price target at key resistance. A correction could occur before another move toward 6500, then a more significant correction,” Brandt said. Brandt’s forecast comes after the bitcoin price has surged by 10 percent within the past week against the U.S. dollar, demonstrating strong momentum.…

Bitcoin Price Teeters on Brink of Brutal ‘Panic-Driven’ Crash

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By CCN: According to prominent technical analysts including Peter Brandt and DonAlt, the bitcoin price is facing strong resistance at around $6,000 and is vulnerable to a correction in the short-term. “Just an opinion — there is a chance BTC is topping here, having met its price target at key resistance. A correction could occur before another move toward 6500, then a more significant correction,” Brandt said. Brandt’s forecast comes after the bitcoin price has surged by 10 percent within the past week against the U.S. dollar, demonstrating strong momentum.…

Ethereum Development Keeps Pace With Crypto Boom: Proof of Stake Is On Its Way

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As the price of Bitcoin (BTC) and other crypto assets have boomed, so have the underlying fundamentals of this embryonic space. Reports have revealed that Ethereum (ETH) may soon transition to the early stages of Proof of Stake (PoS) integration, ensuring scalability is on its way. Ethereum Phase Zero Could Be Finalized In June In March, Vitalik Buterin, the Russian-Canadian founder of Ethereum, took to the stage of Token2049, a blockchain event in Hong Kong, to talk all things about his brainchild. He first explained that Serenity could simply be…