Month: May 2019

Bitcoin Holds Over $8,000 as Top Altcoins See Minor Losses

boss

Saturday, May 25 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) still holds over the $8,000 mark, with minor gains on the day. Market visualization courtesy of Coin360 Bitcoin is a fraction of a percent up on the day, trading at $8,025 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up about 9.4%. Bitcoin 7-day price chart. Source: CoinMarketCap Ether (ETH) is holding onto its position as the largest altcoin by market cap,…

Facebook Globalcoin: Bitcoin Killer or Bitcoin Multiplier?

boss

It may sound like a 2014-era shitcoin, but Globalcoin is this year’s most anticipated new digital asset. It doesn’t matter that it’s not decentralized, not permissionless, and not even crypto. The only question that really matters is what does Facebook’s currency spell for bitcoin? Will it steal its thunder or accelerate bitcoin adoption? Also read: Traders Are Now Banned From Using Localbitcoins Exchange in Iran Globalcoin: Coming Soon to a World Near You If Mark Zuckerberg had hoped to convince the world that he’s a normal guy, and not a…

Why the World’s Largest Bitcoin Exchange is Fighting a VC Behemoth

boss

Changpeng Zhao has filed a claim for compensation against Sequoia Capital (China) for unfairly preventing him from raising funds for Binance, which has since become the biggest crypto exchange in the global market. The chief executive blamed the venture capital firm for falsely accusing him of breaching exclusivity by initiating parallel discussions with a competition for equity. Zhao said that Sequoia received a December 2017 injunction order in an ex parte procedure without cautioning him, and consequently named him as a claimant in a notice for arbitration filed later in January 2018. 2/…

Why the World’s Largest Bitcoin Exchange is Fighting a VC Behemoth

boss

Changpeng Zhao has filed a claim for compensation against Sequoia Capital (China) for unfairly preventing him from raising funds for Binance, which has since become the biggest crypto exchange in the global market. The chief executive blamed the venture capital firm for falsely accusing him of breaching exclusivity by initiating parallel discussions with a competition for equity. Zhao said that Sequoia received a December 2017 injunction order in an ex parte procedure without cautioning him, and consequently named him as a claimant in a notice for arbitration filed later in January 2018. 2/…

ICO Sector Signals Uptick After Crypto Winter

boss

The initial coin offerings (ICO) sector is showing signs of an uptick due to positive investor sentiment, apparently spurred by the recent crypto market rally. The data was revealed in a new report from token rating platform ICObench, shared with Cointelegraph on May 25. Providing data as of May 21, the report notes that the success rate of ICOs has increased, ostensibly reflecting a rise in projects’ quality. 85% of total funds raised so far in May reportedly belong to projects with a high (3-3.5) rating — as compared with…

Could Bitcoin Reach $100,000 in 2020? This Indicator Says Aye

boss

Bitcoin is about to get a lot more expensive than it is today, according to Dr. Julian Hosp. The author of ‘Cryptocurrencies Simply Explained‘ evaluated bitcoin’s future performance based on a textbook indicator that measures abundance in commodity markets. Titled Stock-to-Flow Ratio, the index measures the amount of an asset held in inventories (stock) with its annual production rate (flow). Overall, the ratio describes how much time it would take the Stock to reach the Flow. Dr. Hosp noted that it would typically take 62 years for available gold to reach from…

Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

boss

Photo: Michael Novogratz / Twitter Major Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin. During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said: “This is hard to do because there is just one more stored value of…

Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

boss

Photo: Michael Novogratz / Twitter Major Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin. During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said: “This is hard to do because there is just one more stored value of…

Bitcoin Bulls Count on 2020 Halving to Give BTC Price Massive Push: Bloomberg

boss

Bitcoin halving takes place every few years to prevent Bitcoin value from inflation, analysts and bulls point out that after each of those events Bitcoin price experienced a substantial rally Halving or ‘halvening’ happens every few years – as soon as new 210,000 blocks are mined. When it takes place, the rewards of miners are cut down in half. As per the recent Bloomberg article, crypto bulls are already rubbing their hands in anticipation. Bitcoin miners’ reward will diminish The reason is that after the previous two halvings Bitcoin quotes…

Facebook Reportedly in Talks with Gemini’s Winklevoss Twins

boss

Photo: PxHere Several reports since the beginning of 2019 have hinted that the social media giant Facebook is working on its crypto plan. But a recent report from the Financial Times suggests that Facebook is reportedly in talks with Winklevoss twins, the founders of popular cryptocurrency exchange Gemini. Well, this is certainly interesting considering the hostility the Winklevoss’ have shared with Zuckerberg. Once upon a time, the twin brothers had filed a lawsuit accusing Zuckerberg of stealing their social network idea. However, it seems that both the parties have decided…