June 2019

Ethereum Hits Milestone Amid Crypto Boom, Where’s ETH Going Next? –

June 30, 2019 boss

Ethereum Passes One Million Daily Txs Ever since Bitcoin (BTC) passed $10,000, Ethereum (ETH) and its altcoin brethren have fallen out of favor with crypto investors. You see, where the leading cryptocurrency heads will dictate the price action seen in the rest of the market. But, investors and analysts have begun to eye Ethereum — the second seat — once again, with news that the asset’s blockchain has seen a massive uptick in usage, an uptick that resulted in the achievement of a large milestone. As first spotted by crypto-friendly…

20,000 Bitcoin (BTC) Short Claimed on Bitfinex: Bullish or Bearish?

June 30, 2019 boss

Bitcoin Short Worth $200M+ Claimed On Sunday, a trader on Bitfinex claimed, not liquidated, 20,000 Bitcoin (BTC) worth of shorts — a position that was collateralized by over $200,000,000 worth of the cryptocurrency if unlevered. It is important to note that prior to the claim, there was a mass inflow of Bitcoin onto Bitfinex. For those unaware of the complexities of Bitfinex’s long-short trading system, the “claim” means that the trader (assumed to be one entity due to the speed of the claim) used funds in his/her/their margin wallet to…

Cryptocurrency Mobile App Downloads Stall Amid Price Surge: Report

June 30, 2019 boss

Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28 Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were 67 million, an increase of about 1.82%. This growth is not nearly as sharp as that reported in previous years, considering that the first half of 2017 saw 28.2 million crypto apps downloads from 2016’s…

Quantum Computing Vs. Blockchain: Impact on Cryptography

June 30, 2019 boss

The major selling point of blockchain and its applications is that cryptographically secured distributed ledgers are virtually “unbreakable” under normal circumstances, given the current state of computational technology. Its validity, however, is heavily dependent on the “state of technology” assumption. Should a paradigmatic shift in computing occur, contemporary blockchain-based systems may become vulnerable to threats not accounted for in their design. But how urgent is the threat of this happening any time soon? The strides that physicists have been making for the last three decades toward building an operational quantum…

Top-10 Industries Being Transformed by Blockchain

June 30, 2019 boss

After struggling to receive recognition of legitimacy within the mainstream zeitgeist during its sophomoric years, distributed ledger technology (DLT) now comprises the driving force behind a new wave of technological creative destruction. Today, we are going to take a look at some of the industries and processes that are most dramatically undergoing a transformation in response to the advent of blockchain technology. Food The opaque nature of global supply chains poses a significant challenge to efforts to ensure that the commodities, labor and inputs required to produce goods are from…

Why The “Inaccessible” Kleiman v Wright Bitcoin (BTC) Hoard May Be Bullish For The Market

June 30, 2019 boss

So is this net bullish for bitcoin (BTC) – Dr Craig S Wright says he can’t access the 1.1 million bitcoin ($12 billion at today’s prices) he is being sued for (actually half that amount) by the estate of his former business partner David Kleiman. That would mean that 1.1 million bitcoin will need to be added to the “lost” pile. Blockchain analytics and consultancy firm Chainalysis published a report in 2017 that put the figure for total lost coins at anything between 2.78 and 3.79 million, a huge chunk…

Why The “Inaccessible” Kleiman v Wright Bitcoin (BTC) Hoard May Be Bullish For The Market

June 30, 2019 boss

25 Bitcoin Transactions Worth $6 Billion Included in One Block

June 30, 2019 boss

Several high-value bitcoin (BTC) transactions were included in a single block on June 30. Bitcoin Block Bot, a Twitter account dedicated to reporting significant bitcoin (BTC) transactions reported that 25 bitcoin transactions worth $6 billion were included in block 583,139 on June 30. Cryptocurrency news outlet AmbCrypto reported that all the transactions formed a bigger, linear transaction. Wallet 1 initiating the transaction sent 24,392.93062596 BTC to wallet 2, and 300 BTC to wallet 3. This last address received a total of 5,800 BTC, and was a receiving wallet in all…

Why Bitcoin (BTC) Hitting $100,000 is Possible According to a Binance Exec

June 30, 2019 boss

By many measures, the recent Bitcoin (BTC) bull run has just started. Despite being early on in this market cycle though, crypto investors have already begun to look ahead, speculating as to where certain digital assets will top out. Related Reading: Economist Flips From Bitcoin Skeptic to Savant, Acknowledges Crypto’s Staying Power Due to Bitcoin’s hegemony, most have focused their sights on the leading cryptocurrency, because as some see it, where BTC tops is where altcoins will. And according to a Binance executive, Bitcoin still has lots of room to…

Amid Strengthening Fundamentals, Bitcoin’s Best Is yet to Come

June 30, 2019 boss

Bitcoin’s (BTC) hash power just crossed 65 EH/s to break its previous high for network hash power. Unspent transaction outputs (UTXO) have also been steadily rising, along with mining revenue on BTC higher than ever, and the bull cycle is only just starting. In this article, BTCManager explores the growing fundamentals and the imminent explosion of the pioneer cryptocurrency Lining up the Dots There are so many different aspects that build up BTC’s investment thesis for the upcoming year. With the halving less than 12 months away and fundamentals bursting…