While the cryptocurrency is losing ground, the number of bullish bets, as represented by the BTC/USD long positions on Bitfinex, have jumped to a record high of 44,523 contracts, surpassing the previous high of 40,193 reached in March 2018. Meanwhile, short positions have remained stuck largely in the 5,000–8,000 range. Source
Bitcoin (BTC) investors and mainstream consumers are paying more attention to the cryptocurrency’s block reward halving in May 2020. According to data from Google Trends on Dec. 17, worldwide searches for “Bitcoin halving” have significantly increased in the course of 2019, over a year before the halving occurs. BTC halving can provide bullish narrative Within the context of the past five years, interest is palpably higher, with only a brief period around the previous halving in 2016 seeing higher global search volumes. By contrast, results for “Bitcoin” have declined in…
Junji Oshita president and CEO of AXEL MARK Inc & Developer of the blockchain game “CONTRACT SERVANT – CARD GAME-” Kazuyuki Tanaka was interviewed by Yuki Haraguchi from Coinpost. I interviewed Junji Oshita, president and CEO of AXEL MARK Inc., developer of the blockchain game “CONTRACT SERVANT – CARD GAME-” and Kazuyuki Tanaka, game producer, to find out why they launched a business in the blockchain game industry, their challenges, and future prospects. AXEL MARK Inc. was listed on TSE Mothers in 2008. It plans, develops, and operates smartphone games,…
The bitcoin price has fallen by 50 percent since July from $13,900 to sub-$6,900. The steep drop caused mining to be less profitable, causing small miners to sell-off. Bad idea to long dropping bitcoin hashrate During miner capitulation, small miners and mining centers tend to sell-off their holdings to cope with declining market sentiment. Large miners have bigger capital and long-term commitments. As such, the capitulation often only impacts minor miners. Still, Charles Edwards, head of digital asset management at Capriole, said that it is a bad idea to long…
When I look at the next decade of blockchain-based systems and decentralized protocols, I see far less focus on the asset class, and far more focus on operating progress within the chassis of human technology. To build a capital markets business that treats software units of bitcoin, ethereum and the rest as financial instruments is a great first goal. I would posit that we are already there. From custody to exchanges to broker/dealers, and eventually integrated robo-advisors and fintech apps – this stuff is being solved fast, and by companies…
Two Canadian men who defrauded a Bitcoin (BTC) investor out of $140,000 by impersonating exchange HitBTC may serve two years in prison. According to court records on Dec. 16, brothers Jagroop Singh Khatkar and Karanjit Singh Khatkhar pled guilty to charges of conspiracy to commit wire fraud over a scam carried out via Twitter in July 2018. HitBTC victim: “I feel sorry for them” The case originally came to light in July this year, as per documents filed with the United States District Court in Portland, Oregon. Posing as the…
Nevertheless, the Conflux Incubation Center aims to invite developers and entrepreneurs to build decentralized applications (dapps) on the public permissionless blockchain developed by the firm. Like bitcoin and ethereum, that blockchain is public, so anyone can participate, and it uses a similar proof-of-work mechanism to reach consensus on the state of the ledger and to secure the network. Source
Cryptocurrency entrepreneur John McAfee says he will stop promoting individual coins to focus on his presidential bid — but already knows he will not win. In a series of tweets beginning on Dec. 14, McAfee, who has built a large following among crypto users, claimed that championing individual projects in the space took up too much of his time. “I’m no longer doing crypto promos,” one post summarized. Elsewhere, McAfee was keen to note he was not retiring from cryptocurrency completely: “People ask why I am no longer doing Blockchain…
Two Russian citizens are being prosecuted for allegedly targeting computers at state organizations to illicitly mine cryptocurrency. The two unnamed individuals purportedly infected the hardware with a program that mines cryptocurrency via a web browser, local media agency Tass reported on Dec. 16. One of the suspects, a resident of the city of Kurgan, is reported to have created an extensive botnet to infect computers across various regions of the country. The second suspect reportedly focused his mining operations on hardware at the state water utility JSC Rostovvodokanal. Mining can…
“We’re processing of many of these transactions already, leading the way with AI, analytics and automation to get to a more streamlined processing,” Melanie Cutlan, managing director of blockchain services for Accenture Operations said. “With DLT, Accenture has been focused on financial services infrastructure, supply chain and digital identity – this hits the core of all three of those.” Source link