Only 375 Days Left for McAfee’s $1M Bitcoin Price Wager

As the end of 2019 approaches, it means there will be one year left for John McAfee’s infamous wager that said the price per bitcoin would “reach $1,000,000 before the end of 2020.” If the forecast doesn’t come to fruition, he said that he would eat his family jewels on television. At the moment, the price of BTC is 95% below McAfee’s prediction. Also Read: John McAfee Weighs in on Maximalism, Epstein’s Death, and ‘the Greatest Gift Since Fire’ John McAfee’s Infamous Bet In 2017, John McAfee made a bet…

Only 375 Days Left for McAfee’s $1M Bitcoin Price Wager

As the end of 2019 approaches, it means there will be one year left for John McAfee’s infamous wager that said the price per bitcoin would “reach $1,000,000 before the end of 2020.” If the forecast doesn’t come to fruition, he said that he would eat his family jewels on television. At the moment, the price of BTC is 95% below McAfee’s prediction. Also Read: John McAfee Weighs in on Maximalism, Epstein’s Death, and ‘the Greatest Gift Since Fire’ John McAfee’s Infamous Bet In 2017, John McAfee made a bet…

Bitcoin Price Breaches $7,400 Mark as Most Top-20 Coins See Gains

Sunday, Dec. 22 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) is breached the $7,400 mark again. Tezos (XTZ) is the only cryptocurrency among the top-20 that is seeing losses. Market visualization courtesy of Coin360 Bitcoin price is currently up by 3.36% on the day, trading at around $7,422 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 4.1%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today,…

This Trader Sees No Value in Ripple and Its Cryptocurrency XRP

Ripple, a company behind XRP cryptocurrency, became a $10 billion blockchain giant after raising $200 million in a funding round earlier this month. But according to one prominent trader, the San Francisco firm has no value. Tone Vays, a former Wall Street trader and vice president of JP Morgan Chase, criticized Ripple for sucking value out of the XRP cryptocurrency. The analyst said that Ripple is actively selling millions of dollars worth of XRP tokens to fund its operations. He added that Ripple has a “ridiculous financial advantage” over startups…

Top-5 Cryptos This Week: HT, BTC, TRX, NEO, LEO

Although sentiment drives prices in the short-term, fundamentals play a major role in determining long-term price action. However, many times, the price follows fundamentals higher with a lag. The crypto markets have an uncanny ability to surprise analysts by moving opposite to the general perception. As the year draws to an end, the focus will shift to the events of the next year. Bitcoin’s halving, the United States Presidential election and the United Kingdom’s Brexit, are just a few of the events that might influence crypto prices. Crypto market data…

These Myth-Busting Articles Dispel Common Bitcoin Myths

Recently, a few Bitcoin Cash (BCH) proponents have been writing a series of myth-busting articles that describe Bitcoin technicals generally thought to be true but which are not. The articles posted on the read.cash blog have reviewed topics like 10-minute confirmation times, SPV wallets, PoW energy usage, and rising network fees. Also read: Meet Snowglobe: An Avalanche-Based Pre-Consensus Protocol for BCH Bitcoin Myth-Busters BCH supporters have been participating in an editorial series called “Mythbusting” that aims to dispel wrong information about the Bitcoin protocol that’s been articulated by sophists throughout…

Real Bitcoin Double Spends Are Hard, Looking Into Alleged Issue

Bitcoin Cash (BCH) focused firm BitcoinBCH has potentially misled the public into believing that Bitcoin (BTC) double spends can be easily carried out. On Dec. 18, BitcoinBCH’s CEO Hayden Otto published a video on YouTube allegedly showing how TravelByBit’s Bitcoin Point of Sale (PoS) wallet misleads merchants into believing that they were paid before a transaction is actually concluded. Hayden Otto also runs a competing BCH-based PoS solution called Hula. Countering the claims In a recent interview, a TravelByBit representative said that merchants using its service are insured against fraud…

Regulatory Issues Need More Clarity in 2020

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Donna Redel is founder of Strategic 50, a consultancy dedicated women in business, and board member of New York Angels, an independent consortium of over 100 individual accredited angel investors. Having a big idea is great, but pushing forward and implementing it requires sustained attention to detail. Many of us see nearly limitless possibilities for cryptocurrencies and other blockchain applications, but that future will…

Beyond Storage: How Custody Is Evolving to Meet Institutional Needs

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Diogo Monica is president and co-founder of Anchorage, crypto’s premier custodian for institutional investors.  The last few years have seen the formation of many crypto-focused hedge funds and venture capital funds, whose collective assets under management total in the billions of dollars: institutional investors including Blockchain Capital, BlockTower, Paradigm and Polychain, among others. These funds know the blockchain ecosystem as well as anyone in…

Crypto Needs More Lighthouse Customers

This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Tony Sheng leads consumer venture investments at Multicoin Capital, an investment firm that invests in cryptocurrencies, tokens, and blockchain companies. Disclosure: Multicoin has invested in Tagomi, Bakkt, Torus, and holds MakerDao tokens at the time of publication.  Startups need users but getting users can be difficult if the startup offers something new and unfamiliar to the market. Users need to see how the startup’s product…