January 2, 2020

Bitcoin Fell in Q4 | Here are Key Factors to Watch in Q1

January 2, 2020 boss

2019 was a rollercoaster year for Bitcoin, as the world’s biggest cryptocurrency went on an incredible rally in the first half of the year, but then gave up some of the gains. The second half of 2019 proved to be particularly disappointing for the market as BTC failed to reach the heights that had been expected. Bitcoin ended the fourth quarter with a sequential loss of as much as 21.5%, and the fall in the second half of 2019 was pegged at over 33%. It is quite clear that things…

Carnegie Mellon University Sees $4M Pledge to Develop DeFi Research Program

January 2, 2020 boss

A former MakerDAO contributor and Carnegie Mellon alumnus has committed 10,000 MKR — valued at just under $4.3 million at press time — to his alma mater to develop a research program for decentralized applications. Who is giving what for what? Nikolai Mushegian announced the donation in a Jan. 1 post on his website. By his account, he already donated 3,200 MKR ($1.3 million) on the previous day and “informally committed” another 6,800 MKR ($2.9 million). In the post, the developer said that his goal for the donation is “to…

Central Bank Digital Currencies and US Dollar Dominance in 2020

January 2, 2020 boss

With 2019 vanishing in the rear view mirror, Markets Daily is back for an insightful look into Central Bank Digital Currencies (CBDCs) and the US Dollar’s ongoing reserve status. Tune in as CoinDesk podcasts editor Adam B. Levine and senior markets reporter Brad Keoun run down recent action, track interesting longer-term trends, and highlight the best “thinking with tokens” and some of the most important crypto industry developments of the day. No time to listen? Scroll down for the transcript with full links. Having trouble with the embedded player? You…

Here’s How Ex-Professional Poker Player Lost $500k in Crypto and Realized Meaning of Life

January 2, 2020 boss

Alex Copenhagen decided to come back to his YT channel dedicated to crypto and bring a new life to it. He will be posting new videos about business, self-development, lifehacks, interviews with entrepreneurs and more. He said that losing $500,000 in 2019 taught him important life lessons. Alex is sharing his story in a short video, sending out the hope that his data will be valuable for lots of crypto-related folks. Copenhagen got into cryptocurrency space in around 2013 when Bitcoin was worth around 200 dollars. When Bitcoin started crashing…

Here’s How Ex-Professional Poker Player Lost $500k in Crypto and Realized Meaning of Life

January 2, 2020 boss

Ethereum Could Soon Pump 100% To $260, According to Analysts

January 2, 2020 boss

A trio of analysts have predicted big gains for the number two cryptocurrency by market cap, Ethereum, in the next few months. One even suggested a replay of his 100% surge prediction from early last year, in a tweet on Jan. 01. Falling wedges break upside 68% of the time Last week, analyst Manu Naik pointed out that the ETH/USD 1-day chart was in a falling wedge. These break upside 68% of the time, he said, and $128 is at the lower limit. The falling wedge is still in play,…

Mainstream Media on Bitcoin in 2019

January 2, 2020 boss

In late 2017, Bitcoin piqued the interest of millions of people hoping to capitalize on the ongoing frenzy and, as a result, drew the attention of various traditional media outlets. The press seemed largely skeptical about the concept of decentralization but proceeded to report on Bitcoin’s erratic price movement. This year, as the space has become more regulated, cryptocurrencies saw a notably different kind of coverage. The industry’s Wild West days are over, and media outlets — most of whom were quick to bury Bitcoin at least once over that…

Panini launches blockchain collectables | CCG

January 2, 2020 boss

New collection of licensed sports trading cards will use same technology as Bitcoin to verify authenticity. Panini America will launch a new range of licensed trading cards featuring blockchain technology, the digital record of transactions that underpin cryptocurrencies such as Bitcoin. The blockchain trading cards will launch this month on www.paniniamerica.net and will be sold in an auction format in US dollars. Ten cards will be released each week, featuring Panini’s popular National Treasures design and 100 athletes from a variety of sporting leagues, including NBA stars Kobe Bryant,…

Why the Fed Needs to Start Issuing Digital Dollars

January 2, 2020 boss

In recent weeks, various central banks have indicated that they are exploring the possibility of issuing their own central bank digital currency, or CBDC. From Tunisia, which was at the center of false reports about the imminent launch of its own “e-Dinar” but confirmed it was studying the issue, to China, whose central bank appears to be on the verge of becoming the first to issue its own, called Digital Currency Electronic Payment system — central banks are starting to take digital currencies seriously. While central bank officials and alumni…

Bitcoin Record Hash Rate Means Just One Thing – Buy

January 2, 2020 boss

As we have already reported, Bitcoin (BTC) was for sure the best profitable investment in 2019. If we compare it to “more traditional assets” it still seems we are right: • Nasdaq: +33.98 percent• S&P 500: +30.80 percent• Dow Jones: +24.23 percent• Gold: +17.83 percent• Bitcoin: +96.81 percent Also, the network hash rate once again breached previous records as well. When looking at the data from numerous monitoring resources – it is sure that the hash rate was at its highest on the first day of the new year. The…