Day: February 5, 2020

Bitcoin Hedge Argument Growing Stronger With Time, Says Pomp

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Anthony Pompliano, Co-Founder of digital asset management company Morgan Creek Digital, said his view of Bitcoin (BTC) as a global hedge has solidified over time.  “I think it’s always been part of the conversation,” Pompliano told Cointelegraph in a Jan. 30 interview on his notion of Bitcoin as a traditional market hedge over the years.  The expert expressed a growing assurance in this concept of Bitcoin as a global hedge as supporting evidence continues to present itself. “The more data you get, the more that you can believe something,” he…

Crypto Goes IPO — Ripple Could Lead the Blockchain Industry’s Charge

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2020 could be the year that crypto companies step forward and take the plunge into going public. As the biggest players in the industry cautiously watch for opportunities to gain regulatory approval, Ripple CEO Brad Garlinghouse used the prestigious Davos World Economic Forum summit to announce that the firm was considering an initial public offering later on in the year.  Crypto companies looking to go public face a paradox. Financial firms often have to meet stringent regulatory standards. Failing to adequately reassure regulators can result in companies being frozen out…

Crypto Goes IPO — Ripple Could Lead the Blockchain Industry’s Charge

boss

2020 could be the year that crypto companies step forward and take the plunge into going public. As the biggest players in the industry cautiously watch for opportunities to gain regulatory approval, Ripple CEO Brad Garlinghouse used the prestigious Davos World Economic Forum summit to announce that the firm was considering an initial public offering later on in the year.  Crypto companies looking to go public face a paradox. Financial firms often have to meet stringent regulatory standards. Failing to adequately reassure regulators can result in companies being frozen out…

ICE Announces Software Platform Acquisition for Upcoming Bakkt App

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The Intercontinental Exchange, or ICE, owner of the New York Stock Exchange, announced plans to acquire software service Bridge2 in preparation for an app launch from ICE’s subsidiary, Bakkt.  Bakkt’s app will host a bevy of assets, such as loyalty rewards from various businesses, as well as crypto assets, although the app will not be blockchain-based, a representative from Bakkt told Cointelegraph in a Feb. 5 email. The representative clarified that assets such as loyalty points and coupons will not be transferable off the platform. “While all assets in the…

Telegram Drops Technical White Paper for Blockchain SEC Is Trying to Halt

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Telegram, the messaging app company currently facing a legal fight with the U.S. Securities and Exchange Commission over its $1.7 billion token sale, revealed more details about the technical specifications underpinning its TON blockchain Wednesday. A new white paper details the block validation process for its blockchain, describing it as a Byzantine Fault Tolerant protocol custom-built for proof-of-stake networks. The company was sued by the SEC last year on allegations it sold unregistered securities during the pre-sale of its upcoming gram tokens, the native cryptocurrency for TON. However, this litigation…

Blockchain Charity Platform to Fight Against the Coronavirus Outbreak

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Hyperchain’s Feb. 4 press release announced the launch of its blockchain-based platform to fight against the coronavirus epidemic. It will serve as a medical supply donations portal to support hospitals in central China. The recent outbreak of coronavirus has killed more than 400 people in mainland China. The entire country and Chinese citizens overseas have been mobilized to donate. But doctors are still not getting enough crucial medical supplies. Red Cross China has come under fire for failing at delivering the urgent supplies to the front line hospitals.   Together with…

Bitcoin Achieves Major Milestone With Half a Billion Transactions Confirmed

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The Bitcoin network has surpassed 500 million transactions since going live over 11 years ago.  According to blockchain analytics site Statoshi, there have been half a billion transactions on the Bitcoin blockchain as of press time.  Source: Statoshi Crypto firm Casa CTO Jameson Lopp, co-founder & CTO site Statoshi celebrated the milestone on Twitter, saying: “Today, as of block 00000000000000000001145bf2e7cb7f04df55feaf3b55d9f6511522bbbf333f at height 616064, Bitcoin surpassed 500 million transactions confirmed on the blockchain.” From the First Bitcoin Transaction to Today’s Milestone The first-ever Bitcoin transaction took place on Jan. 12, 2009.…

Price Analysis Feb 5: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ADA, XTZ

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Bitcoin’s dominance continues to drop as altcoins outperform the largest cryptocurrency. Although Bitcoin has rallied about 33% year-to-date, its dominance has dipped to 64.40%,  its lowest level since July 2019. This shows that altcoins have continued to outperform Bitcoin. However, with the Bitcoin halving fast approaching, the digital asset’s volatility is likely to pick up. Tom Lee, co-founder at Fundstrat Global Advisors, has again turned ultra bullish on Bitcoin and expects a rally to about 200% in the next six months. According to him, historically, whenever Bitcoin has broken above…

What All These VC Deals and Acquisitions Say About the State of the Crypto Markets

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If venture investments and acquisitions provide a window into the sentiment in markets, boy, did we get a big dose of information today.  We also look at a set of acquisitions, including a ConsenSys acquisition poised to get the company in the $3.8 trillion municipal bond space, a Bakkt acquisition poised to get it ready for a consumer app that includes more than just cryptocurrencies and an attempt by Bakkt-parent ICE to buy eBay for north of $30 billion.  Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the…

Exchange Deposits in Bitcoin Slide to Lowest Level in 3 Years

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The number of bitcoin on-chain deposits has dropped sharply over the last six months, indicating a strong optimistic or “HODLing,” sentiment in the market.  The seven-day average of the number of transfers to exchange addresses, or unique daily exchange deposits, fell to 23,986 on Jan. 1. That’s the lowest level since November 2016 and comes after topping out at 58,925 at the end of June 2019, according to crypto analytics firm Glassnode. The number has since inched up to 27,289 as of Feb. 4. Exchange deposits and priceSource: Glassnode Notably,…