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Reddit Just Rolled Out an Ethereum-Based Crypto to Over 20 Million Users

Last month, as reported by NewsBTC, leaked screenshots suggested that Reddit was dabbling in Ethereum. Information shared by a user named “MagoCrypto” indicated that the giant social media forum with hundreds of millions of active users had attached an Ethereum address to the accounts of a limited set of users. Mago suggested that from the information he was given, Reddit was testing Ethereum-based ERC-20 tokens called “Community Points” that allow power users to access certain aspects of a community. UPDATE: Reddit’s blockchain-based points system confirmed to be on Ethereum, and…

Blockchain Bites: The Government Won’t ‘Kill DeFi’ but FATF Might Compromise Anonymity

Top Shelf Progress must keep pace with need. An overriding theme during day three of Consensus: Distributed was that the pace of technological development – driven by interconnected but diffuse organizations – must keep up with (or keep in mind) the needs of actual people and societies. “To solve a problem you need to see it first,” said Tyrone V. Ross, director of community at Altruist, a platform for financial advisors. Only by working directly with communities can organizations truly come to understand their financial needs.  There’s disagreement in and…

Enterprise Blockchain Market Will Hit $21.07 Billion By 2025, Says Fortune Business Insights

A new study from Fortune Business Insights, a company offering market studies and consulting services, estimates the blockchain technology market will reach $21 Billion by 2025, according to GlobeNewswire’s report on May 12.  It stated that:  “The blockchain technology market size stood at USD 1.64 billion in 2017, and is projected to reach USD 21.07 billion by the end of 2025 […] exhibiting a CAGR of 38.4% during 2018-2025.” Reasons behind the expansion The main reason for the growth of the global blockchain technology market, according to the Fortune Business Insights…

How To Invest In Cryptocurrency In 2020 Part 1

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China’s Central Bank Wants to Speed Up Blockchain Adoption

The People’s Bank of China, or PBoC, Financial Technology Committee held its first meeting of the year this week. During the meeting, the central bank’s deputy governor, Fan Yifei, urged that the country’s blockchain adoption strategy be accelerated. According to a report released by Sina on May 13, the bank’s deputy governor met with both PBoC officials and the heads of their affiliated financial companies. During the talks, Fan highlighted the importance of the blockchain and fintech industries, openly seeking to ensure that the country’s adoption plan will be successfully…

Ethereum Could See a Cascade of Liquidations as Long Positions Rocket

Ethereum has some immense weakness in recent times, severely underperforming Bitcoin and the aggregated crypto market as it continues struggling to garner any upwards momentum. Traders don’t seem to think that this lackluster price action will last for too much longer, however, as open interest for ETH has been rocketing higher throughout the past 12-hours. Data regarding the number of long positions on cryptocurrency trading platform Bitfinex also indicates that traders are widely expecting it to see a massive upside movement in the near-term. The number of Ethereum long positions…

Pantera Capital Founder on What He Learned From Missing Out on Ethereum

Dr. Steven Waterhouse, a founding partner of Pantera Capital, says that his biggest regret as a VC is not investing in the Ethereum (ETH) Initial Coin Offering (ICO), but he learned his lessons from his mistake. Waterhouse received his doctorate from Cambridge University back in 1997. He launched several successful ventures before joining Fortress Investment Group in 2013 where he rubbed shoulders with Mike Novogratz. Initially, the idea was to start a crypto fund within Fortress. When this did not work out, he became one of the founding partners of…

Sollte man jetzt in Bitcoin einsteigen? 5 Bullish Bitcoin Charts | deutsch

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Bitcoin Explodes Above $9,300 After Halving: What Do Analysts Expect Next?

Bitcoin has continued to rally higher since our last market update, recently retaking $9,300 for the first time since the crash on the morning of May 10th. Bitcoin’s price action from May 8 to today charted by TradingView.com. This strong recovery comes after Bitcoin fell as low as $8,100 due to a sell-off prior to the block reward halving, seen in the middle of the chart above. Here is what analysts expect for the cryptocurrency market next. Bitcoin Poised to See Short-Term Correction While many believe that Bitcoin’s long-term outlook…