May 19, 2020

Nic Carter: The Last Word on Bitcoin’s Energy Consumption

May 19, 2020 boss

CryptoX columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup. Much ink has been spilled on the question of Bitcoin’s energy footprint. But amid the clarifying details and the energy mix calculations we have lost sight of the most important questions. Anyone who wades into this muddy debate must consider the fundamentals before making a final assessment. Energy: a local phenomenon Let’s start with the basics. Many people, when decrying Bitcoin’s energy…

Nic Carter: The Last Word on Bitcoin’s Energy Consumption

May 19, 2020 boss

CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup. Much ink has been spilled on the question of Bitcoin’s energy footprint. But amid the clarifying details and the energy mix calculations we have lost sight of the most important questions. Anyone who wades into this muddy debate must consider the fundamentals before making a final assessment. Energy: a local phenomenon Let’s start with the basics. Many people, when decrying Bitcoin’s energy…

BitMEX Briefly Goes Offline Amid Legal Problems

May 19, 2020 boss

Major Bitcoin (BTC) derivatives exchange BitMEX went offline earlier on May 19, citing trading engine failure. The platform was inaccessible for a brief time, and is currently back online as of press time. “The BitMEX Trading Engine is currently down,” the company tweeted around 12:45 UTC time. Around 25 minutes after the initial announcement, Bitmex released an update, claiming that “all funds are safe, delayed orders will be rejected, and no liquidations will occur during downtime.” BitMEX went back online around 13:30 UTC time, initially in cancel only mode, meaning…

Hybrid Blockchain Maker Kadena Adds Chainlink Price Feeds

May 19, 2020 boss

Kadena is now integrated with data provider Chainlink for streamlined pricing feeds. Announced Tuesday, the project helmed by former JPMorgan blockchain leads has inked a deal to use Chainlink’s existing set of off- and on-chain oracles for pricing Kadena-based assets, beginning with kadena (KDA), co-founder Stuart Popejoy said in a phone interview. For Kadena, which markets itself as a high-throughput alternative to both the Bitcoin and Ethereum blockchains, Chainlink will provide developer tools for decentralized applications (dapps) based on Kadena’s Pact smart contract language. KDA itself has yet to be…

Bitcoin Is More Profitable to Invest Into than Bank Stocks

May 19, 2020 boss

Bitcoin price rose more than 36% since the year’s beginning while the shares of banking giants have experienced huge fallings. Bitcoin seems to be more money-making than some of the world’s biggest bank stocks, even though the harsh fall struck the first cryptocurrency in the middle of March. Ryan Selkis from the cryptocurrency research company Messari tweeted: The “Pomp trade” having an epic year. “Long bitcoin, short the bankers” cc: @APompliano pic.twitter.com/YlCSLkT2pf — Ryan Selkis (@twobitidiot) May 18, 2020 Just for comparison, Bitcoin’s price rose more than 36% since the…

Largest Private Investment Bank in Latin America Issues Real Estate Tokens on Tezos

May 19, 2020 boss

Banco BTG Pactual is issuing its security tokens representing investment in real estate on the Tezos (XTZ) blockchain. Previously, the bank had issued its ReitBZ tokens on the Ethereum blockchain, raising $10 million in Ether (ETH) and Gemini Dollars (GUSD). Which blockchain will prevail in the future? Andre Portilho, head of digital assets at BTG Pactual, told Cointelegraph that $5 million worth of ReitBZ will be switched to Tezos, including the $2.5 million new raise that was conducted in fiat. The reason behind this diversification is that the bank wants…

Rising Bitcoin Search Volumes Point to 2019-Like Price Rally

May 19, 2020 boss

Searches for the keyword ‘Bitcoin’ is trending higher on Google since late-March. The surge in internet volumes is similar to what they were before the 2019 price rally. Interest in the cryptocurrency is booming as searches for the keyword “buy bitcoin” hit a perfect 100 score. A Google Trends search is no moving average wave, but it remains incredibly relevant while gauging people’s interest in Bitcoin. The cryptocurrency’s unofficial indicator is now reflecting an optimistic outlook. So it appears, searches on Google.com for the keyword ‘bitcoin’ is inching higher since…

Halve it Your Way… – Blockchain News, Opinion and Jobs

May 19, 2020 boss

by Michael Terpin, Recently, the bitcoin halving took place. Specifically, the new supply of daily bitcoin entering the market was cut in half for the third time in history at about 7:30 pm UTC. In a prescient act of historical proportion, the final block of the third era of bitcoin had the following message added to it by miner f2pool: NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue. This is an homage to the Genesis Block in January 2009 (the first block of the first four-year era of…