Facebook’s Head of Libra Crypto Project Is Optimistic about Bitcoin’s Future

Since Facebook’s announcement about the development of its own cryptocurrency called Libra in June, the cryptocurrency industry has struggled with many obstacles regarding its launch next year. Consumers are hesitant about the social media giant taking over a financial venture, claiming that tech companies should be utilizing the given cryptocurrencies in the crypto market like Bitcoin(BTC)trade instead of creating their own centralized substitute. Some social media companies like Twitter are already doing this. David Marcus, Facebook’s head of the Libra cryptocurrency project, has drawn parallels between Bitcoin and gold. At…

Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics, download our free report here. Whether you call it the “halving” or the “halvening,” one of the few things we can be sure of in crypto is that the conversation around bitcoin’s upcoming reduction in…

Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. To find out more about crypto valuation metrics, download our free report here. Whether you call it the “halving” or the “halvening,” one of the few things we can be sure of in crypto is that the conversation around bitcoin’s upcoming reduction in…

Is Bitcoin’s Current Weight Loss Related to Bakkt’s Volume Weight Gain?

Bakkt has set a new all-time high in traded volumes as it has done a few times recently, while BTC has lost some of its weight in pretty much the same period. Yesterday, Bakkt set a new record high just as the Bitcoin price fell as it’s wont to do. While the two events are relatively normal individually, it’s somewhat interesting that they happened around the same time, with the new Bakkt record coming in just as Bitcoin fell. What are traders thinking? Last year, the Intercontinental Exchange (ICE) announced…

How Crypto Winters of Bitcoin’s Past Compare to Today

Cryptocurrency and bitcoin proponents have been patiently waiting to see if crypto winter is returning as the recent price decline has shaken investors. Digital assets have been meandering aimlessly over the last week and in order to gain some perspective, it’s always good to study the last decade of previous bear market trends. Also read: China Removes Bitcoin Mining From Unwanted Industries List Crypto Prices Slide Again, Making Traders Question Whether Crypto Winter Is Really Over After BTC and other digital currencies touched all-time highs in 2017, the following months…

Bitcoin’s ‘Self-Settlement’ Is a Revolution Against Dollar

Bitcoin (BTC) beats both fiat currency and gold because it does not need settlement, RT host Max Keiser has said. In the latest episode of the network’s Keiser Report on Nov. 7, the well-known Bitcoin bull explained that other forms of transactions need settlement time, but Bitcoin does not. Keiser: BTC “uniquely self-settling” This is because, in Bitcoin, the transaction and settlement are inseparable from one another. Moving BTC between wallets simply means updating a ledger, which implies instantaneous settlement as miners confirm the transactions.  “There’s a lot of friction,…

Bitcoin’s ‘Self-Settlement’ Is a Revolution Against Dollar

Bitcoin (BTC) beats both fiat currency and gold because it does not need settlement, RT host Max Keiser has said. In the latest episode of the network’s Keiser Report on Nov. 7, the well-known Bitcoin bull explained that other forms of transactions need settlement time, but Bitcoin does not. Keiser: BTC “uniquely self-settling” This is because, in Bitcoin, the transaction and settlement are inseparable from one another. Moving BTC between wallets simply means updating a ledger, which implies instantaneous settlement as miners confirm the transactions.  “There’s a lot of friction,…

Ether Price Breaks Key Resistance — Can It Repeat Bitcoin’s 42% Gain?

Over the past week Ether (ETH) has shown that it is not permanently hinged to Bitcoin’s (BTC) price action and notably, a number of altcoins are also beginning to forge their own paths higher.  Ethereum breaks through key resistance Close analysis of the ETH/USD and ETH/BTC chart shows rumblings of a bullish breakout, but there are still significant challenges ahead before this can occur.  Crypto market data daily view. Source: Coin360 As shown on the daily chart, Ether continues to put space between itself and the multi-month descending triangle that…

Bitcoin’s Price Hovers Above $9,300, While Stellar Shows 20% Gains

Tuesday Nov. 5 — Crypto prices continue to show upward momentum across markets, while Bitcoin (BTC) hovers around the $9,300 price mark and Stellar (XLM) takes a shot at the moon with gains of more than 20%. Cryptocurrency market daily overview. Source: Coin360 Bitcoin was trading close to the $9,400 price mark for a large part of the day but is showing signs of downward price behavior in recent hours. The world’s largest cryptocurrency traded at an intraday high of around $9,465, before losing ground towards its current trading price…

Critics Savage Research Paper Alleging Lone Whale Caused Bitcoin’s 2017 Rally

Crypto commenters have torn into a new research paper alleging a single whale caused bitcoin’s 2017 price rally. The paper, reported prominently in Bloomberg and the Wall Street Journal, has been criticized for failing to understand that mass inflows of tether (USDT) to the cryptoconomy are not indicative of a single source accounting for all the buy pressure. Also read: Bad Loans at Big British Banks Jump Over 50% in a Year The Legendary Lone Whale The final draft of the research paper that’s had Tether’s lawyers seething for weeks…