Analyst: Ethereum Constantinople Is “Decidedly Bullish” Over Long Run

As the crypto market has been flushed with green tickers, Ethereum (ETH) has surged, moving from a year-to-date at $81 to $150 in a matter of a few weeks’ time. In classic crypto fashion, this monumental rally, which nearly doubled the value of Ether, wasn’t backed by a clear catalyst. Some looked to the potential advent of ETH-backed futures, while others looked to the impending Constantinople upgrade. A prominent crypto-friendly analyst and commentator, Alex Krüger, recently broke down the latter, doing his best to determine whether Constantinople can (or has) push(ed)…

Analyst: Ethereum Constantinople Is “Decidedly Bullish” Over Long Run

As the crypto market has been flushed with green tickers, Ethereum (ETH) has surged, moving from a year-to-date at $81 to $150 in a matter of a few weeks’ time. In classic crypto fashion, this monumental rally, which nearly doubled the value of Ether, wasn’t backed by a clear catalyst. Some looked to the potential advent of ETH-backed futures, while others looked to the impending Constantinople upgrade. A prominent crypto-friendly analyst and commentator, Alex Krüger, recently broke down the latter, doing his best to determine whether Constantinople can (or has) push(ed)…

Why the Bitcoin Price Could Take a Very Long Time to Reach New Highs

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Throughout the past eleven months, the Bitcoin price has dropped from $19,500 to $3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov, this bear market could potentially last significantly longer than previous corrections. All Depends on…

Amidst Recent Market Crash, Susquehanna ‘Crypto King’ Emphasizes Crypto Is a ‘Long Game’

Bart Smith, digital asset head at U.S.-based global trading and technology firm Susquehanna, has said he is still a long-term Bitcoin (BTC) believer amidst the market crash during an episode of CNBC’s “Fast Money” Nov. 20. Speaking just as the price of Bitcoin had plummeted to its lowest levels since October 2017, Smith — who is also known by the moniker of “Crypto King” — emphasized this was a “long game” and that “every great idea is volatile.” He noted that while figures from the world of mainstream equity strategy…

Mike Novogratz: “We Are Long on Bitcoin,” But “I Don’t See Us Breaking 10k” This Year

During an Interview for Bloomberg held yesterday, Mike Novogratz, a renowned capital investor, and former Goldman Sachs partner, was bullish about the future of cryptocurrencies; although this time he was also more cautious and less impulsive about his predictions. Novogratz has always been a believer in the idea that institutional involvement is crucial to achieving the mass adoption of cryptocurrencies and the “explosion” in the markets many enthusiasts dream of. Although there have been regulatory difficulties in the crypto markets during 2017-2018 (years in which many expected a massive involved…

Regulators Are Landing Punches, But There’s a Long Crypto Fight Ahead

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. There are shifts at ShapeShift and not everyone’s happy with them. When the token exchange recently announced a new “membership” model with mandatory account identification, there was outrage from certain members of the cryptocurrency community who felt it was abandoning its pledge to privacy and destroying its core value proposition.…

Former Beverage Company Long Blockchain Corp. Receives Subpoena From SEC

Former drinks manufacturer-turned-blockchain development company Long Blockchain Corp. has been issued a subpoena by the U.S. Securities and Exchange Commission (SEC), Bloomberg reported August 1. During a filing today, the company reportedly said that the subpoena, originally dated July 10, requested certain documents from Long Blockchain Corp. The firm declined to provide further details, saying: “The company is fully cooperating with the SEC’s investigation. The company cannot predict or determine whether any proceeding may be instituted by the SEC in connection with the subpoena or the outcome of any proceeding…

Beverage Turned Bitcoin Mining Company Long Blockchain Moves into Loyalty Market

Long Blockchain Corp., the drinks manufacturer turned blockchain startup, announced that it had again changed its line of business and will now also focus on loyalty schemes, local news outlet Long Island Business News reported July 31. The New York-based company, which saw major stock price volatility after it unexpectedly rebranded to Long Blockchain from ‘Long Island Iced Tea’ in January, said it would similarly leverage so-called “distributed ledger technology” (DLT) in its new format. Operations will be run via a new subsidiary dubbed Stran Loyalty Group, while Long’s CEO…

Bitcoin Price Defends $6K as Traders Go Long

Bitcoin’s (BTC) price charts remain biased to the bears, but market positioning on a major exchange suggests a sustained break below $6,000 may remain elusive in short-term. At press time, the leading cryptocurrency is trading at $6,100 on Bitfinex, largely unchanged on a 24-hour basis, and technically speaking, BTC remains on the defensive as discussed yesterday. Further, the cryptocurrency markets will likely remain risk averse as the sell-off in ETH/BTC – the risk barometer of the cryptocurrency markets – is seen gathering pace in the next 24 hours. So, going…