Op-Ed: November Is Here – Will Bitcoin Repeat Its 2015 Behavior?

With the end of 2018 right around the corner, many enthusiasts and traders alike are probably asking themselves a lot of questions, the biggest one likely being, “What will happen to bitcoin within the next 60 days?” Out with the Old, In with the New Since 2015, we’ve witnessed several price explosions for bitcoin during the final months of each year. In 2017, for example, December marked a time when bitcoin reached an all-time high of nearly $20,000. In 2016, bitcoin shot up to nearly $1,000, which was considered a…

China Should Consider Launching its Own Stablecoin, Central Bank Expert Says in Op-Ed

The Chinese government should consider launching its own yuan-backed stablecoin despite the current ban on cryptocurrencies, an op-ed in Chinese financial journal CN Finance reports Tuesday, Oct. 9. An expert from the People’s Bank of China (PBoC), Li Liangsong, and professor of Fudan University Wang Huaqing wrote an article called “Analysis of Digital Stable Coins” for CN Finance — a bimonthly journal affiliated with the PBoC. In the opinion piece, the authors provide a brief review of USD-backed coins, such as Tether, the Gemini dollar, and Paxos Standard. The researchers…

Op-ed: The Case for Adding CTOR to Bitcoin Cash in November

The following opinion piece on Canonical Transaction Ordering (CTOR) was written by Jonald Fyookball the lead developer of Electron Cash.  Canonical Transaction Ordering (“CTOR”) is one of the planned changes for the November 2018 Bitcoin Cash protocol upgrade. There has been quite a bit of discussion in the Bitcoin Cash community about this change. Also read: Philippines Okays PDAX Crypto Exchange I had previously published an article explaining in simple terms what the change is.Although that article satisfied some readers and convinced them that CTOR is not dangerous, others were still…

Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically “viable” just because they are pegged to an asset, though Eichengreen does believe they have an advantage over “conventional cryptocurrencies” such as bitcoin which he says “is highly unstable” and “unattractive as units of account.” “Stable coins purport to solve these problems. Because their value is stable in terms of dollars or their equivalent, they are attractive…