When news outlets and analysts discuss Bitcoin, the focus is almost always on the digital currency’s meteoric rise in the second half of 2017 and the price reconciliation that followed. Some go a step further and insist that Bitcoin’s value will “go back” to zero and, in the process, punish all who took an immediate…
A news digest of what happened in the crypto world in the past month, December 2018: Ohio Takes the Mantle of Crypto Advocacy Ohio is taking a lead in cryptocurrency and blockchain adoption as executives announce that seven Ohio funds will contribute over $300 million for blockchain startups in the next three years. Meanwhile, in…
Despite the initial fanfare surrounding crypto derivatives, there have only been a select few offerings since CME and Cboe began eyeing Bitcoin futures in late 2017. The persistent inability of participants to secure an ETF license has placed further restrictions on the amount of Bitcoin products available. But now, an up-and-coming cryptocurrency trading platform is…
Despite the latest re-introduction of volatility to the Bitcoin market, several crypto entrepreneurs have doubled down on their bullish bets for 2019 and beyond, reports CCN. One of them is Greg Tusar, Goldman-Sachs’ former global head of electronic trading who has since shifted his attention to the budding crypto space. Tusar said in a recent…
As crypto traders seek to understand the mechanics behind the recent Bitcoin price drop, some analysts have pointed toward a possible silver lining in the dip, reports Bitcoinist. A closer look at the data reveals that Bitcoin’s fundamentals are strong and that the drop may have instead been driven by a hash war between miners.…
The latest analysis by Diar shows that some of crypto’s largest investors are sticking with the burgeoning asset class despite recent price slashes, according to CCN. The research firm compiled data from 1,000 of the largest Ethereum wallets and looked for buying or selling trends over the past year. Out of the 500 actively-traded Ethereum…
A news digest of what happened in the crypto world this past month, November 2018: Bitcoin Cash Fork Disturbs Crypto Markets A contentious Bitcoin Cash (BCH) hard fork rocked the cryptocurrency market on November 15, sending BCH price tumbling by over 70% from monthly highs. This significantly impacted the price of Bitcoin (BTC) as well,…
Despite the latest string of losses in the crypto market, recent statements show that major players remain as interested as ever in Bitcoin and its derivatives. Speaking at the Consensus Invest conference on Tuesday, New York Stock Exchange (NYSE) chairman Jeffrey Sprecher voiced his support for the digital asset. Sprecher said that he and his…
The CEO of a Bitcoin investment fund has made a bullish prediction for the main cryptocurrency, one that he says should materialize within a decade’s time, according to CCN. Like others before him, Pantera Capital’s Dan Morehead likens Bitcoin to the internet and expects the former to become just as much of a household item.…
In a speech at the recent Singapore Fintech Festival, International Monetary Fund (IMF) chairwoman Christine Lagarde touched upon cryptocurrencies while addressing a general shift in the monetary landscape. According to Lagarde, the increasing preference for digital money over paper could hint toward a future where all transactions are cashless, reports Coindesk. Instead of merely converting…
