Monthly Archives: January 2019

Crypto Analyst Expects Bear Trend As Bitcoin (BTC) Surges

Bitcoin Fundamentals Hinting At Bear Trend Willy Woo, a leading Australian crypto researcher, analyst, and commentator, recently took to his well-followed Twitter feed to convey his latest bit of Bitcoin (BTC)-related analysis. According to his proprietary network indicators, which many argue are better than pure technicals, “there’s not a lot of on-chain volumes to fuel a prolonged move [to the upside].” He then went on to note that the influx of traded BTC could be chalked up to market volatility, which pushed investors to send their holdings to […]

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Venezuela Wants to Use Petro to Finance Large Housing Program

Completing a project to build 3 million homes for its suffering population is the next big initiative Venezuela wants to finance with its digital currency, the petro. The socialist government in Caracas says there is enough money and materials to fulfill the main objective of the “Great Housing Mission.” Also read: Crypto-Friendly Statesman Takes Over Swiss Presidency Minister Urges Construction Companies to Accept Petro The Venezuelan Ministry of Housing is now joining forces with other government institutions to revive a state-sponsored program focused on the building of new […]

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Today in Bitcoin (Jan 6, 2019) Bitcoin Breaks $4,000 – Useless Blockchains? – Proof of Keys Recap

Donate Bitcoin: 3NqhJSAikoFiYmZm3ACGzdw9Lr86ZiLT7K Support the Show: https://www.patreon.com/madbitcoins Listen to WCN Audio Podcasts: https://itunes.apple.com/us/podcast/world-crypto-network/id825708806?mt=2 Call Us LIVE! SKYPE WorldCryptoNetwork Check out the brand new http://WorldCryptoNetwork.com/ Follow WCN on Twitter: Tweets by WorldCryptoNet Seven New Year’s Resolutions for Bitcoiners | Bitcoin Magazine https://bitcoinmagazine.com/articles/seven-new-years-resolutions-bitcoiners/ 4051.42 Bitstamp BTC/USD – BitcoinWisdom https://bitcoinwisdom.com/markets/bitstamp/btcusd Tallycoin fundraiser for Mad Bitcoins https://tallyco.in/s/18uw3d/ Mad Bitcoins on Twitter: “INBOX ZERO. btw. Just sits down to do some work and then this happens. Hello #Bitcoin $4,000 again.… ” INBOX ZERO. btw. Just sits down to do some work and […]

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Lightning Liquidity, Bitrefill & Zap ~ Bitcoin Op Tech #21

The Bitcoin Operations Technology Group (Optech) works to bring the best open source technologies and techniques to Bitcoin-using businesses in order to lower costs and improve customer experiences. https://bitcoinops.org/ This week’s newsletter summarizes a few discussions on the Lightning-Dev mailing list, suggests an opportunity to develop a new tool some users would find helpful, and provides summaries and links to some of the talks at the recent Chaincode Lightning Applications residency. Several notable code changes in popular Bitcoin infrastructure projects are also described. https://bitcoinops.org/en/newsletters/2018/11/13/ Donate Bitcoin to […]

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Bitcoin rockets above $4,000 as positive newsflow encourages bulls

A convergence of bullish news flow has helped to lift bitcoin back above $4,000. On Bitfinex, where the price tends to trade at a premium partly because of the heavy margin trading at the venue, the BTC price has hit $4,178, jumping $250 in short order, for a 7% gain. On Coinmarketcap 24-hour trading volumes in BTCUSD stands at a healthy $5.5 billion. Burniske’s call Chris Burniske from VC firm placeholder tweeted yesterday that the mainstream had forgotten about bitcoin but he took that as a good […]

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Stablecoins, Tokenization and the Future of Bitcoin in 2019

Bitcoin (BTC), Cryptocurrency–With Bitcoin rising above $4000 for the first time in 2019, with altcoins across the board seeing a spike of green, the crypto markets are off to a strong start to begin the year. However, the positive wave hitting cryptocurrency comes at the expense of several dire months. November 2018 saw the worst losses for Bitcoin since August 2011, with the entire sentiment towards the industry taking a decidedly negative turn amidst the ongoing bear market. With Bitcoin still down 79 percent from its all-time-high […]

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McKinsey: Despite Billions of Dollars, Corporate Blockchains Have Achieved Little

During the last 18 months, companies have claimed to be able to use blockchain technology to improve the supply of everything from vegetables to automobiles. An increasing body of evidence, however, suggests that the reality has failed to match the hype. Also Read: Phillip Frost Agrees to Settle Riot Blockchain Related Case for $5.5M Billions Wasted on Blockchain Pilots McKinsey & Company, the American management consulting firm, has released a report on the state of blockchain technology in business. It found that of the over 100 supposed […]

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Markets Update: Crypto Analysts Remain Uncertain After 2019’s First Week of Trading

Since our last markets update, cryptocurrency markets consolidated within a tight range and have been less volatile over the last few days. The market capitalization of the entire cryptocurrency economy has gained about $5.7 billion and a few of the top coins have seen some price jumps this week. Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization Crypto Markets Consolidate, But Some Coins See Gains As the first week of 2019 comes to an end, digital currency prices this Sunday are far […]

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Ethereum Price Analysis Jan.6: ETH Is Looking At $160 and Bitcoin’s Triangle

The market is currently cooling up to build momentum for another potential move. Notice the symmetric triangle formation that is evolving on the Bitcoin’s chart: A positive break of this formation could easily lead to a breach of the inverse Head and Shoulders trigger line. In such scenario, BTC could potentially rally toward one of the formation’s targets. A reasonable target in such scenario could be found around the $5000 – $5200 price level, but as we mentioned before, targets (as well as TA) are not science. […]

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RIP ICOs: 2019 Will Be the Year of Enterprise Blockchain Tokens

Ajit Tripathi is a partner at ConsenSys, where he specializes in global financial services business development and corporate venture strategy. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  One year ago, I wrote an article for CoinDesk in which I humbly argued that the price of ether didn’t matter and what everyone in the blockchain community should focus on is building useful applications instead. Hate to say I told you so, but… I did. A few short months later, CryptoKitties were chased away by […]

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