Just when Bitcoin (BTC) bulls think that the storm was over, they realize how wrong they were. From the look of things, market indicators for a possible rally are discouraging. Indeed, these are no mere speculations as the BTC price again plummeted on Wednesday, falling to the lowest price in 12 months. This price dip is occurring amid a broader digital asset market sell-off.

The cryptocurrency ecosystem is currently going through a red day as most top cryptocurrencies are currently taking a hit, with some dropping over 20% in the last 24-hour period. The cause behind the massive downswing is, at press time, unclear.

Nicholas Merten, the founder of DataDash, the largest cryptocurrency Youtube channel with over 316,000 subscribers, recently noted that crypto will have “four major cycles” including the “Silk Road phase” from 2011-2013, the “retail speculation” phase from 2016-2017, the “institutional speculation” phase from 2019-2020, and finally the “crypto replaces fiat” phase from 2020-2030. According to Merten, blockchain technology and cryptocurrencies will “reshape the way we think about trust and money.”

ConsenSys CEO Joseph Lubin said that his firm is interested in “promoting the [Ethereum] ecosystem” rather than “controlling it.” Blockchain will “probably take a little longer” to develop than the internet, because it is “much more complicated,” ConsenSys creator Joseph Lubin told German media outlet t3n in an interview, Cointelegraph auf Deutsch reported Nov. 9. Lubin, who is also the co-founder of Ethereum (ETH), told reporters that blockchain technology is developing in a similar way to the web, citing its exponential growth with “hundreds of projects that are already practical for humans” to date.

Serial cryptocurrency investor and billionaire Tim Draper has said his Bitcoin price prediction of $250,000 by 2022 is “absolutely solid.” Draper: Serial cryptocurrency investor and billionaire Tim Draper has said his BTC price prediction of $250,000 by 2022 is “absolutely solid.”

Japan’s primary financial regulator has formally granted the cryptocurrency industry with a self-regulatory status by allowing an industry body to police domestic exchanges. The Financial Services Agency (FSA) on Wednesday approved the Japan Virtual Currency Exchange Association (JVCEA), a body comprised of all 16 licensed domestic cryptocurrency exchanges, to become a ‘certified fund settlement business association.’

After a week of mixed and choppy trading action, the cryptocurrency markets are now seeing a widespread, albeit relatively minor, drop, stemming from Bitcoin’s decline into the $6,300 region after it failed to stabilize above $6,500 a couple of days ago. At the time of writing, Bitcoin (BTC) is trading at just under $6,400 and isn’t showing any signs of wanting to drop to the bottom of its long-established trading range between $6,200 and $6,700.

For the past few years, cryptocurrency networks like bitcoin have gained a reputation as energy hogs, eliciting headlines comparing their energy consumption to that of mid-sized countries. Now, a new analysis shows mining bitcoin uses more energy, dollar for dollar, than mining gold. “It was definitely surprising,” environmental engineer Max Krause said of his findings, published today in the journal Nature Sustainability.

The birthing of Bitcoin and other cryptocurrencies has unleashed the next wave of innovation in the technology and fintech sectors but we are not quite there…yet. Bitcoin has just turned 10 years old. 10 years have elapsed since the 2008 financial crisis took hold of the global financial system. Satoshi had indicated that the genesis block and the birth of Bitcoin was a result of people’s loss of faith in the current financial system and the status quo.

A former Bitcoin tycoon who served a year in prison for his role facilitating transactions on the Silk Road digital drug bazaar is being sued by none other than the Winklevoss twins, the HarvardConnection creators famous for suing Mark Zuckerberg for allegedly stealing the idea for Facebook from them.

The main intention behind Satoshi Nakamoto’s initiative was to design and radicalize a currency which wouldn’t be under the jurisdiction of any form of government or a specific financial institution. Even though Bitcoin has been left behind by various cryptocurrencies in terms of attributes like transaction fees and confirmation time, it has managed to remain as the largest cryptocurrency by market capitalization since a very long time. This might be due to the precise reason that Bitcoin is absolutely decentralized and most popular one in the domain.

When Bitcoin is experiencing its lowest levels of volatility in history and remaining within a short trading range of $6,300 and $6,500, yet Lee is still confident that the currency could end 2018 on a high note. Fundstrat’s Tom Lee has always been one of Bitcoin’s biggest bulls. For several months, despite the wavering price of everybody’s favorite cryptocurrency, Lee has stuck to his guns and remained adamant that the currency could end the year at an even $25,000.

The idea of Bitcoin is pure genius. But, people are still confused about it. Some know what it is, while some are still struggling to ask the simplest questions with fear that they might look silly. Questions can be silly and that’s completely okay! We don’t judge! In fact silly questions can be quite enlightening for everyone and make you look at things at a deeper level. So, we present you with the most silly questions asked by people.

In an earlier post, we had explored the possibility of the electric car company of Tesla accepting Bitcoin (BTC) and other cryptocurrencies as a way for customers to purchase the revolutionary eco-friendly vehicles. We had also observed that Bitcoin energy consumption had not been properly analyzed and compared to the entire spectrum of traditional banking and financial activities.

Bitcoin's white paper solving the double-spend problem in the digital world makes near real-time commerce possible across the entire planet.

As reported by the trusted news source in China, CnLedger, the country’s merchants can legally accept cryptocurrency as payment. According to reports by the Shenzhen Court of International Arbitration, Bitcoin is now officially recognized property, which allows individuals as well as businesses to transfer and own BTC without conflicting with current financial regulatory protocol. Circulation … Continue reading "Chinese Merchants Are Legally Able to Accept Bitcoin & Cryptocurrency"

Securing crypto tokens hasn’t always been a smooth affair, and it gets even harder when matters of inheritance are concerned. A crypto is basically a virtual currency that’s been coded and protected with strong encryption protocols. As is the case with Bitcoin and others, these encryptions are impossible to crack.

In a recent interview, Tim Draper, a prominent venture capitalist famous for his strategic investments, gave his opinions about regulations in the cryptocurrency space. Significantly his major focus was on two topics, namely, Japan taking an open approach for the sector in general and also China’s decision to make Bitcoin [BTC] illegal in the nation.

The man who killed net neutrality in the US is racing-up with innovations like blockchain to effectively regulate them. Ajit Pai, the chairman of the US Federal Communications Commission (FCC), said that his office would be looking into the emerging technologies for their potential impact on the telecom sector.

"Bitcoin is turning ten, and like many of us, I feel like a proud parent, having watched it grow into its potential over the years. I guess I’m the estranged father in prison though, who can’t be there to help raise his kid."

Despite the CEO’s negative outlook on bitcoin, JP Morgan is still investing time and money into related technology

Cryptocurrencies have taken the world by storm. Between January 2017 and December 2017, the price of Bitcoin rose by over 2,000%—from $953 to $20,089. Right now, the market cap of Bitcoin alone is over $120 billion. However, the most exciting part of blockchain technology isn’t Bitcoin rather, the way it can be applied to change the world we live in.

Leading Japanese mining company GMO Internet has stopped mining Bitcoin Cash (BCH) once again, reports indicate. According to company documents recently made public, the top bitcoin mining firm stopped mining bitcoin cash in July and previously in April. The documents published by Trace Mayer of the Bitcoin Knowledge Podcast show that GMO mined 0 BCH last month, down from 62 coins in June and a high of 287 in February.

No. Though blockchain is a technological breakthrough that offers us low transaction costs and transparency, it is still just a tool that has to be used properly. Even the best 16mm wrench in the world won’t help you with a 12mm nut. That is why crypto community has to implement blockchain technology where it is really needed. We need to find those “rusty 16mm nuts” – find obsolete mechanisms in the spheres of life where transparency, low transaction fees and public ledgers are needed the most.

As part of an in-depth look into the mining giant ahead of its controversial planned initial public offering (IPO), BitMEX considered the potential for the company to recapture its former success while leveling thinly-veiled criticism at its management. “Bitmain can be a legendary crypto company, generating strong shareholder returns for decades to come, but in order to achieve this (and it’s a lot harder than it sounds) the Bitmain management team may need to improve their management of company resources,” the analysis summarizes.

Ever since its inception Bitcoin has never really been private. Although Satoshi Nakamoto’s white paper suggests privacy was a design goal of the protocol, government agencies, analytics companies and other interested parties — let’s call them “spies” — have ways to analyze the public blockchain and peer-to-peer network, to cluster Bitcoin addresses and tie them to IP addresses or other identifying information.

The debate about the value of bitcoin has been going on since the inception of cryptocurrencies. Some think that bitcoin is the future of currency and will replace fiat currencies as a whole because of the convenience that it provides. On the other end, there are people who believe that bitcoin will never be able to reach the status of an official currency in any way and will die out soon as we proceed with time. In the middle lie the expert who believe bitcoin is definitely valuable and will persist as we move forward.

The second stage of the Dogethereum bridge was presented on September 5, 2018 at 10 am (PT) and live streamed. The bridge uses “superblocks” to move coins from Dogecoin to Ethereum and collateralization to move coins from Ethereum to Dogecoin. We are excited because this innovation can also be used to bridge other blockchain …

Bitcoin dropped below $7,000 a few minutes before press time, in a move that warrants caution as a possible bull trap. The leading cryptocurrency closed yesterday (as per UTC) above the trendline sloping downwards from the March 5 high and May 5 high, seemingly confirming a long-term bearish-to-bullish trend change. However, the follow-through has been disappointing. As of writing, BTC is changing hands at $6,965 on Bitfinex – down 3.5 percent on a 24-hour basis.

The crypto industry is booming, and it’s unlikely to slow down for a long time. For anyone outside of the community, understanding the basics can be a challenge as cryptoinsiders tend to explain things very technically. Here, I have tried to break down crypto concepts. So if you’d like to understand crypto basics, read on...

Bitcoin and other digital currencies are a "Wild West industry" and need to be regulated to protect investors, a committee of MPs has urged. Problems include volatile prices, minimal consumer protection and risks of hacking and money-laundering, says the Treasury Committee. The committee said there were no well-functioning crypto-currencies and preferred to call them "crypto-assets". It urged City watchdog the Financial Conduct Authority to supervise them.

The following are factors that contribute to market manipulation in cryptocurrency markets. I recently built a massive-multi-player trading game for cryptocurrencies as a research project for a (real) decentralized exchange that is launching in December to analyze order-flow dynamics, market making, trader psychology, trade execution strategies, bot interactions, risk management, spread dynamics, conflicts of interest, margin lending, market microstructures, etc.

Vladimir #Putin told students , “Whoever becomes the leader in this sphere will become the ruler of the world.” #ArtificialIntelligence // So will most A.I. projects outside NATO reinvent the (syntax lexicon Rosetta Stone) wheel? http://sawconcepts.com/index/id44.html http://sawconcepts.com/index/id52.html

About 80 business leaders representing the crypto industry and the Wall Street have met with the U.S. lawmakers on September 25 to deliver a vital message. They asked for regulatory clarity on crypto and ICOs without further delay, otherwise, innovation will leave the U.S. and move to a more business-friendly country.

Not quite. Sure, blockchain is a technological breakthrough offering low transaction costs and unparalleled transparency. Not everyone understands, however, that on its own the technology is like an expensive watercolor paper in the hands of a 12-year-old trying his best to doodle. No matter how talented the kid may be, the venture is doomed from the beginning by the wrong choice of materials.