Steady As She Goes The market has closed out our Friday-to-Friday stretch in the green. Recovering from the dip the market took last week, currencies around the board are up on their 7-day charts. Crypto’s total market cap gained a healthy 11% over the course of the week, climbing to $284 bln at the time of writing. As always, time will tell if this rally has legs. If and when we continue to climb, keep an eye on Bitcoin’s key resistance levels ($7,600, $7,800, $8,000, etc.) to see if the market can surpass and stay ahead of these numbers. For the time being, being above $7,000 has been a blessing and a half; for the future, we’ll have to see if buy volume can keep up with this welcomed rise. Bitcoin: At $7470, Bitcoin gained 17% on the week, the largest weekly gain we’ve seen in a while for any of our three top assets. Ethereum: Ethereum was doing better in the middle of the week when it poked its head above $500. Still,..
Category: Bitcoin Latest News & Reviews
Bitcoin mining in its early days could be likened to a gold rush. The relative anonymity and peer to peer electronic payment transfer capabilities made it attractive. Couple this with the ability to mine using a regular computer, and the sometimes outrageous profits, and BTC mining became a promising new frontier. Tech enthusiasts and hackers were among the first groups to dabble into the new Satoshi Nakomoto creation. But as the market grew, bitcoin mining difficulty increased, essentially raising hardware requirements and power consumption, and lowering profitability. Investor enthusiasm in bitcoin has faltered in the past year in the face of increased international regulations targeting cryptocurrencies. The huge price drop also shook investor confidence. And, the present price swings don’t offer much hope. Now, according to data compiled by Anything Crypto, Zcash (ZEC) beats other Proof of Work coins such as Bitcoin (BTC) and..
There’s a lot of speculation over the Internet of Things (IoT) and blockchain technology. Is it a match made in heaven? Do they reinforce each other’s strengths–or do the technologies clash? Should they occupy separate worlds that don’t overlap? And what exactly is the Internet of Things anyway? When Dinosaurs Roamed the Earth During the personal computer revolution of the 1980s, tech companies strove to build a world where every desktop held a personal computer. Pretty safe to say mission accomplished. The first computers to hit our desktops The internet introduced a world where everyone could connect online. And then mobile phones connected everyone to everyone else no matter where they were at a given moment. Finally, things started to get interesting with a computer inside every machine. The Internet of Things means exactly what the phrase says. Each thing–device, appliance, tool, vehicle, machine, whatever–contains a..
IBM has officially entered the stablecoin game. Earlier today, IBM announced a partnership with FinTech startup, Stronghold, to create the first fully FDIC-insured stablecoin pegged to the greenback. The coin, termed Stronghold USD, will be deployed on the Stellar Lumens blockchain to leverage its proof-of-stake consensus mechanism to verify all transactions. Blockchain-focused asset manager Prime Trust will be providing the collateral to ensure FDIC backing, meaning the USD reserves are guaranteed to enable the price stability function of the coin. The currency will be pegged “one-on-one” to USD, meaning 1 Stronghold USD equals $1. “What is great about this is they are just basically digital dollars—digital fiat currency” says Bridget van Kralingen, IBM’s senior vice president of global industries, platforms, and blockchain. Stronghold USD will be deployed to help banks and other financial institutions lower their..
What is DECENT? DECENT is a decentralized application (DApp) ecosystem comprised of the DCore blockchain and DCT altcoin. The ecosystem includes APIs, SDKs, and other core features to help businesses build blockchain solutions. https://files.coinmarketcap.com/static/widget/currency.js Currently, the DCore product specializes in digital media and entertainment, but you can use the product however you like. This specialization is a step more focused than other Blockchain-as-a-Service (BaaS) projects advertising themselves as a panacea to the world’s problems. In this DECENT beginner’s guide, we cover: How Does DECENT Work? DECENT Team & Progress Trading Where to Buy DCT Where to Store DCT Conclusion Additional DECENT Resources How Does DECENT Work? DCore is the core (Get it? Get it?!) of DECENT. It offers several entertainment and media focused components that you can build on to create DApps. Here are a few: Custom tokens...
The Entertainment Industry Meets Blockchain The entertainment industry changes with the times, and blockchain provides the cutting edge technology of the day. As technology evolves, lives change, and people alter their entertainment choices accordingly. Vaudeville on the neighborhood stage once reigned supreme. Then, radio and silent black and white movies took vaudeville’s audience. Movies became technicolor talkies in cinemascope. And, radio added screens to become television. Now, everyone owns a TV set. Each step of the way, the delivery of content changed, and compensation methods for artists and businessmen changed as well. What particular qualities does blockchain technology possess, and how might these qualities affect the blockchain industry? Overture, Curtains, Lights Satoshi Nakamoto invented blockchain to serve as the technical foundation of Bitcoin. Blockchain provides an immutable record of truth in a decentralized..
Coinbase is exploring the potential addition of digital assets such as Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). The renowned digital currency exchange notes that it cannot guarantee the listing of any of the above assets and that it may only enable certain ways to interact with the assets (ie. only supporting deposits and withdrawals from transparent Zcash addresses). The full list of the assets and functionalities (guides linked for each) is: Cardano (ADA) is a smart contract platform that focuses on security through a layered architecture. Basic Attention Token (BAT) is a blockchain-based digital advertising token that is internal to the Brave browser. The purpose of BAT is to facilitate the payments from advertisers to users for viewing ads. Zcash is a publicly encrypted blockchain and scientific breakthrough in cryptography by using zero-knowledge cryptography known as..
Down We Go After a single week of gains, we’re back to dippin’, folks. Cryptocurrency’s total market cap took a 6% hit this week, dropping to $249 bln. This valuation has the entire market floating in numbers that we saw at the beginning of April after the market calmed down from its late-February/March drop-off. It’s hard to gauge where we’re going from here. Bitcoin has bounced off of support at $5.8-6k three times this year, and each time, the market has recovered only to continue trending down again. As always, if we break below this tri-tested support, expect prices to continue to fall. Bitcoin: At 6,270, Bitcoin has lost 6% of its value over the week. Ethereum: Ethereum is down 7%, sporting a price of $438. Ripple: After losing 7% off its price this week, Ripple is trading at $0.44. Cryptocurrency Market Stats (7/13/18) Domestic News Winklevoss-Owned Gemini Exchange Hires Former NYSE CIO: The Winklevosses are..
Byteball, an ICO platform that offers an out-of-the-box solution for the compliant sale of security tokens, announced today that it would join the Steem community and airdrop Steem users. A notable component of this partnership is that Steem accounts will be able to link to Byteball accounts, allowing for the transfer of Bytes between parties using Steem usernames. This is a marked difference from the current peer-to-peer token transfer system, which involves sending tokens via standard randomized multi-digit/character addresses, to being able to send them to human-created & readable Steem usernames. This partnership also reveals some interesting synergies from two relatively unrelated cryptocurrency projects. For one, Byteball is able to connect with thousands of Steem users and present their user-friendly human-readable smart contract interface, and the highly community-centric Steem is able to welcome a new influx of..
The government of Malta confirmed last week that it had approved three crucial bills that provide the necessary regulatory framework for the blockchain and cryptocurrency market. According to Malta Today, the three laws were namely the Innovative Technological Arrangement and Services Act, Malta Digital Innovation Authority Act, and Virtual Financial Asset Act. This was a giant step taken by the government of Malta towards turning the country into a major blockchain and related technologies hub. The bills also outline the various branches of the government set to work in tandem, with Bill 45, for example, which tasks the Malta Digital Innovation Authority (MDIA) with the promotion and development of the blockchain and crypto industry in the country. The MDIA agency, which has yet to be formally established, will also provide regulatory guidelines on Initial Coin Offerings (ICOs), educate the wider public, safeguard the reputation of..
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- This Week in Crypto: July 20, 2018 July 20, 2018
- Zcash Cryptocurrency Mining Is Four Times More Profitable Than Bitcoin July 19, 2018
- Internet of Things (IoT) and Blockchain – What Are the Possibilities? July 18, 2018