Month: September 2018

The price of Bitcoin has stood in a range between $5,500 and $8,000 for three months, now hovering around the $7,000 handle. Market participants could be in need of some price stability after the rally towards the $20,000 area in late 2017 and the subsequent downfall earlier this year. However, opinions diverge when it comes to what the real price should be. Econometric Models Estimate Bitcoin Price Based on Supply or Demand Analysts use different methods and criteria to evaluate Read more …

Despite multiple attempts at breaking the standoff through a compromise, the war over “Satoshi’s original ‘original vision’” continues to intensify within the Bitcoin Cash technical community, as the fourth-largest cryptocurrency hurtles toward a potential blockchain split in November. nChain Releases Alpha Version of SV Client The latest move in this $9 billion chess game comes from Craig Wright’s nChain, who on Thursday released the alpha version of Bitcoin SV (short for “Satoshi Vision”), the firm’s recently-announced full node Bitcoin Cash Read more …

Exchanges In recent news pertaining to exchanges, Sfox has attributed a reducing spread in the price of BTC across exchanges to the increased presence of institutional investors in the cryptocurrency markets, Brazil’s government has issued a questionnaire to three local crypto exchanges seeking to obtain data pertaining to their operations, and data from the United States Commodity Futures Trading Commission (CFTC) has revealed a steady decline in bearish pressure on the BTC futures markets in recent months. Also Read: Transaction Fee Read more …

Two prominent investors in the cryptocurrency sector have continuously called for a price target of $20,000 for Bitcoin since early 2018. Fundstrat’s Tom Lee and RT host Max Keiser reaffirmed their optimistic stance on the short to mid-term trend of Bitcoin, as the dominant cryptocurrency broke out of a major resistance level at $7,000 on September 1. Max Keiser Says $28,000 Bitcoin is Still in Play Throughout the bear market during which Bitcoin fell by more than 60 percent and Read more …

I’ve been waiting a while before writing this one, as I wanted to capture the essence of why so many people confuse blockchain with distributed ledger technology. My goal, today, is not to call-out “crypto-experts” for propagating (pun intended) misinformation, but to explain to every single one of you why understanding the proper definition of blockchain and distributed consensus matters. As to me there is a key difference between Distributed Ledger Technology (DLTs) and blockchains, so many technologists and marketers Read more …

In the past hour, the Bitcoin price has surged from $7,030 to $7,200, bringing the entire market with it to the upside. Bitcoin Cash, NEO, Litecoin, ICON, EOS, VeChain, Tron, Qtum, Cardano, and most major tokens have recorded 5 to 15 percent gains in the past 30 minutes, showing the establishment of newly found momentum. Previously, technical analysts in the cryptocurrency community have said that the break out of Bitcoin at the $7,200 resistance level could lead to a major Read more …

U.S. retail giant Walmart has applied to the U.S. Patent & Trademark Office (USPTO) to patent a blockchain system for deliveries, according to an official patent document released August 30. The new patent aims to provide a technology for running “in-field authenticating of autonomous electronic devices” to enable secure deliveries. The patent specifies that “[i]n exemplary embodiments, two autonomous electronic devices, such as delivery drones or household autonomous robots, can authenticate each other using embodiments of security procedures described herein.” Read more …

News The Satoshi Revolution: A Revolution of Rising ExpectationsSection 4: State Versus SocietyChapter 10, Part 2The Crypto Revolution Will Not Be Centralized You say you want a revolution. Well, you know,We all want to change the world.You tell me that it’s evolution. Well, you know,We all want to change the world…But when you talk about destructionDon’t you know that you can count me out…You say you got a real solution. Well, you know,We’d all love to see the plan.You ask Read more …

A new Eminem song, “Not Alike,” available on Spotify, observes that “Everybody doing bitcoin” in a string of phrases describing contemporary life. The song, which predictably makes extensive use of profanity and references to violence, is one of the numerous references to cryptocurrency in modern culture. Eminem is not the first rapper to reference bitcoin. In 2014, Toby + Decap wrote “Welcome To The Blockchain,” a song declaring “Power corrupts and money is power.” The song said inflation is a tax Read more …

The Mozilla Foundation has outlined new features on its Firefox browser to help enhance web performance and protect its users with a default blocker for cryptomining malware. The Vice President of product, Nick Nguyen made it known on Thursday, August 30, 2018, that future versions of the open-source browser will by default, block crypto mining malware scripts. “In the near future, Firefox will—by default, protect users by blocking tracking, while offering a clear set of controls to give our users more Read more …