HODL: Crypto is like 1990s Internet with ‘Few Use Cases’ and Many Scams

When it comes to explaining this never-ending bear market, positive affirmations seem to be the rationale du jour. Here’s another “HODL on FFS” theory that forecasts the eventual crypto-boom by drawing comparisons between the Dot-com era and the nascent blockchain industry. Crypto = Dot-com Era? Benedict Evans, a partner at Andreessen Horowitz, recently tweeted that “crypto today” is nearly identical to the internet in 1993 and 1999. Evans went on to explain that in the 90s the internet had “huge Read more …

Cryptocurrency Market Update: Dentacoin (DCN) Gets a Dose of FOMO

Markets are still flat on the day; Dentacoin is surging, Ravencoin is flailing. Crypto markets seem to move every couple of weeks now instead of on a daily basis indicating that some of that massive volatility could be coming to an end. Needless to say there has been no movement in markets since this time yesterday as they are still holding the same level. Bitcoin’s birthday came and went and it hasn’t moved. Currently sitting at $6,315 BTC has found Read more …

Bitcoin’s White Paper Is Not a Bible – Stop Worshipping It

Samson Mow is chief strategy officer at Blockstream.  This exclusive opinion piece is part of CoinDesk’s “Bitcoin at 10: The Satoshi White Paper” series. It’s been 10 years since Bitcoin’s white paper was released, and the world has had 10 years to understand the profound impact of Bitcoin. We’ve also had 10 years of development to improve usability and scaling. Yet despite all this time to evolve our understanding, we somehow have had the emergence of zealots that attempt to Read more …

Bitcoin History Part 1: In the Beginning

Featured With today marking the tenth anniversary of the Bitcoin whitepaper, the web is predictably thick with op-eds, retrospectives and thought pieces. While Oct. 31, 2008 is hailed as a pivotal moment in monetary history, at the time, few noticed the publication of the Bitcoin whitepaper to a cryptography mailing list. Like all revolutions, this one would take time to germinate. Also read: Coinbase Raises $300 Million, Reaching $8 Billion Valuation From Tiny Acorns Mighty Oaks Grow It’s hard to place Read more …

Nasdaq and Microsoft Working Together on Blockchain Delivery, Payment, and Settlements

The Microsoft Azure blockchain will be deployed on the Nasdaq Financial Framework (NFF) to build a ledger agnostic blockchain capability that supports a multi-ledger strategy. The stock exchange will employ Microsoft’s ledger to manage the delivery, payment, and settlement of transactions. Nasdaq Financial Framework to Build Ledger Agnostic Blockchain With Microsoft Azure Nasdaq was the first operator within the financial industry to open an electronic stock exchange, back in 1971. Highly invested in cutting-edge technology, the company also wants to Read more …

Bitcoin Cash Could Disintegrate ahead of Nov 15 Hard Fork

Roger Ver’s Bitcoin Cash is at a precipice. It could fall apart if there is no consensus draining with it millions in investment and propelling Bitcoin higher. The standoff between Craig Wright of Bitcoin SV and Jihan Wu’s Bitcoin Cash ABC could be damaging. Since price relies on the outcome, traders should remain neutral ahead of the upgrade knowing that breaks below $400 could usher a wave of unrelenting bears eyeing $250. Latest Bitcoin Cash News So far, the US Read more …

Bitcoin Bear Market Could Last 18 More Months: BitMEX CEO

Twitter Facebook Bitcoin prices and trading volume might keep plummeting, and the current bear market could last another 18 months. That’s the sobering assessment of Arthur Hayes, the CEO of the Bitcoin Mercantile Exchange (BitMEX), the world’s largest bitcoin derivatives trading platform. “My view is the volatility environment that exists right now could persist for another 12 to 18 months, the flatness,” Hayes told Yahoo Finance. “I’m just basing it off my previous experience.” Hayes started trading crypto full-time in 2013 Read more …

Bithumb Signs Deal with US Fintech Firm to Open Security Token Exchange

Major South Korean cryptocurrency exchange Bithumb has reportedly signed a deal with an American fintech firm in an effort to open a securities token exchange in the U.S., South Korean Yonhap News agency reported Nov. 1. Citing individuals familiar with the matter, Yonhap reports that Bithumb signed an agreement with American crowdfunding platform SeriesOne. A Bithumb official purportedly told the news agency: “SeriesOne actively sought to strike a deal with Bithumb after assessing it as the most suitable partner. Bithumb Read more …

Morgan Stanley Report Says Crypto Now An Institutional Asset Class

Institutional investors are increasingly getting involved in bitcoin and other cryptocurrencies – while the number of retail investors in the space is staying stagnant – according to a new report by Morgan Stanley. In an update to “Bitcoin Decrypted: A Brief Teach-In and Implications,” the global banking giant’s research division delved into the last six months of bitcoin and highlighted certain trends it noticed. The report is dated October 31. Perhaps most notably, the report emphasized its “rapidly morphing thesis,” which began Read more …

IOT/USD, EOS/USD, XLM/USD, TRX/USD, LTC/USD Register Mild Gains

Overly, most coins are in range mode with the exception of LTC/USD and TRX/USD which are bearish. This is after unexpected losses below $50 and 2.3 cents on Oct 29 igniting sellers. But still, EOS/USD and XLM/USD are holding on with minor losses. All things constant, we shall retain a neutral approach waiting for moves below or above important levels before initiating trades. Let’s have a look at these charts: EOS/USD Price Analysis Countering Oct 29 losses, EOS/USD did print Read more …

BNB on Etoro, Binance Freezes Wex Funds,

Exchanges In cryptocurrency exchange news, Binance’s native coin has listed on Etoro, Bittrex has announced the upcoming launch of its Malta-based international exchange, and Chris Lee of Huobi has predicted that security token offerings will become a mainstream form of fundraising within five years. Also Read: Bitcoin Trader Faces Five Years in US Jail for Unlicensed Money Transmitting Business BNB Lists on Etoro in First Listing Outside of Binance Binancecoin (BNB) has been listed on Etoro, bringing the number of cryptocurrencies Read more …

Goldman Sachs Onboarding Clients for Bitcoin Derivatives, Insiders Say

Inside sources say Goldman Sachs is already onboarding some of its clients to trade on its Bitcoin derivatives, non-deliverable forward (NDF) contracts platform. However, the bank reportedly has no plans to launch trading support for other cryptocurrency derivatives but is serious about providing custodial services. Goldman Trading Bitcoin Derivatives? According to the International Business Times, the Wall Street Bank is allowing a select group of clients trade a Bitcoin-based derivative product. The lack of fanfare around the reported launch might be Read more …