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New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed Thursday, May 10. Analysis of the relationship between Bitcoin mining costs and price by Fundstrat’s Quantamental Strategist Sam Doctor has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end. The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, known as P/BE, which Doctor says has “proven a Read more …

Amazon AWS, Google Drive, Dropbox, Microsoft OneDrive and Apple iCloud have built a gigantic industry around centralized cloud data hosting. According to Gartner, the global public cloud services market is forecast to be worth more than $305 billion in 2018, more than $355 billion in 2019 and more than $411 billion in 2020. Though the industry is enormous and growing at warp speed, it is now being disrupted by a new decentralized storage and distribution paradigm that could liberate the Read more …

U.S.-based mobile stock trading app Robinhood has announced a $363 million series D funding round that it says will allow the firm to expand its cryptocurrency trading service nationwide by end of 2018. According to a statement published on Thursday, the funding round values the firm at $5.6 billion and was led by DST Global, with Iconiq, Capital G, Sequoia Capital and KPCB also participating. With its coffers now full, the firm said it is now looking to expand its cryptocurrency Read more …

Technology & Security It has been estimated that approximately 6.25% of the total bitcoin supply has been deposited with Xapo – a Hong-Kong Based company providing bitcoin wallet, cold storage, and bitcoin-based debit card services. Xapo claims that BTC deposited with company are held in underground vaults located across five continents. Also Read: Ethereum Founder Responds to Charges of “Insane”, “Plutocratic” Governance Approximately 1,000,000 BTC Estimated to be Held by Xapo According to Bloomberg, two customers of Xapo Read more …

Iranians are increasingly turning to Bitcoin (BTC) and other cryptocurrencies in the wake of the US exit from a multilateral nuclear accord with the country this week. The news has plunged the country into economic turmoil, resulting in a surge of interest towards crypto, as Forbes reports Thursday, May 10. Mounting anticipation that the Obama-era accord would collapse has brought Iran to the brink of a national currency crisis, with the Iranian rial losing around a quarter of its value in Read more …

Bitcoin and blockchain tech are ripe for mainstream adoption in Africa, where the population is well positioned to embrace the innovative technologies as alternatives to the expensive and/or outdated banking systems scattered across the continent. Lack of economic infrastructure paired with inadequate financial education has left a large portion of Africans without bank accounts or basic monetary means. However, in many countries the proliferation of smartphones has allowed access to alternative financial services which have become a dominant means of Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Tech investor Chamath Palihapitiya considers himself a “disciple” of Warren Buffett, but even he does not think the investing icon is a reliable source on the subject of bitcoin. Palihapitiya, who served in various management roles during a four-year tenure at Facebook, told CNBC that technology is outside of Buffett’s “circle of competence,” so he is not inclined to put much stock in his thoughts about Read more …

The Bitcoin price will always subject to a lot of speculation. Some people expect big things, whereas others are convinced BTC will not stick around for that long. Nasdaq chief executive Adena Friedman is extremely bullish when it comes to the world’s leading cryptocurrency. In fact, Friedman is confident Bitcoin is the “next step in the space of currency”. Can Bitcoin Appease the Masses? It has become apparent Bitcoin still has a public image problem. Despite a solid price change Read more …

Decentralized web developer Blockstack has earmarked $1 million to fund decentralized social networks projects, the company announced on Thursday. While developers will determine the particular nature of their projects, the firm hopes the grants will encourage a variety of usable dapps oriented toward the preservation of digital rights, privacy and user choice. “We’re really looking for the best teams to build applications on top of Blockstack that have the highest likelihood of getting widespread user adoption,” the company’s co-founder, Ryan Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. The team behind Kodak’s blockchain-based image rights management platform has announced that the KodakCoin initial coin offering (ICO) will begin later this month — nearly four months behind schedule. WENN Digital, who created the KODAKOne platform and will operate it under the storied Kodak brand, said on Thursday that the KodakCoin ICO will kick off on May 21. WENN had previously said in the coin’s “light Read more …

China will seek to release nationwide blockchain standards by the end of 2019, a government official told local news media May 10. Speaking to Xinxua’s Economic Information Daily (EID), Li Ming, who is director of the Blockchain Research Office at the standards institute under the auspices of China’s IT Ministry, said a dedicated working group had already begun work on the project. The group, which brings together various government agencies, will be known as the Blockchain and Distributed Accounting Technology Read more …