2019 has been the year of Bitcoin, while altcoins like Ethereum, Ripple, Litecoin, and others have continued to suffer and fall further from their all-time high prices set back at the height of the crypto hype bubble in late 2017 and early 2018. But according to one crypto analyst, Ethereum may have bottomed and an extended bullish rally may be ahead as the second-largest crypto by market cap catches up on ground it lost against Bitcoin during the year. Ethereum Read more …
The Oxford English Dictionary, published by the Oxford University Press, has added ‘satoshi’ to its compendium of the English language. First used less than seven years ago, satoshi is the newest word added to the dictionary. The addition was made as part of a quarterly update to the respected source’s database that also includes the words ‘Manhattanhenge’, ‘whatevs’ and a revised history of ‘fake news’. According to the now official OED definition, a ‘satoshi’ is “the smallest monetary unit in the Read more …
The second quarter of 2019 demonstrated a growing popularity of the initial exchange offering (IEO), which has replaced the outdated initial coin offering (ICO) model. The new trend — the key role of which is played by a cryptocurrency exchange auditing projects and organizing token sales — has established itself positively among startups. Crypto market stats show that over 65 IEOs have been launched in the past six months, with about 40 of them having reached their soft cap or even Read more …
While Bitcoin price (BTC) is moving in a close range and altcoins start to move upwards, the overall sentiment of the market is still fear. Crypto market data. Source: Coin360 Fear is a normal expression seen from investors during downwards trending markets as traders and investors tend to be fixated by short term movements, similar to the euphoria in December 2017. However, is it justified to have this fear checking the macro perspective of the market, or is it providing Read more …
Cryptocurrency investment and infrastructure platform Layer1 has secured $50 million from a number of industry stakeholders in a Series A funding round. As Fortune reported on Oct. 15, venture capitalist and PayPal co-founder Peter Thiel, early-stage investor Shasta Ventures, along with other industry players committed $50 million to Layer1, which plans to build a wind-powered Bitcoin (BTC) mining facility in West Texas. Layer1 is reportedly planning to vertically integrate its mining operation in the United States. The place nobody has Read more …
The Ethereum (ETH) leadership is showing signs of becoming a force to be reckoned with, commented bitcoin pioneer Nick Szabo. While Ethereum was inherently democratic, the need to perform a series of hard forks and upgrades has put the developer team in charge. Ethereum Developers Steer Transfer to ETH 2.0 Now, Ethereum has unrolled once again the drive to move on to ETH 2.0, the proof-of-stake version of the network. But while early hard forks happened with the support of Read more …
The United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has published draft regulations for crypto assets. Seeking feedback from the industry According to an official statement from Oct. 15, the SCA will be collecting public feedback on the draft regulations until Oct. 29 before providing the final drafted legislation regarding the industry. All parties involved in the crypto industry, including investors, brokers, financial analysts, researchers, media and others, are invited to provide their feedback on the document, the SCA Read more …
The social trading and investing platform eToro has partnered with analytics and finance management startup The Tie to launch a sentiment-based analytical tool to track people’s perception of cryptocurrencies. eToro unveiled the new strategy, dubbed TheTIE-LongOnlyCopyPortfolio, in an official announcement on Oct. 15. The strategy analyzes digital currency-related conversations, processing 850 million tweets every day by means of machine learning and natural language processing technology. Opening trades on positive sentiment signals only When parsing through social media messages, the tool Read more …
A Twitter poll by bitcoin evangelist Pierre Rochard discussed whether the Lightning Network is a suitable tool for BTC transactions on crypto exchanges. Poll Signals to Lightning Network Curiosity Should Bitcoin exchanges enable Lightning deposits and withdrawals? — Pierre Rochard (@pierre_rochard) October 14, 2019 Proponents of LN believe it would be a good fit for crypto exchanges. Lately, exchanges have become extremely skeptical of inbound transactions, especially after a series of partial spending or 51% attacks affecting coins based on Read more …
At Devcon 5 last week, CoinDesk’s Leigh Cuen sat down with MyCrypto CEO Taylor Monahan to chat about user adoption and the state of ethereum. Founded in 2015, MyCrypto makes the blockchain more accessible through customer-first products for ethereum and ERC-20 tokens. As Monahan told CoinDesk, MyCrypto focuses on the customer experience: “People are used to the Googles and the Facebooks and you type in your username and your password and if you forget it like they’ll recover it for Read more …
Advertisment eToro users can now invest in a professional-grade algorithmic strategy from The TIE October 15, 2019 — eToro, the leading global investment platform, announces the launch of TheTIE-LongOnly CopyPortfolio, offering users access to a sentiment-based, AIgo-driven investment strategy from The TIE, a cryptocurrency data analytics platform trusted by some of the largest traditional quantitative hedge funds as well as crypto-specific funds. Guy Hirsch, US Managing Director of eToro, said: “In traditional markets, retail investors have historically lagged behind the Read more …
Advertisment Satoshi, Bitcoin’s smallest divisible unit, is now an official English word. While it has been used in the crypto community for years, the Oxford English Dictionary (OED) added the term earlier this month. Satoshi unit in the dictionary The crypto community needs new words to explain different aspects of the new technology, new processes and a new market. Just think of Blockchain, Bitcoin, Dapp, Security Tokens, Initial Coin Offer (ICO), Hodl and so on which confuse one or the Read more …