Another Day Another New Low For Crypto Markets

FOMO Moments Crypto markets dump to new lows again; Bitcoin Cash, SV, nearly dead, Litecoin surviving. As predicted yesterday crypto markets have dumped to a new low during intraday trading. A minor recovery during the week could not be sustained and total market capitalization has fallen to a new low of $101 billion a few hours ago. Bitcoin led the drop when it fell through support at $3,400 a couple of days ago and kept going back down to a new 2018 low of $3,205 at 22.00 UTC. A quick…

Read more

BTI Claims Only Two of Top 25 Crypto Exchanges Accurately Report Volume

The Blockchain Transparency Institute (BTI) has published its December 2018 “Exchange Volumes Report,” claiming that only two of the top 25 cryptocurrency exchanges by reported volume on Coinmarketcap pairings accurately report their trade volume. The report also asserts that wash-trading is estimated to comprise 99 percent of the purported volume for 12 of the top 25 cryptocurrency pairings by reported volume. Also Read: Cryptocurrency Enthusiasts Can Pay $10 Million for a 12-Night Stay in Space BTI Claims Binance and Bitfinex Accurately Report Volume According to the BTI’s December report, the two…

Read more

New Financial Projects Gain Momentum in Period of Political Uncertainty

Less than a week after a new financial blueprint for Europe was proposed, by a 50-strong group led by Thomas Piketty, another pioneering economic system that aims to reduce inequality has been gaining momentum in London. On Thursday, December 13, the GoodDollar experiment – an ecosystem that explores how decentralised cryptocurrency and blockchain technology may enable models based on universal basic income (UBI) – received widespread praise at The Next Web’s Hard Fork Decentralized conference. Following GoodDollar’s official launch, by eToro CEO Yoni Assia at November’s Web Summit 2018 in…

Read more

Buttrfly Pioneers Influencer Marketing on the EOS Blockchain at Art Basel 2018

Buttrfly achieved a major milestone at Art Basel Miami 2018 by inaugurating a live test of its decentralized application (DApp). It is believed that this is the first ever influencer marketing campaign to utilize the EOS Blockchain. Buttrfly’s proprietary platform utilizes smart contracts to automate the contracting, verification, and payment settlement processes for influencer marketing. The Fly App created an Instagram campaign that was broadcasted by Michael Terpin, a blockchain industry thought leader, and influencer Naeem Al-Obiadi, CEO of Traders Profit Club. Buttrfly enabled the creation, verification, and automatic settlement…

Read more

Free Speech Social Network Gab Starts Accepting BTC

Gab, a social network dedicated to preserving freedom of speech, has announced that its store now accepts BTC directly after banks and payment processors denied the platform service. “Literally no one can no-platform our new crypto shop,” Gab announced. The platform integrated Btcpay Server after it was refused service by Coinbase and Bitpay. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Gab Begins Accepting BTC Social network platform Gab announced on Thursday that its integration of Btcpay Server has been completed. Its store now accepts payments…

Read more

The Crypto Markets May be in a Rout, But the Blockchain Job Market is in Full Swing

Although the crypto markets are caught in a persisting bear market, blockchain jobs are in a raging bull market, with blockchain developer job growth topping this year’s LinkedIn Emerging Jobs Report. The report, which was released by LinkedIn on December 13th, analyzes the fastest growing jobs in the US, and notes that the blockchain industry was the fastest growing job market in 2018. Crypto Crashed, But Blockchain Still Thriving  Although the cryptocurrency markets have faltered throughout 2018 and are currently sitting at their lowest price levels since mid-2017, the blockchain development…

Read more

Bahrain’s Central Bank Issues Draft Crypto Regulations

The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.   Also read: New Bitcoin ATM Tracker Site Launches in Russia Addressing Market Demand The regulations have been released for consultation and the bank has set Dec. 31 as the deadline for providing feedback. The proposals have been published on…

Read more

Bitcoin Sets Fresh 2018 Low at $3,200, Altcoins Plunge

Following its recent period of instability, Bitcoin has now plunged to new 2018 lows and has sent the altcoin markets spiraling downwards. Today’s drop has led the overall cryptocurrency market capitalization down to $102 billion, a level not seen since August of 2017. At the time of writing, Bitcoin (BTC) is trading down nearly 6% at its current price of $3,230, down from its 24-hour highs of $3,430. Bitcoin’s previous 2018 low was set on December 7th when it fell to just under $3,300. Analysts Expect Bitcoin to Fall Below…

Read more

These Two Analogies Will Help You Explain Bitcoin to Anyone

Featured Explaining Bitcoin to someone who knows nothing about Bitcoin isn’t easy. In fact it’s fiendishly tricky. Describing concepts such as blockchain, decentralized networks, and permissionless ledgers to beginners is as tough as describing the color orange to a blind person or the taste of an orange to someone who’s never peeled one. Two new Bitcoin analogies surfaced this week, however, that should make that task easier. Also read: Password Manager App Dashlane Mocks Cryptocurrency Owners How to Explain Bitcoin to Anyone Complete the following sentence: “Bitcoin is like ____.” Defining…

Read more