If token issuance looks like a claim on the future value of an enterprise, that is true. The problem is, among the scams that have emerged from what can be called the token-layer of the crypto hierarchy, investing in unproven applications (ideas) is the most prevalent.
Ethereum has risen 3,500% this year; Bitcoin is $8000, up more than 600% since January. Will they climb further? The bad news is that the power needs of miners have risen 43% just since October. The global drain on electricity networks of mining cryptos is now 28 terawatt-hours a year, whereas anything above 19 cents/KWH makes mining unprofitable.
Recent news in the cryptocurrency world has seen former US presidential candidate Ron Paul give his backing to a company offering Bitcoin-based retirement investments. Still a high profile name, Pauls backing for this type of investment activity has caused quite a stir in financial circles.
When Bitcoin Gold was first discussed prior to its launch, confusion ensued in the cryptocurrency community with users trying to determine what exactly it was that Bitcoin Gold meant by pre-mining.
Roger Ver declares Bitcoin Cash to be the “True Bitcoin”
by
rockyshala
on 20/11/2017, 13:57:30 UTC
This year has been a tumultuous one, especially for Bitcoin. Different groups within Bitcoins original community have not been able to even remotely agree on which protocol should be implemented in order to solve Bitcoins scalability problem. One particular group felt strongly that bigger blocks were the solution to the problem and so hard forked away from the original Bitcoin blockchain to create Bitcoin Cash (BCH).
Bitcoin Broke Coinbase CEO Brian Armstrong’s Heart, So He’s Now Focused on Ether
by
rockyshala
on 20/11/2017, 11:16:31 UTC
For anyone who has been paying attention to digital asset onramp Coinbase over the past year or so, its obvious that the company has fallen in love with Ethereum and Bitcoin is no longer the main area of focus. During the recent DFJ Summit, angel investor and This Week in Startups Host Jason Calacanis asked Coinbase CEO Brian Armstrong to explain why his love for Bitcoin has faded.
Developers turning to hard forks rather than ICOs for fundraising
by
rockyshala
on 20/11/2017, 10:57:17 UTC
Originally, companies who need to fund their development cryptocurrency projects did so by providing Initial Coin Offerings (ICOs). For those who need to do this fundraising, a new trend is emerging: the hard fork.
Bitcoin breaches the $8,000 mark after massive head fake
by
rockyshala
on 18/11/2017, 14:41:48 UTC
Late on November 16th, Bitcoin broke the $8,000 level for the first time, capping out at $8,020 on Bifinex before receding to $7,900 at press time. Its becoming repetetive to read about Bitcoin beating its previous high, but on this occasion its different Bitcoin pulled off a massive head fake
According to Balaji Srinivasan, a prominent venture capital investor and Earn.com CEO, everyone below the age of 30 will have never known a world without Bitcoin. Earn.com is a Bitcoin-focused startup that has managed to raise more than a hundred million dollars in its early-stage funding.
Morgan Stanley CEO Gorman plays down Bitcoin growth
by
rockyshala
on 17/11/2017, 13:22:28 UTC
If there is one subject that seems to divide the large financial investors and investment banks, it is Bitcoin! While the stunning year the cryptocurrency has seen to date has amazed all with its 700% growth, some have not always been too complimentary about it.
Bitcoin has now recovered its recent losses and stands at $7610, 5% up on the day so far with BCH down a precipitous 18% at $1012, sicker than the supposedly doomed BTG, up over 5% at $168.53.
In another great bit of news for the cryptocurrency industry, payments app Square has added Bitcoin into its network. The $16 billion-valued company has officially integrated Bitcoin into its mobile platform which means millions of its users can now buy, sell and store the cryptocurrency easily.
Bitcoin bringing new excitement to the property market
by
rockyshala
on 16/11/2017, 15:46:10 UTC
Cryptocurrencies like Bitcoin are beginning to find a presence in the property market, as sellers are seen to be putting a Bitcoin price tag on their house. Estate agents have noticed a surge in interest when a Bitcoin accepted here sign is added to a property, and it makes sense that Bitcoin could play a big role in the property market someday. But, in the current climate, is it a good idea to sell a house for Bitcoin?
Blockchain wallet to add full Bitcoin Cash support by 2018, plus SegWit
by
rockyshala
on 16/11/2017, 14:46:22 UTC
The creators of the Blockchain cryptocurrency wallet announced on November 15 that they will be adding SegWit and full support for Bitcoin Cash in the near future.
On November 12, during a tumultuous weekend when Bitcoin saw a challenge thrown down by upstart Bitcoin Cash, another crypto was quietly launched: Bitcoin Gold. Its reception was either ignored or sneered at in the Press. Amidst headlines such as Bitcoin Gold Fails To Impress Investors and Bitcoin Gold Goes Live After Bumpy Blockchain Launch, it seemed the obituary was already being composed. But should we write off Bitcoin Gold?
Concerns raised over North Korean cryptocurrency hackers
by
rockyshala
on 15/11/2017, 21:22:52 UTC
Claims have arisen from the Korea Internet & Security Agency (KISA) that North Korea-based cybercriminals have started to ramp up malware attacks against the users and service providers of digital currencies in South Korea. Evidence also suggests that the hackers have targeted the digital currency companies themselves too.
One dollar invested in Bitcoin in 2010 is now worth $58,000. One thousand dollars would be worth $58 million. Despite more Bitcoins being mined, demand still by far outstrips supply.
The last week or so has been a tumultuous one for Bitcoin. According to recent analysis, the price of Bitcoin has always increased substantially after any dips greater than 20%.