Please share if you find this article interesting. US Dollar Will End 2017 as Worst Year Since 2003, While Bitcoin is Up 1,372% The US dollar has recorded the largest annual decline in value since 2003 and is forecasted to end 2017 at a three-month low against other major currencies like the Chinese yuan and Japanese yen. Separating money and state Meanwhile, Bitcoin, the most valuable cryptocurrency in the market with a $227 bln market valuation, is en route to ending the year recording a 1,341 percent increase in value, as one of the most profitable cryptocurrency in the global market behind Ripple, Litecoin, Dash and Ethereum. Several analysts such as Chris Gaffney, president of World Markets at EverBank, told Reuters that the value of US dollar would likely further decline t...
Please share if you find this article interesting. Ripple Becomes Largest Altcoin As Bitcoiners Issue Warnings Ripple (XRP) has overtaken Ethereum as the largest altcoin by market cap in a surge which has divided the cryptocurrency community. After the payment network’s token reached as much as $2.65 on some exchanges this week, investors are celebrating returns which have topped 1,000 percent in just three weeks. At the start of December, XRP traded at just $0.24. Multiple altcoins have seen astronomical gains towards the end of this year as Bitcoin’s own surge fueled copycat behavior which saw new all-time highs for assets including Monero, Ethereum and Ethereum Classic. With a market cap of $91 bln at press time Saturday, however, it is XRP that has stolen the show from Ethere
Please share if you find this article interesting. SegWit2x Version 2.0 - a Farce? If we are to believe what we are told - the Bitcoin Blockchain has forked once again after the revival of SegWit2x. The fork, which was abandoned in November due to a lack of consensus among original signatories of the New York Agreement, proposed an increase in Bitcoin’s block size from 1mb to 2mb in an effort to improve its scalability. Much like Coinbase’s surprise announcement of Bitcoin Cash support a week ago, SegWit2x’s revival popped up on the internet courtesy of a new website, headed up by a completely new team of developers from those that had worked on the original SegWit2x code. The developers celebrated the launch of SegWit2x at block number 501451 on Dec. 28, although potential users
Please share if you find this article interesting. What DAO? Charting Ether's Epic 2017 Price Climb For ether, the cryptocurrency that powers the ethereum network, 2016 was defined in part by the creation and subsequent collapse of The DAO, the blockchain-based investment vehicle that raised more than $150 million at then-current prices. Yet as 2017 comes to a close, the cryptocurrency is closing the books on a banner year for its value, having surged from less than $10 one year ago to more than $700 as of press time. Buoyed by the overall growth of the cryptocurrency market. In this article, we look at some of the major market moments seen in the past 12 months, culminating with the cryptocurrency's temporary push above $800. Slow start Ether was in a rough spot as 2016 came t...
Please share if you find this article interesting. Top 10 Companies of the Blockchain Industry in 2017 2017 was definitely the year of Blockchain and cryptocurrencies. Bitcoin has surged from more than $950 at the beginning of the year to as high as $20,000. The total market capitalization of all the cryptocurrencies hit the $600 bln mark in December. We also saw an enormous growth in the number of the Initial Coin Offerings - from one or two a week in 2016, to dozens of ICOs in seven days in 2017. Cointelegraph is launching the “New Year’s Special” series of articles to highlight the results of this year and to get ready for the upcoming 2018. In this article, let’s have a look at companies that have performed better than others during this remarkable year for the industry. Ethe
Please share if you find this article interesting. 2017: The Year Crypto Became a New Asset Class Hunter Horsley is the co-founder and CEO of Bitwise Asset Management, a startup offering index fund products that track the emerging cryptocurrency asset class. The following article is an exclusive contribution to CoinDesk's 2017 in Review. 2017 has been a watershed year for crypto assets. The combined market cap rocketed from $15 billion in January to over $600 billion by year's end. And in doing so, crypto assets crossed another kind of threshold, transforming from something easily dismissed to something hard to ignore. The multiple-thousand percent price appreciation has been accompanied by trade volumes well over $1 billion since May, continued low correlations to other assets
Please share if you find this article interesting. Blockchain Asset Registries: Entering the Slope of Enlightenment? Juan Antonio Ketterer and Gabriela Andrade specialize in financial markets for the Inter-American Development Bank, the largest source of development financing for Latin America and the Caribbean. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Improving access to productive finance in Latin America and the Caribbean is the bottom line of our work. The reason is simple: access to finance is essential for an economy and, therefore, a key determinant of its productivity and economic growth. The problem is that the financing of productive activities, particularly small- and medium-sized enterprises (SMEs), can be jeopardized by issue
Please share if you find this article interesting. India’s Ministry of Finance Compares Bitcoin and Cryptocurrencies to ‘Ponzi Schemes’ India’s Ministry of Finance has claimed that Bitcoin and the other digital currencies are “like Ponzi schemes” and investors should take extra caution when investing in them, in a statement issued this Friday. The ministry added that the cryptocurrencies lack “intrinsic value,” as well as the backing by any assets and “mere speculation” is the only reason why their prices continue to increase. In its statement, the Ministry reiterated that there is a real and heightened risk of an investment bubble in the cryptocurrency market that is similar to Ponzi schemes. This may result in an immediate and prolonged crash where investors, particularly the r
Please share if you find this article interesting. Banks of Future Will Face Digitally-Empowered Customers: Expert Blog Expert Blog is Cointelegraph’s new series of articles by crypto industry leaders. It covers everything from Blockchain technology and cryptocurrencies to ICO regulation and investment analysis. If you want to become our guest author and get published on Cointelegraph, please send us an email at [email protected] Over the last 10 years, mobile phones have introduced the Internet into all our economic and social interactions. Already, in places such as Chinese, we see mobile apps like WeChat and Alipay dominating more than 90 percent of the payments market. They are not competing for profits, but to learn their users’ likes and dislikes, and to understand th
Please share if you find this article interesting. Startup Seeks to Lower Costs, Improve Outcomes by Tokenizing Healthcare Healthcare is a political and social landmine. According to TechCrunch the average American spends close to $10,000 for healthcare, with the entire industry being worth $3 trln. The World Health Organisation and World Bank report that nearly 100 million people around the world are forced to choose between food and healthcare. This frightful dilemma affects those living in developed and developing countries alike. It is becoming imperative to develop better systems that can deliver healthcare in a more affordable, transparent and secure way. To ensure better accessibility to adequate health services, we need to focus on efficiency and technology enabled soluti...