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What Bitcoin’s Valuation Says About Its Volatility

What Bitcoin’s Valuation Says About Its Volatility

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Please share if you find this article interesting. What Bitcoin’s Valuation Says About Its Volatility Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. For a primer on crypto valuation concepts, you can download our free report here. Most of us think we understand the term “volatility.” We digest headlines about tense political situations around the world; we are wary of explosive chemical compounds; some of us have had relationships with their fair share of ups and downs. “Volatility” implies sharp and unpredict
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You Can Now Prove a Whole Blockchain With One Math Problem – Really

You Can Now Prove a Whole Blockchain With One Math Problem – Really

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Please share if you find this article interesting. You Can Now Prove a Whole Blockchain With One Math Problem – Really The Electric Coin Company (ECC) says it discovered a new way to scale blockchains with “recursive proof composition,” a proof to verify the entirety of a blockchain in one function. For the ECC and zcash, the new project, Halo, may hold the key to privacy at scale. A privacy coin based on zero-knowledge proofs, referred to as zk-SNARKs, zcash’s current underlying protocol relies on “trusted setups.” These mathematical parameters were used twice in zcash’s short history: upon its launch in 2016 and first large protocol change, Sapling, in 2018. Zcash masks transations through zk-SNARKs but the creation of initial parameters remains an issue. By not destroying a tr
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Bitcoin Price Indicator May Signal Next Leg Higher

Bitcoin Price Indicator May Signal Next Leg Higher

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Please share if you find this article interesting. Bitcoin Price Indicator May Signal Next Leg Higher History looks to be repeating itself in the bitcoin market, as a key indicator’s bullish turn could mark the beginning of the next meteoric price rally. The world’s most valuable cryptocurrency’s price action seen over the last eight months is very similar to the moves seen in 2015, according to Bitstamp data. For instance, the bitcoin bear market ended near $3,100 in mid-December 2018 and prices built a base below $4,000 in the following three months before breaking into a bull market on April 2. Notably, the bear market drop ran out of steam two months before the 50- and 10-week moving averages confirmed a bearish crossover (in February 2019). Further, the new bull market began
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Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring 

Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring 

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Please share if you find this article interesting. Largest Bitcoin ATM Network Coinme Raises New Funding from Ripple’s Xpring  Coinme, which provides kiosks and ATMs for digital currencies, raised $1.5 million in a Series A-1 financing round that included Ripple’s subsidiary Xpring and Blockchain Finance Fund. Proceeds from the funding will be used for additional licensing to expand its U.S. and international coverage. The company is licensed to operate bitcoin ATM’s in 29 states and will apply for licenses further state licenses in the near future, Neil Bergquist, co-founder and CEO of Coinme told CoinDesk. As for international markets, Coinme has set its eyes on Europe, Central and South America given the high popularity of cryptocurrencies in these countries, Bergquist added.
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Bitcoin Eyes Move to $10,950 Hurdle After Price Breakout

Bitcoin Eyes Move to $10,950 Hurdle After Price Breakout

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Please share if you find this article interesting. Bitcoin Eyes Move to $10,950 Hurdle After Price Breakout View The 4-hour chart is reporting a bullish breakout. As a result, bitcoin could challenge key resistance at $10,956 in the next few days. Daily chart indicators also indicate scope for a retest of recent highs. A UTC close above $10,956 (Aug. 20 high) would activate twin bullish cues and open the door to $12,000. A high-volume break below Wednesday’s low of $9,855 would revive the bearish view, although, that looks unlikely. Bitcoin has regained poise in the last 48 hours and could revisit recent highs in the next couple of days, charts suggest. The top cryptocurrency by market capitalization picked up a bid at lows below $9,900 on Wednesday and rose past $10,100 yesterda
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Huobi Plans Backdoor IPO Attempt in Hong Kong, Document Suggests

Huobi Plans Backdoor IPO Attempt in Hong Kong, Document Suggests

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Please share if you find this article interesting. Huobi Plans Backdoor IPO Attempt in Hong Kong, Document Suggests Cryptocurrency exchange Huobi appears to be inching towards a reverse initial public offering (IPO), according to a document posted with Hong Kong Stock Exchange (HKEX). In the filing, dated Sept. 10, Hong Kong-listed electronics manufacturer Pantronics Holdings Limited, acquired by Huobi last August, disclosed it will change its name to Huobi Technology Holdings Limited. The company transferred more than 221 million ordinary shares to Huobi Group at its acquisition, according to shareholding disclosures. The $77 million deal made the cryptocurrency exchange the majority shareholder in Pantronics, with an over 73 percent stake in the company. The deal was reported
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History Favors the Bulls as Bitcoin Trades Sideways at $10K

History Favors the Bulls as Bitcoin Trades Sideways at $10K

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Please share if you find this article interesting. History Favors the Bulls as Bitcoin Trades Sideways at $10K View Bitcoin’s long-term bullish bias remains intact, with prices holding well above the historically strong support of the three-day chart’s 55-candle exponential moving average (EMA), currently at $8,972. The line served as a strong base in the 2016–2017 bull market. A bullish falling-wedge breakout on the 4-hour chart looks likely and could pave the way for a retest of recent highs above $10,900. The prospects of a breakout would weaken if prices find acceptance below Wednesday’s low of $9,855 on the back of a rise in selling volumes. That would expose support at $9,320 (Aug. 29 low). Bitcoin’s (BTC) price rally has stalled in the last 10 weeks, but the bullish case r
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Binance to List Its New Dollar-Backed BUSD Stablecoin Next Week

Binance to List Its New Dollar-Backed BUSD Stablecoin Next Week

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Please share if you find this article interesting. Binance to List Its New Dollar-Backed BUSD Stablecoin Next Week Binance’s new dollar-backed stablecoin, BUSD, created in partnership with the Paxos Trust Company, will be made available for trading on the cryptocurrency exchange the week of Sept. 16. Announced on Thursday at CoinDesk’s Invest: Asia conference, Paxos co-founder Rich Teo said: “We minted out first batch of Binance U.S. dollars. It will be made available for trading starting next week [against] a few trading pairs such as BTC and BNB.” Earlier this month, the Paxos Trust Company, which already issues its own dollar-backed and gold-backed stablecoins, obtained additional regulatory approval from the New York Department of Financial Services (NYDFS) to issue BUSD. N
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PwC Report Shows Major Growth in Crypto M&A in Asia and Europe

PwC Report Shows Major Growth in Crypto M&A in Asia and Europe

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Please share if you find this article interesting. PwC Report Shows Major Growth in Crypto M&A in Asia and Europe A majority of fundraising and M&A deals in the cryptocurrency industry are now happening in Asia and Europe, surpassing the previously dominant role of the Americas, according to a new report from PwC. Released on Thursday at CoinDesk’s Invest: Asia event, the professional service firm’s analysis of the crypto ecosystem found that 41 percent of global fundraising deals in Q2 2019 took place in Europe. Europe saw 34 percent of global fundraising deals in the same period last year. Similarly, cryptocurrency fundraises in the Asian market have jumped significantly, accounting for 26 percent of the deals in Q2 2019. Combined, the two regions accounted for 67 percent of th
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Bobby Lee Returns With Ballet, a Crypto Hardware Wallet for the Masses

Bobby Lee Returns With Ballet, a Crypto Hardware Wallet for the Masses

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Please share if you find this article interesting. Bobby Lee Returns With Ballet, a Crypto Hardware Wallet for the Masses More than a year after he sold one of China’s longest-running bitcoin exchanges, Bobby Lee, co-founder and former CEO of BTCC, is back. Announced Thursday at CoinDesk’s Invest: Asia event in Singapore, Lee’s new venture, Ballet, is rolling out a hardware wallet supporting multiple cryptocurrencies. To differentiate its product and spur adoption outside crypto circles, Ballet will generate public addresses and private keys for users in advance. Lee believes this design will make it easier for people who have no exposure to crypto to get hands-on experience with the asset without having to go through the set-up process most hardware wallets require. “We wanted t