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CoinDesk’s Crypto-Economic Data Is Now Accessible on GitHub

CoinDesk’s Crypto-Economic Data Is Now Accessible on GitHub

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. CoinDesk’s Crypto-Economic Data Is Now Accessible on GitHub Nolan Bauerle is research director at CoinDesk. For more data and insights, visit the CoinDesk Crypto-Economics Explorer.  Starting today, CoinDesk will use GitHub to help crowdsource potential methodology changes and data sources for our Crypto-Economics Explorer (CEX), our comprehensive data tool designed to measure and compare crypto assets.  After we launched the beta version of our tool in November, the clearest critical comment we heard was related to our methodology for calculating developer interest in a blockchain. More precisely, we heard feedback on the decision to only count activity on one GitHub code repository toward each blockchain’s “developer score.”  T
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Why ‘Mainstream Adoption’ Is an Unfair Success Metric for Dapps

Why ‘Mainstream Adoption’ Is an Unfair Success Metric for Dapps

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Please share if you find this article interesting. Why ‘Mainstream Adoption’ Is an Unfair Success Metric for Dapps Coleman Maher is the head of partnerships at Origin Protocol, a blockchain platform for peer-to-peer marketplaces. You can follow him on Twitter @colemansmaher. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Two popular refrains by crypto commentators in 2018 were “the herd is coming” and a call for “mainstream adoption.” Prognosticators openly speculated on the impact institutional investors would have on the value of the crypto assets in their portfolios. Although we did see bitcoin futures launch, exploding venture capital activity and Yale’s endowment dipping its toes in crypto investing, prices have gone down, not up. We are still
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Bitcoin Price Consolidation May Have Weakened Bear Case

Bitcoin Price Consolidation May Have Weakened Bear Case

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Please share if you find this article interesting. Bitcoin Price Consolidation May Have Weakened Bear Case Bitcoin’s eight-day stretch of consolidation looks to have weakened the prospects of a drop back to December lows near $3,100. The leading cryptocurrency by market value has been restricted to a narrow range of $3,500 to $3,700 since Jan. 11. That range play is somewhat surprising, as BTC had set the stage for a quick slide toward December lows near $3,100 with a 9 percent drop on Jan. 10 – the biggest single-day decline since Nov. 24. Notably, prices fell to $3,500 that day, erasing the hard-fought gains of the preceding two weeks. Despite the sharp bearish reversal, a convincing break below the psychological support of $3,500 has remained elusive for eight days. That could
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Bitcoin Price Volatility is Down 98% Year-on-Year

Bitcoin Price Volatility is Down 98% Year-on-Year

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Please share if you find this article interesting. Bitcoin Price Volatility is Down 98% Year-on-Year Bitcoin price volatility has crashed in the last 12 months as the bear market killed off the speculative frenzy. Daily volatility, as represented by the spread between the price high and price low, stood at $61 yesterday – down a hefty 98 percent from $3,468 seen on Jan. 16, 2018 – according to CoinMarketCap. That is hardly surprising, as BTC is currently down 74 percent from $13,836 (price on Jan. 16, 2018). That said, daily volatility was still extremely high  – the cryptocurrency had witnessed a 26 percent move (high-low difference divided by price) on Jan. 16, 2018 – which indicates that the cryptomarket frenzy was at its peak in January last year. Volatility, however, subside
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One Year Later, What’s Holding Back SegWit Adoption on Bitcoin?

One Year Later, What’s Holding Back SegWit Adoption on Bitcoin?

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Please share if you find this article interesting. One Year Later, What’s Holding Back SegWit Adoption on Bitcoin? It’s been over a year since the scaling upgrade known as segregated witness, or SegWit, was activated on the bitcoin network. Even so, only an estimated 36 percent of all bitcoin transactions are actually using it. Why the minimal adoption rate? It’s largely because, like any backward-compatible upgrade (otherwise called a soft fork), SegWit ensures participants in the bitcoin network that haven’t upgraded to the same software can still follow the same network only under a slightly less-restricted ruleset. As a result, some bitcoin businesses and exchanges have put off making the switch to enable SegWit transactions despite the low-fee advantage that it presents when
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Will Bitcoin’s Price Extend Its Four-Year January Losing Streak?

Will Bitcoin’s Price Extend Its Four-Year January Losing Streak?

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Please share if you find this article interesting. Will Bitcoin’s Price Extend Its Four-Year January Losing Streak? Bitcoin (BTC) has reported losses in January for the last four years, and a fifth now looks on the cards. The leading cryptocurrency by market value fell 32 percent, 14.6 percent, 0.10 percent and 26.64 percent in the first month of 2015, 2016, 2017 and 2018, respectively, according to CoinDesk’s Bitcoin Price Index. Notably, the odds are stacked in favor of BTC extending the four-year January losing streak this year. BTC fell 13 percent last week, signaling an end of the corrective bounce from the December low of $3,122. The sell-off reinforced the bearish view put forward by the downward sloping 10-week simple moving average. As a result, a drop to $3,122 in the n
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Bitcoin Futures Now Trading At Discount to Exchange Prices

Bitcoin Futures Now Trading At Discount to Exchange Prices

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Please share if you find this article interesting. Bitcoin Futures Now Trading At Discount to Exchange Prices Signs are emerging that the futures market may not be impressed by bitcoin’s recovery from 15-months lows in December – at press time, the cryptocurrency’s spot price is higher than the futures price. As of writing, the global average or spot price calculated by CoinDesk’s Bitcoin Price Index (BPI) is currently $3,650 – up 16.9 percent from the low of $3,122 reached on December. Meanwhile, futures contracts are trading below the spot price. BTC futures As seen above (CME chart), January futures are reporting a $20 discount (futures price-spot price). Further, contracts expiring in February, March and June are trading at a discount of $30, $40 and $80, respectively. A fut
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This Price Resistance Level May Hold Key to Bitcoin Bull Market

This Price Resistance Level May Hold Key to Bitcoin Bull Market

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Please share if you find this article interesting. This Price Resistance Level May Hold Key to Bitcoin Bull Market That bitcoin (BTC) may be closing on a long-term bottom is generally accepted by now. After all, the leading cryptocurrency by market value has dropped by close to 70 percent over the last 13 months. The challenge now is to pick up early signs of a long-term bearish-to-bullish trend change, which may be possible with the help of the 10-week simple moving average (SMA). Acting as resistance, that moving average proved a tough nut to crack in the eight weeks to Nov. 14 – the day BTC reentered the bear market with a big drop below $6,000. Further, BTC has charted bearish-lower highs above the 10-week SMA in the last 13 months. Hence, acceptance above that hurdle could b
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The ‘Thirdening’ Approaches: How to Watch Ethereum’s Fork as It Happens

The ‘Thirdening’ Approaches: How to Watch Ethereum’s Fork as It Happens

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Please share if you find this article interesting. The ‘Thirdening’ Approaches: How to Watch Ethereum’s Fork as It Happens The world’s third largest blockchain by total value, ethereum, is about to upgrade its code. Named Constantinople, the system-wide upgrade, or hard fork, is set to enact several tech improvements, most designed to increase usability and improve smart contract design, should users of the network decide to upgrade to the new software when it’s introduced this week. Already, excitement is gathering around the upgrade, with developers pointing to one particular update – named EIP 1014 or Skinny CREATE2 – as potentially paving way for new technical innovations. Still, statistics currently demonstrate that the adoption of Constantinople have been low to date. While
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All Crypto Is Created Equal? That’s What Regulators Seem to See

All Crypto Is Created Equal? That’s What Regulators Seem to See

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Please share if you find this article interesting. All Crypto Is Created Equal? That’s What Regulators Seem to See Mason Borda is an entrepreneur who has spent his career building secure infrastructure to enable the compliant transfer of digital assets. He is the CEO and co-founder of TokenSoft Inc, which offers a suite of products focused on institutional grade compliance for companies to issue and manage digital assets and digital securities. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. As we enter 2019, it’s clear that blockchain technology is predicted to disrupt a range of industries, and that the future of blockchains may reside with tokens. In fact, in the second half of 2018, security tokens became one of the most written about areas with