Please share if you find this article interesting. Bitcoin Risks Return to December Lows After Price Drop to $3.5K After breaching key support on Sunday, emboldened bears could soon push bitcoin (BTC) prices back towards $3,100. Following a drop to a 3.5-week low of $3,476 at 16:00 UTC yesterday, the cryptocurrency closed at $3,516, effectively invalidating the bullish view put forward by the higher low of $3,566 carved out on Dec. 27. That move also added credence to the bearish reversal signaled by the 9 percent price drop witnessed last Thursday. Put simply, the bears have strengthened their control of the market, after the bulls failed to penetrate the head-and-shoulders neckline resistance of $4,130 and build a stronger rally last week. As of writing, BTC is changing hands a...
Please share if you find this article interesting. The Time Is Now: We Need an Active Approach to Blockchain Inclusion Alexis Gauba is co-founder at she256, a nonprofit dedicated to increasing diversity and breaking down barriers to entry in the blockchain space, and Mechanism Labs, which is conducting blockchain based research experiments in the domains of distributed consensus, scalability, and usability. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Blockchain technology has been challenging norms and pushing boundaries since its inception, and 2018 was no different. We saw a selection of projects on bleeding-edge frontiers, unlocking ideas that didn’t previously exist and actions that simply weren’t possible before. This struck me personally.
Please share if you find this article interesting. Web 3.0’s Crypto Winter Mission: Keep Our Heads Above the Hype Jutta Steiner is the founder and CEO of Parity Technologies, a blockchain infrastructure and innovation focused company building platforms and applications. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. The past year has seen an onslaught of doom-and-gloom narratives shower down on our fledgling movement, in stark contrast to the inflated hype cycle we swam through the year before. I am here to report that this year has, in fact, been a tremendously productive one for the teams hard at work building the decentralized web’s core infrastructure. We are far from drowning in the expectations that were set 2017 – rather, we have a found ref
Please share if you find this article interesting. Bitcoin Price Looks South After Worst Daily Loss Since November Bitcoin’s (BTC) price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $4,100. The world’s largest cryptocurrency by market value hit a 3.5-week low of $3,503 yesterday, before closing (as per UTC) at $3,627 – down 9.4 percent on the day. That was the biggest single-day drop since Nov. 24 and the fourth biggest daily loss of the last two months, according to CoinDesk’s Bitcoin Price Index (BPI). Essentially, the hard-fought gains of the last two weeks have been erased in the last 24 hours. The cryptocurrency had carved out a bullish-higher low near $3,550 on Dec. 27 before crossing $4,000 on Jan. 6. The follow-thro
Please share if you find this article interesting. NASA Eyes Blockchain Tech to Secure Aircraft Flight Data NASA – the National Aeronautics and Space Administration – is examining blockchain technology as a means to ensure the privacy and security of aircraft flight data. Ronald Reisman, an aero-computer engineer at NASA Ames Research Center, published a paper on Monday, suggesting that blockchain networks and smart contracts can help mitigate some security issues. Starting Jan. 1, 2020, the U.S. has been mandated by the Federal Aviation Administration (FAA) to use a new surveillance system – Automatic Dependent Surveillance Broadcast (ADS-B) – which will publicly broadcast aircrafts’ identity, position and other information. That has raised security concerns among stakeholders,
Please share if you find this article interesting. ‘0% Success’: Why Blockchain Apps Just Aren’t Taking Off Yin Wu is the founder of Dirt Protocol, a protocol for decentralized information curation that aims to organize the world’s data and make it freely accessible. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. In 2018, the promise of a decentralized future fell apart. The most widely used dapps have a few thousand daily users and a study of 43 blockchain applications found a zero percent success rate. With so much funding and talent in the space, why do we have so little success to show? There is a broken process for building and launching blockchains applications today. Rather than working within an low-risk environment that supports iterations
Please share if you find this article interesting. Bitcoin Price Tumbles 10% as Crypto Markets Flash Red The price of bitcoin fell more than 10 percent during Thursday’s trading session as the cryptocurrency erased a large portion of its recent gains. At 6:00 UTC, bitcoin opened the trading hour at a price of $4,018, but fell to $3,748 before the hour was complete. After trading sideways until 16:00 UTC, the sell-off accelerated to a low of $3,570, according to CoinDesk pricing data. Bitcoin’s current price of $3,610 reflects a $367 difference and more than 9 percent drop from its 24-hour opening price of $3,995, CoinDesk data further reveals. In the last 24-hours, a total of $6.4 billion of bitcoin was traded across exchanges as its total market capitalization fell roughly 7 pe
Please share if you find this article interesting. Bitcoin Price Slips Below $3.8K as Bullish Bets Tank Bitcoin is losing altitude as an unwinding of bullish bets is creating downward pressure on prices. As of writing, BTC is changing hands at $3,780 on Bitstamp – down 5 percent on a 24-hour basis – having found offers above $4,000 at 06:00 UTC. Notably, the price drop is accompanied by a decline in the bullish bets. For instance, the BTC/USD long positions on the Bitfinex exchange fell to an eight-day low of 31,237 earlier today and are currently down 8 percent at 31,255 – the biggest single-day drop since Dec. 19. Further, the long-short ratio has pulled back to 1.35 from the five-month high of 1.5 reached yesterday, indicating waning bullish sentiment. What’s more interesting
Please share if you find this article interesting. Crypto Mining Malware Has Netted Nearly 5% of all Monero, Says Research Monero (XMR) is by far the most popular cryptocurrency among criminals deploying mining malware, according to a new study. Two researchers, Sergio Pastrana and Guillermo Suarez-Tangil, from Universidad Carlos III de Madrid and King’s College London, respectively, published their report last week, estimating that hackers have mined at least 4.32 percent of the total monero in circulation. Pastrana and Suarez-Tangil write: “Overall, we estimate there are at least 2,218 active campaigns that have accumulated about 720K XMR (57M USD). Interestingly just a single campaign (C#623) has mined more than 163K XMR (18M USD), which accounts for about 23% of the total es
Please share if you find this article interesting. Bullish Sentiment for Bitcoin Is at a 5-Month High The ratio of long-to-short positions placed on bitcoin (BTC) has reached its highest level in over five months on cryptocurrency exchange Bitfinex. At press time, the BTC long positions placed on the exchange total 33,750 units, worth $137.3 million at current market prices, whereas the number of short positions is roughly 11,000 units less at just 22,787 – now worth just under $93 million. This creates the long-to-short ratio of nearly 1.5:1 – its highest since August 6th of last year. Bitcoin longs and shorts (Bitfinex) The drop in short positions is not exactly surprising, considering the price of bitcoin fell roughly 50 percent between Nov. 14 and Dec. 14, giving traders amp