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
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
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
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
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