Please share if you find this article interesting. 2018: The Year Blockchain, AI and IoT Converge Jalak Jobanputra is founder and managing partner of FuturePerfect Ventures, an early-stage venture fund investing in decentralization and digital assets. The following article is an exclusive contribution to CoinDesk's 2017 in Review. 2017 was the year that cryptocurrency became mainstream. But what’s even more exciting to many of us who have been investing in the sector for the past several years is the development of the underlying technology. Blockchain technology, which powers most cryptocurrencies, is in nascent stages. This past year, we started seeing some early proof points of how this new infrastructure can be used, including the announcement by the Australian Securities E
Please share if you find this article interesting. KFC Canada Is Accepting Bitcoin for Fried Chicken Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is. The limited-time marketing move sees the Canada-based chain advertising "The Bitcoin Bucket" complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin. That said, you can't exactly walk into a KFC location in Canada and pay with crypto at the cash register. Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer's address (
Please share if you find this article interesting. Defying Wider Market Downtrend, Bitcoin Cash Eyes $3K Bitcoin cash looks set for a gravity-defying move upwards. Data source CoinMarketCap shows the world's fourth largest cryptocurrency by market capitalization rose as high as $2,961 yesterday before closing the day (as per UTC) at $2,895.38. However, prices dipped to a low of $2,396 at 04:34 UTC, possibly in response to reports that South Korea – one of the world's largest cryptocurrency markets – is considering an outright ban on cryptocurrency trading. As of writing, bitcoin cash (BCH) is trading back up at $2,670 levels – up 5.57 percent in the last 24 hours. Also, BCH is bucking the broader market trend. As per CoinMarketCap, bitcoin has depreciated by 2 percent in the last
Please share if you find this article interesting. Bitcoin Price Stays Heavy Amid Korean Regulatory Reports Despite the two-way action on the price of bitcoin over the last 24 hours, the bears still appear to have the upper hand. CoinDesk's Bitcoin Price Index (BPI) fell to $13,455 yesterday before rising back above $14,900. At that point, it appeared bitcoin (BTC) had found a bottom, but the ascent was cut short at $14,942 and prices fell further to $12,845 at 04:29 UTC – very likely on fears South Korea may soon announce an outright ban on cryptocurrency trading at exchanges. With South Korea one of the biggest markets for cryptocurrencies, such a ban by the nation would definitely weaken the demand side pressure. As a result, markets reacted negatively to the news. However, th
Please share if you find this article interesting. Crypto Cat and Mouse: 2018 Will Be the Year of Policy Subterfuge Pavel Matveev is the CEO of Wirex, a bitcoin wallet and payment card provider. The following article is an exclusive contribution to CoinDesk's 2017 in Review. The new year will usher in regulatory arbitrage amongst companies that want to develop innovative solutions, as well as from states seeking to maximize tax receipts from cryptocurrency-related businesses. While this may sound like a bold statement given what we saw in 2017, I believe the controversy brought by state approaches to cryptocurrency regulation this year far will exceed that of last year. In the regulatory world of financial services, the divergence of attitudes between state regulators is striki...
Please share if you find this article interesting. Down But Not Out: Ripple Bulls May Regain the Upper Hand The 50 percent decline of Ripple's XRP token from the record highs may have strengthened the bears, but chart analysis indicates further downside may be limited. As per data source OnChainFX, the world's third-largest cryptocurrency by market capitalization has depreciated by 16.85 percent in the last 24 hours. As of writing, XRP is trading at $1.88 levels. Part of the price drop from $3.36 to $2.07 witnessed on Monday can attributed to data provider CoinMarketCap's unannounced decision to exclude three Korean exchanges, causing its global average to suddenly drop. The resulting selloff came to halt after the change in average calculation methodology became public, allowing
Please share if you find this article interesting. Goodbye ICOs, Hello TAOs? How Tokens Will Change in 2018 Christopher Pallotta and Vincent Molinari are the co-founders of Templum, an alternative trading system designed for cryptographic assets. The following article is an exclusive contribution to CoinDesk's 2017 in Review. As we enter 2018, it appears that blockchain's contribution to capital formation has only begun. An unfortunate influx of both naive and bad actors begs for regulatory scrutiny, obscuring the intentions of ethical market participants anxious to operate within an informed set of dynamic guidelines and eventual laws. In this environment, many anticipate increased regulatory action and enforcement by the SEC against issuers in 2018, and we will. But I don't e
Please share if you find this article interesting. Downside Exposed? Bitcoin Continues Slide to Below $14K Bitcoin is looking weaker on charts today, courtesy of a three-day losing streak. Coindesk's Bitcoin Price Index has dropped 18 percent in the last three days and extended losses to $13,455 levels today – the lowest level since Jan. 1. As of writing, bitcoin is at $13,830 levels. Data source OnChainFX indicates the world's largest cryptocurrency by market capitalization has depreciated by 7.18 percent in the last 24 hours. Bitcoin (BTC) is also down 30 percent from the record high of $20,000 set in December. As per popular definition, BTC is in a bear phase (more than 20 percent drop from the peak). Further, the price charts suggests that bitcoin could extend its decline am
Please share if you find this article interesting. Beyond the Red Tape: The Path Ahead for Token Sales Mason Borda is a tech entrepreneur focusing on blockchain infrastructure and security. He is currently the CEO and co-founder of TokenSoft Inc, a crypto treasury management and white label token sale platform. The following article is an exclusive contribution to CoinDesk's 2017 in Review. It began with some source code and a white paper. Bitcoin, initially launched as a technical curiosity with no ascribed value beyond its merits as a digital currency, designed to solve the Byzantine Generals' Problem. The ease of transfer inherent in the cryptocurrency made it a popular currency of choice for crowdfunding the ethereum platform in 2014. Since its launch, the platform as becom...
Please share if you find this article interesting. Ether Bucks Bearish Trend to Hold Above $1,200 The price of ether, the native token of the ethereum platform, is bucking the bearish trend seen in top 10 cryptocurrencies by market capitalization. As per data source OnChainFX, ether (ETH) has appreciated by 7.44 percent in the last 24 hours. Meanwhile, bitcoin, litecoin, stellar lumens and dash are down at least 3 percent each. Tron is down 11 percent, while Ripple (XRP) has depreciated by 8.9 percent on the day. As of writing, ETH is trading at $1,232.34 levels. Bullish comments by Ethereum co-creator Steven Nerayoff may have helped put a bid under ether. While speaking to CNBC, Nerayoff said that increased projects built on ethereum platform could yield a "flippening" (when ETH...