Please share if you find this article interesting. Poof, Your Money's Gone: Building for a New Wave of Blockchain Users Taylor Monahan is the founder of MyEtherWallet, an open-source, client-side interface for generating ethereum wallets and interacting with the ethereum blockchain. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. It's easy to ignore how simple things are today, and even easier to miss how much larger things will be tomorrow. We underestimate, misestimate, write off exponential as linear and react to the five-minute candlesticks as if they are the whole picture. Everything is relative. Unless we zoom out, we won't see that peaks are growing taller each day, nor that the valleys are barely blips given full context. When we
Please share if you find this article interesting. Cleaning Up the Crypto Markets: A Job for 2018 Scott Ryan is a credit analyst and avid follower of the cryptocurrency markets. The following article is an exclusive contribution to CoinDesk's 2017 in Review. First things first: I'm quite fond of the Wild West environment in which we currently operate – the excitement and uncertainty are unparalleled by a night at the casino, let alone the current debt and equity markets. And while the current environment is wrought with misinformation, pump-and-dump traders and scam coins, at the same time, it's bursting at the seams with innovation, partnerships with blue-chip corporations and thought leaders of the modern era. Finding a treasure after sifting through so much garbage is exhila
Please share if you find this article interesting. Stocks That Soared On Crypto News Are Also Sinking Today Today's cryptocurrency market plunge has ensnared the prices of several publicly-traded companies that in recent days have sought to tout their work with cryptocurrencies and blockchain. Firms like Long Island Iced Tea (which this week declared that it would rebrand as "Long Blockchain Corp"), Riot Blockchain and LongFin are down, according to available market data. The developments are a notable one, given that the past days have seen numerous reports about little-known firms – some of which specialized in the sale of, say, iced tea or electronic trading tools – that see their stock prices jump virtually overnight once they announce that they are moving to develop products
Please share if you find this article interesting. Buying Bitcoin? Investment Funds Will Be on the Blockchain, Too Mona El Isa is co-founder and member of the board at Melonport AG, a decentralized digital asset management platform, and a former VP of equities trading at Goldman Sachs. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Imagine a future where humans play a minimal role in setting up, regulating and reporting regulatory requirements of investment funds, where the process is underpinned by reliable, cutting-edge technology. It's a future that's not as far away as you might think, and it's not being built by an existing bank or institution that you will have heard of. Instead, it is being built by a new group of technical pioneers who
Please share if you find this article interesting. Jamming on Economics: What Comes After Crypto's Summer of Love Ryan Zurrer is principal and venture partner at Polychain Capital, where he leads investments in decentralized blockchain protocols and distributed projects. The following article is an exclusive contribution to CoinDesk's 2017 in Review. If 2017 is to be remembered as a time when cryptographic tokens enabled novel distributed network concepts and significant capital was raised, 2018 will bring more maturity in crypto-economic systems and decentralized applications. With that in mind, I have been calling summer 2017 the "Summer of Crypto Love." Here in San Francisco, it was the 50th anniversary of the "Summer of Love" – a magical unique moment where artists and inte
Please share if you find this article interesting. All of the Top 20 Cryptocurrencies Hit Record Highs This Week Each of the top 20 cryptocurrencies by market capitalization hit an all-time price high in the past four days, according to market data. Data site OnChainFX reports that those cryptocurrencies saw price highs this week, including several – such as XRP, zcash and NEM – that occurred in the past day. At the same time, the data also indicates that a number of those top-20 performers have seen price pullbacks in the wake of hitting those highs. Bitcoin cash, after spiking above $4,000 in the wake of a listing by cryptocurrency exchange startup Coinbase, is down roughly 19 percent. Bitcoin's price fell below $16,000 today after nearing $20,000 over the weekend. According to
Please share if you find this article interesting. 2017: Saluting the Shakespearean Shitcoin Drama That Was Arthur Hayes is a former derivatives trader for Deutsche Bank and Citigroup, and the current CEO of bitcoin derivatives exchange BitMEX. The following article is an exclusive contribution to CoinDesk's 2017 in Review opinion series. Act I: Bye bye China 2017's epic cryptocurrency rally may seem sudden. It's not. To understand where we went, we have to go back all the way to August 2015, when the PBOC conducted a shock devaluation of the yuan. Imminent fears of more currency debasement prompted Chinese bitcoin punters to break the cryptocurrency out of its $200-to-$300 prison. By 1 Jan. 2017, bitcoin rose 5x to $1,000. Unknowingly priming the market were yuan bears who dom
Please share if you find this article interesting. How Regulators Become Blockchain Innovators Ryan Peterson is general manager for economic policy at the Central Bank of Aruba, where he researches complex adaptive systems theory. The following article, an exclusive contribution to CoinDesk's 2017 in Review, represents his personal opinion and does not necessarily reflect the views of Central Bank of Aruba. Monetary and macro-prudential policies have traditionally been the main occupancy of central banks and financial regulators. But the recent surge in financial technologies, cryptocurrencies and digital transformation is gradually shaping strategic thinking and tinkering on regulatory innovation. While regulatory reactions have been ambivalent, ambiguous and oftentimes antago
Please share if you find this article interesting. Ripple Price Passes Historic $1 Milestone Chart via CoinMarketCap.com The price of Ripple's XRP token has passed a dollar for the first time in its history.Currently the fourth-largest cryptocurrency by market capitalization, XRP passed the milestone just before press time, achieving an all-time high of $1.06, as per CoinMarketCap data. The rally in XRP follows months of sideways trading for the cryptocurrency, which took an upwards turn a week ago following positive news flow for banking-focused Ripple, as well as generally surging prices among alternative coins as investors look to move money out of an overstretched and falling bitcoin. Most recently, the company announced in late November that Standard Chartered and Axis Ban...
Please share if you find this article interesting. Writing the Blockchain Rulebook in 2018 Josh Garcia is a fintech and blockchain Lawyer at Cooley LLP, where he helps clients with compliance advice, government enforcement actions and inquiry letters. The following article is an exclusive contribution to CoinDesk's 2017 in Review. The regulators are coming. They have formed committees, subpoenaed documents, studied white papers, and will march into 2018 armed with enforcement actions. These actions will be more in the vein of re-actions, as regulators will attempt to stem the darker tides of cryptocurrency: promises of ludicrous returns, Ponzi schemes, and other obvious violations of securities laws. When the gavel lands, even the best-meaning and most honest developers may hav...