Please share if you find this article interesting. How Low Can Bitcoin Go? Charts Hint $11k Might Be in Play Bitcoin is increasingly looking topped-out as excitement fades over the recent launch of the first futures products to focus on the cryptocurrency. As per CoinDesk's Bitcoin Price Index, the cryptocurrency was last seen trading at $17,000, down from the record high of $19,783 set on Dec. 17. Overall, bitcoin has depreciated by 4 percent in the last 24 hours, according to data source CoinMarketCap, but it's perhaps the movement behind that figure that's most notable. Bitcoin's 24-hour trading volume has jumped above $19 billion – its highest since Dec. 8. The high volume sell-off indicates strong hands are at play and price weakness could extend over the coming weekend. App
Please share if you find this article interesting. The 2017 Tapscott Prediction Scorecard Don Tapscott is the CEO of The Tapscott Group, one of the world’s leading authorities on the impact of technology on business and society. He has authored over 15 books, including "Blockchain Revolution," published in May 2016 by Portfolio. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Notwithstanding our admonition in "Blockchain Revolution" that "the future is not something to be predicted but something to be achieved," a year ago my son Alex Tapscott and I made some predictions for 2017. A key theme was the issue of governance. As we wrote in our submission for CoinDesk's 2016 in Review, "In 2017, we need to get our act together. Decentralization is cr
Please share if you find this article interesting. Bring on the FUD: 2017 Was The Year Bitcoin Became Anti-Fragile Jimmy Song is a bitcoin developer, an instructor for Dev++ and the owner-operator of his own in-depth technical bitcoin seminar called Programming Blockchain. The following article is an exclusive contribution to CoinDesk's 2017 in Review. As bitcoin approaches $20,000, continuing to create new millionaires along the way, it's easy to deceive ourselves and think that we could all see this coming. It's hard to remember now, but the mood entering 2017 was a far cry from the optimism that we see in the bitcoin community after something like a 20x price rise. SegWit had not yet activated. The New York Agreement, UASF, bitcoin cash, let alone bitcoin gold, were not in e
Please share if you find this article interesting. Coinbase Halts Bitcoin Cash Trading Abruptly After Exchange Launch Shortly after the sudden news it would add support for the cryptocurrency bitcoin cash, U.S. exchange startup Coinbase has already moved to disable trading of its newest asset. Announced today via a blog post to users, the decision to add the cryptocurrency, the third-largest by market capitalization, comes months after developers backing the effort cloned the bitcoin blockchain, effectively creating a competing network that claimed to enable a greater volume of transactions. Using a mechanism called a hard fork, however, the project created unique complications for exchanges, as by copying bitcoin's ledger at the time of the split, Coinbase users who held bitcoin...
Please share if you find this article interesting. $2,300 and Rising: Bitcoin Cash Eyes Gains Against Bitcoin Bitcoin cash scaled new heights today and looks solidly bid against its rival bitcoin (BTC). As per CoinMarketCap, the world's third-largest cryptocurrency by market capitalization toppled its previous record high of $2,477.65 (Nov. 12 high) and rose to a new record of $2,501.29 at 09:44 UTC today. Bitcoin cash (BCH) was last seen trading at $2,350 levels, meaning the 21 percent rally seen in the last 24 hours has pushed the gains since its launch to 316 percent. Meanwhile, week-on-week, BCH has appreciated 43 percent. The stellar rally is a part of the broad-based strength witnessed in the alternative currencies since last Tuesday. With bitcoin (large cap) showing signs ...
Please share if you find this article interesting. Blockchain's 2018 Goal? Human Rights Over Financial Gains Thessy Mehrain is director of product and innovation at ConsenSys, where she works on dapps and protocols to enable social innovation via the ethereum blockchain. She is also the founder of "Women in Blockchain" New York, a distributed global network building diversity and inclusion. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. 2017 was an exciting year for blockchain. Despite the fact that the world today is rife with discord and polarization, there are those who are passionate about building a better future, one where people are empowered to self-organize and the institutions that underpin society actually work for the people
Please share if you find this article interesting. Bitcoin Risks Bearish Price Reversal as Altcoins Surge Bitcoin prices are feeling the pull of gravity today, amid solid gains across many alternative cryptocurrencies. Having soared to new record highs around $20,000 over the weekend, the world's largest cryptocurrency by market capitalization has since dropped to sub-$18,000 levels. Bitcoin (BTC) has depreciated by 5.3 percent in today's session, and was last seen changing hands at $17,4500 levels, as per CoinDesks's Bitcoin Price Index (BPI). Meanwhile, ether (ETH) and bitcoin cash (BCH) have both hit new all-time highs today (as per CoinMarketCap), having gained 16.6 percent and 26.6 percent, respectively, in the last 24 hours. With the cryptocurrency market as a whole now wo...
Please share if you find this article interesting. 2018 for ICOs: A Quarter-By-Quarter Outlook Emma Channing is the CEO and general counsel of the Satis Group, an investment group focused on blockchain and digital finance. The following article is an exclusive contribution to CoinDesk's 2017 in Review. As specialists in the ICO market, we assist our clients in optimizing the execution of their ICOs, and understanding the constantly shifting state of crypto capital markets is no small part of that exercise. Looking back, 2017 was wild ride, with huge contrasts between some predictable developments (such as the move towards ATS exchanges and security tokens) and less predictable patches (resulting from deal fatigue and forks). It must be said that although certainty in any market
Please share if you find this article interesting. Litecoin Faces Key Hurdle in Push Back to Record Highs Price chart analysis suggests litecoin could soon revisit record highs. If so, the development would mark a reversal from last week, when the world's fifth largest cryptocurrency reached new heights at $341.80, only to lose ground to bull market exhaustion. However, most notably, the subsequent dip to $251.22 on Dec. 15 low is now proving short-lived. As of Monday, LTC is trading back above $300, averaging $320 across global exchanges. As per CoinMarketCap, it has appreciated by 0.4 percent on the day, but the sharp recovery only underscores the market's strong "buy the dip" mentality. And with the huge bitcoin (BTC) bull run showing some signs of fatigue near the $20,000 ma
Please share if you find this article interesting. The Transformed Role of Government in the Blockchain Era Dr. Aisha Bin Bishr is director general at Smart Dubai Office, a city-wide initiative to transform Dubai into the world's smartest and happiest city. The following article is an exclusive contribution to CoinDesk's 2017 in Review. Having been part of the U.A.E. government's rapid transformation over the last two decades, I find myself, for the first time, at an unusual junction: Business as usual or complete disruption and reassessment of the role of government and its relationship to its constituents. The culprit for the disruption in this scenario is blockchain, the technology that has rattled the world in 2017 and brought back reminisces of the dot-com days – namely "a