Please share if you find this article interesting. Parity Calls for Ethereum Hard Fork to Reverse $230 Million Bug - Bitcoin News Security Hard forks to reset a cryptocurrency to a previous state can be very contentious, tearing apart communities of supporters into warring factions. Ethereum already underwent such a scenario after the DAO debacle, creating a precedent, and now Parity is asking for a hard fork. Also Read: A Hacker Gained Access to the Bitcoin Gold Windows Wallet Github You Need a Fork to Squash a Bug The team behind Parity Technologies, the developers of the Parity multi-signature wallet, have called today for a new hard fork of ethereum in order to solve the consequences of a recently found bug in the code. In a blog post about the subject, the Parity team
Please share if you find this article interesting. Investors are Selling Gold to Invest in Bitcoin, Key to Multi Trillion Dollar Market Cap According to ACG Analytics US macro strategy head Larry McDonald, investors have begun to sell gold to invest in bitcoin through the newly launched bitcoin futures exchange of the Chicago Board Options Exchange (CBOE). Bitcoin is Penetrating into the Gold Market Since September, the value of gold miners ETF (GDX), the largest gold exchange-traded fund (ETF) in the market, has fallen by nearly 15 percent. In the past, McDonald noted that the value of gold ETFs were correlated to the price trend of bond yields. But, this week, McDonald explained that the decline in the price of gold ETFs was triggered by the rapid increase in demand for bitcoin...
Please share if you find this article interesting. Bitcoin Gold Defies Gravity, But Price Rally Looks Weak Bitcoin gold is defying gravity today, but analysis suggests the upturn in prices may be ephemeral. The cryptocurrency, which was created via a hard fork of bitcoin in mid-November, topped out above $500 levels soon after launch, but since then has gradually been losing weight as the most unloved of the bitcoin clones. However, the world's seventh largest cryptocurrency by market value bounced up to $288.68 early this morning (as per UTC) before falling back to $240 levels, according to CoinMarketCap. Currently, BTG is holding well above the yesterday's low below $200 ($253 at press time), and has appreciated by 9 percent over 24 hours. Even so, the price chart analysis indi...
Please share if you find this article interesting. How to Make Blockchain Projects and ICOs Appealing to Traditional Investors, Explained Why don’t traditional investors like to invest in ICO projects that much? Here is the thing. About 228 Blockchain startups have collectively raised over $3.6 bln as of Oct. 16, 2017. A huge portion of these ICOs was to raise funds for companies that haven’t started operations yet. A whitepaper and template website, and in some cases high-profile advisors, are all a majority of these Blockchain startups have. And the fact that people are willing to invest in such opportunities speaks to an underlying hunger that the 21st-century investor has for investment opportunities that promote fairness, improved transparency and accessibility. But with
Please share if you find this article interesting. DASH and Litecoin Analysis December 12, 2017 DASH/USD DASH continues to be very choppy, forming a bit of a “W pattern” over the weekend. Because of this, I believe that we are eventually going to break out to the upside but a move above the $800 level is necessary for momentum to build and send it much higher. In the meantime, short-term pullbacks might be opportunities to build a position, with the $600 level offering a “floor.” LTC/USD Litecoin took off on Monday, breaking above the $180 level, and looks likely to reach towards $200 next. However, we are getting a bit overextended, and the volume isn’t necessarily that impressive. Because of this, I would wait for pullbacks to take advantage of bullish pressure, and would b
Please share if you find this article interesting. Ethereum Analysis December 12, 2017 ETH/USD Ethereum has been choppy over the last several days, as the weekend was noisy. Most of the interest around the world seems to be focused on Bitcoin and the reaction of the Chicago’s future markets, so Ethereum has creeped to the back burner. However, it looks as if we are making a serious run towards the $500 level, so on a break above there I believe that the market has much higher to go, probably targeting $580. ETH/BTC Ethereum was noisy over the weekend against Bitcoin as well, but seems to be trying to turn to the upside as I record. However, I look at the 0.035 level as significant resistance, and therefore I’m looking for signs of exhaustion to start selling again, as Bitcoin
Please share if you find this article interesting. Precious Metals Dealer Apmex Now Accepts Bitcoin for Purchases - Bitcoin News Finance Bitcoin users can now purchase a variety of precious metals, bullion, coins, bars and numismatics products from the popular online dealer Apmex. The firm announced accepting bitcoin on December 8 and said they are “thrilled to welcome the use of cryptocurrency.” Also Read: Bitfinex Experiences Withdrawal Difficulties Bullion Dealer Apmex Accepts Bitcoin for Over 10,000 Products Apmex is a well-known online precious metals dealer that has sold billions worth of bullion since its inception in 1999. The company was founded by Scott Thomas when he formed the American Precious Metals Exchange, and the name was shortened to Apmex in 2004. The com
Please share if you find this article interesting. Bitcoin Analysis December 12, 2017 BTC/USD Bitcoin has been very volatile over the weekend, reaching as low as $13,000. However, after futures trading opened a, it became apparent that buyers were jumping into the Chicago exchange. Because of this, I believe there has been a bit of a “knock on effect” in the underlying asset. At this point, a break above the $17,000 level suggests that we are going much higher. Otherwise, expect pullbacks to eventually find support. BTC/JPY Bitcoin fell rather significantly against the Japanese yen over the weekend, but found enough support at the ¥1.5 million level to turn around and rally back towards the ¥2 million level. A break above that ¥2 million level suggests that we are going to co
Please share if you find this article interesting. Futures Launch Puts Record Bitcoin Highs Back in Play Having landed on Wall Street with a bang, bitcoin is solidly bid and looks set to scale new heights. As per CoinDesk's Bitcoin Price Index, the world's largest cryptocurrency by market capitalization rose to a high of $16,773.04 at 08:00 UTC today, and was last seen trading at $16,500 levels. Going by CoinMarketCap data, bitcoin (BTC) has appreciated 16 percent in the last 24 hours. It hasn't all been smooth sailing this week, however. Following all-time highs on Dec. 8, prices fell to $13,000 yesterday before recovering to $15,700 at the time of bitcoin futures launch on the CBOE. Approximately four hours after the debut, the BTC contract on the CBOE (which expires in January...
Please share if you find this article interesting. Whales and Killer Whales: Bitcoin’s Big Money Movers Bitcoin has become unavoidable in really the last few weeks. It has been bubbling under for a while now, in terms of mass appeal and understanding, but its recent wave of adoption has sent it spurting out into mainstreet. However, despite the influx of individuals, the core of Bitcoin users, holders and influencers remains a small, tight-knit community. The early adopters, the technology fanatics and the bold entrepreneurs of a few years ago hold most of the sway. These are the Whales of the Bitcoin pond, and according to Bloomberg, as few as 1,000 people may own around 40 percent of all existing Bitcoin. In that respect, how much control do these 1,000 or so people have on mov