What Does Grayscale’s GBTC Falling Premium Tell us About Bitcoin Price?

Grayscale’s Bitcoin Trust shares (GBTC) are currently trading at $7.49 per share, a 15.81% premium of Bitcoin. GBTC is the first publicly quoted security “solely invested in and deriving value from” Bitcoin and since listing it has been known to trade at a high premium, having hit a 2020 high of 41.42% on Feb. 18. The premium is usually accentuated when prices are high. The GBTC-BTC premium has dropped by over 30% since February this year, following Grayscale’s registration as a reporting company with the United States Securities and Exchange…

“Ethereum Moves at The Speed of Vitalik”

Cointelegraph recently sat down for an interview with Ethereum (ETH) co-founder and Cardano (ADA) founder Charles Hoskinson. During the interview, he discussed his criticism of the development of the Ethereum platform. “His first project” Hoskinson believes that one of the main reasons why Ethereum’s development has struggled is that too much hinges on Vitalik Buterin personally: “So, basically Ethereum moves at the speed of Vitalik. So if he knows how to do something very well and he’s become very competent in something, they have a handle on it. But when…

Baseline Developers Propose DTL-Based Coronavirus Contact Tracing

Developers working on Baseline, an enterprise smart contract and tokenization platform developed by Microsoft, Ernst & Young, and ConsenSys, are working to solve several flaws identified with Apple and Google’s proposal for coronavirus tracking initiatives. Google and Apple propose a contact tracing solution that would add cross-platform APIs that allow health authorities to monitor users. Both brands have discussed rolling out related software updates next month. The plan suggests using a phone’s Bluetooth Low Energy to detect other devices within 30 feet of each other. This would allow infected individuals…

Two More Crypto YouTube Channels Restored After Being Blocked by the Platform

Two new crypto-related channels were recently blocked by YouTube. Some creators are alleging that this is part of an ongoing campaign by the video platform against creators who publish cryptocurrency-related content. In less than 24 hours, however, the bans were lifted and both channels were fully restored. BTC Sessions, a blockchain-based YouTube channel which has been active since 2016, reported via Twitter on April 17 that their account was notified that it had committed “repeated or severe violations” of the platform’s community guidelines. However, after approximately eight hours, YouTube decided…

More Industry Players Weigh in on Bitcoin’s Path Once Businesses Reopen

Industry players said Bitcoin’s (BTC) price could be impacted once U.S. governing bodies lift COVID-19 prevention measures, such as stay-at-home orders and business closures.    “When the world economies begin to recover and come back online after printing, in the case of the U.S. government trillions of dollars, Bitcoin will most likely become more bullish than we’ve ever seen it,” Metal Pay CEO Marshall Hayner told Cointelegraph in a message, adding: “Altcoin markets with solid foundation and utility with strong usage will potentially move beyond previous heights as we will…

More Crypto Development Means More Trading Returns, Findings Say

A new report preprint shows a correlation between crypto asset prices and their code developers.  “We reveal that the first coding event linking two cryptocurrencies through a common developer leads to the synchronization of their returns in the following months,” said a preprint research report titled, From code to market: Network of developers and correlated returns of cryptocurrencies.  It’s all in the code Destined by their code underpinnings, cryptocurrencies hold internal laws and guidelines concerning a number of aspects, such as security and availability, the beginning of the 37-page report explained.  …

Mark Cuban and Tyler Winklevoss Squabble Over Bitcoin Complexity

Despite being over a decade old, Bitcoin (BTC) is still not particularly easy to understand. Even major BTC bulls like Tim Draper have admitted that Bitcoin still lacks ease of use for mainstream adoption. In the same vein, two key figures in the community held an informal Twitter debate over Bitcoin’s complexity today. Debate intro: Cuban might change his mind about Bitcoin if it gets so easy that “grandma can use it” Mark Cuban, one of the most well-known Bitcoin sceptics, prefers to own bananas than invest in bitcoins. Cuban…

G-20’s Harsh Stance on Stablecoin Is a Step Forward, but Regulators Have More to Learn

According to a study released by the G-20’s Financial Stability Board on April 14, stablecoins pose a pertinent risk to the financial stability of the global economy and therefore need to be regulated in a manner that is not only meticulous but also future ready.  Additionally, as per data released by the FSB, members of the G-20 have been advised to make use of their existing financial rules — especially those related to money laundering and terrorism funding — in regard to any stablecoin offerings that may be available within…

Binance Is “A Ticking Time Bomb”

Kadan Stadelmann, the chief technology officer of decentralized exchange AtomicDEX, believes it’s only a matter of time before Binance implodes. Atomic bomb AtomicDEX is a decentralized exchange built on top of the Komodo (KMD) multi-chain platform. It claims to be “the industry’s most advanced peer-to-peer mobile-first atomic swap protocol”. Talking to Cointelegraph, Stadelmann explained why users should not trust big centralized exchanges like Binance: “I absolutely do think [Binance] is just like a ticking time bomb. We don’t know what is happening with these funds, are they even in a secure…

Far From Feeling Threatened, EOS Community Wants Block.One to Get Involved

In an unprecedented move, Block.One announced on April 8 that it would begin voting for block producers, or BPs. This marks a clear change in the company’s policies, which previously went to great lengths to dissociate itself from EOS.  Block.One’s stake amounts to slightly less than 10% of all EOS, which makes it the single largest stakeholder in the ecosystem. This gives it vast, though by no means unlimited, power when choosing block producers.  But unlike some other blockchains like Steem, where the relationship between the community and the founding…