Enterprise Blockchain is in a “Trough of Disillusionment”

There are few people who have worked in the blockchain technology space for so long and maintained such a seemingly disinterested and skeptical perspective on the emerging technology as Tim Swanson. Through numerous books and a blog, Tim has shown a knack for going out of his way to do deep market research within the blockchain space. This week on Let’s Talk Bitcoin, Tim Swanson, Director of Research at Post Oak Labs, talked with Epicenter’s Brian Fabian Crain and Sebastien Couture. His most notable work within the space has happened…

Expect Some Lower Lows Before the Next Bounce

Two days ago, I outlined a potential BTC-USD price breakdown due the broken hypodermic trendline.  Since then, the price has dropped nearly $7,000 and is showing signs of further downward continuation.  Let’s take a look at the chart from the last BTC-USD market analysis: Figure 1:  BTC-USD, 4-Hour Candles, Trend Prior to Breakdown As you can see, the price was holding on by a thread near the red, hypodermic trendline.  Once it managed to break this trend, the price immediately and aggressively dropped.  Thus, the market signaled the end of…

Fedcoin Could Be Coming Soon, But Would It Really Challenge Bitcoin?

The idea of “Fedcoin,” a cryptocurrency sponsored by the U.S. government and managed by the Federal Reserve, has been around for quite some time. “Imagine that the Fed, as the core developer, makes available an open-source Bitcoin-like protocol (suitably modified) called Fedcoin,” a Federal Reserve VP speculated already in 2015. The idea gained traction also in Europe in connection with the financial crisis in Greece, and was notably discussed in a “Eurocoin” context by former Greek Minister of Finance Yanis Varoufakis. Earlier this year, Nobel Prize–winning economist Joseph Stiglitz said he believes “very strongly” that…

Bitcoin Drops, But Investors Are Encouraged to Hold

Bitcoin, along with many of the other cryptocurrencies, has witnessed a dramatic price drop Friday, with Bitcoin losing almost 50% at its lowest compared to the $20,000 high it had achieved at the beginning of the week. Currently, the coin’s price has readjusted to $14,860 since falling, so already it looks to be in a recovery phase – and this is what many analysts are focusing on and using to keep the calm among the crypto investors. Many analysts are encouraging investors, especially new-to-the-block investors, not to panic about the…

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…

What is Bitcoin ?

What is Bitcoin? BTC, short for Bitcoin, is a decentralized virtual currency that was invented by Satoshi Nakamoto. The anonymous inventor or group published a white paper in 2008 as a proof of concept, then released it as open-source prototype software in 2009. Bitcoin uses peer-to-peer technology to operate without a central authority or banking institution; managing transactions and issuing new BTC, also known as mining, is carried out collectively by the network. Bitcoin has many unique characteristics compared to traditional credit cards such as international payments, low transaction fees,…

SEC Halts Multimillion-Dollar ‘Munchee’ ICO for Securities Violations

A California-based company has refunded tokens sold in a $15 million initial coin offering following an investigation by the U.S. Securities and Exchange Commission (SEC). The SEC announced today that Munchee Inc. had provided refunds to investors after officials made contact and drew issue with its token sale, which the agency said constituted the offer and sale of unregistered securities. The development represents the latest high-profile move by the agency to regulate initial coin offerings, coming roughly a week after the SEC filed a fraud suit against the organizer of the…

Pantera Invests $3 Million in Sharing Economy Token Origin

It can be said the sharing economy brought the internet into the real world, helping it move real items rather than just information. On today’s web, though, if you want to rent out your camera or desk, you need a specific site for each one (think Airbnb, 99 Designs or DogVacay), and each site takes a hefty cut from every sale. The founders at Origin, however, envision a world where entrepreneurs would build specific interfaces for each business area, all of which would share one giant pool of customers to…