The cryptocurrency market is hard to keep up with. With thousands of altcoins circulating, it can be difficult to evaluate which ones are worth investing in, and it is even harder to follow their constant fluctuations. If this exponentially growing and ever-changing market can be disturbing even to experienced traders, it is natural for new investors to feel lost in this complex environment. As the market grew into this crypto fever that we are now witnessing, several platforms that monitor the performance of different currencies have been created. It is…
Category: News
ICO to Build Next Generation AI Raises $36 Million in 60 Seconds
SingularityNET raised $36 mln in one minute, completely selling out of its native AGI tokens. While this is an enormous amount of money to raise in an incredibly short period of time, it’s somewhat unsurprising considering demand. The company asserts that the issue was massively oversubscribed, with 20,000 people registered to participate, seeking to buy $361 mln worth of tokens. The company reduced the number to a more manageable level, according to its press release, by: “[Screening] all applicants using layers of algorithms, in addition to manual review, to comply…
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…