I wanted to take the time to write a quick response to many of the sensationalized pieces that have been coming out about Bitcoin and cryptocurrency lately. Cryptocurrencies have been on everyone’s mind lately, and even though there are clear signs of more widespread adoption, the headlines still seem similar to before. Bubble concerns and fears of criminal use are commonplace, but a newer one I’ve been seeing is “Bitcoin is losing its dominance in crypto’s market cap.” To that I say “good,” and here’s why. Bitcoin dominance index decline is a good thing Contrary to what these headlines would have you believe,Powered by WPeMatico
Even though weekends are usually terrible times to trade cryptocurrencies, this weekend is shaping up rather nicely already. All markets are in the green right now, and various currencies have noted major gains in the past 24 hours. The EOS price has successfully overcome most of its issues earlier this week. In fact, we are now looking at an EOS price of $18.3. Very impressive gains, although the market will remain unpredictable for quite some to come. Another leg up for the EOS Price When all cryptocurrencies start to recover, it is only a matter of time until someone sets
Developer conferences have become a popular aspect of cryptocurrency as of late. Although most people have no coding skills whatsoever, it is still well worth their time to attend such an event. Especially when it comes to emerging altcoins such as NEO, there is plenty of information to take away from conferences. Speaking of which, NEO DevCon San Francisco is almost upon us, and all developers can apply for free tickets. Regular visitors can obtain discounted tickets using our dedicated code “TheMerkleChannel”. The NEO DevCon San Francisco Event in a Nutshell Although developer conferences are primarily catered to coders and people who
Ethereum Classic (ETC), a fork of Ethereum (ETH), has been overlooked for a long time since most eyes were focused on the main Ethereum blockchain. However, this might come to an end quite soon as the number of ETH transactions are rising sharply and the network is starting to have difficulties to process them. As a result, the transaction fees are already spiking over $1. If this trend continues, the Ethereum network might reach a critical point before ‘Plasma’, a new technology that should massively increase the network throughput, is implemented. Disclosure: This is a Sponsored Article Since Ethereum Classic
It is not the first time mainstream media outlets haven’t fully grasped a situation affecting the cryptocurrency world. Depending on which source you believe, the South Korean government is either doing nothing or wants to ban all cryptocurrency trading. The truth of the matter is somewhere in the middle, as there is no intention to ban such trading whatsoever. Instead, a contingency plan has been drafted to punish companies not abiding by the new rules. Understanding the Cryptocurrency Situation in South Korea Over the past few weeks, a lot of things have happened involving South Korean regulators. At first, they were surprised to
OmiseGo is Vitalik Buterin’s favourite token model Vitalik recently posted on his twitter account three main reasons why OmiseGo, right now, is his favourite token model. OmiseGo is not a medium-of-exchange token; it has a clear valuation model (expected discounted future transaction fees minus node operation cost); and it requires running node to get returns, not passive income (so more legally defensible). After this twitter post the prices went up by almost 100%. Disclosure: This is a Sponsored Article Latest news from the OmiseGo team speaks about development progress on one of the basic OmiseGo tools. OmiseGo SDK, a code
The SEC will continue to crack down on potentially fraudulent initial coin offerings for the foreseeable future. Most recently, it temporarily suspended all trading of UBI Blockchain Internet LTD securities. Known as UBIA, the Hong Kong-based venture has gotten in the crosshairs of the SEC in recent weeks. There are quite a few questions regarding this project which will need to be clarified. Whether or not the answers will be satisfactory seems highly doubtful right now. UBIA Securities Trading Suspended by the SEC In a way, it is good to see that the SEC is continuing its mission to crack down on
A new innovation is emerging in the blockchain space, and its goal is to bring tangible assets to the digital currency space. Right now, the valuation of digital currencies is spurious at best and dangerous at worst. Everything is speculation and as such, the prices are extremely volatile, with little sign of this changing any time soon. Disclosure: This is a Sponsored Article For many of the doubters of Bitcoin, their prime criticism is the lack of real-world value to the coins. Everything is based on supply and demand, with little else to justify the massive price increases besides an
Cryptocurrency enthusiasts will all agree that the year 2017 was rather spectacular. Not only did we see all prices increase in a significant manner, we also saw exchanges struggle to keep up with demand. And just last week, Binance was forced to halt user registrations due to overwhelming success. The company has released some interesting details as to why this decision was made. It certainly makes a lot of sense for the site to upgrade its infrastructure well in advance. Binance’s User Growth is Mind-Blowing During the last six months of 2017, we saw a lot of exchanges suffer from an influx of new user registrations.
Most cryptocurrency enthusiasts were surprised to see Stellar in the cryptocurrency top 10 ranked by market cap at the end of 2017. A lot of people ignore currencies which won’t net them quick profits or don’t serve their specific cause. Even so, the Stellar price has successfully surpassed $0.50 last year. Fast forward to today, and the Stellar price surpassed $0.65 again. An interesting bounce back after a very difficult week. Stellar Price Seems to Follow XRP’s Momentum If there are two digital assets unlike any cryptocurrency existence today, it has to be XRP and XLM. The latter is also