Research from The Block shows that while some IEO’s have been wildly successful, the majority are not profitable for investors. IEOs are Popular but Not Always Profitable On Wednesday blockchain and cryptocurrency researcher, Larry Cermak posted an intriguing Twitter thread about the performance of IEOs in 2019. According to The Block head of research, about 180 blockchain projects secured funding through an internal exchange offering (IEO) and currently 40 exchanges have hosted at least one IEO. Cermak wisely chose to focus only on legitimate exchanges instead of those known for…
Read MoreMonth: July 2019
LedgerX Launches Physical Bitcoin Futures Before Bakkt
U.S. citizens can now purchase physically settled Bitcoin futures contracts using LedgerX’s Omni platform. What does this mean for Bitcoin price? If You’re Not First You’re Last! On Wednesday BTC derivatives provider LedgerX revealed that it had launched physically-settled Bitcoin futures contracts. This makes the company the first to offer such a product in the U.S. This also catapults the company to the forefront, ahead of Bakkt, TD Ameritrade-backed ErisX who are both direct competitors. The product is available to all U.S. residents, institutional and retail. Interested investors simply need…
Read MoreNew Bitcoin Cash Specs Propose Heightened Privacy and Double-Spend Proofs
Bitcoin Cash (BCH) development continues as software engineers have revealed two distinct concepts that aim to boost the BCH network. Bitcoin Cash developer Tom Zander has announced new documentation concerning the vision of a double-spend proofs, which now exists as a pull request to the alternative BCH implementation Flowee the Hub. Additionally, Electron Cash developer Jonald Fyookball has reported on the expanded specifications for the Cashshuffle method Cashfusion, a scheme that adds higher levels of privacy to unlinkable coins. Also Read: Exploring the SLP Token Universe Built on the Bitcoin…
Read MorePR: EO Coin Volume Surges on July Listings
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. EO coin showed bullish sentiment this July on the back of numerous new pairs being listed on EO.Trade exchange, including; ETC/EO and NEO/EO. Detailed statistics show EO coin surged from 70 satoshi’s to 315 following the ETC/EO listing on July 11th, before the NEO/EO listing which took place on July 24th. Next, the…
Read MoreBitcoin Is ‘Ludicrously Underpriced’: Ex-Goldman Sachs Exec
Bitcoin’s market cap could explode to $8 trillion even under conservative estimates, former Goldman Sachs executive, Raoul Pal has said. Bitcoin Market Cap To $8 Trillion? Speaking during his appearance on the Stephan Livera Podcast July 29, Pal, who is founder and CEO of Global Macro Investor and Real Vision Group, suggested the potential for Bitcoin’s value increasing was all but limitless. SLP93 @RaoulGMI – Global Macro Risks & Bitcoin – Risks of recession posed by Debt, European Banks, Demographics and more – Perspectives on Bitcoin Listen, and share! https://t.co/zPQso3Ul34…
Read MoreBitcoin Price Analysis: Breakout Could Spur Bullish Reversal
Bitcoin appears to have finally broken out of the period of consolidation that has played out over the last week, as mentioned in a previous BTC analysis. Traders question the sustainability of this recent breakout as volume levels remain low. Bitcoin Hourly Chart Analysis On the 1 hour chart for XBT/USD, we can see the attempted breakout as the current market price breaches through the overhead resistance forming a clear asymmetrical triangle. It’s important to note that volume has remained fairly low throughout this attempted breakout so a failure to…
Read MoreBitcoin Still Ranks Lower Than EOS And Tron, Chinese Gov’t Says
Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31. CCID: Bitcoin Not A Top 10 Cryptocurrency According to the latest instalment of the rankings, which the CCID Research Institute of the Ministry of Industry and Information Technology of China publishes regularly, Bitcoin came in 11th place. The CCID began issuing periodic rankings of major cryptocurrencies in 2018, and currently includes 37 tokens in its evaluations. Each scores points in three categories: ‘basic tech,’ ‘applicability’ and ‘creativity,’ to obtain an overall…
Read MoreCraig Wright Calls Rivals ‘Frauds’, Despite Doctoring Documents in 2014
Outspoken crypto antagonist, Craig Wright, has been at it again lambasting other people and projects. Meanwhile, it has come to light that he has doctored documents in the past. Craig Wright Exposed For Tax Fraud A crypto Twitter user going by the handle ‘SeekingSatoshi’ has been delving into the past of computer scientist Craig Wright following his repeated claims to be bitcoin father Satoshi Nakamoto. Wright has made a name for himself as one of the most controversial figures in the industry by constantly attacking all rivals of his own…
Read MoreBanking Committee Chairman Crapo: US Couldn’t Ban Bitcoin
Yesterday saw yet another U.S. Senate Banking Committee hearing on regulatory frameworks for digital currencies and blockchain. Libra got another bashing, and Chairman, Mike Crapo, surmised the U.S. “couldn’t succeed” in banning Bitcoin and cryptocurrencies even if it wanted to. Good Start For Bitcoin, Bad For Facebook Crapo introduced the hearing on a positive note for crypto, noting that although the hearings had started by examining Libra, the cryptocurrency ecosystem was diverse, saying: It seems to me that these technologies and other digital innovations are inevitable. They could be beneficial… and…
Read MorePR: CheapAir.com and Bitcoin.com Partner to Serve Bitcoin Cash Travelers
CALABASAS, CA (July 31, 2019) – Online travel agency CheapAir.com and Bitcoin.com today announced a partnership to serve crypto travelers. Beginning today, more than 4 million Bitcoin.com Wallet users will be able to access CheapAir.com’s booking engine from their mobile app. The partnership will help crypto travelers find the best deals on flights and hotels around the world. In 2013, CheapAir.com became the first U.S.-based online travel agency to accept Bitcoin payments for flights and hotels. CheapAir.com now accepts payment in Bitcoin Cash (BCH), Ethereum, Litecoin, and Dash. We’ve worked…
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