Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever. While bitcoin tokens on the original network can't be copied or counterfeited, the protocol is open source and can be recreated with different parameters. We call these Airdrops.
The year is 2028. BTC just dropped 50% and is currently trading at $224,000. Bitcoin critics: “I told you BTC was a scam. It’s down 50% again.” • • The world is full of idiots, make sure to do your own research and use your brain👁 Do not follow the crowd🔮. What are your thoughts on this?
Why did my buy order go through at a price much higher than what bitcoin is trading for on coinbase?
I just made a buy order on coinbase and saw what the price is on their tracker, it was ~$7369. I went through with the buy order but then noticed after hitting confirm that it said I was buying it at $7407. The price hadn't gone up on the ticker. The buy order process just took about 20 seconds. Did the price spike by $40 for a second and I missed it, or is coinbase overcharging for bitcoin? Is this normal?
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What is going out with Cryptos this AM: Cryptocurrencies are bouncing back from yesterday’s late day slide as Bitcoin Cash futures are set to start trading on Crypto Facilities platform at 11am EST
Binance is launching a JV with Liechtenstein Cryptoassets Exchange (LCX) to launch a fiat to cryptocurrency exchange, Binnace LCX. The exchange/platforming will be based in Liechtenstein and offer trading between Swiss Francs (CHF) and euros (EUR) against major digital currencies pairs with the potential for new trading pairs in the future.
Boston Consulting Group (BCG), in a paper published yesterday, argues that while there are good reasons to use blockchain technology when trading commodities, it will be hard to get widescale adoption given the amount of capex that already been poured into the IT systems of existing trading platforms/desks.
Crypto Facilities, the UK-based crypto futures exchange and a CME partner, is adding Bitcoin Cash to its platform. The cryptocurrency will begin trading today at 4PM BST.
The Ethereum community continues to struggle with DApps topping the number of downloads on the blockchain network that are promising investments with high returns that turn out to be fraudulent. As an example, Team JUST, the anonymous development team behind the gambling DApp FOMO 3D is warning that an indentical version of its game is eating up 1/3 of the Ethereum network’s total computational power and raising USD$7mm over the past week.
Genesis Mining, an Iceland-basd hashpower hosting service, is forcing customers to upgrade their Bitcoin mining contracts following this year’s drop in cryptocurrency valuations. The company is discounting the upgrade price of its Radiant service per 1 TH/s to USD$180 from USD$285. In 60 days, Genesis announced it will terminate open-ended contracts that mine less than the daily maintenance fee.
JD.com is launching a blockchain-as-service platform along with an app (it’s first) that will digitally track Fapiao, Chinese corporate invoices that are used both as references for bookkeeping and taxation purposes. JD will be tracking the invoices for one of the largest publicly traded insurance companies in China.
Pantera Capital partner Paul Veradittakit tells TechCrunch that its third venture capital fund could grow to as much as USD$175mm. Currently, the fund stands at ~USD70mm.
Ripple Labs has endorsed three cryptocurrency exchanges, Bittrex, Bitso, and Coins.ph as its preferred partners for transactions with Ripple’s xRapid payments system. Management at Ripple Labs is encouraging users in the US, Mexico and the Philippines to use these exchanges while transacting with xRapid. XRapid is a solution for Ripple’s blockchain-based real-time gross settlement system and is meant to facilitate international fiat transfers between financial institutions.
Tokens are up 50% against the USD$ over the past 24 hours with VeChain, Ontology and PundiX leading the rally.
@dealbook: Most big banks have tried to stay far away from Bitcoin. But Goldman Sachs is bucking the risks and moving ahead with plans to set up what appears to be the first Bitcoin trading operation at a Wall Street bank. https://t.co/ImQFnsUJ5w
@Joedor : This hearing is to cryptocurrency what the net neutrality vote was to net neutrality, the only difference is the board isn't insanely against bitcoin. If you're trading at all or even interested, have a listen. https://t.co/WAk0vahuGL
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