Initiative Q is not, in any way, a cryptocurrency. But it might just be the new Bitcoin. In just four months, the ‘payment system of the future’ has built a network of nearly three million adopters by offering ever-decreasing sums of their future currency in exchange for an e-mail address. Despite attracting over 100,000 new users each day, […]
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Back in August 2014, I discovered that the bitcoin mining industry had the industrial structure of a natural monopoly. A natural monopoly is a market in which production is most efficient with a single producer. This discovery came as a shock, but the implication was clear: Bitcoin could not survive in the long run. As
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For the first time in more than a year, there are no active bitcoin exchange-traded fund (ETF) proposals pending before the U.S. Securities and Exchange Commission (SEC).
When a new asset class resists even after facing numerous hurdles, it forces the asset managers to pay attention and recognize it. We have seen JP Morgan, Goldman Sachs and a few others have already walked down that path. The latest to consider investing in cryptocurrencies is BlackRock, the world’s largest asset manager with about $6.3 trillion under management.
From CCN.com: John McAfee has been really bold when it comes to predicting the price of bitcoin, claiming that each unit of the cryptocurrency will be worth $1 million by the end of 2020. The cybersecurity expert had first said in July 2017 that one bitcoin would be worth $500,000 by the end of 2020.
Bitcoin to Hit $1,000,000 by 2020? Maybe not… Read More »
15,562 Total views After the halving, crypto exchanges selling Bitcoin, which they collected in trading fees, may pose the biggest threat to the ongoing Bitcoin rally as miners earn less BTC. Following the Bitcoin (BTC) halving on May 12, traders generally expect the price of the top-ranking cryptocurrency by market capitalization to drop. According to a prominent on-chain analyst,
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CME Group’s Bitcoin futures become effective on Dec. 17 for trade on Dec. 18. The launch of CME Group’s Bitcoin futures market comes just a week after the CBOE launched their Bitcoin futuresmarket on Dec. 11. Futures contracts give investors exposure to the underlying asset (Bitcoin) without investors actually having to own any. Instead, investors buy contracts that track
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Bitcoin (BTC) is known as the first open-source, peer-to-peer, digital cryptocurrency that was developed and released by a group of unknown independent programmers named Satoshi Nakamoto in 2008. Cryptocoin doesn’t have any centralized server used for its issuing, transactions and storing, as it uses a distributed network public database technology named blockchain, which requires an
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The rapid rise in the price of bitcoin and other cryptocurrencies has attracted the attention of investors, financial companies, regulators, and the media alike. While many have had their interest piqued, it can be challenging to understand the basics of bitcoin and other cryptocurrencies. There are a few reasons for that. First, there is a
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What is Bitcoin? A bitcoin exchange-traded fund (ETF) tracks the value of bitcoin. ETFs can be bought, sold and traded on traditional stock market exchanges instead of cryptocurrency trading platforms. It is a solid way to give mainstream investors and speculators bitcoin price exposure through a reliable vehicle with which they are likely already familiar.
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