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 […]
BitCoin WILL Still Fail Read More »
Litecoin (LTC) is a cryptocurrency and an open-source project released in 2017, inspired by and very close technically to Bitcoin. The key idea of the project was to make a faster and cheaper to use alternative to Bitcoin Although there are some similarities between BTC and LTC, you can’t define Litecoin without pointing out some
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Cryptocurrency investment firm Pantera Capital reported a more than 10,000 percent lifetime return on Friday, coming five years after its formation. In an email, co-chief investment officers Dan Morehead (who is also CEO) and Joey Krug shared the figure as they celebrated the fund’s fifth anniversary. Perhaps unsurprisingly, they’re still bullish about bitcoin, particularly in
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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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Developers define EOS as an operating system made for businesses to construct Blockchain applications as a replacement for web-apps while retaining similar structural principles. There are two main things about EOS that make this platform stand out from all the other Blockchain projects. The first is the absence of transactions fees due to an ownership
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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