Bitcoin

In the meantime, companies building bridges among blockchains, fiat currencies and trading platforms, not necessarily in a decentralized way, will be reaping the benefits, unlocking the “trillion dollars of friction tax that’s locked up in the financial services system right now,” McDougall said, referring to the fees and service hiccups that happen while switching from one currency or blockchain to another. Source link

A note of caution, however, can be gleaned from derivatives markets. Specifically, there has been an uptick in the open interest for puts at the $19,000 strike price. Additionally, the put/call ratio for BTC has increased, indicating that traders are purchasing additional downside protection. Source link

Bitcoin cannot be created at the whim of some centralized power, taking away the ability of governments to spend wantonly. It may sound utopian, but once humanity evolves to a Bitcoin standard the government-created boom-bust cycle, constant inflation and ability to fund wars will be things of the past. Source link

A visual representation of the cryptocurrency Bitcoin on December 12, 2017 in London, England. Jordan Mansfield | Getty Images Bitcoin on Tuesday floated at the $19,000 level, where it has remained for about a month with some momentary breaks. The largest cryptocurrency by market cap, whose volatility has been uncharacteristically low in recent weeks, was last lower by 0.7% at $19,074.31, according to Coin Metrics. Ether fell 1.6% to $1,286.74. Crypto prices remain depressed, with bitcoin off… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Employees work on bitcoin mining computers at Bitminer Factory in Florence, Italy. Alessandro Bianchi | Reuters Software used in bitcoin mining just got its first upgrade since late 2012, and a coalition of companies including payments giant Block (formerly Square) is trying to help push the open-source protocol forward to become an industry standard. The move could help open bitcoin mining to more participants by supporting lower-quality internet connections, as well as improving security so… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Oct 11 (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of technology’s past. Register now for FREE unlimited access to Reuters.com Register Hardware wallets – old-school physical devices similar to USB drives that stash crypto holdings offline – might seem a throwback… Source link

Billionaire hedge fund manager Paul Tudor Jones says cryptocurrencies, specifically bitcoin and ethereum, will be “at a value much higher than where we are today.” Confirming that he still owns bitcoin, the famed hedge fund manager revealed that he “always” has a small allocation of bitcoin in his portfolio. Famed Hedge Fund Manager Paul Tudor Jones Still Owns Bitcoin Billionaire investor and renowned hedge fund manager Paul Tudor Jones talked about bitcoin and the U.S…. Source link

Investing shouldn’t be a light-hearted decision, but it sounds more complicated than it is. In traditional finance, some brokers guide investors through the process, making it a more straightforward experience. With Bitcoin, there can be no intermediaries, and there should not be in the true spirit of the cryptocurrency. However, the Bitcoin offering is varied, and users can decide to invest in BTC individually with no third parties involved or by engaging a broker like an exchange or a… Source link