Do These Indicators Suggest a Bitcoin Price Rally Early in 2019?

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization has enjoyed a staggering price increase in excess of 150,000 percent since it was first listed on exchanges back in July 2010. Since then, the cryptocurrency has also experienced multiple bull runs, bear runs (the longest of which consumed much of 2014 and 2015) and stronger media attention year on year. From a technical perspective, the relationship BTC has with traditional charting patterns is occasionally counter-intuitive to what one would normally expect. Take, for example, the descending triangle which is typically…

Blockchain Refresh: Why KPMG’s New Strategy Focuses on Customs

KPMG has decided to “refresh” its distributed ledger technology (DLT) strategy, according to new U.S. blockchain lead Arun Ghosh, who took over the group in September. Revealed exclusively to CoinDesk, the Big Four consultancy has taken to expanding its blockchain activities beyond the pure financial services work it had been doing, to explore a less-traveled path. Specifically, KPMG is homing in on the point where cross-border manufacturing and supply chain meet finance, customs duty, taxation and compliance. This is different than the usual supply chain use case, Ghosh said. He…

Not So Safe Haven? Signs Suggest Bitcoin Might Still Be a Risk Asset

Volatile price swings and plummeting valuations have been a reality for bitcoin investors of late, but those who own traditional equities haven’t been immune either. In fact, bitcoin and the S&P have correlated on and off for almost a year, each taking turns as the leading indicator. Bitcoin, the cryptocurrency advertised as digital gold due to its difficult means of production and limited supply, is expected by some to act as a “safe haven asset,” one that rises or remains stable in times of economic turmoil (just as its metal…

Crypto Reckoning? Industry Vets Strike Humble Tone in San Francisco

Many at San Francisco Blockchain Week 2018 are warily reflecting on the lessons of the 2017 token sale boom, the pride that came before this current bear market fall. Veteran investor and AngelList co-founder Naval Ravikant told conference goers on Monday the last “hype cycle” was a “coming of age” for many cryptocurrencies such as ethereum, the second largest crypto by market cap. “We almost got Wall Street completely involved, but we didn’t quite get there,” Ravikant said, adding that although some of the world’s leading financial institutions are tiptoeing…

North Dakota Securities Regulator Issues Cease and Desists Against 3 ICOs

North Dakota’s securities watchdog is again taking action against ICO projects it alleges are operating illegally in the state. On Thursday, Karen Tyler, commissioner of the North Dakota Securities Department, issued cease and desist orders against three companies for offering “unregistered and potentially fraudulent securities in the form of ICOs.” The regulator alleged in a news release that the companies – Crystal Token, Life Cross Coin and Advertiza Holdings – had placed fraudulent statements on their websites with claims of excessively high returns, insufficient disclosures and misrepresentation of facts. The agency said…

Microsoft Is Pushing New Blockchain ID Products (But There’s Pushback, Too)

Microsoft is moving to turn blockchain-based decentralized identity from a lofty aspiration into a business line. In a white paper posted this week, the software giant says it intends to develop two products designed to give consumers greater control of their personal data – long the Holy Grail of many technologists in the blockchain space and adjacent industries. One such product is an encrypted personal data store, or “identity hub,” which is a combination of user’s personal devices and cloud storage that Microsoft would offer through Azure, its cloud computing service.…

3 Bitcoin Price Factors That Suggest Bears Are in Charge

The prospect of a deeper drop in bitcoin prices has increased, price-volume analysis indicates. The world’s most valuable cryptocurrency, which had been trading sideways since September 22, fell sharply to a three-week low of $6,220 on Bitfinex yesterday, confirming a range breakdown. The technical indicators on the daily chart also turned bearish, validating a negative moving average crossover on the long duration charts. Essentially, bears regained control 24 hours ago, opening the doors to the key support of $6,000. Furthermore, the bearish case is now looking stronger than it did…

Nevada’s Utilities Agency Eyes Blockchain for Energy Credit System

The Public Utilities Commission of Nevada, a government agency charged with supervising and regulating power utility services in the state, is looking to implement blockchain for its energy credit tracking system. The commission last month investigated whether a blockchain-based solution would help track and certify Portfolio Energy Credits (PECs) in a better way for meeting the state’s Renewable Portfolio Standard. Renewable energy producers in Nevada earn PECs that can be sold to utilities that then use them to comply with the Standard. One PEC represents one kilowatt-hour of electricity generated.…

MetaHash Code Review: Blockchain 4.0 Cryptocurrency

This MetaHash code review wouldn’t be complete without noting that marketers can do and say what they want, but I still don’t know what Blockchain 4.0 is or when it replaced Blockchain 3.0. I guess incremental gains in TPS is it. Anyway, here we are, “the fastest and most secure blockchain” which (if “pick two from speed, security, and scalability” is correct) means that it can’t scale. But apparently it can, and all the while be more decentralized than the competition. Lots of big claims. Also, I hate a website…