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Crypto Startups Should Go All-In On Blockchain: Expert Opinon

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Crypto startups need to focus on the blockchain rather than bitcoin according to Bernhard Schroeder, the managing director of entrepreneur programs at San Diego State. According to our coming altcoin news, Schroeder classified bitcoin as a ‘’speculative investment.’’

He believes that bitcoin might not work out in long-term but says blockchain is a ‘’serious technology.’’ Schroeder believes that the blockchain technology has a lot of potentials that will emerge from the companies who want to build on it. Companies who failed during the ICO boom in 2017 should now follow four areas that entrepreneurs should look. Also, investors and industries should get exposure to blockchain technology according to Schroeder:

 “So why should you as an entrepreneur or investor care more about blockchain than Bitcoin? Bitcoin is still a speculation on a future crypto currency that the world may not yet adopt. Maybe in the future, maybe not. But blockchain is a serious technology that can provide a variety of solutions. Imagine you are an automotive manufacturer and you have a product quality problem. Rather than recall thousands or millions of cars, you can simply recall the cars whose part is potentially defective based on blockchain identification and tracking.”

The areas that the crypto startups should follow include digital rights management, tokenizing other assets, customer rewards programs and digitizing real estate. Of course, there are more uses cases for blockchain technology but he believes those are the most important areas. Schroeder focuses mostly on those because he believes they have the most potential.

Following the reports in the best cryptocurrency news sites, a huge number of companies are tackling digital rights management via blockchain. For example, BitTorrent’s cryptocurrency is one example of how to handle that. The holders of the coin will be able to use it to purchase content directly from its creator.

Schroeder makes a valid point that people are too close to cryptocurrencies and usually get burned. This is why he stated:

 “In the 1800’s it was not always the gold miners who thrived. But the people who sold picks and shovels did. In the early days of the internet, it was not the multitude of startups that were rewarded. Most failed. But the builders of web infrastructure and internet technology thrived. Don’t confuse the adoption of Bitcoin as a digital currency with the enormous potential for blockchain technology.”

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Bitcoin News

New Banknotes Help Venezuela Set A Bitcoin Trading Record

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new banknotes
New banknotes that are hyperinflated help the number one cryptocurrency set a record in trading in Venezuela this week when the informal markets reached a new all-time high. Following the coming altcoin news, we take a closer look at the analysis. The data from the monitoring company Coin Dance revealed that up to the 15th of June Venezuelans transacted more than 46 billion sovereign bolivars on the popular bitcoin exchange LocalBitcoins. This is a newly reached figure after the one of 40.9 billion was set earlier in May. The ongoing bitcoin activity in Venezuela become extremely popular after the new banknotes appeared in August 2018. Under the regime of the Venezuelan president Nicolas Maduro, the national bolivar reached to a point where five zeros were deleted from the exchange rate overnight. This was a very controversial move that laid the foundation for the issuing of the new national cryptocurrency Petro. The hyperinflation has set the currency since it was founded with annual rates to increase up to 8 million percent in 2019. This week, Maduro rejected the VES and issued new banknotes in larger denominations to counter the slipping value. The Central Bank of Venezuela claimed the move happened in order to ‘’ make the ‘’payment system more efficient and facilitate commercial transactions’’ but there seems to be little sign of appreciation from the consumers. With the BTC price upstick which set at the end of last week, there was some renewed enthusiasm on the part of traders in countries such as Peru, Argentina, and Colombia. All of these countries have been heavily involved in the Venezuela crises and the reports show that the officials are now attempting to increase border control in order to decrease the flow of refugees. As noted in the latest cryptocurrency news, the president of Brazil Jair Bolsonaro also stated that Latin America should introduce its own version of the Euro but didn’t seem to know what Bitcoin was. He stated that he canceled a project that was aiming to integrate the native Indian population of Brazil by using cryptocurrency. Argentina on the other hand, as a more progressive country, says that the government is in talks with the billionaire investor and bitcoin advocate Tim Draper in order to develop an Argentinian peso –based exchange.
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Bitcoin News

Brokerage Giant TP ICAP Opens Its Doors To Bitcoin Trading

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brokerage giant
Brokerage Giant TP ICAP with a $2 billion market cap is finally opening the gates wide for bitcoin trading. In today’s coming altcoin news, we find out more about their decision. This is just another example of institutional crypto thirst since the London-based company will execute Bitcoin futures traders in the name of its clients. In an interview the man responsible for the initiative Simon Forster stated:
 “We want to be close to what’s happening within this nascent asset class because we believe it’s important to invest in the early stages of a growing market.”
The brokerage giant TP ICAP hopes that the new bitcoin trading option will attract the new clients’ money and will diversify its offering. The company which operates as an intermediary to financial, commodity and energy markets has seen a slight slump in revenue since the 2008 meltdown. Brokerage companies like ICAP mainly make trades for its banking partners but the volumes show that the company was forced to issue a profit warning in 2018. The initiative will be conducted from London by Duncan Trenholme and Simon Forster who have plans to expand in the United States and in Asia. The ICAP services will provide derivatives trading but they won’t turn their eyes from the option to hold digital assets directly in the future. Forster admitted that the number one cryptocurrency poses a threat to traditional assets so the finance executives can’t really afford to stand on the sidelines:
 “TP ICAP also understands that this technology could disrupt or impact other asset classes where we currently operate, so we feel it’s important to be informed.”
The traditional finance firms are slowly getting into crypto as well. At the start of the year, Fidelity launched bitcoin custody services for their clients. The multi-million asset management company will also facilitate bitcoin trading in the upcoming months. Also as noted in some of the best cryptocurrency news sites, the Intercontinental Exchange (ICE), which is the parent company of the New York Stock Exchange is preparing to launch Bakkt which is a physically-settled bitcoin futures and custody offering. In the meantime, Nasdaq will launch its own platform for bitcoin derivatives in 2019.
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Analysis

Bitcoin Ignores Correction Calls: Where Is BTC Headed?

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Bitcoin Ignores
The price of Bitcoin and its fast comeback over the weekend and rise to a 13-month high has been viral and featured on many best cryptocurrency news sites. However, it seems like Bitcoin ignores correction calls which were predicted by analysts and is still above the $9,150 mark, hitting resistance once again. Right now, traders are looking for the next move from the most dominant cryptocurrency and are eyeing altcoins for bigger gains. In the altcoin news, the situation is not that different as Litecoin, Bitcoin Cash, Ripple, Ether and other digital assets are recording growth. So, no one is really expecting a correction right now - especially not after Bitcoin's strong performance and ability to retain the $9,200 price level. For those of you who did not follow our latest cryptocurrency news, it all started when Bitcoin surged through resistance on Saturday evening, recording a new 13 month high of just north of $9,300. This resulted in a 8% price increase on the day for BTC - pumping the price from around $8,600 to the highest price point of 2019. This proved that Bitcoin ignores correction calls despite the small pullback which retested the price again and formed a double top on the day. A new and larger pullback then took Bitcoin to $8,850 but BTC recovered again and is still heading upwards in the Asian trading session. At the time of writing, Bitcoin is trading shy of $9,200 which is marginally higher than yesterday morning. While Bitcoin ignores correction calls, the daily volume is also rising. The number managed to pump back to $23 billion, taking BTC's market capitalization to $162 billion which is higher than the total cryptocurrency market cap back in March this year. A collection of technical indicators named the Ichimoku Cloud recently predicted the price of Bitcoin as well as its momentum and trend decision. As it showed:
“$BTC – found resistance right at the lower cloud and has opened the weekly candle inside the cloud. This represents the highest time frame that #bitcoin has breached into the cloud…with resistance at just above $10K…”
An analyst named Chonis Trading then took to Twitter with the following statement: https://twitter.com/BigChonis/status/1140410183665049603 He also added:
“One more step up the mountain as #bitcoin hits right at the 38.2% fib resistance making it the next target for the bulls to close over and also makes maintaining the 23.6 fib support that much more important for overall continuation…”
As Bitcoin ignores correction calls, many believe that the $10,000 mark could be achieved very soon.
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Bitcoin News

Bitcoin Hash Rate Reaches New High As Price Reclaims $9,000

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bitcoin hash rate
Bitcoin hash rate reached e new all-time high as the price of the major cryptocurrency tapped the $9,000 level again. Let’s look into the analysis in the coming altcoin news below. The data that we acquired shows that the BTC hash rate which is the computing power required for securing the network reached 62 quintillion hashes per second or 62 million tera hashes per second on Friday. This level is the highest ever hash rate level that bitcoin ever reached and the one that was ever recorded on the network with the previous one being 61.9 million in 2018 in August. The more mining nodes remain active on the network they will create bigger security by reducing the possibility of malicious attacks on the blockchain. Reaching the new hash rate ATH also represents a final blow to anyone who talks about mining capitulation that could emerge if the hash rate is to fall again as it did by more than 45 percent in December. The network hash rate is one of the most important elements that are currently enjoying positive growth trends. The active addresses for Bitcoin are also back above $1 million. The increase of the active bitcoin addresses does not really have a material impact on transactions fees as the main transaction charge is somewhere about $1.30. By using wallets with the robust fee calculation figures they could provide for much lower fees. While the network hash rate was setting a new all-time record, the current price for Bitcoin went on another upward ride to the $9,000 price level. The number one cryptocurrency even surpassed this level and tapped the $9,300 price range setting a new 1-year-high for the number one cryptocurrency as noted in the latest cryptocurrency news. As pointed out by the Senior Market Analyst at eToro Mati Greenspan, the network fundamentals are the best indicators for the bitcoin price movements. The latest price surge also happened during the network activity and the BTC hash rate reached a new all-time high. Bitcoin is currently up by more than 150 percent since the start of 2019 and managed to add double the market price since the start of April alone
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