Category: Commentary

Ethereum co-founder Vitalik Buterin lanced a “tweet storm” on December 10, 2018, and briefly noted the non-financial applications of blockchain technology, such as academic degree verification and determining the “integrity of processes.” Alternative Use Cases The extended bear market in 2018 has given cryptocurrency critics and believers alike a chance to assess the far-reaching implications of digital tokens and blockchain…

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The total hash rate of the Bitcoin network has fallen by 31 percent since November, representing around 1.3 million Bitmain S9 miners that have been turned off as they struggled to stay profitable in the bear market, BitMex revealed in a report on December 10, 2018. Bitcoin Miners Suffer the Most from Declining Prices The unprecedented drops in value almost…

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The U.S. Department of Defense is currently assessing the viability of blockchain technology for military-related applications, according to a recent report from C4ISRNET, a publication covering technological advancements in the defense sector. In a document published November 19, 2018, the Defense Advanced Research Projects Agency (DARPA) said that it was looking to understand the “Applications and Barriers” to distributed consensus…

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Hosted in Prague, Czech Republic, Ethereum cofounder Vitalik Buterin kicked off Ethereum’s recent Devcon 4 conference by talking about the community’s fourth development phase, Serenity. Dubbed “Ethereum 2.0,” he claimrf that it is a “combination of a bunch of different features that we have been talking about for the past several years. We have been actively researching, building, and now,…

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Nasdaq will list Bitcoin futures from early 2019, confirmed Express UK on December 3, 2018. The premier cryptocurrency is set to find its way through the robust New York-based exchange markets after obtaining clearance from the Commodity Futures Trading Commission (CFTC). Could Nasdaq’s BTC Futures Kick-start Another Bull Run? In January 2018, Nasdaq chief executive Adena Friedman went on record…

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Jackson Palmer, the creator of Dogecoin, has created a script that blocks users who support XRP on Twitter. Published on Palmer’s GitHub page on December 2, 2018, the script comes as a response to the XRP followers who have been attacking him for his negative comments against the Ripple network. Dogecoin Creator Blocks the Entire XRP Army on Twitter It…

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In a scathing November 26, 2018, blog post titled “I come to bury Bitcoin, not to praise it,” UBS Group’s Global Chief Economist Paul Donovan has called for the end of the cryptocurrency bubble. Claiming that bitcoin is in its “death throes,” he attempted to reason that a loss of over 80 percent is “not healthy” for any economic asset….

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According to a report published by Bloomberg, November 26, 2018, the Bitcoin Network’s hash rate has dropped by a whopping 24 percent from its ATH in late August 2018. This, in turn, could force many small and medium scale bitcoin miners to abandon their mining operations due to the inability to breakeven costs. Falling Hash Rate Forces the Miners to…

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An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018. Bitcoin “Evil Spawn” of Financial Crisis Speaking at the Bank…

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The Chairman of the International Business Forum (IBF) Erol Yarar has urged Islamic countries to embrace a common type of cryptocurrency system. The call was made due to the growing concerns among Muslim states on the overwhelming nature of the U.S. dollar and its grip on the world financial markets, reported Anadolu Agency on November 5, 2018. U.S. Dollar Is…

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