What’s Next for Bitcoin?
Sam Mamudi, Olga Kharif, and Matthew Leising – Bloomberg
Last year, Bitcoin led a motley pack of so-called cryptocurrencies in one of the great booms in market history, soaring over 2,000 percent to its peak. Since then, it’s led an epic bust that rivals the dot-com era stock market collapse. But there are still plenty of true believers. Here’s a guide for those feeling at sea in these turbulent digital waters.
Stacking Up Coin and Equity Offerings
An overwhelming majority of projects selling tokens are not selling cryptocurrencies, but rather cryptoassets. That is, few are exchanging raised funds in return for a coin or token whose primary function is acting as a currency for day-to-day use.
New Paper Reveals Massive Bitcoin Backing
Billy Bambrough – Forbes
Bitcoin and cryptocurrency have been handed huge support this morning from researchers at Imperial College London, who have said digital currencies are primed for mass adoption.
Google’s Co-Founder Talks Blockchain While Google Meets With Cardano
Internet-giant Google is beginning to make a tangible entrance into the world of blockchain. This week, the company’s co-founder, Sergey Brin, spoke on Google’s late arrival on the blockchain space at Richard Branson’s blockchain summit in Morocco. Meanwhile, Cardano’s Founder (and former CEO of Ethereum) Charles Hoskinsin has revealed the details of his latest meeting with Google, sparking speculation within the crypto-community.
French Crypto Wallet Ledger Is Solving Bitcoin’s Biggest Flaw For Financial Giants
Oliver Smith – Forbes
“One million dollars straight in crypto, in cold storage,” said hedge fund chief Bobby Axelrod on HBO’s Billions in May, handing a mysterious-looking USB stick to his loyal lieutenant.
Insiders say they think ethereum is a better investment than bitcoin; According to new data from New York-based law firm Foley and Lardner, a group of insiders say that among cryptocurrencies like bitcoin, Dash, and Monero, they believe ethereum to be the best bet.
Zoë Bernard – Business Insider
When it comes to cryptocurrency investments, there’s plenty of room for debate over which digital currency is the best bet.
Maybe This Trend Really Is Your Friend When It Comes to Bitcoin
Olivia Schaber – Bloomberg
Buying and Selling Pressure Indicator sends positive signals; Biggest cryptocurrency has lost half its value this year
This technical indicator may show the world’s largest cryptocurrency is bucking a selling trend and gearing up for a price increase.
Crypto-Trading Startup Bancor Says $13.5 Million Lost in Breach
Olga Kharif – Bloomberg
Bancor, an Israeli startup that facilitates trading in digital tokens, said a criminal made off with a $13.5 million cache, mostly comprised of Ether.
Blockchain Is Coming for the Charitable-Industrial Complex; Charity Navigator’s COO predicts a ‘revolution’ in poor relief. But will non-profits embrace the change?
Julie Verhage – Bloomberg
In recent years, a number of startups have tried to latch onto a social good angle. Robo advisors have added socially responsible investing options, insurance startup Lemonade will donate money not paid out in claims to charity, and Uber has a community impact initiative. And now, CryptoKitties are being auctioned off for charity.