Day: November 14, 2018

The Crypto Market Just Fell to a New 2018 Low

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Bitcoin sank to its lowest price in over a year on Wednesday, with the prices of other major cryptocurrencies falling alongside it. As of press time, bitcoin is trading at $5,525.92 – a more than 12 percent decline on the day – in the latest sign that volatility around the world’s largest cryptocurrency by market capitalization has returned with a vengeance. Indeed, bitcoin’s collective market cap dropped below the $100 billion level for the first time since November 12 of last year, according to CoinDesk’s Crypto-Economics Explorer (CEX). In the past 12-hours…

Bitcoin Price Sinks to New Yearly Low as Sell-Off Batters Crypto Markets

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Twitter Facebook LinkedIn The crypto market’s extended stable action took its last breath on Wednesday as the bitcoin price dipped to a new yearly low at 5280-fiat. The BTC/USD index fell more than 12 percent ahead of the US trading session, now trading at 5439-fiat on Coinbase. The pair was trading comfortably inside a narrow trading range since September, leading many to believe that it had established a bottom around 6000-fiat. The latest selling action brought BTC/USD to its weakest mark since October 2017. The bitcoin flash-crash cannot be fit…

Tokens Continue to Drop, is SEC Preparing to go After Crypto Projects?

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Twitter Facebook LinkedIn The price of Bitcoin has dropped by 10 percent over the last 24 hours following a severe sell-off. Yet, several low market cap crypto and tokens have plunged by twice that amount, posting losses in the range of 20 percent. ERC20 tokens launched on top of the Ethereum blockchain network have performed especially poorly against both Bitcoin and the US dollar over the past several days. Waltonchain, Lisk, ICON, Ontology, Golem, VeChain, WanChain, and many other tokens backed by active developer and investor communities declined substantially in…

Kik Selects Stellar Over Ethereum for Token Launch

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Messenger app maker Kik is quitting ethereum for good as it continues to develop its cryptocurrency, dubbed kin. Launched on ethereum early in the ICO boom, Kik has now announced that it will close kin’s atomic swap with ethereum. Without specifying a date, the Kin Ecosystem Foundation said Wednesday that it would soon release a tool for kin holdings off of ethereum. Kik’s token has had several homes in its short life. The company raised just shy of $100 million in crypto during a September 2017 initial coin offering. By November,…

Chainspace Code Review: Sharded Smart Contracts

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Chainspace is a platform for creating a distributed web of blockchains that – like many before it – seeks to create the Ultimate Answer To Life, The Universe, And Everything. (Or, as we refer to it in crypto, Scalability, Speed, and Security.) In my code review I point out that it might even work. I have to admit, I’m excited. I loved their paper, I love their published work, I really admire the team. I’m very excited that I got my hands on the code. “Sharded smart contracts, decentralized infrastructure…