Mark Cuban Just Backed a “People-Driven” $20 Million Token Fund

Blockchain is about more than just Bitcoin, or even cryptocurrency in general: it is a platform that has to potential to transform the way we connect to each other. The field is currently saturated, and still growing, with blockchain platforms and cryptocurrencies seemingly popping up daily. In an email to Forbes, celebrity investor Mark Cuban wrote, “Like Amazon and Google came out of the internet bubble there will be winners and losers in cryptocurrencies. It’s too hard to buy for most people, harder to trust that it won’t be hacked, and even harder for most to understand.” Cuban cast a vote of confidence for one emerging crypto venture fund, 1confirmation. The fund is hoping to completely revamp how business is done in digital space. Its founder, Coinbase alum Nick Tomaino, envisions a people-driven platform. “The most interesting and useful thing about blockchains is…

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Bitcoin Cash Price Rises While Bitcoin and Ethereum Drop

Bitcoin Cash Price Rises While Bitcoin and Ethereum Drop

Bitcoin, Bitcoin Cash, and Ethereum experienced a few changes since Monday, with some rising to new heights and others dipping down. As reported by Business Insider, both Bitcoin and Ethereum, the two biggest cryptocurrencies, have seen a single-digit percentage drop, while Bitcoin Cash has seen a double-digit rise. Bitcoin dropped 2.2 percent against the US dollar as of Tuesday morning, and is now valued at $4,004.67. Ethereum, which recently announced its Metropolis update, saw a slightly larger drop than Bitcoin, dropping 3 percent to $310.32. This drop continued the currency’s struggles to hit $350, and it’s unclear how the Metropolis update will further affect Ether token prices. Bitcoin’s 2.2 percent drop. Image Credit: Business InsiderAlthough Bitcoin Cash only split from Bitcoin very recently, at the beginning of August, it quickly became the third-biggest cryptocurrency in the world. Compared to the top two,…

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Here’s Why Bitcoin Rose More than $1,000 in Two Months

Here’s Why Bitcoin Rose More than $1,000 in Two Months

Outstanding Performance So far, 2017 has been an eventful year for Bitcoin. The platform recently endured a hard fork that saw it split in two and come out seemingly unscathed. Meanwhile, the cryptocurrency has risen from relative obscurity to become a popular topic of discussion in the mainstream, with everyone from Bloomberg to Forbes covering it regularly. The year isn’t even over, and bitcoin has reached numerous milestones already, both in terms of its own history and that of cryptocurrency in general. Overall, Bitcoin seems to be steadily trending upward, with even greater heights predicted for the platform’s future. So, how did a cryptocoin originally associated with the internet’s darkest corners become a popular contender for the future of financial and other transactions? Longevity seems to play a factor. After years of trading, the coin has proven itself as here to stay, leading…

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The Ethereum Platform Will Undergo a Major Upgrade in September

A Long-Awaited Improvement We now have a timeframe for when one of the most anticipated events in the world of cryptocurrencies is going to occur. Last week, the Ethereum team announced that their Metropolis hard fork will take place toward the end of September 2017. The announcement comes roughly six months after the company revealed their 2017 Road Map and less than a month following bitcoin’s split into bitcoin and bitcoin cash. This fork will implement a number of changes and improvements, including higher levels of anonymous transactions, easier programming and smart contracts, and additional security in the form of masking, which will help protect users against hacking. The upgrade was expected to include a “Difficulty-Bomb” that would make ether token mining harder to perform, but according to the Ethereum team update, that will now be added as part of…

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Congress Is Reportedly Drafting a Bill That Will “Mainstream Digital Currency”

Congress Is Reportedly Drafting a Bill That Will “Mainstream Digital Currency”

The Bitcoin Bill Members of the U.S. Congress are drafting legislation that would protect certain forms of cryptocurrency from being used for illegal activities while helping cultivate mainstream adoption. Reports indicate that at least one Republican senator and two Republican congressmen are working on the bill. According to a source who spoke to The Daily Caller, the goals of the legislation are to prevent cryptocurrency from being considered as a form of security or investment, to protect transfers against taxation, and to ensure the federal government does not interfere with cryptocurrencies. Image Credit: Architect of the CapitolThis interference is an issue we’ve seen crop up in recent months. In May, the Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017 sought to introduce a provision that would require anyone in possession of more than $10,000 in cryptocurrency to disclose it when passing a…

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A New Blockchain Platform is Taking on Ethereum

New Kid on the Blockchain Cryptocurrency is on the rise and, as a result, there’s no shortage of companies looking to establish themselves as an essential part of the trading process. In addition to organizations fielding new coins, there are firms that handle other pieces of infrastructure, like Blockchain specialist NEO (formerly known as AntShares). NEO’s biggest competition is currently Ethereum, the blockchain platform behind the prosperous Ether token. Both offer support for programming languages — Vitalik Buterin, who originally conceived Ethereum, has felt that the absence of such support has been a major detriment to cryptocurrency — but the group behind NEO maintains that its implementation has several advantages. Smart contracts are automated agreements between traders that can call upon all kinds of different checks and triggers, ranging from a particular date to the balance of a particular account. NEO…

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Get Ready. Renowned Bitcoin Trader Says the Currency Will Hit $15,000 in 2017.

Late last week, the price of bitcoin rose beyond $3,500, and it currently sits slightly above $4,200. While some are skeptical of this steady increase in value, according to an expert observer, it won’t be ending any time soon. Veteran trader masterluc predicts that bitcoin will be worth $15,000 before the end of the year. He believe the cryptocurrency’s current bull run will then continue into 2019, at which point its price will top out somewhere between $40,000 and $110,000. Masterluc has historically been adept at predicting bitcoin’s future value. He was able to accurately predict in March 2013 that the crypto would enter into a bear market in November 2013, and then in May 2015, he made a prediction that proved to be just slightly off point, missing the start of the crypto’s current surge by just two months. Masterluc isn’t the only pundit…

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Goldman Sachs Analyst Predicts Bitcoin Price Could Hit $4,800

Goldman Sachs Analyst Predicts Bitcoin Price Could Hit $4,800

Bitcoin Rising Again Business Insider reports that Goldman Sachs Analyst and Head of Technical Strategy, Sheba Jafari, sent a client note on Sunday predicting that the price of bitcoin might soar as high as $4,800. Jafari set a target of $3,691 in late July, which the cryptocurrency came very close to Sunday, and has since surpassed it. On August 12 the price surpassed $4,000 for the first time. With these milestones in the rearview mirror, Jafari predicted that the price might rise as high as $4,827. This would precede a market correction, however, which would push it back down to $2,221. Image Credit: Geralt/PixabayBusiness Insider reports that CEO Arthur Hayes of the bitcoin derivative exchange BitMEX agrees with Jafari that bitcoin might near the $5,000 level. Hayes spoke to Business Insider soon after the recent Segregated Witness (SegWit) software update, which…

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As Bitcoin Passes $3,500, Many Predict Even More Gains

As Bitcoin Passes $3,500, Many Predict Even More Gains

Bitcoin is a juggernaut within the cryptocurrency world, and its reign on top shows no signs of ending. At the time of writing, the value of bitcoin on Coindesk is $3,578.64 (and climbing). Prices were expected to start a downward trend back toward $3,000, but the way they are moving at the moment, this seems unlikely. In fact, some experts, including Peter Brandt, are predicting the price will “explode,” according to The CoinTelegraph. Image Credit: CoindeskBitcoin has enjoyed a meteoric rise since the much dreaded “fork” that saw the cryptocurrency split into bitcoin and bitcoin cash. The latter currently sits at $330.05 (and may be exploding in its own right), while the former has enjoyed its strongest week of growth to date following the split. According to Coindesk, “Bitcoin is up nearly 25% on the week since the split, rising from $2,871 seven days…

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