Stern Professor Says Bitcoin Will Hit Zero After 70 Percent Drop, Illogical Argument

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Nouriel Roubini, a Stern School professor and prominent economist, has criticized the major correction of Bitcoin and the rest of the crypto market, claiming that Bitcoin will drop to zero. Tales From Crypt-Apocalypse: Bitcoin has lost 70% from the peak; Ethereum 85%; other Top 10 crypto-currencies about 90%; the remaining crypto-zombie-currencies between 95% & 99% of…

Vitalik Buterin Proclaims an End to Explosive Growth as ETH Values Plummet: How Will Ethereum Recover?

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Ethereum prices have plummeted over the last week, experiencing a drop in value of over 30% amidst a bloodbath that has shaved $50 billion off the cumulative cryptocurrency market cap. With ETH prices hovering around the $200 mark, Ethereum co-founder Vitalik Buterin announced the end of the age explosive growth within the cryptocurrency industry. Related: Altcoins…

Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 million Bitcoin Market Dump

Dread Pirate Roberts Whale Wallet Activity Hints Toward $800 million Bitcoin Market Dump

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Almost $800 million worth of Bitcoin and Bitcoin Cash has been withdrawn from wallets associated with defunct cryptocurrency “black market” Silk Road marketplace and linked to Silk Road owner Ross “Dread Pirate Roberts” Ulbricht, signaling a potential large-scale Bitcoin market dump. The Silk Road-related cryptocurrency wallet activity, first observed by cryptocurrency community members on Aug.…

BitMEX Research: Does Satoshi Hold A Million Bitcoin?

BitMEX Research: Does Satoshi Hold A Million Bitcoin?

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BitMEX Research, the think-tank of the world’s largest BTC/USD exchange, re-tackled old evidence suggesting the original cryptocurrency’s enigmatic creator may hold up to a million Bitcoin. In a post published Aug. 20, the exchange’s research division resurfaced the 2013 argument of blockchain researcher Sergio Demian Lerner — who at the time reported Nakamoto having a…

Inside OnChainFX’s Breakeven Multiple and the Winners of Last Alt Season

Inside OnChainFX’s Breakeven Multiple and the Winners of Last Alt Season

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While 2017 was a year of exorbitant gains and lavish dreams, 2018 has crashed the reality of cryptocurrency enthusiasts back to Earth. Many of the incredible gains seen in 2017 have been entirely wiped out, and those who bought at or near all-time-highs (ATH) are deep in the red. To help illustrate those losses, OnChainFX…

It’s Not Them, It’s Us. 5 Reasons Why Crypto Has an Image Problem

It’s Not Them, It’s Us. 5 Reasons Why Crypto Has an Image Problem

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The rise of the internet in the 1990’s brought concerns about pirated software and various illegal activities, but as internet usage grew, these concerns largely fell by the wayside. Today, we see much of the same happening to the cryptocurrency industry and its growing image problem. Shady business practices, high-profile hacks, environmental challenges, speculation, market…

Ethereum Network Under Assault: Gas Price Manipulation May Indicate Covert EOS Attack

Ethereum Network Under Assault: Gas Price Manipulation May Indicate Covert EOS Attack

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The Ethereum network is currently under heavy load as gas prices soar due to a flood of transactions. While Ethereum gas prices and transaction load typically fluctuates in accordance with market activity, a dramatic surge in suspicious transaction volume suggests that the Ethereum Network may be the target of a coordinated attack — with experts…

Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90%

Chinese Yuan Now Below 1% of Total Bitcoin Trading Volume, Down From Peak of 90%

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In an attempt to stem growing enthusiasm for cryptocurrency trading among the Chinese public, the Chinese government has been cracking down hard on cryptocurrency traders and speculators, banning cryptocurrency exchanges and outlawing ICOs. Zhang Yifeng, a blockchain analyst at Zhongchao Credit Card Industry Development Company said: “The timely moves by regulators effectively fended off the…

Iceland Prepares for a Post-Bitcoin Future

Iceland Prepares for a Post-Bitcoin Future

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In February 2018, poet and former Icelandic presidential candidate, Andri Snær Magnason, took to Twitter to decry the immense energy consumption of Bitcoin miners. At the time, Vice reported the country was in danger of an energy shortage because of the expansive work of crypto miners. Magnason’s comments echoed the sentiments of others in Iceland, describing…

Major Fund: 99% of Blockchain Investors are Interested in Profits, Could Ruin Market

Major Fund: 99% of Blockchain Investors are Interested in Profits, Could Ruin Market

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Joyce Kim, co-founder of $3.5 billion blockchain network Stellar and cryptocurrency hedge fund managing partner at SparkChain Capital, said in an interview with Chosun that 99% of blockchain sector of investors are interested in short-term profits rather than the technology. At a cryptocurrency conference covered by mainstream media and publications like Chosun and JoongAng, Kim…