Research finds Bitcoin and Litecoin halvings do not impact price

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Contrary to the popular media narrative, new research finds that Bitcoin and Litecoin prices are unimpacted by block reward halvings. Searching for cause and effect People crave cause and effect relationships. The crypto markets are the opposite of what people want—a near perfect machine of randomness and volatility. Nonetheless, people’s desire for cause-and-effect cause the…

Modeling altseason, estimating Ethereum, XRP, Bitcoin Cash, Litecoin prices using BTC dominance

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If ‘altcoin season’ happened today what would the cryptocurrency prices look like? What about if Bitcoin continues to reign supreme and BTC dominance keeps rising? We model different BTC dominance scenarios and show the price implications on Ethereum, XRP, Bitcoin Cash, and Litecoin—providing a best-guess estimate of what the markets could look like. Reviewing the…

Bitcoin network value at all-time high based on average price paid per BTC

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The value of the Bitcoin network is at all-time highs based on the average price holders paid for their coins. The metric used, realized market capitalization, is also a surprisingly effective indicator for predicting BTC market tops and bottoms. Issues with market capitalization Market capitalization gives a skewed value for the Bitcoin network. Borrowed from…

Bitcoin mining profitability, electricity consumption, and efficiency—new data from the University of Cambridge

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The University of Cambridge recently launched an index for tracking the electricity consumption from Bitcoin mining. The data provides interesting insights into the profitability and environmental impact of cryptocurrency mining. Tracking Bitcoin electricity consumption in real time Source: CBECI Cryptocurrencies have been around for more than a decade, but the environmental impact of the industry…

Data shows that Bitcoin was the best safe haven asset over the past 3 years

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Prior to the 2016 presidential election, there was a lot of speculation about what would happen economically if Donald Trump won the presidency. Many analysts, such as a professor at the Johns Hopkins University School of Advanced International Studies Erik Jones, expected to see “incredible pressure on stock prices and everyone flooding into rare metals…

Markets Update: Cryptocurrency Prices Continue to Accelerate

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Digital asset markets have been on a tear lately, gaining $68 billion in five days. Currently, there’s over $100 billion in global trade volumes and crypto bulls don’t seem to be letting up any time soon. Also Read: How to Find a Bitcoin Cash Meetup Near You The Cryptoconomy Captures $368 Billion Cryptocurrency markets have…

Markets Update: Digital Currency Economy Surpasses $300 Billion

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Digital currency prices have spiked considerably in the last 24 hours and bitcoin core (BTC) stopped short about $70 in an attempt to cross the $10K price zone. Most cryptocurrencies are up between 2-8% on Friday, June 21 and the entire cryptoconomy surpassed $300 billion. Also read: These Are 2019’s Biggest Cryptocurrency Winners and Losers…

Markets Update: Crypto Prices Surge After Last Week’s Pullback

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Digital currency markets have regained some of the losses they endured last week, with the entire cryptoconomy now valued at $275 billion this Saturday. Most cryptocurrencies are up in value between 2-8% today but global trade volumes have tapered off with only $63 billion swapped in the last 24 hours. Also read: Bitcoin.com’s Local Bitcoin…

As the halving approaches Litecoin could plunge like it did in 2015

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47 days before the 2015 block rewards reduction, Litecoin’s declined by 70 percent following a 590 percent surge. Now, only 45 days away from this year’s halving and up 540 percent, LTC is showing signs that a correction is underway. The Halving Event Every four years after 840,000 blocks are mined, Litecoin goes through a…

EOS voting structure encourages centralization

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EOSIO, the blockchain protocol created by Block.one, saw its popularity skyrocket in the past year. The network is facing problems of increased geographical centralization—which could be problematic for the protocol’s security and trustworthiness. How does EOS work? Launched on June 14, 2017, EOS is a young but popular blockchain protocol designed to host decentralized applications…