| Bitcoin Breaks $8K for the First Time Since July 2018 What is this all about?
Last Monday, May 14, bitcoin broke the $8,000 mark. The next day, it reached $8,200, but then lost $1,000 on Friday and approached $8K again on Sunday. Bitcoin hasn't seen such volatility for a very long time. What do the experts think about it?
Erik Voorhees, CEO of instant cryptocurrency exchange platform ShapeShift, argued that the volatility seen in the bitcoin and altcoin markets over the years is a necessary phenomenon for a nascent asset, stating that bubbles are an essential part of the industry's growth. We also talked to teenage bitcoin millionaire Erik Finman, analyst Naeem Aslam and founder of Morgan Creek Digital Anthony Pompliano about previous week — check out the full video here. Bitstamp Starts Investigation After Large BTC Sell Leads to $250 Million Liquidated on BitMEX What happened?
Major crypto exchange Bitstamp has launched an investigation after a large bitcoin sell order heavily impacted its order book. The price of bitcoin had plummeted about 20% from around $7,800 to as low as $6,250 in less than 30 minutes earlier on the day. How is this connected to BitMEX?
Other crypto media noted that it involved a sell order that led to a liquidation of $250 million long positions on the BitMEX exchange with 5,000 BTC sold at $6,200, which further resulted in price declines on other crypto exchanges. Read more here. Bakkt to Roll Out First Bitcoin Futures Testing in July 2019 What happened?
First announced in August 2018, institutional crypto exchange Bakkt now announced that it will soon introduce bitcoin futures trading testing on a federally regulated futures exchange in collaboration with its parent company, Intercontinental Exchange (ICE). How did Bakkt comment on it?
Bakkt CEO Kelly Loeffler wrote: "In conjunction with our exchange and clearing partners at ICE, we'll be working with our customers over the next several weeks to prepare for user acceptance testing (UAT) for futures and custody, which we expect to start in July." Read more here. Louis Vuitton and Christian Dior Owner Unveils Blockchain Platform to Verify Luxury Goods What happened?
ConsenSys has teamed up with LVMH and Microsoft to build a blockchain-powered platform that allows consumers to verify the authenticity of luxury goods. The consortium says the system, known as Aura, is designed to "serve the entire luxury industry with powerful product tracking and tracing services." LVMH brands, including Louis Vuitton and Christian Dior, are already involved in the project. What exactly is Aura capable of?
ConsenSys's news release says: "AURA makes it possible for consumers to access the product history and proof of authenticity of luxury goods — from raw materials to the point of sale, all the way to second-hand markets." Read more here. Joseph Lubin on Ethereum 2.0: ETH to Become 1,000 Times More Scalable Within 24 Months What happened?
Ethereum co-founder Joseph Lubin said that the Ethereum blockchain will become about 1,000 times more scalable in 18 to 24 months. He specified that the development that will bring such a drastic scalability increase to the ecosystem will be Ethereum 2.0, also called Serenity. Did he add anything else?
Lubin explained that there are multiple ways in which the new chain could be connected with the old one, noting that ether tokens will be able to move from the old chain to the new one and that "there may be bidirectional mechanisms." Read more here. | 
0 Comments
Postingan
