Tag Archives: Opinion

Bitcoin basher Mark Mobius raised concerns over the security promised by blockchain technology while calling it "a very high-risk situation." | Source: REUTERS / Danish Siddiqui (i), Shutterstock (ii). Image Edited by CCN.Mobius Capital Partners LLP founder and emerging markets fund manager Joseph Bernhard Mark Mobius has raised concerns over the security promised by blockchain technology — first made famous by Bitcoin (BTC) — while calling it "a very high-risk situation."Mark Mobius:...

The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: ShutterstockOver the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders are quick to notice the coin’s growing weakness.A pseudonymous trader named Escobar has closed short-term long positions. While doing so, the...

Samsung's flagship Note 10 is getting a special crypto edition in South Korea. | Source: REUTERS/Toby MelvilleSamsung launched the KlaytnPhone in South Korea on Thursday, a spinoff of the Galaxy Note 10 equipped with blockchain apps and a cryptocurrency wallet.It furthers Samsung’s position as the most crypto-friendly smartphone maker, putting it lightyears ahead of rival Apple. Thus far, the company has added blockchain support in a variety of models, integrated cryptocurrency payments into...

Though other cryptocurrencies will likely go through periodic pumps, bitcoin is the only crypto with real and lasting value, according to Peter Brandt. | Source: ShutterstockAre you holding cryptocurrencies other than bitcoin? If so, you might want to overhaul your portfolio.That's because an expert in classical charting principles warns that buying altcoins is not a wise investment decision.Not now, not ever.Altcoins Are 'Lead' to Bitcoin's 'Gold'Earlier this week, Peter Brandt took to...

VanEck plans to launch a bitcoin fund designed for institutional investors that The Wall Street Journal falsely describes as a "limited version of a crypto ETF." | Source: ShutterstockThe bitcoin bulls have wrestled back control of the BTC price, with the leading cryptocurrency barreling for $11,000 once again. While the positive momentum emerged over the weekend, the optimism is no doubt also being fueled by today's VanEck development. The New York-based investment management firm plans to...

Bitcoin bull Anthony Pompliano wants Satoshi Nakamoto to win the Nobel Peace Prize, but other crypto fans aren't sure that's a good idea. | Source: ShutterstockWhoever the real Satoshi Nakamoto is, one long-time Bitcoin enthusiast thinks he, she, or they should win the Nobel Peace Prize.The recommendation came from Anthony “Pomp” Pompliano, a partner at Morgan Creek Digital Assets.Satoshi should win the Nobel Peace Prize.We finally have a currency that can assume global reserve status...

By CCN.com: Owners of “whale wallets” scooped up 450,000 BTC as the bitcoin market hit bear-market lows in late 2018. It appears whales now control 25% of all BTC.Is this good or bad for bitcoin?Whales are smart moneyThese private, non-institutional buyers decided an 85 percent decline was a buying opportunity.The market sent BTC prices higher.Now they hold bitcoin, hoping to exploit the law of supply and demand. By hoarding coins, liquidity dries up, theoretically forcing prices...

The blockchain era has largely been defined by grandiose promises and ambitions, but little to show for it. For most companies, even those that successfully complete ICOs, we usually hear loud guarantees of life-changing and revolutionary technology. In the end, however, these “game-changers” end in the same place most others do, the dustbin of history. Reports of a vast majority of blockchain projects fizzing out or simply vanishing have become common, and those applications still around are...