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June 17, 2019

Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000 – MarketWatch

Bitcoin is back!

The world’s No. 1 cryptocurrency is on fire, with a price approaching $10,000, pushing the digital asset near its highest level in more than 14 months, according to MarketWatch data provided by CoinDesk.

A single bitcoin BTCUSD, +0.49% most recently, was trading at $9, 218.21, after putting in a December low at $3,194.96. Its current level is bitcoin’s loftiest level since March 29, 2018 when a bitcoin changed hands above $9,700.

Moreover, bitcoin trading on the CME Group’s futures exchange for June deliveryBTCM19, +0.64% was at $9,265, up 9.7% on the day, representing a 153% surge for bitcoin futures for the year to [...]

 
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June 14, 2019

Bitcoin Suddenly Bounces–Here’s Why

Bitcoin, still the largest cryptocurrency by market capitalization by some margin, has been making up ground after being left in the dust by one of it’s biggest rivals, litecoin, this week.

The bitcoin price is now up more than 5% over the last 24 hour trading period, touching $8,720 on the Luxembourg-based Bitstamp exchange, and putting it once again in touching distance of its year-to-date highs of a little over $9,000 per bitcoin.

Bitcoin has been rallying hard today after the litecoin price made significant gains over the last week.GETTY

Bitcoin and cryptocurrency traders and investors have been closely watching the bitcoin price [...]

 
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June 11, 2019

Ubisoft Reportedly Developing Ethereum Apps, Shows Interest in Blockchain

Ubisoft—the fourth largest publicly traded video game company known for Assassin’s Creed, Far Cry, and Just Dance—is reportedly developing game features on the Ethereum blockchain, according to Les Echos.

Sources told Les Echos that the development team at Ubisoft is in the advanced stages of creating a blockchain-based marketplace for in-game items, essentially enabling users to purchase game commodities using the blockchain and crypto assets like Ethereum.

A rough translation of the report read:

“The idea is to give a digital existence on the blockchain to the ‘items’ (accessories) available in video games; content that publishers [...]

 
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June 5, 2019

$1 Billion Valuation May Elude Ethereum Co-Founder’s New Blockchain Polkadot – CoinDesk

Blockchain project Polkadot’s bid for a $1.2 billion valuation has hit a snag.

Since January, the Web3 Foundation, the Switzerland-based nonprofit behind the project, has been trying to raise up to $60 million through a private token sale. According to people familiar with the situation, three Chinese funds have agreed to invest $15 million in the project’s DOT tokens.

However, these three investors agreed to pay prices that, on average, valued the project below $1 billion, the sources said – falling short of the unicorn threshold Polkadot was reportedly seeking. (The agreed-to prices may vary from investor to investor.)

While it’s unclear how many [...]

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Shoppers want Amazon-brand prescription drugs, medical marijuana and cryptocurrency – MarketWatch
 
 

 

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