Bitcoin 2019: A Peer-to-Peer Conference for the Whole Bitcoin Community

The first major Bitcoin conference, Bitcoin 2013, was held in San Jose, California. Organized by the Bitcoin Foundation, it was centered on Bitcoin specifically and the more pragmatic issues that Bitcoin was trying to solve, particularly in the areas of Bitcoin technology, Bitcoin mining, Bitcoin business and regulatory issues. Writing for Bitcoin Magazine at the time, Vitalik Buterin commented, “For long-time Bitcoin users, events like this are particularly emotional; here, for the first time, we are able to see fellow Bitcoin users, whom we have loved, worked with and had…

Genesis Capital | Crypto Lending Weathers a Bearish Market

Crypto lending firm Genesis Capital processed $1.1 billion in loans last year. This is according to the company’s recently released ‘Lending Snapshot’ for Q4 2018. Genesis Capital The figure shows the massive growth in processed loans as Bitcoin price fell over 44% in 2018. The first Digital Asset Lending Snapshot was released at the end of Q3 2018. This reported that Genesis processed $553 million in loans from the period starting March 2018. Therefore the most up-to-date figures show that “Q4 loan originations increased more than 100% in the final three months of 2018…

Crypto Hacks Take $1.7 Billion in 2018

Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into the crypto industry yet. Crypto Hacks Worth $1.7 Billion Of the total stolen in 2018, over $950 million was from cryptocurrency exchanges. This is 3.6 times more than what was stolen from exchanges in 2017.…

Bitcoin Price Analysis: BTC at $4,500 Not an Impossibility

Bitcoin Price up 1.8 percent, double-bar bull reversal pattern prints Fidelity Investment custodial services set for March Transactional volumes expected to rise in days ahead Three months after announcing their interest in crypto, Fidelity Investment will set out and roll out Bitcoin custody in three months. No doubt this will easy crypto trading as BTC is usually the base pair as BTC/USD rise from $3,500. Bitcoin Price Analysis Fundamentals Here’s why Fidelity Investments delving into the cryptocurrency world is such a big deal. First, the Boston based firm has over…

How Fidelity Bitcoin Custody Launch in Q1 Crucially Shows Institutional Demand Still Exists

On January 30, Bloomberg reported that Fidelity, the world’s fourth-largest asset manager, is set to launch its Bitcoin custody service by the end of the first quarter of 2019. Three sources who asked to remain anonymous reportedly said that the plans are still private but the firm plans to introduce Bitcoin storage first, followed by Ethereum (ETH) custody. Why Fidelity Pushing Forward With Bitcoin Custody is Meaningful As one of the biggest mutual fund operators in the U.S., Fidelity works with more than 13,000 financial institutions. It established its intent…

Bitcoin Price Watch: BTC Rally Remains Attractive To Sellers

Bitcoin price traded to a new monthly low towards $3,340 and later recovered against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $3,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may start a short term rebound if there is a proper break above $3,450 and $3,480. Bitcoin price dipped to a new yearly low and later recovered against the US Dollar. BTC could decline once again if it fails to break the $3,450-3,480 resistance area in the…

JPMorgan Notes Marginal Improvements to Payment System With Blockchain Technology

Experts at financial services giant JPMorgan say that blockchain technology will provide benefits to banks and payment systems, Bloomberg reports on Jan. 29.   JPMorgan’s chair of global research, Joyce Chang, said, “Blockchain isn’t going to reinvent the global payment system, but it will provide marginal improvements. The most meaningful impact will probably be three to five years away and mostly on trade finance.” A recent report led by Chang purportedly states that blockchain applications in trade-finance are more common because of the high potential gains from efficiency through digitization.…