Crypto gains may be fueling the labor shortage as people buck low-paying work and take their chances on risky digital assets, research firm says
Another institutional hit for bitcoin–which probably had the most sustained effect–was the SEC’s refusal to approve a bitcoin exchange-traded fund (ETF). This would be a path for more mainstream people in finance to dabble with blockchain; it would allow investors to dip their toes in bitcoin without owning the actual asset. Not only that, but it would make bitcoin available on the most prominent financial markets. The U.S. Securities and Exchange Commission (SEC), however, has yet to allow such a fund to exist–mostly because it is unable to monitor crypto-transactions in order to avoid market manipulation.
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Dogecoin is thus notable as an experiment in “inflationary cryptocurrency,” and experts are watching it closely to see how its long-term value trajectory differs from that of other cryptocurrencies.
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You may be wondering what to make of cryptocurrency and whether it has a place in your portfolio. But if you’re not familiar with digital currencies or blockchain technology, even the basic concept can be overwhelming.
Stellar Lumens presents a noble case for itself. The blockchain network wants to allow users to send money anywhere. This is very similar to the goal of XRP or ripple. Ripple is six times larger than Stellar and easier to use.
The global cryptocurrency market cap has grown by 2.63 percent over the previous day to $2.94 trillion, data from coinmarketcap.com shows.
Using data from a prominent blockchain research firm, Coinmetrics.io, we explore the relationship between prices, computing power (measured by the hashrate), and network (measured by the number of unique active users). We focus on five major mineable cryptocurrencies (i.e. Bitcoin, Ethereum, Monero, Litecoin, and Dash). In some of our test, we expand our data to include an additional 33 cryptocurrencies. Our sample period spans from 7 August 2015 to 25 January 2019.
Cryptocurrencies’ finite supply makes them inherently deflationary, more akin to gold and other precious metals — of which there are finite supplies — than fiat currencies that central banks can, in theory, produce unlimited supplies of.
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New short-term investors who are selling their holdings in reaction to the drop may be influencing the continued dip in Bitcoin’s value, according to a recent report from Glassnode Insights, a blockchain analysis firm.
U.S. Dollar Index (DX) Futures Technical Analysis – Reaction to Test of 93.800 Early Wednesday Sets Tone
Many lesser-used cryptocurrencies can only be exchanged through private, peer-to-peer transfers, meaning they’re not very liquid and are hard to value relative to other currencies — both crypto- and fiat.
Bitfury has appointed former Binance US boss Brian Brooks as CEO. Former financial regulators are in control of one of the world’s largest crypto mining outfits when the industry is booming.
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His appointment with Binance was seen as a sign that Binance was seeking an image of greater transparency through hiring well-regarded regulators to senior roles.