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Tom Lee’s Bitcoin Misery Index Hits Highest Value Since 2016 in...

Fundstrat’s Thomas Lee revealed that his “Bitcoin Misery Index” has recently hit its highest figure since June 2016, in what he suggests could be a good or a bad sign. Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee revealed on April 11 that his “Bitcoin Misery Index” (BMI) recently hit its highest figure since June 2016. He suggested the data could be a good or a bad sign. The BMI — which Lee designed with the aim of informing investors of how “miserable” Bitcoin (BTC) holders are based on the coin’s price and volatility — reportedly hit a value of 89 on April 2. The Index assigns a value of 100 to positive sentiment and 0 to outright misery. Historical BMI chart 2011-2019, with Tom Lee’s analysis. Source: Thomas Lee’s Twitter, April 11 According to Lee, the fact that Bitcoin has reported its highest reading since June 2016 provides a mixed signal. He proposed two interpretations of the index, writing that: “Good--> Since 2011, BMI >67 only seen during ..

Wang Tingting: The Future Value of Bottos Will be More Precious...

Dear Bottos’ fans and all supporters: Hi! 2019 is the year of capital recovery, but we meet some farce during the process of replacing the CEO. However, the farce is always a farce, and the replacement will inevitably complete. As the founder of Bottos, my mission is to eliminate any difficulties in order to realize the ultimate dream. Compared with the hardship of the past and the challenges of the future, these farce are not worth mentioning. Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up.When you receive this letter, we just finished Bottos’ 2018 financial report, and now we are doing some further audits. We will disclose relevant information according to the White Paper promise. Relevant information will be announced soon, please be patient. Bottos 1.0: Bottos Chain main online line is just the beginning Bottos Chain (bottos.org) is a vertical public chain in th..

How Supply Affects Crypto’s Value, Explained

Debate has been raging on whether cryptocurrencies with a fixed supply are good or bad. Do they increase prices and demand, or stymy spending? So is crypto actually a currency?This is open to interpretation. While some crypto startups have sought to ensure that their tokens can be used to buy something specific — whether its collectible cats or stocks — others are creating assets with a deliberately limited supply to help crypto users store value and see it appreciate over time. One example is Bitcoin Rhodium. Its commodity, XRC, has a total supply of 2.1 million tokens coded in the blockchain. Named after a rare precious metal, the new crypto asset argues that other solutions were not a tempting proposition for investors seeking a long-term investment in crypto securities. It describes itself as the final part of the “Crypto Trinity” — along with Bitcoin and Litecoin — which is designed to appeal to a broad spectrum of investors, many of whom have different needs and interests. As we..

Apple Co-Founder Steve Wozniak on Bitcoin: ‘We’ve Seen Massive Value Creation’

Apple co-founder Steve Wozniak declared that he thinks “we’ve seen massive value creation” when asked about Bitcoin’s potential. Apple co-founder Steve Wozniak declared that he thinks “we’ve seen massive value creation” when asked about Bitcoin’s (BTC) potential in an interview with Bloomberg published on Feb. 26. When Bloomberg asked Wozniak if he still expects Bitcoin to become the world’s currency in the future — an idea he expressed in June last year — after “we’ve seen massive value destruction in Bitcoin,” the entrepreneur countered: “I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.” Apple’s co-founder then argued that oftentimes psychology drives market dips, with fear in part determining price. Wozniak clarified that he was not interested in Bitcoin “as an investor” and that he “only had Bitcoin to experiment with,” clarifying that he had used the crypto as a form of payment. Wozniak also noted that he had sold all of..

Value of Bitcoin Shorts Drops to 6-Month Low: Bitcoin is really...

The crypto markets are booming once again; prices are up since the weekend and bitcoin is testing the $4,000 mark for the first time since January. The top cryptocurrencies remain green and fewer people are betting against bitcoin at this time—and literally so too. According to data from Bitfinex, the value of funds in short positions against the premier cryptocurrency reached its lowest point in the last 6 months on Tuesday. When investors place short positions (or short bets) on an asset like bitcoin, they stand to profit when there is a drop in the price of the asset. As at 13:00 UTC on Tuesday the value of funds held I these BTC shorts fell to 18,888 BTC, the lowest ever since August 4. 2018. The surprising bull run in the cryptocurrency market must have influenced investors to exit short positions they held against the BTC. The value of bitcoin shorts dropped by at about 30 percent since in the course of the day as bitcoin added about 10 percent in price. More Confidence in the..

Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value

Senior adviser to Bank of England Governor Mark Carney said that cryptocurrencies are slow, lack value and fail basic financial tests. Huw van Steenis, senior adviser to Bank of England’s (BOE) Governor Mark Carney, told Bloomberg in an interview Monday, Jan. 21, that cryptocurrencies fail fundamental financial tests. Van Steenis joined BOE in 2018, having previously worked at Schroders and Morgan Stanley. He is currently heading a review of the future of finance, according to Bloomberg. When asked about crypto’s potential to become a threat to economic stability, van Steenis said: “I’m not so worried about cryptocurrencies. They fail the basic tests of financial services. They’re not a great unit of exchange, they don’t hold value, and they’re slower.” Van Steenis noted that registering new entrants into the banking system, especially technology firms, is one of the major challenges for BOE. He also stressed that traditional banks are slow when it comes to adopting new technologies. ..

BAC Blockchain Will Unlock Value For Global Enterprises

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Blockchain technology offers significant benefits to enterprise organizations, but certain limitations have undermined its widespread adoption. One reason, many observers agree, is that enterprise solutions require both speed and stability from technology, which many blockchains are unable to achieve in equal measure. Some blockchains are able to achieve a high transaction speed at what some would consider the expense of stability. To become widely accepted, blockchains need flexible frameworks that do not sacrifice speed or flexibility, and at the same time provide identity and security. Developers must be able to create smart contracts and applications with ease and in a reasonable time frame. A Visionary Steps Forward Alex Xiong envisioned a blockchain that uses a delegated proof of work consensus that would be easier f..

BAC Blockchain Will Unlock Value For Global Enterprises

This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Blockchain technology offers significant benefits to enterprise organizations, but certain limitations have undermined its widespread adoption. One reason, many observers agree, is that enterprise solutions require both speed and stability from technology, which many blockchains are unable to achieve in equal measure. Some blockchains are able to achieve a high transaction speed at what some would consider the expense of stability. To become widely accepted, blockchains need flexible frameworks that do not sacrifice speed or flexibility, and at the same time provide identity and security. Developers must be able to create smart contracts and applications with ease and in a reasonable time frame. A Visionary Steps Forward Alex Xiong envisioned a blockchain that uses a delegated proof of work consensus that would be easier f..

Total Value of Bitcoin Sent to Darknet Markets Increased by 70%...

During last year, the value of Bitcoin sent to darknet markets has notably increased, according to a report. During last year the value of Bitcoin (BTC) sent to darknet markets increased by 70 percent, according to a Chainalysis report published on Jan. 18. The Chainalysis report points out that darknet activity is relatively not influenced by Bitcoin’s price action and does not necessarily drop when the price drops. According to the data contained in the report, in 2018 the relationship between the value of darknet market transactions and Bitcoin’s market performance was inverse. Over the course of 2018, the total value sent to darknet markets saw a notable 70 percent increase, while total Bitcoin economic transaction value dropped throughout the year. Value of BTC Sent to darknet markets and BTC Market Performance. Source: Chainalysis According to Chainalysis data, the total dollar value of darknet market transactions has been steadily rising since 2011. The value peaked in 2017 at..

BitMEX Research: ICO Tokens Allocated by Teams to Themselves Lost 54%...

A new report by BitMEX shows that ICO teams have lost 54 percent of value of the initial $24 billion worth of tokens allocated to themselves. The value of tokens that over a hundred of initial coin offering (ICO) teams have allocated to themselves has decreased by 54 percent from the initial figure of $24 billion. This was revealed in the latest research by cryptocurrency exchange BitMEX published Jan. 16. BitMEX has conducted a research of the ICO market in collaboration with analytics firm TokenAnalyst, looking into treasury balances of more than a hundred projects on the Ethereum (ETH) network. The analysis reportedly made use of machine learning techniques and was based on the interpretation of smart contract data and transaction patterns on the Ethereum blockchain. According to the report, the combined value of all the tokens that the analyzed projects have allocated to their own teams, has gone down from $24.2 billion at the time of each individual token’s issuance to about $5 b..
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