By CCN: Adamant Capital’s Tuur Demeester, an outspoken crypto analyst and proponent of Bitcoin, said on Twitter that using the flagship cryptocurrency's blockchain will eventually be as expensive - and rare - as chartering an oil tanker. Even the simple act of opening a Lightning Network channel will be cost-prohibitive and potentially slow once the network user base climbs into the billions...
By CCN: If you're placing bets on where the bitcoin price is going next, the data is overwhelmingly in favor of a bull market. Crypto analyst Willy Woo attaches a whopping 95% or higher probability that the worst is over for BTC. Woo participated in an online debate hosted by derivatives trader Tone Vays, the topic of which was whether or not the bitcoin price has bottomed. Incidentally, the two...
It’s possible that the bitcoin price has found a bottom, but that doesn’t necessarily mean that it’s headed for a new all-time high before the end of the year. That’s according to Tuur Demeester, an economist and bitcoin trader, who argues in a new report that the market needs more time to absorb the historic 36-month rally that carried the bitcoin price from sub-$250 to a peak just below $20,000...
Litecoin's price gained nearly 30 percentage points on Friday, surpassing the $90 and reaching a market capitalization of $4.816 million, according to coinmarketcap.com. The number five cryptocurrency led the top 10 cryptos except for 10th ranking Ethereum Classic, which jumped 32.34 points. The $91.32 price nearly doubles the $47.20 price from three weeks ago, not to mention the more than 200%...
Litecoin price jumped 15.61 points to hit $58.70 today, giving it a market capitalization above $3 billion. Litecoin’s surge led all of the top 12 cryptos today, none of which reached double digits in the 24-hour period. Number 13 ranked Lisk, with a market capitalization of $862.886 million, jumped 42.33 points in the 24-hour period, according to CoinMarketCap. The Surge Continues Litecoin's...
There is an overdose of Neo & Bee news lately, but we think these views on the situation are worth being shared. Two Bitcoin high-profiles came forward and shed their light. Tuur Demeester and Andreas Antonopoulos were both connected to Neo & Bee's story. Demeester was contacted by CEO Danny Brewster, hoping he would become an investor. Antonopoulos worked as a consultant for the startup...
Finance Professor Mark T. Williams, also known as the guy who thinks bitcoins will trade for around $10 by mid-2014, recently wrote an article for Business Insider where he claimed Bitcoin has the power to "harm nations, economies, and global commerce". The basic premise of the article is that central bankers are "needed to spur economic growth" in various countries around the world. It seems...