By CCN: The bitcoin price is trading higher headed into the weekend and is currently hovering at $8,572, up 2.7%. After the recent spike beyond $9,000 and dramatic fall back to Earth, the market clearly is doing its best to go higher. Just ask Vinny Lingham, who is at the helm of blockchain-fueled ID startup Civic and a general partner at Multicoin Capital. Lingham, who has only recently turned...
By CCN: Many in the crypto community remained calm and banded together despite the steep drop in the bitcoin price on the heels of an otherwise incredibly bullish month. Bitcoin’s value was slashed by approximately $21 billion in the last 24 hours, with the BTC price currently holding above the $7,000 threshold. The declines were traced back to a mega sell order on Bitstamp exchange, either...
By CCN: Not to compare Vinny Lingham to Cinderella, and he’s not about to turn into a pumpkin or anything. But one of the biggest skeptics on the bitcoin price is hours away from turning bullish as the clock ticks closer to midnight. Lingham had made himself warm and cozy in the crypto winter, so this is a 180-degree turn for him. All kidding aside, the founder of blockchain-fueled identity...
In the past 24 hours, the bitcoin price has remained relatively stable at $5,000, at one point briefly surpassing $5,100 following a rebound from $4,900.
On April 12, bitcoin experienced an 8 percent fall from over $5,400 to around $4,950 in most major crypto markets, demonstrating a relatively large retracement.
Be careful what you wish for. The crypto community continues to beg big investors to get on board with bitcoin, but there could be some unintended – and alarming – side effects. Most notably, bitcoin could be destined to hitch its wagon to the fate of the Dow Jones Industrial Average. While cryptocurrencies should be a respite from the stock market, their mettle has yet to be tested...
Bitcoin’s April rally has captured the attention of observers both inside and outside crypto–land, with the price perched above $5,200 once again. Blockchain pioneers are confronting the pop, even if they have different views on what it means. Vinny Lingham, who is at the helm of blockchain identity platform Civic, isn’t convinced that crypto winter is over and wouldn’t be...
Vinny Lingham, a general partner at crypto fund Multicoin Capital and the CEO at Civic, has said that if the Bitcoin price drops below $3,000, it will face serious problems. In an event in which the Bitcoin price plunges to the $2,000 region — breaking a major support level at $3,000 — the investor said that crypto winter would turn into “nuclear winter.” If we break below $3000 for...
Vinny Lingham, a general partner at Multicoin Capital and the CEO of Civic, believes the crypto market won’t recover any time soon. He said: The crypto market will rise again, but most likely only when the pain of the recent fall becomes a distant memory. Don’t underestimate the power of psychology in free markets. Why Crypto Could Take a Long Time to Recover In 2017, the crypto market saw one of...
According to Vinny Lingham, the CEO of Civic, the crypto market and Bitcoin could suffer from their bearish trend for at least three to six months. The $3,000 support level has been quite strong Lingham said and in the short-term, the $3,000 support level will likely be maintained with buy orders being set in the lower range of $3,000 to $3,500. Lingham said: “I think it stays in the range...
Critics of the Bitcoin community’s decision to pursue a development path that prioritizes the coin’s utility as a store of value often allege that a payments-first focus is necessary to create a “base level of demand” for a cryptocurrency. However, writing on Twitter, BitGo co-founder Ben Davenport makes the case that the payments use case creates an almost negligible base level of demand...
Bitcoin price plummeted to a monthly low as rumors that the People’s Bank of China (PBoC) was planning to crack down on bitcoin exchanges began to receive apparent confirmation. Bitcoin Price Plunges on China News BTCC announced its exchange will suspend trading on September 30, and although the closure appears to be voluntary, a Shanghai media service reports that the city issued verbal...
Civic CEO and Gyft co-founder Vinny Lingham claims a Bitcoin Core developer threatened him for supporting the controversial New York Agreement (NYA) earlier this year. Lingham made the accusation on Twitter following a tweetstorm between prominent Core and SegWit2x supporters. Barry Silbert Accused of Using Threats to Promote NYA The tweetstorm began when Bitcoin Core contributor Matt Corallo...
In a moment of confusion and to the dismay of some, CIVIC ended it’s crowdsale yesterday around 5PM. Due to congestion in the Ethereum Network and the shutdown at Coinbase, we have ended sales for the day. Thanks to everyone involved! pic.twitter.com/aSu9Vz8oVa — Vinny Lingham (@VinnyLingham) June 21, 2017 They later announced on their website that they had reached their goal of $33 million...
Vinny Lingham, a bitcoin entrepreneur who has advocated reasonable expectations of bitcoin, recently tweeted that bitcoin has a 2.5% chance of being worth $100,000 or a 0.25% chance of being worth $1 million. Lingham’s message offers a dose of level-headedness against those who have expectations of six- and seven-figure bitcoin values. Lingham tweeted in response to Naval Ravikant, co-founder of...
Both bitcoin and ether prices fell today, putting off what many traders consider inevitable—the “Flippening.” The Flippening, of course, refers to the potential future date when Bitcoin could lose its status as the largest cryptocurrency by market cap. Many coins have tried to usurp Bitcoin through technical innovations, corporate partnerships, and marketing strategies, but Bitcoin has continued...
The bitcoin scaling debate has driven many people in the bitcoin community to assume a cult-like viewpoint, an observation Vinny Lingham makes with despair. In a blog titled, “Satoshi’s Choice,” Lingham observed that the bitcoin community has failed to maintain a level attitude aimed at achieving the greater good for the community. Hence, he doesn’t see a resolution to the current impasse on...
Bitcoin entrepreneur Vinny Lingham believes it is too soon for the SEC to approve a bitcoin ETF. In a recent blog, he says that if the SEC approves an ETF soon, another bitcoin bubble could be in the works which will make it harder for the cryptocurrency to stabilize and become a widely-accepted store of value. He noted that a recent Gizmodo article questioned why bitcoin’s price has hit an all...
The last 12 months have solidified bitcoin’s crucial role in the global economy. Investors and traders have relied on the digital currency to protect their wealth and avoid economic and financial crisis resulting from excessive government monopoly over current monetary systems. Indian government’s decision to demonetize 500 and 1,000 rupee banknotes led to one of the worst economic disasters in...
The Bitcoin Foundation has appointed 3 new members to the board with the creation of three new member seats. The new members are runners up from the previous industry election and the Bitcoin Foundation — with the new appointments – have also published a draft for a new mission statement. The press office of the Bitcoin Foundation has confirmed the appointment of Vinny Lingham, the...
It wasn’t long after the announcement that Coinbase raised $75 million in funding that Gyft announced they’ve modified their platform to work with the Coinbase wallet. Now that they allow for the purchase of bitcoins through different bitcoin methods, Gyft joins the ranks of the few companies that allow for this kind of diversification. “Gyft is all about choice and flexibility,” said Vinny...
Earlier today, Gyft revealed their own Gyft gift card on the Gyft network of over 200 retailers. Gyft accepts Bitcoin right alongside typical centralized payment processors such as PayPal, Google Wallet, VISA, Mastercard, etc. For over a year, Gyft has been “showing-by-doing” the efficacy of adding bitcoin acceptance to any business model. Without chargebacks and lengthy wait times...