Its Thursday evening and you are back at it again staring at the charts. You are sitting there pondering to yourself, why is the price dropping again and why did I go all in at $15,000. At the time of…
Cryptocurrencies are the “next natural step” for the global economy, academics from Imperial College London have claimed in a new report that suggests people could be paying for their weekly shop in Bitcoin within a decade.The study, commissioned by cryptocurrency exchange eToro, presents research from Professor William Knottenbelt and Dr Zeynup Gurguc, who claim that digital coins like Bitcoin or Ethereum have already passed one of the three fundamental tests to become a bona fide currency: acting as a store of value. They suggest that it is possible that digital coins like Bitcoin could soon fulfil the two remaining roles necessary to become a legitimate currency, such as becoming a medium of exchange by making it easy for people to exchange goods and services and also prove it can be used as a unit of account, acting as a measure of value in the economic system.
To bitcoin adherents, bitcoin and other cryptocurrencies are still a work in progress. Yes, its energy usage is an issue but it’s one that developers are aware of any trying to solve.One blockchain professional I spoke to on Thursday compared the BIS report to saying the world would be in trouble if a baby was put in charge. Babies tend to grow up before they are given any responsibility and crypto developers are hard at work helping bitcoin and other digital currencies grow up.”I don’t think many people appreciate just how early stage this technology is,” Jamie Burke, the founder and CEO of specialist bitcoin and blockchain VC fund Outlier Ventures, told the Blockchain Alternative Investment Conference in London on Monday.Something like 98% of bitcoin’s original code base has been rewritten since it was first created in 2009 and developers around the world continue to work on new ideas, solutions, and technology.Allarie said: “I’m deep, deep in it and I’m a pretty technical person and I cannot keep up. There’s so much. I’m not even close. There’s just so much activity and so much innovation happening. I’ve never seen anything like it, it’s just happening at such a pace.”
Anyone with an eye for an investment will be closely following the fortunes of cryptocurrencies, and Bitcoin in particular. Although their surge in value has been a tempting lure for short-term speculators, attention has recently been shifting to the possibility…
Clif High Webbot 2018# Temporal Awareness, Cryptocurrencies, The Yogi vs The Bluebirds #1
Traders are seeing bearish sentiments within cryptocurrency markets as more than 60 percent of the top digital assets are seeing losses. BTC/USD markets are hovering just above the $7,800 region after losing momentum at the $8K zone during today’s early morning trading sessions. BTC global trade volume stands at only a few million units lower than duing our last analysis, as the past 24-hours has seen about $5.2Bn in trades.
2018 looks to be a great year for cryptocurrencies and blockchain technology. There are events on all over the globe discussing the latest trends–with exciting new startups, ICO’s, and blockchain disruption being just a few of the topics featured. We have picked ten of the hottest cryptocurrency and blockchain events happening this year and brought them to you.
If analysis is the body, data is the soul.
In our project of stock market analysis based on Twitter sentiments, we selected a few sample companies. We decided what we needed but we still had to cast some spells to get to the core data.
As much as we dream about attending Hogwarts, we can’t simply say ‘Accio’ to make the data come to us. The computer generally doesn’t understand the spells of the wizarding world yet. So, we will just go create some of our own spells using Python.
Now that choice of language has been made, let’s dive into coding. To get the data, I need an API which can provide me with reliable data of NASDAQ. With numerous searches on Google, I found one named ‘Alpha Vantage’. It provides simple, easy to use API to retrieve around last 10 days of per minute data. Good enough to go ahead with it.
Now, with this API, either I can just simply download the JSON file everyday by making changes to the API call or I can simply write some code to get me the real-time data. Downloading it every day is one way but I chose the later one.
Bitcoin’s spot price was slumping on Tuesday, touching a six-week low below $11,000, as the biggest cryptocurrencies came under pressure across the board.
The selloff follows reports that South Korean Finance Minister Kim Dong-yeon said banning trading in virtual currencies was “a live option.” That has added to ongoing worries about a potential crackdown in what’s considered the world’s third-largest crypto trading market.
The cryptocurrency market has begun to recover after the South Korean cryptocurrency trading ban controversy led the market valuation of cryptocurrencies to fall by more than $100 billion.
Cryptocurrency Market Starting to Recover
Almost immediately after the South Korea Ministry of Justice revealed its plans to continue drafting a cryptocurrency trading ban bill, the price of almost all cryptocurrencies in the global market plunged in value. Merely hours later, the South Korea Ministry of Strategy and Finance publicly stated that it does not support and agree with the cryptocurrency trading ban proposal by the Ministry of Justice.