Bitcoin Price Could Shift From $10K As Futures And ETFs Sway Markets

Bitcoin is settling around $10,000, and the chances of a major bull market in 2019 are all but over, new market data suggests. $20K Bitcoin ‘93% Unlikely’ This Year According to the analytics resource Skew, institutional investors are the latest cohort to flash more bearish about Bitcoin’s 00 prospects for the rest of this year.  Taking data from derivatives giant LedgerX and Deribit, Skew produced a chart which concludes the probability of BTC/USD hitting $20,000 before 2020 is just 7%. The likelihood has been falling as the year progresses, despite…

Why VMware CEO Pat Gelsinger Is Wrong About Bitcoin

For a tech-company CEO, Pat Gelsinger is perhaps surprisingly forthright about the potential dangers of technology. But whilst certain technological ‘advances’ can indeed be a potential minefield of ethical issues, the VMWare head-honcho reserves a particular ire for our beloved Bitcoin. With Great Technology Comes Great Responsibility In an interview with Fortune, ahead of his company’s annual conference in San Francisco, Gelsinger called upon tech companies to consider ethical issues and the effect their products and business models can have on society. You can’t have company business models that are fundamentally…

Ethereum is a Technological Dead End, Says Samson Mow

Controversial bitcoin maximalist Samson Mow described Ethereum as “a technological dead-end” after the digital ledger project ran out of capacity.  Ethereum Struggles With Congestion Again The network utilization of Ether, Ethereum’s native asset, soared above 90 percent, according to data provided by Etherscan.io. The surge, according to Ethereum co-founder Vitalik Buterin, could prompt transactions costs to increase, making it expensive for corporate users. The comments indirectly referred to Tether Limited, a Hong Kong-incorporated firm that issues its stablecoins atop the Ethereum blockchain. The past month saw Tether paying $26,000 in…

Blockchain.com Faces Pressure To Offer 31M Bitcoin Wallet Users SegWit

Bitcoin and altcoin wallet provider Blockchain.com is facing fresh pressure for forcibly making its users pay higher transaction fees. Reddit Mod Decries 31 Million New Legacy Bitcoin Wallets Blockchain, formerly known as Blockchain.info, is one of a number of Bitcoin wallets which does not support Segregated Witness (SegWit) technology. SegWit allows for faster and cheaper Bitcoin transactions by changing characteristics of the transaction itself, including its size.  Despite being available since 2017, the improvement has come up against criticism from some, who have voiced various concerns about its implementation.  Blockchain…