Bitcoin Price Ebbs From $18,000 High as Market Continues to Set Records

The bitcoin price made another bullish run on Thursday, reaching above $18,000 for the first time in its brief history. Friday morning, however, the bitcoin price began to ebb from this peak, providing altcoins with an opportunity to begin to mount a recovery after Thursday’s carnage. Source: CoinMarketCap At the height of the rally, bitcoin carried the cryptocurrency market cap above $450 billion, briefly making the sum total of all cryptocurrencies more valuable than tech conglomerate Alibaba. However, at the time of writing, the cryptocurrency market cap was valued at…

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The Blockchain Token Velocity Problem

Kyle Samani is the co-founder and managing partner of Multicoin Capital, a new thesis-driven crypto fund that invests with a multi-year time horizon in blockchain tokens. Basically, all token pitches include a line that goes something like this: “There is a fixed supply of tokens. As demand for the token increases, so must the price.” This logic fails to take into account the velocity problem. In this post, I’ll explain the velocity problem by providing an in-depth example. Then I’ll examine mechanisms that reduce velocity. A high-velocity example Ticket fraud…

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a Run-Down of Thursday’s Dizzying Movements

Widespread outages. A $4,000 spread between two of the largest Western exchanges. The fastest $1,000 bitcoin price surge in history. Those were just a few of the events that bitcoin traders encountered on Thursday — a day that proved to be one of the most frantic in recent memory. The bitcoin price began the day on an incline, punching through $15,000 less than 24 hours after reaching $13,000. The rapidity of bitcoin’s climb triggered a mass exodus from the altcoin markets, as traders rushed to increase their bitcoin holdings to…

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Former SEC Commissioner Joseph Grundfest: Bitcoin Still In ‘Wild West’ Phase | CNBC

Stanford Law Professor and Former SEC commissioner Joseph Grundfest discusses bitcoin and the regulatory requirements with the SEC. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC…

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Jim Cramer: Bitcoin’s Surge Has ‘Very Little To Do With Investing’ | CNBC

The “Squawk on the Street” crew weighs in on bitcoin’s enormous surge as the digital currency tops $15,000. This is one of the least functional markets I’ve ever seen, says Cramer. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter:…

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