It happened. The bitcoin price hit a new all-time high yesterday, passing $1,200.
One reason for the bullish sentiment, according to market analysts, could be the potential upside from a favorable ruling on the Winkelvoss bitcoin ETC. A decision is due from the SEC on whether or not to approve it by March 11th.
The latest surge came during a time when bitcoin has been trading above $1,000 for the longest stretch in its history.
CoinDesk spoke to analysts who believe that this could possibly indicate a new support floor. Others, however, shared their concern over the state of bitcoin's development and culture, pointing to potential uncertainty ahead.
In BLOCKCHAINS FOR INSURANCE, CoinDesk takes a look at how blockchain technology is affecting a $5tn industry. We talk to the startups and incumbents making this happen, give an overview of the applications and share insights from industry insiders on how distributed ledgers can change a sector that touches almost every aspect of the global economy.
Do You Believe in Blockchain Magic? *Opinion*: Financial consultant Sebastien Meunier lays bare the hype around blockchains, and points out that the blockchain is not a general-purpose solution for everything. Rather, it is an enabler for new types of functionalities and services. Read more.
New Ethereum Proposal Aims to Supercharge Smart Contracts *EDCON 2017*: At the ethereum developer conference in Paris this week, Ledger Labs head of technology Jeff Coleman put forth a way of abstracting state channels that he believes would work for a variety of applications. Read more.
'Top 10' Blockchains Report Concludes: Now is the Time to Pivot Research boutique Aite Group is about to release a report that details and compares the characteristics and business models of 10 leading blockchains. Read more.
The Code for This Bitcoin Node Scanner is Now Open Source CoinScope, a tool that provides aggregated data about bitcoin nodes, has been made publicly available on GitHub. One interesting finding in the white paper is that roughly 2% of the nodes represent three-quarters of the mining power. Read more.
Hawaii's Blockchain Exploration Bill is Moving Forward A bill that would establish a working group to study the feasibility of blockchain technology in Hawaii has passed the House's Committee on Finance. It now makes its way to the Hawaii Senate. Read more.
Hitachi Tests Private Blockchain for Rewards Points According to a blog post from project partner Tech Bureau, one of Japan's oldest and largest conglomerates is exploring how to use blockchain technology for its incentive program. Read more.
Mizuho Completes Blockchain Recordkeeping, Digital Currency Trials Conducted in partnership with professional services firm Cognizant, the tests saw the bank develop its own digital currency, as well as a system for sharing documents across national borders. Read more.
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In BLOCKCHAINS FOR INSURANCE, CoinDesk takes a look at how blockchain technology is affecting a $5tn industry. We talk to the startups and incumbents making this happen, give an overview of the applications and share insights from industry insiders on how distributed ledgers can change a sector that touches almost every aspect of the global economy.
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