CryptoCoins News, 1/1/0001 12:00 AM PST Bitcoin price continued on Sunday as it had done on Saturday: quiet trade in a $4 range. Today’s price action seems to be coiling up for a larger move. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using […] The post Bitcoin Price Getting Ready To Move appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
Forbes, 1/1/0001 12:00 AM PST While Danish crypto currency exchange CCEDK has signalled that it is to become a hub for a series of “diverse projects” and services, with the current trading engine ceasing for good this May, investors should not panic as the shutdown will allow the exchange to initiate a major upgrade. Once revamped it relaunches as a Decentralized Conglomerate on 1 July - aka an enterprise ecosystem engine. |
CryptoCoins News, 1/1/0001 12:00 AM PST Peter Todd, backed by Matt Corallo, has proposed hard-fork changes to the bitcoin network to make “useless” patent pending algorithmic improvements which give mining an Asicboost of 20%, leading to increased profits of some $30 million if used by one of the biggest mining pools. In a striking post to the bitcoin mailing list, Todd […] The post Bitcoin Core Threatens a Hard Fork over Asicboost Mining Optimization appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CryptoCoins News, 1/1/0001 12:00 AM PST Fred Ehrsam, co-founder of Coinbase, noted in a Yahoo video interview that while the present period is a great time for bitcoin, controversy also surrounds bitcoin and blockchain technology. Asked by Yahoo finance reporter Dan Roberts about the interest in blockchain technology that is overshadowing bitcoin, Ehrsam compared the debate to the dawn of the […] The post Coinbase Co-Founder Ehrsam: Bitcoin’s Open Network Beats Private Blockchains appeared first on CCN: Financial Bitcoin & Cryptocurrency News. |
CoinDesk, 1/1/0001 12:00 AM PST Missed bitcoin's big scaling debate? In this opinion piece, University College Dublin's Dr Paul Ennis breaks down the various stages. |
Business Insider, 1/1/0001 12:00 AM PST In 2011, Thailand was the world's largest exporter of rice, accounting for about 30% of the global market. But then prime minister Yingluck Shinawatra introduced a controversial rice scheme where the government would pay farmers almost 50% more than market prices. The idea was that since almost 40% of Thailand's labor force worked in agriculture, then it would make the average Thai wealthier while also creating a rice shortage by taking supply off of the market. In theory, the government would then be able to sell the rice at an even higher price. But prices didn't rise as much as the Thai government was anticipating, and then competitors — India and Vietnam — began to flood the market and lower their prices. That left Thailand with a ballooning inventory of rice and warehouses filled to the brim. Fast forward to 2016, and Shinawatra has been out of office for two years after being removed by a military coup. Thailand is now the No. 2 rice exporter in the world, trailing rival India, and its rice stockpile is still enormous. But there might finally be some relief in sight. The El Niño of 2015-16 has caused drought conditions across much of China, India, and Southeast Asia. And while farmers in Thailand and elsewhere in the region are being devastated by the weather, the Thai government has an opportunity to unload a good portion of its stockpile. Here's Deutsche Bank (emphasis added): According to the US Department of Agriculture (USDA), Thailand's rice inventory is set to drop by almost 50% to 5.2mn MT in 2016 on the back of a projected decline in domestic output to a five-year low of 15.8mn MT. And the good news doesn't stop there. Deutsche Bank says (emphasis added): It is highly plausible, in our view, that Thailand would take this El Niño episode as an opportunity to clear its huge stockpile and regain market share as shipments of rival exporters will likely be curbed by reduced domestic output. SEE ALSO: Vietnam is being crippled by its worst drought in nearly a century Join the conversation about this story » NOW WATCH: We went to the most notorious beach rave on the planet — Thailand's full moon party |