Crypto in Press [2018-06-16] - University of Texas, Ukraine, Bitcoin Valuation Delusion, Token Swaps

mezmerizer9 (1)(1)in #crypto-news • 7 years ago

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#1 University of Texas Researchers Claim Bitcoin Price Rise in 2017 was Falsely Manipulated

#2 Ukraine May Host a Monument Dedicated to Bitcoin’s Founder Satoshi

#3 The Bitcoin Valuation Delusion

#4 Token Swaps:What Are They, How They Work & Why They're Happening Now

1. University of Texas Researchers Claim Bitcoin Price Rise in 2017 was Falsely Manipulated

The latest investigation done by University of Texas researchers claims to disclose exact facts and evidence of he meteoric rise of Bitcoin and other cryptocurrencies in late 2017.

The study dubbed " Is Bitcoin Really Un-Tethered?," was made by John Griffin, the professor of Finance and Ph.D. candidate from the University of Texas and applied algorithms to deeply analyze blockchain data related to price spikes.

2. Under the wave of the cryptocurrency swirl, Ukrainian crypto enthusiasts are planning to erect a monument in Kyiv in honor of Bitcoin’s father known by the name of Satoshi Nakamoto. The statue of blockchain‘s creator is determined to be put on the former place of a Vladimir Lenin monument.

3. Some people seem to believe that Bitcoin might be worthless, we discuss their arguments. If there was value in Bitcoin, how would we know? Shared delusions, are they useful?

4. So, your token is being sent to a new blockchain…

Far from an elaborate crypto scam, the decision to carry out this process, known as a "token migration" or "token swap," has become increasingly popular among blockchain projects. Notably, two of the top 25 cryptocurrencies trading globally - Tron and EOS - are in the midst of such a transition, and at least two more top 30 tokens are expected to soon follow suit.

With millions – even billions – of dollars worth of tokens involved in each migration, the stakes are high. But despite this, the blockchain industry remains largely uninformed on token migrations and their implications. In a sampling of experts, CoinDesk found that even industry leaders were sometimes unable to answer basic questions about the process.

Nonetheless, much about token migrations can be discerned from those pioneering the shifts. For those who have undergone such transitions, they often represent a difficult but necessary step in realizing their project's vision.

For Shawn Wilkinson, founder of decentralized storage startup Storj, which started its token migration in 2017, the rewards simply outweighed the risks.

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