Counterparty: The Fuel for Bitcoin Price Stability?
Bitcoin has managed to move one step further up the financial stairway, reaching $581 USD as of press time. While the jump isn’t as large as its predecessor, the price of bitcoin hasn’t been this strong in well over a year, and many are breathing a long sigh of relief and hoping things continue to stay this way. Their hopes may come true, with a little push from Counterparty. Naturally, analysts seem to be right where they’ve always been, acknowledging the bitcoin jump while simultaneously advising against investments until further notice. As one source states: “Price has completed a…....
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On October 6, Overstock announced the online retailer had hired two Counterparty developers to build a decentralized stock-exchange, code-named "Medici." CEO Patrick Byrne confirmed the stock exchange would be built atop Counterparty during his speech at the Inside Bitcoins Conference in Las Vegas. The announcement immediately caused the Counterparty price to surge (Counterparty's native currency shares the platform's name and is also known as XCP). However, the price began to cool off on October 8. Also Read: Overstock Chooses Counterparty for Decentralized Stock Exchange. XCP Price....
Counterparty is a Bitcoin 2.0 platform. XCP is the native currency for Counterparty, a Bitcoin 2.0 platform that allows the creation of digital assets. The XCP price surged during the past two months due to several impressive announcements. First, Overstock CEO Patrick Byrne announced the company planned to build a decentralized stock exchange on top of Counterparty. More recently, the Counterparty developers successfully ported the code of Ethereum into Counterparty. However, the XCP price has declined for the past two weeks. Also Read: The March of Counterparty - Highlights from Reddit....
Fresh off the announcement of a new partnership with Overstock, Counterparty is announcing the founding of the Counterparty Foundation, a new non-profit organization. The Counterparty Foundation will be established with the help of Perkins Coie, a law firm that advises many cryptocurrency companies. The Counterparty Foundation will provide enhanced structure and services to the growing Counterparty ecosystem; something that Counterparty founders say has been a much-demanded feature. Also read: Medici Will Be a Real Bitcoin 2.0 Stock Exchange. Counterparty was founded by Robby Dermody, Evan....
Counterparty recently announced they successfully imported the Ethereum smart contracts programming language into their Bitcoin 2.0 platform. The XCP price surged after Counterparty announced they recreated Ethereum on the Bitcoin-based Counterparty platform. Despite tapering off a bit following the rise, the XCP price still increased more than 60% in the past week. Also Read: Ethereum Cloning: Ethereum Comments, Counterparty Responds. XCP Price Ignites after Counterparty Announces Ethereum Clone. Earlier this week, Bitcoin 2.0 platform Counterparty announced that they had successfully....
Last week, rumors surfaced that the United States Securities Exchange Commission (SEC) had sent inquiry letters to various companies who have released securities on crypto 2.0 platforms. Some investors became anxious that the SEC was targeting the platforms themselves. This uncertainty led to a brief drop in the price of Counterparty's native currency, XCP. However, Counterparty responded that the SEC has not contacted them and that since their platform is open-source, they are not responsible for how people use it. Since Counterparty's clarification, the XCP price has increased more than....