Binance recently invested in the cryptocurrency derivatives platform, FTX, as a part of its strategic partnership. Binance purchased equity in the derivatives firm and also purchased long positions in the FTT token. The partnership will aim to leverage FTX’s platform to build liquidity and institutional products offered across the Binance ecosystem. FTX, one of the...Read More
Sweden, Turkey, and the U.S. have detailed their positions on a national digital currency. Here’s what each country has to say. It’s been a busy year for state-backed digital currencies. In early November, China indicated that it plans to push forward with its plans for a yuan-backed cryptocurrency. Prior to this, a leaked document from...Read More
Iranian President, Hassan Rouhani, has suggested a unified Muslim crypto asset in talks with the Malaysian Prime Minister and Turkish President during the Kuala Lumpur Summit 2019. Rouhani said that the move would strengthen cooperation amongst Muslim nations and enhance resistance to financial shocks and manipulation by the US. Unified Muslim Crypto Well-Received Malaysian Prime...Read More
The Bahrain-based crypto exchange, ‘Rain’ announced recently on Twitter that they had received a license from the Central Bank of Bahrain. This will allow the exchange to accept local currencies in and around Bahrain like Saudi Arabia, the United Arab Emirates, Kuwait, Oman, etc. Our mission is to bring cryptocurrency to the Middle East. We...Read More
One of the great things about producing podcasts covering the Bitcoin space is that there is no shortage of enlightening, bizarre and intellectually challenging conversations to be had. Strangely enough, Mark Beylin, an intrepid and perhaps disenchanted member of the Ethereum community might have said it best in a recent tweet: With that in mind...Read More
Outlier Ventures, a venture capital firm, said that 2020 will be the start to a new phase in crypto, bitcoin, Ethereum, and blockchain following ten years of development and speculation.The firm’s head of research Lawrence Lundy—which has invested in major cryptocurrencies like bitcoin, Ethereum, Cosmos, Brave, and Chainlink—said that the next ten years will be...Read More
Regulatory pressures as well as the development of third-party, intermediary and custodial services in the crypto space have been limiting the share of peer-to-peer trading. A new contender is now challenging established P2P exchanges by offering users a mobile service that allows them to determine the level of privacy they want to maintain, and use...Read More
The next Bitcoin parabolic rally may take prices as high as $141,173, based on logarithmic band analysis. But the trek to those highs may take a while testing various support levels. Bitcoin Price Prediction Based on Previous Bands Charted Forward Analysis by Benjamin Cowen based this prediction on a backward look at BTC performance so...Read More
While Bitcoin saw a 10% jump this week, rallying from the multi-month lows of $6,400 to surge as high as $7,300, there is still a sentiment in the cryptocurrency market that a return to the $6,000s, then a drop to the $5,000s is entirely feasible.Related Reading: Research Group: Bitcoin’s Halving Unlikely to Catalyze Bull Run, But...Read More
The cryptocurrency market has been around for more than 10 years. For this relatively short period of time, it has managed to establish a serious community of people who not only work with but trade with digital assets. Naturally, there has been a lot of speculation about whether or not trading Bitcoin is the right...Read More
Bitcoin skyrocketing, altcoins nosediving, scams, hacks, even central banks announcing digital currencies, 2019 had it all and then some. Looking at the onset of the next decade, the market has a lot in store. With the adoption of cryptocurrencies moving on from retail to institutions and then to sovereign, the bar for the most unlikely...Read More
Ripple has a great end to Year 2019. The network announced that it has earned $200M funding in a Series C investment. The Series C was led by Tetragon with participation from SBI Holdings and Route 66 Ventures. Ripple plans to use these funds to accelerate XRP adoption globally. Following the news, XRP price saw...Read More
A blockchain tax return tool will soon become a reality. Thomson Reuters Tax & Accounting has collaborated with Verady to develop a tool to track crypto transactions. Once added to the GoSystem TaxRS, this blockchain tax tool will assist the government in the Tax return procedure. The tool will help streamline classification, organization, and accountancy...Read More
The dollar price of Ripple’s token XRP has remained relatively flat, with a long-time gradual slide for all of 2019. But the story about price action may be hidden in another pair, XRP/BTC. XRP Closes In on Crucial Level Against BTC XRP may be nearing another crossroad level, though not expressed in terms of dollar...Read More
Justin Sun, Founder of TRON Community has applauded his developers in a series of tweets. He has elaborated on a new privacy feature added to the TRON Network. Though the security layer is not yet developed, the developers have added it to the TRON testnet. Justin terms it as “key to shielded transactions and layer-2...Read More
According to recent estimates, bitcoin mining in 2020 is expected to take off at an explosive pace. Miners are predicted to mine around $3 billion worth of BTC as per the coin’s current price. Bitcoin mining has always been a crucial part of the BTC network. Mining involves validating transactions, adding blocks to the blockchain,...Read More
At a summit attended by leaders of Muslim countries, including Malaysia, Turkey, Iran, Qatar, and Indonesia, the Iranian president proposed creating a Muslim cryptocurrency to cut reliance on the U.S. dollar. The Malaysian prime minister supports the idea of a unified cryptocurrency for Muslim countries. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings,...Read More
2019 has been nothing less of a rollercoaster ride for the cryptocurrency industry and the uncertain regulatory climate in the US backs the statement. Crypto enthusiasts across the world are now skeptical of what to expect moving into 2020. Blockchain Association’s executive director Kristin Smith is of the opinion that while drastic regulation might not...Read More
After a successful Accelerator Program in Malta, the æternity blockchain-based Accelerator program Starfleet has now turned its eyes to India. The AE Ventures run accelerator program will commence from January 27th, 2019 in the Bangalore city. The accelerator program dubbed as “Starfleet India” is a great opportunity for young Indian minds to bring out their...Read More
Tim Draper, American venture capitalist and Bitcoin bull has come out in vocal opposition to India’s citizenship act, claiming Bitcoin could see collateral damage. For the past week, protests have been raging across major Indian cities around a recent amendment to the country’s Citizenship Bill, which according to critics is discriminatory on the basis of...Read More
In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening,” the number of coins issued per block to miners will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be cut in half in layman’s terms.Related Reading: Don’t Withdraw Bitcoin From...Read More
30 billion XLM allocated; 9 billion XLM in escrow. The Stellar Development Foundation (SDF) has published a mandate that outlines its plans for future spending. SDF currently holds 30 billion Stellar lumens (XLM), an amount roughly equivalent to $1.3 billion. The company is tasked with spending those funds on growing Stellar — primarily in the...Read More
British Virgin Islands-based cryptocurrency exchange Bitfinex has announced that users can now buy cryptocurrencies using debit and credit cards. Third-party payment solutions provider Mercuryo and OWNR Wallet are aiding the crypto exchange to allow users to purchase using cards. As of now, card purchases allow Bitcoin, tether and ERC20 tokens. However, these features are allowed...Read More
In June, when Bitcoin was soaring above $10,000, nearly every trader and their mother expected the cryptocurrency to continue rocketing higher.Though, one analyst incessantly called for rationality to return to the crypto markets, claiming that this surge above $10,000 was a clear overextension of BTC’s long-term growth curve. He went as far as to say that Bitcoin...Read More
Binance is already the biggest cryptocurrency exchange in the world. It appears that the company will keep improving its presence across different industries. By investing in a derivatives platform, an interesting decision has been made. FTX is a hot Commodity Very few details are known about the deal at this time. Binance has invested in...Read More
Introducing new wallets for specific cryptocurrencies is crucial to increase adoption, Spark, a new wallet for IOTA, offers some interesting features. This wallet is developed by the team behind Trinity, the go-to wallet for most IOTA users. Spark is a Different IOTA Wallet Spark operates very differently, and is tailored more toward experienced users. It...Read More
Bitcoin and other crypto assets haven’t done too hot over the past six months. Since peaking at $14,000 in June, the leading cryptocurrency, BTC, has lost some 50%, tumbling as bulls failed to keep the upward momentum, and as regulatory pressure and sell-side pressure from miners and the PlusToken scam hit the market.Despite this, one...Read More
During the last two weeks as cryptocurrency prices slid below long term foundational support, speculators assumed Plustoken scammers may be behind the dump. Blockchain intelligence firm Chainalysis published a report which claimed Plustoken coin sales might be dragging BTC prices down. Moreover, on December 19, Plustoken scammers moved 789,525 ETH ($101 million) from one address...Read More
Bitcoin’s upcoming mining rewards halving – which is slated to occur in May of 2020 – has long been looked upon as a catalyst for next major BTC bull run, primarily due to the historical precedent of these events.In spite of this, one research group is now noting that the direct fundamental impact on Bitcoin’s...Read More
