As the end of 2019 approaches, it means there will be one year left for John McAfee’s infamous wager that said the price per bitcoin would “reach $1,000,000 before the end of 2020.” If the forecast doesn’t come to fruition, he said that he would eat his family jewels on television. At the moment, the...Read More
The concept of a Bitcoin ETF has been dead in the water for years. Despite another rejection looming on the horizon, Bitwise is not giving up on this idea just yet. It is not the first time that the company wants to explore a Bitcoin ETF. Bitwise Wants its Bitcoin ETF at all Costs So...Read More
Several analysts speculated that the sideways movement Bitcoin has been displaying was nothing but a mere set back; venture capitalist, Tim Draper, however, is bullish about the king coin as he reportedly said that the price of Bitcoin could go to a high of $250,000 in the next two years. Discussing the same, Fundstrat’s Tom...Read More
If you’ve been on Crypto Twitter, you’ve likely heard the term “miner capitulation” time and time again in reference to Bitcoin.For those who missed the memo, when BTC started to tank last month, the Bitcoin network’s hash rate began to stall, failing to grow after months of growth in the cryptocurrency mining ecosystem. This trend...Read More
Investors have long been awaiting another 2017-esque bull run that shakes up the standing of the top cryptocurrencies and possibly leads some smaller altcoins to see meteoric gains that propel them up to the top of the markets.This rally has not happened, however, and as the crypto markets face a prolonged bear market many of...Read More
Unlike traditional ones, cryptocurrency wallets store a lot of relevant information such as the secure private key used to access Bitcoin addresses and carry out transactions, etc., And while there are many ways in which users can store their Bitcoins, it’s important to fully understand the drawbacks of each type of wallets. With the growing...Read More
The cryptocurrency community is usually divided into three major camps when it comes down to potential ways to earn money. The first is inhabited by traders, believing that the best way to make profits is to take advantage of the volatility in the market by trading. The second comes in the form of long-term investors,...Read More
Not a day goes by without blockchain technology making some form of a headline. In Thailand, distributed ledgers will play a major role in its Electronic Visa on Arrival project Thailand has been experimenting with these virtual visas for some time now. Thailand Sees Merit in Blockchain The new system will be rolled out very soon. It...Read More
While many in the crypto industry focus only on the monetary aspects of Bitcoin, the cryptocurrency and its respective blockchain have a technical side too, a side that isn’t often focused on.John Newbery, a developer at Bitcoin-centric development firm Chaincode Labs, recently broke down where he expects the network’s technical development trajectory to head next.Related...Read More
It’s almost the end of the year, and this end would also mean that Bitcoin would successfully be stepping into its 11th year of existence. Over the decade, the largest cryptocurrency has gone through the phase of being a digital currency that’s used by criminals to a currency that has been viewed as a store...Read More
Ripple, a company behind XRP cryptocurrency, became a $10 billion blockchain giant after raising $200 million in a funding round earlier this month. But according to one prominent trader, the San Francisco firm has no value.Tone Vays, a former Wall Street trader and vice president of JP Morgan Chase, criticized Ripple for sucking value out...Read More
Indian economy has been surfing troubled waters for quite some time. Several proposals have been made by economists and taxpayers across the country to resolve the situation. The Indian government, although it has embraced the idea of “digital India”, isn’t really convinced about the entire concept of cryptocurrency, while being cautious about blockchain. The government...Read More
What defined the year of 2017 in the crypto world was the fulminant rise in initial coin offerings. This new crypto era spawned hundreds of new projects trying to gather funds through initial coin offerings (ICOs). But many of these projects either failed or are no longer operating today. 2018 recorded a huge disinterest in...Read More
A six-year-old girl in London found that somebody had already written a message in one of a box of charity Christmas cards. It had apparently been written by a foreigner detained in a Shanghai prison and forced to work in the factory where the cards are produced. The prisoner should be thankful that he wasn’t forced...Read More
XRP rebounded at the $0.18 support this week but failed to climb above the resistance at $0.20. Against BTC, it is still on the bearish footing as the momentum lies with the sellers. The cryptocurrency remains the 3rd largest project with a total market cap value of $8.40 billion. Key Support & Resistance Levels XRP/USD...Read More
One of the heated topics in the cryptocurrency, regulatory, and the fintech space has been Facebook’s footprint in the digital asset ecosystem with the unveiling of Libra. This venture is viewed as a positive sign for the growth of the cryptocurrency market altogether by some, whereas criticized by many. The criticism was not much of...Read More
Recently, a few Bitcoin Cash (BCH) proponents have been writing a series of myth-busting articles that describe Bitcoin technicals generally thought to be true but which are not. The articles posted on the read.cash blog have reviewed topics like 10-minute confirmation times, SPV wallets, PoW energy usage, and rising network fees. Also read: Meet Snowglobe:...Read More
Logarithmic scale analysis of the entire bitcoin and crypto market, based on data from the past decade, point to the potential for the sum of all digital assets to reach a valuation of $11 trillion by 2023. Logarithmic Analysis Predicts New Altcoin Bull Run, Bubble in Coming Years Benjamin Cowen, who has dedicated previous analysis...Read More
Following the recent bout of turbulence experienced by Bitcoin and the aggregated crypto markets, BTC has been caught within a firm and tight trading range that has led it to consolidate for the past several days.Analysts are now noting that which boundary of this trading range is broken through first could offer significant insight into...Read More
Is the bottom in? Since Bitcoin (BTC) fell precipitously to $6,600 late last month, analysts have been asking if the leading cryptocurrency has finally found a price bottom after a multi-month downturn.Analysts have understandably divided over the question, as the correct answer would show in which direction Bitcoin will head for the next couple of...Read More
Bitcoin (BTC) attracts the most attention with its price action. But the technological capabilities of the leading coin should not be underestimated. Bitcoin Network Evolves with Lightning Payment Innovations In 2020, more than a decade after the Genesis block was created, the Bitcoin network will have changed in unexpected ways. Beyond highly active mining and...Read More
[Press Release Gibraltar, December 22th 2019] Following the app release, an in-principle DLT approval by the Gibraltar Financial Services Commission and an acceptance onto the STP network, tap’s token (XTP) is to become available on the Bittrex platform Tap is a one-stop-shop crypto app that includes an aggregated crypto exchange (spanning several exchanges to deliver...Read More
Indian banks may start turning down potential customers, because of their religion, as per a recent report. Furthermore, protesters in Hong Kong are boycotting one of the largest banks in the country, HSBC, due to the latest alleged political arrests. Naturally, among economic and financial turmoil of the kind, it’s hard not to bring Bitcoin’s...Read More
DeFi ecosystem offers users bank like options including lending and borrowing platforms, payment platforms, derivatives platforms among several others. While most of the DeFi applications are built on the Ethereum blockchain, Ethereum seems to be making headway in the same. Ethereum not only seems to be taking a lead with regard to the applications in...Read More
Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several years. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...Read More
Despite what the news may imply, Bitcoin (BTC) is up on the year, having posted an over 70% gain. XRP, Ethereum, and other altcoins, on the other hand, have suffered, plunging under the weight of a volatile Bitcoin.Some cryptocurrencies have been hurt more than others. The most hurt altcoin in the top 10 has to...Read More
Bitcoin doesn’t like to stay so long at one spot. The more it does remain, the sharper the next move will be. Let’s start from the macro-level: the last Wednesday saw Bitcoin’s huge price move of about a $1000 gain in just 12 hours – surging from below $6500 straight into the $7400 resistance (the...Read More
Last week the Cardano Foundation released Shelley’s Incentivized Testnet which was an entirely new software based on Jormungandr version8. CEO of IOHK, Cardano’s parent company, Charles Hoskinson shared a “brief update” with the community. While pointing out that every testnet would have some sort of issues, Hoskinson revealed that they came across several comments pertaining...Read More
As 2019 comes to an end, looking back at the year, the cryptocurrency industry has witnessed several developments in its ecosystem. However, the ones that stood out were the numerous regulations imposed on the industry. While prominent players of the industry have been abiding by these regulations, Poloniex seems to be moving against the conventional...Read More
According to one researcher, quantum computing faces more hurdles than many realize when it comes to achieving viability in breaking encryption. In a recent report Dr. Subhash Kak, Regents Professor of Electrical and Computer Engineering at Oklahoma State University, notes that there are issues such as “noise” and error correction that render the buzz about...Read More
