Korean stablecoin, Terra saw a massive spike in volume yesterday, up 280% on the previous day. And, as a cryptocurrency that sells itself as a payment system, this may well hint at the burgeoning acceptance of crypto as money.Winter is here and ecommerce volumes are through the roof. @terra_money saw 11 BILLION KRT (korean won...Read More
Bitcoin’s daily close yesterday confirmed that there will not be any more upside, at least, nothing above $7,600. Moreover, the indicators that exhibited bullish trends have slowed down; they are on the verge of a reversal. Moreover, the price also got rejected by the centerline of a major descending channel seen on the daily time...Read More
Data shows that Bitcoin’s hashrate has just hit a new all-time high of 111 EH/s, which represents a 170.73% increase since January 1, 2019. Bitcoin Hashrate. Source: Blockchain.com Hash rate measures the amount of computing power used by miners to generate new blocks every 10 minutes, keeping the Bitcoin network running at all times, a...Read More
Ethereum co-founder Vitalik Buterin recently posted an alternative proposal for an early transition to Ethereum 2.0 that “achieves the goal of getting rid of the PoW chain and moving everything onto the beacon chain on an accelerated schedule.” According to Buterin, this proposal will require stateless clients, but not stateless miners and web assembly, meaning...Read More
According to recent reports, Uzbekistan has recently decided to ban crypto purchases, even when it comes to licensed crypto exchanges. A few weeks ago, Uzbekistan’s National Agency for Project Management introduced new regulatory amendments. The new regulations came on December 6th, and its consequences are already being felt, as it pulled back the operability capacities...Read More
Although all eyes have been on Bitcoin as of late, it may be time to pay some heed to altcoins like Ethereum and XRP. According to a recent analysis of the ETH/BTC chart, Ether may soon rally by over 100% against the leading cryptocurrency Bitcoin, with technical and fundamental factors supporting a rally in this...Read More
Cryptocurrency has long been trumpeted and used as a tool to escape the hardships of abusive, inflationary financial regimes. Step forward an audacious plan to economically jailbreak the entire population of Zimbabwe with Dai. A Nation Dai-ing On Its Feet Bitcoin use has soared in Zimbabwe over the past year, as the government has applied...Read More
International payment and crypto service Wirex has enjoyed a productive year. Over the course of 2019, partnerships have been formed, a native token (WXT) released and the Wirex website and card completely redesigned. With the firm’s reach rapidly growing, CEO and co-founder Pavel Matveev has no plans to rest on his laurels. On the contrary,...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, December 24th, the XRP stopped falling. It is generally trading around $0.19. On D1, XRP/USD keeps developing a downtrend after the renewal of the previous minimum. The main goal of the current movement is the psychologically important level of $0.1000. Convergence on the MACD signals a...Read More
Uzbekistan appears to be changing its stance towards cryptocurrency adoption as the President has made it illegal to purchase any, while citizens can actually sell them. Interestingly enough, this comes only a year after cryptocurrency usage was legalized. Uzbekistan Bans Cryptocurrencies According to a local report, the former Soviet republic is set to place a...Read More
China is about to broaden the scope of its blockchain pilot in cross-border financing, Reuters reported Tuesday, citing a government official. Besides, China might reform the foreign exchange regulation to deal with cryptocurrency. Gov’t to Adjust Forex Regulation for Cryptos Lu Lei, deputy head of China’s State Administration of Foreign Exchange (SAFE), said at a...Read More
Many are pinning their hopes on next year’s bitcoin halving as the catalyst for another bull rally. There may be wider issues at large though, especially with regards to bitcoin mining. Bitcoin Halving 141 Days Away The countdown continues to bitcoin’s halving which has now been estimated on May 14, 2020. The widely anticipated event...Read More
There were many hopes for 2019 to be a bullish year, but after a series of bearish periods, will the crypto market recover in 2020? Market analysts and crypto specialists have divided opinions regarding how the crypto landscape will look in 2020. Let’s take a look at some of the main factors that could influence...Read More
Bitcoin to hit $100,000 two years from now at Christmas 2021? Don’t believe it, warns Bloomberg’s markets editor. | Source: Shutterstock Bloomberg Markets editor bashes the Bitcoin Stock-to-Flow model for allegedly mispredicting the cryptocurrency price. Joe Weisenthal says scarcity is not an influential factor in pricing bitcoin in the future. People only need to bid...Read More
According to recent complaints by a number of people in the crypto community, Youtube has removed a vast number of crypto videos without warning. Youtube Censors Crypto YouTube has been the prime video platform around the world for a decade and a half now, and over the years, it has definitely had a number of...Read More
In order for a crypto asset to be attractive to traders it needs to have liquidity. Without any daily volume there is nothing really to trade and recent findings indicate that 95% of altcoins fall into this category. Dying Altcoins in The Thousands Even with today’s minor dip, bitcoin dominance is still holding above 70%...Read More
Since yesterday, Bitcoin’s price movement has been flowing downward in a series of waterfalls, with some sideways movement in between. The daily close yesterday being rejected at the two-year moving average at around $7529 caused Bitcoin to flip from being slightly bullish to majorly bearish, causing a flurry of liquidations on BitMEX Bitcoin longs. Source: BTCUSD...Read More
The Bitcoin Cash (BCH) network has seen a lot of development in 2019, but two projects in particular have shined brightly throughout the year. The growth of the Simple Ledger Protocol (SLP) universe has been vast and there are thousands of SLP tokens out there today. Additionally, the BCH mixing application Cashshuffle has seen significant...Read More
Canadian tax authorities’ approach to crypto-assets might discourage the country’s citizens from using digital assets, as things like double taxation remain an issue. While the US still struggles to bring regulatory clarity to the world of cryptocurrencies, its neighbor, Canada, currently faces taxation issues. The country was quick to introduce crypto taxes as early as...Read More
Not so long ago, crypto exchanges came under fire for allegedly facilitating wash trading and trade volume manipulation. Following Bitwise’s report about exchanges faking volumes, popular data site, CoinMarketCap faced backlash for reporting false volumes. TradingView’s General Manager, Pierce Crosby explained spoofing in the equities market is similar to creating fake volumes in the crypto...Read More
There are plenty of metrics and models used to anticipate the future price of Bitcoin. A popular one is stock to flow ratio but one Bloomberg host has called it nonsense adding that coin supply has little effect on BTC prices.Bitcoin S2F Prediction Model ‘Nonsense’According to economics reference materials, stock to flow is defined as...Read More
In a recent interview, Henry Arslanian gave his opinion on the future of crypto markets and why he believes that more institutional investors are about to arrive. As 2019 is approaching its end, many are looking back to what the crypto industry has accomplished this year. However, a topic that is just as interesting, if...Read More
Fundamentally Ethereum has had a solid year. Granted, development has been a little delayed with certain aspects but it is the largest dApp and smart contract platform in the world so this is to be expected. Another hard fork is due in less than two weeks, but will ETH prices finally react?Ethereum Dumps AgainCrypto markets...Read More
At least six crypto Youtube channels have reported in recent hours that their content is being removed under the site’s “harmful and dangerous” policy, with one popular channel claiming Youtube pointed to a “sale of regulated goods.” Chris Dunn is one of these, whose channel has over 200k subscribers and has had multiple videos removed...Read More
Bitcoin price failed to extend gains above $7,700 and declined more than $400 against the US Dollar.The price is now trading below $7,400 and it declined close to the $7,260 support area.Earlier, there was a break below a contacting triangle with support near $7,500 on the hourly chart of the BTC/USD pair (data feed from...Read More
Ripple price is still struggling to gain momentum and declining below $0.1920 against the US dollar.Yesterday, XRP failed to rise substantially, while bitcoin and Ethereum climbed more than 5%.Recently, there was a break below a major bullish trend line with support near $0.1955 on the hourly chart of the XRP/USD pair (data source from Kraken).There...Read More
“Many men are lamenting the “man-hating” rhetoric that they have imagined stemming from SJWs. It just so happens that many of these men are also heavily involved in cryptocurrencies due to the notion that Bitcoin can restore their libertarian ideals.”– Ross Chalmers, Coin Rivet. The following article is an oped by Wendy McElroy. Also read:...Read More
Ethereum is down more than 5% and it broke the $130 support area against the US Dollar.The price is currently testing the $125 and $126 support levels, with a positive bias.Earlier, there was a break below a contracting triangle with support near $132 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin is down...Read More
Blackmailing any corporations can result in significant jail sentences. When that corporation is Apple, chances of being detained are a lot higher than one might think. One hacker from London tried to blackmail the technology for $100,000 worth of gift cards. The Fake Apple Hack That Never Happened This incident dates back to 2017, when...Read More
More and more real-world use cases for blockchain technology become apparent. Cermaq, a subsidiary of Mitsubishi in Norway, is now tokenizing salmon. It makes a lot of sense to utilize the potential of blockchain technology. Tokenizing Salmon the Blockchain While it is mainly used as part of cryptocurrencies, there are other opportunities as well. Norwegian...Read More
