The most talked-about news in the cryptocurrency community in the last few days came from the largest video giant, Youtube. Without prior notice, the giant started banning and removing crypto-related videos due to “harmful” content. Still, according to YouTube, it’s not a crypto ban, rather a ‘mistake’, and everything should be restored. Youtube’s Reasoning Behind...Read More
Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the...Read More
Japan has always been a crucial region for bitcoin and other crypto assets. That situation will only grow more interesting following Rakuten’s new initiative. The retail giant has embraced bitcoin quite some time ago. A Big Gamble by Rakuten It is an accepted payment method on the online store, but the company looks well beyond...Read More
Bitcoin (BTC) has been able to incur some tempered bullishness today after a multi-day period of hovering around its support at $7,200. Today’s slight gains have come about in the face of a strong down trend, however, which could mean that these gains will ultimately prove to be fleeting and followed by further downside.One factor...Read More
With China‘s advancement in the digital currency space and state-backed stablecoin, other countries are not particularly laying low in this matter. Russia is another country that has been prominent in the ‘state-backed’ digital currency space, with the sovereign state considering issuing a digital currency backed by gold. Elvira Nabiullina, Governor of Russia’s Central Bank, once...Read More
The economist Albert Alchain once said “economics does not care whether people are rational, but whether people can survive.” This statement certainly hits home. After ten years of rapid growth in the digital currency market, the impression most people have is that it’s all just hype, a bubble, or too risky. While everyone has their...Read More
Ethereum’s price action has been fully exposed to Bitcoin’s recent bearishness over the past several days and weeks, struggling to garner any independent upwards momentum. This price action has led ETH to remain stuck beneath $130, which appears to have become a resistance level for the cryptocurrency.In spite of its overt bearishness, one analyst is...Read More
Contrary to popular belief, the concept of a bitcoin faucet still exists. Creating a new spin on this tried and tested business model is not all that easy. Running a bitcoin faucet is anything but straightforward in this industry. A new Take on the Traditional Bitcoin Faucet For many, they either suffer from low payouts...Read More
2019 for the Ethereum Classic was evidently eventful, with the Atlantis hard fork and the testnets for Agharta hard fork rolling out. While the ETC community is ending the year on a good note, the beginning of 2019 was quite contrary to the current scenario. In the second week of January 2019, the Ethereum Classic...Read More
Earlier this year, in late-September, prominent Bitcoin analyst FilbFilb posted this chart below, showing that he expects for BTC to jump by dozens of percent to near $10,000, then collapse to the low-$6,000s to interact with the “miners bottom range.”While some laughed this off as pure bearish sentiment at the time, FilbFilb’s prediction was proven...Read More
As NewsBTC has covered over the past few weeks, a debate has erupted around Bitcoin’s impending block reward reduction. Informally known as the “halving” or the “halvening,” every four years the number of BTC issued per block (every 10 minutes or so) gets cut in half, resulting in a negative supply shock on the market.Analysts...Read More
2019 created many regulatory hurdles for crypto-businesses, mainly exchanges. Binance had to temporarily shut shops in the United States to comply with the regulatory norms, and soon launched its Binane U.S. platform to serve the customers in the country. However, Binance became a trendsetter, as many exchanges followed its lead and launched its own exchange...Read More
In less than six months’ time, Bitcoin will see an extremely important event. Known as a “halving” or “halvening” — depending on who you ask — the number of BTC issued per block (every 10 minutes or so) will get cut in half from 12.5 to 6.25, effectively meaning that BTC’s inflation rate will be...Read More
Be it South African Reserve Bank’s [SARB] calls for solutions providers for the creation of a digital currency that would allow consumers to transact without a bank account or Bitcoin’s interest spiking in the African nations, as cited by the Google Trends data, Africa’s crypto market is thriving. Talking about the latest OKEx Africa Cryptotour,...Read More
Following the consensus reached at the G20 leaders’ summit on the importance of discussing better governance for the decentralized financial ecosystem, Japan’s top financial regulator is hosting a global blockchain conference to discuss the subject. The regulator is welcoming stakeholders from around the world to participate, including other regulators, open-source software developers, university researchers, and...Read More
Bitcoin may be trading at prices that seem low in comparison to the crypto asset’s all-time high price or $20,000, or even its recent local high of nearly $14,000 but in reality, it’s the best performing investment of the last decade.Let’s see how the number one cryptocurrency by market cap, and even the number two...Read More
DeFi has been all about decentralizing the financial space and has grown multi-folds in 2019. However, the claims of the protocol being open, permissionless, and censorship-resistant have been put to test lately, and according to Mesari’s recent report, “it’s a bit early to trust those sweeping, aspirational claims.” MakerDAO has been leading the growth in...Read More
Most of the commodities, stocks, and bonds staged an outstanding run in 2019. But the traditional asset classes still fell short before a stronger and a more offbeat contender: Bitcoin.The benchmark cryptocurrency, which more or less functions as a “decentralized” payment startup, underwent a dreamy bull run during 2019’s first and the second fiscal quarter....Read More
Every market has it’s defining entities. In the cryptocurrency market, none are more sought after than Binance. Founded in 2017, the exchange traversed the world before settling in the Mediterranean island of Malta, and while 2018 was a year to forget for the market and the exchange, 2019 was a year to BUIDL. Binance structured...Read More
After having a gloomy Christmas, the only relief for traders today is that Bitcoin is still holding support at the $7200 region. After touching $7,700 a few days ago, BTC is currently trading above $7,200. A decline below $7,000 will, in no doubt, be stressful for traders who are already disappointed with the Christmas market...Read More
XRP continues to trade sideways between $0.1815 and $0.20 Against BTC, it is starting to show signs of stabilization at 2600 SAT. The cryptocurrency is showing signs that it could surge if we see a bullish crossover on the Stochastic RSI indicator, against BTC. Key Support & Resistance Levels XRP/USD Support: $0.181, $0.17, $0.167. Resistance:...Read More
Cryptocurrencies continue to rise in popularity since their inception a decade ago. Their rise has been tremendous until they have started to affect the economic activities of certain countries. It should not come as a surprise to find people discussing or chatting about crypto-related topics or news whenever you make a visit to any new...Read More
2019 saw a number of large crypto exchange hacks, resulting in millions of dollars stolen per attack. Here are 5 of the biggest breaches in the last 12 months. While cryptocurrencies are well-known for increased security — mostly thanks to the decentralized nature of their underlying technology — the same cannot be said for crypto...Read More
Google’s YouTube has frequently attacked content creators and crypto channels are now feeling the brunt. | Source: Shutterstock YouTube’s cryptocurrency onslaught worsened over Christmas. Creators face permanent expulsion from the platform as they accumulate community guidelines strikes. Some have claimed responsibility for the attack, but the truth remains obscured. YouTube’s onslaught against cryptocurrency content creators...Read More
This year will be one to forget for the majority of cryptocurrencies which are ending it lower than they began. 2020 could be fundamentally different though and here’s why. A Brighter Future For Cryptocurrencies Total crypto market capitalization is currently 50% higher than it was this time last year, however that is largely bitcoin’s doing....Read More
According to recent reports, the Bank of Russia has started using a regulatory sandbox to test the performance of stablecoins. Russia Warming to Stablecoins Russia’s stance towards cryptocurrencies has always been questionable, with the country’s intentions and goals never being fully known to anyone. However, according to recent reports, it may be that Russia sees...Read More
Bitcoin (BTC) has been rising relentlessly in the first decade since its Genesis block. But now, the price may be entering a stage where new price moves are uncertain. Bitcoin Average Price Move in Bullish Direction Looking at average prices paints a bullish picture over the years-long frame. Bitcoin prices have moved through several waves,...Read More
Decentralized Finance or DeFi has evolved into one of the most active sections of the blockchain industry and Ethereum projects have been at the forefront in establishing an ecosystem with global network effects and interoperability. While offering bank-like features with lending and borrowing, payment, derivatives, and others, DeFi applications are built on Ethereum blockchain and...Read More
Ethereum has had a pretty miserable 2019. Things could get worse before the year is out though as the asset gets dumped on exchanges and community angst grows. Ethereum Has Had a Rough Year The world’s second largest crypto asset by market cap is currently trading lower than it was this time last year. According...Read More
Recent widespread video removals have crypto Youtubers searching for greener and more dependable pastures for content production. While reports have since emerged of Youtube claiming the incident was an accident, and that videos are now being restored, the “Christmas Crypto purge” of 2019 has nonetheless burnt an indelible memory into the minds of dedicated Youtubers....Read More
