One of the most anticipated events in 2020 is coming close. Bitcoin’s halving, that will slash the reward miners get for adding new blocks to the network, is about 4 months away. Given that it would likely decrease the demand of freshly minted bitcoins to the market, a lot of people think it would have...Read More
The Ethereum mainnet has finally undergone the Muir Glacier hard fork. The update was activated at Block number 9,200,000 on 2 January 2020. At the time of writing, major cryptocurrency exchanges like Binance, Kraken, Bittrex, and Bitso were ready to support the upgrade, while exchanges like Coinbase, Bithumb, Huobi, Poloniex, Gemini and Bitfinex had not...Read More
It’s only a day into 2020 and an economist has labelled bitcoin a ‘pyramid scheme’.| Source: Shutterstock.com Chief Economist for Lending Tree labels Bitcoin a ‘pyramid scheme’ – and he might just be right. Look closely at cryptocurrency and realize it probably isn’t the savior it’s been erroneously sold as. Cryptocurrency holders share much in...Read More
The hashrate of Monero reached an all-time high (ATH) of 1.1358G a few days ago. However, while many welcomed the development, it also lent fuel to a few debates within the Monero community. While many were unsure as to what caused the hash rate of Monero to spike, others voiced skepticism of some who claimed that...Read More
OKEx Exchange native token $OKB has been listed on the leading cryptocurrency payment technology payment provider, Alchemy Global Payment Solutions. Alchemy payment solutions provide hybrid fiat and crypto payment systems. The payment solution provider now makes OKB available for offline payments. OKEx team got onto Twitter to announce this latest development of the token. The...Read More
Despite Bitcoin’s inability over the last couple of months to cross the crucial $8000 mark, the coin was found to have recorded gains of over 85% since the start of 2019. However, not everyone seemed to be in agreement as Tendayi Kapfidze, Chief Economist at Lending Tree, made waves in the crypto-community after he stated...Read More
Ethereum network has successfully completed its latest hard fork, although no official announcement is made. Muir Glacier activated on 2nd Jan 2020 at Block number 9,200,000. This hard fork brings in EIP 2384 improvement proposal. The upgrade will delay the difficulty bomb (known as “ice age”) that was increasing the average mining block time. Further,...Read More
The Ethereum Muir Glacier hard fork was successfully completed, once again delaying the mining “difficulty bomb” that threatens to freeze the network. Defusing the Bomb? Muir Glacier (EIP-2387) was initially proposed because of an underestimation in the onset of the difficulty bomb. As said by Tim Beiko, a product manager working at Ethereum: We thought...Read More
Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but...Read More
After ending 2019 with bad news of being banned on Google Play, Ethereum crypto wallet and dApp platform, MetaMask, managed to make a comeback on January 1st, 2020. Google Reverses Decision The Ethereum ecosystem saw a small setback in the last week of 2019 after Google decided to ban the Android client of MetaMask from...Read More
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network...Read More
The world’s second-largest digital asset faced a major crisis on New Year’s Eve. As previously reported, some of the Parity Ethereum nodes failed to attain synchronization, with representatives of Parity fearing that a hack or attack might be underway. The Parity issue raised a lot of concerns within the community, with Liam Aharon, Software Developer...Read More
The Bitcoin bulls didn’t expect that this is how the new decade would start, but this is Bitcoin, always doing the unexpected. This might also be true regarding the current halving year. The Bitcoin halving event is anticipated to take place somewhere in the middle of May. The majority of the crypto community are eager...Read More
Another Ethereum hard fork is imminent but not all clients are ready for it. New Year lethargy has left many still unprepared for Muir Glacier which may affect Ethereum’s performance. Ethereum Forks Again At the time of writing the Muir Glacier upgrade is less than two hours away according to the countdown to block 9200000....Read More
Binance, the Malta-based cryptocurrency exchange, is gaining a major fan following in the Thailand region. The exchange founder Changpeng Zhao took to Twitter to announce the news. The tweet says that Binance is ranked 7th on Google Thailand Top Ten Searched 2019. Among general topics like tasting, shopping, use; election results 2019, etc, the search...Read More
New Year’s Eve attack nearly wreaks havoc. Ethereum experienced an attack this week that threatened to cause significant downtime. Beginning on Dec. 30, an attacker sent invalid blocks to the network, causing node operators using the Parity client to lose sync with the network. Sergio Demian Lerner, a cryptocurrency security consultant, explained on Twitter: The...Read More
Notice how it’s already 2020 and Libra isn’t here yet. The turn of the calendar might not be a turn for the better for Facebook. What marked the year and got regulators riled up was Facebook; however, this time, it wasn’t the social media giant’s past transgressions or its consequences. Instead, it was in anticipation...Read More
The South Korea Ministry of Economy and Finance confirmed that the Profits from individual virtual asset transactions are not a listed income. Furthermore, they are not taxable under the current tax law. South Korean Government is keen to study the crypto regulation approaches of major countries of crypto taxation. An official of the ministry said...Read More
Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar.The price is currently declining and it remains at a risk of more downsides below $7,000.There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).Ethereum is also struggling below...Read More
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend the existing Korean tax law to include cryptocurrency. Also read: Regulatory Roundup...Read More
Bitcoin Cash is expected to see some crucial developments in the near future. The upgrades are considered to be the largest privacy improvement on the BCH Network. One of them is the CashFusion protocol. As per a Reddit announcement, this protocol will add an extra layer of privacy on top of the user’s BCH-based network...Read More
Cryptocurrency-related trends on Twitter are not an official market indicator. However, it would appear that #bitcoin has been trending in South Africa over the past 48 hours. It is always interesting to see bitcoin trend on social media. South Africa Goes Crazy Over Bitcoin When this happens on Twitter, it is often to find the...Read More
Very interesting developments will be made in the scientific industry. Chinese scientists successfully bred pig-monkey chimera offspring, albeit the success was short-lived. This species is often referred to as the pig-monkey chimera. Pig-monkey Chimera Experimentation Continues While previous experiments have been conducted, the animals usually die within a few days. In this particular case, the...Read More
2019 was a crazy year for cryptocurrency enthusiasts and a number of interesting events happened throughout the last 12 months. It’s hard to keep track of the day-to-day activities taking place within the cryptosphere and there may be a few incidents some of our readers missed. At news.Bitcoin.com we took the opportunity to scan our...Read More
