The cryptocurrency market is often discredited for its shorter period of existence. When compared to traditional markets, Bitcoin’s market has had only 10 years of active trading, which is why people tend to constantly overlook its sustainability in the longer run. This popular opinion was recently called into question after Sean Nance, a Bitcoin trader,...Read More
Looking at the overall transaction value of different cryptocurrencies, interesting trends become apparent. It would appear that XRP has successfully overtaken ethereum in this department, at least temporarily. The overall adjusted value of transactions on both networks is relatively high. XRP Beats Ethereum, for a Change Virtually every day, ethereum beats XRP hands down in...Read More
2019 has been crucial to the emergence of the crypto-derivatives market. Many industry experts believe that this sector would soon replicate “positive figures exhibited by the traditional market” as crypto-derivatives become more and more popular with institutional traders and investors continue to jump into the bandwagon. For a long time, the derivatives space was dominated...Read More
Tensions between the United States and Iran have been cited for bitcoin’s rapid advance Friday, but a closer look at the evidence reveals another factor in play. | Image: shutterstock.com The bitcoin price surged $538 (+7.8%) on Coinbase overnight and into the morning, pulling back at noon Friday morning. Commentators were quick to link the...Read More
Yesterday I recapped the last decade in crypto. Today, let’s look ahead to the future and what I think will happen in the 2020s. Of course, no one can predict the future with much accuracy, but one way to predict it more accurately is to invent it! In short, I think over the next decade...Read More
On January 3, 2009, the pseudonymous developer(s) Satoshi Nakamoto bootstrapped the Bitcoin network by mining its first ever block, block 0. The Genesis Block, as it has become known, came etched with a message that would invariably position Bitcoin as an alternative monetary system to rival the realm of central banking: “Chancellor on brink of...Read More
The recent U.S. airstrike in Iran pushed the price of Bitcoin up 4%, along with gold and oil. Further possible conflict in the region could drive BTC’s price even higher, affirming its role as a safe-haven asset. The U.S. Department of Defense issued a press release announcing an airstrike late Thursday that killed Qasem Soleimani,...Read More
Bitcoin began its year on a negative note. Its price fell below $7,200 on the second day of the year. The much-awaited Santa Claus rally didn’t materialize for the world’s largest cryptocurrency as the optimism fueled by the holiday spirit did not really catch up with the coin’s price. However, soon, the price did rebound....Read More
After hovering below its previous support at $7,000 for several hours yesterday, Bitcoin’s bulls were able to generate significant momentum that has allowed BTC to reclaim its position within the $7,000 region, and it appears that this upwards momentum is growing.This move coincided closely with news regarding a US airstrike on a top Iranian military...Read More
Ripple/USD Technical Analysis XRP has a bearish short and medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern may be forming The daily time frame shows that a bearish wedge breakout remains in play XRP is attempting to recover towards the $.20 level, after the third-largest cryptocurrency by...Read More
Last year’s inaugural Proof of Keys day didn’t see massive amounts of bitcoin withdrawn judging by onchain data – but it did serve to educate a community. Trace Mayer’s call to arms also put exchanges on notice, with some disabling withdrawals, citing unscheduled maintenance. Here’s what the crypto community has to say about today’s event,...Read More
Etheruem, one of the largest smart contract platforms, will be seeing a transition to Ethereum 2.0 phase 0 in Q1 of 2020. The shift from a Proof-of-Work network to Proof-of-Stake has undoubtedly been one of the most awaited upgrades in the community as it aims to solve one of the main pain points – scalability....Read More
Bitcoin‘s price spiked on 3 January by 7.08%, with its price jumping from $6,853.53 to $7,339.08. The rising price of the digital asset strangely coincided with reports of an airstrike at Baghdad’s airport, one that killed the Head of the Iranian Revolutionary Guards’ elite Quds Force, General Qasem Soleimani. The President of the United States,...Read More
It’s safe to say that the beginning of 2020 is everything one might have expected it to be on the cryptocurrency market: volatile. Just a few days after the New Year’s bell rang, Bitcoin went on a rollercoaster, dropping down to a low of $6,850, only to recover hours later, gaining upwards of $500 in...Read More
Several cryptocurrency projects have locked up part of their supply a while ago. TRON is no exception, as its lockup occurred in December of 2017. It now appears that this funds is back under control of the TRON Foundation. Plenty of TRON to go Around That in itself is not necessarily something to be concerned...Read More
Bitcoin and Ethereum recorded a lucrative first half in 2019, with many in the crypto-community attributing the performance of the market to the performance of these cryptos. The second half of 2019 was far less exciting for the market, however, as both cryptos registered massive losses. In fact, Ethereum ended the year with a 2.09...Read More
India has been one of the most notable emerging economies in the world in the last few decades. It currently stands at seventh place with a nominal GDP of $2.72 trillion and it is expected to overtake the United Kingdom in years to come. India’s PM Narendra Modi envisioned a dream of making India a...Read More
Bitcoin is in an almost constant state of price discovery, but past data is starting to reveal certain patterns. In 2019, the period between March to July saw a significant upward fluctuation. Bitcoin Price Moves May Show Cyclical Rise and Fall This past record does not guarantee future results, but suggests a bullish move is...Read More
Commercial banks should work out their own transfer systems as an alternative to Facebook’s Libra, urged Jens Weidmann, President of Bundesbank and member of the Governing Council of the European Central Bank (ECB). Euro Area Banks Should Not Rely on Facebook’s Libra Banks in the Euro area should explore tools for faster, cheaper transfers, but...Read More
Bitcoin‘s pump on 3 January came as a surprise; the pump contributed to BTC shooting from $6,853 to $7,369 in a span of 8 hours. During times like these, there are bound to be many liquidations, many worth hundred-millions. At press time, the price was staring at the resistance that it failed to breach during...Read More
11 years ago today, Satoshi Nakamoto launched the Bitcoin network at approximately 18:15:05 UTC and the world hasn’t been the same since. The Bitcoin blockchain came to life on January 3, 2009, and so far, more than 600,000 blocks have been mined into existence. Nakamoto’s genesis block is special and the hardcoded block has a...Read More
Bitcoin’s price went on a rollercoaster over the past week but still remains trapped beneath the December resistance at $7,686. The cryptocurrency fell below $7,000 to find support at $6,885. However, after reaching this level, Bitcoin bounced higher as it now trades around $7,319. If the bulls continue to drive Bitcoin higher and push it...Read More
If you are looking to borrow or lend BTC, here are some of the best Bitcoin lending sites and P2P platforms that you can use for this particular financial service. What Is Bitcoin Lending? Bitcoin lending is similar to your regular bank loan, the difference being that you do not need to involve banks and...Read More
The sudden escalation in US-Iranian hostilities sent a shockwave through global markets. | Source: AP Photo / Vahid Salemi Trump sent a shockwave through financial markets when he ordered an airstrike that killed Qassem Soleimani. Stocks, gold, and oil all fluctuated wildly as US-Iranian hostilities flared. Here’s how the prices of major assets responded. When...Read More
2019 in the cryptocurrency space was pretty much all about Bakkt, Bitcoin‘s price, Facebook’s Libra, and China‘s state-backed digital currency. While China has been up-and-running in terms of planning out its digital currency, one of the main concerns brought up against the digital currency is that it will be used as a tool to surveil...Read More
Investors are celebrating Monero’s privacy features after a Europol analyst confirmed that transactions avoid detection. | Credit: AlekseyIvanov/Shutterstock.com Whether people admit it or not, the privacy feature is one of the biggest draws to cryptocurrencies. If there was ever any doubt, those have been erased by Monero’s (XMR) rally in recent days. In the early days...Read More
In another example of the growing appeal of virtual banking in Hong Kong, six licensed virtual banks in the city have joined the Hong Kong Institute of Bankers (HKIB). Virtual Banks Join HKIB In a press statement issued by HKIB on Thursday (January 2, 2020), Hong Kong’s banking training and certification institute announced the addition...Read More
Litecoin, the Vegeta to Bitcoin‘s Goku, has been rolling out updates for its Mimblewimble project since the Foundation’s plan to implement the protocol was announced last year. The new protocol would be making its debut on the silver coin via extension blocks, and while the idea has been applauded by several people, it did also...Read More
The slightly negative attention from institutions towards Facebook’s Libra continues with the German Central Bank’s President Jens Weidmann, saying that they have to slow it down with further regulations. He also notes that banks must improve their payment systems and the E.U. should be more considerate regarding launching e-euro. Weidmann On Digital Euro Ever since...Read More
Venezuelan President Nicolas Maduro heralds the arrival of the Petro cryptocurrency, which can now be used to buy the nation’s vast oil reserves. | Image: REUTERS/Carlos Garcia Rawlins/File Photo 2020 could be the year Venezuelan oil will be finally exchanged for the Petro crypto. The national cryptocurrency is yet to find a use outside its...Read More
