January 8, 2020

Ethereum may have diffused the bomb, but users still skeptical

The prices of most major cryptocurrencies have responded positively to the new year. With the price of Bitcoin [BTC] rising, other altcoins are following its lead and noting a spike in price too. Ethereum [ETH], the second-largest crypto in the world, completed its crucial Muir Glacier update recently, having noted an almost 12% growth since....
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China’s DCEP, Libra and Bitcoin would serve completely opposite purposes

One of the major talking points of 2019 was China’s involvement with blockchain and the launch of its DCEP. With the People’s Bank of China announcing that a digital yuan would soon be released in the market, and Bitcoin and other digital assets still banned in the country, China has accelerated its interest in developing...
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Ethereum’s growth gist in 2019 has been DeFi: Binance Research

The research team at Malta-based crypto-exchange Binance recently published its third report on decentralized finance applications. The report analyzed network data provided by DAppReview, as well as recent developments in the DeFi space, focusing mostly on Ethereum. The report claimed that Ethereum’s spectrum of applications is more extensive than other blockchains, adding that its primary...
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Bitcoin’s current spike unrelated to escalating tensions between USA, Iran

Over the past week, a major event has heightened the tensions between the United States and Iran. However, this event’s impact was felt not just on the political scene, but in the financial sector as well. Hours after the United States launched a military strike that killed a major Iranian military commander, oil and gold...
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A New Bitcoin Bull Market Is Nearing, Says Legendary Trader

Legendary trader Peter Brandt recently presented two scenarios for bitcoin: One bullish and one bearish. The bullish scenario seems to be playing out. | Image: shutterstock.com Peter Brandt laid out two scenarios for bitcoin last month. The recent price action of bitcoin suggests that Brandt’s immediate bull scenario is playing out. Brandt teases his followers...
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Bitcoin off to slow start in 2020 as privacy coins impress

Over the past 3 days, Bitcoin has witnessed a surge of 12.3 percent, a development that took its price valuation above the $8000 mark. However, the first week of January was found to be more bullish for altcoins, than the king coin. According to Coinmetrics, major altcoins like Ethereum, XRP, and Litecoin registered negligible growth...
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Tezos Breaks Out of Corrective Phase, Aiming for Higher Highs

In the last few hours, Tezos broke out of a bearish trend it endured since mid-December 2019. Now, technical indicators show XTZ aiming for higher highs. Tezos Technical Analysis  On Dec. 13, Tezos peaked at a high of $1.86. Since then, this cryptocurrency entered a corrective phase that saw its price decline by nearly 35%....
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Cryptocurrency adoption is key to financial inclusion: CoinDCX CEO

In a recent article for Nasdaq, Sumit Gupta, CEO of CoinDCX, one of India’s largest cryptocurrency exchanges, wrote about how cryptocurrencies could hold the keys to financial inclusion. In the article, Gupta cited the World Bank’s most recent Global Findex report which stated that as many as 1.7 billion people worldwide do not have access to formal...
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Ripple Plunges 5% Against Rising Bitcoin But Maintains The $0.21 Level: XRP Price Analysis & Overview

XRP remains above the $0.21 level after seeing a 10% price surge over the past week. Against BTC, XRP has plummetted to create a fresh low beneath the December low-day-closing price. If the bulls can continue to defend the $0.21 level, there is a chance that we will head toward $0.25. Key Support & Resistance...
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Bitcoin Proving Anti-Fragility in 2020

Bitcoin’s price appreciation in the face of strained sovereign relations supports a risk-off asset thesis rather than a safe haven. Bitcoin on the Move amidst International Tensions The recent rally in Bitcoin’s price has largely been attributed to the rising tension between the United States and Iran. The latest jump aligns with President Donald Trump...
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Ethereum Classic’s Agharta update coming up, but clients still unprepared

Ethereum Classic’s next network upgrade, Agharta, is around the corner and the foundation has asked its node operators to update their nodes before 12 January, scheduled for the deployment of the updated protocol. The announcement was made on 8 January and warned users about the nature of the upgrade, stating, “Node operators must update their nodes...
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Former Bakkt CEO Kelly Loeffler Appointed At CFTC Committee

Kelly Loeffler, the former CEO of Bakkt, has recently taken a seat in the U.S. Senate for the state of Georgia. Reports have it, though, that she is also assigned to serve on the Senate Agriculture Committee with the CFTC. Given that her husband is the CEO of the Intercontinental Exchange (ICE), this could raise...
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Tensions In Iran Acting As a Catalyst to a New Bitcoin All-Time High

Fresh tensions between the United States and Iran has contributed to bitcoin’s sharp acceleration over the past week. The same forces could send BTC to new all-time highs. | Image: shutterstock.com Bitcoin is possibly becoming a safe haven asset. The top cryptocurrency is rising in tandem with gold as tensions in the Middle East grow....
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Global CBDC will pose a ‘Power of many, Use of one’ problem

Central banks banding together to issue a single digital currency will face a coordination problem. Technological advancements, in both the public and private sector, have called for the creation of a single global currency, not Bitcoin, but one controlled by central banks. The concept of a central sovereign digital currency has been voiced on many...
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BlockFi Announces USDC and Litecoin Support

The crypto-financial services platform BlockFi today announced support for Litecoin and the stablecoin USDC. Users can now earn compounding interest when holding either cryptocurrency. Blockfi Onboards More Top Cryptocurrencies BlockFi users will also be able to trade both Litecoin and USDC across the trading platform.  According to a press release shared with Crypto Briefing, the...
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Bitcoin derivatives a product of the market, not the price

Despite the fact that Bitcoin is in its second decade of existence, it is still seen more as an investment, rather than as a means of financial freedom. The claims of the cryptocurrency being a store of value or a medium of exchange still exist in theory, but in practice, Bitcoin remains a tradable asset....
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Binance Charity Project Donates $1 Million to Aid Australian Bushfire Cause

Binance has announced the launch of a fundraiser to help remedy the damage caused by the Australian bushfires.  Binance to the Rescue The project is led by the Binance Charity Foundation, the philanthropic subsidiary of the exchange giant. Binance is donating $1 million worth of its BNB tokens as an initial boost to the project....
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HEX Owner Cashes Out $7 Million Ethereum Pile for Profit Rally

That’s a tidy $1.5 million added in just a month to a $5 million ethereum pot. | Source: Shutterstock.com Bulk of the remaining Ethereum used to buy HEX has been emptied from original address. Creator Richard Heart refuses to acknowledge any involvement with the ETH in question. Surprisingly, the ETH now sits in 36 different...
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The SEC to Keep Closer Eye on Crypto Industry in 2020

The U.S. Securities and Exchange Commission (SEC) will prioritize the examination of the cryptocurrency industry throughout 2020.  The SEC to Oversee the Cryptocurrency Market in 2020 On Jan. 7, the SEC’s Office of Compliance Inspections and Examinations (OCIE) unveiled a new list of examination priorities for 2020. It emphasized digital assets as an area of...
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Stellar’s inflation process dispersed only $41K XLMs for project development

The rate of issuance and a consistent supply of coins or tokens is imperative to the maintenance of any digital asset’s economic value. As every blockchain has its own process of issuing new coins, concerns about inflation arise when new supply is issued and it decreases the value of the rest of the supply, unless...
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Bitcoin Safe Heaven: Correlating With Gold and Oil Following Recent Iran-US Clash

News keeps coming from the Middle East, as the US recently announced that the general of the Iranian Revolutionary Guard’s Quds Force, Qasem Soleimani, has been killed in an airstrike. In retaliation, Iran launched missiles at two US military bases in Iraq. Amid all this, the prices of oil, gold, and Bitcoin, surged. Is there...
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Litecoin receives another boost as Binance announces LTC/USDT perpetual contracts

Binance has been on an announcement spree for the last few days. It recently announced the launch of XRP/USDT Futures Contracts, along with its extension of perpetual swaps for five major cryptocurrencies – Bitcoin, Ethereum, Bitcoin Cash, XRP, and EOS. On 8 January, Binance added another major crypto to its list of perpetual contracts –...
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Bitcoin Mining Power Has Hit Record Highs

Bitcoin (BTC) is seeing more computational power invested in coin generation than ever before. As of Jan. 6, Bitcoin’s mining network has reached a hashrate of 120 exahashes per day. This number has been growing steadily over the past decade, but it has grown significantly in recent months. In the last year alone, the network...
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Stellar Lumen’s Inflation Scheme Shows Failures in Token Model

In a January 7, 2020, report from Coinmetrics, analyst Antoine Le Calvez revealed several supply and distribution failures within the Stellar Lumens network. Specifically, who really profited from the monetary inflation process? Failed Tokenomy, but not Scandalous Stellar Lumens was first launched in July 2014 following the second wave of major cryptocurrency projects including Monero,...
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As Australia Burns, Binance Donates $1 Million Worth Of BNB

Australia is in severe pain as massive bushfires spread across the country with a staggering 10 million hectares of land consumed by the ferocious flames, leaving at least 2500 buildings destroyed and 25 people and 500 million animals dead. Binance To Help With Australia’s Distress Many institutions and people from around the world, including foreign...
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Bitcoin Spikes To $8,400 As US-Iran Clash Intensifies, Altcoins Crashing: Daily Market Watch

Bitcoin’s price went on a rampage. Just five days ago, it was trading at around $6,850, and today, it went over $8,400 to settle at where it currently trades at around $8,270. With an increase of around 5% for the past 24 hours, Bitcoin seems to mark a good start to yet another year.  As...
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KuCoin’s PoS mining platform Pool-X launches Beta version with staking service

Pool-X, the next generation POS mining platform supporting lockup crypto transactions backed by KuCoin, today announced the launch of its Beta version and the opening of the Staking function. The first four staking products include KCS-30, TRX-30, XTZ-30, and ATOM-Flexible. In addition to receiving Staking rewards, participating users can also get a share of 250,000...
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Bitcoin (BTC) Price Prediction and Analysis in January 2020

Today, we will be taking an in-deep look at the historical prices and market opinions of BTC, so that we can project a Bitcoin price prediction for January 2020. Bitcoin Overview Bitcoin is the world’s first crypto, created in 2009 by the anonymous Satoshi Nakamoto. Bitcoin (BTC) is currently the number one coin in the...
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Binance adds Thai Baht, Australian Dollar support following latest collaborations

One of the world’s premier crypto-exchanges, Binance has announced its collaboration with Satang Corporation, one of the oldest digital asset exchanges in Thailand, to open Thai Baht (THB) fiat channels on the Malta-based exchange. “We are proud to collaborate with Binance in bringing digital assets to the masses in Thailand and moving Thailand’s Digital Economy...
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From Lending to Synthetic Assets: How DeFi Can Change in 2020

DeFi made its claim to fame with lending protocols that offer attractive yields. As these rates normalize, new age financial products could propel the space to greater heights.  Stablecoins and Yield in a Volatile Year In the first six months of 2019, Bitcoin spiked from a biennial low of $3,200 to a range high of...
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Bitcoin (BTC) $ 67,878.19 0.83%
Ethereum (ETH) $ 2,427.21 0.96%
Tether (USDT) $ 0.999816 0.02%
BNB (BNB) $ 555.30 0.02%
Solana (SOL) $ 161.62 0.20%
USDC (USDC) $ 1.00 0.07%
XRP (XRP) $ 0.509763 1.93%
Lido Staked Ether (STETH) $ 2,426.94 0.97%
Dogecoin (DOGE) $ 0.158567 7.71%
TRON (TRX) $ 0.163879 0.26%