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....Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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%....Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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....Read More
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...Read More
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...Read More
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....Read More
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....Read More
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...Read More
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...Read More
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...Read More
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...Read More
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 –...Read More
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...Read More
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,...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
