Bitcoin has successfully completed a decade of inception, and has entered a new one with one of the most important events lined up – the halving. While the entire community is already looking forward for this event, there are some who have already started paying heed to the next big change that would unfold in...Read More
The advent of Bitcoin led to the inception of several other cryptocurrencies in the market, with each coin promising to solve a different ‘problem’, and presenting its own monetary model. There are some crypto-projects that decided to have a hard cap on its supply, and there are also other coins that decided not to have...Read More
The popularity of crypto-mining in Iran due to low electricity costs has been evident. In the latest news, Iran’s Ministry of Industries, Mining and Trade recently issued 1000+ licenses for cryptocurrency mining units, according to a report. A limited number of authorized mining farms were active across the country. Amir Hossein Saeedi Naeini, an official...Read More
Central banks have been contemplating the idea of creating their own cryptocurrencies for a while now. China has been one of the first countries to express its intentions in this regard. The country’s CCIEE chair even stated that they will be the first to launch its central bank digital currency (CBDC). A former deputy governor...Read More
Jack Dorsey’s Square Crypto is working to solve bitcoin’s scalability problem. A multi-trillion-dollar market cap could be at stake. | Image: REUTERS / Charles Platiau / File Photo Jack Dorsey is working on a kit that can help integrate Lightning Network to bitcoin wallets. Dorsey’s Square won a patent for a crypto-to-fiat payment system. Bitcoin...Read More
Bitcoin and stablecoins have always been locked in a chicken-and-egg situation. Did the decentralised currency based on principles of mathematics and logic precede the digital representations of stable assets? This age-old question was addressed by Nic Carter, co-founder of CoinMetrics. He stated that while the principle of stable digital currencies preceded Bitcoin, the current crop...Read More
XRP decreased by 7% this week, which brought the coin back beneath the 100-days EMA. Against BTC, XRP dropped into the support at the 2600 SAT level. XRP has found strong support at the .5 Fibonacci Retracement level. Key Support & Resistance Levels XRP/USD Support: $0.218, $0.209, $0.1850 Resistance: $0.2283, $0.234, $0.25. XRP/BTC: Support: 2600...Read More
The CEO of one of America’s biggest banks hasn’t had anything nice to say about Bitcoin in the past. Back in 2017, JP Morgan Chase chief Jamie Dimon called Bitcoin a straight-up “fraud,” and a bubble that “won’t end well.” But now, during a CNBC interview at the World Economic Forum in Davos, Dimon says...Read More
Let’s say you’re given a wish. You can wish for anything *provided it fits into your pocket* What parameters would you employ to make your decision? If I were to chance a guess, you’d want it to be-liquid. convertible. stable. legal [maybe not], and universal. What assets would you want? A few hundred dollar bills?...Read More
New information indicates that Bitcoin Gold experienced a 51% attack last week. A total amount of over $70,000 was double-spent, which raises questions regarding its security since this is the second similar attack on the network. 51% Attack On Bitcoin Gold A 51% attack occurs when a single organization or entity takes control of the...Read More
DeFi continues to be a contentious topic in the blockchain industry. In recent months, the total USD locked in DeFi hit an ATH and is likely to see a significant increase. However with regard to DeFi adoption, many are still a bit more skeptical. Aleks Larsen, Investment Associate at Blockchain Capital in a recent conversation...Read More
An interesting graphic compiled by Deutsche Bank compares the early-stage evolution of the Internet and blockchain technology. It shows that the two have relatively similar difficult beginnings, but ultimately the former receives more mass adoption than the latter. Internet Vs. Blockchain Adoption Rates Nowadays, it’s hard to imagine living a normal life without constant access...Read More
After touching the significant 200-days moving average line at $9,060, Bitcoin quickly got rejected down to $8400. From there, the cryptocurrency had a three-day consolidation around $8600; however, after breaking it down, the bearish momentum had recorded $8200 as the weekly low. Coincidence? When looking at the following 4-hour chart, we can see that the...Read More
As the Wuhan coronavirus continues to spread, more than 2,000 people have been infected so far and the death toll has risen to 56. However, the World Health Organization recently said that it was a bit too early to declare the outbreak “a public health emergency of international concern”. Spreading across China, reports came said...Read More
