Blockchain technology has been touted as the technology of the future. Several years into this optimistic outlook, real-world adoption of distributed ledgers remains at a low. That doesn’t necessarily mean that blockchains aren’t going to be used on a broader scale, though. Blockchain Remains of Great Interest If a survey by Deloitte is to be...Read More
The non-custodial, decentralized exchange, Loopring, has listed pBTC – a token that acts as a fully-backed Bitcoin equivalent on the Ethereum blockchain. The addition of pBTC to Loopring – the fastest decentralized exchange (DEX) based on Ethereum – gives Bitcoin users a quick on-ramp to Ethereum’s decentralized finance (DeFi) ecosystem. Loopring Lists pBTC Provable Things...Read More
Grayscale Investments asserted that amid the current economic uncertainty prompted by the latest governments’ actions to print lots of money, institutional investors turn to Bitcoin and other cryptocurrencies looking for a potential hedge against inflation. BTC And Crypto To Serve As Hedge One of the world’s leading digital asset management companies recently posted on Twitter...Read More
Cryptocurrencies such as Bitcoin and Ethereum were not entirely familiar to the public until recent times. They were instead relegated to the world of online trading and similar investment opportunities. However, the growth of these digital mediums cannot be denied. This is one of the reasons why they are now being accepted by numerous online...Read More
Ethereum increased by 4% over the past 24 hours as it now trades at $233. The cryptocurrency spiked lower yesterday as it broke beneath a rising trend line, but the buyers quickly regrouped to push ETH above it before the close. Against Bitcoin, Ethereum fell into the support at 0.00243 BTC and rebounded from there....Read More
Ren, the open-source protocol enabling permissionless and private transfers of value between any blockchain, launched its mainnet and a dApp utilizing it within a few weeks. Interestingly, the protocol’s native cryptocurrency REN has gained more than 40% of value in the same period. Ren Launches RenVM Mainnet The blockchain-based company announced the release of its...Read More
Chainlink broke down from a channel after reaching $4.9 during a three-month rally. Against Bitcoin, it started to form a symmetrical triangle pattern after recording a yearly high at 56739 SAT in March. LINK regained momentum with an 8% surge overnight. LINK/USD: Chainlink Dropped Off Short-Term Channel Key Resistance Levels: $4.25, $4.5, $5 Key Support...Read More
The number of so-called whales with 1,000 bitcoin or more in their wallets has climbed to 1,882 from around 1,650 in January. It is the highest the numbers have reached in nearly three years. Whales may be defined as the Bitcoin ( BTC) community’s own version of the ‘deep state’, with the ability to swing...Read More
Arthur Hayes, the CEO of one of the leading Bitcoin derivative exchanges, BitMEX, has once again slammed a cryptocurrency for being a “shitcoin.” This time it was Bitcoin Cash (BCH) that’s under his radar. BitMEX Listing BCH/USD Perpetual Contract In an announcement from June 01st, 2020, BitMEX revealed that it’s going to launch a BCH/USD...Read More
Abstract: We look at the history of Bitcoin mining ASIC manufacturers, in particular the reported energy efficiency of the mining machines. We analyse the five main players in the market today, with a focus on Canaan and its profit warning right after its IPO. We then evaluate Ebang’s recent IPO prospectus and comment on the...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog The ETH price looks like stabilizing after two days of decline. On Tuesday, June 16th, it is generally trading at 232.60 USD. Yesterday’s low was at 218.10 USD. On D1, ETH/USD keeps correcting in an uptrend. The quotations are again testing the lower border of the ascending channel. The...Read More
A recent survey compiled by the cryptocurrency exchange BitMax indicates that the Japanese are quite fond of Ripple (XRP). Having to choose which their favorite digital asset is, most participants placed XRP close to Bitcoin and well above Ethereum. Japan Adores Ripple (XRP) The popular Japanese exchange posted the survey on Twitter to check among...Read More
Quick recap: Bitcoin was trading inside a tight range over the weekend. Once the Monday’s Wall Street futures started trading on Sunday afternoon (U.S timezone) – Bitcoin price followed along. The futures forecasted a 2-3% significant declines. At that time, Bitcoin was fighting to stay on top of the $8900 – $9000 crucial support range,...Read More
