In a recent interview, Andy Cheung, Head of Operations at OKEx, discussed the overall developments in the crypto-derivatives market and spoke about the resurgence of regulatory compliance within various digital asset exchanges. Over the past few months, the likes of Bakkt and CME have solidified themselves in the industry by competing with regulated institutional offerings....Read More
Ethereum’s search decline is slightly worse than Bitcoin’s. Roughly 96% of search interest originating from the United States has disappeared. A glance at ETH’s developer count reveals a silver lining for Ethereum. Nearly two years on from Ethereum’s all-time high, Google search interest for the No.1 altcoin has plunged 96%. Ethereum Popularity Nosedives Along with...Read More
Cardano founder Charles Hoskinson has announced the cancellation of an MMA charity fight featuring himself and YouTube commentator Chico Crypto. Though both opponents previously agreed to the fight in a now-deleted Twitter thread, the agreement seems to have fallen through. On the morning of Dec. 10, Hoskinson posted: “Fight’s off.” In a linked interview, Hoskinson...Read More
After five long years, the Internal Revenue Service (IRS) in the U.S. finally decided to release additional guidelines in October 2019 regarding crypto taxes. While the guidelines have brought some measure of relief by clearing up some important ambiguities, many say they’ve left more confusion behind. So what is the problem here really? Is it...Read More
Recently, Matter Labs published a blog post which expanded on recent advances in zero-knowledge proofs, and their vision for ZK Sync, a trustless scaling and privacy solution based on ZK Rollup for Ethereum. The post mentioned how ZK Sync was designed to bring a VISA-scale throughput, enabling thousands of transactions per second while keeping funds...Read More
“It has been a year of success, but something not talked about enough in cryptocurrency is what it takes to build a business,” said Philip Gradwell, the chief economist at blockchain forensics firm Chainalysis, on the latest episode of the Bitcoin Magazine Podcast. “We provide software for compliance and investigations, but underneath it all, we’re...Read More
It was my junior year of college when I had my formal introduction to Bitcoin. On that bright but brisk autumn day in 2015, my buddies and I ventured into the lone drug store in the parish-pump, truckstop town that accompanied my woodland-tucked university. Being one of the only convenience stores in town, most students...Read More
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying to surpass upper resistance, skeptics think crypto prices...Read More
Twitter and Square CEO, Jack Dorsey, has just announced that Twitter is funding a small independent team to develop an open and decentralised social media standard. The ultimate aim is for Twitter to then be a client of this new standard. Dorsey Brave New World Dorsey described the plans in a tweet thread earlier this morning, and...Read More
Africa’s first stablecoin, the Africa Stable-Coin(ABCD) is backed by Nigeria’s national currency, the Naira. Also, the fiat-backed crypto is built on Binance’s native blockchain, the Binance Chain. The crypto momentum in Africa doesn’t seem to die down. Budding startups are leveraging blockchain and decentralized ledger technology to create novel applications that will change the future...Read More
Trading volume lost its value as an effective metric to rank exchanges and, consequently, digital assets. As a result, CoinMarketCap is planning to switch over to a new barometer that will provide “real trading activity,” according to the firm’s Head of Strategy Carylyne Chan. Rankings by Liquidity CoinMarketCap faced significant backlash earlier this year after...Read More
The decision of Circle, Inc. to spin off the Poloniex business and abandon the US market has led to an exodus of deposits from the market’s wallets. BTC and ETH Left the Exchange’s Wallets After Circle Acquisition The Bitcoin (BTC) and Ethereum (ETH) wallets of the Poloniex exchange were quickly emptied as traders moved their...Read More
66% of the entire hashrate of Bitcoin’s network pertains to miners in China, per a recent report. Chinese-controlled hashrate, at the time of this writing, is at its highest point in the past two years according to a popular monitoring resource. China Controls 66% Of Bitcoin’s Hashrate According to a recent report from Reuters, China...Read More
In the last few months, media reported on several occasions that Singapore-based crypto exchange, Huobi, had processed a huge amount of PlusToken withdrawals. Crypto market data firm, Coin Metrics, has recently presented some on-chain data to back those findings. Data Confirms Huobi Has Been Used by PlusToken Scammers PlusToken was one of the greatest ponzi...Read More
Mark Cuban attacks bitcoin and says that the cryptocurrency has zero chance to become a reliable currency. Cuban made his billions by investing early in the internet. It would seem that the billionaire has the wrong idea on the security and value of the top cryptocurrency. Mark Cuban caught the attention of the cryptocurrency community...Read More
Tezos surged by another 20% this week, allowing it to rise to the $1.56 level. The cryptocurrency now faces very strong resistance at the 0.0002 BTC level. Tezos is now the 11th largest cryptocurrency with a market cap upwards of $1 billion. Key Support & Resistance Levels XTZ/USD Support: $1.23, $1.17, $1.12, $1.00. Resistance: $1.34,...Read More
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these traders from three local crypto exchanges. Also...Read More
The last few months have been eventful for Binance, the Malta-based cryptocurrency exchange. From launching several new additions to its platform to expanding into several new countries, Binance has been setting a standard for other cryptocurrency exchanges. Recently, Changpeng Zhao aka CZ, Founder and CEO of Binance, appeared in an interview to discuss the many...Read More
Litecoin has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bearish head and shoulders pattern remains in play The daily time frame continues to show a bullish reversal pattern taking shape Litecoin is coming under increasing technical selling pressure below the $45.00 level after recently been heavily rejected from...Read More
The broader cryptocurrency market appears vulnerable to further losses on Wednesday, as Bitcoin and other major cryptocurrencies slipped back into negative territory for the month. Bitcoin fell back to its lowest trading level since Dec. 4, after the BTC/USD pair broke through the $7,300 support barrier. Binance Coin was worst performer inside the top 10...Read More
Ethereum recently completed the Istanbul hard fork, at block number 9,069,000, and it followed the St. Petersburg and Constantinople hard forks. The upgrade included several protocol changes that included changes to gas costs. The change in gas costs was something the developers were apparently not prepared for, as the Etheruem contract calls ran out of...Read More
Crypto exchange giant Binance is currently looking to expand its token trading pair listings for its US platform by as many as 18 new cryptocurrencies. Tron and Tezos On Binance Radar for US Crypto Exchange In a blog post published on Tuesday (December 11, 2019), Binance.US, the American arm of Binance announced that it was...Read More
German Fintech SolarisBank has stepped into the world of cryptocurrencies with the launch of Solaris Digital Asset. The bank is currently testing Solaris Digital Assets’ first product. The white-label custody, first product, combines maximal security with instant accessibility to meet the demands of today’s digital asset industry. However, This is not the first step towards...Read More
Over the past few weeks, Bitcoin (BTC) has finally started to slow, establishing $7,000 as support and $7,800 as heavy resistance; the cryptocurrency hasn’t broken above or below those boundaries for over 10 days.Analysts say that this tightening price action is much like a spring coiling, implying that Bitcoin will soon see a large price...Read More
German FinTech banking provider, solarisBank, today announced the launch of a new custodial platform for digital assets. As with the company’s digital banking products, the platform is API-accessible, and integrates into its partner’s own websites and apps. Fully Licenced Digital Asset Solution The new platform is run as a subsidiary of solarisBank, called solaris Digital Assets GmbH....Read More
Co-founder & Partner at Morgan Creek Digital, Anthony Pompliano is a Bitcoin Proponent and has a strong faith in BTC. As per his latest tweet, Pomp claims that “Bitcoin is a pension that actually works.” Interestingly, Pomp had urged pension funds to buy bitcoin this same time last year. He had submitted to the post...Read More
Ross Ulbricht, even from prison, remains a true Bitcoin (BTC) believer. He predicts much higher valuations in the future, based on the model of the Elliott Wave. Elliott Wave Won’t Chart Clear Future Price for Bitcoin Ulbricht’s Elliott Wave theory post ties up stock market movements with observations on human psychology. Levels of interest and enthusiasm...Read More
Roger Ver, one of the earliest cryptocurrency advocates and proponent of Bitcoin Cash, has interviewed now-arrested Joby Weeks. The latter has been involved in an alleged cryptocurrency mining scam called BitClub and is now charged with conspiracy to commit wire fraud. Roger Ver Interviewing Jobadiah Weeks in June Roger Ver, one Bitcoin Cash’s most exclusive...Read More
Cryptocurrency transactions tracker, Whale Alert, recently tweeted about how the tokenized bond on the Ethereum blockchain from the Spanish banking giant, Santander, had accrued $99,000 in interest for the first quarterly period. The $20 million bond, first settled in September, was represented by a custom Ethereum token, and settled with another token representing cash held...Read More
The native token of Matic Network, after a great deal of tug of war over an inaccurate claim, had slid down by 70%. However, the twitter feud resolved and the Matic network cleared their stance over this matter. The MATIC price fared poorly amidst this feud. MATIC Price analysis: MATIC token price is making a steady...Read More
