The ongoing lawsuit against Ripple are not over just yet. If it is left up to the company, however, it will be dismissed rather shortly. Several people still argue how XRP is a security and should be traded as such. Ripple Wants to end the Lawsuit If that were to be the case, the consequences...Read More
If you’ve followed the Bitcoin and cryptocurrency space at all over the past few years, you likely know of the term “HODL,” A misspelling of the word “hold,” HODL is a long-time meme used by industry investors who believe that BTC will appreciate over time.According to a recent report from the Wall Street Journal, HODL...Read More
It has not been a good year for cryptocurrency funds, depending on how one interprets the new reports coming out. From a longevity point of view, the current statistics are borderline alarming. The State of Cryptocurrency Funds in 2019 Several dozen crypto funds have shut down throughout 2019, primarily due to very little price action...Read More
The US Marshals Service and FBI have updated an earlier warning against scammers impersonating law enforcement officers. The agencies say those behind the scams accuse a potential victim of a crime and demand payment via a Bitcoin ATM or another somewhat obscure payment method.It’s unclear how effective such scams are. The requested payment method should...Read More
The divisive project is one of the most active Ethereum contracts. HEX has finally gone live, marking the most recent project of the colorful YouTube personality Richard Heart. As of Dec. 2, 2019, HEX has completed its snapshot, and its tokens are now in circulation. HEX describes itself as a blockchain certificate of deposit —...Read More
2019 is coming to an end and the Bitcoin Cash (BCH) ecosystem has matured a great deal. BCH has successfully upgraded twice this year, adding Schnorr signatures capabilities and most transactions on the BCH network are now non-malleable. Moreover, BCH has seen increased adoption this year, an SLP token explosion, a slew of helpful third-party...Read More
China is setting the wheels in motion to reduce the dominance of the US dollar. According to a recent report, it was revealed the Asian country was looking to amplify usage of its native fiat currency yuan over the US dollar in the digital asset industry. US dollar had a major dominance over the global...Read More
There are currently more Bitcoin keys with at least one satoshi associated with them than there has ever been before. The number of plus balance addresses is even higher than it was at the peak of the 2017 bull market. The figures, although problematic, give something of an indication of the number of Bitcoin users around...Read More
Coinbase continues to explore its options in the cryptocurrency space. That also includes adding support for digital assets in any way possible. As far as the Coinbase Card is concerned, it has now received DAI stablecoin functionality. A Different Asset for the Coinbase Card It is the first time any stablecoin is supported on this...Read More
Just over a week ago, Bitcoin touched the $6500 mark, which was last seen in May, earlier this year. BTC has made a respectable recovery since then, valued at around $7365 at the time of writing. Bitcoin has a market capitalization of nearly $134 billion, and almost $17.8 billion worth of BTC was traded in...Read More
Bitcoin owners have had many things to worry about over the past months. For instance, the price of BTC has tumbled by some 50% since June of this year, falling as low as $6,600 from $14,000. Also, there’s been increasing regulatory scrutiny from some of the world’s most powerful governments and entities due to Facebook’s...Read More
Bitcoin price is trading within a tight range as of late. Even the few surges here and there in either direction, have resulted in the leading crypto by market cap falling back into the current range.The post appeared first on NewsBTCRead More
Bitcoin processed $8.9 billion in a single hour, highest in its history. It shows how BTC can grow as an established store of value. VC investors foresee BTC evolving into a major asset due to its ability to transfer value. In a single hour, the Bitcoin network processed $8.9 billion in transactions. While most of...Read More
The bitcoin price dropped by 31% since October 26, in just over a month. Yet, Blockchain Capital partner Spencer Bogart sees strengthening fundamentals pushing BTC up in the medium-term. The cryptocurrency market showed signs of stagnation throughout November following China’s crackdown on small exchanges and the sell-off of bitcoin on spot exchanges like Huobi and...Read More
The FBI arrested an Ethereum developer in Los Angeles on Thanksgiving for teaching North Korea about cryptocurrency. The Manhattan US Attorney’s office says the 36-year old Virgil Griffith helped North Korea to evade international sanctions. The former hacker and tech idealist has been flirting with disaster for years. The New York Times did an eerily...Read More
The Block reported that Binance’s Shanghai office was raided by the police. Changpeng Zhao (CZ) quickly responded and went into the offensive to refute The Block’s claims. CZ knows that he can file a lawsuit against the crypto news site but says that that’s “too much trouble for now.” On Thursday, The Block published an...Read More
Major cryptocurrency exchanges, Binance and Coinbase, have slipped in the revised version of a cryptocurrency exchange ranking list. The data, compiled by crypto-asset data provider CryptoCompare, was titled ‘CryptoCompare Exchange Benchmark Q3 2019,’ and used a new metric for the latest edition. The tool, dubbed the ‘Exchange Benchmark,’ rested on 30 factors, including the team...Read More
A widely-followed economist says suppressing bitcoin price can kill the cryptocurrency. Research supports this assessment as retail traders still dominate the market share. The strong correlation between bitcoin and Google searches point to the vulnerability of retail traders to price manipulation. Alex Kruger, an economist and trader, took to Twitter to share his thoughts on...Read More
Litecoin noted a sharp fall on 15 November, a fall that caused its price to fall from $59.97 to $55.63. This 7.24% fall was followed by the price of the coin climbing up. However, it fell soon after the rise. The price of Litecoin at the time of writing hovered at around $58.07 with a...Read More
Litecoin noted a sharp fall on 15 November, a fall that caused its price to fall from $59.97 to $55.63. This 7.24% fall was followed by the price of the coin climbing up. However, it fell soon after the rise. The price of Litecoin at the time of writing hovered at around $58.07 with a...Read More
Bitcoin had its hands full dealing with the bearish market, while DeFi gained popularity and provided significant earnings in mainstream finance. However, according to the report provided by Token Analyst, hodling Bitcoin [BTC] or Ethereum [ETH] garnered more revenue compared to crypto lending. The report highlighted the difference in returns offered by investing $1,000 at...Read More
Managing Partner and Head of Research at Fundstrat Global Advisors, Tom Lee, recently made an appearance on CNBC‘s ‘Street Signs Asia‘ segment to talk about Bitcoin price movements in the future. Lee also spoke about why he thinks Bitcoin will touch $25K by 2022. According to Lee, for an industry that’s over a decade old,...Read More
Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after. About 5% of the computers have been affected by the DoppelPaymer software. The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries. The hackers who hit Mexico’s state oil giant Pemex earlier...Read More
NEO has surged 100% over the past few weeks. The bullish sentiment behind this cryptocurrency rally seems to be related to China’s decision to embrace blockchain technology. One trader says NEO may have a bright forecast. NEO, one of China’s most prominent blockchain projects, has been on a roll since Chinese President Xi Jinping announced...Read More
2019 has seen large-scale blockchain adoption. With China trying to beat the world to its central bank-backed digital currency, the United Arab Emirates [UAE] too, has begun drafting regulations. According to reports, UAE has been preparing for a rapid expansion in light of increasing demand for cryptocurrencies. According to Google trends, the terms with an...Read More
Ethereum’s price maintained a volatile trajectory over the past few months after repeated price swings in the market. On 25 October, the 2nd largest crypto-asset recorded its most recent price pump, hiking by 16 percent in a single day and recovering most of the losses suffered a couple of weeks prior. At press time, Ethereum...Read More
Chinese State Media Praise Bitcoin as a “Successful Application of Blockchain” Blockchain fever overruns the people’s republic Bitcoin propaganda comes as China preps to launch digital currency in 2020 China has taken yet another step towards fully embracing Bitcoin, calling it “The First successful application of blockchain technology.” The entirety of the people’s republic has...Read More
Monetary Authority of Singapore [MAS] recently revealed that it had collaborated with banking giant J.P. Morgan in order to develop a blockchain-based prototype. J.P. Morgan has always been bullish toward blockchain tech and cryptocurrencies. The banking giant went on to launch its native digital currency, JPM. Its latest partnership with MAS would allow payments of...Read More
Coinbase recently released a blog post on Proof-of-Work titled ‘How Coinbase views proof of work security.’ However, this blog post failed to appease the Monero community, with some of its proponents highlighting the lack of research done about the privacy-enhancing cryptocurrency. This was in light of the fact that the post had a case study...Read More
The Monero community has been gearing up for the network’s hardfork which is scheduled for 30 November, 2019. RandomX, a new proof-of-work algorithm, will be the result of the imminent hard fork. A code freeze was scheduled for 24 October, followed by the release of version 0.15.0.0 on 31 October. It has now been revealed...Read More
