Twitter saw the return of Vitalik Buterin vs. Justin Sun on May 19. The respective founders of Ethereum and TRON exchanged barbs over the matter of an imminent Steem hard fork, which will seize the funds of some of its users. If Steem Hardfork 0.23 goes ahead on May 20, over 23.6 million STEEM coins...Read More
The growing interest towards staking has pushed the blockchain-based project Harmony to begin implementing it as well. Interestingly, another popular project which had its IEO on Binance Launchpad, namely MATIC Network, also recently elaborated on its staking service developments. Harmony Will Support Staking Harmony utilized the Binance Launchpad to have its IEO nearly a year...Read More
After announcing plans to launch a new privacy coin called GHOST, John McAfee has received numerous accusations of plagiarizing the whitepaper. The popular cryptocurrency proponent responded today to the emanated controversy, calling it a “storm in a teacup.” GHOST Controversy As CryptoPotato reported in mid-April, the former anti-virus software tycoon announced the upcoming launch of...Read More
Binance CEO Changpeng Zhao (CZ) claimed in a blog post that all projects within the Binance ecosystem operate independently from each other to some extent. CZ outlined that no person nor entity can affect CoinMarketCap’s new ranking system for exchanges, which placed Binance at the first spot. CZ: CMC Works Independently After Binance acquired the...Read More
The Bitcoin third halving that occurred last week was a remarkable event for the Bitcoin community. However, while experts predicted that the event could be a price booster for the cryptocurrency in the long, miners are not very happy considering the effect of the halving on their revenue. Bad Business For Miners? One of the...Read More
Bakkt, the Bitcoin futures contract platform of the Intercontinental Exchange (ICE), has partnered with an insurance broker to increase its coverage by an additional $500m. The company also announced the onboarding of 70 new institutional clients and the expansion of its loyalty program. Bakkt Increased Its Insurance Coverage Earlier today, Bakkt’s President Adam White shared...Read More
The author of the beloved Harry Potter books, J.K. Rowling, recently asked crypto Twitter to explain Bitcoin to her. Needless to say, hundreds of leading community members answered, including some of the most influential cryptocurrency proponents like Changpeng Zhao, Vitalik Buterin, and even Elon Musk. However, the renowned author had her fair share of informational...Read More
Founder and CEO of Social Capital, Chamath Palihapitiya, and current Los Angeles Clippers owner Steve Ballmer were the latest popular individuals to had their names involved in fake Bitcoin giveaways on YouTube. With the rising number of similar scams on social media platforms, the question remains on the potential consequences on the community and legitimate...Read More
Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days. Bitcoin Price Takes Another Swing At $10,000 Volatility doesn’t seem to fade in...Read More
Coinbase CEO Brian Armstrong just fell for the oldest trick in the crypto-twitter playbook. When Harry Potter author J.K Rowling made a surprise entrance to the Bitcoin space this weekend, Armstrong attempted to welcome her in. When Rowling apparently made a $100 BTC purchase, Armstrong told her to get over to Coinbase and urged her...Read More
Zcash (ZEC) was recently the subject of a research paper which aimed to explore the extent to which the privacy coin is used for illicit or criminal purposes. Funded by Electric Coin Co.(ECC), the company behind Zcash, the analysis carried out by the RAND Corporation and concluded that Zcash was not regularly used for illegal...Read More
Following the official halting of Telegram’s TON blockchain project, Co-founder of Qiwi Group Sergey Solonin has decided to loan his $17 million investment back to the company, according to a recent report by Forbes RU. $17 Million Investment Stays In Telegram The past several weeks have been particularly challenging for Telegram’s blockchain project called TON....Read More
Recent Chinese reports indicate that a new cryptocurrency scam, resembling the notorious PlusToken, has been brought to trial this week. Dubbed WOTOKEN, allegedly scammed over 700,000 users and absorbed more than $1 billion worth of Bitcoin and other digital assets. The New Chinese Threat: WOTOKEN According to local reports, the trial began on May 14th...Read More
Friday was a big day for Bitcoin Twitter. Harry Potter author J.K. Rowling asked Twitter to explain the cryptocurrency to her. All the big whales on Bitcoin Twitter jumped into the thread to offer various explanations and summaries to the legendary fantasy writer. J.K. Rowling asks Twitter to explain Bitcoin. | Source: Twitter Elon Musk...Read More
Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then. In the four short...Read More
Bitcoin’s hash rate has decreased by 32% in the past few days as the revenue generated by miners is also substantially less following the halving. This is one of the biggest corrections in history, and it might pose certain security challenges for the network. Bitcoin Hash Rate Drops 32% Bitcoin’s hash rate decreased dramatically in...Read More
Bitcoin buyers on Coinbase tend to go on to experiment with altcoins, and BTC could be acting as a gateway drug. That’s according to new research by Coinbase, which showed that among customers with at least five purchases, those who bought Bitcoin first were more likely to spread out into the altcoin market too. The...Read More
Global retailer Overstock has filed for a dismissal of a lawsuit that alleges the company is misrepresenting a “digital dividend” token to its shareholders. Accused On Misleading Information To Shareholders The online retailer Overstock has been among the firms that adopted and advocated Bitcoin early on. Now the company is caught in a legal battle,...Read More
With the third-ever Bitcoin halving in the history books, the price of the asset is reacting by a notable 13% surge. As a result, the number of profitable days of holding the primary cryptocurrency has increased to over 93%, according to a data monitoring website. Almost All BTC Positions Are In Profit Bitcoin’s halving historically...Read More
Bitcoin had a very lucrative few days of trading as its price increased with roughly $1,000 since the halving took place. As it pushed above $9,500 today and its dominance increased, however, large-cap altcoins continue to suffer and fail to claim serious ground. Bitcoin Price Pushes Above $9,500 At the time of this writing, Bitcoin’s...Read More
Bitcoin’s halving is behind us, and its price is nothing but soaring. Moreover, BTC is surging while legacy markets continue their downturn, strengthening the narrative that the cryptocurrency keeps on decoupling. Bitcoin Price Soars 9% in Less Than Three Days Bitcoin’s halving took place a little more than 48 hours ago. At the time, BTC...Read More
The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens. That address belongs to the operators of MMM Global...Read More
The self-proclaimed Satoshi Nakamoto, Craig Wright, took the opportunity to publish a blog post on May 11, the day of the third Bitcoin halving, to warn his opponents in the Bitcoin space and beyond that, the axe is now in his hand – and it’s about to fall hard. The Axe Swings for Thee That’s...Read More
Telegram has announced it will be ceasing all active involvement with the TON blockchain. The CEO of Telegram, Pavel Durov, announced the news in a Telegra.ph post on May 12, 2020, which declared Telegram’s work with TON officially finished. Durov announced: “I am writing this post to officially announce that Telegram’s active involvement with TON...Read More
Leading cryptocurrency exchange Binance is rolling out new leverage products called “Binance Leverage Tokens (BLVT),” two months after delisting FTX’s Leveraged Tokens. Binance Leveraged Tokens – BTCUP and BTCDOWN Leveraged tokens are designed to give traders exposure to the crypto markets without the nitty-gritty that comes with managing a leveraged position. Launching this week, the...Read More
Block 630,000 was mined yesterday, and with it, the third Bitcoin halving was successfully completed. From here on, miners will receive 6.25 BTC for adding new blocks to the network. The hours before the event were fairly turbulent for BTC’s price, but it seems that it has calmed down, at least for now. Bitcoin Price...Read More
The most anticipated event in the cryptocurrency community has finally occurred as the Bitcoin network just produced block number 630,000. The Bitcoin halving will reduce the daily supply, the inflation rate, and the block rewards for miners. It has also raised serious discussions around the price of BTC. 2020 Halving Completed After months of increased...Read More
The median confirmation time for transactions with miner fees to be included in a mined block and added to Bitcoin’s ledger has decreased substantially on the day that the halving is estimated to take place. If the rate continues as it is, the event will take place a few hours sooner than expected. 10 Blocks...Read More
New data comparing Bitcoin’s fundamentals now and around the second halving in 2016 demonstrates the immense growth of the network. Double, triple, and even quadruple-digit increases are evident in almost all areas, including the number of BTC addresses, the hashrate, and the daily transaction volume. 2016 Vs. 2020 Bitcoin Addresses While most members of the...Read More
Bitcoin’s halving is estimated to take place in less than a day, and transaction fees are surging. This is indicative of users willing to pay a premium for their transactions to be prioritized and also of the increased number of unconfirmed transactions. Bitcoin Transaction Fees Above $3 Transaction fees on Bitcoin’s network have been increasing...Read More
