A new research study by the Bank for International Settlements (BIS), the Swiss National Bank (SNB), and the SIX Digital Exchange touched upon the feasibility of integrating tokenized assets and central bank money. The collaboration termed ‘Project Helvetia’ has demonstrated the functional feasibility and legal robustness of settling tokenized assets with a wholesale CBDC (PoC1),...Read More
The world’s oldest Bitcoin mining pool, Slush Pool, has inscribed Reuters’ famous headline, “Dollar plummets on U.S. stimulus hopes; Bitcoin hits all-time peak,” on block number 659678. The same was done on 2 December, with the mining pool revealing the same a few hours ago, adding that the miners wanted to “immortalize” the bullish headline...Read More
Ethereum recently took its first steps towards Ethereum 2.0 after the Beacon Chain went live, with many centralized exchanges soon extending support for staking too. Joining them now is a publicly-traded company, Ether Capital Corporation, after it revealed that it began staking on the Ethereum 2.0 network back on 1 December. That’s not all either...Read More
IOHK has been working on the token locking functionalities before the Hard Fork Combinator [HFC] event which has been scheduled for the first week of December. The team has been continuing with its Goguen rollout, which has been an important milestone after Shelley. In a recent update, Dimitris Poulopoulos, Goguen Project Manager, and Volodymyr Hulchenko,...Read More
Cryptocurrency exchanges have been actively adding new projects given the bullish sentiment gripping the market, especially with decentralized finance. Coinbase Pro announced support for new order books for Chainlink [LINK], Uniswap [UNI], Yearn.Finance [YFI], Zcash [ZEC], and Algorand [ALGO]. According to the announcement, the new pairs that will be added to the exchange will be...Read More
Bitcoin is a decentralized p2p asset class that has gained worldwide popularity and has a market cap of $350 billion. But how decentralized is bitcoin? Before we actually get into that, let’s break down the word “decentralized”. Generally, decentralized is something that’s not concentrated and centralized. To bitcoin, the term ‘decentralized’ is mainly attributed due...Read More
The store of value and digital gold narrative has taken markets across spot exchanges by storm. Imagine moving ahead from the store of value narrative, as Bitcoin continues to trade above $18000 and consider the fact that $1000 of Bitcoin purchased a decade ago would be worth approximately $100,000,000 today. When @danheld tweeted about this,...Read More
Ethereum’s mining difficulty has noted a significant drop over the past 24-hours, after having reached an all-time high. The Ethereum difficulty decreased to 3,430 terahashes on 2 December. This was a 9.6% fall from its all-time high of 3,794 terahashes, according to data provider, Glassnode. The mining difficulty showed how hard it is to mine...Read More
Bitcoin has hit a new ATH of 19,865 as of November 30, 2020, however, it hasn’t hit $20,000 yet. This calls for a celebration as the highs set in 2017 were finally reached after 1080 days. So, what to expect next? Long term, bitcoin is bullish without a shadow of a doubt. However, the short...Read More
Is Bitcoin still in the green despite its 15 percent fall from its $19,000 high? This three-part piece will clear up how much of Bitcoin’s daily losses it has managed to recoup in the past year. In the previous piece, we looked at the top-10 declining and top-10 recovery days for the cryptocurrency. To reiterate,...Read More
Ethereum has taken its first step towards Proof of Stake [PoS] today, with the Beacon Chain going live. The excitement was visible all across Twitter as people celebrated the new beginning for ETH. Adding to this celebration, Binance, one of the largest cryptocurrency exchanges, launched ETH 2.0 Staking service from 2 December. The announcement noted:...Read More
As Bitcoin’s price hit a new ATH before closing in November 2020, it is the ideal time to check Bitcoin’s correlation with Gold and the impact on price. Bitcoin and Gold decoupled earlier in November 2020, based on data from skew. The quarterly gain posted by Bitcoin is 72% and the monthly gain is 35%....Read More
The Universal Protocol Alliance [UPA] which included prominent blockchain companies like Bittrex Global, Ledger, CertiK, InfiniGold, and Uphold launched the Universal Carbon [UPCO2] on a public blockchain. It can be bought and held as an investment, or burnt to offset an individual’s carbon footprint. According to the press release shared with AMBCrypto: “… the UPCO2...Read More
Ethereum is trading above $600, just as it did over the past weekend. What’s interesting however is that despite its dropping correlation with Bitcoin, the price has sustained at the current level. The latest developments in Ethereum charts indicate that the narrative that led to the BTC price rally may be brewing for Ethereum as...Read More
Ethereum is finally going to kickstart its journey towards ETH 2.0 today, with the Beacon chain going live. This was possible only after the ETH holders stakes over 867,000 ETH, more than the required 524,288 in order to set this in motion. As Ethereum sets on the transition path, users will only have to wait...Read More
Bitcoin’s price crossed ATH on most exchanges on November 30, 2020 chasing after a high monthly close. Interestingly enough, @Danheld of Kraken has been asking traders to be patient and wait to get rewarded. In his recent tweet, he said there will be several dips in this cycle as well, and HODLing is the only...Read More
BitMEX has long been a pioneer when it comes to bitcoin derivative products. However, due to its recent tussle with the American authorities, the exchange faced a major setback. With the new CEO appointed, it is yet to see how he will guide the exchange to a safer place. According to the blog, the new...Read More
United States Department of Justice (DoJ) and the Southern District of New York (SDNY) extradited a member of an alleged AirBit Club ponzi scheme for “internationally coordinated fraud and money laundering ring” and being allegedly involved in defrauding individuals “through investments in AirBit Club.” In a release published on Monday, 30 November DoJ identified one...Read More
The post COVID-19 pandemic economy might see certain economies crashing and local currencies plummeting, which would make Bitcoin theft “a lot more attractive,” according to new research. The study, titled ‘Cyberthreats to financial organizations in 2021,’ was published by Kaspersky’s cyberthreat research team. In it, the authors expect more fraud, targeting mostly BTC, due to...Read More
Yearn Finance’s YFI has been rallying strongly over the past few days, with some in the crypto-community expecting YFI to surge past $30k soon enough. The protocol’s Andre Cronje has been in the news a lot too, especially since Yearn Finance announced multiple integrations within the DeFi ecosystem over the past week. In a recent...Read More
Calling central bank money “unique,” Christine Lagarde, President of European Central Bank, spoke about the future of money and pointed out the positive aspects of the digital euro. While she maintained that the digital euro would only complement physical cash, she did emphasize that issuing a digital euro might become necessary to “ensure monetary sovereignty” in...Read More
Crypto exchange Gemini’s co-founders, the Winklevoss twins think Bitcoin will be gaining 25 times its current value as more global investors adopt the leading crypto as a hedge against inflation. In a recent interview with CNBC’s “Squak Box” Tyler Winklevoss said that Bitcoin will be “the best performing asset of the current decade” and stated:...Read More
When the weekend started, Bitcoin’s price had slumped to $16,788. By the end of it, however, Bitcoin was trading close to $18,147. The positive commentary from institutional buyer Guggenheim Partners helped retail traders remain optimistic about the Bitcoin market, despite the 15.6 percent retracement seen on Thanksgiving. This was evidenced by the latest surge in...Read More
Former Chief Digital Officer of design house LVMH, Ian Rogers, will join the French digital asset security company – Ledger – as its first Chief Experience Officer. With this appointment, Rogers will focus on consumer interaction and user proficiency and “accelerate” Ledger’s Business to consumer development. Further, Rogers will be involved in “reinventing the user...Read More
At the time of writing, ETH was trading at $552, with the cryptocurrency gaining by 6.2% over the previous 24 hours. In fact, the transaction fee for ETH had also risen alongside the rise in demand, relative to the previous week, based on trade volume data from spot exchanges. Closer to the launch of ETH...Read More
One moment Bitcoin looks set to breach its all-time high and the next, it’s down by $3,000. Welcome to crypto! In a bull market with bearish overtones, a lot can be lost in the noise. For instance, if you’d bought Bitcoin last week and sold it this week, you’d be down by around 14 percent....Read More
Ethereum, unlike Bitcoin, had a relatively active weekend in terms of price action, with ETH hovering around the $550-mark, at press time. In fact, Ethereum shorts equivalent to over 2500 ETH were liquidated across derivatives exchanges like OKEx and Binance. While more and more retail traders expected ETH’s price to slow down over the weekend,...Read More
With the 1st of December and the scheduled launch of ETH 2.0’s Phase 0 looming with every passing hour, crypto-exchanges are preparing themselves by offering new ETH 2.0 staking services. Popular crypto-exchange Huobi has taken the lead in this respect, with the Singapore-based exchange announcing the launch of ETH 2.0 One-Click Stake Function a few...Read More
2020 has been a year of uncertainty. Not only did a pandemic take down markets the world over, but the crypto-market wasn’t immune either. With the end of the year looming, it would now seem that many investors are having a different sort of dilemma. With the market just beginning to price in the effects...Read More
After about $2 billion worth of longs were decimated during the recent crash, the only question that remained was this – “Is the Bitcoin correction over?” Bitcoin’s correction was incoming, however, nobody knew when to expect it. Moreover, with each surge, Bitcoin’s ATH just got closer. Hence, the cryptocurrency’s recent movements blindsided a lot of...Read More
