Stablecoins have seen their importance in the crypto-market grow rather dramatically over the past year. For Tether, the world’s most popular stablecoin, the past few months have seen it surge past XRP to occupy the third position in terms of market capitalization. Tether’s growth since its launch in 2014 has enabled even greater adoption for...Read More
Bitcoin and Ethereum are two of the most popular blockchains in the world. While Bitcoin was the first cryptocurrency, there’s not a lot of freedom to do with Bitcoin. However, Ethereum allows users to build contracts and other tokens that help build a whole new ecosystem. Due to its complexity, the Ethereum blockchain needs much...Read More
It is impossible to keep Ethereum out of the headlines at the moment. The anticipation surrounding Ethereum 2.0 was keeping the largest altcoin omnipresent but currently, the immense growth of DeFi is doing the trick. According to Coinmetrics’ recent State of the Network report, DeFi is currently assisting Ethereum to register new highs with regards...Read More
Bitcoin miners play an important role in securing the network, however, the current year has put quite a few hurdles for miners to stay afloat. As the difficulty in mining increased, the adjustments helped the miners to run operations smoothly after Black Thursday and the halving. However, in June the network saw its biggest difficulty...Read More
Bitcoin is the world’s largest cryptocurrency and its users have in the past decade seen the crypto’s use-cases diversify quite dramatically. As BTC’s price stood at $9,309.19, the financial bandwidth of the network, also known as the economic throughput has been rising. The metric measures the financial bandwidth of Bitcoin by utilizing its transaction count...Read More
Bitcoin has long been touted as an uncorrelated asset among many things. However, this narrative seemed to have been questioned after enduring the brunt of the pandemic. Since then, stocks have risen, fallen, and are hitting new levels but the same cannot be said for Bitcoin. Bitcoin, tech and social media Source: BTCUSD TradingView The...Read More
The Ethereum derivatives market, like its spot market, was lying low. The last time the Options market witnessed increased activity was on 26 June, wherein a bulk of contract expiry was supposed to take place. According to data provider Skew, the Open Interest [OI] on 26 June was close to $170 million, which shrunk close...Read More
All these years, Bitcoin has been called different names, it has phased, morphed into being different things; from being an asset used in the dark web to an asset that aids in speculative trading. Between name-calling and morphing, Bitcoin has evolved into an asset that is now being considered as portfolio diversification and even as...Read More
It is a known fact that Bitcoin volatility has been low for quite a while now. With low volatility, the volumes for both Bitcoin futures and options have reduced. With such small price movements after the halving, Bitcoin seems to have become less desirable in comparison to many of the market’s altcoins. At press time...Read More
For many in the cryptocurrency space, a ‘safe-haven’ is an egregious word. To be a ‘safe-haven’ would imply that Bitcoin is not the ‘only haven,’ to be a ‘safe-haven’ would imply that Bitcoin is an unlikely option in a testing time, and would mean Bitcoin is still an outlier. No no, there is no place...Read More
Owing to the relative youth of the cryptocurrency market, it is often accused of lacking in maturity. Even with institutional investors rushing in, there are grounds for arguing that the Bitcoin-led market is not completely mature. A reason why such doubts exist is due to the inherent volatility of the market, one where a cryptocurrency...Read More
Darknet transactions are so intrinsic to the Bitcoin ecosystem that to think of Bitcoin without such transactions would be to violate the core features of what makes the cryptocurrency truly decentralized. Even though it has been many years since the infamous Silk Road, Bitcoin’s first prominent e-commerce use-case, darknet transactions using the cryptocurrency have only...Read More
Defining Bitcoin and cryptocurrencies in mainstream terms has never been easy. After all, how can it ever be? Cryptocurrencies are revolutionary, they were never meant to be confined to the traditional definition of concepts. The example of how difficult it has been to define cryptocurrencies in legal terms is a case in point. However, whenever...Read More
Twitter, the social media platform that substitutes for Presidential proclamations these days, was hacked a few days ago, with a host of accounts hijacked to promote a Bitcoin giveaway scam of sorts. This wasn’t the first time someone has hacked into a Twitter account. However, what caught the eye of news media across the world...Read More
The Ethereum network has been among one of the few major projects flourishing in the time of a dull market. Even though the price has been unreactive, the ecosystem has been noticing a faster-moving network, due to an increase in the gas limit. According to the data, the Ethereum gas limit has reached a new...Read More
Bitcoin is not acting like a cryptocurrency when its volatility is sinking and it’s highly correlated with the stock market. And right now, both those things are happening. Since the beginning of May, the cryptocurrency which lost 50 percent of its value in a 15-hour window earlier in the year, is trading in a surprisingly...Read More
The twitter hack sure garnered a lot of attention to the largest crypto asset, Bitcoin. However, the incident did not manage to shake it out of its price slump. Even though the price dipped by a little and reached its immediate support at $9k, the BTC market continued its stagnated journey. This noted the 24th...Read More
The more obscure the market, the more obscure the currency used is not true for the darknet. The underbelly of the underbelly of the internet, the darknet is that part of the deep-web which is beyond the reach of traditional browsers and search engines. Within this darknet lies a slew of digital markets where all...Read More
A lot has been said about Ethereum 2.0 over the past few months, and with the growing anticipation, its functionality and economics have been under scrutiny but a concrete evaluation hasn’t been conducted yet, until now. After receiving significant funding from MolockDAO, Consensys’s Tanner Hoban and Tom Borgers have combined their effort to review the...Read More
With Ethereum’s imminent move to Ethereum 2.0, the process of staking will be introduced by the blockchain network, and the $26 billion worth of Ethereum will all be convertible into yield-bearing assets. Now, Stefan Coolican, President of Ether Capital recently explained that the eventual shift to staking would potentially transform Ethereum into a digital bond,...Read More
For most people, Bitcoin is a short bet. Beyond those who look to the cryptocurrency as a means to evade state-controlled finance, Bitcoin is quick-fix or a quick-hit investment, traded on the short-term, owing to its massive volatility and leverage offered. This reality is playing out as we speak. Since the beginning of May, Bitcoin...Read More
The Indian cryptocurrency industry wanted to begin a conversation with regulatory bodies to share their understanding of the space and provide counsel in framing the guidelines for it. In a conversation today Subhash Chandra Garg, the Chairman of the Indian Inter-Ministerial Committee [IMC] noted that crypto can be regulated as a commodity and not as...Read More
Binance Coin, the token of cryptocurrency exchange Binance is faltering in its price-pushes with every passing day. Currently occupying 10th spot on CoinMarketCap’s list, behind Chainlink and Litecoin, BNB amasses a market capitalization of $2.68 billion at press time. But with Crypto.com Coin just behind at $2.57 market cap and the token losing value, an...Read More
For the industry’s Bitcoin miners, 2020 hasn’t turned out to be the year they had hoped for. With the mining reward cut in half and the price still stuck well below $10k, a rise in price for the king coin would be a welcome change. However, saying so could be deemed to be a simplification...Read More
It’s no secret that many institutional investors have taken quite a shine to cryptocurrencies and the digital assets market over the past few months. While the likes of Bitcoin and crypto, in general, have benefitted from clearer regulations (In the case of Bitcoin – its safe haven and store of value narratives have gained substantial...Read More
A common topic of discussion over the past couple of months has been the stalling price of Bitcoin. After its halving in May, the major asset repeatedly failed to breach $10,000, and other than short-term consolidation above the resistance, BTC was unable to sustain a higher position. Source: CryptoCompare London-based data service CryptoCompare revealed in...Read More
Defi is seeing quite a bit of improvement with over 15,000 BTC locked in. Another reason for Defi taking off is the success of the Compound platform’s Comp token. At press time, over 85,560 Comp tokens have been distributed to users. With each token priced at $160, this value comes up to $13.6 million at press...Read More
Cryptocurrencies have managed to garner a lot of attention from users worldwide and it has forced regulators to take a closer look at the technology. The United States has been cautious in forming guidelines for the cryptocurrency industry and this has been often led to the question regarding whether the United States is lagging when...Read More
Bitcoin, like the pied piper, has had an overwhelming influence on the market’s altcoins. As the major coin has been restricted between its immediate resistance and support, many altcoins have also been imitating this behavior. However, Chainlink, a new entrant in the CoinMarketCap’s top 10 cryptos, has been proving to be a beneficial investment, when most...Read More
Bitcoin has been carrying the torch as the largest cryptocurrency in the market and even if it has been down on its luck at the moment, its off-chain performance has been picking up. Projects like Liquid Network, Lightning Network, and DeFi have been proving to drive growth and adoption for the Bitcoin ecosystem. The Bitcoin...Read More
