The participation of new entrants in the industry has kept the space interesting for speculative trading. FTX has been making headway for a while; especially with the launch of Bitcoin Option tradings. The move to launch Options trading was announced by the CEO of the exchange, Sam Bankman-Fried on January 12, via Twitter. Options launching...Read More
Ethereum Classic’s Agharta protocol upgrade went live on the Mainnet on 12th January 2020. The planned hard fork went live on block 9,573,000. Prior to this, its test networks – Morden, Mordor, and Kotti were successfully implemented. ETC’s Agharta essentially added the ETH Constantinople opcodes to ETC mainnet. The proposed changes for Ethereum Classic’s Agharta...Read More
The on-chain activity on Bitcoin’s blockchain remained overall positive throughout 2019. Despite stagnation in the price, Bitcoin’s network metrics stayed strong. Its mining hash rate has seen an exponential increase in the last couple of months and touched a new all-time high of 117 exahash per second [EH/s] on January 5th. As miners continued to...Read More
The concept of digital assets and the creation of Bitcoin is commonly lauded as a revolutionary change that led to the establishment of an asset class worth over $200 billion dollars. In a recent segment of whatbitcoindid with Peter McCormack, Aaron Van Wirdum, Technical Editor at Bitcoin Magazine, discussed some of the projects that eventually...Read More
The introduction of the blockchain network in the healthcare industry is something that’s been talked about a lot. Though there isn’t a proper model in place to this day. Discussing the topic, Samson Williams, Principal Consultant for Axes and Eggs, in a recent podcast talked about the difficulties faced while making the hospital staff understand...Read More
Is Bitcoin priced-in for halving? The debate on this is heating up since halving is right around the corner [~122 days]. With the price of Bitcoin hovering in the sub-$8,000 regions, some say Bitcoin miners are not profiting. However, others say this is caused by Chinese miners trying to force the U.S. miners out. Bitcoin...Read More
“I am not a real believer in sort of the cryptocurrency world”, said the former Goldman Sachs President and former NEC Director Gary Cohn. The underlying technology, i.e the blockchain tech, however, is often touted as the ‘next big thing’ and has already been deployed in businesses and institutions globally. While Cohn does not believe...Read More
If the idiom ‘off to a fresh start’ needed an example, Bitcoin will be an ideal candidate at the moment. After starting the year at a price under $6900 on 2nd January, the largest digital asset seemed to break away from its bearish shackles, registering a growth of over 19 percent in the past 9...Read More
Blockchain-based smart contract protocol, EOSIO announced an update of its version 2.0 which was released last year. According to the latest blog post, EOSIO Version 2.0 release has been updated to a more stable version with security, stability, and other miscellaneous fixes. The released notes on GitHub stated, “These protocol upgrades necessitate a change to...Read More
The term decentralized currency was meant to signify a virtual currency that would be based on the logic of mathematics and economics, mined from the blockchain and stored in one’s digital wallet, assigned by a private key. However, that is not the case. In a recent piece on the Bankless blog, Coinmetrics co-founder Nic Carter...Read More
Bitcoin halving is expected to take place around May 2020 and it will prompt the inflation rate to decrease by ~1.7%. The halving will also result in the overall mining cost to become expensive, replacing the use of lower-end mining hardware with active ASICs second-hand market, according to TokenInsight’s report. Cloud mining, a type of...Read More
Bitcoin always had its critics. From regulators to bankers, the financial aspect of Bitcoin was a bone of contention to many. Another pain-point with Bitcoin was its production, or rather the energy-intensive nature of Bitcoin mining. Financial freedom for environmental harm was a small price to pay for many. Yet some could not balance the...Read More
Bitcoin’s recent rally was delayed but it arrived nonetheless; the price shot up by ~16% in 3 days to $8,436. However, the rally has stopped and reversed as the retracement continues. This can mean two things for Bitcoin, a short retracement prior to another pump; exhaustion of the surge. The latter seems more plausible due...Read More
Bitcoin difficulty and hash rate are two important factors that determine network health and also the state of miners. According to CoinMetric’s estimates, the difficulty will hit a new all-time high of 15 trillion in four days. In a recent tweet, CoinMetrics mentioned that there would be an ~8% increase in Bitcoin’s difficulty making it...Read More
Thailand‘s Siam Commercial Bank (SCB) recently partnered with RippleNet to create ‘SCB Easy’, a mobile application that facilitates instant, low-cost cross-border payment solutions, according to a blog post. With this, the 112-year-old bank became Thailand’s first domestic bank that is willing to push forward with Fintech partnerships. At Ripple‘s annual Swell conference, Arthit Sriumporn, SCB’s...Read More
Prominent Bitcoin Futures and Options Exchange, Deribit has announced that it will be moving to Panama, from the Netherlands. The derivatives platform informed through a blog post that from 10 February 2020 Deribit.com will be operated by DRB Panama Inc., a 100% subsidiary of the Dutch entity. The decision of the exchange followed the “strict...Read More
Voice, the social media app developed by Block.one appointed Salah Zalatimo as its new CEO, who formerly served as the global Chief Digital Officer with Forbes, according to a blog post. Commenting on this new addition to the team, Block.one’s CEO Brendan Blumer said that Zalatimo’s experience in content tool creation would be a valuable asset...Read More
One of the major talking points of 2019 was China’s involvement with blockchain and the launch of its DCEP. With the People’s Bank of China announcing that a digital yuan would soon be released in the market, and Bitcoin and other digital assets still banned in the country, China has accelerated its interest in developing...Read More
The crypto bull run of 2017 turned a lot of heads in both the crypto and mainstream financial markets. However, the scale of the bull run also opened the doors for many who sought to take undue advantage of the state of the market. At the peak of the bull run and for months after,...Read More
The future of digital assets in India may remain uncertain for a long period of time. However, the implementation of blockchain continues to grow at a rapid pace in the country. According to a report by the Economic Times, Kerala may soon be on its way to becoming the first Indian state to successfully introduce...Read More
Binance, one of the world’s largest cryptocurrency exchanges, is undoubtedly one of the most fast-paced entities in the crypto-space. Over the past few years, the exchange has recorded tremendous growth in terms of the number of people availing the platform’s services, as well as with respect to the list of services provided by the exchange...Read More
According to the latest Coin Metrics report, 2019 has been a record-breaking year when it comes to crypto adoption. Addresses with a balance of at least $10 increased for most of the major cryptocurrencies, as did their prices, showing that the retail market was thriving despite pessimistic predictions. Coin Metrics state of the market report...Read More
India has been one of the most notable emerging economies in the world in the last few decades. It currently stands at seventh place with a nominal GDP of $2.72 trillion and it is expected to overtake the United Kingdom in years to come. India’s PM Narendra Modi envisioned a dream of making India a...Read More
Not your keys, not your coins Let the meaning sink in… It’s the most popular adage in the crypto-community. This mantra is echoed time and again or each time an exchange gets compromised! Just like Satoshi Nakamoto, Trace Mayer ignited the Proof-of-Keys [PoK] revolution on January 03, 2018. To the people outside looking in, the...Read More
In less than a decade, Bitcoin and Ethereum have captured the attention of people around the world. Born during the time of recession and excessive pessimism, Bitcoin aimed to revolutionize payments. Soon thereafter, Ethereum became the world’s leading smart contracts platform. However, when it comes to the distribution of coins, they differ vastly. Bitcoin and...Read More
The leaves that bud out of the stem, the pattern on the shell of snails, the petals of flowers; all of these have a common denominator, a pattern. Nature follows a particular kind of symmetry. The world that we live in has many mysteries to it, many that might seem chaotic to naked eyes. However,...Read More
Lightning Network adoption has increased over the last few months, with more and more exchanges now integrating it. According to a recent announcement, San Francisco-based financial firm, River Financial, is the latest to enable Lightning deposits and withdrawals. Developed to increase Bitcoin’s scalability, Lightning Network’s adoption was slow for the whole of 2018. However, in...Read More
A total of 33.2 billion TRX tokens are scheduled to be released into Tron’s circulating supply on 1 January 2019. This marks an important step in Tron’s journey as the release constitutes about 32% of its total circulating supply. This dilution in Tron’s circulating supply could have devastating effects on its price. Tron, a major...Read More
How regulators see Bitcoin is more important than how the market sees it. With Bitcoin surging by over 250 percent this year, 2019 has been a busy year for the cryptocurrency market. One of the busiest parties in the market were the regulators, particularly the Securities and Exchange Commission [SEC]. Unlike the previous year where...Read More
Bitcoin Options are gaining traction as new derivatives exchanges are adding improved products to attract more users. One such exchange is Deribit, an exchange that provides Bitcoin Options trading. The exchange saw a loss in Open Interest after its December expiry from $489 million to $202 million. The BTC Options contract on Deribit expires each...Read More
