The Ethereum Classic community has been awaiting the Agharta hard fork that is scheduled for January 2020. The network has been preparing for the hard fork by releasing several Testnets, with the Kotti testnet being the latest one, activated on 14 December at block 1705549. Other Testnets including Morden and Mordor were activated back in...Read More
China has been exhibiting its interest in blockchain technology and with the digital yuan, the country has surely turned heads. Apart from this, China has been dominating the Bitcoin mining space. However, the latest news from the country shows the ugly side of the same. Recently, Chinese authorities have reportedly seized about 7,000 cryptocurrency mining...Read More
Bitcoin’s market reflected signs of recovery in the past week, after being worn down most of December. Although the BTC market cap was still down week-over-week, its estimated hash rate grew by over 10%. However, the hash rate of altcoins like Ethereum [ETH], Litecoin [LTC], and Bitcoin Cash [BCH] dropped by almost 2.9%, with ETH...Read More
Christmas has arrived and so have cryptocurrency giveaway scams with their enticing offers on YouTube. Giveaway scams are no new tale to tell in the cryptocurrency market. It’s been plaguing the space for years, even forcing notable crypto-influencers to alter their display name to include ‘non-giver of crypto’ or those that clarify they do not...Read More
Looking back at 2019, it is quite evident how Malta-based cryptocurrency exchange Binance paved its way across various sectors and geographies. With global expansion as one of its major goals this year, the Changpeng Zhao-led exchange focused on other developments as well. Throughout the year, the platform ventured into several other countries in order to...Read More
Crypto YouTubers expressed their disappointment after YouTube decided to take down their videos. Popular influencers of the crypto space, utilize YouTube to educate people about cryptocurrencies. YouTube, however, has taken down cryptocurrency-related videos further categorizing them as “harmful content” and some of the YouTubers have been temporarily banned from the platform. Popular YouTuber, Chico Crypto...Read More
Maker Foundation has evidently established its presence in the DeFi ecosystem after it rolled out the Multi-Collateral DAI [MCD] along with Dai Savings Rate [DSR]. The release of MCD was via a voting system and the Foundation is continuing to do the same for every other release or update. In its latest blog post, the...Read More
Looking back at 2019, the cryptocurrency industry witnessed the entry of several mainstream companies into its ecosystem. However, Facebook’s Libra project was the one that garnered the most attention. Even though the buzz around the project seems to have sobered down, it still is a hot topic of discussion. China wasn’t far behind, as the...Read More
Other than the bullish movement earlier this year, where ETH reached its 2019 high at around $360, the coin spent most of the year under the $220 mark. The recent Ethereum Istanbul upgrade also didn’t do ETH any favors, dropping to a value of $128 at the time of writing. Ethereum 1-day chart Source: ETHUSD on TradingView...Read More
The Ethereum network is undergoing upgrade spree; just days before Istanbul, developers of the network revealed Muir Glacier. Named after a receding glacier in the United States, Muir Glacier was put forth to delay Ice Age which is also known as the difficulty bomb. This hard fork would delay the difficulty bomb for another 4...Read More
Every four years, the block reward for Bitcoin miners are cut by half. The previous halving took place in July 2016 and the next halving is expected to take place in May 2020. While the price of Bitcoin has been moving sideways without any major surge or fall, the community believes that the halving could...Read More
We’re almost in another halving year. The third Bitcoin halving is slated to be one of the biggest events since the inception of the cryptocurrency. Scheduled for 14, May 2020, the reduction of the block rewards is expected to lead to a price increase owing to the principles of supply and demand, but on the...Read More
Korean stablecoin, Terra saw a massive spike in volume yesterday, up 280% on the previous day. And, as a cryptocurrency that sells itself as a payment system, this may well hint at the burgeoning acceptance of crypto as money.Winter is here and ecommerce volumes are through the roof. @terra_money saw 11 BILLION KRT (korean won...Read More
Ethereum co-founder Vitalik Buterin recently posted an alternative proposal for an early transition to Ethereum 2.0 that “achieves the goal of getting rid of the PoW chain and moving everything onto the beacon chain on an accelerated schedule.” According to Buterin, this proposal will require stateless clients, but not stateless miners and web assembly, meaning...Read More
Since yesterday, Bitcoin’s price movement has been flowing downward in a series of waterfalls, with some sideways movement in between. The daily close yesterday being rejected at the two-year moving average at around $7529 caused Bitcoin to flip from being slightly bullish to majorly bearish, causing a flurry of liquidations on BitMEX Bitcoin longs. Source: BTCUSD...Read More
Not so long ago, crypto exchanges came under fire for allegedly facilitating wash trading and trade volume manipulation. Following Bitwise’s report about exchanges faking volumes, popular data site, CoinMarketCap faced backlash for reporting false volumes. TradingView’s General Manager, Pierce Crosby explained spoofing in the equities market is similar to creating fake volumes in the crypto...Read More
According to Vision Hill Group, a trend notably observed throughout 2019 has been the major shift of crypto-asset from a currency sentiment, towards utilization of tokens for financial applications and utility. Bitcoin‘s portrayal as a store-of-value has been one of the most popular narratives in 2019 as other assets such as Ether carved a different utility...Read More
While 2020 is just around the corner, everyone from the cryptocurrency industry has been speculating Bitcoin’s price movement for the next year. Former Wall Street trader and a prominent influencer in the industry, Tone Vays joined the bandwagon and went on to reveal what 2020 has in store for Bitcoin. Over the past few months,...Read More
A question that has been debated since the Dot.com bubble is the emergence of the online marketplace. One of the most publicized flameouts of the internet bubble was Pets.com, an online pet store. Soon after its IPO in 2000, that raised $82 million, the company ran out of money and joined the list of some...Read More
“Privacy is not something that I’m merely entitled to, it’s an absolute prerequisite” ~ Marlon Brando Privacy in itself is a spectrum; the meaning differs from one person to another. There are people who are absolutely fine with being completely surveilled on, there are people who are okay with partial surveillance, and there are also...Read More
Upbit, a South Korean exchange woke up to a major hack on 27 November, resulting in the loss of $51.7 million worth of Ethereum. Ever since the hack, many exchanges came forward to freeze the movement of the stolen funds; however, that has not stopped hackers from trying to move these funds to various unidentified...Read More
Ethereum Foundation officially announced that the network will be undergoing a scheduled upgrade on block number 9,200,000 for Muir Glacier. This upgrade which follows Istanbul is expected to be activated on the mainnet around January 01, 2020, at Block number 9,200,000 Ethereum Foundation’s tweet read, “[IMPORTANT] Upgrade your nodes for the Muir Glacier upgrade happening...Read More
Several analysts speculated that the sideways movement Bitcoin has been displaying was nothing but a mere set back; venture capitalist, Tim Draper, however, is bullish about the king coin as he reportedly said that the price of Bitcoin could go to a high of $250,000 in the next two years. Discussing the same, Fundstrat’s Tom...Read More
It’s almost the end of the year, and this end would also mean that Bitcoin would successfully be stepping into its 11th year of existence. Over the decade, the largest cryptocurrency has gone through the phase of being a digital currency that’s used by criminals to a currency that has been viewed as a store...Read More
DeFi ecosystem offers users bank like options including lending and borrowing platforms, payment platforms, derivatives platforms among several others. While most of the DeFi applications are built on the Ethereum blockchain, Ethereum seems to be making headway in the same. Ethereum not only seems to be taking a lead with regard to the applications in...Read More
Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several years. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...Read More
Last week the Cardano Foundation released Shelley’s Incentivized Testnet which was an entirely new software based on Jormungandr version8. CEO of IOHK, Cardano’s parent company, Charles Hoskinson shared a “brief update” with the community. While pointing out that every testnet would have some sort of issues, Hoskinson revealed that they came across several comments pertaining...Read More
As 2019 comes to an end, looking back at the year, the cryptocurrency industry has witnessed several developments in its ecosystem. However, the ones that stood out were the numerous regulations imposed on the industry. While prominent players of the industry have been abiding by these regulations, Poloniex seems to be moving against the conventional...Read More
Crypto asset manager Bitwise has written a letter to the U.S Securities and Exchange Commission (SEC), addressing the regulator’s concerns of market manipulation, which was cited as one of the reasons the SEC had rejected bitwise’s bitcoin exchange-traded fund ( ETF’s). Earlier in October, the SEC had cited concerns regarding market manipulation and surveillance sharing in...Read More
Antagonists are essential to the story. Perched on a revolving chair, running his hand through a sphynx cat’s bare skin, puffing down a half-finished cigar, is not quite how one would describe the congressman from California’s 30th congressional district, but that’s how the cryptocurrency industry sees Brad Sherman. A vocal opponent of the growing digital...Read More
