Binance, one of the world’s largest cryptocurrency exchanges, has entered into a strategic partnership with Paxful, a peer-to-peer Bitcoin platform, to improve accessibility to digital assets across the globe. The Changpeng Zhao-led exchange has been extremely active in its quest to increase crypto-adoption and facilitate better liquidity in the industry. The present development is yet...Read More
BitMEX, the world’s largest exchange in terms of reported volume, has announced its support for Bech32 address format. Users will now be able to withdraw Bitcoin via the native SegWit format. The exchange announced, “As of today, BitMEX is delighted to announce that customers can withdraw to all three address formats.” At press time, BitMEX...Read More
BC: With over 2 million users in 170 countries, the BRD wallet is well-trusted for its open source, non-custodial and secure design, with many also complimenting the user-friendly interface. Is the key to onboarding in your opinion a combo of privacy and ease of use? AT: Nearly 3 million users now. The key to successful...Read More
Italy, one of the world’s largest economies, has faced plenty of financial challenges in the past decade. That’s probably one of the reasons why cryptocurrencies have been faring better there than in other European countries. Italians love cash but are also warming up to its decentralized digital alternative. The number of businesses accepting crypto payments...Read More
American businessman and investor Mark Cuban believes that Bitcoin has “no chance” of becoming a reliable currency. Amongst other criticisms, the billionaire believes the digital asset is too difficult to use for the average person.Naturally, Bitcoin’s staunchest proponents disagree. Some have said that Cuban sounds like a critic of the early internet. Others have offered...Read More
Most millennials are burdened with student loans or debts. However, most millennials are also working towards achieving financial independence. Like many, even I’m working my way towards financial independence while trying to juggle my work and social life. Recently, I penned an article titled ‘How many Bitcoins should you own to stay a millionaire?‘ and...Read More
Conceived as an alternative to traditional financial and banking solutions, cryptocurrencies have come a long way. However, despite mainstream recognition, there remain many, both in governments and mainstream financial institutions, who are still skeptical about the utility of these digital assets. Nigeria, one of Africa’s most powerful and fastest-growing economies, presents such a curious case....Read More
The Malta-based spot and futures digital asset exchange, OKEx announced on 9 December that it will be adding cryptocurrency options. The service will be available on the platform from 27 December with a simulation beginning on 12 December. With options trading, OKEx will become the first crypto exchange to offer C2C, spot, futures, perpetual swap,...Read More
Weiss Ratings has downgraded EOS once again, taking its ranking from a B to a C-. The group cites “failure to decentralize,” “misallocation of resources,” and a congested network as reasons for the fall in rank. “Weiss Crypto Ratings model is not based on opinion. It’s driven by data,” the group claims. In this article...Read More
Last month, MakerDAO rolled out its Multi-Collateral DAI [MCD] which is supported not just by Ethereum but also Brave’s Basic Attention Token [BAT], as opposed to its Single-Collateral DAI [SAI] which restricted its support to Ethereum alone. While this seems to be successful as the total DAI in circulation surpassed 50 million, the possibility of...Read More
Bitcoin’s price collapse creates opportunity to buy more BTC, but how much? When AngeloBTC, BitMEX‘s ex-top trader tweeted that Bitcoin would dip into the $6,000 zone on October 15, most of the traders were skeptical and asked him to delete the tweet, stemming from disbelief that BTC wouldn’t dive that deep. 38 days later, BTC...Read More
Benefitting from innovation in the maturing cryptocurrency ecosystem, decentralized exchanges or DEXs have become the next big wave that has exhibited positive figures over time. 2019 was indeed the year of DEXs. Decentralized financial services or DeFi has been touted as a potential growth catalyst for DEX. Most DeFi services rely on decentralized exchanges for...Read More
While the perception of cryptocurrencies has changed for the better since the crackdown of Silk Road, the outlook on privacy-enhancing cryptocurrencies has not seen much change. Governments continue to tread cautiously towards them compared to Bitcoin and Ethereum. The wariness has impacted the growth of fungible cryptocurrencies such as Monero as more and more centralized exchanges...Read More
Over the past few months, Ethereum community had been gearing up for its eighth network update, Istanbul. Earlier today, Istanbul went live on the network at block number 9,069,000. Several developers of the Ethereum network along with Vitalik Buterin live-streamed the “Istanbul Upgrade Countdown Party!” Buterin revealed that the fork block was mined by SparkPool....Read More
Can cryptocurrencies ever replace fiat? This has been a subject of debate for many years now. According to Deutsche Bank’s latest study, the answer could be yes. Deutsche Bank’s analyst Jim Reid’s new study, titled ‘Imagine 2030‘, stated that Bitcoin and other cryptocurrencies could eventually replace the established Fiat currency system by 2030. “Overcoming regulatory...Read More
Bitcoin and other cryptocurrencies emerged as a reaction to the inefficient traditional financial system and a growing crisis of confidence in these systems. Bitcoin has been used as an “escape valve” in countries with oppressive regimes like Venezuela and Zimbabwe and more than a decade since the creation of the Bitcoin genesis block, it can...Read More
Transactions executing on Ripple’s On-Demand Liquidity [ODL] platform, previously known as xRapid, is on the rise. The fourth quarter continued to exhibit positive metrics for the XRP ecosystem despite the market’s bearish price momentum. In the latest development, XRP enthusiast, H_M_X revealed that transactions on the MXN corridor amounted to over $100 million out of...Read More
Ethereum-based decentralized exchange, Uniswap has been one of the few projects in the Ethereum ecosystem that has been making constant developments. Even Vitalik Buterin chose the platform as one of the top three dApps making headway in terms of adoption. Buterin had stated, “I mean in terms of things that people are using, Maker, Augur,...Read More
BDCenter Digital Insights recently published its ‘Crypto Exchanges’ report, which covered the occurrence of cryptocurrency exchange names in specialized media outlets over the world. By analyzing the headlines of 2,500 resources on these crypto exchanges, forex investments, and businesses, the report discussed the most mentioned exchanges in the news, and which media outlets have the...Read More
2019 is coming to an end and the Bitcoin Cash (BCH) ecosystem has matured a great deal. BCH has successfully upgraded twice this year, adding Schnorr signatures capabilities and most transactions on the BCH network are now non-malleable. Moreover, BCH has seen increased adoption this year, an SLP token explosion, a slew of helpful third-party...Read More
China is setting the wheels in motion to reduce the dominance of the US dollar. According to a recent report, it was revealed the Asian country was looking to amplify usage of its native fiat currency yuan over the US dollar in the digital asset industry. US dollar had a major dominance over the global...Read More
2019 has seen large-scale blockchain adoption. With China trying to beat the world to its central bank-backed digital currency, the United Arab Emirates [UAE] too, has begun drafting regulations. According to reports, UAE has been preparing for a rapid expansion in light of increasing demand for cryptocurrencies. According to Google trends, the terms with an...Read More
Indian economy is going through a rough phase and the unemployment rate is at 45-year high while its yearly growth rate is taking a back seat. From being one of the fastest-growing economies in the world to the present situation where economists are concerned if immediate measures are not put in place, India might see...Read More
Considering the ongoing participation of government organizations in building private crypto assets, a recently published research paper details on the use of “private digital currencies” and its implications on the current society. Although Facebook’s Libra initiative witnessed a red flag from the U.S. government, numerous countries have begun experimenting with in-house options for evading the...Read More
For quite some time now, Venezuela has been suffering from a political crisis and a collapsing economy. Venezuelans dealing with rampant inflation continue to see their purchasing power decline. After witnessing one of the worst economic disasters in modern history, 4 million citizens have emigrated to seek a better form of money, shelter, and to...Read More
In an industry where innovation is status quo, crypto exchanges have taken the lead in terms of delivering new tokens and creating newer gateways into the crypto ecosystem. One such leading establishment, Gemini announced the launch of Gemini Clearing™, which allows trades that are negotiated off-exchange or OTC to settle between Gemini accounts. Gemini co-founder...Read More
Stablecoin was crypto community’s answer to Bitcoin’s volatile market conditions, which managed to deliver some sense of stability within the ecosystem. The first and most controversial token in this space, Tether, has caught unwanted attention as one the company’s co-founders, William Quigley, mentioned something controversial. The information was highlighted on Twitter by @lisaabramowicz1, who tweeted,...Read More
The crypto ecosystem has successfully leveraged a partnership-driven approach to gain mainstream attention, with exchanges such as Coinbase and Binance primarily fueling the initiatives. Moreover, Coinbase seems to have taken the lead in this regard, as the decentralized applications company Offchain Labs announced investment from Coinbase Ventures, the investment arm of Coinbase. Ed Felten, Co-Founder...Read More
The Bitcoin Cash City conference in North Queensland has just wrapped up, and participants are now unwinding after two consecutive days of presentations, product demos, free gifts, and plenty of food. Tomorrow, September 6, there will be a special workshop for developers, and then the conference proper will end and it’s on to next year’s...Read More
China’s link with cryptocurrency is not only limited to government initiatives but also the local users that still dominate the Bitcoin mining landscape. Primitive Ventures’ Dovey Wan, who also holds deep understanding of China’s financial market, recently claimed the aforementioned reason as the primary factor for China’s sizable local crypto supply. She also added, “Probably...Read More
