Funds from the recent theft from the Upbit exchange are on the move, according to a Whale Alert tweet. A transaction of 2,000 Ethereum shows that the hacker keeps trying to obfuscate the whereabouts of the funds. Ethereum Taken from Upbit Moved to Multiple Smaller Wallets The Upbit hack at the end of November took...Read More
The Cyprus Securities and Exchange Commission (CySEC) has blacklisted four FX brands, for unauthorised trading of FX and crypto. According to reports, the brands misleadingly claimed affiliation with Bdswiss Holding, which is licensed and regulated in the country. CySEC Clamps Down On Unauthorised Brokers The latest entities to be added to CySEC’s caution list are Nervic Fx...Read More
After a few days of trading sideways, Bitcoin’s price appears to be headed north. It was trading at around $7,100, and it surged to over $7,650 on Bitstamp before retracing slightly to the current level of approximately $7,500. Bitcoin marks a 4.6% increase at the moment. The interesting thing is that BTC’s dominance is also...Read More
Staking seems to be doing rounds in the cryptocurrency industry and the CZ led platform rolled out Binance Staking back in September. The platform started off staking services for just Algorand’s ALGO and Stellar’s XLM; the platform has witnessed the addition of several other currencies ever since. More recently, Binance’s research platform shared a post...Read More
Investors have long been awaiting another 2017-esque bull run that shakes up the standing of the top cryptocurrencies and possibly leads some smaller altcoins to see meteoric gains that propel them up to the top of the markets.This rally has not happened, however, and as the crypto markets face a prolonged bear market many of...Read More
One of the heated topics in the cryptocurrency, regulatory, and the fintech space has been Facebook’s footprint in the digital asset ecosystem with the unveiling of Libra. This venture is viewed as a positive sign for the growth of the cryptocurrency market altogether by some, whereas criticized by many. The criticism was not much of...Read More
Logarithmic scale analysis of the entire bitcoin and crypto market, based on data from the past decade, point to the potential for the sum of all digital assets to reach a valuation of $11 trillion by 2023. Logarithmic Analysis Predicts New Altcoin Bull Run, Bubble in Coming Years Benjamin Cowen, who has dedicated previous analysis...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
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
One of the drawbacks the U.S regulators have constantly faced in the cryptocurrency space is the lack of regulation that was put forth, and, notably, this has been cited as one of the reasons that has stifled the growth of the market in that region. In response to this, several proposals have been made to...Read More
With XRP dipping below $0.20, it has been a tough time for bag holders to bear as this is the second time XRP has dipped below the $0.20 point in a month. Even as Ripple, the company closely affiliated with XRP, makes headway into the payment industry, the price of XRP seems to facing troubled...Read More
Unlike traditional fiat and bank accounts, cryptocurrencies provide privacy and censorship-resistance to a certain extent. But the fact that there have been many instances when cryptocurrencies were confiscated by regulatory authorities paints a picture that the government can get users’ money even if it’s crypto-money. In recent news, the US government revealed using the popular...Read More
Iranian President, Hassan Rouhani, has suggested a unified Muslim crypto asset in talks with the Malaysian Prime Minister and Turkish President during the Kuala Lumpur Summit 2019. Rouhani said that the move would strengthen cooperation amongst Muslim nations and enhance resistance to financial shocks and manipulation by the US. Unified Muslim Crypto Well-Received Malaysian Prime...Read More
The Bahrain-based crypto exchange, ‘Rain’ announced recently on Twitter that they had received a license from the Central Bank of Bahrain. This will allow the exchange to accept local currencies in and around Bahrain like Saudi Arabia, the United Arab Emirates, Kuwait, Oman, etc. Our mission is to bring cryptocurrency to the Middle East. We...Read More
The dollar price of Ripple’s token XRP has remained relatively flat, with a long-time gradual slide for all of 2019. But the story about price action may be hidden in another pair, XRP/BTC. XRP Closes In on Crucial Level Against BTC XRP may be nearing another crossroad level, though not expressed in terms of dollar...Read More
2019 has been nothing less of a rollercoaster ride for the cryptocurrency industry and the uncertain regulatory climate in the US backs the statement. Crypto enthusiasts across the world are now skeptical of what to expect moving into 2020. Blockchain Association’s executive director Kristin Smith is of the opinion that while drastic regulation might not...Read More
When we talk about technological advancement or the financial landscape, China is a nation that remains omnipresent in the discussion. 2019 has been an eventful year for cryptocurrency and blockchain, and China’s involvement did not go unnoticed in the industry. Earlier this year, Xi Jinping, China‘s president vocally conveyed support for the blockchain technology but...Read More
Despite regulatory uncertainty, the developers of Facebook’s Libra project continue forward. Recently, the Libra team released its second Roadmap, with points preparing for mainnet launch. Facebook’s Libra, which still has no hard and fast dates for an actual launch, continues to build up its community. A recent blog post by its developers suggest the project...Read More
South Korea’s leading telecom company, KT is all set to launch its digital currency called Dongbaek Currency. According to reports from a local publication, the blockchain-powered “local currency” will be rolled out in the city of Busan on 30th December. This initiative aims to strengthen Busan’s local economy and to help small stores and merchants. However,...Read More
The Ethereum platform is streets ahead of its competition in terms of dApps and developers according to recent research. Ethereum User Base Growing A recent industry review from DappRadar paints a rosier picture for the Ethereum ecosystem than its current bearish price reflects. The decentralized application metrics firm released its first end of year industry...Read More
Back in October, several prominent exchanges of the cryptocurrency industry like Coinbase, Kraken, Bittrex, and Poloniex collaborated with Genesis Trading, Grayscale, DRW trading, and Anchorage to form the Crypto Rating Council. The venture was set up to rate cryptocurrencies and suggested that XRP uses “securities-like language,” while Bitcoin and Litecoin don’t. Months after being rolled...Read More
Stablecoins have shaped the fabric of how cryptocurrency transactions happen. The idea behind a stablecoin might have arisen out of necessity, to have an easier way to access cryptocurrencies. However, it has since radically morphed and evolved, while still addressing the initial needs. Even though there were multiple stablecoins before Tether, it now holds the...Read More
Concealed crypto mining – using infected computers to produce hashes for specific types of coins – is using more ingenious methods to hide from operating systems. The latest exploit involves an infected image of Taylor Swift. Sophos Labs Discovers Botnet in Taylor Swift JPEG Analysis by Sophos Labs, a digital security firm, shows hackers are...Read More
The cryptocurrency market went through a turbulent week, as the price of all major digital assets went on a rollercoaster. One thing, however, is making an impression and it’s the fact that Bitcoin is once again claiming the majority of the market share as its dominance spikes up notably. Bitcoin Dominance At 68.3% BTC dominance...Read More
A recent “whale” transaction of 789,525 Ethereum (ETH) was claimed to belong to the wallets of the PlusToken scam. The exact holdings of ETH for the scheme are unknown, but this tranche alone is worth $105 million. PlusToken Still Holds onto Part of BTC, ETH Haul PlusToken, despite the law enforcement crackdown against the team,...Read More
The state of the blockchain space in November shows long-running trends establishing themselves. Bitcoin (BTC) was still the leader in multiple metrics, and China was the focus as activity flowed to local markets, shows the latest Longhash report. China Emerges as Leader in Trading Activity November’s Blockchain Data Report focused on China, basing its conclusions...Read More
Another underwhelming period of performance took over the crypto-industry this past week. Bitcoin‘s price was significantly below $7000 at press time, whereas Ethereum‘s value was edging close to its year-to-date low with a price of $123.27. Another token that witnessed a similar fall over the last 24 hours was Tezos. However, over the last one...Read More
The cryptocurrency market noted a stable decline in prices over the past week. While Bitcoin [BTC] fell by almost 10%, Ethereum [ETH] fell by 18.17%. The king coin recorded a 24-hour trading volume of $25.01 billion, with its market cap hovering around the $121 billion mark, at press time. Source: CoinStats XRP was one of...Read More
New research discovered that running a full node is time-consuming and requires extensive computational resources. The observation shows that for XRP, EOS and Binance Chain networks in particular, a full blockchain audit requires days of computation and dedicated machines. Distributed Ledgers Prove Difficult to Audit The promise that a distributed ledger can be easily kept...Read More
