According to data from BitInfoCharts, mining profitability on the Monero blockchain has plummeted to new lows, showing returns that are lower than even those recorded between February and March, earlier this year. The chart also showed that profitability has been dropping since late June, marking an almost 87.4% drop in profitability since. This drop in...Read More
For most people, buying cryptocurrencies is just a click away; there are multiple options, credit cards, debit cards, and CashApp. However, even with a number of on-ramp options, the go-to option most people choose is buying a stablecoin. Why? Simply due to the fact that they are stable and are backed by assets with mild...Read More
After seeing a huge fall in valuation in 2018, the cryptocurrency market has nearly tripled in valuation this year. Major tech companies around the world have explored the possibility of using cryptocurrencies to improve and secure their transactions. Cryptocurrency also finds its applications in the gambling industry and it can be used by Omnia UK...Read More
“We are not a regulated entity because we are… And I don’t think the network layer should ever be regulated,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. Both Ripple and Stellar have explored ways to make cross-border payments easier. While the former has repeatedly called for an international framework for...Read More
The Matic Network’s MATIC token broke Crypto-Twitter recently after its price plummeted by about 70.75% in just three hours. Following the same, a lot of people suspected foul play, with the founder of a cryptocurrency evaluation platform, Validity, Samuel JJ Gosling, alleging that the platform had sent over 1.5 billion tokens worth $70 million MATIC...Read More
The decision of Circle, Inc. to spin off the Poloniex business and abandon the US market has led to an exodus of deposits from the market’s wallets. BTC and ETH Left the Exchange’s Wallets After Circle Acquisition The Bitcoin (BTC) and Ethereum (ETH) wallets of the Poloniex exchange were quickly emptied as traders moved their...Read More
Crypto exchange giant Binance is currently looking to expand its token trading pair listings for its US platform by as many as 18 new cryptocurrencies. Tron and Tezos On Binance Radar for US Crypto Exchange In a blog post published on Tuesday (December 11, 2019), Binance.US, the American arm of Binance announced that it was...Read More
German FinTech banking provider, solarisBank, today announced the launch of a new custodial platform for digital assets. As with the company’s digital banking products, the platform is API-accessible, and integrates into its partner’s own websites and apps. Fully Licenced Digital Asset Solution The new platform is run as a subsidiary of solarisBank, called solaris Digital Assets GmbH....Read More
Most of the cryptocurrency market has been trading in the red over the last 24 hours. However, altcoins are seemingly making a slight recovery when looking at the bigger picture, as Bitcoin’s dominance loses 1%. Bitcoin’s price has been ranging between $7,400 and &7,600 in the last few days, but yesterday it marked a slow...Read More
Ethereum’s annual gathering, Devcon, announced the launch of MakerDao‘s MCD back in October. Since its launch on 18 November, the Maker Foundation’s newly collateralized asset has been at the end of some criticism from some quarters. Coinmonks, a crypto-educational platform, recently highlighted the Foundation’s governance system which allowed MKR token holders to be the deciding...Read More
Verge (XVG) is backtracking, erasing more than 15% of its price on Tuesday. XVG fell to $0.004, moving away from a recent spike. The Verge market price sank significantly on Tuesday, despite the still expected scheduled hard fork. The asset sank after a week of hiking higher, moving up by as much as 30% on...Read More
The altcoin market sheds more than $2 billion in value on Tuesday. Bitcoin price approaches $7,200 on major exchanges. Volatile trading conditions follow a surprise announcement by Huobi Group that its U.S. operations are closing. Bitcoin’s gravitational pull on the wider cryptocurrency market was evident on Tuesday, as altcoins lost billions in collective value. There...Read More
The Matic Network (MATIC) token went through a crisis, erasing more than 50% of its price in the past day, to drop to $0.02. The price crash, however, follows a period of wild appreciation on a parabolic trend, as MATIC more than tripled its price and moved to a record above $0.04. Fears of Team...Read More
The reason the majority of the cryptocurrency market has under-performed this year is lack of liquidity. Add margin trading to that and the potential of massive cascades in price arises as holders of the altcoin MATIC have just found out.Cryptocurrency Collapse: MATIC Dumps 70%A few hours ago MATIC dumped a whopping 70% in a matter...Read More
Despite a volatile year in terms of price activity, Bitcoin was up by 96 percent in 2019. On the other hand, the rest of the altcoin market did not record a similar trajectory. Dash, a digital asset that was worth around $75 at the start of the year, is one such crypto-asset. At press time,...Read More
The cryptocurrency industry has immensely grown in terms of popularity over the years, along with which the regulations surrounding the same have also witnessed a change. Regulators from all around the world have been either regulating cryptocurrencies or completely banning them, while a few others are still in the process of figuring out how to...Read More
Litecoin has been trading close to its support point and despite minor surges, the silver crypto failed to post impressive rallies after August this year. Litecoin has been trading at $46.09 after posting 0.21% gains over the last 24-hours. At press time, the coin recorded a market cap of $2.94 billion and 24-hour trading volume...Read More
Monero recently upgraded its network, keeping in line with its constant efforts to steer clear of ASIC centralization. One of the major network upgrades included the shift of the mining algorithm from CryptoNightR to RandomX. The new algorithm not only puts ASIC miners at a disadvantage but also limits GPU mining to an extent. The...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
Internal Revenue Services [IRS] released a 2019 criminal investigation report celebrating its 100 years of law enforcement. The report entailed the fight against criminals using advanced technologies to evade taxes and commit other crimes. The report specifically mentioned the success it has had over the past year in curbing and apprehending criminals who used cryptocurrencies....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
The Weiss Crypto Ratings chart saw EOS slide down the ranks. Weiss downgraded the project, pointing centralization as the chief reason. Weiss Moved EOS Down Straight to C- Weiss Ratings downgraded EOS from B to C-, despite the favorable estimations in the past. The chief reason was the influence of big token holders, which could...Read More
The long-awaited Ethereum Istanbul hard fork will take place at 12 AM GMT on December 8. Once again, most ETH nodes are waiting until the last moment to upgrade. Ethereum Nodes Wait to Upgrade Until Last Moment Based on Ethernodes, the percentage of nodes that had not upgraded with the Istanbul version was pegged at...Read More
The largest privacy-oriented cryptocurrency, Monero, recently upgraded its network in order to make the network ASIC-resistant. Prior to this upgrade, the network used to see a constant algorithm update to ward off ASIC miners; however, the recent change from CryptoNightR to RandomX promises to keep the network ASIC resistant for a much longer duration. Along with...Read More
EOS, the seventh-largest cryptocurrency on the market has seen its ratings downgraded to “C” by the crypto rankings company, Weiss Crypto Ratings. In a tweet, published on December 6, Weiss stated that the Block.one cryptocurrency has seen a “Failure to decentralize,” and hence it has been handed this setback. Their tweet read, 1/6 We’ve had...Read More
Litecoin (LTC) has a limited potential, and will most probably fail to fulfill its promise of being silver to Bitcoin’s gold. Recent points made by entrepreneur and blogger Sylvain Saurel show that LTC has lost its momentum and is becoming irrelevant. Litecoin Rode on the Back of Bitcoin’s Rally Litecoin caught the price momentum at...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
Litecoin noted a sharp fall on 15 November, a fall that caused its price to fall from $59.97 to $55.63. This 7.24% fall was followed by the price of the coin climbing up. However, it fell soon after the rise. The price of Litecoin at the time of writing hovered at around $58.07 with a...Read More
Litecoin noted a sharp fall on 15 November, a fall that caused its price to fall from $59.97 to $55.63. This 7.24% fall was followed by the price of the coin climbing up. However, it fell soon after the rise. The price of Litecoin at the time of writing hovered at around $58.07 with a...Read More
Coinbase recently released a blog post on Proof-of-Work titled ‘How Coinbase views proof of work security.’ However, this blog post failed to appease the Monero community, with some of its proponents highlighting the lack of research done about the privacy-enhancing cryptocurrency. This was in light of the fact that the post had a case study...Read More
