Bitcoin‘s recent price fluctuation has created a lot of anxiety among crypto investors and traders. Having started at around $7,000 at the start of the year, the top coin has swung wildly above and below $10,000. With Bitcoin’s halving around the corner, many in the crypto space expect Bitcoin to keep climbing up the ladder....Read More
Ethereum aka the World Computer’s migration to the Proof-of-Stake (PoS) from Proof-of-Work (PoW) chain is taking longer than previously anticipated. It’s obvious considering how huge the network has grown. However, the migration hasn’t been going swiftly; several EIPs have been proposed to improve this. Published 5 days ago, EIP 2515 is trying to squash the...Read More
The collective crypto-market was recording a market cap of $305 billion, with Bitcoin holding a dominance of 61%, at press time. With the king coin consolidating above $10,000, many of the market’s undervalued altcoins have gained much-anticipated momentum, movement that has gone on to pull down Bitcoin’s dominance to an eight-month low. Is the altcoin...Read More
Bitcoin’s insane 2020 uptrend has allowed the benchmark cryptocurrency to rally from lows of $6,800 to highs of $10,500. Although these gains are nothing to scoff at, this bullishness has spilled over into the altcoin markets, allowing some other cryptos to significantly outperform BTC. Some of the altcoins that have outperformed Bitcoin include Ethereum, Tezos,...Read More
The cryptocurrency index and beta fund provider, BitWise, recently published a report regarding how financial advisors look at digital assets. Partnering with numerous information sources on the matter, the company concludes that cryptocurrencies are becoming more attractive to advisors and their clients. Increased Interest For Cryptocurrencies BitWise and ETF Trends conducted the report by questioning...Read More
The collective digital asset market cap has registered a spike of 65.14 percent since 1 January. That is over $100 billion in less than 2 months, which is why a majority of the space is completely convinced by the bull-run bandwagon. Keeping some of the major crypto-assets aside, a few mid-cap cryptocurrencies are exhibiting significant...Read More
Discussions around Facebook‘s Libra seem to have dialed down a bit lately. However, all the attention that was once given to Libra seems to have extended to Central Bank Digital Currencies (CBDCs) now. A recent research report had revealed that at least 18 central banks are currently developing digital currencies. In fact, China’s central bank...Read More
Bitcoin’s price made yet another positive week of continuous gains. In the past seven days, BTC is up more than 4%, finally breaking above the essential technical and psychological resistance of $10,000. The price shot up to as much as $10,500 but failed to claim this level and retraced to where it currently trades at...Read More
Bitcoin Bitcoin saw a small 4.7% price increase over the past 7-days as the cryptocurrency finally managed to break above resistance at $9,815 to climb above $10,000. It has met slight resistance at around $10,430 and will need to break here to continue higher. If the bulls penetrate $10,430, higher resistance lies at $10,500 $10,707...Read More
Cryptocurrencies are popping in 2020. The entire market’s capitalization has once again touched $300 billion – something that was last seen six months ago. The interesting part is that it’s not just Bitcoin’s price that’s increasing this time – altcoins are exploding as well. Naturally, as it has always been the case, this drives more...Read More
Bitcoin has been performing extraordinarily well over the last six weeks, stealing the spotlight from many of the altcoins in the space. Even larger-cap altcoins like Ethereum and XRP saw impressive gains this year, steering attention away from a few unsung heroes like Hedera Hashgraph, Chainlink, and Huobi exchange’s native token, Huobi token. Source: HBAR/USD...Read More
Over the past week, major crypto-assets such as Ethereum, XRP, and Litecoin have registered significant growth rates of 27.78, 16.14 and 10.45 percent, respectively. Bitcoin has spiked by 5.32 percent as well, with its positive correlation with other crypto-assets reflecting in the market as well. Although the attention has been largely stolen by these major...Read More
One of the most popular and currently dominant football clubs – FC Barcelona, has joined forces with a cryptocurrency project. The partnership seeks to create a specific token which aims to increase the engagement of Barcelona’s fanbase. Barcelona To Launch Own Cryptocurrency According to an official press release, FC Barcelona, the captain of which is...Read More
Cryptocurrency regulations are taking a front-row in high-end governmental discussions. Steven Mnuchin, Secretary of the Treasury of the US, noted that FinCEN is working on introducing several new requirements to counter possible illegal financial activities. FinCEN To Apply New Requirements Yesterday, the U.S. Senate held a hearing to cover the 2012 budget. While addressing many...Read More
Back in the parabolic bull run in 2017, more often than not, a random cryptocurrency would skyrocket and increase by a staggering percentage. In a lot of the cases, however, this was based more on pump and dump schemes rather than on actual fundamental or technical indicators. Over the past couple of days, Futurocoin, which...Read More
When the concept of a stablecoin was first introduced, it took the cryptocurrency industry by storm. Trading moved faster, liquidity rose, and markets became more efficient. Further, the introduction of stablecoins enabled users to make cryptocurrency payments without the risk of volatility. Though stablecoins have changed the way crypto-markets work, a number of controversies surrounding...Read More
The exciting start of 2020, in terms of price action, has brought serious retail attention to the cryptocurrency market. Google Trends data shows that Bitcoin and altcoin searches are recording their highest levels since August of 2019. Bitcoin Price Drives Attention The largest digital asset began the year trading at $7,170. At the time of...Read More
The cryptocurrency market is the fastest-growing asset class of 2020. Can the trend continue? | Image: REUTERS/Dado Ruvic/Illustration Bitcoin’s price approaches $10,500 for the first time since early September. Twenty-nine of the 30 top cryptocurrencies reported gains Wednesday. The combined market cap of all coins crosses $300 billion for the first time in six months....Read More
The cryptocurrency market is growing at a notable rate since the beginning of 2020. Interestingly enough, the growth is across the board. Despite Bitcoin’s increasing price, its dominance continues to fade. This is a definitive sign that altcoins are claiming serious grounds as their prices continue to boom. Cryptocurrency Market Cap At 6-Month High It’s...Read More
Though Bitcoin is quite heavily misadvertised as an anonymous payment network, it is actually one of the more transparent crypto-networks to transact on. In the early days of cryptocurrency, when KYC and AML regulations weren’t as strict as they are now, it was easier to conduct Bitcoin transactions which couldn’t be traced back to criminal...Read More
As has been the case with almost all cryptocurrencies so far this year, Litecoin has made substantial gains over the last five weeks. Sporting a price tag of around $74 at the time of writing, Litecoin has a market capitalization of $4.72 billion according to CoinMarketCap. Litecoin 1-day chart Source: LTCUSD on TradingView At its...Read More
The digital asset trust company and security company, BitGo announced its expansion plans with new custodial entities in Switzerland and Germany. According to the official release of the Palo-Alto-headquartered firm, BitGo’s Swiss entity BitGo GmbH is a member of the Financial Services Standards Association [VQF], overseen by the Swiss Financial Market Supervisory Authority [FINMA] Its...Read More
China, with its central bank digital currency, dubbed, ‘DCEP‘ is advancing its development toward replacing coins, banknotes, and other money equivalents. China had recently implemented a law on January 1st, 2020 that aimed to govern password management, as part of its plans for DCEP’s release. While rumors regarding the development of a Chinese CBDC gained traction...Read More
Litecoin and other altcoins are certainly experiencing an altcoin rally, however, it’d be premature to call this an ‘alt season’. As for Litecoin [LTC], it has surged by a whopping 105% in just 37 days, pushing its price from $38 to $78. The market cap of Litecoin has doubled from $2.5 billion to $5 billion....Read More
Earlier this month on Twitter, Ethereum co-founder Vitalik Buterin posed the question of whether transactions using CBDCs, such as the one recently proposed by China, would be cryptographically provable. Important tech question about these CBDCs that are starting to pop up (CC @mg0314a): will transactions be cryptographically provable? That is, if I send you...Read More
Cardano has been taking leaps and bounds with respect to developments on its network. From establishing many strategic partnerships at Davos WEF 2020 to opening up new avenues in a bid to bring about commercialization in the ecosystem, Cardano is on a roll. As revealed by IOHK CEO and Co-founder Charles Hoskinson in an interview...Read More
Over the past few days, Ethereum has been one of the top-performing crypto-assets in the industry. The token recently breached the $200 mark and since 5 February, the crypto-asset has surged by over 20 percent. Bitcoin recorded a hike of 7.75 percent over the same time period. At press time, Ethereum was priced at $225.30...Read More
The Cardano ecosystem has been focused on maintaining and enhancing the Shelley Incentivized Testnet. The progress made in terms of the ITN has been substantial. Communications Director at IOHK, Tim Harrison, recently compiled the latest ITN stats, revealing that Cardano has reached 1,046 number of registered stake pools out of which 87.2% are registered by...Read More
The competitive drive between Ethereum, EOS, and Tron over decentralized applications or DApps continued to escalate in 2020. Justin Sun’s Tron was able to surpass EOS DApps for the first time last month, however, it continued to lag behind Ethereum’s dominance. In terms of popularity as well, Ethereum‘s DeFi sector grabbed all the attention as...Read More
January’s bullish sentiment has managed to permeate February as well with the market’s major crypto-assets registering a positive 1st week. Bitcoin registered another hike of 5.13 percent and the world’s largest crypto-asset breached its key resistance at $9700 on 5 February. However, the altcoins managed to rally better than BTC over the same time period....Read More
