The cryptocurrency market shows no signs of slowing down so far in 2020. After charting one of the most impressive performances in January, Bitcoin continues its rally in the first week of February as well. In the past seven days, the cryptocurrency increased by about 5.5%, claiming essential resistance levels on the way up. Currently...Read More
Bitcoin Bitcoin saw a 5% price rise over the past 7 days of trading as the cryptocurrency rebounds from support at $9,145 to meet resistance at around $9,815. With the 30-day 21% bullish surge, Bitcoin can be expected to break $10,000 pretty soon. Other cryptocurrencies are outpacing Bitcoin. However, this does not mean it cannot...Read More
SFOX’s market report for this month showed that all major crypto-assets finished January with significant month-on-month gains — with some unexpected contenders like Bitcoin SV and Ethereum Classic rising by over 100%. While prices have been on the rise, coupled with substantial growth in offered institutional products and regulatory clarity, there are still several unknown...Read More
Crypto investors have their foot on the pedal as bitcoin and altcoins reach multi-month highs. | Image: shutterstock.com The crypto market cap peaked near $278 billion on Thursday, the highest since August. Bitcoin reached an intraday high of $9,856.43, its best level since September. Despite seeing impressive results, bitcoin is being outperformed by its lesser-known...Read More
Ethereum’s imminent switch to a Proof-of-Stake consensus algorithm has been picking up significant traction over the past year. The divide between Proof-of-Work and Proof-of-Stake assets has also been increasing lately with Proof-of-Stake assets continuing to promote mainnet launches. However, PoW assets had an upper hand in 2019. According to a recent report, Bitcoin remains the...Read More
There have been various factors and crypto trends over the past years, which have significantly impacted or contributed to the adoption, price changes, and development of new digital assets. We will be taking a look at the main crypto trends that may shape the market in 2020. Altcoin Extinction? During 2019, more than 2300 new...Read More
Bitcoin has marked yet another particularly turbulent day of trading, charting increases of up to 7% in the past 24 hours. This caused the cryptocurrency to spike to a new high for 2020, lining up the question if $10,000 is the next target. Bitcoin Price Skyrockets 7% On The Day If one thing is certain...Read More
In the latest issue of its weekly ‘State of the Network’ report, blockchain data analytics firm CoinMetrics explored market data over the past week and provided insights into Bitcoin and cryptocurrency market movements, as well as plausible explanations for the same. CoinMetrics used five cryptocurrencies in their sample set, of which all saw a 20%...Read More
Most of the altcoins are trading in the green over the past 24 hours. Bitcoin, on the other hand, remains somewhat stagnant at around $9,200. Consequently, BTC’s dominance dropped to 64.5%, which is the lowest it has been since July 2019. Altcoins Compared To Bitcoin. Source: coin360.com The sentiment within the community is shifting quickly,...Read More
Cardano has seen a lot of positive movement this year, with the ADA token recording significant gains in the first month of 2020 alone. However, this might not be the end of its glory days as some bullish movement looks plausible in the short to medium term. At the time of writing, ADA had a...Read More
The world of cryptocurrencies has been dictated to be a decentralized world. However, with the community wanting to extend the use case of crypto to a global level, a certain level of centralization is ought to set in. However, ETC Developer Donald McIntyre introduced the community to a principle of permissionless fallacy, an idea that...Read More
Blockchain solutions provider, Block.one, recently announced that it would be offering $200,000 to the individual, team, or organization that is able to complete its proposed challenge. The challenge entails creating an EOSIO smart contract capable of storing and invoking “Ethereum Virtual Machine (Solidity) smart contracts in an Ethereum-like environment.” According to the announcement post, the...Read More
The recent price increases in various altcoins have made their mark on the community. According to two recent surveys, traders have allocated serious portions of their portfolio in cryptocurrencies other than Bitcoin. Majority Believes In Altcoins A popular cryptocurrency analyst conducted a Twitter poll where he asked the community members how much they are involved...Read More
Malta-based crypto-exchange Binance is all set to roll-out perpetual contracts for privacy coin Zcash [ZEC]. The ZEC/USDT perpetual contract will go live on 5 February at 8:00 AM [UTC]. This is the third privacy coin to be listed for perpetual contracts in less than a week, the first being Monero. XMR/USDT began trading on 2...Read More
2019 recorded a slew of developments in the derivatives market. The size and accessibility of crypto-derivatives have prompted this space to post some staggering figures. According to the latest edition of Binance Research for the month of January, the volume on Binance Futures recorded an increase of 85% month-on-month, with $56 billion traded across its...Read More
The Bitcoin Cash [BCH] ecosystem’s development fund proposal has faced a lot of backlash recently. The most contentious part of the entire episode was the “no-debate” clause which stated that any miners who didn’t support the soft fork would risk having their blocks orphaned. While many crypto-proponents have criticized the way the proposal was put...Read More
Over the years, breaching attacks in the cryptocurrency industry has made headlines. Even established platforms had their security compromised at the hands of malicious attackers. But with the rising trend of hacks and compromises, there has been substantial development towards curbing these activities too. Kraken’s recent revelation of a vulnerability in Trezor hardware wallets posed...Read More
As technology advances, risks associated with it also increase. In this age when personal data is collected by social media and various other platforms at every step, none of it really remains private. In a recent talk, Diogo Monica, co-founder and the President of crypto security company Anchorage, talked about the use of crypto in...Read More
The second-largest cryptocurrency aka Ethereum [ETH] has pumped more than 7% in the last 4 hours or so. In terms of BTC, it has pumped by 4.25% making 1 ETH equivalent to 0.0202 BTC at press time. However, this rally is running on fumes and is bound to head lower in the upcoming day. Pumping...Read More
Binance, one of the world’s largest cryptocurrency exchanges, added Monero [XMR] to its Futures market. Binance Futures announced the launch of XMR/USDT perpetual contract today. This update comes just weeks after the exchange announced that Stellar Lumens [XLM] paired with USDT perpetual contracts would be supported on Binance Futures. In the announcement, the company stated...Read More
As network stability remained the focus for the Cardano ecosystem, Dimitris Poulopoulos, Project Manager for the Shelley Incentivised testnet addressed some key updates on its progress. This week the Cardano community saw the release of two versions of Jormungandr Node – 0.8.8 as well as 0.8.9. According to Poulopoulos, the 0.8.9 version was essentially made...Read More
David Burkett, the Grin++ developer who also acted as the lead dev working on the proposal to integrate MimbleWimble [MW] onto the Litecoin network, revealed some interesting details. The official blog published by the dev revealed that he found a way to support “non-interactive transactions” in MW. He stated, “The biggest news from January is...Read More
The rise of bitcoin and its increasing popularity along with its ability to dominate the cryptocurrency world has led to a barrage of altcoins. Among these King Coin aspirants, recent debates have revolved around the role of stablecoins and CBDCs regarding their pitfalls and innovations that they bring to the table. While bitcoin provided a...Read More
Bitcoin’s narrative has evolved over the years. A reason for this could be due to the increase of a plethora of innovative products. Take, for example, the futures, options, derivatives, etc, all of these in combination with institutional onboarding has caused Bitcoin to mature as an asset. According to Genesis Capital, a crypto lending firm,...Read More
Over the month of January 2020, the top assets have undergone continuous re-shuffling in terms of ranking, with Litecoin and EOS engaged in a close battle for the 7th position. At press time, Litecoin held a small lead of $10 million over EOS with a market cap of $3.98 billion. The silver counterpart for Bitcoin...Read More
Over the years the number of cryptocurrency wallets has been increasing; latest data from Blockchain.com revealed an exponential increase and by the last week of January 2020, the number of cryptocurrency wallet users increased to over 45 million. A sharp increase was noted in the second quarter of 2019 when the numbers shot above 40...Read More
Digital currencies are seeing greater adoption and a lot more clarity regarding their regulatory status’. However, for many traditional investors, the technological intricacies surrounding cryptocurrencies is still unchartered territory. A week ago, CEO of Euro Pacific Capital, Peter Schiff made the headlines within the crypto community when he took to Twitter to blame Bitcoin when...Read More
The leading fungible cryptocurrency – Monero – witnessed a major network upgrade in November 2019, with the network seeing a shift from the CryptoNight R algorithm to RandomX. The upgrade was a part of its constant effort to ward off application-specific integrated circuit mining [ASIC mining], thereby ensuring mining decentralizing by empowering CPU miners. Interestingly,...Read More
The last week of trading has undoubtedly been a successful one for Bitcoin and the entire cryptocurrency market. BTC’s price gained more than $1,100, charting an increase upwards of 13% in the past seven days alone. Despite the few ups and downs, the price seems to be comfortable above $9,400. Interestingly enough, Bitcoin is trading...Read More
Ripple’s XRP-powered cross-border payment solution, On-Demand Liquidity [ODL] has seen an exponential rise since last year. The XRP/PHP trading pair on the Manila-based exchange Coins.ph, which leverages Ripple’s ODL, created a new record. Liquidity Bot Index revealed that XRP/PHP hit an all-time high of 2.7 million XRP on 29th January. Its previous high stood close...Read More
