China has reportedly published a second printing of its textbook guide on blockchain and cryptocurrencies. It educates readers about their future usage and potential impact on the world. While teaching about the former is more easily accepted, the latter might come as a surprise since crypto trading has been banned for years in the country....Read More
After the launch of the incentivized testnet, the IOHK and the Cardano ecosystem has been ramping up its tech and is currently focused on network and stability improvements. In line with this, the CEO of IOHK, Charles Hoskinson revealed that the Rust team is all set to deliver a network patch for the ITN in...Read More
More than half of the total circulating of 63,842,239 LTC has not moved in more than a year now, i.e 40 million LTC have remained dormant which amounts to nearly $2.036 billion, at press time. This was pointed out by Franklyn Richards, Litecoin Foundation Director, who stated that a majority of these Litecoin appears to...Read More
The leading crypto-asset management firm, Grayscale Investments registered a total of $2.2 billion in Assets Under Management [AUM] on 10th January 2019. Its official tweet read, “01/10/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $2.2 billion” According to the investment firm’s latest update,...Read More
In the crypto ecosystem, things change fast. Even though we may make predictions of different cryptocurrencies, some of the metrics that seem essential today may suddenly change in a matter of months. Nonetheless, as we enter a new decade, we’ll look at some important happenings that will likely shape the market in 2020. Given that...Read More
Cryptocurrencies are any digital currency with no central issuing, regulating authority, one that exists only on a decentralized ledger called blockchain. Sounds clear enough, right? Well, not quite, if you consider how differently they are treated by tax agencies around the world. Nothing is better evidence of the global crypto-confusion than an examination of how...Read More
On the latest episode of the Unconfirmed podcast, host Laura Shin spoke to Nate Maddrey, senior research analyst at CoinMetrics, a Bitcoin and crypto-asset data analytics firm. During their conversation, Maddrey mentioned how 2019 had been a big year for stablecoins overall, and that Tether is still, by far, the most dominant stablecoin in terms...Read More
The participation of new entrants in the industry has kept the space interesting for speculative trading. FTX has been making headway for a while; especially with the launch of Bitcoin Option tradings. The move to launch Options trading was announced by the CEO of the exchange, Sam Bankman-Fried on January 12, via Twitter. Options launching...Read More
The whole cryptocurrency market has been somewhat volatile over the last several days. Bitcoin, for example, is almost invariably on the move. Friday, it went down to $7,666 on Bitstamp and yesterday surged to nearly $8,300. At the time of this writing, it has calmed to around $8,100. Taking a look at the technical aspects,...Read More
Ethereum Classic’s Agharta protocol upgrade went live on the Mainnet on 12th January 2020. The planned hard fork went live on block 9,573,000. Prior to this, its test networks – Morden, Mordor, and Kotti were successfully implemented. ETC’s Agharta essentially added the ETH Constantinople opcodes to ETC mainnet. The proposed changes for Ethereum Classic’s Agharta...Read More
With all eyes fixed on Bitcoin‘s valuation at the moment, the lesser-known assets with medium-range market caps were seen performing better than the large market cap assets. According to Arcane Research, the best performing tokens over the past week has been outside the major altcoins with only Monero and Bitcoin SV making the cut from...Read More
Is Bitcoin priced-in for halving? The debate on this is heating up since halving is right around the corner [~122 days]. With the price of Bitcoin hovering in the sub-$8,000 regions, some say Bitcoin miners are not profiting. However, others say this is caused by Chinese miners trying to force the U.S. miners out. Bitcoin...Read More
“I am not a real believer in sort of the cryptocurrency world”, said the former Goldman Sachs President and former NEC Director Gary Cohn. The underlying technology, i.e the blockchain tech, however, is often touted as the ‘next big thing’ and has already been deployed in businesses and institutions globally. While Cohn does not believe...Read More
The silver to Bitcoin’s gold, Litecoin, has had a rather tough time since its halving. The price of Litecoin has reduced by a massive 70% since its last peak in 2019. The coin trades at $45 and has a market cap of $2.82 billion, just below Bitcoin Cash and above, EOS. At press time, however,...Read More
Blockchain-based smart contract protocol, EOSIO announced an update of its version 2.0 which was released last year. According to the latest blog post, EOSIO Version 2.0 release has been updated to a more stable version with security, stability, and other miscellaneous fixes. The released notes on GitHub stated, “These protocol upgrades necessitate a change to...Read More
Ethereum, Tron, and EOS mainnets have continued to lead the DApp space. In the December 2019 edition, DAppReview stated, “At present, these three major public chains have accounted for more than 98.65% share of the total transaction volume of the dapp market, forming the ‘Big Three’ in dapp space.” Source: DAppReview Ethereum still remains the...Read More
XRP, the third-largest crypto has had its downs more than ups; things have started to change for XRP, but the future looks slightly less gloomy. Especially with a tiny surge on the horizon. 4-Hour Chart Source: XRP/USD TradingView XRP’price successfully completed a reversal pattern [triple bottom] and surged by 15% reaching $0.22. This pump for...Read More
Ethereum Classic’s network update Agharta has been scheduled to take place on 12 January and it has been receiving support from various exchanges, clients, mining pools, etc. Binance announced its support for Agharta on 10 January 2020. The exchange announced: “Binance will support the upcoming ETC Agharta Network Upgrade. Deposits and withdrawals of ETC will...Read More
The world of cryptocurrencies is often talked about in the context of future developments, which is why Bitcoin mining has been largely spoken of in the background of the upcoming halving. However, altcoin mining has been fairly unnoticed. Unlike Bitcoin mining, altcoin mining is considered more complex. Thus, it is still at a relatively nascent...Read More
One of the major drawbacks with regards to the crypto-industry is the lack of substantial data over a long period of time. The industry is still considered to be at its nascent stage as constructive long-term data associated with major altcoins is still not available. During a recent interview, Joshua Frank, CEO and Co-Founder of...Read More
In its most recent ‘Crypto Outlook’ report, Bloomberg Intelligence’s Senior Commodity Strategist, Mike McGlone, spoke about Bitcoin, Tether (USDT), their adoption and possible outcomes in 2020. According to the report, USDT and Bitcoin have been the most important crypto-assets to have succeeded since 2017, with the report adding that these are expected to gain in...Read More
Over the past 3 days, Bitcoin has witnessed a surge of 12.3 percent, a development that took its price valuation above the $8000 mark. However, the first week of January was found to be more bullish for altcoins, than the king coin. According to Coinmetrics, major altcoins like Ethereum, XRP, and Litecoin registered negligible growth...Read More
Ethereum Classic’s next network upgrade, Agharta, is around the corner and the foundation has asked its node operators to update their nodes before 12 January, scheduled for the deployment of the updated protocol. The announcement was made on 8 January and warned users about the nature of the upgrade, stating, “Node operators must update their nodes...Read More
The rate of issuance and a consistent supply of coins or tokens is imperative to the maintenance of any digital asset’s economic value. As every blockchain has its own process of issuing new coins, concerns about inflation arise when new supply is issued and it decreases the value of the rest of the supply, unless...Read More
Binance has been on an announcement spree for the last few days. It recently announced the launch of XRP/USDT Futures Contracts, along with its extension of perpetual swaps for five major cryptocurrencies – Bitcoin, Ethereum, Bitcoin Cash, XRP, and EOS. On 8 January, Binance added another major crypto to its list of perpetual contracts –...Read More
After consistent consolidation under the $8000 mark since 22 November, Bitcoin briefly breached the mark on 7 January. While a significant portion of the community believed that the surge in question could be instrumental to the next bull surge, a major cryptocurrency market analyst observed a change in trends for a different digital asset. Willy...Read More
Just hours after the MATIC token dropped by 70% on 10 December, the cryptocurrency community on Twitter was abuzz with accusations of market manipulation and exit scams. Matic’s most recent attempt to calm down unhappy investors and skeptics came in the form of a blog post titled, “Matic Outreach Program: Clarifying the Recent Situation.” The...Read More
Cryptocurrency analyst, Christian Ott, recently published an article on his blog regarding statistics of transactions and assets on Binance Chain, the blockchain developed by cryptocurrency exchange giant, Binance. In his analysis, Ott found that the number of transactions on the chain grew from 3.2 million in Q2 of 2019 to 20.7 million in the following...Read More
The decentralized public blockchain and cryptocurrency project, Cardano’s roadmap for the year 2019 was quite fulfiling. The ecosystem made numerous implementations and upgrades last year, the latest one being the much-talked-about – ‘incentivized testnet.’ Talking about the success of this phase of Cardano’s Shelley era, one which essentially marks the very first steps towards the...Read More
Tether, by far, has been the most controversial stablecoin in the market, with the coin consistently in the news for not being 100 percent backed, something that drew the attention of the New York Attorney General’s office. The coin, which was one of the hottest topics in the crypto-ecosystem, was recently discussed by Paolo Ardoino,...Read More
