Commercial banks should work out their own transfer systems as an alternative to Facebook’s Libra, urged Jens Weidmann, President of Bundesbank and member of the Governing Council of the European Central Bank (ECB). Euro Area Banks Should Not Rely on Facebook’s Libra Banks in the Euro area should explore tools for faster, cheaper transfers, but...Read More
2019 in the cryptocurrency space was pretty much all about Bakkt, Bitcoin‘s price, Facebook’s Libra, and China‘s state-backed digital currency. While China has been up-and-running in terms of planning out its digital currency, one of the main concerns brought up against the digital currency is that it will be used as a tool to surveil...Read More
Litecoin, the Vegeta to Bitcoin‘s Goku, has been rolling out updates for its Mimblewimble project since the Foundation’s plan to implement the protocol was announced last year. The new protocol would be making its debut on the silver coin via extension blocks, and while the idea has been applauded by several people, it did also...Read More
China has undoubtedly been leading the state-backed cryptocurrency race, with the country recently revealing that it would launch its own digital version of RMB last year. The news that broke-out right after Facebook’s Libra announcement immediately grabbed the attention of all governments around the world, including that of U.S regulators. Interestingly, China‘s venture into the...Read More
Not your keys, not your coins Let the meaning sink in… It’s the most popular adage in the crypto-community. This mantra is echoed time and again or each time an exchange gets compromised! Just like Satoshi Nakamoto, Trace Mayer ignited the Proof-of-Keys [PoK] revolution on January 03, 2018. To the people outside looking in, the...Read More
Bitcoin witnessed a turbulent 2019 and in spite of high volatility in the market, the king coin registered an impressive growth north of 90 percent. In Coinmetrics’ recent State of the Network report, Bitcoin’s performance with regard to various factors and other assets was evaluated, including fundamental properties and other adoption parameters. A section covered...Read More
Since 16 December, XRP has been hovering around the $0.19 mark, with intermittent dips under $0.185 and rises around $0.198. With a value of around $0.191 at the time of writing, XRP could be in for a short-term rise in value, despite its less-optimistic long-term prospects. XRP 4-hour chart Source: XRP/USD on TradingView Following a...Read More
The hashrate of Monero reached an all-time high (ATH) of 1.1358G a few days ago. However, while many welcomed the development, it also lent fuel to a few debates within the Monero community. While many were unsure as to what caused the hash rate of Monero to spike, others voiced skepticism of some who claimed that...Read More
The world’s second-largest digital asset faced a major crisis on New Year’s Eve. As previously reported, some of the Parity Ethereum nodes failed to attain synchronization, with representatives of Parity fearing that a hack or attack might be underway. The Parity issue raised a lot of concerns within the community, with Liam Aharon, Software Developer...Read More
“Today we know that centralization and big bureaucracies have not, as promised, been the answer for promoting better opportunities for society” ~ Carlos Salinas de Gortari To ASIC or not to ASIC has been the dilemma for years now. For some, the distinction is very easy; it comes down to choosing between centralization and decentralization....Read More
CoinMarketCap, one of the central crypto price listing websites, has been used as a vehicle to present newly arrived exchanges. Usually, those new markets show up with immense volumes, rising to the top while aiming to become industry names. LAToken’s Crypto Volumes Once Again in Spotlight LAToken, one of those exchanges, has caught attention for...Read More
The leaves that bud out of the stem, the pattern on the shell of snails, the petals of flowers; all of these have a common denominator, a pattern. Nature follows a particular kind of symmetry. The world that we live in has many mysteries to it, many that might seem chaotic to naked eyes. However,...Read More
Hedera Hashgraph, one of the prominent new projects for 2019, is in trouble again. Nodes have shut down without warning, suggesting the network may be more centralized than previously thought. The community noted 4 out of 10 council nodes shut down, signaling centralization. The closing of this number of nodes also practically turns Hedera Hashgraph...Read More
Tron has been on a roller-coaster ride in 2019, with it being ranked among the top 10 cryptocurrencies, before then slipping out of the top 10 by the end of the year. However, despite many challenges in the market, the twelfth largest cryptocurrency’s DApps have been gaining popularity this year, along with its acquired firm,...Read More
The cryptocurrency market traded mostly in the green on Monday, as the top 10 altcoins continued to build on the weekend’s strong gains. Bitcoin SV posted gains of over 10%, and traded back into triple digits as the recovery from the $75 support level gathered traction. Litecoin was another notable gainer over the weekend among...Read More
A total of 33.2 billion TRX tokens are scheduled to be released into Tron’s circulating supply on 1 January 2019. This marks an important step in Tron’s journey as the release constitutes about 32% of its total circulating supply. This dilution in Tron’s circulating supply could have devastating effects on its price. Tron, a major...Read More
When Monero (XMR) users choose to veil their transactions, they cannot be traced between the sender and receiver. This finding by an Europol official contradicts previous discoveries that XMR transactions can reveal some of the identities of users. Blockchain Analysis Impossible for Monero Network At least when it comes to the authorities, transactions on the...Read More
It was December 17, 2017, when Bitcoin hit its all-time high, and nearly a month later on January 12, 2018, Ethereum peaked at $1,400 per crypto token.The post appeared first on NewsBTCRead More
From a time when they were viewed as tools for outlaws, cryptocurrencies have come a long way. However, the same cannot be said for those cryptos that take pride in their privacy-enhancing features. Governments and international bodies the world over continue to tread cautiously around cryptocurrencies such as Monero and Zcash, with privacy coins struggling...Read More
From governments to mainstream companies, everyone has looked into cryptocurrencies and blockchain. While the industry did welcome many big shots, the price of most cryptocurrencies including Bitcoin witnessed massive price drops this year. As 2020 is just days away, several have been speculating the price movement of the king coin and the other altcoins. Caleb...Read More
Ethereum (ETH) has chosen the year’s most inactive day to perform a hard fork. On January 1, the Muir Glacier hard fork, as it is known, is supposed to once again delay the difficulty time bomb. Difficulty Diffusion Simply Forgotten During Istanbul Hard Fork The reason for choosing that date is ignominious, as the developer...Read More
On one hand, the Ethereum community has been gearing up for the transition of the network from Proof-of-Work [PoW] to Proof-of-Stake [PoS] with Ethereum 2.0, the members of the Ethereum Classic community, on the other hand, have leaned toward the Proof-of-Work algorithm. The founder of ETC Labs, James Wo previously expressed that ETC wasn’t looking...Read More
Very few companies survived the aftermath of the ICO hype, Ripple is one such company that was inspired by ideologies of Bitcoin and built to make cryptocurrencies better, faster, and more secure. Although the narrative around Ripple and XRP has changed over the years, both have done more than just survive: they have flourished. As...Read More
While the traditional financial industry is no stranger to wash trading, various studies in 2019 demonstrated the widespread prevalence of artificial inflation of trading volume in the crypto industry as well. As reports of alleged fake trading made headlines in 2019, exchanges have started addressing the issue of inflated volumes. Former Senior Market Analyst at...Read More
The past year has been an extension of last year’s bear market for most altcoins. All bar a few are set to end the year lower than they began it and there have been very few survivors from 2019.2019: An Altcoin NightmareWhile total crypto currency market capitalization is currently over 55% up this year, it...Read More
Looking back at 2019, altcoin XRP witnessed a major drop in its price throughout the year. Currently priced at $0.193, XRP is at its yearly low. Despite XRP’s price, the altcoin stands as the third-largest coin with a market cap of $8.39 billion. Additionally, Grayscale’s report also suggested that XRP had gained “momentum among both...Read More
Tokenization firm AlphaWallet partnered with the Union of European Football Associations (UEFA) for the upcoming European Football Championship, ‘Euro 2020′. Via Ethereum integration, Alphawallet plans to put around 20,000 tokens on the custom blockchain backing the tournament tickets. According to reports, Victor Zhang, CEO of AlphaWallet, stated, “If we can convert 50% of the digital...Read More
A look at the price movement chart for XRP since its inception showed little price action over the last year. 2019 saw a yearly high of around $0.50, a dismal price-tag compared to 2018’s high of $3.31. It had breached under the $0.20 mark earlier this month and has had some trouble recovering from the...Read More
The growth of digital assets’ derivatives market underlined one of the key developments in 2019. Institutional involvement soared significantly as the likes of Fidelity and ICE’s Bakkt announced their presence in the crypto industry and other exchanges such as Binance, also launched their own futures platform. A majority of the exchanges launched Bitcoin or Ethereum...Read More
As the year comes close to an end, it is the time for retrospection and reflection: the same holds for XRP, which holds its position as the third-largest cryptocurrency. XRP has managed to retain its community despite its shaky track record when it comes to price performance. This article takes a look back at XRP...Read More
