The story of stablecoins has been extraordinary in 2020. After the collapse in March 2020, the rate at which Tether has exploded in terms of issuance and market cap has led many to believe that U.S dollar-pegged centralized digital assets will have a major say in Bitcoin‘s future. Now, when it comes to stable assets,...Read More
Coinbase Around the Block, sheds light on key issues in the crypto space. In this edition, Justin Mart explores the rapidly evolving DeFi landscape and the emergence of “yield farming”, as well as other notable news in the space. DeFi and the Yield Farming Phenomenon DeFi protocols exploded in all metrics over the last month,...Read More
Bitcoin, the world’s largest cryptocurrency, hiked by a significant degree a few days ago, a hike that came as a relief for many, especially for those who were getting concerned about the stagnancy on the price charts. Owing to its high correlation with the market’s alts, the rest of the market was quick to follow...Read More
This week, unlike many of the previous ones, was full of excitement on the entire cryptocurrency market. For once, Bitcoin woke up from its sleep and staged an impressive performance, gaining about 5% of its Dollar value. While this may not sound like a lot for a whole week of trading, it’s important to remember...Read More
Even with Bitcoin’s mid-week push above $9,500, the larger trend of stability has held strong. Prior to this push the largest cryptocurrency in the market had traded within a $500 margin for over a month, and in the last two months the range only as large as $1,000. While Bitcoin for the past two months...Read More
The case of Bitcoin’s adoption has been an intriguing one over the years. To a large extent, it has been all over the place in the past few years as narratives for Bitcoin kept changing with respect to its functionality. Many have started to idolize Bitcoin’s appeal as a Store-of-Value with more and more people...Read More
ESPN Global has recently developed an online gaming platform with blockchain technology. The E-Sports Programming Network’s gaming environment will allow users to compete with each other in a variety of game battles and tournaments, where they’ll be able to win money. Players Can Make Payments Via Bitcoin According to a news report, the upcoming platform will...Read More
Even though there were doubts about the Bitcoin market reacting to the global economic events, the recent COVID-19 pandemic aligned it more with the global market. However, the crypto market has remained in sync with the affairs in the crypto industry. This was witnessed on 22 July when the news about the US banks offering...Read More
Russian chess grandmaster Garry Kasparov is a supporter of blockchain, cryptocurrencies, and Bitcoin in particular. In a recent interview, he outlined some of the digital assets’ merits, including increasing personal protection and allowing people to reclaim control over their finances. Kasparov Believes Bitcoin Is Here To Help Arguably the greatest chess player of all time,...Read More
The cryptocurrency ecosystem has evolved substantially over the past ten years, with increasing regulatory clarity enabling the likes of Bitcoin to gain the trust of a wider audience. The fact that institutional investors are now backing one of the most disruptive technologies of the past decade is a testament to this evolution. However, cybercrime and...Read More
Satoshi Nakamoto — the pseudonymous Bitcoin (BTC) creator — may have mined over 1.1 million bitcoins if the details from a recent report are to be believed. Early Bitcoin miners like Satoshi were able to use CPUs to secure the network during the project’s infancy. The $10.9B Satoshi Stash According to a report by Whale...Read More
Bitcoin and Ethereum are two of the most popular blockchains in the world. While Bitcoin was the first cryptocurrency, there’s not a lot of freedom to do with Bitcoin. However, Ethereum allows users to build contracts and other tokens that help build a whole new ecosystem. Due to its complexity, the Ethereum blockchain needs much...Read More
Bitcoin peer-to-peer (P2P) trading volume in several countries, including India, Mexico, and Argentina, has hit all-time highs this week, according to data from LocalBitcoins and Paxful. Regular People in Developing Countries Are Actively Trading Cryptocurrency During the last two months or so, Bitcoin has been more stable than ever, fluctuating between $9,000 and $10,000. Binance...Read More
Disclaimer: The findings of the following analysis should materialize by the end of July After 6 weeks of steady consolidation and reduced volatility, Bitcoin is finally registering some movement on the price charts as it breezed past multiple resistances. After the crypto-asset’s exploits on 21 July, Bitcoin consolidated above $9333 for 24-hours, following which another...Read More
The increased number of fake Bitcoin giveaways on YouTube involving various celebrities has pushed Apple Inc co-founder Steve Wozniak to file a lawsuit against the platform and the parent company – Google. Wozniak Sues YouTube Because Of Fake BTC Giveaways Fake Bitcoin giveaways are a growing threat in the cryptocurrency industry. Scammers begin live streams...Read More
Gold is one of the world’s most precious metals, one often stored in large vaults to ensure its security. Many cryptocurrency users have often drawn parallels between Bitcoin and Gold, going on to term it a Store of Value [SoV]. Despite its stagnated price, however, many of its users are holding on to the digital...Read More
On Wednesday, July 15, Twitter accounts belonging to prominent individuals, including Elon Musk, Barack Obama, Bill Gates, Jeff Bezos, and a number of crypto industry executives, were commandeered by hackers who allegedly gained access to internal content moderation tools. A scam was posted requesting Bitcoin to get double the returns. The news went global, and...Read More
National banks and federal saving associations can now offer crypto custody services to customers following approval from regulators in the country. OCC Okays Crypto Custody Operations for US Federal Banks According to a letter issued by the Office of the Comptroller of the Currency (OCC) on Wednesday, U.S. Federal banks can now offer crypto custody...Read More
Bitcoin miners play an important role in securing the network, however, the current year has put quite a few hurdles for miners to stay afloat. As the difficulty in mining increased, the adjustments helped the miners to run operations smoothly after Black Thursday and the halving. However, in June the network saw its biggest difficulty...Read More
Open interest for Bitcoin Futures on major derivatives crypto exchange BitMEX reached an all-time-high (ATH) as it crossed the $1 billion milestone. The record high happened for the first time since the crypto market crashed back in March 2020. Bitcoin Futures Open Interest on BitMEX at 4-Month High According to data from crypto derivatives market...Read More
Bitcoin is the world’s largest cryptocurrency and its users have in the past decade seen the crypto’s use-cases diversify quite dramatically. As BTC’s price stood at $9,309.19, the financial bandwidth of the network, also known as the economic throughput has been rising. The metric measures the financial bandwidth of Bitcoin by utilizing its transaction count...Read More
The latest data from on-chain analytics firm, Glassnode shows that the dollar value of transactions on the Bitcoin blockchain has been steadily increasing. Also, crypto research firm Messari has dispelled misconceptions regarding the failure of public blockchains like Bitcoin and Ethereum as payment channels. Median BTC Transfer Volume up 100 Percent Since 2020 Beginning As...Read More
Bitcoin has long been touted as an uncorrelated asset among many things. However, this narrative seemed to have been questioned after enduring the brunt of the pandemic. Since then, stocks have risen, fallen, and are hitting new levels but the same cannot be said for Bitcoin. Bitcoin, tech and social media Source: BTCUSD TradingView The...Read More
The continuous growth of the most widely utilized stablecoin Tether (USDT) has pushed its total market capitalization above the coveted $10 billion mark. On a monthly scale, the rise is even more impressive as it has doubled since March 2020. Tether Takes Over $10B Market Cap Tether, or as it was initially named – Realcoin,...Read More
Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark. ‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’ Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’...Read More
All these years, Bitcoin has been called different names, it has phased, morphed into being different things; from being an asset used in the dark web to an asset that aids in speculative trading. Between name-calling and morphing, Bitcoin has evolved into an asset that is now being considered as portfolio diversification and even as...Read More
It is a known fact that Bitcoin volatility has been low for quite a while now. With low volatility, the volumes for both Bitcoin futures and options have reduced. With such small price movements after the halving, Bitcoin seems to have become less desirable in comparison to many of the market’s altcoins. At press time...Read More
Following reports that Russia may introduce new legislation that would essentially criminalize cryptocurrency usage, a recent document revealed that the country is reviewing an updated version of the “Digital Financial Assets” (DFA) bill that excludes criminal allegations. No Prison In Russia For Cryptocurrency Usage? As CryptoPotato reported recently, members of Russian’s lower house (the State...Read More
For many in the cryptocurrency space, a ‘safe-haven’ is an egregious word. To be a ‘safe-haven’ would imply that Bitcoin is not the ‘only haven,’ to be a ‘safe-haven’ would imply that Bitcoin is an unlikely option in a testing time, and would mean Bitcoin is still an outlier. No no, there is no place...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, July 21st, the BTC rate is growing. The cryptocurrency is generally trading at 9307.56 USD. On D1 of BTC/USD, the picture has not changed much since last week. The pair is still trading at the upper border of the descending channel between 100.0% and 61.8% Fibo. Another...Read More
