Will ‘Project Catalyst’ catalyze Cardano? The 2020 edition of the Cardano Virtual Summit was expected by many to have in store many major announcements for the ecosystem. And it didn’t disappoint. Among a slew of other announcements, perhaps the most crucial one was the launch of Project Catalyst, “an experimental fund and toolset designed ultimately...Read More
A year after the famous Hollywood actor William Shatner tweeted that Elon Musk and Vitalik Buterin were deciding what to build on Ethereum, the Tesla CEO refuted the rumor but said that he had nothing against the network. Musk: Not Building On Ethereum The Canadian actor, arguably most well-known for his role as Captain Kirk...Read More
One of the most popular Bitcoin projects that haven’t attained completed fruition in terms of development and implementation is its Lightning Network. Launched back in 2018 in order to improve the scalability issue of Bitcoin transactions, the LN has often been criticized with regard to its functionality and structural security. Although, originally the design of...Read More
When compared to April and May, June can be considered to be a disappointing month for Bitcoin. A Price depreciation of over 13 percent summed up Bitcoin‘s turbulent Q2. Initially, after the halving in May, many users had expected Bitcoin to register a correction of close to 30 percent from its peak at $10,000, but...Read More
A Fifth Circuit panel of three judges ruled against Richard Gratkowski’s appeal that Fourth Amendment rights should protect Bitcoin data. The panel ruled that the FBI agents who subpoenaed cryptocurrency exchange Coinbase to track Gratkowski’s payments to a child pornography website acted according to the law. 4th Amendment Doesn’t Hinder US Law Enforcement to Track...Read More
The past few months have seen uncertainty rise to newer levels, with a raging pandemic crippling financial markets across the globe. For many commentators, situations like these are ideal for Bitcoin to showcase its safe-haven qualities. With the federal government on a fiat printing spree, while introducing quantitative easing measures to revitalize the economy, the...Read More
After a podcast with popular Bitcoin proponent Anthony “Pomp” Pompliano, the famous comedian Bill Burr said that he will buy BTC. Fellow comedian and co-host Bert Kreischer regretted not buying Bitcoin before but seemed more interested in purchasing mining equipment. Current Economic Situation Co-founder and partner at Morgan Creek Digital Anthony Pompliano recently appeared in...Read More
For users who value financial privacy, cryptocurrencies have always been extremely relevant alternatives. Cryptocurrencies like Bitcoin have their origin story deep-rooted in this core ideal, clubbed with a general mistrust of institutions that wield a lot of power. Thus, the decentralized and trustless system on which all other cryptos are based on was born. Privacy...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-48 hours After dropping down to $8,933 on 27 June, Bitcoin has registered a minor recovery on the charts, with the cryptocurrency climbing back over $9100. At press time, it was priced at $9,180. In fact, June, again, has easily been the most...Read More
Privacy? What privacy? While most users of Bitcoin and other cryptocurrencies value their financial privacy, not all of them understand the true nature of Bitcoin. Bitcoin does not guarantee anonymity, but only pseudonymity. This was perhaps the misconception held by a convict who recently lost his appeal before a court in the United States. The...Read More
The last few weeks were quite stagnant for Bitcoin in terms of price movement, considering the cryptocurrency is famed for its price action. However, while BTC price is looking pretty unexciting in recent times, Bitcoin is fundamentally strong as the network activities continue to record new highs. Positive On-Chain Market Activities According to insight first...Read More
2020 was hyped up to be a monumental year for the world’s largest cryptocurrency – Bitcoin, primarily because of its third block reward halving. However, the doom and gloom of 2020 seem to have had a serious impact on Bitcoin, and by extension, the larger crypto-market. Uncertainty in the crypto-market and lockdowns due to the...Read More
A recent poll by the popular gold proponent Peter Schiff indicated that most of his followers believe that the price of the bullion will never surpass Bitcoin’s. One BTC > Ounce Of Gold Peter Schiff is a prominent US economist and a famous gold-bug. However, he is also a well-known Bitcoin basher and rarely misses...Read More
The Bitcoin community has juggled multiple reports and speculations over the past few weeks, all regarding Grayscale’s BTC accumulation, a development that in the minds of many, represents the rise of institutional investors. However, hypnotized by developments such as these, people tend to forget about the market’s reliance on retail investors just a few months...Read More
Bitcoin has been seeing a drop in volatility lately, with its price range-bound for a while now. In fact, the extended bear market has also contributed to new entrants emerging less optimistic, and this can be seen clearly when BTC’s maturity charts are observed. Bitcoin’s tussle with $10,000 & accumulation Anything above $10,000, particularly $10,500,...Read More
Bolt Labs announced today that it plans to integrate its off-chain Bitcoin private payments protocol called zkChannels to the Tezos blockchain. The company is working with teams at Nomadic Labs and Metastate to complete the integration via an amendment proposal to be done by 2021. zkChannels To Build On Tezos Originally called BOLT, zkChannels v1...Read More
Following an increase of 42% during Q2 2020, Bitcoin’s closing price of $9,140 was the third-highest position the asset has seen at the end of a quarter, trailing only to Q2 2019 and Q4 2017. On a yearly scale, BTC is also outperforming the S&P 500, WTI, gold, and the US dollar. Bitcoin Goes Up...Read More
The tweet by Bitcoin Block Bot on June 27, 2020, reported a large-scale transaction, involving the movement of $933 million worth of bitcoin. Interestingly, the total transaction fee cost was 0.00005271 BTC, which is just meager $0.48. Whale alert! 🐋 Someone moved 101,857 BTC ($933M) in block 636,503 https://t.co/sy099uLVBV — Bitcoin Block Bot (@BtcBlockBot) June...Read More
COVID-19’s impact on the financial industry has been strong and noticeable. In fact, there are reasons to believe that COVID-19 will have a dynamic and significant impact on the world’s economic landscape, both at present and in the future. Analysts across the globe are now evaluating how COVID-19 will necessitate a large-scale re-examination of research...Read More
Wealth distribution is a tricky subject, primarily because the crisis is real and has been around for such a long time that inequality is now shockingly entrenched. Here’s a wild statistic – A little over 2,000 of the world’s billionaires possess more wealth than 60% of the planet’s population. The consequences of this broken economy...Read More
After noting a series of pullbacks over the past week after Bitcoin fell, many of the market’s alts, again closely following the king coin’s price movements, appeared to be consolidating, at the time of writing, with the collective market cap rising to $260.3 billion. Bitcoin [BTC] Source: BTC/USD on TradingView Bitcoin enjoyed a rather flat...Read More
HDR Global Trading Limited (HDR), the operator of the cryptocurrency derivatives trading platform BitMEX, announced today that financial expert Dr. David Wong has joined the company as a non-executive chairman. Joining HDR will see Dr. Wong working alongside three other board members, including co-founder and CEO Arthur Hayes, co-founder Ben Delo, and co-founder and CTO...Read More
Bitcoin investors have been on an accumulation spree for quite some time now. Leading up to the halving, investors, both retail and institutional, were HODling the world’s largest cryptocurrency. While the third supply cut event did not contribute to any wild swings in the price market, the following month also saw flat movement. Interestingly, during...Read More
The Spanish Civil Guard arrested multiple people across the country who are allegedly involved in the distribution of child pornography. It was an international investigation on a dark-web case where people used cryptocurrency to pay for illegal content. Scheme Busted Through Cryptocurrency Payments According to a recent report, police in Spain had detected the alleged...Read More
If you thought that the city of Wuhan was done for 2020, well, think again. Reports have it that at least some of 83 tons of gold bars, used as collateral for loans, turned out to be gilded copper. For more than five years, Wuhan Kingold Jewelry has been getting gold-collateralized loans worth over 20...Read More
The performance of XRP in the cryptocurrency market has been dull and consolidating for the past couple of days. The price of the fourth-largest digital currency was at $0.1758 and was experiencing terrible selling pressure, at press time. The violent price action in the market, however, did not interfere with the movement of crypto in...Read More
Bitcoin and Ethereum are two of the world’s largest cryptocurrencies by market cap and several BTC-backed ERC20 tokens have continued to increase and thrive on Bitcoin’s rival network. Over the past couple of years, the market for Bitcoin on the Ethereum network has grown significantly, and currently, the latter has become one of the most...Read More
By examining a well-known technical component, the popular YouTuber The Moon believes that Bitcoin could be heading towards $6,000 in the next few months if it breaks the vital $8,500 level. Bitcoin And The Wyckoff Distribution Pattern The cryptocurrency analyst initially posted the chart on Twitter in which he has inserted BTC’s current position on...Read More
A key differentiator between cryptocurrencies like Bitcoin and traditional forms of finance is that the former offers a high degree of self-sovereignty. Bitcoiners are accustomed to the phrase, ‘You are your own bank’ which was the philosophical ideal that gave way to the crypto revolution in the past decade. However, this level of self-sovereignty also...Read More
Disclaimer: This article attempts to analyze Bitcoin’s price movements over the next month leading up to a potential breakout in the last week of July. For the past several weeks, Bitcoin appeared to be consolidating below $9,500 despite a short-lived upside break. So far, the coin managed to stay afloat above the critical $9,000-support level...Read More
