A Decentralized Stablecoin on Rootstock The stablecoin industry continues to grow and expand. Until now, most of these assets were issued on alternative blockchains such as Ethereum, Tron, OMNI, and EOS. The world’s leading cryptocurrency, Bitcoin, used to lack the necessary protocols to support the creation of such an asset by default. Thanks to RSK,...Read More
Bitcoin accumulation is on the rise in the past few weeks, according to new information. BTC hodlers are stashing more coins daily now than they did at any time in the last year. The question remains if the upcoming Halving scheduled to take place in May is the primary reason behind this, or is it...Read More
There are many different consequences to the coronavirus, including developments affecting the cryptocurrency space. Several Oxford professors think there are some unexpected benefits to the current state of affairs. It is evident that the coronavirus has triggered a financial shock, of sorts. The Coronavirus Benefits Cryptocurrency, Sort of This can be noted across the board....Read More
By Mike Co In recent days, stablecoins have grown by nearly $3 billion. As a brief primer, a stablecoin is “a digital currency designed to maintain price parity to some ‘stable’ asset. A stablecoin can have its value ‘pegged’ to fiat money, to gold, to other digital currencies, to exchange-traded commodities, etc.” There are currently at least...Read More
By Melissa Zhang Crypto at its core has always been intended for a global audience. Bitcoin and other cryptocurrencies have no concept of borders, allowing for value to transfer seamlessly across the Internet. Coinbase’s vision and mission is to build an open financial system for the world. As of mid-2017, Coinbase was supporting translations in eight...Read More
There are many different potential price predictions for Bitcoin and other cryptocurrencies today. One pattern suggests the Bitcoin price could reach a value of $100,000 in the next few years, albeit the current coronavirus crisis makes that seem rather unlikely. All Bitcoin holders want to see the BTC price go up significantly. Coronavirus Doesn’t Move...Read More
Amid lockdowns prompted by the spread of the novel coronavirus, Russian citizens have withdrawn more cash from banks and ATMs since the start of March, than they did in the whole of 2019. A report reasoned that people are afraid that banks may not function during the quarantine. For Russians, Cash Is Still King According...Read More
The popular cryptocurrency data aggregator, CoinGecko, reviewed the events in the digital asset market in Q1 2020. According to the report shared with CryptoPotato, Bitcoin ultimately ended up losing 11% of its value, but some altcoins and stablecoins managed to record gains and decreased BTC’s dominance. Bitcoin’s Q1 Data The unexpected outbreak of the COVID-19 pandemic put...Read More
One of the world’s leading cryptocurrency asset management companies, Grayscale Investments, has registered its strongest quarter to date. Despite the violent price developments in the market, the firm has raised over $500m, and its 12-month product inflow crossed the $1b mark for the first time. Grayscale On The Rise According to the quarterly report published...Read More
The total value transferred on the Ethereum network reached full parity with Bitcoin last week. It’s mainly due to the increasing role of stablecoins in the market as they are responsible for 80% of all transactions on the Ethereum blockchain. Ethereum Network Transfer Value Parity With Bitcoin A publication revealed by Ryan Watkins, a researcher...Read More
Americans will soon receive their stimulus checks to help fuel the domestic economy. How much of that money will be spent on buying Bitcoin or other cryptocurrencies, will be rather interesting to observe. Coronavirus stimulus checks are being sent out to citizens of the United States. Coronavirus Stimulus Checks are Coming Every citizen will receive...Read More
Andrew Yang, an American politician, part of the Democratic Party and a former runner for the 2020 US Presidential Elections, voiced his concerns with the current stimulus package that the country rolled out. According to him, the amount sent to people should be higher. Andrew Yang Calls For $2,000 Per Month Stimulus A recent report...Read More
Yesterday April 15 Bitcoin traded around $6,700 no one could expect the cryptocurrency to break through to the $7,000 level. Bitcoin which currently trades at $7,021.73 increased by more than $500 in the past 24 hours alone. The cryptocurrency rose from $6,650 to $7,145 in a matter of one and a half hours. Liquidation on...Read More
Peter Schiff, the CEO of the Investment Advisory company Euro Pacific Capital is seen questioning the bitcoin developments. In a recent tweet, he questioned the bitcoin enthusiast “ How do you accept bitcoin as a Collateral for a loan? “ The tweet plots a condition to users asking “ How do you get your money...Read More
There are many different opinions on whether Bitcoin should be considered a safe-haven asset or not. Cobra, the co-founder of Bitcoin.org, certainly doesn’t seem to be thinking along those lines. Most Bitcoin enthusiasts are quite familiar with the name Cobra. Bitcoin Isn’t a Safe-haven Asset, Cobra Claims For better or worse, this individual often shares...Read More
Gold has crossed the $1,700 mark for the first time since 2012 as traders and investors seek wealth security in these times of economic uncertainty — headlined by the COVID-19 outbreak. The recent gains in the gold market coincide with pressures on Bitcoin, which has dropped from nearly $7,500 to about $6,800 within seven days....Read More
A new study compiled on cryptocurrency usage outlined that people are mainly using them for regular day-to-day purchases such as food and clothes. It also indicated that there’s a significant room for adoption, as only 16% answered that they had previously bought any digital asset. Bursting Myths: Cryptocurrency Usage Cryptocurrency payment transfers are much more...Read More
China has always been in the spotlight when it comes to cryptocurrencies, despite the country’s controversial legislation on the matter. Last year, President Xi Jinping urged for further investments in blockchain-based technology, causing Bitcoin to mark an increase upwards of 40% in less than 24 hours. Now, however, regulations seem to be tightening up, and...Read More
According to Ross Ulbricht, best-known for creating and operating the darknet market website Silk Road, Bitcoin’s price is headed downward. Using the Elliot Wave Theory for his analysis, Ulbricht believes that there might be more pain ahead, taking the price significantly lower. More Pain For Bitcoin In a detailed blog post, Ross Ulbricht, the founder...Read More
The number of Bitcoin addresses containing more than 0.01 BTC has increased substantially in the past two months. The question remains if the reason behind it is the upcoming Halving in May, the economic uncertainty caused by the COVID-19 pandemic, or both. BTC Addresses Go Up The popular cryptocurrency monitoring resource, Glassnode Insights, provided a...Read More
A little while ago, there was a buzz on social media regarding a Bitcoin donation page for coronavirus supplies in Italy. The pre-triage tent waiting to be funded is now officially operational near Rome. Cryptocurrencies can always make a world of difference around the globe. Bitcoin Aids Coronavirus Victims in Italy More often than not,...Read More
Around the Block #5: Downstream Impacts of the Recent Market Crash on Lending, Stablecoins, and DeFi Coinbase Around the Block, sheds light on key issues in the crypto space. In this edition, Justin Mart analyzes three industries impacted by the recent market crash. Lending Markets: Behind the Scenes on What Drives Rates The crypto lending markets have seen...Read More
Bitcoin’s price went on a rollercoaster during the past week. After surging to its three weeks high at slightly above $7,400, the cryptocurrency saw a sharp decline upwards of 5% over the past 24 hours. This got it to where it currently trades at around $6,880. During the last week, altcoins managed to hold their...Read More
With the third Bitcoin Halving just around the corner, the number of BTC whales is on the rise again, similar to what happened before the previous one in 2016. Individuals and entities owning at least 1,000 of the primary cryptocurrency are currently at a 2-year high. BTC Whales Accumulate Before The Halving? The Bitcoin Halving...Read More
For well over a month now, a great number of countries have been living under lockdowns and stay-at-home orders due to the coronavirus outbreak. Meanwhile, central banks like the Fed, Bank of England (BoE), and European Central Bank (ECB) have funneled trillions into the hands of private financial incumbents. Despite the market carnage on March...Read More
Ever since the supreme court quashed the banking restriction imposed by the central bank, interest in cryptocurrency has been rising in India, including on peer-to-peer (P2P) marketplaces. The local crypto community is growing despite the nationwide lockdown and rising covid-19 threat. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About...Read More
The Tezos Foundation has collaborated with several Swiss-based cryptocurrency companies to tokenize Bitcoin. Called tzBTC, it gives holders the ability to interact with Tezos smart contracts while pegging to the value of Bitcoin. Tokenized Bitcoin On Tezos Blockchain The Bitcoin Association Switzerland announced launching the tzBTC digital token in a press release shared with CryptoPotato....Read More
Bitcoin has always intrigued the masses, although that doesn’t automatically result in more BTC holders. One interesting development is how more people are trying to learn more about Bitcoin through online courses as of late. Finding out about cryptocurrencies tends to open people’s eyes. Bitcoin Courses Become More Popular due to Coronavirus The current global...Read More
Bitcoin’s price is no stranger to volatility and the period between the second half of 2017 and the first half of 2018 is a clear example. The price went from about $2,600 to its all-time high of $20,000 in December 2017 and all the way down to $6,000 in July 2018. At the time, though,...Read More
Markets across the board are marking tremendous increases since the beginning of the week. The largest indexes are charting notable gains despite the continuously spreading coronavirus as well as other concerns such as the escalating number of job loss claims in the US. The cryptocurrency market follows as absolutely every coin in the top 20...Read More
