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
The on-chain activity on Bitcoin’s blockchain remained overall positive throughout 2019. Despite stagnation in the price, Bitcoin’s network metrics stayed strong. Its mining hash rate has seen an exponential increase in the last couple of months and touched a new all-time high of 117 exahash per second [EH/s] on January 5th. As miners continued to...Read More
If we look at the blockchain infographic today, we see overall positive figures for the tech that has been the foundation of the world’s most popular and oldest cryptocurrency. What was fascinating at the beginning was how it branched out from being just the underlying tech of cryptocurrencies to developing numerous use-cases. Be it bringing...Read More
The crypto community is on the fence on the May 2020 halving. Thomas Lee believes that it along with two catalysts will push bitcoin much higher. | Credit: Reuters/Dado Ruvic/Illustration The crypto community is on the fence regarding the May 2020 halving. Fundstrat founder Thomas Lee believes that the halving along with two other catalysts...Read More
The concept of digital assets and the creation of Bitcoin is commonly lauded as a revolutionary change that led to the establishment of an asset class worth over $200 billion dollars. In a recent segment of whatbitcoindid with Peter McCormack, Aaron Van Wirdum, Technical Editor at Bitcoin Magazine, discussed some of the projects that eventually...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
The cryptocurrency market has been known, at large, for the fact that there’s a lack of regulation in certain aspects. Whether or not one considers this as a positive or negative feature, the fact of the matter is that slowly but surely, market regulators are inserting their views and rules. With so many different sorts...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
Indeed, the first impression is not always the last impression, at least, Nigerians have proven that with Bitcoin. Bitcoin started gaining traction in Nigeria after the infamous Mavrodi Mondial Moneybox (MMM) Ponzi scheme of 2016, which promised a 30% monthly return on investment, both in fiat and Bitcoin. Many got scammed, and some found themselves...Read More
Over the past seven days, Bitcoin’s price has been revived after witnessing a lukewarm period in December 2019. Source: Coinstats Since January 4th, BTC’s valuation has scaled up to 15 percent, and at press time the largest digital asset held strong consolidation above the $8000. It is important to note BTC‘s price was around $6900...Read More
Bitcoin and Gold are dancing to the same tune once again. The long-held claim of Bitcoin being the digital equivalent of gold was strengthened earlier this month with the correlation between the cryptocurrency and the commodity jumping to a high not seen since August 2016. Following the US-led killing of Iranian military commander Qasem Soleimani,...Read More
Bitcoin’s most famous hashforks surged on Saturday as altcoins rallied. | Image: shutterstock.com While BTC recorded modest 5% gains, its was the OG’s many offshoots which benefitted most from the weekend’s pump. Bitcoin SV (BSV) led the pack with a 38% surge leading into Saturday. Even Bitcoin Diamond (BCD) emerged from obscurity to rake in...Read More
If the idiom ‘off to a fresh start’ needed an example, Bitcoin will be an ideal candidate at the moment. After starting the year at a price under $6900 on 2nd January, the largest digital asset seemed to break away from its bearish shackles, registering a growth of over 19 percent in the past 9...Read More
Bitcoin sees the highest attention in the past 5 months according to data by Google Trends. The world’s leading cryptocurrency has been making strides amid retail investors once again, as its price keeps going on rollercoasters regularly since the beginning of the year. Interest In Bitcoin Highest Since September 2019 Bitcoin’s price has been particularly...Read More
How did your 2020 begin? While the world’s greatest economic and military superpower was inching close to war with yet another Middle Eastern country, Bitcoin was sitting back and watching its value surge. On January 3, Qasem Soleimani, an Iranian military commander, hailed as the second most important person in the country, was killed by...Read More
The term decentralized currency was meant to signify a virtual currency that would be based on the logic of mathematics and economics, mined from the blockchain and stored in one’s digital wallet, assigned by a private key. However, that is not the case. In a recent piece on the Bankless blog, Coinmetrics co-founder Nic Carter...Read More
Bitcoin’s price has been on a wild ride this week. So far, January definitely doesn’t disappoint in terms of volatility and excitement. Seven days ago, Bitcoin was trading at slightly above $7,300. As the week progressed, however, its price shot up to $8,400 only to pull back down to $7,700 from where it’s currently recovering....Read More
Bitcoin halving is expected to take place around May 2020 and it will prompt the inflation rate to decrease by ~1.7%. The halving will also result in the overall mining cost to become expensive, replacing the use of lower-end mining hardware with active ASICs second-hand market, according to TokenInsight’s report. Cloud mining, a type of...Read More
Bitcoin always had its critics. From regulators to bankers, the financial aspect of Bitcoin was a bone of contention to many. Another pain-point with Bitcoin was its production, or rather the energy-intensive nature of Bitcoin mining. Financial freedom for environmental harm was a small price to pay for many. Yet some could not balance the...Read More
According to new research by Kaspersky labs, the infamous Lazarus group used ‘enhanced capabilities’ to attack cryptocurrency businesses. The firm has been following the cyber theft campaign dubbed ‘Operation Applejues’ since 2018 and according to its report, victims across the world including the UK, China, Poland, and Russia have been affected. The hackers used the...Read More
Bitcoin’s recent rally was delayed but it arrived nonetheless; the price shot up by ~16% in 3 days to $8,436. However, the rally has stopped and reversed as the retracement continues. This can mean two things for Bitcoin, a short retracement prior to another pump; exhaustion of the surge. The latter seems more plausible due...Read More
Bitcoin saw a 7.51% price increase over the past week that allowed it to rise above the previous range it was trading within. The cryptocurrency broke above the upper boundary at $7,800 and continued to surge much higher as it reached expected resistance at the 200-days EMA at around $8,160. The cryptocurrency did climb even...Read More
Bitcoin difficulty and hash rate are two important factors that determine network health and also the state of miners. According to CoinMetric’s estimates, the difficulty will hit a new all-time high of 15 trillion in four days. In a recent tweet, CoinMetrics mentioned that there would be an ~8% increase in Bitcoin’s difficulty making it...Read More
Bitcoin isn’t high among the list of addresses who own over 1% of a crypto asset. | Source: Shutterstock.com Bitcoin is more fairly distributed than altcoins. Cardano may be dangerously centralized. Whales are still a significant issue for BTC. When contemplating crypto whales, the knee jerk reaction is to automatically think, “lotsa bitcoin;” However, according...Read More
Prominent Bitcoin Futures and Options Exchange, Deribit has announced that it will be moving to Panama, from the Netherlands. The derivatives platform informed through a blog post that from 10 February 2020 Deribit.com will be operated by DRB Panama Inc., a 100% subsidiary of the Dutch entity. The decision of the exchange followed the “strict...Read More
China’s central bank is reportedly preparing a new set of stricter rules that will affect public privacy and personal information. The update will make nine significant changes regarding leasing services and other types of financial transactions, and the community has quickly brought up Bitcoin and its potential to be used freely in similar situations. China...Read More
Bitcoin is known by many names. According to the white paper it’s called the “peer-to-peer electronic cash system,” to its adherents it’s hailed as the “tool for financial freedom,” to the bankers it’s “fool’s gold.” One definition that most can agree on is that Bitcoin is a “decentralized currency” The first of its kind. But,...Read More
Bitcoin, despite being only 10 years old, has already left its mark on a lot of prominent and influential people. Elon Musk, who’s arguably one of the best-known and popular entrepreneurs in the whole world, has mentioned it again. And, moreover, staying completely true to his usual self, his statement could mean one of many...Read More
