Blockchains don’t exist in isolation. This is especially true of enterprise blockchains, which target the business and financial sectors. These projects rely on industry-wide consortia to attract new clients, research, and investments. Unlike public ledgers, projects in the world of enterprise blockchain rarely issue cryptocurrencies or launch an ICO. As such, they don’t have much...Read More
This week, Litecoin creator Charlie Lee tweeted another round of criticism against Dash, claiming that the coin has become a highly centralized project. This is just the latest potshot in Lee’s long-running feud against Dash, which seems to have become his favorite target. Lee has even called Dash “trash” and “a scam“ in the past....Read More
Last Wednesday, French police shut down a massive botnet that managed to install malware on over 850,000 computers. This network was partially used to distribute ransomware and carry out data theft. However, it was also used for cryptojacking, allowing the attackers to mine Monero on their victims’ computers. The three-year-long operation earned the attackers millions...Read More
You can’t really discuss the topic of cryptocurrency mining without getting into issues surrounding the concept of centralization. One of the greatest aspirations of cryptocurrency communities is to decentralize the monetary system and create “trustless” transactions. While Bitcoin made a lot of headway towards a trustless currency, there are still concerns. The concentration of power...Read More
The crypto market is constantly in flux: brand-new cryptocurrencies regularly appear at the top of the charts, while older coins slowly fade away. While Bitcoin has been a consistent leader, the market is littered with former runners-up. All it takes is a trip through the historical rankings to see just how transient cryptocurrencies can be....Read More
Coin burning is a method by which cryptocurrencies keep their market value high and attempt to offset inflation. When a large portion of a coin’s supply is removed, that coin experiences heightened demand, and as a result, the coin’s price goes up. At least, that’s how it works in theory. In practice, any price increases...Read More
Tether is back in the news, but this time it’s just moving house. Large numbers of the controversial dollar-valued token are migrating to Ethereum from Bitcoin’s OMNI layer, resulting in a boom in active USDT-ETH addresses. A Coin Metrics State of the Network analysis, released August 27, 2019, reports that the number of USDT-ETH active...Read More
The research team at SIMETRI, which now comprises 13 full-time crypto analysts, launched a new near-term trading dashboard – “Coins on the Move” – today that combines long-term fundamental research with short-term indicators and technical analysis. The new dashboard, available exclusively to SIMETRI Research subscribers, is based on a variety of data points including: Chart-focused...Read More
Bitcoin is best known as a currency, but that’s not its only use. As the oldest and most-secure blockchain, the Bitcoin ledger has many applications that aren’t directly related to finance or payments. In fact, anyone is free to use Bitcoin for their project, provided they pay for the space they use. But these complex...Read More
Microwork may be the most niche form of online labor there is: it doesn’t pay very much, but it does get quite a lot of work done by spreading tasks far and wide. Usually, this involves transcribing media, data entry, filling out surveys, and viewing ads – or any other brief tasks. At first glance,...Read More
