One of the most famous Bitcoin wallets among hackers and treasure hunters in the crypto-verse is now empty. Someone moved over 69.369 BTC from a legacy wallet to a new native SegWit format address (a more modern format aimed at optimizing transactions by lowering their transaction fees). Everything about the wallet is a mystery: Nobody...Read More
After breaking June 2019’s 15-month high just four days ago, Bitcoin is getting closer to the hot zone once again, seeking a new high since January 2018. As of writing these lines, the first U.S. elections results are incoming shortly, and so far, Bitcoin is repeating its behavior from four years ago – surging 3%...Read More
Cryptocurrency trading platforms in Hong Kong will soon be subjected to full legal scrutiny as the nation’s financial watchdog plans to release a new regulatory framework. The Hong Kong’s Securities and Futures Commission (SFC) announced that it plans to regulate all cryptocurrency exchanges in the country, Reuters reported Tuesday. Hong Kong has struggled in the...Read More
XRP/USD – Buyers Continue To Defend October Lows Key Support Levels: $0.235, $0.228, $0.22.Key Resistance Levels: $0.245, $0.251, $0.261. XRP fell beneath the symmetrical triangle pattern at the end of October and headed toward the 100-days EMA. It found support at the 200-days EMA but fell below it yesterday. Despite this, XRP remained supported at...Read More
Bitcoin, after a massive rise to last year’s high, trimmed gains in a sudden selloff yesterday. YouTube-based BTC commentator Carl Martin a.k.a The Moon, opined that the cryptocurrency is experiencing selloff from miners. But is that actually true? Is bitcoin dipping because of miner capitulation? Nope, there’s no tangible proof to corroborate the same. Carl...Read More
The Bitcoin network just went through the second-largest negative difficulty adjustment and its most significant one since the start of the ASIC era. The 16.05% decline exceeded previous expectations indicating a readjustment of somewhere between 7% and 10%. Record-Setting BTC Mining Difficulty Adjustment The mining difficulty on the Bitcoin network goes through an automatic adjustment...Read More
It goes without saying that a lot has happened over the past four years when it comes to cryptocurrencies. We went through the market’s most parabolic cycle in 2017 and a prolonged bear market in 2018. In 2020, the market is arguably in a bullish state coming into this year’s US Presidential Elections, where Donald...Read More
Bitcoin continues to struggle ever since it peaked above $14,100 during the weekend. The situation with alternative coins is even worse, and the total market capitalization has dipped to about $390 billion. Bitcoin’s Struggles Since Its 1,000-Day Peak CryptoPotato reported over the weekend that the primary cryptocurrency spiked to a new 2020 high of about...Read More
PayPal CEO Daniel Schulman said that the large online payment processor will add numerous new cryptocurrency-related features at the start of next year. In the most recent earnings call reported by Fortune, Schulman noted that the platform will enable crypto payments for goods and services at 28 million merchants. He reassured that it will not...Read More
Bitcoin’s Fee Ratio Multiple (FRM) is a metric for measuring the distance proof-of-work blockchains have to cover in order to sustain current security levels solely through transaction fee revenue. According to analytics provider Glassnode, FRM is linked to demand and caused by higher transaction fees. It is currently at its lowest level since January 2018....Read More
As the world’s premier crypto asset starts its retreat from its highest price for over two years, the blood is spilling from the altcoins, especially those associated with DeFi. Bitcoin has dropped over 5% since its weekend high above $14k, but that is nothing compared to losses registered elsewhere. Crypto markets are a sea of...Read More
Bitcoin bulls have managed to regain the $13.4K support today after prices crashed 3.7% in 4 hours. Uncertainty in the stock markets and the upcoming US presidential elections could have played a role in today’s crypto market activity, as larger traders tend to withdraw into more stable assets ahead of significant global events. $12 billion...Read More
Over $400 million worth of the most popular stablecoin Tether (USDT) has been sent to the cryptocurrency exchange Huobi over the past couple of hours. Two of the transactions were sent from an unknown address with a total worth of around $304 million, while another transfer worth $100 million was sent from Bitfinex. Over $400...Read More
The King’s College London’s research arm, the Centre for Science and Security Studies (CSSS), has published a report arguing that blockchain technology can enhance the trust between countries fighting to dismantle nuclear warheads, thus reducing the risks of potential wars. Blockchain To Help With Nuclear Warhead Dismantling? Ever since their emergence during World War II,...Read More
ETH/USD – Ethereum Resting At Trend Line Support Key Support Levels: $377, $364, $360.Key Resistance Levels: $390, $400, $410. Ethereum struggled to break the resistance at $416 (bearish .618 Fib) earlier in October which saw the coin heading lower this the past week. During the weekend, Ethereum managed to rebound from $380 and push as...Read More
One of the most popular blockchain projects, TRON, had undergone an attack by a malicious contract earlier today. Company CEO Justin Sun detailed the events in a recent tweet, reassuring users and developers that the system and all assets are “absolutely safe.” TRON’s Mainnet Attacked TRON’s founder and CEO took it to Twitter to explain...Read More
The Reserve Bank of Australia has partnered with two major local banks and ConsenSys to explore the potential use of Ethereum-based wholesale central bank digital currency. The announcement from Australia’s central bank named the other partners – Commonwealth Bank, National Australia Bank, and the financial services company Perpetual. The research group will develop a “proof-of-concept...Read More
Bitcoin has failed to sustain its level above $14,000 after breaking it a few days ago. In fact, the cryptocurrency saw a sharp decline in just a few minutes as it lost about $300. Bitcoin’s dominance has also decreased over the past 24 hours by almost 0.5% which means that altcoins are trying to claim...Read More
The latest blog post from ConsenSys developer Ben Edgington suggests that things are getting very close to the highly anticipated launch of Phase 0 of Ethereum 2.0. The first part of this milestone event is the deployment of the deposit contract which has already been slightly delayed as developers wanted to wait for an audit...Read More
For the first time in a decade, central banks around the world are selling off their bullion stocks. Economists have opined that this is a direct result of the coronavirus pandemic led fiscal stress. If the trend continues, gold prices are in for some serious freefall rides. The question is, will central banks start stockpiling...Read More
Occurring every four years, the US Presidential elections gain attention not only from US citizens but from the entire world. Being the largest country by nominal GDP and the US dollar serving as the global reserve currency, the consequences of elections’ results will be felt in the next (at least) four years everywhere. That “everywhere”...Read More
CryptoPotato recently had the opportunity to interview Brian Kerr – the CEO of the DeFi project Kava. Built on Cosmos as a proof-of-stake blockchain, Kava allows users to stake tokens and participate as validators in the network. The project saw the light of day as an IEO on Binance Launchpad. Kerr’s project description said it’s...Read More
Talks about the Anti-social Media Bill to prevent Nigerian youths from protesting against the government has reminded us about the need for decentralized social networks. Following the recent EndSARS protests against police brutality in Nigeria, the government has returned to a previous bill that intends to criminalize the use of social media to restrict free...Read More
Bitcoin finally broke the 2019 high after a brief spike that took it above $14,100 yesterday (Bitstamp). With its impressive leg up, BTC has continued to increase its dominance over the altcoins, most of which keep decreasing in their value against the primary cryptocurrency. Bitcoin Price Is Trading Around The June 2019 High Ever since...Read More
Bitcoin is censorship-resistant… The hashtag #Bitcoin is not. Over the past days, Facebook has been busy censoring all posts that include the #Bitcoin hashtag in the description. There are no distinctions: Videos, photographs, and even messages have been censored, blocking the public from accessing any information related to the cryptocurrency. Upon entering the hashtag, users...Read More
Decentralized finance exploded in popularity this year and especially during and after the summer. Apart from numerous DeFi-oriented protocols, the cryptocurrency space saw the emergence of multiple new decentralized exchanges. The sharp increase in demand led to rapid project developments and impressive volume growth. However, the speed compromised user security on some occasions. Consequently, the...Read More
Owning to the Bitcoin and the aggregated cryptocurrency market’s recent roaring rally, BTC, and crypto hedge funds have reportedly registered profits upwards of the 100 percent mark. This comes amid the rising sentiment of sidestepping banks to avail quick loans through digital assets. What does this say about the cryptocurrency industry? Bitcoin And Cryptocurrency Hedge...Read More
Bitcoin price has broken over $14,100 for the first time since January 15, 2018 – a staggering 1,020 days ago. The move has coincided with the 12-year anniversary of the first release of the Bitcoin whitepaper and $7 billion flooding back into the market during the start of the US trading session. Is this the...Read More
Bitcoin’s roller-coaster continued in the past 24 hours with significant fluctuations resulting in a few $500 moves and it finally breaking the previous 2019 high. The altcoins have taken a breather with some green charted, and the market capitalization has increased by around $15 billion. Bitcoin Goes On A Wild 24H Ride It’s safe to...Read More
Bitcoin is having a good year despite the coronavirus panics and the nervousness of the markets. After reaching an annual high of about $13863 on Oct. 28, the world’s largest cryptocurrency by market capitalization underwent a sharp correction of almost $1000 before rebounding and stabilizing at $13281. From that point on, it began a stable...Read More
