Ripple’s XRP is the third-largest cryptocurrency by market cap. But its massive supply and a number of other factors will continue to be at the root of its struggles as we enter a new year. The Rise and Fall of XRP Just like all the major cryptocurrencies, XRP price enjoyed its heyday at the start...Read More
No filter – this is what Rita Ora promised on her Instagram profile, when she appeared to sport the Bitcoin (BTC) logo. Crypto assets are no strangers to celebrity promotion, but the memefication of the Bitcoin filter is adding another layer to the coin’s popularity. Rita Ora Appeared with Instagram Bitcoin Filter Singer Rita Ora,...Read More
New research discovered that running a full node is time-consuming and requires extensive computational resources. The observation shows that for XRP, EOS and Binance Chain networks in particular, a full blockchain audit requires days of computation and dedicated machines. Distributed Ledgers Prove Difficult to Audit The promise that a distributed ledger can be easily kept...Read More
Richard Sanders, a lead investigator at CipherBlade, claims that HitBTC is the “longest-running and potentially largest scale criminally fraudulent entity” in the crypto space. HitBTC Might Be Insolvent, Sanders Says While HitBTC markets itself as one of the leading crypto exchanges out there, Sanders alleges that the firm is insolvent. In a recent Medium post,...Read More
During the most recent slide in Bitcoin (BTC) prices, futures markets caught fire. The Bakkt physical delivery exchange has now reported a new record high in open interest on the platform. Bakkt Open Interest Signals Rapid Funds Inflow Bakkt futures allow for betting both on the upside and the downside of BTC. Now, a bearish...Read More
Ripple, Inc. looks to be on an expansion spree, despite the industry-wide layoffs with smaller crypto startups. Not even the price drop of XRP seems to faze the company, which is on a mission to offer a payment protocol to compete with SWIFT. Ripple Expanded Staff in December Ripple statistics show the latest hirings in...Read More
The rapid slide in Bitcoin (BTC) prices led to more talks of calling the bottom on the most recent downward trend. Jacob Canfield, a leading Tradingview bitcoin analyst, believes $5,500 will be as far as the asset falls. Bitcoin Slid Under $6,900, Signalling Downward Pressures Bitcoin price fell by 4.31% in the past day, sinking...Read More
The Bitcoin (BTC) halving narrative remains one of the chief sources of price speculation going into 2020. Altana Digital CIO, Alistair Milne, says we’re likely to witness 5 events take place before the big day arrives. Pre-Halving Months Will See Bitcoin Accumulation The Bitcoin halving event is less than 150 days away, and while it...Read More
Bitcoin (BTC) reached its all-time high on December 17, with an intra-day peak at $20,089.00. The coin arrived at that level after a turbulent month of exorbitant daily gains, but what’s different two years on? Bitcoin Only Spent a Moment at Peak Prices Soon after reaching the fabled $20,000 mark, Bitcoin’s parabolic trend turned for...Read More
An Ethereum wallet address loaded with 530k ETH from the ICO pre-sale has dumped over half since September 25. Prior to this date the tokens had been HODLed since the 2015 Initial Coin Offering. Pre-ICO ‘Whale’ Account The wallet address (and recent sell-off) was brought to the public attention in a tweet from D5 -Data Science...Read More
The crypto sector has gone through a turbulent year, with significant developments in the background. Despite the setbacks, there are expectations for significant trends that will shape the moods, attitudes, and decision-making in 2020. Report Lists Growth Vectors and Failing Crypto Trends The year 2020 comes with various predictions as the Bitcoin (BTC) market is...Read More
The Italian cabinet has decided to financially assist Popolare di Bari bank with a 900 million euro-large capital injection. The establishment is the biggest lender in the southern part of the country. According to new reports from Italy, this Sunday, the country’s government decided to approve an emergency decree regarding one of its major lenders,...Read More
The level of Bitcoin on-chain activity has declined since June, sliding just as market prices sank from their yearly peak. Transactions also saw a spike in October when BTC touched $10,000 again briefly. On-Chain Bitcoin Transactions Correlate with Exchange Price Action On-chain transactions for BTC often coincide with heightened trading interest. This led to slowing...Read More
During the presentation, given to The Empire Club of Canada, Governor of the Bank of Canada, Stephen S. Poloz laid out some interesting reasons why he believes cash is better than crypto. Modernising Canada’s Ageing Payments Systems Poloz spoke about the role of technology in affecting how Canadians made payments. He suggested that the majority...Read More
In the past month, European business hours became extremely active for bitcoin futures trading on BitMEX futures. European Traders Pick Up the Slack on BitMEX New data shows European bitcoin traders became active in the past month, making up the bulk of volumes on the BitMEX XBT/USD perpetual contract. European hours have been the most...Read More
In a recent interview, Dan Morehead revealed his thoughts on bitcoin and its future, including the ability to disrupt at least 50 industries. With 2019 looking to end, bitcoin has been one of the hottest topics this year, as many expect the next decade to be all about digital currency. For the moment, BTC’s price...Read More
The Tokyo-based crypto exchange, Coincheck, announced that it is terminating its leveraged trading service, in a blog post this morning. Settlement and Transfer Deadlines The planned end date for leveraged crypto trading is 12:00 on Friday, March 13, 2020, by which deadline all open positions should be settled. Customers will then have until the end...Read More
Bitcoin price marked exactly one year since the lows of the 2018 bear market. Since then, the coin has improved its shape, despite going through periods of volatility. BTC Escaped Capitulation in December 2018 BTC reached lows near $3,200 on December 15, 2018, following a long slide since peak prices in late 2017. In one...Read More
Bitcoin has achieved market capitalization close to some of the biggest corporations, ranging between $100 and $300 billion. But taken in proportion to the size of the world’s financial system, BTC may have a different valuation. Debt Issuance Shows No Signs of Slowing The bloated worldwide debt, fueled by extreme quantitative easing in the last...Read More
The Litecoin network has gone through what looks like a series of “dusting attacks”. Multiple addresses received “dust” amounts of LTC on at least two large-scale occasions in August and November, with other unusual spikes in transaction counts and wallet activity. Dust Attacks Connect Multiple Wallets and Addresses An attack of this type is seemingly...Read More
Surely I can get through this introductory paragraph without mentioning the UK election. Must be some other news to cling to. If possible I could also tie in some spurious bitcoin comment… Can you buy a National Health Service with bitcoin? Or I could just mention that Miss Jamaica won the Miss World 2019 competition...Read More
Customers of Pittsburgh, Pennsylvania based bank holding company and financial services corporation PNC are having a tough time. But why? It has become exceedingly difficult to connect bank accounts to popular payments app Venmo. PNC Bank and Venmo are at War With Each Other As reported by the Wall Street Journal, a few hours ago,...Read More
The number of billionaires holding Bitcoin continues to grow. The latest magnate to go public with his BTC purchase is the philanthropist Bill Pulte, who now wants to promote the benchmark crypto’s adoption. Billionaire Bill Pulte: “Cryptocurrency can help the world’s poorest.” Bill Pulte is the head of Pulte Capital Partners, one of the directors...Read More
Bitcoin has had its share of unnerving time periods – but over the last decade, it has been one of the best investable assets. Appearing as a “black swan”, BTC reached extraordinary valuations. Bitcoin Became a ‘Wild Card’ for Personal Finance Acquiring $1 worth of BTC in 2010 would translate into more than $90,000 today,...Read More
Large funds are constrained by rules about profitability and portfolio balancing – hence they may be forced to shed assets like bitcoin that have the potential to return magnanimous gains. Diversification and Profitability Constraints Make Fund Managers Sell So far, stock selection rules and the fact that fund managers need to show profitability in their...Read More
According to a recent statement by Vitalik Buterin, he managed to convince the Ethereum Foundation to sell 70,000 ETH at the height of 2017’s parabolic run, resulting in a $100 million liquidity. ETH is still the second-largest cryptocurrency by market cap. However, its price today is nowhere near what it used to be two years...Read More
The VeChain (VET) buyback program, which boosted the token price, was shaken by a recently discovered loss from the central wallet. The most probable cause was an insider gaining access to the wallet’s private keys, or a human error leading to an exploit. Insider Procedure Flaws Led to Theft VeChain reported 1 million coins lost...Read More
The Lisk (LSK) project, one of the most high-profile ICOs from 2016, came upon hard times. Despite the relatively solid backing, LISK ended up having troubles keeping all of its staff. Loses Team to Layoffs, Developers Leaving Lisk’s team was one of the most significant features of the project, and the startup held offices in...Read More
Another chart of Bitcoin (BTC) price movements shows that in hindsight, periods of appreciation coincide with active, concerted minting of Tether (USDT). Bitcoin Cycles Coincided with USDT Printer In hindsight, Bitcoin price moves upward coincided with the printing of Tether (USDT). The correlation was especially flagrant in 2017, when the supply of USDT expanded in...Read More
A proposed bill on remittance insurances mentions Ripple and XRP as the newest developments in payment channels. Increased cross-border remittances have alerted US regulators to the opportunities for tracking and securing funds. Potential Future Platform for Significant Remittances Ripple’s XRP was mentioned in relation to cross-border payment systems in the proposed bill text. The pending...Read More
