Tron has been on a roller-coaster ride in 2019, with it being ranked among the top 10 cryptocurrencies, before then slipping out of the top 10 by the end of the year. However, despite many challenges in the market, the twelfth largest cryptocurrency’s DApps have been gaining popularity this year, along with its acquired firm,...Read More
Ethereum has been free-falling for quite a while now and yet, the bottom doesn’t seem to be in yet. However, a largely bullish pattern has formed, with ETH bouncing in it and starting its mini-rally on the daily time frame. Daily Chart Source: ETH/USD on TradingView Although there is a formation of a bullish falling...Read More
The year 2019 began with a flat start. However, as the year progressed, hopes for another bull run gained momentum. However, it did not take much time for the community to notice that there was no bull run or alt season, but just another period where most cryptos shed their value. According to a research...Read More
Lightning Network adoption has increased over the last few months, with more and more exchanges now integrating it. According to a recent announcement, San Francisco-based financial firm, River Financial, is the latest to enable Lightning deposits and withdrawals. Developed to increase Bitcoin’s scalability, Lightning Network’s adoption was slow for the whole of 2018. However, in...Read More
A total of 33.2 billion TRX tokens are scheduled to be released into Tron’s circulating supply on 1 January 2019. This marks an important step in Tron’s journey as the release constitutes about 32% of its total circulating supply. This dilution in Tron’s circulating supply could have devastating effects on its price. Tron, a major...Read More
Bitcoin (BTC) is once again stuck in a range, moving for weeks between support and resistance levels around $7,000 to $7,500. Now, new analysis pegs a support of $7,800 as a sign of a new bullish trend. Bitcoin Stuck in a Range Ahead of New Year Bitcoin prices rallied close to $7,500 in a weekend...Read More
Bitcoin started its 2019 journey being valued at around $3k. With time, however, the BTC market reflected strong bullish momentum that carried the coin to its yearly peak at $13k. However, this wave of bulls receded once the bears approached the market. The coin that was once speculated to surpass $20k fell and was valued...Read More
When Monero (XMR) users choose to veil their transactions, they cannot be traced between the sender and receiver. This finding by an Europol official contradicts previous discoveries that XMR transactions can reveal some of the identities of users. Blockchain Analysis Impossible for Monero Network At least when it comes to the authorities, transactions on the...Read More
U.S. law enforcement filed in November criminal charges against Ethereum researcher Virgil Griffith because he traveled to North Korea and taught “his audience how to use blockchain technology.” Griffith was arrested on Thanksgiving Day and has been forced to remain in prison the whole time. On Dec. 26, SDNY Magistrate Judge Barbara Moses refused Griffith’s...Read More
With the dry season approaching, Bitcoin miners in China’s Sichuan province may be forced to reduce their electricity consumption. Prioritizing Communal Electricity Needs Over Crypto Miners According to Asia Times, authorities in Sichuan Province, China, are reportedly leaning on Bitcoin miners to cut down electricity consumption. This news comes amid the dry season in Southwest...Read More
Ripple has been at the forefront of promoting XRP in different parts of the world through its cross-border payments service. RippleNet has managed to diversify its network with over 300 financial institutions, allowing most of them to use its on-demand liquidity services. Although the price of the digital asset still worries many within the community,...Read More
From a time when they were viewed as tools for outlaws, cryptocurrencies have come a long way. However, the same cannot be said for those cryptos that take pride in their privacy-enhancing features. Governments and international bodies the world over continue to tread cautiously around cryptocurrencies such as Monero and Zcash, with privacy coins struggling...Read More
How regulators see Bitcoin is more important than how the market sees it. With Bitcoin surging by over 250 percent this year, 2019 has been a busy year for the cryptocurrency market. One of the busiest parties in the market were the regulators, particularly the Securities and Exchange Commission [SEC]. Unlike the previous year where...Read More
The number of Bitcoin ATMs has risen by around 50% in 2019 to hit a total of 6384 according to CoinATMRadar. But have you ever met a person who actually uses one, and if so, who, and why? Who Is Using All These Bitcoin ATMs? December 2019 was a momentous month for many reasons, perhaps...Read More
According to the South Korean Ministry of Finance’s new announcement, the country’s current tax laws do not include the taxation of profits made through trading crypto. The Ministry of Finance and Strategy in South Korea recently resolved the confusion regarding the taxation of profits made through crypto trading. According to the Ministry’s announcement, the current...Read More
With the ongoing conversation surrounding central bank digital currencies (CBDCs), the International Monetary Fund (IMF) is examining its potential role in future sovereign digital currency issuances. IMF Weighs Pros and Cons of CBDC In an analysis posted on the IMFBlog earlier in December, the IMF discussed its potential role within the emerging CBDC discussion as...Read More
A recent statement from an online broker, TD Ameritrade, shows that the firm still hasn’t ruled out adding XRP to its platform, causing the coin’s community to speculate about its potential addition. The adoption of cryptocurrencies continues, and many expect that the following decade will be crucial for the crypto trend. With every little victory...Read More
The Bitcoin (BTC) market will have another source of risk – trading in options. The intention of derivative instruments is to hedge the risk for owners, or potential buyers. But trading option positions holds an additional risk of its own. Bitcoin Options Exposure Expected to Grow Next Year Options exposure is growing, as the markets...Read More
Bitcoin Options are gaining traction as new derivatives exchanges are adding improved products to attract more users. One such exchange is Deribit, an exchange that provides Bitcoin Options trading. The exchange saw a loss in Open Interest after its December expiry from $489 million to $202 million. The BTC Options contract on Deribit expires each...Read More
The size, liquidity, and growth of crypto markets are still in its infancy. Even all crypto-related activity is still minimal in comparison to traditional assets. Global Stock Markets Add More Than 3 Times the Total Value of Crypto Assets in a Week Global stock markets continued to rally in 2019, despite some fears of a...Read More
China has been making an effort to lead the blockchain revolution, with the country planning to launch its own state-backed stablecoin, for the same reason. However, it has discouraged the general public from using cryptocurrencies by stating that it violates the People’s Bank of China’s [PBoC] provisions. However, despite the fact that the country was...Read More
With Bitcoin exchange-traded funds [ETF] still awaiting approval from the U.S. Securities and Exchange Commission, derivatives have become the product of choice for most Bitcoiners. The highly anticipated Bitcoin derivatives platform, Bakkt, finally launched this year and it has since noted record trading volumes. Bakkt’s delayed launch might be the reason for its measured start....Read More
While dozens of the world’s economic leaders participate in extreme monetary easing policy, central banks have also been hoarding gold. Central banks accumulated over 668 tons in gold purchases this year, which is more than 2018’s record numbers. In fact, the key drivers in gold demand this year stemmed from central bank purchases, most of...Read More
An investigation launched on the request of a French startup has led to the indictment of a 37-year-old entrepreneur accused of stealing 182 BTC from the company he cofounded. Embezzlement of money is one the charges brought against him by the public prosecutor’s office in Paris. Also read: Russia’s Supreme Court Recognizes Tokens as Assets...Read More
From governments to mainstream companies, everyone has looked into cryptocurrencies and blockchain. While the industry did welcome many big shots, the price of most cryptocurrencies including Bitcoin witnessed massive price drops this year. As 2020 is just days away, several have been speculating the price movement of the king coin and the other altcoins. Caleb...Read More
2020 has highly-anticipated events like the Bitcoin halving, launch of a state-backed cryptocurrency, Proof-of-Keys event, Ethereum’s Muir Glacier and Berlin, among many. Facebook’s Libra project was supposed to take-off in 2020, but looking at the regulatory whirlpool, Libra is in, the launch may have been pushed for later. However, the introduction of Libra alarmed countries...Read More
Ethereum (ETH) has chosen the year’s most inactive day to perform a hard fork. On January 1, the Muir Glacier hard fork, as it is known, is supposed to once again delay the difficulty time bomb. Difficulty Diffusion Simply Forgotten During Istanbul Hard Fork The reason for choosing that date is ignominious, as the developer...Read More
On one hand, the Ethereum community has been gearing up for the transition of the network from Proof-of-Work [PoW] to Proof-of-Stake [PoS] with Ethereum 2.0, the members of the Ethereum Classic community, on the other hand, have leaned toward the Proof-of-Work algorithm. The founder of ETC Labs, James Wo previously expressed that ETC wasn’t looking...Read More
When Bitcoin was introduced to cypherpunks in 2008 by Satoshi Nakamoto as a peer-to-peer payment system, it was immediately labeled as a revolution as great as that of the Internet. However, as the cryptocurrency started to garner more attention with each passing day, the shortcomings of the blockchain technology have become more and more evident. ...Read More
So apparently, it was Christmas this week… Did anybody get any bitcoin? Bitcoin Price So we didn’t really get much of a Christmas present when it came to bitcoin price this year. A push at the start of the week took us to $7.6k, but bulls failed to capitalize on that and prices dropped back...Read More
