One of the heated topics in the cryptocurrency, regulatory, and the fintech space has been Facebook’s footprint in the digital asset ecosystem with the unveiling of Libra. This venture is viewed as a positive sign for the growth of the cryptocurrency market altogether by some, whereas criticized by many. The criticism was not much of...Read More
Logarithmic scale analysis of the entire bitcoin and crypto market, based on data from the past decade, point to the potential for the sum of all digital assets to reach a valuation of $11 trillion by 2023. Logarithmic Analysis Predicts New Altcoin Bull Run, Bubble in Coming Years Benjamin Cowen, who has dedicated previous analysis...Read More
Bitcoin (BTC) attracts the most attention with its price action. But the technological capabilities of the leading coin should not be underestimated. Bitcoin Network Evolves with Lightning Payment Innovations In 2020, more than a decade after the Genesis block was created, the Bitcoin network will have changed in unexpected ways. Beyond highly active mining and...Read More
DeFi ecosystem offers users bank like options including lending and borrowing platforms, payment platforms, derivatives platforms among several others. While most of the DeFi applications are built on the Ethereum blockchain, Ethereum seems to be making headway in the same. Ethereum not only seems to be taking a lead with regard to the applications in...Read More
Germany’s second-largest stock exchange and a major financial services group in Japan have partnered to expand their crypto operations in Europe and Asia. Boerse Stuttgart recently launched its crypto trading platform while SBI has been expanding its crypto business operations for several years. Also read: Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines...Read More
Last week the Cardano Foundation released Shelley’s Incentivized Testnet which was an entirely new software based on Jormungandr version8. CEO of IOHK, Cardano’s parent company, Charles Hoskinson shared a “brief update” with the community. While pointing out that every testnet would have some sort of issues, Hoskinson revealed that they came across several comments pertaining...Read More
As 2019 comes to an end, looking back at the year, the cryptocurrency industry has witnessed several developments in its ecosystem. However, the ones that stood out were the numerous regulations imposed on the industry. While prominent players of the industry have been abiding by these regulations, Poloniex seems to be moving against the conventional...Read More
Crypto asset manager Bitwise has written a letter to the U.S Securities and Exchange Commission (SEC), addressing the regulator’s concerns of market manipulation, which was cited as one of the reasons the SEC had rejected bitwise’s bitcoin exchange-traded fund ( ETF’s). Earlier in October, the SEC had cited concerns regarding market manipulation and surveillance sharing in...Read More
Antagonists are essential to the story. Perched on a revolving chair, running his hand through a sphynx cat’s bare skin, puffing down a half-finished cigar, is not quite how one would describe the congressman from California’s 30th congressional district, but that’s how the cryptocurrency industry sees Brad Sherman. A vocal opponent of the growing digital...Read More
The Kleiman v. Wright lawsuit continues following the plaintiff’s request to Judge Reinhart asking him to overrule Craig Wright’s recent objections. Wright’s council has responded in a joint discovery memorandum asking for access to data tied to David Kleiman’s 15 computers. Wright has also requested any documentation tethered to Ira Kleiman’s (Dave’s brother) real estate...Read More
Binance recently came under fire for purportedly suspending a Binance Singapore user’s Bitcoin withdrawal for some time after flagging the transactions as “risk management”. The platform notified the user that a few cryptocurrency withdrawals were made using coin-mixing service CoinJoin, which is part of the privacy-focused wallet Wasabi. Among other inquiries, the Binance Singapore team...Read More
One of the drawbacks the U.S regulators have constantly faced in the cryptocurrency space is the lack of regulation that was put forth, and, notably, this has been cited as one of the reasons that has stifled the growth of the market in that region. In response to this, several proposals have been made to...Read More
With XRP dipping below $0.20, it has been a tough time for bag holders to bear as this is the second time XRP has dipped below the $0.20 point in a month. Even as Ripple, the company closely affiliated with XRP, makes headway into the payment industry, the price of XRP seems to facing troubled...Read More
After CryptoKitties, the Ethereum blockchain again has an application that has been the most active on its network recently. Following the launch of its .crypto registry for blockchain domain names, Unstoppable Domains has stormed to the top of the most active dApps (decentralized applications) on Ethereum. Over 30,000 .crypto transactions were processed by users within...Read More
Unlike traditional fiat and bank accounts, cryptocurrencies provide privacy and censorship-resistance to a certain extent. But the fact that there have been many instances when cryptocurrencies were confiscated by regulatory authorities paints a picture that the government can get users’ money even if it’s crypto-money. In recent news, the US government revealed using the popular...Read More
The price of Bitcoin fell to $6,500 range on December 18, soon thereafter, the price saw a spontaneous rise to $7,400, a 15% pump in 10 hours. With longs hitting an all-time high on Bitfinex, this unexpected surge in BTC’s price saw huge liquidations of Bitcoin longs on BitMEX. Hourly Chart For now, Bitcoin’s price...Read More
A U.S. district judge has ruled that former intelligence contractor Edward Snowden must turn over the proceeds of his new book to the U.S. government. According to the ruling, Snowden failed to obtain clearance for the materials and information used in his book. The same judge previously ruled against Kim Dotcom and Megaupload. Also read:...Read More
“When things go wrong, those in power often promise to make it right. But do they?” I remember reading these lines in a New York Times news article, and for an uncanny reason, it reminded me of Bakkt and all the institutional investors that promised good days for Bitcoin, the promise of ‘Making Bitcoin Great...Read More
As Ethereum nodes kept falling over the course of 2019, nodes in Bitcoin’s network continued to grow. As per Trustnodes, Ethereum’s network was the largest when it came to the number of nodes, and the blockchain dominated the industry in terms of size. However, the number started falling in 2019, currently being down by around...Read More
Binance recently invested in the cryptocurrency derivatives platform, FTX, as a part of its strategic partnership. Binance purchased equity in the derivatives firm and also purchased long positions in the FTT token. The partnership will aim to leverage FTX’s platform to build liquidity and institutional products offered across the Binance ecosystem. FTX, one of the...Read More
Iranian President, Hassan Rouhani, has suggested a unified Muslim crypto asset in talks with the Malaysian Prime Minister and Turkish President during the Kuala Lumpur Summit 2019. Rouhani said that the move would strengthen cooperation amongst Muslim nations and enhance resistance to financial shocks and manipulation by the US. Unified Muslim Crypto Well-Received Malaysian Prime...Read More
The Bahrain-based crypto exchange, ‘Rain’ announced recently on Twitter that they had received a license from the Central Bank of Bahrain. This will allow the exchange to accept local currencies in and around Bahrain like Saudi Arabia, the United Arab Emirates, Kuwait, Oman, etc. Our mission is to bring cryptocurrency to the Middle East. We...Read More
The next Bitcoin parabolic rally may take prices as high as $141,173, based on logarithmic band analysis. But the trek to those highs may take a while testing various support levels. Bitcoin Price Prediction Based on Previous Bands Charted Forward Analysis by Benjamin Cowen based this prediction on a backward look at BTC performance so...Read More
Bitcoin skyrocketing, altcoins nosediving, scams, hacks, even central banks announcing digital currencies, 2019 had it all and then some. Looking at the onset of the next decade, the market has a lot in store. With the adoption of cryptocurrencies moving on from retail to institutions and then to sovereign, the bar for the most unlikely...Read More
The dollar price of Ripple’s token XRP has remained relatively flat, with a long-time gradual slide for all of 2019. But the story about price action may be hidden in another pair, XRP/BTC. XRP Closes In on Crucial Level Against BTC XRP may be nearing another crossroad level, though not expressed in terms of dollar...Read More
According to recent estimates, bitcoin mining in 2020 is expected to take off at an explosive pace. Miners are predicted to mine around $3 billion worth of BTC as per the coin’s current price. Bitcoin mining has always been a crucial part of the BTC network. Mining involves validating transactions, adding blocks to the blockchain,...Read More
2019 has been nothing less of a rollercoaster ride for the cryptocurrency industry and the uncertain regulatory climate in the US backs the statement. Crypto enthusiasts across the world are now skeptical of what to expect moving into 2020. Blockchain Association’s executive director Kristin Smith is of the opinion that while drastic regulation might not...Read More
After a successful Accelerator Program in Malta, the æternity blockchain-based Accelerator program Starfleet has now turned its eyes to India. The AE Ventures run accelerator program will commence from January 27th, 2019 in the Bangalore city. The accelerator program dubbed as “Starfleet India” is a great opportunity for young Indian minds to bring out their...Read More
Tim Draper, American venture capitalist and Bitcoin bull has come out in vocal opposition to India’s citizenship act, claiming Bitcoin could see collateral damage. For the past week, protests have been raging across major Indian cities around a recent amendment to the country’s Citizenship Bill, which according to critics is discriminatory on the basis of...Read More
During the last two weeks as cryptocurrency prices slid below long term foundational support, speculators assumed Plustoken scammers may be behind the dump. Blockchain intelligence firm Chainalysis published a report which claimed Plustoken coin sales might be dragging BTC prices down. Moreover, on December 19, Plustoken scammers moved 789,525 ETH ($101 million) from one address...Read More
