According to reports, the New York-based private equity firm Fortress is offering Mt Gox creditor claims at $778 per coin. The offer is 13.5% lower than what Fortress offered in July and Mt Gox claimants have until December 31 to accept the offer. Also read: Reports Criticize Bitcoin SV Miners and the Chain’s Upcoming Fork...Read More
When we talk about technological advancement or the financial landscape, China is a nation that remains omnipresent in the discussion. 2019 has been an eventful year for cryptocurrency and blockchain, and China’s involvement did not go unnoticed in the industry. Earlier this year, Xi Jinping, China‘s president vocally conveyed support for the blockchain technology but...Read More
The scalability trilemma, coined by Ethereum’s creator Vitalik Buterin, stated that a blockchain can “only at most have two” of the three aspects: decentralization, security, and scalability. With Proof-of-Work blockchains sacrificing scalability, Proof-of-Stake was touted as the approach forward. However, more and more exchanges are getting involved in the process of Staking, some have expressed...Read More
Optimism is currently a word forgotten from Bitcoin‘s dictionary! Since November, the largest digital asset has faced substantial volatility in the market, and it is fair to say, the altcoin market cap was equally affected as well. Ethereum registered a drop of over 8 percent on 17th December, causing the 2nd largest crypto to shed...Read More
As 2019 nears its end, crypto proponents in the digital asset industry are already vocal about their speculation on Bitcoin’s price in 2020. Over the past twelve months, Bitcoin registered a year-to-date high at $13,800 on 26th June but the ongoing market corrections caused the valuation to slump by 50 percent. The price swing dampened...Read More
Serial forger, fantasist, and the world’s most famous Faketoshi, Craig Wright, has been at it again. This time ‘proving’ that he genuinely is Satoshi Nakamoto, by sharing a timestamped document, revealing the pseudonym’s origins… Or at least holding up a blurry printout with some writing on it, during a Skype interview with a sympathetic journalist. Rather than,...Read More
Bitcoin tried CME and tested Bakkt in the derivatives market of 2019 In the past two years, few things in the cryptocurrency market have changed. Bitcoin and Satoshi impersonators are still running rampant, the SEC is still unclear on how to regulate token-issuances and Bitcoin is, yet again, ending the year on a higher-low. One...Read More
Despite regulatory uncertainty, the developers of Facebook’s Libra project continue forward. Recently, the Libra team released its second Roadmap, with points preparing for mainnet launch. Facebook’s Libra, which still has no hard and fast dates for an actual launch, continues to build up its community. A recent blog post by its developers suggest the project...Read More
Bitcoin (BTC) has tended to look “boring” in 2019. But the coin has regular, dramatic price moves, exceeding 20% per day. This behavior has continued since BTC moved into the mainstream. Bitcoin Surprise Moves Happen Despite Overall Low Volatility Bitcoin saw volatile days from 2017 until now, with 20 occasions of price moves above 20%....Read More
Ripple’s partnership with SBI and MoneyGram proved to be beneficial for expanding the digital asset’s use cases. During the Swell Conference of 2019, Ripple spoke about several partnerships it had kept undercover, which will be announced in 2020. As the year comes to an end, Ripple talked about three major themes of 2020 that might fuel...Read More
Crypto research group Coin Metrics recently released issue 30 of its “State of the Network” series, which ranks crypto assets by auditability. Taking into account node operation, synchronization, normal operation, code audit and extraction of ledger data, the top 10 cryptocurrencies by market cap were ranked. These were also ranked on ease of ledger reconstruction,...Read More
Are authorities in Australia starting to turn bearish on cryptocurrency as we enter a new year? The nation’s AML Agency ‘AUSTRAC’ has now revoked three of its previously issued licenses to cryptocurrency exchanges for alleged criminal ties. AML Agency Cancels 3 Cryptocurrency Licenses According to Australian news site itnews, the Australian AML Agency AUSTRAC has...Read More
Ripple announced raising $200 million Series C funding, led by Tetragon with participation from SBI Holdings and Route 66 Ventures. This investment set a record for the company and affirmed the value of blockchain in improving global payments. SBI Holdings’ partnership with Ripple has been cemented through its venture, ‘SBI Ripple Asia’ to fuel ODL...Read More
With many countries clarifying regulatory stance on crypto, U.S. Congressman Paul Gosar introduced a draft bill for the same. The bill dubbed the ‘Crypto-Currency Act of 2020’ was introduced to shed light on which Federal agencies regulate digital assets. These agencies will be required to notify the public of any Federal licenses, certifications, or registrations...Read More
The U.S. cryptocurrency scene might be on the way to seeing clear cut crypto regulations as Congress prepares to consider a new bill detailing modalities for digital asset oversight. Clear Definition for Digital Assets According to Forbes, the proposed bill titled ‘Cryptocurrency Act of 2020’ seeks to provide a clear framework for crypto regulations in...Read More
The past four months saw Bitcoin volatility continue to rise, as prices moved between highs above $10,000 and lows near $6,500. But transaction levels also tell a story of sudden activity just before or during active rally phases. Bitcoin Activity Linked to Transaction Spikes, but Also Sharp Drops Bitcoin transactions, both in number and size,...Read More
Bitcoin is still in a consolidating bull market, shows the 2020 prediction of Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Bitcoin Evaded the Worst Scenario of Fast Slide, So Far The behavior of BTC has been erratic in the last months of 2019, leading to even more erratic predictions for the next year. But...Read More
The leading global crypto exchange, Binance announced its strategic investment in the cryptocurrency derivatives exchange, FTX, incubated by liquidity provider Alameda Research. The investment amount was not disclosed. With regard to the partnership, the Malta-based crypto platform and FTX will essentially work together to further develop the cryptocurrency ecosystem. According to the official blog post,...Read More
As 2019 approaches its end, many are sharing their views on what 2020 and the future of Bitcoin may look like. Fundstrat’s Head of Research, Tom Lee, seems to be very optimistic. The end of the year for crypto usually means the time when prices are surging, although this seemed more and more unlikely in...Read More
South Korea’s leading telecom company, KT is all set to launch its digital currency called Dongbaek Currency. According to reports from a local publication, the blockchain-powered “local currency” will be rolled out in the city of Busan on 30th December. This initiative aims to strengthen Busan’s local economy and to help small stores and merchants. However,...Read More
In the last two days there have been two critical posts published against the Bitcoin Satoshi’s Vision network (BSV). On December 17, Binance Research published an allocation mining report that analyzed the mining activities of BTC, BCH, and BSV and the research detailed that BSV miners are mining irrationally to protect their investment. The following...Read More
Binance, the Malta-based cryptocurrency exchange, has launched BCH/USDT (Bitcoin Cash) Futures contracts with up to 75x leverage on its Binance Futures trading platform. Binance Futures was in news recently for rolling out its Ethereum(ETH) Futures contracts up to 75 times leverage. It has now launched its third perpetual contract, BCH/USDT with leverage up to 75...Read More
On December 17, the European Central Bank (ECB) published a report that showcased its blockchain technology proof-of-concept. One particular feature the central bank digital chain holds is the ability to issue “anonymity vouchers.” Also read: Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’ ECB Report Explores Anonymity in Central Bank...Read More
On December 18, Bitcoinbch.com published a video explaining how easy it is to double spend BTC transactions in the wild. Not long after the film was released, the payment processor Travelbybit announced it would be removing both BTC and BCH payments for over 400 Australian merchants. Unfortunately, a few BTC proponents claimed BCH has the...Read More
2019 has been a wild ride for the cryptocurrency industry. After going below $6.5k, Bitcoin underwent an aggressive rally on 18 December and surged over $7k, with the king coin continuing to exhibit high volatility. According to a recent report by LongHash, the intra-month volatility of cryptocurrencies and crude oil was found to be much...Read More
Bitcoin‘s falling price is currently manifesting into a domino effect for all its fundamental statistics. After its mid-year bull surge, Bitcoin’s valuation has acclimatized itself to the lower ranges of the charts over the past two months. After peaking on 26 June, Bitcoin remained above $10,000 for a major part of the following 88 days...Read More
Noted cryptocurrency exchange, Poloniex, in a recent statement, has announced that it will be offering a 65% Annual Percentage Rate (APR) on USDC deposits and 8.5% on USDT (Tether) for lenders located in the European Union. EU customers: Got $USDC or $USDT? Get interest ? Starting now, USDC & USDT lending is open for EU...Read More
Things are not looking Merry for Ethereum over this Christmas period. After initially being one of the standout performers of 2019, ETH’s valuation suffered owing to major slumps over the past two months. However, despite losing all its positive yield in 2019, Ethereum’s current price may be highlighting a long-term trend reversal for the world’s...Read More
The ongoing legal dispute between the self-proclaimed creator of crypto, Craig Wright, and the estate of his former business partner, Dave Kleiman, is far from over. The latest filing is sure to confuse, enthuse and amuse you in equal measure, as it lays out a memorandum of joint discovery before the case heads back to court. Thought...Read More
Crypto-mining equipment manufacturing firm, Bitmain, has been all over the news following the controversial change in its management. It made headlines after Co-founder Jihan Wu took over as CEO, with Micree Zhan ousted from the company. Bobby Ong, Co-founder of CoinGecko, spoke about the same and the Bitcoin halving after he appeared in a recent...Read More
