Back in October, several prominent exchanges of the cryptocurrency industry like Coinbase, Kraken, Bittrex, and Poloniex collaborated with Genesis Trading, Grayscale, DRW trading, and Anchorage to form the Crypto Rating Council. The venture was set up to rate cryptocurrencies and suggested that XRP uses “securities-like language,” while Bitcoin and Litecoin don’t. Months after being rolled...Read More
Chicago Mercantile Exchange Group’s cash-settled Bitcoin Futures contract has been up and running for the last two years now and as it celebrated its second anniversary, the CME Group noted an increase in growth in volume and customer interest. As of 17 December 2019, approximately 2.5 million contracts had been traded on CME since its...Read More
At a time of intense competition in the bitcoin mining space, Nasdaq-listed crypto mining firm, Riot Blockchain, is ramping up operations. The company has purchased over 4,000 Bitmain Antimer S17 Pros for its Oklahoma mining facility in the last month. Riot Blockchain Bought 3,000 Bitmain Miners on Dec 4 You may not have heard of...Read More
The Amended Directive to the Fourth EU Money Laundering Directive will go into force in Germany on January 1, 2020. Some of the key changes affect how the German Banking Act and Payment Supervision Services Act relate to crypto. Crypto-Assets Are Now Financial Instruments The new law defines crypto-assets in a somewhat unwieldy manner: digital representation...Read More
Stablecoins have shaped the fabric of how cryptocurrency transactions happen. The idea behind a stablecoin might have arisen out of necessity, to have an easier way to access cryptocurrencies. However, it has since radically morphed and evolved, while still addressing the initial needs. Even though there were multiple stablecoins before Tether, it now holds the...Read More
The Bitcoin network keeps improving in multiple parameters, and this time, mean block size peaked, carrying the heaviest set of transactions on record. Block Size Growth Remains Organic A Bitcoin block has a variable size, though relatively small blocks usually propagate. There is no target or limitation, and the Bitcoin network has not set out...Read More
Concealed crypto mining – using infected computers to produce hashes for specific types of coins – is using more ingenious methods to hide from operating systems. The latest exploit involves an infected image of Taylor Swift. Sophos Labs Discovers Botnet in Taylor Swift JPEG Analysis by Sophos Labs, a digital security firm, shows hackers are...Read More
Bitcoin’s comparative lull in the second part of 2019 may have many investors licking their wounds… but it’s not all bad. At the moment, there is an opportunity to buy BTC at basically ‘fire sale’ prices. At least according to the Rainbow Chart from BlockchainCenter.net. Bitcoin Rainbow Chart The Bitcoin Rainbow Chart has been around...Read More
As the BTC/USD quotation updated the lowest level since May of this year, institutional investors were in a rush to benefit from the cheap Bitcoin price. On Bakkt, the trading volume of Bitcoin futures surged to $47 million on Wednesday. Bakkt’s Surging Volume Suggest Investors’ Interest in Cheap Bitcoin Crypto analysts have voiced various predictions...Read More
The past week has been a difficult one for the cryptocurrency market, with many tokens recording a significant slump in their valuations. According to a recent report by Arcane Research, the top ten cryptocurrencies averaged a decline of around 10 percent, with major assets such as Ethereum losing over 95% of its total gains in...Read More
Two years after Bitcoin’s ATH, the US SEC still continues to deal with cases involving illegal fundraising by crypto-based companies. SEC Sets its Sights on Latest Crypto Project It has been two years since Bitcoin (BTC) reached its all-time high, with its price reaching $20,000. However, the market surge that allowed its price to go...Read More
Billionaire Tim Draper recently spoke about emerging technologies, especially blockchain and crypto, revealing what he expects will come in years to come. The year 2019 is at its end, and the next decade is ready to begin. However, while the new decade means a new beginning for a lot of people, it also means a...Read More
Bitcoin’s price noted an unprecedented price surge on 18 December, one wherein the king coin tried to recover 15.95% of its losses. In fact, within a span of nine hours, BTC’s price jumped from $6,425 to $7,449.68. According to Datamish, a derivatives data provider, approximately $1.651 million long contracts were liquidated on BitMEX, a development...Read More
India’s largest cryptocurrency exchange WazirX is constantly improving and upgrading its services. The team led by Nischal Shetty and Siddharth are working diligently to enhance the user experience. As we write, there comes a new update to their peer-to-peer payment. WazirX Cofounder Siddharth got on to Twitter to elaborate on the latest upgrade. As per...Read More
A recent “whale” transaction of 789,525 Ethereum (ETH) was claimed to belong to the wallets of the PlusToken scam. The exact holdings of ETH for the scheme are unknown, but this tranche alone is worth $105 million. PlusToken Still Holds onto Part of BTC, ETH Haul PlusToken, despite the law enforcement crackdown against the team,...Read More
Bitcoin Futures have garnered a lot of attention from the crypto-industry, especially after the Intercontinental Exchange [ICE] rolled out its digital asset platform, Bakkt, back in September. After the exchange recorded a low of 71 BTC on its first day, many had speculated on Bakkt’s impact on the market. However, the platform was quick to...Read More
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of...Read More
The cryptocurrency market has been slipping over the past few weeks, with the prices of top cryptos’ getting axed by the bear. Bitcoin has lost 13.36% of its value in December 2019, while altcoins like Ethereum [ETH] have tumbled by 21.37%. XRP has been trading at a low of $0.1805 after losing 21.09% of its...Read More
Ripple’s collaboration with MoneyGram made headlines in 2019, with the two firms united in their common pursuit to boost cross-border remittances. The American fintech company recently revealed that Ripple made a $20 million investment over its initial $50 million equity investment, after the successful experimentation of Ripple’s on-demand liquidity added a credible foundation to their...Read More
The state of the blockchain space in November shows long-running trends establishing themselves. Bitcoin (BTC) was still the leader in multiple metrics, and China was the focus as activity flowed to local markets, shows the latest Longhash report. China Emerges as Leader in Trading Activity November’s Blockchain Data Report focused on China, basing its conclusions...Read More
On December 18, the web portal Bitcoinbch.com published an informal notice explaining that merchants accepting BTC should switch to BCH because of “dangerous flaws” found in the BTC software. The problem is tied to slow confirmation times tethered to a BTC-based protocol called Replace-by-Fee (RBF), which gives individuals the opportunity to double spend on merchants....Read More
Another underwhelming period of performance took over the crypto-industry this past week. Bitcoin‘s price was significantly below $7000 at press time, whereas Ethereum‘s value was edging close to its year-to-date low with a price of $123.27. Another token that witnessed a similar fall over the last 24 hours was Tezos. However, over the last one...Read More
The cryptocurrency market noted a stable decline in prices over the past week. While Bitcoin [BTC] fell by almost 10%, Ethereum [ETH] fell by 18.17%. The king coin recorded a 24-hour trading volume of $25.01 billion, with its market cap hovering around the $121 billion mark, at press time. Source: CoinStats XRP was one of...Read More
Looking back at 2019, the crypto-industry seems to have had an eventful run as several countries and mainstream companies looked into the prospects of cryptocurrencies and its underlying blockchain technology. While several countries are ready to roll out their own CBDCs, Bitwise’s CEO, Hunter Horsley, believes that these governments have an ulterior motive behind the...Read More
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
Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses. Crypto prices haven’t been this low since May as the market valuation of the entire cryptoconomy is struggling to...Read More
When Bitcoin began gaining prominence, few bodies were as concerned as the United States’ Securities and Exchange Commission [SEC]. A currency that is not tethered to a single person or entity, operating on something that cannot be shut down, and plied by a technology that is immutable, irreversible and transparent, it was the perfect problem...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
