Open-source funding in the cryptocurrency ecosystem can be extremely challenging, so well placed grants therein can make a huge difference. That’s why the Square Crypto initiative just went to bat for one talented developer, giving that dev a grant that will help them work full time on the Lightning Network, the proposed second-layer scaling solution...Read More
Little changed in the cryptocurrency market since Wednesday, though a number of top cryptocurrencies briefly tested below under critical technical support level. Bitcoin moved toward the psychological $7,000 level as a bearish triangle breakout continues to weigh on the BTC/USD pair’s short-term technicals. It posted a short recovery since. Litecoin moved within touching distance of...Read More
For most people, buying cryptocurrencies is just a click away; there are multiple options, credit cards, debit cards, and CashApp. However, even with a number of on-ramp options, the go-to option most people choose is buying a stablecoin. Why? Simply due to the fact that they are stable and are backed by assets with mild...Read More
Bitcoin miners held a stunning competition in 2019, lifting both the hashrate and difficulty to all-time highs. But it turns out for significant stretches, mining pools absorbed serious losses. Bitcoin Miners Undeterred by Falling Prices Most of the big miners this year produced coins at a loss due to unfavorable market prices. But this did...Read More
Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a research by CoinShares. Chinese Share of Bitcoin Hashrate Highest Since At Least 2017 Currently, Chinese miners control 66% of Bitcoin hashrate. The indicator refers to the Bitcoin-related computing power that...Read More
Binance has announced a strategic partnership with Paxful that will see the peer-to-peer Bitcoin marketplace serve as a fiat-to-cryptocurrency on-ramp for the powerhouse exchange. Paxful’s web-based Virtual Bitcoin Kiosk will be integrated into the exchange and directly available on the Binance platform for both new and existing users. The aim is to provide customers with...Read More
Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the company amid an ongoing power struggle. Bitmain Partners with Bitcoin Mining Consultants in South America In a press release published on Thursday (December 12, 2019), Bitmain announced...Read More
Binance, one of the world’s largest cryptocurrency exchanges, has entered into a strategic partnership with Paxful, a peer-to-peer Bitcoin platform, to improve accessibility to digital assets across the globe. The Changpeng Zhao-led exchange has been extremely active in its quest to increase crypto-adoption and facilitate better liquidity in the industry. The present development is yet...Read More
According to a recent statement by veteran trader Tone Vays, Bitcoin price is breaking one of its major supports, indicating that bad things are coming. Bitcoin price failed to impress in the second half of 2019, despite hopes that a late Q4 rally akin to 2017 might kick off. The summer, fall, and even the...Read More
One of the biggest mysteries in the Bitcoin world, aside from the real identity of Satoshi Nakamoto, is how much of it is being bought and sold on exchanges each day. As pointed out in a tweet from Messari founder, Ryan Selkis, the answer very much depends on who you ask. Bitcoin Volumes – Compare...Read More
The research division at Arcane Crypto AS, Arcane Research, recently published its weekly update report, a document that spoke about cryptocurrency market activity on both exchanges and P2P platforms, while also touching on Bakkt statistics and Bitcoin’s price action over the past seven days. In the report, Arcane Research pointed out how the market had...Read More
BitMEX, the world’s largest exchange in terms of reported volume, has announced its support for Bech32 address format. Users will now be able to withdraw Bitcoin via the native SegWit format. The exchange announced, “As of today, BitMEX is delighted to announce that customers can withdraw to all three address formats.” At press time, BitMEX...Read More
Bitcoin and crypto derivatives behemoth BitMEX is being sued for $300 million for providing false equity information to a couple of early investors. According to recent reports, BitMEX is in hot soup, and so is the exchange’s founder, Arthur Hayes. The bitcoin futures company and its founder are facing a $300 million lawsuit, which accuses...Read More
“We are not a regulated entity because we are… And I don’t think the network layer should ever be regulated,” said Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation. Both Ripple and Stellar have explored ways to make cross-border payments easier. While the former has repeatedly called for an international framework for...Read More
According to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining Trust I, reportedly allow for investors to gain wrapped exposure to bitcoin and to...Read More
Twitter CEO is on a mission to decentralize the web. In a series of tweets on Wednesday, Jack Dorsey put forth his view of revolutionizing social media, starting with Twitter itself. Twitter is funding a small independent team of up to five open source architects, engineers, and designers to develop an open and decentralized standard...Read More
The Stellar Development Foundation won’t be airdropping 2 billion in Lumens after all. In a blog post yesterday, Keybase and the Stellar Development Foundation announced the cancellation of its 2 billion Lumens airdrop program after getting attacked by “hordes” of fake accounts. “This month will be our last of the Stellar Space Drop. On the...Read More
The introduction of Libra was met with a lot of reaction from all corners of the crypto-space, with many hotly contesting the utility and functionality of Facebook’s crypto-project. In an exclusive interview with a media outlet, CoinMetrics’ Nic Carter claimed that the social media company has made a huge miscalculation with the Libra project. Carter...Read More
Security is one of the key evolving aspects of the crypto-industry and the cryptocurrency market. Over the years, many exchanges across the world have fallen victim to hacks. These incidents often raise a lot of questions within the community, especially with regard to the credibility of certain asset custodians. On a recent edition of Untold...Read More
An artificial intelligence-driven personality research on the characteristics of crypto industry leaders such as Vitalik Buterin, Justin Sun, and Brian Armstrong found that intellect, liberalism, and cautiousness are their top personality traits. And a comparison with general tech titans showed that crypto leaders are 98.4% more likely to demonstrate anger and 46.4% more likely to...Read More
Twitter plans to move its platform onto the blockchain. The social media giant is putting together a team to develop an open, decentralized standard for social media, with Twitter as one of its first clients, announced CEO Jack Dorsey. Jack Dorsey, the idiosyncratic CEO of Twitter and Square, announced that Twitter is funding a five-person...Read More
In a recent interview, Bitcoin Cash’s Roger Ver, hailed by many as “Bitcoin Jesus” in the community, spoke about the use of cryptocurrencies in times of financial crises, the upcoming Bitcoin halving and the challenges cryptocurrencies face today. During the interview, Ver said that he thinks financial crises are not inevitable, adding that they are...Read More
Anyone who thought that the lead Satoshi Nakamoto impersonator, Craig Wright, would finally have accepted defeat and scurried off back into obscurity again by now, must be getting increasingly disappointed. Despite losing the well-documented Kleiman case back in August, Wright is still trying to wriggle out of paying the $658,000 legal fees. The (Highly Implausible)...Read More
The Matic Network’s MATIC token broke Crypto-Twitter recently after its price plummeted by about 70.75% in just three hours. Following the same, a lot of people suspected foul play, with the founder of a cryptocurrency evaluation platform, Validity, Samuel JJ Gosling, alleging that the platform had sent over 1.5 billion tokens worth $70 million MATIC...Read More
In a recent interview, Andy Cheung, Head of Operations at OKEx, discussed the overall developments in the crypto-derivatives market and spoke about the resurgence of regulatory compliance within various digital asset exchanges. Over the past few months, the likes of Bakkt and CME have solidified themselves in the industry by competing with regulated institutional offerings....Read More
Cardano founder Charles Hoskinson has announced the cancellation of an MMA charity fight featuring himself and YouTube commentator Chico Crypto. Though both opponents previously agreed to the fight in a now-deleted Twitter thread, the agreement seems to have fallen through. On the morning of Dec. 10, Hoskinson posted: “Fight’s off.” In a linked interview, Hoskinson...Read More
Recently, Matter Labs published a blog post which expanded on recent advances in zero-knowledge proofs, and their vision for ZK Sync, a trustless scaling and privacy solution based on ZK Rollup for Ethereum. The post mentioned how ZK Sync was designed to bring a VISA-scale throughput, enabling thousands of transactions per second while keeping funds...Read More
Twitter and Square CEO, Jack Dorsey, has just announced that Twitter is funding a small independent team to develop an open and decentralised social media standard. The ultimate aim is for Twitter to then be a client of this new standard. Dorsey Brave New World Dorsey described the plans in a tweet thread earlier this morning, and...Read More
Africa’s first stablecoin, the Africa Stable-Coin(ABCD) is backed by Nigeria’s national currency, the Naira. Also, the fiat-backed crypto is built on Binance’s native blockchain, the Binance Chain. The crypto momentum in Africa doesn’t seem to die down. Budding startups are leveraging blockchain and decentralized ledger technology to create novel applications that will change the future...Read More
Trading volume lost its value as an effective metric to rank exchanges and, consequently, digital assets. As a result, CoinMarketCap is planning to switch over to a new barometer that will provide “real trading activity,” according to the firm’s Head of Strategy Carylyne Chan. Rankings by Liquidity CoinMarketCap faced significant backlash earlier this year after...Read More
