After touching an 8-month low on November 25, the Ethereum community saw the flagship coin make some modest gains, including a brief move up to $156 two days before December began. Since then, ETH has been consolidating between the $150 and $146 marks, with a value of $148 at the time of writing. CoinMarketCap shows...Read More
A Bloomberg article published on December 4 cited a study conducted by the San Francisco-based ‘Crypto Fund Research’, which stated that nearly 70 crypto-focused hedge funds catering to pensions, family offices and wealthy individuals had closed down this year. It also claimed that the number of new funds launched this year is less than half...Read More
Bitcoin’s journey through 2019 has been extremely volatile; starting at $3,000 and reaching a high of $13,800. Bitcoin’s price seems to be stuck in the $7,000 range for more than two weeks and the pattern formed since then indicated an incoming bearish move. BTC is in an ascending channel forming higher highs and higher lows....Read More
Transactions executing on Ripple’s On-Demand Liquidity [ODL] platform, previously known as xRapid, is on the rise. The fourth quarter continued to exhibit positive metrics for the XRP ecosystem despite the market’s bearish price momentum. In the latest development, XRP enthusiast, H_M_X revealed that transactions on the MXN corridor amounted to over $100 million out of...Read More
The largest privacy-oriented cryptocurrency, Monero, recently upgraded its network in order to make the network ASIC-resistant. Prior to this upgrade, the network used to see a constant algorithm update to ward off ASIC miners; however, the recent change from CryptoNightR to RandomX promises to keep the network ASIC resistant for a much longer duration. Along with...Read More
Nvidia has urged a US judge to dismiss a case brought by investors who say it misled them over crypto mining revenues. The company claims that the plaintiffs had cherry-picked information and relied on analysts who were clearly speculating on its financials. Lack Of Transparency Over Crypto-Mining Demand The case was initially brought, back in December 2018,...Read More
The Malta-based crypto exchange has been in the limelight often as it brings out new updates for the flexibility of its users. Let us wrap Binance updates of last week in a nutshell – Binance Launches Leveraged ETH/USDT Futures Trading Binance platform enabled ETH futures contract with 50x leverage. In initial phases, trade ETH futures...Read More
EOS, the seventh-largest cryptocurrency on the market has seen its ratings downgraded to “C” by the crypto rankings company, Weiss Crypto Ratings. In a tweet, published on December 6, Weiss stated that the Block.one cryptocurrency has seen a “Failure to decentralize,” and hence it has been handed this setback. Their tweet read, 1/6 We’ve had...Read More
Litecoin (LTC) has a limited potential, and will most probably fail to fulfill its promise of being silver to Bitcoin’s gold. Recent points made by entrepreneur and blogger Sylvain Saurel show that LTC has lost its momentum and is becoming irrelevant. Litecoin Rode on the Back of Bitcoin’s Rally Litecoin caught the price momentum at...Read More
Ethereum-based decentralized exchange, Uniswap has been one of the few projects in the Ethereum ecosystem that has been making constant developments. Even Vitalik Buterin chose the platform as one of the top three dApps making headway in terms of adoption. Buterin had stated, “I mean in terms of things that people are using, Maker, Augur,...Read More
Despite the current upside momentum exhibited by the cryptocurrency market, XRP was trading below its crucial $0.23 resistance point and has been tagging slightly above the $0.21 support area. At press time, XRP was trading at $0.22 after posting minor gains of 1.96%. Source: Coinstats XRP’s 1-Hour Chart: Source: XRP/USD on TradingView XRP’s hourly chart...Read More
Recent reports by the South Korean press warned that North Korea might be expanding its crypto social media monitoring. Yesterday’s report by NK Economy claims that North Korean firm Marine Chain is actively keeping an eye on leading names in the crypto and blockchain space This would not have mattered for most other companies, but...Read More
RBI Governor Shaktikanta Das, on Thursday, announced that India will soon launch it’s own Central Bank Digital Currency (CBDC). Amidst a court case on the Cryptocurrency ban in India, this news comes as a hope for crypto in the future. India is a land of diverse mentality with a constant feud of banning cryptocurrency or...Read More
BDCenter Digital Insights recently published its ‘Crypto Exchanges’ report, which covered the occurrence of cryptocurrency exchange names in specialized media outlets over the world. By analyzing the headlines of 2,500 resources on these crypto exchanges, forex investments, and businesses, the report discussed the most mentioned exchanges in the news, and which media outlets have the...Read More
On Friday, the Clemency for Ross Ulbricht petition hosted on Change.org surpassed 250,000 signatures. The solicitation for signatures started in July 2018 and gathered roughly 6,200 signatures during the first three days. Now with a quarter of a million signatures asking U.S. President Donald Trump to commute Ulbricht’s sentence, the message clearly shows how people...Read More
The divisive project is one of the most active Ethereum contracts. HEX has finally gone live, marking the most recent project of the colorful YouTube personality Richard Heart. As of Dec. 2, 2019, HEX has completed its snapshot, and its tokens are now in circulation. HEX describes itself as a blockchain certificate of deposit —...Read More
2019 is coming to an end and the Bitcoin Cash (BCH) ecosystem has matured a great deal. BCH has successfully upgraded twice this year, adding Schnorr signatures capabilities and most transactions on the BCH network are now non-malleable. Moreover, BCH has seen increased adoption this year, an SLP token explosion, a slew of helpful third-party...Read More
China is setting the wheels in motion to reduce the dominance of the US dollar. According to a recent report, it was revealed the Asian country was looking to amplify usage of its native fiat currency yuan over the US dollar in the digital asset industry. US dollar had a major dominance over the global...Read More
Just over a week ago, Bitcoin touched the $6500 mark, which was last seen in May, earlier this year. BTC has made a respectable recovery since then, valued at around $7365 at the time of writing. Bitcoin has a market capitalization of nearly $134 billion, and almost $17.8 billion worth of BTC was traded in...Read More
Major cryptocurrency exchanges, Binance and Coinbase, have slipped in the revised version of a cryptocurrency exchange ranking list. The data, compiled by crypto-asset data provider CryptoCompare, was titled ‘CryptoCompare Exchange Benchmark Q3 2019,’ and used a new metric for the latest edition. The tool, dubbed the ‘Exchange Benchmark,’ rested on 30 factors, including the team...Read More
Litecoin noted a sharp fall on 15 November, a fall that caused its price to fall from $59.97 to $55.63. This 7.24% fall was followed by the price of the coin climbing up. However, it fell soon after the rise. The price of Litecoin at the time of writing hovered at around $58.07 with a...Read More
Litecoin noted a sharp fall on 15 November, a fall that caused its price to fall from $59.97 to $55.63. This 7.24% fall was followed by the price of the coin climbing up. However, it fell soon after the rise. The price of Litecoin at the time of writing hovered at around $58.07 with a...Read More
Bitcoin had its hands full dealing with the bearish market, while DeFi gained popularity and provided significant earnings in mainstream finance. However, according to the report provided by Token Analyst, hodling Bitcoin [BTC] or Ethereum [ETH] garnered more revenue compared to crypto lending. The report highlighted the difference in returns offered by investing $1,000 at...Read More
Managing Partner and Head of Research at Fundstrat Global Advisors, Tom Lee, recently made an appearance on CNBC‘s ‘Street Signs Asia‘ segment to talk about Bitcoin price movements in the future. Lee also spoke about why he thinks Bitcoin will touch $25K by 2022. According to Lee, for an industry that’s over a decade old,...Read More
2019 has seen large-scale blockchain adoption. With China trying to beat the world to its central bank-backed digital currency, the United Arab Emirates [UAE] too, has begun drafting regulations. According to reports, UAE has been preparing for a rapid expansion in light of increasing demand for cryptocurrencies. According to Google trends, the terms with an...Read More
Ethereum’s price maintained a volatile trajectory over the past few months after repeated price swings in the market. On 25 October, the 2nd largest crypto-asset recorded its most recent price pump, hiking by 16 percent in a single day and recovering most of the losses suffered a couple of weeks prior. At press time, Ethereum...Read More
Monetary Authority of Singapore [MAS] recently revealed that it had collaborated with banking giant J.P. Morgan in order to develop a blockchain-based prototype. J.P. Morgan has always been bullish toward blockchain tech and cryptocurrencies. The banking giant went on to launch its native digital currency, JPM. Its latest partnership with MAS would allow payments of...Read More
Coinbase recently released a blog post on Proof-of-Work titled ‘How Coinbase views proof of work security.’ However, this blog post failed to appease the Monero community, with some of its proponents highlighting the lack of research done about the privacy-enhancing cryptocurrency. This was in light of the fact that the post had a case study...Read More
The Monero community has been gearing up for the network’s hardfork which is scheduled for 30 November, 2019. RandomX, a new proof-of-work algorithm, will be the result of the imminent hard fork. A code freeze was scheduled for 24 October, followed by the release of version 0.15.0.0 on 31 October. It has now been revealed...Read More
Some crypto assets have had a worse 2019 that others and XRP is one of them. At the moment the Ripple token is still down 15% this year but that could be about to change as XRP finally starts to move in the lead up to the company Swell event next month. XRP Surges 20%...Read More
