In an effort to make Bitcoin more scalable, Joseph Poon and Thaddeus Dryja proposed the Lightning Network in 2016. The project improves scalability by creating a second layer on top of the Bitcoin blockchain, and substantially improves transaction speed because the transactions don’t need to be approved by all the nodes on the network. However,...Read More
“When we look at a framework, we want regulatory clarity and that’s an important one.” These were the words of blockchain giant Ripple’s CEO, Brad Garlinghouse, who featured in an interview with CNN’s Julia Chatterley. He went on to say that while any remittance market that has a “lot of US Dollar and Euro” flow...Read More
Transparency, as well as privacy, are two crucial pillars that need to be respected during times of distress. With almost 1,770 fatalities in China, over 70,000 total cases reported, at press time, China has turned to blockchain-based solutions to not only fight the crisis. In the latest development, blockchain technology has been aiding the Chinese...Read More
The golden cross which took place recently didn’t immediately project the violent pump expected by the market, though there might still be hope for ETH yet. According to CoinMarketCap, Ethereum has a market capitalization of over $27.12 billion, with over $26.82 billion worth of ETH traded in the last 24 hours. Ethereum 1-hour chart Source:...Read More
Two months in to 2020 and so far, there have been plenty of predictions made on blockchain and cryptocurrency. In a recent panel discussion, Michael Carrier of Forge, Rod Hall of Goldman Sachs, Spencer Bogart of Blockchain Capital, Asheesh Birla of Ripple, Diogo Monica of Anchorage discussed the important trends in the sector. Spencer Bogart...Read More
The second half of 2019 saw Litecoin depreciate by over 75%, and while LTC has seen over 120% gains since the start of this year, it’s also important to note its 52% gain since this time last year. With most altcoins positioned to move up in the weeks to come, LTC might be in for...Read More
There have been a lot of narratives spun around Bitcoin’s upcoming halving, which is slated to happen sometime in May 2020. For example, Galaxy Digital CEO, Mike Novogratz, in a recent interview noted that BTC had the potential to reach and even surpass its all-time highs of $20,000 by May’s block reward halving. Litecoin’s creator...Read More
Bitcoin‘s recent price fluctuation has created a lot of anxiety among crypto investors and traders. Having started at around $7,000 at the start of the year, the top coin has swung wildly above and below $10,000. With Bitcoin’s halving around the corner, many in the crypto space expect Bitcoin to keep climbing up the ladder....Read More
Ethereum aka the World Computer’s migration to the Proof-of-Stake (PoS) from Proof-of-Work (PoW) chain is taking longer than previously anticipated. It’s obvious considering how huge the network has grown. However, the migration hasn’t been going swiftly; several EIPs have been proposed to improve this. Published 5 days ago, EIP 2515 is trying to squash the...Read More
FOMO or not Bitcoin’s second rally above the critical $10,000-mark has reignited interest among the retail investors. The king coin has been consolidating above $9,700 mark. Following this, strong rallies were also seen in the altcoin space. A surge was also noted in terms of search volume of Bitcoin which recorded a spike following Bitcoin’s...Read More
“If there was a crypto exchange-traded fund [ETF], I would buy it. I would buy it for my clients. But I don’t think it is good for crypto.” These are the words of Michael Venuto, Co-Founder of Toroso Investments. While many analysts believe that the launch of Bitcoin ETFs will attract investment in the space,...Read More
Bitcoin’s volatility may scare many investors away from the cryptocurrency ecosystem but at the same time, its rapid price rise is also alluring to many. In fact, it has played an important role in capturing the minds of institutional investors, governments, and casual observers. In 2020 alone, Bitcoin broke the crucial $10,000 mark. Further, many...Read More
The collective crypto-market was recording a market cap of $305 billion, with Bitcoin holding a dominance of 61%, at press time. With the king coin consolidating above $10,000, many of the market’s undervalued altcoins have gained much-anticipated momentum, movement that has gone on to pull down Bitcoin’s dominance to an eight-month low. Is the altcoin...Read More
Ohio is one of the United States’ most pro-Bitcoin states, with the state often taking the lead with regard to crypto-friendly regulations. In fact, it was the first U.S state to accept cryptocurrency for tax payments in the United States. Additionally, Ohio state officials like Josh Mandel and Warren Davidson have often come out in...Read More
Facebook‘s cryptocurrency Libra shows no signs of launching this year and there have been plenty of speculations regarding its fate, ever since the start of 2020. However, discussions around the launch of Libra did initiate a lot of other conversations in the crypto-space as well, like the role and impact of Central Bank Digital Currencies...Read More
Bitcoin underwent a downward correction earlier this year after breaching the crucial $10,000-mark in a surge that ended the six-month-long bearish fever that had struck the coin. The king coin rose to $10,244 after a minor surge of 0.70% over the last 24 hours. At press time, Bitcoin held a market cap of $186 billion...Read More
Brazil has been very active in the cryptocurrency scene for a long time now. In fact, not only does Brazil rank among the top 5 in the list of countries with the most cryptocurrency holders, but it is also seventh on the list of countries with the highest number of crypto-exchanges. However, the Brazilian government...Read More
Switzerland has been at the forefront of crypto-advancement for a long time now. As a result, many bankers in the country have started to see Bitcoin as a natural fit for their country’s financial and banking sector. On a recent podcast, Phil Dettwiler, Head of Custody Storage and Transaction Banking at SEBA Bank AG, stated...Read More
The collective digital asset market cap has registered a spike of 65.14 percent since 1 January. That is over $100 billion in less than 2 months, which is why a majority of the space is completely convinced by the bull-run bandwagon. Keeping some of the major crypto-assets aside, a few mid-cap cryptocurrencies are exhibiting significant...Read More
For the longest while, the United States’ Securities and Exchange Commission (SEC) and the cryptocurrency ecosystem have been at loggerheads. The fact that the era of Initial Coin Offerings was ushered in as soon as Bitcoin proved that it is not just ‘Internet Money’ is evidence of the same. In 2018, the SEC had taken...Read More
Discussions around Facebook‘s Libra seem to have dialed down a bit lately. However, all the attention that was once given to Libra seems to have extended to Central Bank Digital Currencies (CBDCs) now. A recent research report had revealed that at least 18 central banks are currently developing digital currencies. In fact, China’s central bank...Read More
One of India’s biggest cryptocurrency trading platforms and liquidity aggregators, CoinDCX, has announced its partnership with Malta-based exchange OKEx. This wasn’t all, however, as the Indian exchange also announced the launch of its new DCXfutures product to cater to the increasing demands for access to Futures, Options and higher leverage trading for the Indian market....Read More
The altcoin market has slowly begun to rally and XRP, in particular, has risen by 75% since the start of 2020. Other altcoins like Bitcoin SV have surged by over 200% since the start of 2020 as well. At press time, the price of XRP was recorded to be $0.3275, and this is after its...Read More
France has been one of the countries at the forefront of the debate on digital currencies, CBDCs and of course, Facebook’s controversial project, Libra. This debate gained more steam recently after prominent French MPs Laure de La Raudiere and Pierre Person met with France’s Minister of the Economy, Bruno Le Maire to discuss the advantages...Read More
Bitcoin has been performing extraordinarily well over the last six weeks, stealing the spotlight from many of the altcoins in the space. Even larger-cap altcoins like Ethereum and XRP saw impressive gains this year, steering attention away from a few unsung heroes like Hedera Hashgraph, Chainlink, and Huobi exchange’s native token, Huobi token. Source: HBAR/USD...Read More
Crypto-assets have come under the scrutiny of various governments over the past few years. In fact, just recently, markets like the U.S and Europe have made clear their plans to bring stringent regulations to curb tax irregularities, money laundering, and terror financing via crypto-channels. While studies have shown that just over 1% of total crypto-transactions...Read More
Over the past week, major crypto-assets such as Ethereum, XRP, and Litecoin have registered significant growth rates of 27.78, 16.14 and 10.45 percent, respectively. Bitcoin has spiked by 5.32 percent as well, with its positive correlation with other crypto-assets reflecting in the market as well. Although the attention has been largely stolen by these major...Read More
13 February saw the market take a nosedive as Bitcoin’s price fell under $10,500 after surging for a few hours. This 3.63% fall within hours, resulted in the fall of altcoins, especially the highly-correlated asset to Bitcoin, Ethereum. Ethereum observed a 5.31% fall within 3 hours, pulling the price of the second-largest crypto-asset to $258.79....Read More
Though this year has recorded some very positive price movements across the board, it still isn’t entirely clear how institutional investors have positioned themselves about Bitcoin. While volumes and volume profiles on derivative exchanges do provide a lot of information regarding how much trading is taking place, a far more insightful metric is its ‘Open...Read More
Bitcoin’s price, at press time, was $10,144. And while the king coin’s price has dipped significantly over the past few hours, Bitcoin’s surge over $10,300 was the world’s largest cryptocurrency’s biggest rally in 2020. In fact, Bitcoin breached the much-anticipated $10k level twice this week after a significant pullback. Today, Bitcoin is seen by many...Read More
