Over the past few days, Ethereum has been one of the top-performing crypto-assets in the industry. The token recently breached the $200 mark and since 5 February, the crypto-asset has surged by over 20 percent. Bitcoin recorded a hike of 7.75 percent over the same time period. At press time, Ethereum was priced at $225.30...Read More
Malta-based Binance, one of the world’s leading crypto-exchanges, will soon add new fiat gateways for Norwegian, Russian, and Croatian fiat currencies in the near future. During CEO Changpeng Zhao’s first AMA of 2020, the CEO of the Malta-based crypto-platform revealed that the team is looking to tap into more markets after launching P2P trading of...Read More
Binance’s CZ aka Changpeng Zhao made quite a few announcements in his first AMA for 2020. The AMA revolved around Binance DEX which runs on the Binance Chain. Among other updates, CZ also spoke about listing fees for projects on DEX, fees that are said to start at a whopping $100,000. Binance Chain Binance has...Read More
The Cardano ecosystem has been focused on maintaining and enhancing the Shelley Incentivized Testnet. The progress made in terms of the ITN has been substantial. Communications Director at IOHK, Tim Harrison, recently compiled the latest ITN stats, revealing that Cardano has reached 1,046 number of registered stake pools out of which 87.2% are registered by...Read More
Malta-based Binance and India’s WazirX have undergone several developments together over the past few months. Soon after one of the world’s largest crypto-exchanges announced the acquisition of the India-based crypto-trading platform, a sense of optimism enveloped India’s crypto-ecosystem. According to a recent announcement by Binance, the Malta-based exchange would now be integrating WazirX’s P2P trading...Read More
The competitive drive between Ethereum, EOS, and Tron over decentralized applications or DApps continued to escalate in 2020. Justin Sun’s Tron was able to surpass EOS DApps for the first time last month, however, it continued to lag behind Ethereum’s dominance. In terms of popularity as well, Ethereum‘s DeFi sector grabbed all the attention as...Read More
The derivatives market has been one of the largest benefactors of the recent bullish rally. Bitcoin’s price is up by more than 35 percent since 2020 dawned and December’s bearish doubts have been cast out over the last 36 days. According to Arcane Research’s recent report, retail and institutional investors agreed on Bitcoin’s Futures valuation...Read More
January’s bullish sentiment has managed to permeate February as well with the market’s major crypto-assets registering a positive 1st week. Bitcoin registered another hike of 5.13 percent and the world’s largest crypto-asset breached its key resistance at $9700 on 5 February. However, the altcoins managed to rally better than BTC over the same time period....Read More
Switzerland’s Financial Market Supervisory Authority [FINMA] on 7 February announced a new, streamlined ordinance, one amending current ordinances and circulars, while abolishing three circulars. It is aimed at passing new rules that would impact the regulation of crypto-transactions in the country. The new Financial Services Act FinSA and Financial Institutions Act FinIA were implemented on...Read More
Ripple‘s Co-founder Jed McCaleb bowed out of Ripple in 2013, following which he signed a contract with the company to establish how much of his assets McCaleb can sell. McCaleb claimed to own 9 billion XRP at the start of the Ripple ledger and according to Whale Alert, McCaleb has sold over a billion XRP...Read More
The Australian government has released its national blockchain roadmap, one that aims to revolutionize the country’s blockchain industry. The roadmap talks about the opportunities that blockchain technology could unleash across sectors from supply chains and logistics to agriculture, with finance and banking being priority sectors. The national blockchain roadmap read, “Blockchain technology is predicted to...Read More
SFOX’s market report for this month showed that all major crypto-assets finished January with significant month-on-month gains — with some unexpected contenders like Bitcoin SV and Ethereum Classic rising by over 100%. While prices have been on the rise, coupled with substantial growth in offered institutional products and regulatory clarity, there are still several unknown...Read More
Lightning Labs, the developer of the Lightning Network, recently tweeted that the company is announcing a $10 million Series A funding round, while also launching the beta of the Lightning Loop, a paid app for merchants to use the Lightning Network [LN] for faster transactions. Commenting on the move, Co-founder and CEO of Lightning Labs, Elizabeth...Read More
The cryptocurrency market has been witnessing a rise in the price of most crypto-assets. Led by Bitcoin, most major cryptos were a part of this bullish wave. Ethereum, the world’s second-largest coin reported YTD gains of around 57%, outperforming BTC’s gains of 35%. With the price of digital assets climbing, DeFi also managed to mark...Read More
Ethereum’s imminent switch to a Proof-of-Stake consensus algorithm has been picking up significant traction over the past year. The divide between Proof-of-Work and Proof-of-Stake assets has also been increasing lately with Proof-of-Stake assets continuing to promote mainnet launches. However, PoW assets had an upper hand in 2019. According to a recent report, Bitcoin remains the...Read More
According to Coinmarketcap, a total of 5093 digital assets currently exist in the industry, at press time. This is a significant number since the larger crypto-community is involved in the investment and development of only a handful of these crypto-projects at the time. And while questions about the larger sustenance of the crypto-market remain, Bitcoin...Read More
2019 was not an easy year for crypto-derivatives exchange BitMEX. In July, the U.S. Commodity Futures Trading Commission (CFTC) launched an investigation into BitMEX to see whether it had deliberately allowed American citizens to trade on the unregulated platform. November saw the exchange accidentally leak sensitive user data through an error applying a blind carbon...Read More
According to research by BitMEX, over 60,000 non-cooperative channel closures took place on the Bitcoin Lightning Network, out of which 72% were related to public channels and the rest were private channels. BitMEX took another look at these closures based on Bitcoin’s value, instead of the channel count-based metric. The 60,000 non-cooperative channel closures transactions...Read More
With approximately 96 days to the next Bitcoin halving event, traders, analysts, and market participants have been caught scratching their heads with regard to what its implications might be. The argument around whether the halving event is already priced in or not walks a precarious tightrope between proponents and naysayers. Regardless of what happens, it’s...Read More
Bitcoin’s adoption has improved over the years, but a part of the community feels that its adoption will eventually reach a dead end. Christopher Allen, former Principal Architect at Blockstream, is among those who are concerned about Bitcoin‘s lack of adoption lately, hinting at the need for scaling solutions like the Lightning Network. However, according...Read More
In a quick update to the community, Ethereum 2.0 developer Danny Ryan provided an outline of the progress made toward eth2 development and the optimization improvements made over the last few weeks. He spoke about the recently completed audit and formal verification of the eth2 deposit contract bytecode by Runtime Verification, and how it is...Read More
Bitcoin and its holders experienced a fruitful 2019 with almost 90% in recorded returns. However, there has been an ongoing debate about the treatment of crypto-assets, especially when it comes to the returns generated by holders of a particular asset. According to CoinMetrics’ recent report, cryptocurrencies are not just an incremental asset class innovation, but...Read More
In the latest issue of its weekly ‘State of the Network’ report, blockchain data analytics firm CoinMetrics explored market data over the past week and provided insights into Bitcoin and cryptocurrency market movements, as well as plausible explanations for the same. CoinMetrics used five cryptocurrencies in their sample set, of which all saw a 20%...Read More
Cardano has seen a lot of positive movement this year, with the ADA token recording significant gains in the first month of 2020 alone. However, this might not be the end of its glory days as some bullish movement looks plausible in the short to medium term. At the time of writing, ADA had a...Read More
The world of cryptocurrencies has been dictated to be a decentralized world. However, with the community wanting to extend the use case of crypto to a global level, a certain level of centralization is ought to set in. However, ETC Developer Donald McIntyre introduced the community to a principle of permissionless fallacy, an idea that...Read More
Bitcoin has been around for more than a decade and its success has been measured on different levels over the years. Many attribute the reason for its success to be successful financials or its adoption, whereas others recognize its importance for its introduction of decentralized control over an individual’s money. During a recent segment of...Read More
Blockchain solutions provider, Block.one, recently announced that it would be offering $200,000 to the individual, team, or organization that is able to complete its proposed challenge. The challenge entails creating an EOSIO smart contract capable of storing and invoking “Ethereum Virtual Machine (Solidity) smart contracts in an Ethereum-like environment.” According to the announcement post, the...Read More
Bitcoin’s ‘digital gold’ narrative has been crucial to the growth of the world’s largest digital asset over the years. In a recent interview with CNBC, Terry Duffy, CEO of the CME Group, discussed Bitcoin’s ‘digital gold’ narrative again, going on to claim that the digital asset’s position is strengthening, when compared to gold. When asked...Read More
Creator of the Bankless program and Mythos Capital founder, Ryan Sean Adams, recently published an article discussing why stablecoins are not parasites on the network, but one of the biggest reasons to be bullish about Ethereum. In the article, Adams explained how Ethereum is the dominant network for fast-paced, growth-oriented stablecoins, with bank and protocol...Read More
Malta-based crypto-exchange Binance is all set to roll-out perpetual contracts for privacy coin Zcash [ZEC]. The ZEC/USDT perpetual contract will go live on 5 February at 8:00 AM [UTC]. This is the third privacy coin to be listed for perpetual contracts in less than a week, the first being Monero. XMR/USDT began trading on 2...Read More
