2019 recorded a slew of developments in the derivatives market. The size and accessibility of crypto-derivatives have prompted this space to post some staggering figures. According to the latest edition of Binance Research for the month of January, the volume on Binance Futures recorded an increase of 85% month-on-month, with $56 billion traded across its...Read More
While Bitcoin has recorded significant growth in valuation over the past month, the king coin’s ‘trading dominance’ has, however, fallen below 40% on Binance’s platform in January. Leading crypto-exchange platform, Binance recently published its January review and according to the post, the coin registered a trading dominance of 38.17% in the first month of the...Read More
The Bitcoin Cash [BCH] ecosystem’s development fund proposal has faced a lot of backlash recently. The most contentious part of the entire episode was the “no-debate” clause which stated that any miners who didn’t support the soft fork would risk having their blocks orphaned. While many crypto-proponents have criticized the way the proposal was put...Read More
Ripple‘s on-demand liquidity platform noted an exponential rise of 550% between Q3 and Q4 of 2019. This increased level of activity was largely contributed to by the Mexican corridor, a corridor that still holds a large volume of ODL transactions. However, recently all three active corridors, XRP-MXN, XRP-PHP, and XRP-AUD, recorded new highs. According to...Read More
Bitcoin’s price noted a boost of just over 8% over the past week. This push caused the price of the world’s largest cryptocurrency to rise above its $9k resistance and it was valued at $9,336.77, at press time. Such growth was also noted among major cryptocurrencies, with Ethereum [ETH] surging by over 12%. According to...Read More
During a recent Q&A livestream on YouTube, cryptocurrency consultant Tone Vays spoke to researcher Willy Woo about the upcoming Bitcoin halving and whether the Stock-to-Flow (STF) model would be valid in the long-term. According to Vays, “it’s a little too early to assume anything about the price during the halving until we’re about a month...Read More
Mastercard was one of many to unfriend Facebook‘s Libra, with many top-notch investors backing out of the project citing regulatory concerns. In a recent interview with Financial Times, Ajay Banga, Mastercard’s Chief Executive, claimed that the Libra Association’s key members would not give a hard commitment to “not do anything that is not fully compliant with...Read More
Over the years, breaching attacks in the cryptocurrency industry has made headlines. Even established platforms had their security compromised at the hands of malicious attackers. But with the rising trend of hacks and compromises, there has been substantial development towards curbing these activities too. Kraken’s recent revelation of a vulnerability in Trezor hardware wallets posed...Read More
As technology advances, risks associated with it also increase. In this age when personal data is collected by social media and various other platforms at every step, none of it really remains private. In a recent talk, Diogo Monica, co-founder and the President of crypto security company Anchorage, talked about the use of crypto in...Read More
The second-largest cryptocurrency aka Ethereum [ETH] has pumped more than 7% in the last 4 hours or so. In terms of BTC, it has pumped by 4.25% making 1 ETH equivalent to 0.0202 BTC at press time. However, this rally is running on fumes and is bound to head lower in the upcoming day. Pumping...Read More
Since it’s inception, the case of whether Bitcoin should be hodled or not has always been debated. Two main objectives cause contention, should Bitcoin be a store of value, akin to digital gold, or should it be used as a medium of exchange similar to using dollars to buy coffee. While this caused divisions, fervor,...Read More
Bitcoin closed January in bullish fashion, ending with a 30 percent-plus price increase. While this set a positive tone for what could be a big year to follow, with the halving less than 100 days away, the altcoins are not too far behind. According to the latest report by Arcane Research, the mid-cap cryptocurrencies i.e....Read More
Binance, one of the world’s largest cryptocurrency exchanges, added Monero [XMR] to its Futures market. Binance Futures announced the launch of XMR/USDT perpetual contract today. This update comes just weeks after the exchange announced that Stellar Lumens [XLM] paired with USDT perpetual contracts would be supported on Binance Futures. In the announcement, the company stated...Read More
Bitcoin just gots its own emoji on Twitter! This was the top trending news today on crypto Twitter. Having been around for more than a decade, Bitcoin is, at last, being recognized (by institutions) and by Twitter. To use the Bitcoin emoji, just type the hashtag of Bitcoin(#Bitcoin), and the emoji just pops up. The...Read More
As network stability remained the focus for the Cardano ecosystem, Dimitris Poulopoulos, Project Manager for the Shelley Incentivised testnet addressed some key updates on its progress. This week the Cardano community saw the release of two versions of Jormungandr Node – 0.8.8 as well as 0.8.9. According to Poulopoulos, the 0.8.9 version was essentially made...Read More
David Burkett, the Grin++ developer who also acted as the lead dev working on the proposal to integrate MimbleWimble [MW] onto the Litecoin network, revealed some interesting details. The official blog published by the dev revealed that he found a way to support “non-interactive transactions” in MW. He stated, “The biggest news from January is...Read More
The rise of bitcoin and its increasing popularity along with its ability to dominate the cryptocurrency world has led to a barrage of altcoins. Among these King Coin aspirants, recent debates have revolved around the role of stablecoins and CBDCs regarding their pitfalls and innovations that they bring to the table. While bitcoin provided a...Read More
Bitcoin’s narrative has evolved over the years. A reason for this could be due to the increase of a plethora of innovative products. Take, for example, the futures, options, derivatives, etc, all of these in combination with institutional onboarding has caused Bitcoin to mature as an asset. According to Genesis Capital, a crypto lending firm,...Read More
Yet another battleground for Bitcoin and gold. In 2019, while the yellow metal saw a consistent rise, reaching a 6-year high, its luster, in the face of Bitcoin’s massive rise, on the fundamental and the technical side, was overshadowed. The markets paint a different picture of how the larger public looks at the cryptocurrency and...Read More
Research firm Gartner recently released a report that predicted that blockchain smart contracts would increase a company’s overall data quality by about 50% by 2023. Smart contracts simply put, are pieces of programming code that are invariably used on a blockchain. The Gartner report also predicted that the overall data asset availability would decrease by...Read More
Founder and managing director of Autonomous Partners, Arianna Simpson, recently took to twitter and officially announced that she would be joining the a16z crypto team as a deal partner. Many noted crypto investors and enthusiasts appreciated the move and congratulated Simpson. 1/ I have some news! I’m thrilled to announce I’ll be joining the @a16z...Read More
Over the month of January 2020, the top assets have undergone continuous re-shuffling in terms of ranking, with Litecoin and EOS engaged in a close battle for the 7th position. At press time, Litecoin held a small lead of $10 million over EOS with a market cap of $3.98 billion. The silver counterpart for Bitcoin...Read More
Over the years the number of cryptocurrency wallets has been increasing; latest data from Blockchain.com revealed an exponential increase and by the last week of January 2020, the number of cryptocurrency wallet users increased to over 45 million. A sharp increase was noted in the second quarter of 2019 when the numbers shot above 40...Read More
Ethereum’s valuation received another boost over the past 24-hours as the price spiked from $170.36 to $186.40. Major resistance at $175.06 was breached in the process as the asset managed to cross the $180 mark. At press time, Ethereum continued to consolidate above at $182.78 but major indications for a pullback were surfacing in the...Read More
Bitcoin’s price has been surfing turbulent waters over the past 3 months. Dipping to $6900 and spiking up to to $9400 in a span of 90 days, marked a volatile 3 months for the largest digital asset. However, Bitcoin’s difficulty and the hash rate continued to rise over the past 90 days. BTC’s difficulty and...Read More
Digital currencies are seeing greater adoption and a lot more clarity regarding their regulatory status’. However, for many traditional investors, the technological intricacies surrounding cryptocurrencies is still unchartered territory. A week ago, CEO of Euro Pacific Capital, Peter Schiff made the headlines within the crypto community when he took to Twitter to blame Bitcoin when...Read More
$7000, $8000 and now $9000! Bitcoin continued its new-found bullish momentum, breaching past its recent major resistance at $9000. The latest spike marked the sixth time BTC marched above the 9000 range since its inception, triggering major bullish sentiment among the king coin enthusiast. Source: CoinStats With the big $10,000 resistance again under its radar,...Read More
The leading fungible cryptocurrency – Monero – witnessed a major network upgrade in November 2019, with the network seeing a shift from the CryptoNight R algorithm to RandomX. The upgrade was a part of its constant effort to ward off application-specific integrated circuit mining [ASIC mining], thereby ensuring mining decentralizing by empowering CPU miners. Interestingly,...Read More
Josh Goodbody, former Huobi counsel and regional director has now taken over as the new director of European and Latin American Growth and Institutional Business at Binance, the Malta-based crypto exchange, according to an official blog report. Goodbody will be in charge of building the exchange’s European and Latin American retail and institutional customer base....Read More
Sumitomo Mitsui Banking Corporation (SMBC), Japan‘s second-largest financial institution, has recently partnered with SBI Holdings to build a Blockchain-based financial service platform, according to a report. SMBC entered the partnership under the SBI umbrella intending to expand the distributed ledger services into corporate trade finance and individual bank remittances. Additionally, as a part of the...Read More
