Ripple’s XRP-powered cross-border payment solution, On-Demand Liquidity [ODL] has seen an exponential rise since last year. The XRP/PHP trading pair on the Manila-based exchange Coins.ph, which leverages Ripple’s ODL, created a new record. Liquidity Bot Index revealed that XRP/PHP hit an all-time high of 2.7 million XRP on 29th January. Its previous high stood close...Read More
When the news of child porn website, Welcome to Video, was cracked down by the FBI with the help of Bitcoin, a majority of the community speculated that the cryptocurrency would cease to be the king coin of the darknet. Thereby, resulting in vendors opting for a cryptocurrency that would be privacy-oriented such as Monero....Read More
Bitcoin Futures demand saw a rise in 2020, with the Chicago Mercantile Exchange [CME] reporting a surge in open interest. While the recently acquired ICE – Bakkt noted a subdued performance, CME was bullish with strong June premiums, according to Arcane. However, according to the CEO of FTX, Sam Bankman-Fried, there was a divide between...Read More
Blockchain analytics venture, Chainalysis informed that the total darknet market sales of cryptocurrencies grew 70% in 2019. The sales in 2019 amounted to $790 million, making it the first time the sales surpassed $600 million. Source: Chainalysis The report added: “…for the first time since 2015, darknet markets increased their share of overall incoming cryptocurrency...Read More
The year 2019 saw 11 exchanges being hacked, resulting in the theft of almost $2.8 billion in bitcoin. According to an earlier report, the stolen bitcoins were moved into several exchanges with bulk movements to Binance and Huobi. However, new research from Chainalysis stated that over $600 million worth of bitcoin was spent on the...Read More
Over the past 3 days, Litecoin registered a 15.12 percent growth on the back of another spike, as its valuation crossed the $60 dollar mark. At press time, LTC’s price remained just above $60. 1-hour chart LTC/USD on Trading View The 1-hour chart of Litecoin exhibited consistent growth registered after over the past 5 days,...Read More
Since the start of January, the mid-cap crypto index had registered collective growth of over 50 percent till the end of 3rd week. The small-cap crypto index registered a positive spike with well over 35 percent returns since January 1st. The sentiment has been subdued a little over the past week, as according to Coinmetrics’...Read More
French football club Paris Saint-Germain (PSG) launched its new crypto-token today. Back in 2018, PSG had agreed to partner with Socios.com in a bid to leverage blockchain technology to enhance fan engagement. The fan tokens are available on Socios.com as part of an initial token offering and will provide fans with the opportunity to participate...Read More
Litecoin creator, Charlie Lee has been vocal about LTC becoming a privacy coin in the near future. Lee had on-boarded Grin developer, David Burkett to implement the MimbleWimble [MW] protocol and use extension blocks for scalability and privacy on the network. Noting fungibility as one of the important properties of money that had been missing...Read More
The interest and demand in the derivatives market had increased significantly in 2019 with major mainstream organizations entering the frame. The spike in institutional interest was evident but the year closed on a relatively low point in December. According to Crypto Compare’s recent report, it was indicated that regulated bitcoin derivatives product volume of CME...Read More
Bitcoin price has definitely kept everyone at the edge of their seats, but the failure of Bitcoin exchange-traded funds [ETF] has been another talked-about topic through 2019 and 2018. Numerous prominent players have tried and failed at acquiring approval from the US regulators. However, 2020 may not be the year of ETFs, according to Michael...Read More
BitMEX Research’s previous data had stated over 60,000 non-cooperative channel closures took place on the Bitcoin’s lightning network. A non-cooperative channel closure takes place when a lightning network node initiates the closure of a payment channel without directly communicating with the node linked to the channel. BitMEX, in its recent research took an in-depth look...Read More
Since XRP’s brief tryst with the $0.25 level on January 18, the cryptocurrency saw a steady decline over the following week to under $0.21. However, XRP has risen in value since then to around $0.232 at the time of writing, and the coin’s aspirations of meeting the $0.25 level again may be finally within reach....Read More
The Supreme Court resumed hearing in the ‘Crypto V. RBI’ case on 28 January and is yet to pronounce a judgment. With IAMAI’s counsel, Ashim Sood and cryptocurrencies exchange counsel Nakul Dewan, the judges’ bench was presented with various arguments against RBI’s “decision to control consumer behavior”. Sood argued that the central body failed to...Read More
Bitcoin has been historically volatile. The king coin sustained massive volatility in the latter part of 2019. From the crucial $10k-mark, Bitcoin dropped to a low of $7.48k in September. While the coin did manage to breach $9k, the upward trend did not last long. In December, the price of the coin further declined to...Read More
“Libra, invariably because of the potential scale of the project, has been a force multiplier of changing the scope of the conversation.”, said Libra Association vice-chair, Dante Disparte. Libra did manage to send shockwaves across the halls of Congress and initiate the much-needed conversations about the sector. But considering Facebook’s tryst with the US regulators,...Read More
Bitcoin Cash miners have been left with a bitter taste in their mouths after BTC.TOP’s CEO Jiang Zhuoer published his proposal to direct 12.5% of mining rewards to support the BCH infrastructure over the next six months. In response, anonymous North American and European miners have announced the formation of an, “opposing mining group.” “We...Read More
Latin America is reportedly seeing increasing adoption of blockchain technology and cryptocurrencies, with Statistica reporting the region holds the largest number of cryptocurrency users in the world. Through this adoption, Latin America is creating innovative methods to shape public policy, fight fraud, reduce theft, and squash corruption. Since most of Latin America has been through...Read More
September 2019 saw ETH drop from $220 to $254 in just a matter of days, and Ethereum hasn’t been able to move back above the $210 mark ever since. However, the daily chart indicated that this level might not be out of reach for much longer. CoinMarketCap showed, at the time of writing, ETH with...Read More
The upcoming Bitcoin halving set to happen sometime in May 2020, has been anticipated by many in the crypto community. Contributors and researchers have jumped into the discussion and made their comments on how the price fluctuations and the performance of the coin after the halving could play out. Looking back,Litecoin‘s halving in August 2019...Read More
Leading cryptocurrency exchange, Binance’s estimated trading fee revenue in December 2019 was $18.7 million. The estimated trading fee revenue was calculated using CryptoRank.io reported volumes for December multiplied by average trading fees listed on the websites of the exchanges. The study which was conducted by CryptoDiffer revealed that the CZ-led platform was trailing behind the...Read More
Bitcoin has successfully completed a decade of inception, and has entered a new one with one of the most important events lined up – the halving. While the entire community is already looking forward for this event, there are some who have already started paying heed to the next big change that would unfold in...Read More
The advent of Bitcoin led to the inception of several other cryptocurrencies in the market, with each coin promising to solve a different ‘problem’, and presenting its own monetary model. There are some crypto-projects that decided to have a hard cap on its supply, and there are also other coins that decided not to have...Read More
The popularity of crypto-mining in Iran due to low electricity costs has been evident. In the latest news, Iran’s Ministry of Industries, Mining and Trade recently issued 1000+ licenses for cryptocurrency mining units, according to a report. A limited number of authorized mining farms were active across the country. Amir Hossein Saeedi Naeini, an official...Read More
Bitcoin and stablecoins have always been locked in a chicken-and-egg situation. Did the decentralised currency based on principles of mathematics and logic precede the digital representations of stable assets? This age-old question was addressed by Nic Carter, co-founder of CoinMetrics. He stated that while the principle of stable digital currencies preceded Bitcoin, the current crop...Read More
Let’s say you’re given a wish. You can wish for anything *provided it fits into your pocket* What parameters would you employ to make your decision? If I were to chance a guess, you’d want it to be-liquid. convertible. stable. legal [maybe not], and universal. What assets would you want? A few hundred dollar bills?...Read More
DeFi continues to be a contentious topic in the blockchain industry. In recent months, the total USD locked in DeFi hit an ATH and is likely to see a significant increase. However with regard to DeFi adoption, many are still a bit more skeptical. Aleks Larsen, Investment Associate at Blockchain Capital in a recent conversation...Read More
As the Wuhan coronavirus continues to spread, more than 2,000 people have been infected so far and the death toll has risen to 56. However, the World Health Organization recently said that it was a bit too early to declare the outbreak “a public health emergency of international concern”. Spreading across China, reports came said...Read More
A little bit of pessimism is a healthy perspective, especially when you are keeping pace with the digital assets industry. After Bitcoin‘s momentous surge this month, the past week’s correction of 6 percent has made some bulls in the market quite uneasy, with many fearing a drastic pullback below the key support range of $8100-$7900....Read More
Ethereum Classic [ETC] recently underwent a successful network upgrade on 12 January. The Agharta hardfork included features from the Ethereum Constantinople opcodes, with the same contributing significantly to the interoperability between ETC and Ethereum. During an AMA hosted by Messari, Bob Summerwill, Executive Director at ETC Cooperative and Kevin Lord, Ethereum Classic Community Manager at...Read More
