In a recent interview, CEO of IOHK and Cardano founder, Charles Hoskinson, spoke about proof-of-stake systems, Ethereum smart contracts, and IOHK‘s goals for 2020. According to Hoskinson, there is a large group of people in the cryptocurrency space who either believe PoS is a Ponzi scheme or that Cardano’s particular flavor of it is flawed....Read More
“The point of all these cryptocurrencies and blockchains is ultimately the management of assets, information, trust, and data,” said Charles Hoskinson, CEO of IOHK and Founder of Cardano, in a recent interview. During the same, Hoskinson spoke at length about Bitcoin, blockchain security, Ethereum, and about creating a global social operating system. According to Hoskinson,...Read More
Ethereum, the world’s leading smart contracts platform, is well-noted for being the main hub of decentralized finance. The DeFi space that gained massive momentum in the crypto-verse last year continues to record new milestones with each passing day. Notably, the DeFi market has also witnessed a surge, alongside the entire crypto-market. According to DeFi Pulse,...Read More
It doesn’t come as a surprise that “don’t spend like a baller” is associated with lavish spending and basketball. With so much money coming in so quickly at such a young age, athletes are overwhelmed and end up spending it on cars, shoes, parties, and even a shark tank. But, it looks like one man...Read More
If something seems too good to be true, it probably is. The gullibility of some when it comes to money has cost them a lot of funds and the crypto-space is no different. Fake giveaways and airdrops seem like an everyday affair now. In what is a recent development, Ripple-backed web monetization platform Coil has...Read More
Cardano blockchain’s official commercialization arm, EMURGO, has announced the establishment of a “strategic blockchain taskforce” with the Uzbekistan government’s National Agency of Project Management [NAPM], the KOBEA group, and Infinity Blockchain Holdings. EMURGO’s official blog post also revealed that the firm will lead the development of a legal framework for security token offerings [STO] and security...Read More
Bitcoin’s value plunged by nearly 5% over an hour on 19 January and at press time, was valued at $8,650. While this is the second time the king coin’s price plummeted after crossing the $9,000-mark this year, it is still going strong in terms of on-chain network activity and usage. Reportedly, Bitcoin’s blockchain activity continued...Read More
One of the world’s leading cryptocurrency exchanges, Malta-based Binance has registered unprecedented growth since its launch. The exchange is not only adding more services on its platform, with the recent drive being the addition of more fiat support, it is also extensively working towards establishing a presence in all countries in a way that is...Read More
Collaborative financial platform, 2gether, recently published its report on users’ crypto-spending behavior, including an analysis of how they spend assets such as the world’s largest cryptocurrency, Bitcoin. The report analyzed 2gether users’ data from April to December 2019, with a sample set of over 10,000 users from 19 countries. According to the aforementioned report, 31%...Read More
It is a common narrative in the digital asset industry that most of the time, Bitcoin is responsible for driving the market on a bullish surge. This is largely due to the fact that presently, Bitcoin dominates the crypto-market cap, with a dominance index of 66.3%, at press time. However, over the past week, the...Read More
Following the sudden rise in XRP’s value from the $0.184 mark to $0.225 in just three days, beginning from 3 January, the coin has been making steady gains, rising all the way up to $0.25. However, XRP seems to be following a fractal and could be in for a drop in the short-term. At the...Read More
Bitcoin has touched a new high, with respect to its hash rate. With just three months left for the upcoming halving event, the king coin’s hash rate, a metric which essentially refers to the amount of computing power utilized by miners to validate the Bitcoin blockchain, hit a new all-time high after it touched 126.13...Read More
Facebook’s proposed crypto-project Libra did not receive the very warm welcome it once expected. However, what it undeniably did was open a much-needed conversation among many in the mainstream industry. While it does not seem likely that the hurdles for Libra will be gotten over any time soon, David Marcus was invited to the 2020...Read More
Bitcoin has always been hailed as the ‘one true cryptocurrency,’ more so because of the number of impersonators it has, than what its white paper claims. While Satoshi Nakamoto did pen Bitcoin as “a peer-to-peer electronic cash system,” this claim has been co-opted by one too many. Using the Bitcoin name, many impersonators have gained...Read More
The tokenization of assets gained a lot of momentum in 2019. By converting a real-world asset into its digital equivalent, tokenization provides higher liquidity, flexibility, and transparency, making it an emerging trend for investments in 2020. Just a couple of months ago, Jason Kelley, IBM’s General Manager of Blockchain Services, had mentioned during a talk...Read More
Bitcoin’s current price movement is catching the attention of many in the world of digital assets. The spike on 14 January raised Bitcoin’s valuation by another 10 percent, with the price surging past $8600 and briefly touching the $9000 mark. The coin has since managed to consolidate above its immediate support at $8600, with many...Read More
In yet another milestone for the XRP Ledger [XRPL], an open finance hub called FinNexus has revealed its plans to leverage XRPL’s technology, according to a recent blog published on 17 January. In line with its 2020 roadmap, FinNexus intends to utilize XRP Ledger to tokenize assets in terms of protocol development. The released roadmap...Read More
Bitcoin is remembering to be volatile again! The real trading volume for Bitcoin is back up to its November 2019 levels after its price broke out of the lows seen during the holiday season. Thanks, in good measure, to the volatile few weeks the cryptocurrency is having. According to the latest report by Arcane Research,...Read More
“I understand the rationale behind crypto-anarchy, but I believe in crypto-civilization,” said Balaji Srinivasan, founder of Nakamoto.com, when asked about the reason behind the formation of the now-controversial forum. Srinivasan recently appeared on a podcast with Messari’s Ryan Selkis and spoke about Nakamoto.com, a project which after its release, has caused quite a stir. Srinivasan’s...Read More
After barely a year into its existence, Switzerland-based SEBA bank is taking more significant steps towards expanding and manifesting its growth in the digital assets ecosystem. According to a recent report, the crypto start-up that received its banking license only in August 2019 is setting up another fundraising event, one that aims to raise over...Read More
“Financial privacy is like a fundamental right”, says Jesse Powell, CEO, and Co-founder of Kraken. But Bitcoin and other cryptocurrencies are pseudonymous, i.e., transaction information is easily available for further analysis. In response to this, new technology has been developed over the years to recreate privacy by restoring anonymity. While this gave rise to privacy...Read More
Decentralized Finance [DeFi] protocols have been gaining popularity with the returns they have been churning out for the users who have locked in Ethereum [ETH] on the platform. This growth of the protocol can be visible in the total amount of ether locked in the applications, which has noticeably tripled in a period of one...Read More
The bearish lows of December 2019 were overcome with the recent collective surge witnessed by the crypto market. Bitcoin silver’s counterpart Litecoin experienced a similar hike over the period as the 7th largest digital asset breached its psychological resistance of $50. Litecoin was valued at $59.60 at press time with a market capitalization of $3.77 billion....Read More
Bitcoin has managed to consolidate higher in the charts after a few consistent surges; other major assets have followed BTC’s path in improving their respective valuations. Despite rising market caps, the address profitability for certain major cryptos has not mirrored their current market performance. Data from intotheblock.com indicated that a majority of the addresses holding...Read More
After touching $115 on December 18, ETH grew by nearly 50% in the month that followed. While 2019 was not too favorable for Ethereum, 2020 might push it to greener pastures. Valued at $161 at the time of writing, ETH has a market capitalization of nearly $17.7 billion, with almost $14.6 billion worth of ETH...Read More
Cryptopia, Christchurch-based cryptocurrency exchange, recently announced that its directions hearing has been rescheduled to Feb. 11-14 at Christchurch High Court. The hearing was earlier scheduled with a New Zealand court for February 3, 2020. The exchange’s tweet on Jan 17 read, The #Cryptopia directions hearing has been rescheduled to 11-14 Feb @ Christchurch High Court....Read More
The Malta-based cryptocurrency exchange, Binance Holdings Limited announced entering into a strategic partnership discussion with Z Corporation, a wholly-owned subsidiary of Z Holdings Corporation and TaoTao Inc., a Japanese licensed cryptocurrency exchange. The official release stated, “Z Corp, a subsidiary of Yahoo Japan, and TaoTao will continue discussions and deliberations with Binance and begin preparation to launch...Read More
2017 bull run opened the flood gates for the cryptocurrency ecosystem and many investors have not looked back. Fast forward two years and the debate still arises whether the rate of involvement and widespread utility of digital assets is prominent or not. 2019 witnessed the growth of institutional investors with major market players such as...Read More
Crypto Rating Council, an organization led by Coinbase and seven other platforms, announced the inclusion of three new members and the publication of five new asset scores, namely, crypto exchange OKCoin USA, social trading network eToro USA, and RADAR, a blockchain tech platform. With this latest addition, the three platforms join eight other industry players...Read More
IOHK, the research and development arm of decentralized public blockchain and crypto project, Cardano, released Jormungandr 0.8.6 version for Cardano pool operators. This was revealed by Rick McCracken, Cardano Ambassador on January 15th. The latest release aims to improve the network stability of the node. The roll-out of Jormungandr 0.8.6, comes with several optimizations. IOHK...Read More
